Food prices in Nigeria: rice, garri, tomatoes and more
What Nigerians expect for the price of staples in their markets, from Mile 12 to Wurukum, and what actually happened.
Open forecasts
- Petrol price: Will Dangote cut its petrol gantry price below ₦1,300 per litre by 12 November?
- Will at least 20 traders or business operators affected by the Akanimodo Market fire at Mile 12, Lagos, resume commercial operations at the affected market location by November 15, 2026?
- Will the average selling price of a 50kg bag of locally produced rice at Wurukum Market, Makurdi, fall below its verified November 4, 2026 baseline by November 20, 2026?
- Will the CBN's published Nigerian Foreign Exchange Market (NFEM) reference rate for the US dollar reach or exceed ₦1,400 per dollar on any trading day between November 3 and November 30, 2026?
- Will the price difference between the highest and lowest listed petrol depot prices across Lagos, Rivers and Delta exceed ₦100 per litre on any November market update?
What Nigerians expected vs what happened
- Will at least three independently owned filling stations in Lagos State publicly display petrol pump prices of ₦1,250 per litre or below on the same day between November 3 and November 7, 2026? — outcome NO
- Will traders in Onitsha meet with Anambra State or local government officials to discuss the demolition dispute by October 31? — outcome YES
- Will the median retail price of a 50kg bag of locally produced rice increase by at least 3% between October 27 and October 31, 2026, across five preselected Lagos markets (Mile 12,Oyingbo,Mushin,Agege and Sabo Market)? — outcome NO
- Will at least three independently operated filling stations in Lagos record a retail petrol price increase of at least ₦50 per litre from their verified 27 October price by 1 November 2026? — outcome NO
- Will a large bag of onions at New Garki Market in Enugu sell for more than ₦300,000 in a dated market survey published by October 29, 2026? — outcome NO
- Will ICE Brent December 2026 crude oil futures record an official daily settlement price of at least $110 per barrel on or before October 29, 2026? — outcome YES
- Will Nigeria's median petrol depot price exceed ₦1,360 per litre on or before October 27, 2026? — outcome NO
- Will the published LPG depot price at any of the preselected major Nigerian cooking-gas depots increase by at least 5% between October 15 and October 23, 2026? — outcome YES
- Will the price of a cow sold to butchers in Lagos exceed ₦1.35 million before October 20, 2026? — outcome YES
- Will Otuocha Market remain closed through October 10 following the Aguleri-Umuoba Anam violence? — outcome YES
- Will Dangote Refinery's diesel gantry price remain at or below ₦1,700 per litre through October 14? — outcome NO
- Will the parallel-market naira fall below ₦1,340/$ before Oct 12? — outcome NO
- Will the parallel-market dollar rate move above ₦1,400 before September 30? — outcome YES
- Will diesel's reported Nigerian depot price exceed ₦1,900 per litre before September 20, 2026? — outcome YES
- Will petrol pump prices in at least two major Nigerian commercial hubs rise by 10% or more from their prevailing September 4, 2026 levels before September 25, 2026, driven by higher supply, crude-oil, or refinery costs? — outcome YES
- Will the SEC substantially revise its proposed online forex and CFD rules before September 25, 2026? — outcome NO
- Will IPMAN-affiliated filling stations in at least five Nigerian states reduce their petrol pump prices before September 20, 2026? — outcome NO
- Will the national average petrol pump price rise by at least 5% from its September 2 level before 11:59 PM WAT on September 15, 2026? — outcome YES
- Will the retail price of at least one staple consumer product increase by 15% or more in a major Nigerian market before September 15, 2026? — outcome YES
- Will Nigerian money-market rates rise further following the CBN's latest liquidity mop-up before 11:59 PM WAT on September 4, 2026? — outcome NO
- Will the average petrol pump price in Nigeria rise above ₦1,250 per litre before September 5? — outcome YES
- Will the NGX All-Share Index finish higher on at least 3 trading sessions between August 24 and August 28? — outcome NO
- Will the naira weaken further against the US dollar at the official FX market before 31 August? — outcome NO
- Will petrol sell for below ₦1,000 per litre at any major Nigerian filling-station network before August 31, 2026? — outcome NO
- Will at least five NGX-listed stocks gain 20% or more by August 31? — outcome NO
- Will the average retail price of 1kg of rice fall by at least 2% in Nigeria before 11:59 PM WAT on August 25, 2026? — outcome NO
- Will the Federal Government announce a new measure to improve domestic petrol supply or stabilise petrol prices before 11:59 PM WAT on August 24, 2026? — outcome NO
- Will Dangote Refinery announce another reduction in the official ex-depot price of petrol before 11:59 PM WAT on August 18, 2026? — outcome NO
- Will the average price of a 50kg bag of rice decrease in Lagos, Kano, and Abuja markets before August 31, 2026? — outcome NO
- Will the average retail price of cooking gas (LPG) increase above current August levels in Nigeria before August 25, 2026? — outcome YES
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