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Vanguard News Local Rice: Hoarders sabotaging price affordability — stakeholders On By Jimoh Babatunde & Gabriel Ewepu John Osagie, a driver  with a blue chip company in Lagos, was in a jubilative mood when he learnt that President Muhammed Buhari has approved the immediate reopening of four of the nation’s major land borders. His joy is based on the fact that the price of rice will come down as he claimed that the price of local rice is going beyond the reach of the average Nigerian. Unknown to him and others who are jubilating that the borders have been reopened is that the ban on the...

Yuletide: Prices of local rice, tomatoes drop in Enugu On File: Tomato sellers Barely five days to Christmas, prices of foodstuff, particularly local rice and tomatoes, have dropped slightly in major markets in the Enugu metropolis, the News Agency of Nigeria (NAN) reports. A survey conducted by NAN on Saturday showed that the prices of stoned and de-stoned local rice and tomatoes dropped when compared with October prices. A 50-kilogramme bag of de-stoned local rice sells between N24, 000 and N26,000 as against N26,500 and N28,000, depending on the brand sold two months ago. Also, a 25 kilog...