Babatunde Junaid

Nigerian Rice Industry Crumbles as Imports Hit N51bn

Nigerian Rice Industry Crumbles as Imports Hit N51bn

Nigeria spent N51 billion ($34.4 million) on foreign rice in 2024, signaling a sharp reversal of the self-sufficiency gains claimed by the previous administration. Data from UN Comtrade confirms that local rice has become uncompetitive against cheaper imports. High production costs and expensive energy are pricing Nigerian farmers out of their own market. President Bola…

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Middle East: Flight Fares Soar as War Traps Thousands

Middle East: Flight Fares Soar as War Traps Thousands

A desperate exodus is underway across the Middle East as the United States-Israeli conflict with Iran grounded commercial aviation. Tens of thousands of travellers are stranded following the cancellation of over 23,000 flights since Saturday. Airspace closures have funneled the remaining traffic through a few strained hubs in Dubai, Riyadh, and Muscat. Panic is rising…

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