Wednesday, April 14African Business News
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Tag: #EndSARS protests

Nigerians priced out of food market in Xmas

Nigerians priced out of food market in Xmas

Business
Less than a month to Christmas, Adaku Onyenucheya reports that most Nigerians might be unable to afford basic food items needed to have a fulfilled celebration.With prices of foodstuffs increasing by the day, Nigerians may face famine amid economic downturn. The Guardian investigation revealed that prices of foodstuffs have doubled, and in some cases tripled, as traders attribute the rise to effects of COVID-19 pandemic, #EndSARS protests, border closure, increase in petroleum motor spirit (PMS) and insecurity in the North. Traders said prices of foodstuffs, in line with tradition, are supposed to come down by now. They noted that what is happening is extremely unusual. The Guardian found that in the last two months, prices of foodstuffs such as rice, beans, garri, yam, tomatoes,...
Local rice supply threatened after massive looting of warehouses

Local rice supply threatened after massive looting of warehouses

Business
• Millers call for urgent intervention to avert scarcity Following the looting and destruction of warehouses across the country, including rice mills, Rice Millers Association of Nigeria (RIMAN) has raised concerns that the nation’s rice production is currently under threat and calls for urgent government intervention to forestall scarcity of the staple food in the market. The Guardian learnt that 29 rice mills were looted and vandalized across the nation, with RIMAN members estimated to have lost about N228 million worth milled and paddy rice, aside vandalized equipment and private property. RIMAN, in a statement made available to journalists in Abuja, and signed by its National President, Peter Dama, condemned the destruction, and looting carried out by miscreants in the nam...