Thursday, November 29, 2018

Tag "rice"

    ‘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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    Report: Thailand ambassador says Audu Ogbeh’s claim is false

Report: Thailand ambassador says Audu Ogbeh’s claim is false

Wattana Kunwongse, ambassador of Thailand to Nigeria, has denied the claim of Audu Ogbeh, minister of agriculture, that rice mills are collapsing in the Asian country.On Friday, Ogbeh had claimed that Thailand said President Muhammadu Buhari’s policy on local rice sufficiency was responsible for the collapse of seven of its mills."Just like two weeks ago, the ambassador of Thailand came [...]

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    Kebbi ‘can deliver’ 50% of Nigeria’s rice needs

Kebbi ‘can deliver’ 50% of Nigeria’s rice needs

Kebbi can deliver 50 percent of Nigeria’s rice requirements with continuous support of the federal government’s anchor borrowers Pprogramme, according to Garba Dandiga, state commissioner for agriculture.Dandiga disclosed this while conducting a team of journalists on an inspection of the 50 km by 20 km FADAMA rice plantation in Suru.He said 16 local government areas were in serious rice production [...]

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    I sold rice and palm oil, arrested supreme court justice tells court

I sold rice and palm oil, arrested supreme court justice tells court

Sylvester Ngwuta, a justice of the supreme court, says the monies which operatives of the Department of State Services (DSS) found in his residence were proceeds of his palm oil and rice business.Ngwuta's home was raided by DSS operatives in October 2016.The DSS said it recovered the sums of N35,358,000; $319,596; £25,915; and €280.The justice is standing a 13-count charge [...]

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    Farmers ask FG to maintain ban on rice importation

Farmers ask FG to maintain ban on rice importation

Rice farmers have appealed to the federal government to maintain the ban on rice importation, saying this would boost local production.Jamilu Ibrahim, chairman of rice farmers in Daura, Katsina state, said this in an interview with NAN on Monday.He said maintaining the ban would protect farmers and boost local rice consumption in the country.He said the farmers would increase their production capacity [...]

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    Donation of rice an insult, Kogi youth blast senate

Donation of rice an insult, Kogi youth blast senate

The Kogi state chapter of the National Youth Council of Nigeria (NYCN) says the donation of over 1,000 bags of rice to the state civil servants is an insult. Responding to the action of the senate, Oladele Nihi, the council chairman, described the move as a political stunt.He asked the lawmakers not to play politics with the civil servants.The group wondered why the [...]

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    HURRAY! Rice to sell for N6,000 per bag

HURRAY! Rice to sell for N6,000 per bag

Aminu Goronyo, national president, Rice Farmers Association of Nigeria, says in the next few months, a 50kg bag of rice will be sold at the rate of N6000.Goronyo made this statement on Wednesday on the sidelines of a meeting between rice farmers, processors and Audu Ogbeh, minister of agriculture, at the ministry's headquarters in Abuja.He attributed the anticipated crash in [...]

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    FG donates 5,000 metric tons of rice to World Food Programme

FG donates 5,000 metric tons of rice to World Food Programme

The federal government of Nigeria has donated 5,000 metric tons of rice to the United Nations World Food Programme (WFP).According to WFP, this will help feed nearly half-a-million internally displaced people in the conflict-ravaged northeast of the country, where the threat of famine endures.WFP added that it had already begun moving the first batch of donated rice – and expects [...]

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    Anambra plans to start rice exportation by 2018

Anambra plans to start rice exportation by 2018

Jude Nwankwo, the acting programme manager of agricultural development programme (ADP), Anambra, says plans are underway to commence export of rice from the state in 2018.Nwankwo disclosed this in an interview with NAN on Sunday in Awka."By the grace of God, Anambra will commence rice export after our harvest this year," he said.He assured that the state will produce more [...]

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    Nigeria importing poison not rice, says Kebbi governor

Nigeria importing poison not rice, says Kebbi governor

Abubakar Bagudu, Kebbi state governor, has condemned the continuous importation of rice into the country, describing it as the importation of poison.Bagudu is the chairman, presidential task force on rice and wheat production.He told journalists on Sunday in Birnin-Kebbi that the imported rice, auctioned by different countries, was no longer good for human consumption.The chairman, who expressed regret over citizens’ [...]

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    CBN: 73,941 Kebbi farmers repay N7.1bn… 20 other states N1.2bn

CBN: 73,941 Kebbi farmers repay N7.1bn… 20 other states N1.2bn

The Central Bank of Nigeria (CBN) says farmers who accessed under its anchor borrowers’ programme (ABP) have commenced repayment of the multi-billion naira loan taken.Details of the loan disbursement and repayment obtained from the apex bank indicate that as at March 31, 2017 a total sum of N33.34 billion had been released through 12 participating finance institutions (PFIs) in respect of [...]

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    Akin Adesina: By 2021, Dangote will probably be the world’s largest exporter of rice

Akin Adesina: By 2021, Dangote will probably be the world’s largest exporter of rice

Akinwumi Adesina, president of the African Development Bank (AfDB), says Aliko Dangote, may become the largest exporter of rice in the world by 2021.Speaking at the Mo Ibrahim Forum in Morocco over the weekend, Adesina said Africa must focus on agriculture to drive growth and create jobs on the continent."I remember when I was minister of Agriculture in Nigeria. Aliko [...]

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    Fear grips Lagos rice sellers over customs’ raid on Ogun traders

Fear grips Lagos rice sellers over customs’ raid on Ogun traders

Rice sellers in Alaba Rago market in the Ojo local government area of Lagos state are currently panicking over the raid of a rice garage in Sango Ota, Ogun state, by operatives of the Nigeria Customs Service (NCS).Bags of rice and kegs of groundnut oil were seized by the customs officials who stormed the market on Tuesday night.But speaking with [...]

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Exchange Rates

November 27, 2018USDGBPEUR
INTERBANK306397354
LAGOS363475418
KANO364476420
PH364476420
ABUJA363478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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