Category : Search result: rice price crash


Exploring the Rich Tapestry of Nigerian Food Culture

Discover the essence of Nigerian identity through its food culture. From Jollof rice to communal eating, learn how over 250 ethnic groups shape a vibrant culinary landscape that defines social life.

Rice Price Drops in Lagos, Farmers Predict More Cuts

Lagos slashes rice price to N57,000 per 50kg bag, triggering market-wide reductions. Farmers forecast further price drops ahead of Christmas but criticize import policies. Read for full market analysis.

Dangote Slashes Petrol Price to N840/Litre for Christmas

Dangote Refinery reduces petrol ex-depot price to N840/litre, triggering competitive cuts among depot owners. The move follows NNPC's price adjustment and a global crude oil price crash to $60 per barrel. Read more on the festive season relief.

Nasarawa to harvest 1.2 million rice bags for Nigeria

Nasarawa State aims to harvest 1.2 million bags of rice from Jangwa and Agwatashi farms, with over 600,000 bags already collected. This initiative supports Nigeria's food security under Governor Abdullahi Sule's administration.

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.

Bitcoin Drops Below $90K: Market Analysis

Bitcoin value plunges 25% from October peak, falling below $90,000. Discover why investors are fleeing crypto amid trade war fears and Fed uncertainty. Stay informed!

Petrol Price Cut: NNPC Sells at N910 in Lagos

NNPC has reduced petrol prices across Nigeria, offering relief to motorists. Dangote Refinery clarifies the reason behind the price adjustment. Read for full details and state-by-state breakdown.

Bitcoin Drops 5% to $94,483 in Major Sell-Off

Bitcoin price crashes below $95,000, dropping 5% to a six-month low. Discover the key factors behind this crypto market plunge and what it means for Nigerian investors.

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.

FG Suspends 15% Fuel Import Duty, Price Crash Looms

The Nigerian government has suspended the controversial 15% import duty on petrol and diesel. Experts predict this decision will lead to a significant drop in fuel prices across Nigeria. Read more for full analysis.

Boeing to Pay $28.45M to Victim's Family in 737 MAX Crash

A US jury has ordered Boeing to pay $28.45 million to the family of an Indian victim of the 2019 Ethiopian Airlines crash. This is the first civil trial verdict over the fatal Boeing 737 MAX crashes. Read the full details.

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