Sh*ck At The Market! Price Of Rice, Beans, And Tomatoes Skyrocket Again This Week

The prices of essential food items have continued to climb sharply across Nigeria, deepening the cost-of-living crisis confronting millions of households.

A market survey conducted in early November 2025 shows steep price increases in staple goods such as rice, cooking oil, spaghetti, beans, and tomatoes, underscoring the persistent impact of inflation on everyday commodities.

Sharp Increases in Household Staples

Average prices recorded across major cities show:

• 1 litre of cooking oil – ₦3,400

• Cornflakes (roll pack) – ₦1,300

• Small basket of tomatoes – ₦2,500

• Pepper – ₦800

• Sagu (cassava flour) – ₦2,000

• Beans (paint bucket) – ₦4,500

• Egusi (mudu) – ₦2,600

• Rice (50kg bag) – ₦54,000

• Spaghetti (pack) – ₦18,600

• Garri (paint bucket) – ₦1,500

The data indicates that the price of cooking oil has nearly doubled in several regions compared to mid-year figures, while rice, a staple in most homes, has surged past ₦50,000 per 50kg bag — up from about ₦43,000 just a few months ago.

Interestingly, this latest spike comes barely a week after reports suggested a brief decline in rice prices across some Lagos markets, following increased imports and better local harvests.

A report by the News Agency of Nigeria (NAN) confirmed that a 50kg bag of rice now sells between ₦55,000 and ₦70,000, depending on the brand and location.

At markets such as Oyingbo, Arena (Oshodi), FESTAC Town, and Mile 12, local rice that sold for around ₦85,000 in January now trades between ₦60,000 and ₦70,000, while foreign brands have dropped from ₦95,000 to between ₦65,000 and ₦75,000.

Despite the short-lived price relief, traders warn that transportation costs, insecurity, and forex volatility continue to push food prices upward, raising fears of further inflation in the months ahead.