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Research Data

Capital Importation (FDI and FPI) Into Nigeria By Sector (2014 – 2018 Q2)

The table below contains Capital importation into Nigeria by sector from the first quarter of 2014 to the second quarter of 2018

Published

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Capital is either imported in the form of shares, or directly imported by different sectors of the economy.

The table below contains Capital importation into Nigeria by sector from the first quarter of 2014 to the second quarter of 2018 and it will be updated every quarter.

UBA ADS
 2014   2015   2016   2017   2018 
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
Q1Q2
Shares2773.364575.254523.861934.321280.671877.261736.48831.88243.53347.99646.28228.24143.81 932.58
2,745.79 3,680.34
3,792.73
4,091.55
Agriculture15.080.220.838.192.680.0595.10.50.2110.910.3730 23.71
42.8962.46
130.90
104.97
Banking104.93191.1330.99337.16114.89360.92244.24193.49107.58108.11555.52161.3126 89.80
177.94543.37
1,180.81
294.96
Brewering----009.06011.6411.325.6325.6716.06 4.83
4.002.3
1.0 0.70
Construction10.634.624.8835.564.33.2411.19.3810.1614.953.623.751.57 1.71 2.3692.71
6.20
11.77
Consultancy2.816.967.748.910.70.10.239.560.140.22.140.444.89 4.20 2.522.06
1.0 1.83
Drilling0.011.0139.2411.010.010.130.1700.410.0500 1.210.30
0.30 9.06
0
Electrical5.951.795.842.440.8373.390.58137.5270.1512.8418.6523.721.1 6.3826.345.1
18.66
12.25
Financing345.28723.141073.83566.06763.4946.5435.1513.7142.571.0836.5615.1388.65 57.3149.91122.68
485.41
150.32
Fishing0.45-0.1-0000.01031210099.43
00
I T Services2.52.571.653.251.45.752.023.611.020.630.030.040.49 6.281.258.45
1.10
48.04
Marketing0.06-0.03-000.150.80.2000.61.31 0.090.780.48
4.27
0
Oil And Gas201.143.833.160.059.474.862.2113.2220.83200.39171.63327.3101.08 190.39
16.0723.83
85.62
24.85
Production104.07107.88365.1366.92118.3651.2162.4291.7277.7789.4268.2567.2179.32 141.42 16.07317.82
144.09
208.92
Servicing32.3653.58110.49354.886.2912.8365.64115.7155.05119.7536.5587.56146.05 145.56 586.97216.45
328.15
479.85
Hotels0.570.531.348.83001.1500.750000 0.1700.030.03
0.02
Telecomms135.6861.6627.07769.92336.87138.4369.4993.3713.44118.71244.8554.25145.78 174.18 33.63191.01
87.25
11.12
Tanning----000000000000.5200
Trading169.3568.1146.43101.7228.5491.576.6640.7755.0812.3718.9538.5218.72 12.5311.4512.96
27.33
60.35
Transport0.31.64-0.532.10.246.111.550.8601.552.762.43000.55
0.03
12.20
Weaving----000.20000000000

 

Servicing overtook Banking to become the leading sector for foreign capital inflow in the second quarter of 2018 with a value of $479.85 million. See below

 

GTBank 728 x 90
wpDataChart with provided ID not found!

 

 

Nairametrics Research team tracks, collates, maintains and manages a rich database of macro-economic and micro-economic data from Nigeria and Africa. Our analysts share some of the data collated on Nairametrics, using formats such as docs, tables and charts etc. The team also publishes research based analysis as articles on a regular basis.

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Markets

List of Dividends announced so far in 2020 (June)

List of Dividends announced so far in 2020 (June)

Published

on

Dividends announced on the Nigerian stock exchange

As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these announcements to know who is eligible to collect the dividend, when it will be approved and when it will be paid. Dividend payment also affects share prices.

This page will be updated from time to time.

UBA ADS

READ ALSO: Updated: Gender Balance, looking at the board composition of top banks on the NSE

Legend

Date Announced – The date the company announced dividends evidenced by a corporate action published on the website of the NSE.

Qualification date – Shareholders who own shares as of this date will receive dividends. If you buy shares and want to receive dividends make sure it is at least three days before this date. Shares get transferred to you on the basis of the T+3 rule (the date you bought plus 3 working days).

GTBank 728 x 90

Payment date – This is when the dividend will be paid to you, either via post (dividend warrants) or direct credit to your bank accounts (e-dividend).

Calculate Dividends

Closure of Register – Only shareholders who own shares listed in their register before this date will be paid dividends.

You can also scroll sideways to view the rest of the columns if using a mobile phone.

READ MORE: How to read stock market tables

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2020 Dividends from companies quoted on the Nigerian Stock Exchange

CompanyDPSDate AnnouncedBonusClosure of RegisterAGM DatePayment DateQualification date
Prestige Assurance PlcNil4th June 20202 New shares for every 11 existing shares22nd - 26th June 202030th June 2020N/A19th June 2020
Presco PlcN2.00k3rd June 2020Nil20th - 22nd July 20205th August 20207th August 202017th July 2020
Trans-Nationwide Express PlcN0.03k1st June 2020Nil6th - 10th July 202016th July 202020th July 20203rd July 2020
Nigeria Aviation Handling Company PLCN0.30k28th May 2020Nil1st - 3rd July 202016th July 202016th July 202030th June 2020
Skyway Aviation Handling Co. PlcN0.16k1st June 2020Nil17th - 23rd June 202030th June 202030th June 202016th June 2020
11 PlcN8.2528th May 2020Nil30th Sept - 5th Oct 2020to be announcedto be announced29th Sept 2020
Glaxo SmithKilne Consumer Nig. PlcN0.55k22nd May 2020Nil23rd June - 2nd July 202023rd July 202024th July 202022nd June 2020
Airtel Africa0.0313th May 2020Nil6th July 2020Not applicable24th July 2020NA
Caverton Offshore Support Group PlcN0.20k22nd May 2020Nil16th June 202025th June 202025th June 202015th June 2020
Nigerian Breweries Plc (Revised)N1.51k20th May 2020Nil5th-11th March 202023rd June 202024th June 20204th March 2020
BUA CementN1.75k19th May 2020Nil28th Sept - 2nd Oct 202022nd October 202023rd October 202025th September 2020
NASCON Allied Industries PlcN0.40k13th May 2020Nil15th - 16th July 202027th July 202029th July 202014th July 2020
Total Nigeria PlcN6.7113th May 2020Nil5th - 11th June 2020to be announced24hrs after meeting4th June 2020
Cadbury Nigeria PlcN0.49k13th May 2020Nil25th - 29th May 202024th June 202025th June 202022nd May 2020
May and Baker PlcN0.25k13th May 2020Nil27th - 29th May 20204th June 20208th June 202026th May 2020
NPF Microfinance Bank PlcN0.20k11th May 2020Nil17th - 22nd June 202030th June 202030th June 202016th June 2020
Okomu Oil Palm PlcN2.0023rd April2020Nil19th - 22nd May 202028th May 202029th May 202018th May 2020
Lafarge Africa PlcN127th April 2020Nil4th - 8th May 20203rd June 20203rd June 202030th April 2020
Wema Bank PlcN0.04k23rd April 2020Nil7th - 12th May 202018th May 202018th May 20206th May 2020
UAC of Nigeria PlcN0.10k20th April 2020Nil19th - 22nd May 2020to be announcedto be announced18th May 2020
Union bank of NigeriaN0.25k13th April 2020Nil27th - 30th April 20206th May 20206th May 202024th April 2020
FBN HoldingsN0.38k6th April 2020Nil21st - 22nd April 202027th April 202028th April 202020th April 2020
Lafarge Africa PlcN1.00k6th April 2020Nil4th - 8th May 202026th May 202026th May 202030th April 2020
Ikeja Hotel PlcN0.023rd April 2020Nil2nd - 8th July 202030th July 20207th August 20201st July 2020
McNichols Consolidated PlcN0.03k1st April 2020Nil2nd - 8th July 202030th July 20207th August 20201st July 2020
NEM InsuranceN0.15k1st April 2020Nil4th - 8th May 2020to be announcedto be announced30th April 2020
FCMB Group PlcN0.14k31st March 2020Nil15th - 17th April 202028th April 202028th April 202014th April 2020
Beta Glass Nigeria PlcN1.67k30th March 2020Nil15th - 19th June 20202nd July 20203rd July 202011th June 2020
Capital Hotel PlcN0.05k26th March 2020Nil20th - 24th April 202027th May 20203rd June 202017th April 2020
Sterling bank PlcN0.03k26th March 2020Nil5th - 8th May 202020th May 202020th May 20204th May 2020
Boc GasesN0.30k26th March 2020Nil8th - 10th June 202025th June 202026th June 20205th June 2020
Fidelity Bank PlcN0.20k23rd March 2020Nil20th - 24th April 202030th April 202030th April 202017th April 2020
Seplat Petroleum Dev. Company Plc0.0523rd March 2020Nil13th May 202028th May 20204th June 202012th May 2020
Julius Berger Nig. PlcN2.75k13th March 20200.0021st to 3rd June 202018th June 202019th June 202029th May 2020
Nigeria Energy Sector Fund (NESF)N75.0010th March 2020Nil20th March 20206th April 202019th March 2020
Access Bank PlcN0.40k6th March 2020Nil15th April 202030th April 202030th April 202014th April 2020
Nestle Nig PlcN45.00k28th February 2020Nil18th - 22nd May 20202nd June 20202nd July 202015th May 2020
Stanbic IBTC Holdings PlcN2.005th March 2020Nil19th - 26th March 202030th June 202018th June 202018th March 2020
Guaranty Trust Bank PlcN2.50k2nd March 2020Nil19th March 202030th March 202030th March 202018th March 2020
United Bank of AfricaN0.80k2nd March 2020Nil16th - 20th March 202027th March 202027th March 202013th March 2020
Transcorp PlcN0.01k28th February 2020Nil18th - 23rd March 202025th March 202027th March 202017th March 2020
MTN Nigeria PlcN4.97k28th February 2020NilFebruary 17, 19008th May 202019th May 202017th april 2020
Transcorp Hotels PlcN0.07k28th February 2020Nil13th-17th March 202024th March 202026th March 202012th March 2020
United Capital PLCN0.50k18th February 2020Nil9th-13th March 202024th March 202026th March 20206th March 2020
Infinity Trust Mortgage Bank PLCN0.035K30th January 2020Nil9th-13th March 20207th May 202014th May 20206th March 2020
Zenith bank PlcN2.50k21st February 2020Nil10th March 202016th March 202016th March 20209th March 2020
Africa Prudential PlcN0.70k25th february 2020Nil9th-13th March 202023rd March 202023rd March 20206th March 2020
Dangote Cement PlcN16.0025th february 2020Nil26th May 202015th June 202016th June 202025th May 2020
Tripple Gee & Company PlcN0.05k8th July 2019Nil2nd-6th September 201916th September 201928th September 201930th August 2019
Presco PlcN2.006th June 2019Nil8th-10th July 201924th July 201929th July 20195th July 2019
C & I Leasing PlcN0.07525th June 2019Nil15th-19th July 201930th July 201931st July 201912th July 2019
NPF Microfinance Bank PlcN0.0525th June 2019Nil8th-12th July 201925th July 201925th July 20195th July 2019
Learn Africa PlcN0.15k2nd July 2019Nil23rd-27th September 201917th October 201918th October 201920th September 2019
Academy Press PlcN0.05k1st Juky 2019Nil5th-9th August 201919th September 201926th September 20192nd August 2019
University Press PlcN0.15k1st July 2019Nil2nd-6th September 201926th September 201926th September 201930th August 2019
Redstar Express PlcN0.43k2nd July 2019Nil17th-19th July 20198th August 201916th July 2019
Veitva Griffin 30 PlcN0.27NilN/AN/A31st May 2019
Vetiva S&P Nig. Sovereign Bond ETFN13.00Nil31st May 2019N/A7th June 2019
Law Union & Rock Insurance PlcN0.029th May 2019Nil3rd - 7th June 201925th June 201926th June 201931st May 2019
NEM InsuranceN0.1330th April 2019Nil3rd - 7th June 201925th June 201925th June 201931st May 2019
Forte OilN1.153rd June 2019Nil4th - 7th June 2019N/A10th june 20193rd June 2019
Smart ProductsN0.1530th April 2019Nil1st - 5th July 201929th August 20195th Septemner 201928th June 2019
AIICO Insurance PlcN0.0616th April 2019Nil10th - 17th May 201920th May 201920th May 2019May 9 2019
Consolidated Hallmark Insurance PlcN0.0223rd April 2019Nil7th - 13th March 2019to be announcedto be announced6th May 2019
FBN HoldingsN0.2612th April 2019Nil24th - 29th April 20193rd May 20196th May 201922nd
Lotus Halal Fixed Income FundN28.00NilN/AN/A12th April 2019
Nigerian Aviation Handling Coy PlcN0.2517th April 2019Nil9th - 11th July 201926th July 201926th July 20198th July 2019
Prestige Assurance PlcN0.0317th April 2019Nil6th - 10th May 2019to be announcedto be announced3rd May 2019
Regency Alliance Insurance PlcN0.0315th April 2019Nil13th - 17th May 201918th June 201919th June 201910th May 2019
Cement Coy. Of Northern Nig. PlcN0.4029th March 2019Nil2nd - 8th July 201925th July 201926th July 20191st July 2019
Dangote Sugar Refinery PlcN1.104th April 2019Nil3rd - 5th June 201918th June 201919th June 201931st May 2019
The Initiates PlcN0.052nd April 2019Nil3rd - 7th June 2019to be announcedto be announced31st May 2019
Aluminium Extrusion Ind. PlcN0.08526th March 2019Nil17th - 21st June 2019to be announcedto be announced14th June 2019
Beta Glass Nigeria PlcN1.3029th March 2019Nil17th - 21st June 20194th July 20195th July 201914th June 2019
UAC of Nigeria PlcN0.6429th March 2019Nil21st - 24th May 201926th June 201927th June 201920th May 2019
Okomu Oil Palm PlcN3.0027th March 2019Nil14th - 17th May 201913th June 201920th June 201913th May 2019
Wema Bank PlcN0.0329th March 2019Nil29th April - 6th May 20198th May 201913th May 201926th April 2019
Berger Paints PlcN0.6519th March 2019Nil29th April - 3rd May 201923rd May 201924th May 201926th April 2019
Caverton Offshore Support Group PlcN0.2529th March 2019Nil8th May 201921st May 201924th May 20197th May 2019
Eterna PlcN0.2529th March 2019Nil14th - 17th May 201913th June 201914th June 201913th May 2019
Infinity Trust Mortgage Bank PlcN0.0329th March 2019Nil25th April - 9th May 201916th May 201923rd May 201924th April 2019
CAP PlcN2.5029th March 2019Nil27th - 31st May 201920th June 201921st June 201924th May 2019
Portland Paints and Products Nig. PlcN0.0528th March 2019Nil6th - 10th May 201930th May 201931st May 20193rd May 2019
Glaxo SmithKilne Consumer Nig. PlcN0.058th March 2019Nil24th April - 6th May 201923rd May 201924th May 201922nd April 2019
Chams PlcN0.034th April 2019Nil18th - 24th April 2019to be announcedto be announced17th April 2019
Fidson Healthcare PlcN0.153rd April 2019Nil18th - 24th April 2019to be announcedto be announced17th April 2019
Capital Hotel PlcN0.052nd April 2019Nil24th - 29th April 2019April 22, 20009th May 201923rd April 2019
May and Baker PlcN0.2029th March 2019Nil23rd - 26th April 201930th May 20193rd June 201918th April 2019
Unilever of Nigeria PlcN1.5029th March 2019Nil15th - 23rd April 20199th May 201910th May 201912th April 2019
Total Nigeria PlcN14.0028th March 2019Nil23rd - 29th April 201927th June 201928th June 201918th April 2019
FCMB Group PlcN0.1429th March 2019Nil12th - 18th April 201926th April 201929th April 201911th April 2019
Fidelity Bank PlcN0.1129th March 2019Nil15th - 19th April 201926th April 201926th April 201912th April 2019
Custodian Investment PlcN0.3521st March 2019Nil12th - 17th April 201924th April 201924th April 201911th April 2019
11 PlcN8.2522nd MarchNil3rd - 10th May 201916th May 201917th May 20192nd May 2019
NASCON Allied Industries PlcN1.0022nd March 2019Nil31st May - 3rd June 201913th June 201917th June 201930th May 2019
Cadbury Nig. PlcN0.2521st March 2019Nil20th - 24th May 201918th June 201919th June 201917th May 2019
Julius Berger Nig. PlcN2.0021st March 2019Nil3rd - 7th June 201920th June 201921st June 201931st May 2019
UBA PlcN0.6515th March 2019Nil3rd - 9th April 201923rd April 201923rd April 20192nd April 2019
Access Bank PlcN0.25k14th March 2019Nil12th April 201925th April 201925th April 201911th April 2019
Stanbic IBTC Holdings PlcN1.50k7th March 2019Nil21st March 201919th June 201920th June 201920th March 2019
Guaranty Trust Bank PlcN2.456th March 2019Nil9th April 201918th April 201918th April 20198th April 2019
Seplat Petroleum Dev. Company PlcUS$0.056th March 2019Nil21st March 201916th May 201923rd May 201920th March 2019
Nestle Nig PlcN38.50k4th March 2019Nil13th - 17th May 201928th May 201929th May 201910th May 2019
McNichols Consolidated PlcN0.05k1st March 2019Nil9th - 15th April 201916th April 201926th April 20198th April 2019
Dangote CementN16.0028th February 2019Nil4th - 10th June 201917th June 201918th June 20193rd June 2019
Africa Prudential PlcN0.50k26th February 2019Nil14th - 20th March 201926th March 201926th March 201913th March 2019
United Capital Plc30kobo21st February 2019Nil14th - 20th March 201928th March 20192nd April 201913th March 2019
Zenith Bank PlcN2.5019th February 2019Nil11th - 15th March 201918th March 201918th March 20198th March 2019
Transnational Corp. of Nig. Plc3k18th February 2019Nil1st - 5th March 201915th March 201919th March 201928th February 2019
Nigerian Breweries PlcN1.83K18th February 2019Nil7th - 13th March 201917th May 201920th May 20196th March 2019
Transcorp Hotel15k15th February 2019Nil28th February - 1 March 201915th March 201919th March 201927th February 2019
Newrest ASL NIG Plc20kNil29th April - 3rd May 201915th May 201916th May 2019
SIAML Pension ETF 40N1.17Nil25th January 2019N/A28TH January 2019

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Markets

Naira weakens against the dollar by 1.14% amid market uncertainty

The reopening of the economy is expected to put additional pressure on the naira as more businesses try to meet up with accumulated obligations.

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Central Bank Continues intervention in Forex market to stabilize Naira, Naira to depreciate slightly over $1.52 billion maturing contracts expires, Naira hits N388.84 to $1 at the currency spot market, Investors and Exporters (I&E) window, Naira weakens against the dollar by 1.14% amidst uncertainty

The naira was weakened at the parallel market on Monday, thereby depreciating against the dollar. This is the first depreciation of the naira in about two weeks, after four consecutive rounds of appreciation against the dollar.

According to information obtained from Abokifx, the naira depreciated to N445 to a dollar on Monday, June 2, 2020. This shows a loss of N5 (or 1.14% decline) when compared to the N440 to a dollar that was recorded last week Friday.

UBA ADS

The local currency was weakened at the parallel market following the announcement of the resumption of domestic flight operations on June 21, 2020, by the Federal Government. The uncertainty resulting from the delayed resumption of sales of dollars to the Bureau De Change (BDC) operators also contributed.

In a related development, the local currency was stable at the Investors and Exporters (I&E) window, having recorded no movement. The naira exchanged at N385.50 to a dollar on Monday, June 2, 2020, which was the same rate it ended with on Friday last week. This came against the backdrop of a marginal increase in the daily turnover to $34.35 million at the I&E window, marking an increase of $2.95 million when compared to the $31.40 million that was recorded the previous trading day. In other words, this represents a 9.4% increase in dollar supply to the window.

(READ MORE: Naira drops to N460 against dollar)

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Recall that on April 29, 2020, the Central Bank of Nigeria had announced the resumption of weekly sales of $100 million dollars for school fees and the Small and Medium Enterprises (SMEs), in order to help reduce the pressure on the naira in the foreign exchange market. To a large extent, this has helped to reduce pressure on the naira.

However, despite improvement in the price of crude oil around the world and its positive effect on the country’s foreign exchange earnings, the reopening of the economy is expected to put more pressure on the naira as more businesses try to meet up with accumulated obligations.

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FEATURED

Prices of food items jump across Lagos markets, as traders lament transport fare hike

Covid-19 pandemic, high cost of transportation, and scarcity have triggered a significant price increase of major household items across Lagos Markets.

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prices of food items, SBM Jollof Index, Smuggling of imported rice hits Lagos major markets, as residence brace for shutdown

As Nigerians continue to adjust to the “new normal” that has characterised the gradual easing of the nationwide COVID-19 lockdown, they are concerned about the significant increase in the prices of food items, particularly across Lagos markets. Meanwhile, traders have blamed the price jump on the high cost of transportation and scarcity of some essential food items.

These were all revealed in the latest household market survey carried out by Nairametrics Research. According to the latest report, the price of items such as beans, pepper, palm oil, onions, tomatoes, garri, and potatoes significantly increased. For instance, a big bag of pepper is currently sold for an average of N15,000, which indicates an increase of 114.3% when compared to the pre-lockdown price of N7,000.

UBA ADS

Similarly, the price of a big bag of dry onions spiked by 30.77%, as it currently sells for an average of N17,000. In the same vein, a basket of sweet potatoes sells for an average of N15,000, marking a 150% increase when compared to N6,000 pre-lockdown price.

The rest of this report further highlights other items that witnessed a significant increase in price, items that recorded a decrease in price, items that maintained initial prices, special markets, and key market insights. Keep reading…

READ ALSO: Prices of tomatoes, frozen foods, onions, others jump, as low demand hits imported rice 

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Mile 12 market, Lagos

Items that witnessed price increase

Some of the items that recorded significant increase in price include:

• A 50kg bag of Royal Stallion rice currently selling for an average of N27,333, compared to an initial average of N26,167 recorded in March.
• A gallon of locally made palm oil (5 Litres) is currently sold for an average of N2,025, indicating a 22.73% increase compared to its initial price of N1,650. A 25-litre gallon of palm oil increased by 6.67% to sell for an average of N10,000 compared to N9,375.
• A 50kg bag of Mama Gold rice, which was initially sold for an average of N19,250 increased by 5.84% to an average of N20,375 while Mama’s Pride rice increased marginally to an average of N19,375.
• A 50kg bag of white beans, which was initially sold for an average of N18,250 in March, now sells for an average of N21,125. This indicates a 15.75% increase in price.
• Also, a big sized bag of brown beans recorded a 9.27% increase in price to sell for an average of N20,625 compared to an initial average of N18,875.
• An 80kg bag of garri (Ijebu) currently sells for an average of N13,000. This indicates a 94% increase compared to the initial average of N6,700 recorded in March.
• Also, a 50kg bag of white garri spiked by 50% to sell for an average of N11,250, while yellow garri (50kg) recorded 58.1% increase in price to sell for an average of N12,250 compared to a reference price of N7,750.
• A big basket of round shaped tomatoes, which was sold for an average of N5,500 in March, has risen significantly by 127.3% as it now sells for an average of N12,500.
• The price of fish also rose as a big sized Horse Mackerel (Kote) that was for an initial average of N525 is now sold for an average of N563, while Titus (Mackerel) fish is currently sold for an average of N575.
• A bag of yellow maize currently sells for an average of N14,000, compared to an average of N13,000 recorded in March, while a bag of white maize sells for an average of N13,750.

READ MORE: UPDATED: Nigeria’s inflation rate rises to 12.34% as COVID effects bite harder

Items that recorded decrease in price

Despite the increase recorded in the prices of major household food items, the prices of some items however declined.

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• A 12.5kg cylinder of cooking gas is now being refilled for an average of N3,375. Indicating a 15.63% reduction in price from an average of N4,000 in March.
• Also, a 5kg cylinder of cooking gas is currently filled for an average of N1,375 compared to an average of N1,725 recorded in March.
• A big bag of melon seeds (egusi) currently sells for an average of 38,000. A 7.32% decrease in price compared to N41,000 recorded in March 2020.
• A tuber of yam is currently sold for an average of N1,250. Compared to initial value of N1,375. The price of yam reduced by 9.1% while a medium-sized tuber of Abuja yam currently sells for an average of N713.

Patricia

READ ALSO: Household Survey: Palm Oil prices jack up as tomatoes and melon ease off

Items that maintained initial price

Household items that maintained their initial prices include milk, cocoa beverages, vegetable oil, and flour.

• A 400g of Peak Powdered milk (tin) continues to sell for an average of N1,213 while 900g still sells for an average of N2,375.
• 500g and 900g tins of Milo still sell for averages of N1,038 and N2,075 respectively across the four markets.
• 5-Litre and 25-Litre gallons of locally made vegetable oil maintained their initial prices at N2,200 and 12,575 respectively.

Special Items/Markets

• The Nairametrics Research team identified new brands of beans at the market  Gombe beans, which is sold for an average of N21,500 per bag, and Niger beans which sells for an average for N17,000.
• A big bag of dried bush mango seeds (Ogbono) is currently sold for average of N75,000 compared to an initial value of N90,000, while a bag of new bush mango seeds sells for N50,000 as against its initial value of N70,000.
• A bag of crayfish also recorded a decrease in price from an average of N15,000 to N12,500.

tomatoes market, Mile 12

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Market Insights

The lockdown and hike in the cost of transportation triggered increases in the price of food items. This was disclosed by a frozen food trader at Mushin market. She said:

“Due to the hike in transportation, we now sell a full chicken for an average of N1,700 compared to an initial average of N1,400, while 1 kg of Turkey sells for N1,500 compared to N1,300 recorded in March 2020. Also, Chicken lap which was sold for N1,000 in March now sells for an average of N1,400, while a carton of Titus fish that was sold for N19,000 in March now sells for an average of N21,000.”

She further explained that due to the practice of social distancing, the cost of transportation has increased significantly, hence affecting the prices of many commodities in the market.

On his part, Mr. Ruwa, an onion seller at Mile 12 market, stated that the increase in the price of onions is due to the scarcity of the item which is produced mainly in Northern Nigeria. According to him, the price of onions rose significantly due to the scarcity of dry onions due to the season.

ItemsBrandUnitMUSHIN (28/05/2020)DALEKO (28/05/2020)OYINGBO (28/05/2020)MILE 12 (28/05/2020)Average MUSHIN (19/03/2020)DALEKO (19/03/2020)OYINGBO (19/03/2020)MILE 12 (19/03/2020)Average
Bag of RiceBasmati5kgNANANANANANANANANANA
Bag of RiceMama Gold10kgNA4000NANA4000NA3500NANA3500
Bag of RiceRoyal Stallion50Kg28000NA270002700027333.33333333327000NA270002450026166.666666667
Bag of RiceRice Master10kgNA3500NA40003750NA3500NA35003500
Bag of RiceMama Gold50kg20000200002100020500203751900019000195001950019250
Bag of RiceCaprice50kg280002700027500270002737526500NANA2500025750
Bag of RiceMama's Pride50kg19500190001950019500193751900019000195001950019250
Bag of RiceFalcon25kgNANANANANANANANANANA
Bag of BeansOloyin50kg13000125001300012500127501300012000130001200012500
Bag of BeansWhite50kg22000205002100021000211251850018000185001800018250
Bag of BeansBrown>50kg20500195002150021000206252050018000190001800018875
Tuber of YamAbuja1 Big Size Tuber1300120013001200125014001400130014001375
Tuber of YamAbuja1 Medium Size Tuber700700750700712.5750700750750737.5
Carton of NoodlesIndomie305g (Belle full)2900290029002900290029002900290029002900
Carton of NoodlesIndomie200g (Hungry man)3200320032003200320032003200320032003200
Carton of NoodlesChikki100g2000220021002100210020002200210021002100
Carton of NoodlesMinimie70g1600165017001650165015001500150015001500
Carton of NoodlesGolden Penny70g1400140014001400140014001400140014001400
Bag of GarriIjebu80kg125001300012500140001300060006800700070006700
Bag of GarriWhite50kg110001150011500110001125070007500750080007500
Bag of GarriYellow50kg120001250012000125001225075007500750085007750
Basket of PotatoSweetBig Basket150001500060006000
Basket of PotatoSweetSmall Basket1000100010001000
Basket of PotatosweetSmallest Basket500500200200
Basket of PotatoIrishBiggest Basket20000200001700017000
Basket of PotatoIrishSmall Basket2000200018001800
Basket of PotatoIrishSmallest Basket1500150013001300
Packet of PastaGolden Penny500g4300440043004200430043004400430042004300
Packet of PastaDangote500g4000410042004100410040004000400041004025
Packet of PastaPower (1 pc)500g220220220220220220220220200215
Packet of PastaBonita (1 pc)500g220200200210207.5220200200210207.5
Gallon of Palm OilLocal5 Litres2100200020002000202518001500180015001650
Gallon of Palm OilLocal25 Litres10000950010000950010000100009000950090009375
Gallon of Vegetable OilLocal5 Litres2200220022002200220022002200220022002200
Gallon of Vegetable OilLocal25 Litres12600124001290012400125751260012400129001240012575
Gallon of Vegetable OilKings5 Litres3000300030003000300030003000300030003000
Gallon of Vegetable OilWesson5 Litres3900390039003900390039003900390039003900
Gallon of Vegetable OilMamador3.8 Litres25002450250024002462.525002450250024002462.5
Gallon of Vegetable OilPower3 Litres1800180018001800180018001800180018001800
Bunch of PlaintainPlaintain1 Big Bunch500400450500462.5400400350400387.5
Bag of FlourDangote50kg11200112001100011000111001120011200110001100011100
Bag of FlourHoney well50Kg11200112001120011200112001120011200112001120011200
Bag of FlourMama Gold50kg11000113001100011000110751100011300110001100011075
MilkPeak Powdered (Tin)400g12501200120012001212.512501200120012001212.5
Milkpeak Powdered(Tin)900g2400240024002300237524002400240023002375
MilkPeak milk (Refill)500g10501000100010001012.510501000100010001012.5
MilkDano Powdered (Tin)500g1000100010001000100010001000100010001000
MilkDano Powdered(Tin)900g2000200020002000200020002000200020002000
MilkDano (Refill)500g850800800800812.5850800800800812.5
MilkThree Crown (Refill)380g720700750700717.5720700750700717.5
MilkLoya Powdered (Tin)400g10001000100010501012.510001000100010501012.5
MilkLoya (Refill)400g850800850800825850800850800825
MilkCoast (Refill)500g750750750750750750750750750750
Cocoa BeveragesMilo (Tin)500g10001100105010001037.510001100105010001037.5
Cocoa BeveragesMilo (Tin)900g2000210021002100207520002100210021002075
Cocoa BeveragesMilo Refill500g900900900900900900900900900900
Cocoa BeveragesBournvita Refill500g95010009509009509501000950900950
Cocoa BeveragesBournvita (Plastic)900g2000200020002000200020002000200020002000
Cocoa BeveragesOvaltine Refill500g800800850850825800800850850825
Cocoa BeveragesOvaltine(Plastic)500g1100110010001100107511001100100011001075
CoffeeNescafe Classic50g600600600600600600600600600600
TeaLipton Yellow label52g310290300300300310290300300300
TeaTop tea52g300300300300300300300300300300
SugarSt' Loius Sugar(Cube) 500g500550550550537.5400380400450407.5
SugarGolden Penny Sugar (cube)500g350350350400362.5350300350300325
BreadVal-U1 loafNANANANANA370350350370360
BreadButterfield1 loaf350350350350350350350350350350
EggN/ACrate950100010001000987.595010009501000975
Bottled Water (Refill)CwayRefill600600650600612.5600600650600612.5
Juice5 Alive1 litre600550550600575600550550600575
JuiceChivita1 litre600550600550575600550600550575
GasRefilling12.5kg3500300034003600337540004000400040004000
GasRefilling5kg1400130014001400137517001700180017001725
TomatoesBig Basketround shaped125001250055005500
Medium Basketround shaped6500650032003200
Small Basketround shaped4000400020002500
Big BasketOval ShapedNANA
Small BasketOval ShapedNANA
FishKote (Horse Mackerel)1 big Fish550600550550562.5550500500550525
FishTitus (Mackerel)1 big Fish550600550600575500500550500512.5
PepperBig bag150001500070007000
Medium bag8000800050005000
MaizeYellow130001500014000125001350013000
White130001450013750125001350013000
MelonBig bag38000380004100041000
OnionsBig bagDry Onions17000170001300013000
OnionsBig bagNew OnionsNANA1100011000

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About Nairametrics Food Price Survey

The Nairametrics Food Price Watch is a bi-weekly household market survey that covers the prices of major food items, with emphasis on five major markets in Lagos – Mushin Market, Daleko Market, Oyingbo Market, Idi-Oro Market and Mile 12.

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