<< Back             Poser >> Price of 50kg local rice rises 20.5% to N112,000 —NBS By Elizabeth Adegbesan THE National Bureau of Statistics, NBS, said the average price of 50kg local rice (short grains) rose by 20.5 percent in March 2026 to N112,000 from N92,946 in February 2026. NBS disclosed this yesterday in its Selected Food Price watch report for March 2026. However, recent findings by Vanguard showed that the price of 50kg local rice short grain averages N60,000, at the backdrop of recent price increases. The NBS report also showed that the price of 50kg foreign rice grew by 3.06 percent to N133,975 in March from N110,589 in February. NBS noted that some selected food items also recorded an increase in price during the review period. “The Selected Food Price Watch report for March 2026 shows that the average price of Eggs (a crate of 30 pieces) on a month-on-month basis, increased by 2.0 percent compared to February 2026. Similarly, the average price of Beans brown (1kg) was N1,325.85 in March 2026. This item increased by 1.41 percent from N1,307.44 in February 2026. “In the same period, the average price of Garri white sold loose (1kg) grew by 1.38 percent to N801.54 in March 2026 compared with February 2026. Likewise, the average price of onion bulb (1kg) on a month-on-month increase 1.59 percent to N1,153.14 in March 2026 from the price in February 2026. “The average price of ginger fresh (1kg) stood at N5,541.25, which represents an increase of 0.61 percent month-on-month.” The Bureau said that in March 2026 Taraba State recorded the highest average price for eggs (a crate of 30 pieces) at N6,999, while Niger State reported the lowest average price at N5,610.04. “For Beans brown (1kg), Oyo State recorded the highest average price at N1,937.20, whereas Taraba State had the lowest at N745. In the case of Garri white (1kg), Abia State recorded the highest average price at N1,075.45, while Plateau State recorded the lowest at N513.78. “Similarly, the average price of onion bulb (1kg) was highest in Abia State at N2,115.67, while Kwara State recorded the lowest average price at N829.9”, NBS added. Vanguard Business News	Nigeria’s economic recalibration good for business — Jumia CEO By Etop Ekanem  Chief Executive Officer of Jumia Group, Francis Dufay, has offered a perspective that placed Nigeria not at the margins of risk, but at the centre of reform, growth and stability. Speaking during a panel on emerging markets, at the Sohn Conference in New York, Dufay described the period between 2021 and 2024 as […] Dangote Refinery reduces petrol price to N1,250/litre Dangote Refinery has reduced the gantry price of petrol, to N1,250 per litre from N1,275 per litre, representing a two per cent decrease. Over 100 imported vegetable oil brands dominating local market despite ban — Ikoro ….Accuses Customs, NAFDAC, SON of enforcement failure By Cynthia Alo Despite the retention of vegetable oil on the Federal Government’s prohibition list under the 2026 fiscal policy measures, the National Chairman of the Vegetable/Edible Oil Producers Association of Nigeria (VEOPAN), Okey Ikoro, said the local market is still dominated by more than 100 imported oil brands, […] India turns to Nigeria, other African countries for Soybeans By Cynthia Alo, with Agency report India has turned to Nigeria and other African countries for soybean imports after soaring domestic prices forced Indian traders to cancel soymeal export contracts for the first time since 2021. According to a Reuters report, Indian traders cancelled about 25,000 metric tons of soymeal export contracts and secured about 80,000 […]  ITAS implementation will not introduce new taxes – GRA assures businesses  Mr Anthony Kwasi Sarpong The Commissioner-General of the Ghana Revenue Authority (GRA), has assured the business community that the introduction of the Integrated Tax Administration System (ITAS) will not lead to the imposition of new taxes. CBN unveils new FX guidelines, approves cash movement of $50,000 By Emma Ujah,  Abuja Bureau Chief The Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange Guidelines which provides that an individual can move cash of up to $50,000, but must be declared at the point of exit. The bank also retained the earlier provision for the movement or import of cash of up to […]