Palm Oil
Palm oil production, pricing, and trade
Nigeria's Food Prices Rose 907% in Naira but Fell in Dollars
World Food Programme data for 2015 to 2026 shows yam up 907% in naira but just 45% in dollars, and for eight of thirteen staples …
Europe's Forest Rules Reach Nigeria's Cocoa
The EU's Deforestation Regulation takes binding effect from 30 December 2026, forcing exporters of cocoa, palm oil, rubber and coffee to prove their goods are …
Cooking Oil Hits a Four-Year High
Global vegetable oil prices have climbed to their highest level in four years as biofuel demand competes with food for palm, soy, sunflower and rapeseed …
EU Forest Rules Rattle Cocoa Exports
The European Union's deforestation law will soon bar cocoa, palm, rubber and coffee that cannot be traced to deforestation-free land. Africa risks losing up to …
Oshodi Market Cooking Oil Jumps 54.2 Percent as Kings 5L Reaches N18,500 From N12,000
A 5 litre bottle of Kings Vegetable Oil rose from N12,000 in the week of January 12 to N18,500 by the week of April 13 …
Indonesia's Fuel Bet Lifts Palm Oil
Palm oil prices are climbing as Indonesia, the world's top exporter, burns more of its crop as biodiesel. With a higher blend planned and a …
Oshodi Market Cooking Oil Jumps 54.2% to N18,500 as Rice and Beans Ease
A 5 litre bottle of Kings vegetable oil at Oshodi Market rose from N12,000 in mid January to N18,500 by the week of April 13, …
Mile 12 Market Onions Surge 75.5% to N8,250 a Bowl as Carrot Prices Crash
Red onions at Mile 12 Market rose from N4,700 to N8,250 a big bowl between the weeks of January 19 and February 2, a 75.5 …
FG Cuts Rice Import Tariff to 47.5% From 70%, Slashes Palm Oil and Sugar Duties Under 2026 Fiscal Policy
The Federal Government has reduced import duties on rice, palm oil, sugar and more than 120 other items under the 2026 Fiscal Policy Measures, effective …
Lekki-Jakande Cooking Oil Stays Flat for Months With Power Oil 25 Litres at N68,000
Power oil prices at Lekki-Jakande Market held without moving from January through March 2026, with a 25 litre tin at N68,000, a 5 litre at …
Nigeria's Palm Oil Output Climbs, but Imports Still Fill the Gap
Nigeria's palm oil output rose to 1.57 million tonnes in 2025, lifting profits at Presco and Okomu, yet demand above 2.5 million tonnes still leaves …
Ajah Market Cooking Oil Spans N12,000 to N55,000 as Beef Edges Up to N8,000 a Kilo
Cooking oil at Ajah Market ran from N12,000 for 5 litres of palm oil to N55,000 for a 25 litre tin by March, while a …
Lekki-Jakande Cooking Oil Holds Firm With Power Oil Steady at N68,000 for 25 Litres
Cooking oil at Lekki-Jakande Market barely moved through the first quarter, with Power Oil holding at N68,000 for 25 litres, N33,000 for 10 litres and …
Ajah Market Palm Oil Doubles to N4,000 a Litre in a Week as Bulk Tins Near N55,000
A 1 litre bottle of Active palm oil at Ajah Market jumped from N2,000 to N4,000 between the weeks of January 19 and January 26, …
Ajah Market Cooking Oil Holds Near N18,000 a Tin as June Brings Smaller Palm Packs
A 5 litre tin of Kings vegetable oil at Ajah Market was captured at N18,000 in early February, while bulk local palm and groundnut oil …
Kings Vegetable Oil Jumps to N18,500 for 5 Litres at Oshodi as Local Palm Oil Eases at Mile 12
Kings Vegetable Oil Jumps to N18,500 for 5 Litres at Oshodi as Local Palm Oil Eases at Mile 12
Nigeria Slashes Rice, Palm Oil, and Sugar Import Duties Under 2026 Fiscal Policy as Government Moves to Curb Food Inflation
The Federal Government has introduced sweeping changes to Nigeria's import tariff structure under the 2026 Fiscal Policy Measures, reducing duties on rice, palm oil, sugar, …
EXCLUSIVE: Egusi Soup Now Costs ₦9,945 For 6 Servings — ₦1,658 Per Plate Across Lagos Markets
Cooking Nigeria's beloved Egusi soup for a family of six now costs ₦9,945 at Mile 12 Market — that's ₦1,658 per serving. Market choice alone …
Nigeria's Food Inflation Drops to 8.89% — First Single-Digit Reading in Over 14 Years as Staple Prices Crash
NBS data shows food inflation fell to 8.89% in January 2026, the lowest in 174 months. Month-on-month food prices deflated by 6.02%, driven by falling …