Sh*ck Price Hike! Rice, Beans, Tomatoes And Other Staples Skyrocket This Week

The holiday season is upon us, and the excitement of Detty December is already building. But this year, festive cheer comes with a pinch of worry as food prices continue to climb across Nigeria.....KINDLY READ THE FULL STORY HERE▶

Markets are buzzing with activity as families grapple with a pressing question: how much will Christmas and New Year meals cost this time?

Naija News’ visit to major markets reveals that key staples—cooking oils, grains, and soup ingredients—have seen noticeable price hikes amid the seasonal rush.

Cooking oils, a must-have in Nigerian kitchens during the holidays, remain in high demand. A 5-litre keg of Palm Oil now sells for ₦10,000, reflecting its continued popularity despite the steep price. Meanwhile, a 1-litre bottle of Groundnut Oil is going for ₦3,200, a cost that has raised concerns for those preparing large meals.

Rice, another festive essential, is also straining household budgets. A standard 50kg bag of Nigerian Local Rice now costs around ₦54,000, with market traders noting that seasonal demand always drives prices higher.

Here’s a snapshot of some current food prices:

• Palm Oil (5-litre) – ₦10,000

• Groundnut Oil (1-litre) – ₦3,200

• Rice (50kg Bag) – ₦54,000

• Poundo Yam Meal (Medium) – ₦3,500

• Poundo Yam Meal (Big) – ₦7,000

• Egusi (1 modu) – ₦2,700

• Garri (1 paint bucket) – ₦1,200

• Tomatoes Heap – ₦3,500

• Pepper Heap – ₦2,500

• Cornflakes (Roll Pack) – ₦1,300

• Spaghetti (Pack) – ₦18,600

As the festivities draw nearer, Nigerians are bracing for a season where joyful celebrations meet rising grocery bills.