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Business Price of Local Rice Falls in Jalingo Markets - NAN
The price of local rice has significantly dropped in some major markets in Jalingo, Taraba. A survey conducted by the agency on Wednesday at Gadar Bobboji, Kasuwan Bera and Mile Six Markets, shows that the price has significantly decrease. A measure of local rice selling between N650 and N750...- ProfRem
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Business Rice Operators Agree to Crash Price To N6,000 Per Bag
Rice farmers, millers and processors on Wednesday announced that the price of a 50kg bag of rice will fall to as low as N6,000 in the next few months. The operators said the current market price of rice, which is about N15,000 per 50kg bag, will drop to between N6,000 and N7,000 in a couple of...- ProfRem
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Business Nigeria: Price of Rice Falls in April - NBS
The National Bureau of Statistics said the average price of imported rice decreased by 6.72 per cent, as one kilogramme was sold for N250.30 in April from N418.71 in March. The NBS stated this in its“Selected Food Price watch data for April 2017” released on Tuesday in Abuja. It, however...- ProfRem
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Business Christmas: Excitement In Cross River As 'Abakaliki Rice' Sells For N14,500
Demand for Nigerian-grown rice has risen in Calabar amidst rising cost of imported grains. Local rice looks set to take over kitchens this Christmas, according to an investigation by News Agency of Nigeria. “It is cheaper, more affordable and even sweeter than foreign rice. So I cannot spend...- ProfRem
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Business Ambode Rolls Out Lake Rice At N13,000 Per 50kg
Goveror Akinwunmi Ambode of Lagos State on Thursday said it was ready to roll out Lake Rice on December 15 to Lagosians at N13,000 per 50 kg towards the Yuletide celebrations. Mr Sanni Okanlawan, Special Adviser on Food Security to Gov. Akinwumi Ambode, made the disclosure in Lagos during the...- ProfRem
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Business Nigeria: Why Price of Rice Will Fall in 2017
Rice farmers have assured Nigerians of their readiness to make the price of rice affordable and accessible by 2017. Mr. Aminu Goronyo, the National President, Rice Farmers Association of Nigeria (RIFAN) said this during an interview with the News Agency of Nigeria (NAN) in Abuja on Monday. He...- ProfRem
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Business Nigeria’s Rice Policy Crashes Global Exports – Audu Ogbeh
President Muhammadu Buhari-led federal government’s efforts to boost self-sufficiency in rice production next year have affected export of the commodity globally, as prices of the product slump, Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has said. He disclosed this at a...- ProfRem
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Business Recession: Price of Garri Now N12, 000, Carton of Fish Hit N22,000, Others Increase in Abuja
As Nigeria celebrates its 56th independence anniversary, some women in the Federal Capital Territory (FCT) have decried the continuous hike in the prices of food items in the market as carton of fish hit N22,000. Some of them, who spoke with newsmen in Abuja on Friday called on government at...- ProfRem
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Business Nigerians Opt For Noodles As Price of Rice Hits The Roof
Nigerians are now opting for eating all kinds of noodles as replacement for rice as economic recession bits harder. According to New Telegraph investigation, the big ones - Hungryman has 24 parks in a carton while Belleful contains 16 packs. Superpack that sells for N2,400 a carton before is...- ProfRem
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Business Why Price of Rice Will Fall Soon - Trader
A major rice dealer in Umuahia, Chief Anthony Ndubuka has expressed optimism that the price of rice would soon fall in Nigeria. Ndubuka expressed the optimism in Umuahia on Thursday while speaking to News Agency of Nigeria on the high price of the grains in the country. He said that the grains...- ProfRem
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