loyin beans set the pace at Lekki-Jakande Market in the first half of 2026. A 50kg bag sold for N55,000 in the weeks of January 26 and February 2, then jumped to N77,000 by the week of February 16, a rise of N22,000 or 40.0%. The bag held firm at N77,000 through the weeks of February 23 and March 16, an unusually steady plateau at the higher level, before easing to N73,333 by the week of June 1. From the January base to June, that is a rise of 33.3%, with most of the move banked in a single fortnight in February.
The contrast on the same shelf is brown beans, which did not move at all. A 50kg bag held at N55,000 across every captured week from January through March, a flat line that makes the Oloyin surge stand out all the more. A buyer indifferent between the two varieties had a clear way to dodge the increase. The smaller Oloyin measures rose modestly, with a derica moving from N1,200 to N1,367 and a paint bucket from N5,500 to N6,000 between January and June.
Drum and white bean bags also entered the June capture at Lekki-Jakande, but their readings ran far above the Oloyin and brown series and are being held for field verification, so this report stays with the verified lines.
The Oloyin move sits inside a national turn that has put beans back among the drivers of food inflation. 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, with beans named in the basket. The Nigeria Agribusiness Group told Vanguard that restoring guaranteed minimum prices would help steady the crop.
Against the other June market, Lekki-Jakande is now the dearer place for the Oloyin bag. In the week of June 1 it cost N73,333 here against N70,000 at Ajah Market, a difference of N3,333. That flips the February picture, when Ajah held the higher bag.
Live readings sit on the Lekki-Jakande Market real-time prices page, and the two markets line up on the compare tool.