Rice hits N10,000 per 50kg bag at Lagos market

The price of a 50-kilogramme bag of imported rice hits N10,000 at the Mile 12 market in Lagos, for the week ending Friday, Nov. 21.

This is contained in the commodity index made available  by Novus Agro Nigeria Ltd in Lagos on Friday.

The index showed that one bag of the commodity sold for N9,167 last week, recording a N833 increase.

Meanwhile, there is reduction in the prices of the 60kg bag of white garri, 100kg bag of maize and 100kg bag of onion, against the preceding week prices.

A 60kg bag of garri, which cost

Samsung laptops to be pulled from sale in Europe

Samsung has announced that it is ending sales of its laptop computers in Europe.

The move includes its Chromebook model, which had previously been one of the category's best-sellers.

The South Korean company's decision follows Sony's announcement earlier this year that it was selling its Vaio division and pulling out of PC sales altogether.

However, other firms have recently reported growth in the sector.

Samsung signalled it might consider similar action in other parts of the globe.

"We quickly adapt to market needs and demands," said the company in a statement.

"In Europe, we will be discontinuing sales of laptops including Chromebooks for now.

"This is specific to the region - and is not necessarily reflective of conditions in other markets.

"We will continue to thoroughly evaluate market conditions and will make further adjustments to maintain our competitiveness in emerging PC categories."

Market analysis firm IDC has predicted that portable PC sales will grow by