As of mid-February 2025, Nigeria continues to grapple with escalating food prices, significantly impacting household budgets and food security nationwide. Staple commodities such as rice, beans, and tomatoes have experienced notable price hikes, exacerbating the economic strain on citizens. Rice Prices The cost of rice has surged dramatically. By the end of 2024, a 50-kilogram … Read more
As of February 7, 2025, Nigeria continues to grapple with significant increases in food prices, affecting essential commodities such as rice, beans, and tomatoes. These surges are attributed to a combination of economic challenges, including high inflation rates, currency devaluation, and disruptions in agricultural production due to security concerns and adverse weather conditions. Current Prices … Read more
As of January 31, 2025, Nigeria continues to experience significant increases in the prices of staple food items, a trend that has been escalating over the past year. Below is an overview of the current prices for key commodities: Rice: A 50kg bag of rice is currently selling between ₦78,000 and ₦96,000, depending on the … Read more
As Nigerians gear up for the festive season, the joy of Christmas celebrations is mixed with cautious optimism about a possible reduction in the soaring prices of foodstuffs. This year has seen significant hikes in the cost of staple foods, driven by inflation, insecurity, and supply chain disruptions, leaving many households struggling to afford basic … Read more
The price of a bag of beans is currently sold at approximately ₦100,000 in Lagos, depending on the type. Previously, a 100kg bag of beans was priced between ₦140,000 and ₦150,000 in the mega city due to a supply shortage. However, Lagos State foodstuff traders and consumers are now satisfied with the recent decline in … Read more
As the festive season approaches, the prices of essential food items across Nigerian markets have shown mixed trends, reflecting the dynamics of supply, demand, and regional harvests. A market survey conducted this week provides insights into the costs of staples such as rice, beans, tomatoes, and other commodities, which are central to holiday celebrations. Rice … Read more