Current Prices of Commodities in Nigeria as at April 2022

April 6, 2022 Odiraa

Current Prices of Commodities in Nigeria as of April 2022

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

Table of Contents

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 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

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

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

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

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

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

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

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

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.