• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

New Naira notes: Prices of essential foods drop in Daura central market

Naira

The Matters Press by The Matters Press
February 4, 2023
Reading Time: 1 min read
0
Nigeria, WFP worry over food situation

The price of essential food stuff has dropped in Daura central market due to the inaccessibility of the new Naira notes.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

A market survey on Thursday, reports that a sack of grains containing 40 bowl measures which was sold at N20,000 as at the end of 2022, now sells for N14,000 in Daura central market.

Malam Ibrahim Alolo, a trader at the market, blamed the price reduction on redesigning of the naira notes because consumers prefer to make a transfer rather than give cash.

He said that onions that was sold for N3,000 in December 2022, has dropped to N1,000 while a basket of tomatoes, which was sold at N3,000 in December 2022, has dropped to N400.

Also, Alhaji Yusuf Ibrahim, a trader, said that a 17-bowl measure of local rice which used to sell for N29,500 is now sold at N25,000, while a bag of maize containing 40-bowl measure which used to sell for N28,000 now sells for N16,000.

He said that the price could have been further reduced if more youths had ventured into agriculture and therefore, advised youngsters to go back to farming in order to permanently tackle food insecurity in the country.

He urged the Federal Government to rehabilitate rural roads to ease farmers’ stress in the transportation of farm produce to urban centres.

Reacting to the development, the Sarkin Noman Daura, Malam Nuradden Hassan, urged government to embark on measures that would boost food production in Katsina and Nigeria at large.

He expressed optimism that the prices of foodstuff would further drop in the coming month.

There had been a decrease also in the price of other items such as chickens, cooking oil, and red chili pepper, among others.

Tags: foodNaira
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Stable petrol supply excites Buhari

Reasons for Petrol scarcity

Emefiele resumes, set for first 2023 MPC

CBN seeks understanding on banknotes crunch, PoS charges

Recommended Stories

Ododo’s leadership promotes youth development –  Atta

Ododo’s leadership promotes youth development – Atta

June 13, 2024
Nigeria targets $1.2bn export capacity for every state

Nigeria exports 214 products in 2022 – NEPC

April 6, 2023
Food shortage: Nigeria bans foreigners from direct purchase of produce from farmers

Food prices rose in December 2023 – NBS

January 25, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us