News
Coffee prices double in Nigeria after global supply disruptions
Coffee prices double in Nigeria after global supply disruptions
Nigeria is feeling the impact of the global coffee crisis as futures prices surge by over 30% due to severe supply disruptions caused by drought in Brazil, the world’s largest Arabica coffee producer.
In Nigeria, coffee prices have doubled in 2024, with popular brands like Nescafe and TopCafe experiencing significant hikes.
For instance, “Nescafe 3 in 1” spiked to N34,000 per carton in August, up from N28,000 in May, and a steep rise from N18,000 last year.
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The rainfall shortage in Brazil, which began in April, has led to a sharp decline in coffee production, sparking a global rush to secure supplies.
This has driven up coffee futures, with U.S. Coffee Futures and Arabica Futures both soaring by more than 30% in 2024, impacting markets worldwide, including Nigeria.
Coffee prices double in Nigeria after global supply disruptions
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Community
Monarch Dies Shortly After Being Rescued From Kwara Kidnappers
The Onigbesi of Igbesi Land in Kwara State, Oba Moses Oyinloye Iwedunmoye I, has died days after he was rescued from kidnappers.
The monarch passed away in the early hours of Saturday at a hospital, according to his son, Prince Olasunkanmi, who said his father had been receiving treatment following a brief illness.
“Yes, the news is true. He died after a brief illness following his release. We took him to the hospital, hoping he would survive, but he died there very early this morning,” Olasunkanmi said.
Oba Iwedunmoye was abducted on August 22 when armed men invaded Igbesi community in Isin Local Government Area.
He regained his freedom five days later after security forces launched an operation around the Elerin/Ijomu-Oro area, where three kidnapped victims were found.
The rescue followed a report received at the Oro Police Station from a vigilante member, who alerted authorities after one of his colleagues was shot while operating in the bush.
A combined team of police officers, soldiers and vigilantes was subsequently deployed to the area.
Police said the suspected kidnappers engaged the team in a gun battle after spotting the advancing operatives. One alleged kidnapper was killed during the exchange, while others escaped into the surrounding area.
The security team continued the search and eventually located the three victims, who were evacuated for medical treatment.
News of the monarch’s death was announced by Bisi Fakayode, National President of Omo Ibile Igbomina, who mourned the traditional ruler and prayed for the repose of his soul.
The circumstances surrounding the monarch’s illness and death have not been publicly disclosed beyond his family’s account that he fell ill after his release.
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News
Police Arrest Woman Over Alleged Drug Trafficking in Delta
Police Arrest Woman Over Alleged Drug Trafficking in Delta
A 40-year-old woman, Joy Anthony, has been arrested by the Delta State Police Command over alleged involvement in the illegal drug trade.
Police said operatives attached to the Special Anti-Kidnapping Unit carried out the arrest in Agbor, Ika South Local Government Area, following intelligence received about suspected drug-related activities.
According to the command’s spokesperson, Bright Edafe, officers subsequently obtained and executed a search warrant at Anthony’s residence in Agbor-Obi.
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The search reportedly resulted in the recovery of several suspected illicit substances, including tramadol, codeine, swinol, Canadian loud and weeds suspected to be Indian hemp.
The suspect and the recovered exhibits have been taken into police custody as investigators continue to establish the circumstances surrounding the alleged offence.
Edafe said Anthony would be prosecuted after the investigation is completed.
Police have not disclosed the exact quantities of the substances recovered.
Police Arrest Woman Over Alleged Drug Trafficking in Delta
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News
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