The announcement by the Central Bank of Nigeria to redesign the major denominations of the country’s currency, the naira, triggered a rush for grains by people with large amounts of cash.
The prices of maize, rice, soybeans, millet and others across the different grains markets hit the roof, creating panic in the country.
Our correspondents across the states yesterday, however, reported that prices are now coming down, easing the tension in the value chain industries. In Kano State, our correspondent said the prices of grains in Dawanau International Grains Market were reported as going down.
