Category : Search result: economy rice


Nasarawa targets 1.2 million bags of rice

Nasarawa State achieves 50% harvest target with 600,000 rice bags collected in two weeks. Governor Sule announces NASACCO Gold brand launch and expansion plans for food security.

Rice Prices Drop 40% in Nigerian Markets

Nigerian consumers rejoice as rice prices plummet from N95,000 to N55,000 per bag due to increased local production and imports. Traders face losses while experts warn the relief may be temporary.

Bandits kill 2 farmers, abduct teen in Kwara attack

Suspected bandits killed two rice farmers and abducted a teenage boy in Bokungi community, Kwara State. The attack occurred during harvest season, highlighting security concerns for rural farmers. Read more about this tragic incident.

Nigeria's 15% maritime GDP triggers PPP push

Nigeria's low 15% maritime GDP contribution sparks urgent PPP drive to unlock N22.12 trillion blue economy potential through fisheries, tourism and port modernization.

AGRA: Food Prices Rise & Fall Across Africa

AGRA's Food Security Monitor reveals mixed food commodity prices in Africa. Maize prices ease in Nigeria & East Africa, while rice costs rise in coastal West Africa. Discover the full analysis.

German experts cut 2026 GDP forecast to 0.9%

German economic experts criticize the government's €500bn spending plan, warning it will provide only a minor boost to the struggling economy. They have cut the 2026 GDP growth forecast to 0.9%. Read more for the full analysis.

Hilda Baci Gets Second Guinness World Record Plaque

Nigerian culinary superstar Hilda Baci celebrates another milestone as she receives her second official Guinness World Record plaque for cooking the largest pot of jollof rice, cementing her status as a global food icon.

German Factory Orders Decline in June 2024

Germany's factory orders unexpectedly fell in June 2024, raising concerns about Europe's largest economy. Latest data shows manufacturing sector struggles continue.

Nigeria's Economy Improving, Nearing Stability - IWG

Nigeria's economic outlook shows promising signs of improvement as the Inflation Working Group manager confirms the economy is approaching stability with reduced inflation and strengthened Naira.

Kwara State Aims to Become Nigeria's Next Tech Hub

Governor Abdulrahman Abdulrazaq unveils groundbreaking technology development strategy to position Kwara State as Nigeria's next innovation powerhouse, creating massive opportunities for youth and investors.

Xi-Trump Talks: Nigeria Economy Impact Analysis

Recent phone discussions between Chinese President Xi Jinping and former US President Donald Trump generate hopeful signals for China-Africa trade partnerships, with Nigerian economists watching closely for potential benefits.

Eurozone Growth Beats Expectations in Q1 2024

The Eurozone economy has delivered a powerful performance, exceeding all forecasts with stronger-than-expected growth in the first quarter of 2024, driven by Germany's recovery and resilient consumer spending.

Tinubu Slashes Petrol Import Duty to 15%

In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost economic activities across Nigeria.

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