Current Prices of Commodities in Nigeria as at April 2022

Current Prices of Commodities in Nigeria as of April 2022

The Current Prices of Commodities
The Current Prices of Commodities

The present prices of various commodities, such as oil and basic foodstuffs, are mostly ignored by most casual stock market investors.

The current prices of food commodities in Nigeria keep fluctuating and going higher without coming down on a daily basis

On the other hand, could have a significant impact on the value of the primary stock and the broader market.

As an investor or a regular buyer, noting and following up on these prices might help you keep track of the fluctuating market prices.

Related Articles on Current Prices of Commodities in Nigeria

Current Prices of Commodities

We’ll look at the prices of some basic commodities in Nigeria in this post. We shall limit our focus to the pricing of commodities that people buy on a regular basis due to the vast array of options available.

Foodstuffs and other basic commodities are also included.

Prices of Food Commodities in Nigerian Markets

prices of commodities in nigeria beans

Prices of Beans in Nigeria: Current Price of Beans in Nigeria 2022

Beans are a frequent ingredient in Nigerian cuisine. The high rate of beans consumption in Nigeria makes the bean market worthwhile for both suppliers and buyers to investigate.

Beans are available in many different sizes, types/brands, and amounts. To determine the true price of beans, multiply the price by the quantity:

A hundred kilogram (100kg) bag of beans in Nigeria can cost anywhere between 18,000 to 37,000 Naira, depending on the market and area where it is purchased.

The latest recent prices in Nigeria for a 100kg bag of beans and a paint bucket of beans are listed below.

        Current Prices of Commodities in Nigeria
Beans Type Size Amount
Butter Beans 50kg ₦32,000 – ₦37,000
Butter Beans 25kg ₦16,500 – ₦18,500
Drum Beans 100kg ₦60,000 – ₦68,000
Drum Beans Paint bucket ₦800 – ₦1,300
White Beans 100kg ₦63,000 – ₦67,000
White Beans 50kg ₦31,000 – ₦34,500
White Beans Paint bucket ₦900 – ₦1,600
Butter White Beans 25kg ₦10,300 – ₦15,000
Cowpea Black Beans (Akidi)    – ₦2,000 – ₦2,800
Oloyin Beans 50kg ₦28,000 – ₦39,000
Oloyin Beans 25kg ₦14,500 – ₦20,000
Brown Beans 50kg ₦31,000 – ₦37,000
Best Markets to Buy Beans at Cheap Prices in Nigeria

Beans are reasonably priced in areas where they are farmed. Dealers can get low-cost, high-quality beans straight from the North, where they’re cultivated.

The following are some of Nigeria’s best and most popular markets for purchasing low-cost beans:

  • Kano State food markets
  • Kaduna State food markets
  • Sokoto State food markets
  • Jos State food markets
  • Jigawa State food markets
  • Zamfara State food markets
  • Bauchi State food markets
  • Kebbi State food markets
  • Plateau State food markets
  • Ninth Mile Market in Enugu State
  • Gboko Market in Benue State
  • Mile 12 Market in Lagos State
  • Ughelli Main Market in Delta State
  • Umuahia Main Market in Abia State.
    Interestingly, the price of beans in Nigeria in 2022 per 100kg bag and other quantities is based on the above data.
Prices of Groundnut in Nigeria: Current Prices of Commodities

prices of commodities in nigeria groundnut

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

NOTE: These are the prices available in Kaduna state, which is one of the country’s largest groundnut producers.

Prices of Maize in Nigeria: Current Prices of Commodities

prices of commodities in nigeria maize

  • Maize (100kg) @ Maitagari Market, Jigawa State == N9,000
  • Maize (1 Tier) @ Maitagari Market, Jigawa State == N270
  • The Maize (100kg) @ Anchau Market, Kaduna State == N9,500
  • Maize (1 tier) @ Anchau Market, Kaduna State == N250
  • Maize (100kg) @ Gboko Main Market, Benue == N14,000
  • The Maize (1 mudu) @ Gboko Main Market, Benue == N400
  • Maize (50kg) @ Mile 12, Lagos State == N13,500
  • Maize (1 paint bucket) @ Mile 12 == N600
  • The 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
  • The 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: Current Prices of Commodities

prices of commodities in nigeria palm oil

  • Palm Oil (25L) in Lagos == N20,000 – N25,000
  • Palm Oil (25L) in Port Harcourt, Rivers State == N21,000 – N24,000
  • The 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
  • The Palm Oil (25L) in Benin City, Edo State == N17,000 – N20,000
Prices of Rice in Nigeria: Current Prices of Commodities

prices of commodities in nigeria rice

  • Rice (50kg) bag) price in Abuja == N23,000 – N25,000
  • Rice (50kg bag) price in Lagos == N23,000 – N26,500
  • The 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
  • The 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
  • The Rice (100kg bag) price in Sokoto, Sokoto State == N44,000 – N47,000
Prices of Tomatoes in the Nigerian Market: Current Prices of Commodities

prices of commodities in nigeria tomatoes

  • Tomatoes (40kg) @ Anchau Market, Kaduna == N5,000
  • Tomatoes (40kg) @ Umuahia Main Market, Abia == N18,000
  • The 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: Current Prices of Commodities

prices of commodities in nigeria soya beans

  • Soya Beans (100kg) @ Maitagari Market, Jigawa == N14,500
  • Soya Beans (100kg) @ Gboko Main Market, Benue == N14,000
  • The 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: Current Prices of Commodities

prices of commodities in nigeria onions

  • Onions (100kg) @ Bodija Market, Ibadan == N25,000
  • Onions (100kg) @ Dawanau Market, Kano == N10,000
  • The onions (100kg) @ Gboko Market, Benue == N27,000
  • Onions (100kg) @ Gombe Main Market == N12,000
  • Onions (100kg) @ Igbudu Market, Delta == N21,000
  • The 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: Current Prices of Commodities

prices of commodities in nigeria sorghum

  • Sorghum (100kg) @ Maitagari Market, Jigawa == N9,000
  • Sorghum (100kg) @ Gboko Main Market, Benue == N8,500
  • The sorghum (100kg) @ Anchau Market, Kaduna == N8,500
  • Sorghum (50kg) @ Ninth Mile Market, Enugu == N23,000
  • Sorghum (50kg) @ Mile 12 Market, Lagos == N17,000
  • The 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
  • One 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
  • The 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
  • The 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
  • The 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
  • The 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
  • The powdered Loya Milk (Refill 400g) – N750- N900
  • Milk Coast (Refill) 500g – N700 – N800
  • Milk Dano Powdered (Tin) 500g – N900 – N1, 000
  • The 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
  • The cocoa Beverages Milo Refill 500g – N950 – N1, 000
  • Cocoa Beverages Bournvita Refill 500g – N850 – N950
  • Cocoa Beverages Bournvita (Plastic) 500g – N950 – N1, 000
  • The cocoa Beverages Bournvita (Plastic) 900g – N1, 600-N1, 800
  • Cocoa Beverages Ovaltine (Refill) 500g 850- N950
  • Cocoa Beverages Ovaltine (Plastic) 500g – N900- N100
  • The coffee Nescafe Gold Blend – N1, 600 – N1, 800
  • Coffee Nescafe Classic 50g – N550 – N600
Current Prices of Commodities the Bottom Line

Commodity prices in Nigeria vary greatly depending on where you go. In major cities like Lagos, Port Harcourt, and Abuja, for example, general commodities are more expensive.

The prices of the commodities shown in the table above were current at the time this article was written.

It is always necessary to validate the prices of various commodities before purchasing them, as prices fluctuate as demand and supply forces interact.

 

 

 

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