Current Prices of Commodities in Nigeria (March 2024)

Most casual stock market investors do not pay serious attention to the current prices of various commodities such as oil and basic foodstuffs for example. However, these current prices of food commodities in Nigeria can have a major effect on the value of the main stock and the overall market. Noting and following up on these prices help you keep a tab on the market, either s an investor or a regular buyer.

In this post, we will take a look at the prices of some basic commodities in Nigeria. Due to the very broad options available, we will limit our scope to the prices of commodities people buy on a daily basis. This includes foodstuffs and other basic commodities.


Prices of Food Commodities in Nigerian Markets

prices of food commodities in nigeria

 

For Prices of Rice in Nigeria >> Click HERE.

Prices of Beans in Nigeria

prices of commodities in nigeria beans

  • Drum beans (50kg bag) in Lagos State  == N30,000 – N38,000
  • Drum beans (50kg bag) in Borno  == N27,000 – N35,000
  • Drum beans (100kg bag) == N60,000 – N80,000
  • White beans (50kg bag) in Maiduguri == N22,000 – N30,000
  • White beans (100kg bag) == N44,000 – N60,000
  • White Beans (100kg) @ Mile 12, Lagos State == N36,000
  • White Beans (100kg) @ Bodija Market, Oyo State == N36,000
  • White Beans (100kg) @ Dawanau Market, Kano State == N35,000
  • White Beans (1 tier) @ Dawanau Market, Kano State == N560
  • White Beans (100kg) @ Igbudu Market, Delta State == N36,000
  • White Beans (1 Paint Bucket) @ Igbudu Market == N1,000
  • White Beans (100kg) @ Gombe Main Market == N36,000
  • White Beans (1 mudu) @ Gombe Main Market == N250
  • White Beans (100kg) @ Umuahia Main Market == N35,700
  • White Beans (1 paint bucket) @ Umuahia Market == N1,050
  • Oloyin (honey) beans (50kg bag) in Ibadan == N40,000 – N45,000
  • Oloyin (honey) beans (50kg bag) in Maiduguri == N28,000 – N42,500
  • Oloyin (honey) beans (100kg bag) == N75,000 – N90,000

Prices of Groundnut in Nigeria

prices of commodities in nigeria groundnut


  • 50kg bag of groundnuts == N40,000
  • 100kg bag of groundnuts == N80,000
  • 1 ton of groundnuts == N7,800,000 – N7,950,000
  • Groundnut (100kg) @ Bodija Market == N32,000
  • Groundnut (1 Congo) @ Bodija Market, Oyo State == N400
  • Groundnut (100kg) @ Dawanau Market, Kano State == N20,500
  • Groundnut (1 tier) @ Dawanau Market, Kano State == N520
  • Groundnut (100kg) @ Gboko Main Market, Benue == N27,000
  • Groundnut (1 mudu) @ Gboko Main Market, Benue == N200
  • Groundnut (100kg) @ Mile 12, Lagos State == N32,000
  • Groundnut (1 paint bucket) @ Mile 12 == N1,050
  • Groundnut (100kg) @ Igbudu Market, Delta State == N34,000
  • Groundnut (1 Paint Bucket) @ Igbudu Market == N1,300
  • Groundnut (100kg) @ Umuahia Main Market == N27,000
  • Groundnut (1 paint bucket) @ Umuahia Market == N1,200
  • Groundnut (100kg) @ Nkwo Nnewi Market, Enugu == N23,000
  • Groundnut (1 paint bucket) @ Nkwo Nnewi Market, Enugu == N950

NOTE: These are prices obtainable in Kaduna state, which is one of the largest groundnut-producing states in the country.

Prices of Maize in Nigeria

prices of commodities in nigeria maize

  • Maize (100kg) @ Bodija Market == N10,000
  • Maize (1 Congo) @ Bodija Market, Oyo State == N150
  • Maize (100kg) @ Dawanau Market, Kano State == N9,400
  • Maize (1 tier) @ Dawanau Market, Kano State == N230
  • Maize (100kg) @ Mile 12, Lagos State == N9,000
  • Maize (1 paint bucket) @ Mile 12 == N550
  • Maize (100kg) @ Nkwo New Market, Enugu == N16,500
  • Maize (1 paint bucket) @ Nkwo Nnewi Market, Enugu == N750
  • Maize (100kg) @ Umuahia Main Market == N11,000
  • Maize (1 paint bucket) @ Umuahia Market == N500
  • Maize (100kg) @ Gboko Main Market, Benue == N6,000
  • Maize (1 mudu) @ Gboko Main Market, Benue == N400
  • Maize (100kg) @ Igbudu Market, Delta State == N14,000
  • Maize (1 Paint Bucket) @ Igbudu Market == N550

Prices of Palm Oil in Nigeria

prices of commodities in nigeria palm oil

  • Palm Oil (25L) in Lagos == N20,000 – N35,000
  • Palm Oil (25L) in Port Harcourt, Rivers State == N24,000 – N35,000
  • Palm Oil (25L) in Ibadan, Oyo State == N22,000 – N35,000
  • Palm Oil (25L) in Owerri, Imo State == N24,000 – N36,500
  • Palm Oil (25L) in Abuja == N25,500 – N35,000
  • Palm Oil (25L) in Benin City, Edo State == N20,000 – N35,000

Prices of Rice in Nigeria

prices of commodities in nigeria rice


  • Rice (50kg) bag) price in Abuja == N35,000 – N45,000
  • Rice (50kg bag) price in Lagos == N35,000 – N45,000
  • Rice (50kg bag) price in Jos, Plateau State == N32,500 – N42,000
  • Rice (50kg bag) price in Ilorin, Kwara State == N30,000 – N40,000
  • Rice (50kg bag) price in Ibadan, Oyo State == N35,000 – N45,000
  • Rice (50kg bag) price in Port Harcourt, Rivers State == N36,500 – N46,500
  • Rice (25kg bag) price in Lagos == N17,000 – N23,000
  • Rice (25kg bag) price in Sokoto, Sokoto State == N15,000 – N20,000
  • Rice (100kg bag) price in Sokoto, Sokoto State == N60,000 – N70,000

Prices of Tomatoes in the Nigerian Market

prices of commodities in nigeria tomatoes

  • Tomatoes (40kg) @ Anchau Market, Kaduna == N20,000
  • Tomatoes (40kg) @ Umuahia Main Market, Abia == N33,000
  • Tomatoes (25kg) @ Mile 12 Market, Lagos == N30,000
  • Tomatoes (40kg) @ Ughelli Main Market, Delta == N35,000
  • Tomatoes (40kg) @ Gboko Main Market, Benue == N35,000

Prices of Soya Beans in Nigeria

prices of commodities in nigeria soya beans

  • Soya Beans (100kg) @ Bodija Market, Ibadan == N19,000
  • Soya Beans (100kg) @ Gboko Main Market, Benue == N15,000
  • Soya Beans (100kg) @ Dawanau Market, Kano == N13,000
  • Soya Beans (100kg) @ Igbudu Market, Delta == N20,000
  • Soya Beans (100kg) @ Gomez Main Market == N16,000
  • Soya Beans (100kg) @ Mile 12 Market, Lagos == N25,000
  • Soya Beans (100kg) @ Tella Market, Taraba == N11,000
  • Soya Beans (100kg) @ Nkwo Nnewi Market, Enugu == N12,500
  • Soya Beans (100kg) @ Umuahia Main Market, Abia == N19,000

Prices of Onions in Nigeria

prices of commodities in nigeria onions

  • Onions (100kg) @ Bodija Market, Ibadan == N60,000
  • Onions (100kg) @ Dawanau Market, Kano == N30,000
  • Onions (100kg) @ Gboko Market, Benue == N65,000
  • Onions (100kg) @ Plateau Main Market == N45,000
  • Onions (100kg) @ Igbudu Market, Delta ==  N50,000
  • Onions (100kg) @ Mile 12 Market, Lagos == N60,000
  • Onions (100kg) @ Nkwo Nnewi Market, Enugu == N45,000
  • Onions (100kg) @ Umuahia Main Market, Abia == N68,000

Prices of Sorghum in Nigeria

prices of commodities in nigeria sorghum


  • Sorghum (100kg) @ Maitagari Market, Jigawa == N30,000
  • Sorghum (100kg) @ Gboko Main Market, Benue == N32,000
  • Sorghum (100kg) @ Anchau Market, Kaduna == N32,000
  • Sorghum (50kg) @ Ninth Mile Market, Enugu == N24,000
  • Sorghum (50kg) @ Mile 12 Market, Lagos == N26,000
  • Sorghum (100kg) @ Ughelli Main Market, Delta == N35,000
  • Sorghum (100kg) @ Umuahia Main Market, Abia == N36,000

Prices of Cassava Products in the Nigerian Market

  • A bag of Yam Flour (Ungrinded): N75, 000- N160, 000
  • A paint bucket of Garri: N500- N900
  • A bag of Ijebu Gaari (100 kg) in Edo: N35, 000 – N40, 000
  • A bag of White Gaari (50 kg) in Lagos: N13, 000 – N15, 000
  • A bag of Yellow Gaari (50 kg) in Lagos: N14, 000 – N18,000
  • A bag of White Gaari (50 kg) in Abuja: N16, 500 – N20, 000
  • A bag of White Gaari (50 kg) in Oyo: N10, 000 – N15,000
  • A bag of White Gaari (50 kg) in Benue: N13, 000 – N18,000
  • A bag of Yellow Gaari (50 kg) in Benue: N15, 000 – N20,000
  • A bag of White Gaari (50 kg) in Port Harcourt: N15, 000 – N20,000

Prices of Yam in the Nigerian Market

  • Abuja Yam (Large) – N1700 – N3000
  • Abuja Yam (Medium) – N1100 – N2000
  • Regular Yam (Large) – N1800 – N2500
  • Regular Yam (Medium) – N1000 – N1700

Prices of Noodles in the Nigerian Market

  • Indomie Chicken (70g x 40ps) – N3, 650 – N4, 000
  • Indomie Onion (70g x 40ps) – N4, 000 – N5, 000
  • Indomie Superpack (120g x 40ps) – N5, 500- N6, 000
  • Indomie Hungry Man (200g x 24ps) – N6, 900- N10, 500
  • Indomie Belleful (305g x 16ps) – N8, 250- N12, 500
  • Chiki Noodles (100g x 40ps) – N4, 950- N5, 200
  • Golden Penny Noodles (70g x 40ps) – N3, 000 – N3, 500

Prices of Potato in the Nigerian Market

  • Sweet Potato (Quarter Bag) – N8,700 – N10,000
  • Sweet Potato (Small Basket): N1,500 – N2,000
  • Irish Potato (Big Basket) – N43, 200 – N45, 000
  • Irish Potato (1kg) – N625 – N800
  • Irish Potato (Small Basket) – N3,200 – N4,000

Prices of Spaghetti in the Nigerian Market

  • Spaghetti (Golden Penny 500g) – N350 – N450
  • Spaghetti (Dangote 500g) – N350 – N450
  • Spaghetti (Power 500g) – N400 – N500
  • Spaghetti (Bonita 500g) – N600 – N700

Prices of Beverages in the Nigerian Market

  • Powdered Peak Milk (Tin 400g) – N2, 300- N3, 000
  • Powdered Peak Milk (Tin 900g) – N3, 500- N4, 500
  • Powdered Peak Milk (Refill 500g) – N1700- N2, 000
  • Powdered Three Crown Milk (Refill 350g) – N1520- N1, 800
  • Powdered Loya Milk (Tin 400g) – N1,800 – N2, 500
  • Powdered Loya Milk (Refill 400g) – N1,520- N1,700
  • Milk Coast (Refill) 500g – N1,400 – N1,800
  • Milk Dano Powdered (Tin) 500g – N2000 – N2,500
  • Milk Dano Powdered (Tin) 900g – N4, 000- N4, 500
  • Milk Dano (Refill) 800g – N3300 – N4000
  • Cocoa Beverages Milo (Tin) 500g – N2, 000- N2, 800
  • Cocoa Beverages Milo (Tin) 900g – N3, 000 – N4, 000
  • Cocoa Beverages Milo Refill 500g – N1,500 – N2, 000
  • Cocoa Beverages Bournvita Refill 500g – N1.500 – N1,900
  • Cocoa Beverages Bournvita (Plastic) 500g – N2,000 – N2, 500
  • Cocoa Beverages Bournvita (Plastic) 900g – N2, 800-N4, 500
  • Cocoa Beverages Ovaltine (Refill) 400g – N1,800- N2,000
  • Cocoa Beverages Ovaltine (Tin) 1.2kg – N5,660- N6,000
  • Coffee Nescafe Gold Blend – N2, 650 – N5, 000
  • Coffee Nescafe Classic 50g – N955 – N1,800

PRICES LAST UPDATED: NOVEMBER 15, 2022.

Prices of commodities in Nigeria vary heavily with the location. For instance, general commodities are more expensive in big cities like Lagos, Port Harcourt, and Abuja. The list above indicates the prices of the commodities stated at the period of this article. It is always essential to confirm the prices of these commodities before buying as prices continue to change as the forces of demand and supply continue to interplay.

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