News

Ramadan: Why Prices Of Foodstuff Increase Daily – Wholesalers

Published

4 years ago

April 6, 2022

The prices of foodstuffs such as beans, maize, millet, and others have continued to rise in Kaduna.

Although, the Sultan of Sokoto, Alhaji Muhammad Abubakar III, on March 16, 2022, appealed to traders to avoid increasing prices of foodstuffs as Muslims’ month of fasting approaches, reminding traders to be wary of the day of judgment, and urged them not to increase the price at the detriment of consumers.

However, traders across Kaduna markets on Wednesday, said the price of their foodstuff is determined by the price quoted by the middlemen.

They agreed that this month is a holy month, where people share their love with one another, but it all depends on the size of the pocket, or the purchasing power.

According to Mrs Juliana Sandara, who sells both wholesale and retail, “sometimes, we buy from the middlemen, if we cannot get it from farmers. Middlemen also buy from farmers and sell directly to us. In this case, the price must increase not minding whether we are in the holy month or not.

“It’s well known for everyone in this country, that bandits do not allow farmers to go to their farms anymore.

“In this case, the little they farm, they reserve it for their families. It’s only when they are pressed so hard, would they take little to the market, or sell to the middlemen who are already their customers.”

“Now, the few commodities in the market are not chasing a large number of buyers. Here, the seller is like a king, who quote different prices,” she said.

Also, Hajia Mariam Na’Allah who sells yam, beans, garri, pepper, and millet said she reserves all she has in the shop for her family who is participating in Ramadan fasting.

“Prices of foodstuff keep increasing everyday. Wholesalers are afraid going to bush market to buy foodstuff because of bandits attack. Some Muslims brothers who sell, do not want to transact business, as they participate fully in this Ramadan fasting. Where do you want foodstuff to come from?” She asked.

A survey conducted by DAILY POST in Kakuri market on Wednesday showed that a muddle of rice goes between N850 naira against N750, while the same measure of garri goes between N600, instead of N350

Also, at Kawo market roadside (as the market is under construction), a ton of egusi goes for N500, instead of N300, while a tin of millet goes for N400, instead of N350.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

2 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

2 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

4 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.