Current Commodity Prices in Nigeria

Nigeria, often referred to as the giant of Africa, boasts a population of around 200 million people, making it the most populous country on the continent. Not only is Nigeria known for its vast population, but it also holds the title for having the largest economy in Africa, with a GDP of 375.77 billion US Dollars as of 2017. In this article, we delve into the retail prices of everyday commodities in Nigeria, providing valuable insights for consumers and businesses alike.

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1. Food Commodity Prices in Nigeria:
   • 50kg Bag of Rice: ₦18,000-₦23,000
   • Half Bag of Rice: ₦7,500-₦10,000
   • Apples (1kg): ₦1,000-₦1,200
   • Banana (1kg): ₦400-₦600
   • Oranges (1kg): ₦200-₦700
   • Tomato (1kg): ₦200-₦500
   • Potato (1kg): ₦300-₦800
   • Onion (1kg): ₦250-₦500
   • Lettuce (1 head): ₦200-₦400
   • Yam (A tuber): ₦700-₦1,000
   • Garri (A paint rubber): ₦500-₦700
   • Beans (A derica): ₦300-₦370
2. Beverages Prices in Nigeria:
   • 400g Powdered Tin Peak Milk: ₦1,150-₦1,300
   • 900g Powdered Tin Peak Milk: ₦1,850-₦2,200
   • 500g Refill Powdered Peak Milk: ₦950-₦1,200
   • …
3. Home & Kitchen Appliances Prices in Nigeria:
   • Toasting Machine: ₦3,500-₦4,500
   • Electric Blenders: ₦5,000-₦10,000
   • Manual Blenders (Small Size): ₦700
   • …
4. Home Electronics Prices in Nigeria:
   • Home Theaters Sound System: ₦27,000-₦70,000
   • 5 HP Air conditioners: ₦80,000-₦90,000
   • 1 HP Air conditioners: ₦70,000-₦80,000
   • …
5. Consumer Products (Electronics):
   • Wired Head Phone: ₦2,500-₦3,000
   • Wireless Head Phone: ₦3,500-₦6,000
   • Wired Ear Piece: ₦300
   • …
6. Computer and Accessories Prices in Nigeria:
   • 16-inch Laptop: ₦70,000-₦350,000
   • Macbook Laptop: ₦350,000-₦1.5M
   • Desk Jet Printer: ₦11,000-₦13,000
   • …
7. Daily Commodity Prices in Nigeria:
   • Beauty & Personal Care
     • Close Up Toothpaste: ₦250-₦300
     • Colgate Toothpaste: ₦300-₦400
     • Oral B Toothpaste: ₦350-₦500
     • …

Conclusion:

This list provides a comprehensive overview of the prices of everyday commodities in various cities across Nigeria. It is important to note that these prices are subject to change based on factors such as market demand, supply forces, and regional variations. As Nigeria continues to be a major player in both the oil and agricultural sectors, the economy remains dynamic, influencing the prices of goods and services.