Oloyin beans at Ajah Market climbed steeply through February 2026 before giving some of the gain back. A 50kg bag sold for N60,333 in the week of February 2, firmed to N64,000 a week later, and reached N80,000 by the week of February 23, a rise of N19,667 or 32.6% inside three weeks. The bag then eased to N74,000 by the week of March 16 and settled at N70,000 in the week of June 1. Measured across the whole run, from February 2 to June 1, that is still a rise of 16.0%, but a household that held off through the February spike is now paying N10,000 less a bag than at the peak.
The smaller measures moved more gently, which is common when a bag price spikes on wholesale supply rather than steady retail demand. A paint bucket of Oloyin was N6,000 in the week of January 26, dipped to N4,500 through February, and recovered to N5,500 by March 16 and into June. A derica held near N1,000 to N1,200 across the same period before touching N1,300 in June. The gap between a fast-moving bag price and a slower paint price is worth watching, because it often signals that the pressure is at the wholesale end.
The Ajah move sits inside a national picture where beans have returned as a driver of food costs. The National Bureau of Statistics reported food inflation at 16.06% year on year in April 2026, up from 8.89% in January and back above the headline rate for the first time in eight months, naming beans among the staples pushing the index. The National Bureau of Statistics selected food price watch, reported by Vanguard, put brown beans at N1,325.85 a kilogram in March, down almost half year on year but up 1.41% on the month, the same short-term supply pressure visible at Ajah. The Nigeria Agribusiness Group told the paper that restoring guaranteed minimum prices would help steady the crop.
For buyers, the practical read is that the beans bag at Ajah is off its February high but has not returned to where it began the year. Live readings sit on the Ajah Market real-time prices page, and the beans trend can be tracked against other markets on the compare tool.