The Presidency clarified that the suspension of import tariffs on certain food items is still under deliberation and no decision has been made yet. EKO HOT BLOG reports that the Presidency has clarified the confusion regarding the suspension of taxes, import duties, and tariffs for importing certain food items through land and sea borders, including maize, … Read more
Eko hot blog reports that In a recent announcement from Abuja, Maj Gen Paul Tarfa (rtd), Chairman of the Board of the Commission, revealed the NEDC’s plan to distribute a whopping 300,000 bags of rice along with other essentials. Editor’s pick: APC Honors Nigerian Women With Empowerment Drive Cyriel Dessers Opens Up About His Unconventional … Read more
Eko Hot Blog reports that the Nigerian Customs Service (NCS) has temporarily suspended the sales of seized food items across all the commands in the country over a stampede that claimed lives at NCS Old Zonal Headquarters in the Yaba area of Lagos State. The service disclosed the development in a statement signed by its … Read more
EKO HOT BLOG reports that Operatives of the Economic and Financial Crimes Commission (EFCC) investigating the alleged N585 million disbursement began questioning the suspended minister of humanitarian affairs and poverty alleviation, Betta Edu on Tuesday, January 9. She arrived at the headquarters of the EFCC in Jabi, Abuja, at 11am. EDITOR’S PICKS Bye-Election: Ani Emerges APC … Read more
EKO HOT BLOG reports that amid claims of Christmas and New Year rice handouts worth N200 million from President Bola Tinubu, discordant statements have emerged from within the Senate. While Adeyemi Adaramodu, Chairman of the Senate Committee on Media and Public Affairs, vehemently denied the claims, a Senate source confirmed the initiative, stating that deliveries are … Read more
EKO HOT BLOG reports that despite the surge in the cost of rice and the recent decision to lift the ban on foreign exchange for its imports, the Nigeria Customs Service has affirmed that rice remains a restricted commodity. Rice, a staple in the Nigerian diet, has experienced a notable increase in price despite local production … Read more
EKO HOT BLOG reports that the Osun State Government has beefed up security around storage facilities following reports of planned looting of palliatives kept in warehouses. The state had received 3,000 bags of rice from the Federal Government and is said to be awaiting 14,516 more bags of rice and 3200 MT of maize before … Read more
EKO HOT BLOG reports that the Nigeria Customs Service (NCS), Ogun Area 1 Command, said it seized over 2,000 bags of smuggled rice and generated N13,370,229 revenue in July. EDITOR’S PICKS BREAKING: Tinubu Appoints Special Investigator To Probe CBN BREAKING: ECOWAS Imposes No Flight Zone On Niger Republic Over Coup JUST IN: Nnamdi Kanu Meets … Read more
On Tuesday, rice produced from the Lagos State-owned 32-metric tonnes per hour Imota Rice Mill in Ikorodu hit the market with the listing of the commodity for trade on the Lagos Commodities and Futures Exchange (LCFE). This was followed by a formal launch of N5 billion Eko Rice Forward Contract Programme by Governor Babajide Sanwo-Olu … Read more
Eko Hot Blog reports that the Five Billion Series 1 of the 30 Billion Eko Rice Contracts Programme has launched on the Lagos Commodities and Futures Exchange (LCFE). The commodity was launched on the exchange at the UAC Building, Marina, on Wednesday, in the presence of Lagos State Governor, Babajide Sanwo-Olu, Deputy Governor Obafemi Hamzat, … Read more
President Muhammadu Buhari is in Lagos on a two-day working visit. The president inaugurated the Lagos Rice Mill in Imota, Lagos, which will reportedly create nearly 250,000 jobs. The president commended Governor Sanwo-Olu for his efforts in driving the growth of the agriculture sector. Eko Hot Blog reports that President Muhammadu Buhari on Monday commended … Read more
The NBS says the prices of tomato, rice, and others rose in September. Eko Hot Blog reports that the National Bureau of Statistics (NBS) said that the prices of selected food items increased in September. EDITOR’S PICKS Why CBN’s Naira Redesign Plan May Hurt Nigeria’s Currency – Moghalu Finance Ministry Opposes Emefiele’s Plan To Redesign … Read more
EDITOR’S PICK: Osinbajo and The Heritage of Failure (1) Nigeria’s Present Challenges Are Signs Of A Greatness -House Of Reps 2023: Osinbajo Reportedly Joins Presidential Race, Meets APC Govs Around a thousand years ago, the Japanese began utilizing fermented water from cooked rice to beautify their hair. The water is said to be beneficial to … Read more
The price of major staple food items surged in February 2022 amid petrol scarcity in Lagos State The price of a 200g carton of Noodles increased by 24.63% to sell for an average of N4,238 when compared to an initial average of N3,400 recorded in the previous month. Also, a big basket of tomatoes that … Read more
Customs Impounds Over 100 Trailers of Foreign Rice, Palm Oil, Others In Ogun EKO HOT BLOG reports that Nigeria Customs Service (NCS) said it impounded 101 trailers of foreign parboiled rice, among other contraband goods within the last 13 months. The Comptroller of Customs in charge of Ogun 1 Area Command, Dera Nnadi, disclosed this while … Read more
Court has jailed a man for stealing rice, spaghetti and drinks worth N4,560 in Osun state. EKO HOT BLOG reports that an Osun state Magistrate court sitting in Ile Ife has sentenced a 29-year-old labourer, ThankGod Paule to six months imprisonment for breaking in and stealing goods worth N4,560. He was convicted for stealing rice … Read more
“She was deceived that those boys were the man’s brothers…” EKOHOTBLOG reports that a retailer on Felicia Oke Street in the Olowora area of Lagos State, Olabisi Opeyemi, is smarting from the loss inflicted on her by a suspected thief who disguised as a customer to steal two bags of rice from her shop. … Read more
Customs operatives have intercept drugs, rice, others worth N1.2bn in Lagos State. EKOHOTBLOG reports that the operatives of the Nigeria Customs Service, Western Marine Command in Lagos, have seized contraband consisting of hard drugs, foreign rice and petrol worth N1.2bn. The Acting Customs Area Controller, Western Marine Command, Deputy Controller, Enonche Ochiba, … Read more
Governor of the Central Bank of Nigeria, Godwin Emefiele, says the price per bag of rice has reduced compared to the price it was sold last year during the COVID-19 lockdown in April 2020. He attributed the fall in price per 50kg bag of rice to the various intervention programmes of the apex bank. CBN … Read more
The Rice Processors Association of Nigeria (RPAN) is pushing for outright criminalisation of sale of foreign rice in the country, the association leadership has disclosed. To realise their objectives, the local processors have prevail on President Muhammadu Buhari to promulgate laws and policies that will make importation and the sale of foreign rice in the … Read more