Economy
Full List As Prices Of Onions, Beans, Others Crash In FCT Markets, Environs
Full List As Prices Of Onions, Beans, Others Crash In FCT Markets, Environs
Full List as prices of onions, beans, others crash in FCT markets, environs. Correspondents who visited various markets in FCT and its environs reported that the prices vary depending on the market and its location.
Prices of food items are gradually dropping in the Federal Capital Territory (FCT) markets and environs, a News Agency of Nigeria (NAN) survey reveals.
Correspondents who visited various markets in FCT and its environs reported that the prices vary depending on the market and its location.
Food prices tend to be higher in markets in the city centres than those in the satellite towns.
At the Kado market, a 50kg bag of rice, which sold between N97,000 and N100,000 in January, is now being sold for N87,000, while a 25kg bag formally sold between N45,000 and N50,000 was now being sold for N43,500 depending on the brand.
In Garki market located at the city centre, a bag of 50 kg rice was now being sold between N81,000 to N83,000 as against N92,000 in January, while a 25kg bag now sells for between N42,000 and N43,000 as against N45,000 sold in January.
In Nyanya market, located in the satellite town, a 50 kg bag of rice was formally sold between N90,000 and N93,000 in January, and it was now being sold between N70,000 and N83,000, depending on the brand.
A 50 kg bag of rice sold for N105,000 at Apo fish market had crashed to N93,000.
At the popular Orange market on the Abuja-Keffi expressway, a bag of onions sold between N90,000 and N100,000 as of January was now being sold between N50,000 and N55,000.
In Garki market, a bag of onions sold between N180,000 and N200,000 as of January now goes for between N55,000 and N60,000.
In Karu market, located in FCT satellite town, a bag of Bendel (yellow) garri was sold at N55,000 against N57,000 to N60,000 in January.
For red oil, a 25-litre keg sold between N75,000 and N83,000 in January was sold between N55,000 and N50,000 in the Nyanya market.
In Apo fish market, a 25-litre Terra groundnut oil formerly sold for N88,000 now goes for N84,000.
A four-litre keg of groundnut oil was now being sold for N15,500, which was against its former price of between N17,500 and N20,000, depending on the brand.
Also, a big bag of white beans initially sold between N200,000 and N150,000 now sells between N115,000 and N120,000 at Kado market.
A module of white beans formally sold between N2,100 and N2,300 in January was sold between N1,700 and N1,800, respectively.
At Orozo market, a module of brown beans formally sold between N2,200 and N2,800 was now sold for between N1,800 and N2,000.
However, food items like yams, pepper, combo and plantain had increased compared to their prices in January.
At the Wuse market, five pieces of medium-sized yams sold between N8,000 and N10,000 were now being sold for N15,000.

FCT Markets
At Lugbe and Orozo markets, the same size of yams formally sold for between N6,000 and N7,000 were now sold for N10,000.
Also, a bunch of plantain sold for N6,000 was now being sold for between N8,000 and N9,000.
A big bag of pepper was now being sold for N73,000 as against N31,000 in January.
A big basket of shombo was sold at N36,000 against N30,000 in January.
Amina Suleiman, a mother of four, said that although prices of some food items in the market were dropping, the decrease was insignificant.
“The government needs to do more in the area of security to enable farmers to farm more, improve infrastructure and ensure incentives to farmers.
“All these will reduce the cost of production and, in turn, further reduce the cost of food prices for the good of all Nigerians,” Ms Suleiman said.
Albert Okoro, a rice wholesaler in the Garki market, attributed the price drop to the slight reduction in fuel prices.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.
The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.
Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.
He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.
“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly
“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”
Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.
Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.
He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.
Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.
Crime
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, February 3, 2026 arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.
Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC
Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.
The suspect will be charged to court upon conclusion of investigations.
Dele Oyewale
Head, Media & Publicity
February 3, 2026
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.
Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.
Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.
Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.
She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

Access Bank Gets New Board Chair Ifeyinwa Osime
Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.
“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”
Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.
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