Cooking oil at Lekki-Jakande Market was one of the steadiest shelves in the dataset. Power oil held every captured size without moving across the weeks of January 26, February 9, February 16, February 23 and March 16. A 25 litre tin stayed at N68,000, a 10 litre at N33,000, a 5 litre at N17,500, a 3 litre at N11,000, a 2 litre at N8,500 and the 1.4 litre bottle at N2,500. Golden Terra soya oil was just as flat, holding a 3 litre bottle at N10,800 across the same weeks. Kings vegetable oil sat at N16,500 for a 5 litre tin in early February.
That flat run is striking because it held through a period when global vegetable oil was climbing. World Bank commodity data shows palm oil trading at multi-year highs through early 2026 on dry weather, firm demand and higher logistics costs. A market holding branded oil prices steady while the international benchmark rose suggests distributors were absorbing cost or working through stock bought earlier, a cushion that does not last forever.
For households, a stable oil shelf is a rare point of certainty in a basket that has otherwise been moving. The National Bureau of Statistics reported food inflation back above the headline rate at 16.06% year on year in April 2026, so the steadiness in Lekki-Jakande oil stood out against staples like beans that were climbing in the same market over the same weeks.
Live readings sit on the Lekki-Jakande Market real-time prices page, and oil can be compared by size and brand on the price check tool.