Current Prices of Commodities in Nigeria (May 2022)

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

For Prices of Rice in Nigeria >> Click HERE.

Prices of Beans in Nigeria

• Drum beans (50kg bag) in Lagos == N37,000 – N40,000
• Drum beans (50kg bag) in Maiduguri == N35,000 – N38,000
• Drum beans (100kg bag) in Lagos == N74,000 – N78,000
• White beans (100kg bag) in Sokoto == N60,000 – N65,000
• White beans (100kg bag) in Abuja == N60,000 – N64,000
• Oloyin (honey) beans (50kg bag) in Ibadan == N42,000 – N48,000
• Oloyin (honey) beans (50kg bag) in Maiduguri == N37,000 – N38,500
• Oloyin (honey) beans (100kg bag) in Jos == N80,000 – N84,000
• Flat oloyin beans (100kg bag) in Ibadan == N60,000 – N63,000

Prices of Groundnut in Nigeria

• 50kg bag of groundnuts == N30,000
• 100kg bag of groundnuts == N61,000
• 1 ton of groundnuts == N7,602,000

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

• Maize (100kg) @ Maitagari Market, Jigawa State == N9,000
• Maize (1 Tier) @ Maitagari Market, Jigawa State == N270
• Maize (100kg) @ Anchau Market, Kaduna State == N9,500
• Maize (1 tier) @ Anchau Market, Kaduna State == N250
• Maize (100kg) @ Gboko Main Market, Benue == N14,000
• Maize (1 mudu) @ Gboko Main Market, Benue == N400
• Maize (50kg) @ Mile 12, Lagos State == N13,500
• Maize (1 paint bucket) @ Mile 12 == N600
• Maize (100kg) @ Ninth Mile Market, Enugu State == N24,000
• Maize (1 Paint Bucket) @ Ninth Mile Market == N1,200
• Maize (100kg) @ Ughelli Main Market, Delta State == N15,000
• Maize (1 paint bucket) @ Ughelli Main Market == N600
• Maize (100kg) @ Umuahia Main Market, Abia State == N14,000
• Maize (1 paint bucket) @ Umuahia Main Market == N600

Prices of Palm Oil in Nigeria

• Palm Oil (25L) in Lagos == N20,000 – N25,000
• Palm Oil (25L) in Port Harcourt, Rivers State == N21,000 – N24,000
• Palm Oil (25L) in Ibadan, Oyo State == N18,000 – N22,000
• Palm Oil (25L) in Owerri, Imo State == N21,000 – N24,500
• Palm Oil (25L) in Abuja == N19,500 – N25,000
• Palm Oil (25L) in Benin City, Edo State == N17,000 – N20,000

Prices of Rice in Nigeria

• Rice (50kg) bag) price in Abuja == N23,000 – N25,000
• Rice (50kg bag) price in Lagos == N23,000 – N26,500
• Rice (50kg bag) price in Jos, Plateau State == N23,500 – N25,000
• Rice (50kg bag) price in Ilorin, Kwara State == N24,000 – N27,000
• Rice (50kg bag) price in Ibadan, Oyo State == N22,000 – N25,500
• Rice (50kg bag) price in Port Harcourt, Rivers State == N23,500 – N26,500
• Rice (25kg bag) price in Lagos == N13,000 – N14,000
• Rice (25kg bag) price in Sokoto, Sokoto State == N11,500 – N13,000
• Rice (100kg bag) price in Sokoto, Sokoto State == N44,000 – N47,000

Prices of Tomatoes in the Nigerian Market

• Tomatoes (40kg) @ Anchau Market, Kaduna == N5,000
• Tomatoes (40kg) @ Umuahia Main Market, Abia == N18,000
• Tomatoes (25kg) @ Mile 12 Market, Lagos == N9,500
• Tomatoes (40kg) @ Ughelli Main Market, Delta == N17,000
• Tomatoes (40kg) @ Gboko Main Market, Benue == N15,000

Prices of Soya Beans in Nigeria

• Soya Beans (100kg) @ Maitagari Market, Jigawa == N14,500
• Soya Beans (100kg) @ Gboko Main Market, Benue == N14,000
• Soya Beans (100kg) @ Anchau Market, Kaduna == N14,000
• Soya Beans (100kg) @ Ninth Mile Market, Enugu == N24,500
• Soya Beans (100kg) @ Mile 12 Market, Lagos == N27,000

Prices of Onions in Nigeria

• Onions (100kg) @ Bodija Market, Ibadan == N25,000
• Onions (100kg) @ Dawanau Market, Kano == N10,000
• Onions (100kg) @ Gboko Market, Benue == N27,000
• Onions (100kg) @ Gombe Main Market == N12,000
• Onions (100kg) @ Igbudu Market, Delta == N21,000
• Onions (100kg) @ Mile 12 Market, Lagos == N25,000
• Onions (100kg) @ Nkwo Nnewi Market, Enugu == N15,000
• Onions (100kg) @ Umuahia Main Market, Abia == N29,000

Prices of Sorghum in Nigeria

• Sorghum (100kg) @ Maitagari Market, Jigawa == N9,000
• Sorghum (100kg) @ Gboko Main Market, Benue == N8,500
• Sorghum (100kg) @ Anchau Market, Kaduna == N8,500
• Sorghum (50kg) @ Ninth Mile Market, Enugu == N23,000
• Sorghum (50kg) @ Mile 12 Market, Lagos == N17,000
• Sorghum (100kg) @ Ughelli Main Market, Delta == N23,000
• Sorghum (100kg) @ Umuahia Main Market, Abia == N23,000

Prices of Cassava Products in the Nigerian Market

• A bag of Yam Flour (Elubo): N63, 000- N69, 000
• A bag of Garri: N13, 000 – N17, 000
• A paint bucket of Garri: N650- N900
• A bag of Ijebu Gaari (80 kg): N10, 000 – N16, 000
• A bag of White Gaari (50 kg): N6, 000 – N12, 000
• A bag of Yellow Gaari (50 kg): N6, 000 – N8, 500

Prices of Yam in the Nigerian Market

• Abuja Yam (Large) – N700 – N900
• Abuja Yam (Medium) – N500 – N650
• Regular Yam (Large) – N500 – N800
• Regular Yam (Medium) – N350 – N500

Prices of Noodles in the Nigerian Market

• Indomie Chicken (70g x 40ps) – N1, 900 – N2, 200
• Indomie Onion (70g x 40ps) – N2, 100 – N2, 300
• Indomie Superpack (120g x 40ps) – N3, 300- N3, 500
• Indomie Hungry Man (200g x 24ps) – N4, 300- N4, 500
• Indomie Belleful (305g x 16ps) – N4, 300- N4, 500
• Chiki Noodles (100g x 40ps) – N3, 000- N3, 200
• Golden Penny Noodles (70g x 40ps) – N2, 100 – N2, 300

Prices of Potato in the Nigerian Market

• Sweet Potato (Big Basket) – N500 – N650
• Sweet Potato (Small Basket): N300 – N400
• Irish Potato (Big Basket) – N1, 900 – N2, 200
• Irish Potato (Medium Basket) – N1, 100 – N1, 300
• Irish Potato (Small Basket) – N500 – N700

Prices of Spaghetti in the Nigerian Market

• Spaghetti (Golden Penny 500g) – N200 – N250
• Spaghetti (Dangote 500g) – N200 – N250
• Spaghetti (Power 500g) – N200 – N250
• Spaghetti (Bonita 500g) – N250 – N300

Prices of Beverages in the Nigerian Market

• Powdered Peak Milk (Tin 400g) – N1, 150- N1, 300
• Powdered Peak Milk (Tin 900g) – N1, 850- N2, 200
• Powdered Peak Milk (Refill 500g) – N950- N1, 200
• Powdered Three Crown Milk (Refill 380g) – N800- N1, 000
• Powdered Loya Milk (Tin 400g) – N800 – N1, 000
• Powdered Loya Milk (Refill 400g) – N750- N900
• Milk Coast (Refill) 500g – N700 – N800
• Milk Dano Powdered (Tin) 500g – N900 – N1, 000
• Milk Dano Powdered (Tin) 900g – N1, 650- N1, 700
• Milk Dano (Refill) 500g – N800 – N, 1000
• Cocoa Beverages Milo (Tin) 500g – N1, 000- N1, 200
• Cocoa Beverages Milo (Tin) 900g – N1, 900 – N2, 000
• Cocoa Beverages Milo Refill 500g – N950 – N1, 000
• Cocoa Beverages Bournvita Refill 500g – N850 – N950
• Cocoa Beverages Bournvita (Plastic) 500g – N950 – N1, 000
• Cocoa Beverages Bournvita (Plastic) 900g – N1, 600-N1, 800
• Cocoa Beverages Ovaltine (Refill) 500g 850- N950
• Cocoa Beverages Ovaltine (Plastic) 500g – N900- N100
• Coffee Nescafe Gold Blend – N1, 600 – N1, 800
• Coffee Nescafe Classic 50g – N550 – N600

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 as 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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