Business Hilights

Tracking Nigeria's Headline Business News Online

Rice smuggling

Fears for Rice plantations as ‘Strange’ diseases hit Kebbi onion farms

Just as the leadership of National Association of Onions Farmers (NAOF), in Kebbi State, has announced loss of over N1 billion worth of onions to two strange diseases affecting farms and storage facilities in the state, experts have started raising…

80% of rice consumed in Nigeria still smuggled form land, creek borders—Investigations

Contrary to claims by the Nigerian Customs Services (NCS) that it has fought rice smuggling to standstill at land borders, investigations have shown that up till now, over 80 per cent of rice consumed in Nigerian cities especially Lagos is…

Customs: If no rice ship called Apapa port in two years, why are markets saturated?

The recent revelation by the Apapa Area Command of the Nigeria Customs Service (NCS) that no single vessel of traded rice has berthed in Apapa port in the last two years has raised an issue of urgent national importance plus…

Local rice production still weak with deep domestic demand, supply gap—LCCI

Leading industrialist and Director General of Lagos Chamber of Commerce and Industry (LCCI), Mr. Muda Yusuf has picked hole on the announced plan to shut land borders as a drive to end rice smuggling, saying “One big issue is the…

Rice smuggling up on land borders as 15 Nigeria-bound vessels berth in Cotonou

Investigations carried out by Business Hilights Intelligence Unit (BHIU) within the first three weeks in 2018 have shown very marginal reduction in the volume of Rice smuggling along Nigerian borders. Details of analysis show that high net worth rice smuggling…