Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Prices of rice, other commodities remain stable

17 December 2012, 09:30

Calabar - Prices of rice, groundnut oil and tomatoes have remained stable in Calabar, the Cross River capital, nine days to Christmas, a check by the News Agency of Nigeria (NAN) has shown.

NAN investigations in some markets in Calabar showed that a bag of rice still goes for between N8 000 and N10 500, depending on the type.

 A bag of Mama Africa remained at N10 500 and a bag of Stallion, N8 000.    

 Twenty litres of groundnut oil costs N4 800 and 10 Litres of groundnut oil, N2400.

Also, a carton of Gino tomatoes still sells at N1 300.

A rice dealer, Mr Ikechukwu Dike, told NAN that the prices of the products remained stable because transporters had not hiked fares.

"It is not time yet for prices to go up because transport costs have not increased.

"It is transportation that actually pushes up prices of commodities during Christmas," he said.

Dike also said that the manufacturing firms were still working, adding that prices could go up when manufacturing firms close for Christmas.

A consumer at Watt Market, Mrs Anita Usoro, told NAN that she had already began shopping for the festivities.

"This is the best time to shop if one has the money because you will get things cheaper now than to wait for the last day," she said.



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...