Tag "rice"

    Five Nigerian foods that can help your toddler gain weight

Five Nigerian foods that can help your toddler gain weight

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    INFOGRAPHICS: Thailand’s rice export to Nigeria’s neighbours drops

INFOGRAPHICS: Thailand’s rice export to Nigeria’s neighbours drops

Rice export from Thailand to countries that share borders with Nigeria has recorded a decline from 2018 levels.TheCable's analysis of the data provided on the Thai Rice Exporters Association website shows that Cameroon is the only exception.Closure of Nigeria's land borders might have contributed to this drop because of previous unbridled rice smuggling into the country.Nigeria's rice importation from the [...]

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    Rice will be cheaper before Christmas, says Kebbi governor

Rice will be cheaper before Christmas, says Kebbi governor

The National Food Security Council (NFSC), chaired by President Muhammadu Buhari, says it will make rice available before Christmas.Atiku Bagudu, governor of Kebbi and the deputy chairman of the council, told NAN in Makkah, Saudi Arabia, that the council is aware of the current high prices of rice.According to the governor, the government is also aware of the activities of [...]

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    Farmers: Borders should remain closed, we can produce enough rice to feed Nigerians

Farmers: Borders should remain closed, we can produce enough rice to feed Nigerians

Gombe state chapter of Rice Farmers Association of Nigeria (RIFAN) says farmers in the country can produce enough rice to feed Nigerians and to export.Kalagar Lubo, state secretary of RIFAN, said the rain in October will increase the yield of rice farmers to meet local need.Speaking with the PUNCH on Tuesday, he said the border closure is a positive development [...]

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    Customs seizes 34 containers of expired rice at Tin Can port

Customs seizes 34 containers of expired rice at Tin Can port

The Nigeria Customs Service (NCS) says it intercepted 34 containers of expired rice smuggled through the Tin Can Island Port, Lagos.Hameed Ali, comptroller-general of customs, who announced the development on Tuesday, said some of the bags of rice are expired while some are close to the expiry date.The seizure was made four days after the service intercepted 25 containers of [...]

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    Emefiele: Borders to remain closed until neighbouring countries meet conditions

Emefiele: Borders to remain closed until neighbouring countries meet conditions

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the nation's land borders will remain closed until neighbouring countries meet the requirements for it to be reopened. Emefiele said this on Monday while speaking to journalists after a meeting with President Muhammadu Buhari in Abuja.The federal government had closed the country's land borders to importing and exporting of all [...]

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    Nigerians shall not live on rice alone 

Nigerians shall not live on rice alone 

President Muhammadu Buhari’s ‘’rice revolution’’ is laudable. Before the ‘’crop rebellion’’, Nigeria spent about $1.65 billion annually importing rice from Thailand and India. But the country is not yet home and dry in food production.In December 2018, Godwin Emefiele, governor of Central Bank of Nigeria (CBN), said as of 2015, the country’s food import bill was $7.9 billion, but that [...]

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    Rice smuggling: Court orders interim freezing of 45 bank accounts linked to 3 companies

Rice smuggling: Court orders interim freezing of 45 bank accounts linked to 3 companies

A federal high court in Abuja, on Monday, ordered the temporary freezing of 45 bank accounts belonging to three companies allegedly involved in smuggling of rice into Nigeria.The companies, whose accounts were domiciled with 10 commercial banks, are Sun Sam A1 International Limited, Sun Sam International Limited and Sunchrist O. Trans Nigeria Limited.Ahmed Mohammed, the judge, directed the head offices [...]

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    Border closure: CBN asks farmers not to increase price of rice

Border closure: CBN asks farmers not to increase price of rice

The Central Bank of Nigeria (CBN) has asked rice farmers in the country not to increase the price of the product as a result of the border closure.In a statement in Abuja on Monday, Godwin Emefiele, CBN governor, urged members of the Rice Millers Association of Nigeria (RIMAN) and other stakeholders in the value chain not to hoard rice.The [...]

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    Garlic, honey, rice… 11 Foods you don’t need to store in your fridge

Garlic, honey, rice… 11 Foods you don’t need to store in your fridge

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    Fact checking Audu’s claim and proffering solutions to rice importation

Fact checking Audu’s claim and proffering solutions to rice importation

BY JOSEPH OLAOLUWARice is more than just a staple in Nigeria. It is prestige, a symbol of higher living and a proof of grand standing amongst Nigeria’s elite. This phenomenon is better explained why prices of rice bags spike when festivities are slowly showing up. The most coveted jollof rice is the most sought after type of food at weddings, [...]

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    Farmers support Buhari’s reelection with N1.77bn

Farmers support Buhari’s reelection with N1.77bn

The Rice Farmers Association of Nigeria (RIFAN) and Fertilizers Producers and Suppliers Association of Nigeria (FEPSAN) have donated N1.77 billion to fund the re-election campaign of President Muhammadu BuhariThe associations disclosed this during a gala night organised by beneficiaries of the federal government’s anchor borrowers programme, at the state house conference centre, Abuja.Aminu Goronyo, RIFAN president, said with a membership [...]

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    ‘It’s fake news’ — Emefiele responds to claims on Nigeria’s rice imports

‘It’s fake news’ — Emefiele responds to claims on Nigeria’s rice imports

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says it is fake news that Nigeria's rice import has increased by 400,000 tonnes.In a report last week, the CBN governor said he read that a United States agency said Nigeria's rice imports had increased by 400,000 tonnes in 2018.The governor dismissed the report as "false and fake news".A week [...]

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    Flooding: Ogbeh says there might be rice shortage in 2019

Flooding: Ogbeh says there might be rice shortage in 2019

Audu Ogbeh, minister of agriculture and rural development, the country may experience rice shortage if appropriate measures are not taken to replant after the recent flood.NAN reports that Ogbeh made this statement in Abuja on Thursday at the inauguration of National Agricultural Seed Council (NASC) Molecular Facility and the 2018 seed fair and Farmer’s field day.He said that the flood [...]

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    PDP asks Ogbeh to resign over rice claim

PDP asks Ogbeh to resign over rice claim

The Peoples Democratic Party (PDP) has asked Audu Ogbeh, minister of agriculture, to immediately toe the path of honour and resign for "portraying Nigeria as a lying nation" and bringing the country to "international opprobrium by deliberately falsifying claims relating to Nigeria’s relationship with Thailand".The party said the whole world was shocked when Wattana Kuwongse, ambassador of Thailand to Nigeria, [...]

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    Daura farmers ‘get N412m worth of assistance’ from CBN

Daura farmers ‘get N412m worth of assistance’ from CBN

About 1,500 rice farmers in Daura, Katsina state, have received various farming implements under the phase 11 of the Central Bank of Nigeria (CBN) anchor borrowers scheme.Nura Baure, chairman, Daura chapter of the Rice Farmers Association of Nigeria (RIFAN),  disclosed this during the distribution of farming implements to registered farmers on Thursday.Daura is the hometown of President Muhammadu Buhari.According to [...]

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Exchange Rates

November 06, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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