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Report: Rice prices crash to ₦58,000/50kg in Nigeria
The price of a 50kg bag of rice in Nigeria has plummeted to as low as ₦58,000 in some regions, driven by a surge in rice imports through the Republic of Benin, according to a new report by S&P Global.
Sir: Nigeria’s indigenous rice varieties, including Ofada, Igbemo, Abakaliki, and Ekpoma rice, possess unique characteristics that make them valuable beyond local markets. While these varieties are ...
Nigeria’s indigenous rice varieties, including Ofada, Igbemo, Abakaliki, and Ekpoma rice, possess unique characteristics that make them valuable beyond local markets. While these varieties are ...
Foreign rice prices have crashed again in Nigeria following an oversupply in the international market An investigation shows that a 50kg parboiled foreign rice now sells for N65,000 from N93,000 in ...
The Nigerian Customs Service is reportedly struggling to contain the illegal flow, despite rice remaining Nigeria’s most smuggled commodity. According to the report, the West African parboiled rice ...
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