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The Nigeria Customs Service intercepted 15,212 bags of smuggled foreign rice valued at 907.78 million naira during the first quarter of 2026. Data from the Enforcement Investigation and Inspection Department reveals an intensified regulatory clampdown across critical border entry points. Contraband traders continue to exploit porous boundary lines to bypass federal import restrictions and trade…
Every cup of coffee, cotton shirt and loaf of bread carries an invisible cost: the billions of litres of freshwater consumed in their making, long before they reach any shelf or table. A new World Bank report has placed this hidden burden at the centre of the global trade conversation, warning that the world…
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…
