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PRICE OF RICE
Despite a significant rise in food inflation, Nigerians get to sigh a breath of relief as the price of a 50kg bag of rice falls between 65,000 and 55,000 in most places in the country for the first time in months.
The price of a 50kg bag of foreign rice has surged to over N88,000 across major stores in Nigeria, 22.2% higher than the N72,000 recorded earlier in the month.
This report contains information on items that witnessed price increase, price decrease, as well as information on special markets and market insights.
Once again, the Nairametrics research team recently visited major markets across Lagos State to obtain the prices of household food items.
The price of a 50kg bag of rice will soon be reduced between N6,000 to N7,000. This revelation...