The price of a 50kg bag of rice has dropped to as low as ₦58,000 in parts of Nigeria, particularly around border communities, amid increased imports through the Republic of Benin, a new report by S&P ...

Meanwhile, DAILY POST observed that the price of 50 kg of rice is between N81,000 ... with 159 cases involving 135,474 bags valued at N939,309,698.00. Petroleum products followed with 61 seizures ...

For the second season, this has increased global stockpiles, forcing rice prices to their lowest in 15 years. Findings show that a 50kg bag of foreign parboiled rice has crashed to N65,000 from ...