6 articles tagged
A significant portion of Nigeria's rice processing industry is on the brink of collapse, with nearly 90 out of over 150 rice mills ceasing operations due to intense competition from imports and smuggling, leading to price instability. Remaining mills operate at reduced capacity.
The holy month of Ramadan has become a crucial period for both charity and commerce in Nigeria, with philanthropic efforts to feed the fasting Muslim population also providing a significant economic boost to local small-scale food vendors and petty traders.
The Economic Community of West African States (ECOWAS) has raised alarms about the potential economic consequences stemming from the escalating conflict in the Gulf region, which could exacerbate inflation and affect food security in West Africa.
Farmers and grain merchants across Nigeria are suffering due to slumping prices for agricultural products. A notable merchant shares insights on how the market has shifted dramatically, with severe implications for both buyers and sellers.
A devastating fire at Singer Market in Kano has resulted in significant property damage, wiping out goods worth billions of naira. The blaze began in the early hours of Tuesday and has affected numerous traders.
The Commissioner for Information in Anambra, Law Mefoh, has revealed that the state incurs a loss of approximately N8 billion every Monday as a result of the ongoing sit-at-home orders. This was discussed during an interview on Channels Television, emphasizing the broader economic impact on the state.
