Research Analysis
Data War: MTN gains 8.18 million subscribers, as Airtel edges Glo, 9mobile in 2019
Data released by NCC as at last December, disclosed that MTN recorded 54.11 million data subscribers over Airtel’s 34.52 million subscribers in 2019.
Nigeria’s telecommunication landscape witnessed a high level of competition in terms of data offering in 2019, as operators in the industry show no signs of relent on efforts to increase their market share in a fickle industry.
According to data released by the Nigerian Communication Commission (NCC) for the period ending December 2019, while Nigeria’s largest mobile telecommunication company, MTN, gained 8.18 million data subscribers, Airtel successfully edged out Glo in terms of data subscribers, as the telco added 4.06 million subscribers over the indigenous brand.
MTN leads the pack ahead Airtel
Competition between two of Nigeria’s largest data sellers took different turns in 2019, as MTN recovered from the drop recorded during the year. It is important to note that in June and August 2019, 845.3 million data subscribers dumped MTN for other networks.
Meanwhile, in a complete twist of events, at the end of December 2019, the total number of data subscribers on MTN data network rose to 54.11 million from 45.9 million it recorded in January. This means the telco added 8.18 million data subscribers.
On the other hand, Airtel also recorded significant growth in the number of data subscribers in the year, adding 4.06 million data subscribers, taking the total number of data subscribers on the Airtel data network to 34.52 million from 30.4 million.
[READ MORE: MTN wins data war, as 1.88 million subscribers dump Glo, 9mobile)
In terms of market share, Airtel continues to trail MTN, as the latter expanded its overall market share in 2019.
At the end of December 2019, MTN’s total data market share rose further to 68.8 million subscribers from 67.34 million subscribers recorded in November. On the other hand, Airtel’s number of subscribers rose to 50.18 million from 49.65 million recorded in the previous month. Hence, MTN now controls 37.30% of the market populace, as Airtel takes 27.20%.
Glo regains momentum, as 1.81 million subscribers dump 9mobile
Despite a challenging year for Globacom in terms of its data subscribers base, the telco still managed to add 1.81 million subscribers between January and December 2019. As reported earlier, 1.67 million internet subscribers dumped Globacom in November alone.
Meanwhile, in December 2019, Globacom recorded a significant rise as 1.61 million internet subscribers were added to the network. The total number of data subscribers on Glo network rose from 27.6 million data subscribers in January to 28.9 million subscribers as at December 2019.
On the other hand, 9mobile ended the year without attracting any data subscriber. According to the NCC data, 9mobile continues its steady decline, as a total of 1.81 million subscribers dumped the network for others. In November alone, 210,374 internet subscribers dumped the GSM company, a rise from 122,711 internet subscribers in October and 156,065 recorded in September.
Internet remains slow in Nigeria despite the advent of 4G network
The advent of 4G/LTE in the global telecom industry was accompanied by the expectation of fast internet speed. The 4G is the fourth generation of wireless mobile telecommunications technology, succeeding 3G. Potential and current applications include amended mobile web access, IP telephony, gaming services, high-definition mobile TV, video conferencing, and 3D television.
However, years down the line, Nigeria is still faced with poor internet quality. In a recent survey conducted on 4G services in 77 countries including Nigeria, Network monitoring outfit, Opensignal concluded that congestion is messing with the 4G user experience. Nigeria ranked 75 out of 77 of the countries surveyed in terms of its 4G speed.
According to Opensignal, the 4G networks enjoyed today are light-years from the 3G that kicked off the mobile data revolution at the turn of the millennium, but the networks have their faults. The biggest among them are inconsistency and congestion.
While GSM companies continue to jostle for market share, it has often come at the expense of poor service and lack of accountability. Quite frankly, as an average internet user in Nigeria, one is usually left at the mercy of poor mobile internet services which frustrates one to seek limited alternatives.
[READ ALSO: Data War: MTN edges out Airtel, first time in 5 months as more subscribers…)
Nigeria’s internet download speed remains among the slowest in the world, and while the telcos continue to rake in heavy gains from data sales, consumers continue to groan for lack of fast and affordable internet services.
While reporting, Nairametrics sought random subscribers’ opinions to determine how 4G network has improved user experience.
According to an MTN user, “Since I upgraded to 4G, the network seems faster, but it sometimes still frustrates me. My expectation on MTN 4G is not close to being met. Also, it is a known fact that the data bundle burns faster.”
To an Airtel user, “Airtel data network is relatively stable, and I am enjoying it. Although it still depends on the location, I move to some places and it’s difficult to check my mail. More so, it looks like Airtel is competing with MTN on whose data burns out faster.”
According to a Glo user, “I use 4G on Glo, and it is occasional fast and slow at the same time. The only thing I enjoy is that the data is cheap.”
Research Analysis
Prices of beans, onions, vegetable oil, others spike across major markets, as traders lament heightened insecurity
Prices of major food items recorded significant increases across markets as traders lament heightened level of insecurity.
Nigerians have been hard hit with further increase in the prices of food items as beans, onions, vegetable oil, palm oil, and several others recorded a significant price increase in November. This is according to the latest Household Market Survey conducted by Nairalytics — the research arm of Nairametrics.
In the latest household market survey, prices of major food items recorded significant increase across markets in Lagos State, as traders lament heightened level of insecurity such as banditry and kidnapping in the country, leading to scarcity and the subsequent hike in the prices of various food items.
READ: 82% of Ethereum investors are in profit
According to the report, a big bag of white beans now sells for an average of N42,000, indicating a 31.3% in price compared to N32,000 recorded in October. A big bag of Onion also spiked by 48.7% to sell for an average of N82,500. Vegetable oil (25 litres) that was sold for an average of N14,625 in October, witnessed a 13.33% increase in price to sell for an average of N16,575.
However, some food items such as sweet potatoes, tomatoes, and pepper recorded slight reduction after recent months in snowballed prices. Nairalytics reported in September that a big basket of pepper jumped by 23.1%, while a big basket of round shaped tomatoes increased by 9.1%.
READ: Manufacturing sector in Nigeria and the reality of a “new normal”
This report contains information on items that witnessed price increase, price decrease, as well as information on special markets and insights.
Items that witnessed price increase
- A 50kg bag of white beans currently sells for an average of N42,000, 31.25% increase compared to an initial average of N32,000.
- A 50kg bag of brown beans increased by 27.27% to sell for an average of N42,000, as against N33,000 recorded in October.
- A carton of turkey that was sold for an average of N18,333 in October, now sells for N19,000 — indicating an increase of 3.64%.
- A big bag of dry onion spiked by 48.65% to sell for an average of N82,500, compared to an initial average of N55,000 recorded in October 2020.
- Also, a big bag of new onion increased by 62.2%, from an average of N41,000 to sell for N66,500.
- A big bag of melon that was initially sold for an average of N46,500 now sells for an average of N47,500. This represents a price increase of 12.15% in one month.
- A 25 litres gallon of vegetable oil that was sold for an average of N14,625 in October, witnessed a 13.33% increase in price to sell for an average of N16,575. While a 5 litres gallon now sells for an average of N3,375 compared to an initial value of N3,100.
- A 12.5kg cylinder of cooking gas that was refilled for an average of N3,275 in October, now costs an average of N3,450 –indicating a 5.34% increase in price.
- While a 5kg cylinder is now filled for an average of N1,625 as against an initial average of N1,375. This represents a price increase of 18.18%.
- A 25 litres gallon of locally made palm oil increased by 6.19% to sell for an average of N12,875 compared to N12,125 recorded in October.
- Also, the price of a 5-litre gallon increased by 11.58% to sell for an average of N2,650.
READ: Inflation rate jumps to 11.85% as border closure bites harder
Items that witnessed price decrease
- A big basket of round shaped tomatoes now sells for an average of N12,000, as against an initial average of N14,000 — representing a 14.29% decline
- A big basket of oval-shaped tomatoes also recorded a price decrease of 35.29% to sell for an average of N11,000, as against an initial average of N17,000.
- The price of a carton of full chicken declined by 2.3% to sell for an average of N14,167 compared to an initial average of N14,500.
- Also, a carton of chicken lap now sells for an average of N14,000 as against N14,333 recorded last month (October 2020).
- A big bag of pepper now sells for an average of N7,500. This represents a 55.88% decline in price compared to N17,000 recorded last month.
- While the price of a medium-sized bag of pepper dipped by 55.56% to sell for an average of N4,000 relative to an initial average of N9,000.
- A big tuber of yam that was initially sold for an average of N938 now sells for an average of N700, while a medium-sized tuber sells for an average of N513.
- A big basket of Sweet Potatoes now sells for an average of N5,500. A reduction of 59.26% compared to N13,500 recorded in October.
- Also, the price of a big basket of Irish potatoes, reduced by 6.98% to sell for an average of N20,000 from an initial average of N21,500.
- A 50kg bag of flour also recorded a slight decrease in price as Dangote flour currently sells for an average of N13,800, Honeywell (N13,950), and Mama Gold for an average of N13,850.
- The decline in the price of flour translated to a slight decrease in the price of bread as Val-U bread now sells for an average of N450, while Butterfield sells for an average of N438.
READ: Increase in electricity tariff and fuel price is counterproductive – ActionAid Nigeria
Items that maintained initial prices
- A crate of egg continues to sell for an average of N1,200, same as recorded in October.
- A big bag of yellow maize is still sold for an average of N20,167, while a bag of white maize cost an average of N20,000.
- A 50kg bag of foreign rice (Royal Stallion) continues to sell for an average of N30,000, same as recorded in October.
- Mama’s Pride rice (50 kg) still sells for an average of N25,500.
- A bag of yellow maize sells for an average of N20,167, the same as recorded in October, while white maize of the same size still sells for an average of N20,000.
- Amongst the list of food items that maintained their initial prices include; noodles, smaller variants of Sweet and Irish potatoes, Beverages, Cocoa drinks, sugar, water, and juice.
READ: Tomatoes, pepper prices crash across major markets, as local rice continues to ease-off
Special markets/items
- The price of a big bag of pepper dropped by 55.9% in November compared to the previous month. This came after an elongated period of persistent increase in the price of the commodity for some months. Consumers were seen in good mood as they went about negotiating with the various traders.
- In a discussion with one of the major traders who chose to remain anonymous, he told Nairametrics research that the decline in the price of Pepper is due to seasonality and also expects the price to decline further in coming weeks.
- The sudden surge in the price of beans has been attributed to the scarcity of the commodity in the market. Nairalytics took an inventory of various types of beans in the market and their prices. Olo 1 beans (N19,500), Maiduguri beans (N40,000), White beans (N45,000), a 22-paint bag of Maiduguri beans (N32,000), Gombe beans (N40,000), and Oloyin beans (N20,000).
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Market insights
- The price of tomatoes seems to still be on the high side, despite recording 14.3% decrease between November and October. According to Mrs. Makanjuola, a retailer at Mushin market, “usually by this time of the year, tomatoes is sold for lesser price as we head into December, only few days to Christmas before we do witness slight increase but this year is very different with a basket of round shaped tomatoes still selling for as high as N12,000”, She said.
- A look at the Nairametrics food price database showed that a big basket of round shaped tomatoes was sold for an average of N9,000 in November last year while a big basket of oval-shaped tomatoes sold for N7,000.
- Explaining further, Mrs. Makanjuola said the major factor responsible for the sustained increase in the price of food items is insecurity. According to her, farmers are unable to access their farmlands due to the fear of bandits and kidnappers terrorizing the north at the moment.
- Onion traders have expressed concerns about the persistent increase in the price of Onions in the past month. Malam Yisa, a trader at the market spoke to Nairametrics Research team with respect to the increase in price of Onions in the market.
- He said, “farmers are afraid to go to their farmlands because of the kidnappers and bandits terrorizing the area”. According to him, farmers and their family members are being kidnapped by bandits, while demanding for ransom from them before letting them go, hence, the farmers are forced to stay close to their homes and avoid secluded areas of the farm.
About Nairametrics Food Price Survey
Nairametrics Food Price Watch is a bi-weekly Household Market Survey that covers the prices of major food items in Nigeria, with emphasis on five major markets in Lagos – Mushin market, Daleko market, Oyingbo market, Idi-Oro market, and Mile 12 market.
Explore Data on the Nairametrics Research Website
Exclusives
Lafarge, Nigerian Breweries, Stanbic IBTC, others top best performing stocks in Q3 2020
Nairametrics reviews the best stocks in Q3 2020, judging by their performance.
Lafarge Africa, Nigerian Breweries, Stanbic IBTC, United Capital, and FTN Cocoa made the list of best-performing stocks in the third quarter of 2020 (July – Sept’20).
The third quarter of the year was a recovery period for the Exchange, as the All Share Index grew by 9.61% to close the gap caused by the negative performance it endured in the first quarter of the year – during the heat of the COVID-19 pandemic. It also recorded a 14.92% positive growth in the second quarter.
READ: Mixed fortunes for Nigerian Breweries Plc as the Brewery sector moribunds
READ: UPDATED: Nigeria received $1.29 billion capital inflows in Q2 2020, down by 78.6%
As Company stocks is one of the popular means of short-term investments in Nigeria and a look at persistent inflationary pressures; it is imperative to assess the performances of the stocks listed on the exchange during the covid era, to ascertain the profitability of investors in this period.
To determine the best-performing stocks, we looked at the stock prices as of the last trading day in June 2020 and compared to their prices as of the last trading day of September 2020. Here are the top 5:
READ: MTN shareholders have made approximately N1 trillion since April 2020
Lafarge Africa Plc
The Cement manufacturing company grew its stock value by as much as 50% between July and September 2020. As at 30th June 2020, the stock of Lafarge was worth N10 per unit of share but grew to N15 as at the last trading day of September – with a market capitalization of N241.6 billion.
A cursory look at the Q2 2020 financial performance, shows a 5% year-on-year decrease in revenue generated. However, a reduced cost of sales helped improved the company’s gross profit by 10% and a subsequent 78% increase in profit before tax at N19.38 billion.
READ: PMI: Nigeria’s manufacturing sector gains momentum in November
READ: These industries drove business activities in September
June 30th – N10
September 30th – N15
Return – 50%
Ranking – First
Nigerian Breweries Plc
The second on the list is the brewery giant, Nigerian Breweries – the makers of Star Lager, Fayrouz, Goldberg, and many other consumables. It grew its stocks by 35.73% from N36.1 as of 30th of June to N49 per share at the end of Q3 2020. The market capitalization also closed at N391.8 billion as at the review period, being the second most capitalized consumer goods firm – only behind Nestle Nigeria.
A look at the Q2 2020 financials, shows that the company endured a downturn, mostly affected by the COVID-induced lockdown, which halted all social gatherings, as it posted a profit before tax of N69.8 million – 99% decline compared to N7.95 billion recorded in the corresponding quarter of 2019.
However, with the lifting of lockdown nationwide, the outlook for the Q3 and Q4 2020 appears to be positive, as investors have shown confidence in the brand, which has translated into a positive stock performance in the quarter.
READ: GDP: Nigeria’s manufacturing sector on tight ropes
June 30th – N36.1
September 30th – N49
Return – 35.73%
Ranking – Second
Stanbic IBTC Plc
The third most capitalized bank on the stock exchange is also the third on the list of best performing stocks in Q3 2020, growing its stock by 33.88% from N30.25 per unit of share recorded as of June 30th to N40.5 at the end of trading in September – with a total market capitalization of N449.8 billion.
In the same vein, the Q2 performance of Stanbic IBTC indicates an 11% increase in gross earnings, which permeates into 32.2% increase in profit before tax – from N21.1 billion recorded in Q2 2019, as against N27.9 billion in the review period.
READ: Heineken scoops more Nigerian Breweries shares in insider disclosure
June 30th – N30.25
September 30th – N40.5
Return – 33.88%
Ranking – Third
United Capital Plc
The financial and investment service firm recorded a 30.59% increase in its stock value, as it moved from N2.55 per unit of share as at June 30th to N3.33 as at the end of September. This growth places United Capital in fourth position, as one the best performing stocks between July and September 2020.
The investment firm displayed firm resolve against the effects of COVID-19 in the second quarter of the year – as it posted a profit before tax of N1.5 billion, as against N1.2 billion reported in the corresponding quarter of 2019. This indicates a 22.9% increase in profit.
READ: Custodian Investment Plc posts Profit After Tax of N1.5 billion in Q3 2020
READ: NFF receives $1 million from FIFA as COVID-19 palliative
June 30th – N2.55
September 30th – N3.33
Return – 30.59%
Ranking – Fourth
FTN Cocoa Processors Plc
A unit of FTN Cocoa shares was valued at 20 kobo as at June 30th. However, it grew by 30% to N26 kobo as at the end of trading on 30th September 2020, leaving its total market capitalization at N572 million.
Data obtained from Nairalytics – the research arm of Nairametrics, showed that FTN Cocoa has not released its financials since Q1 2019. However, the cocoa processing company was able to post a positive stock performance in the third quarter of the year to sit fifth on the list.
READ: Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN
The company was formerly registered as Fantastic Traders Nigeria Limited, a Limited Liability Company, which was incorporated in 1991. It commenced cocoa processing business in a third-party arrangement (Toll Processing) with Stanmark cocoa processing company limited in 1995. They converted cocoa beans into cocoa butter and cocoa cake/powder, and later extended their activities to Ile-oluji, Cocoa Cooperative etc.
READ: Togo, Niger, Benin remit N2.04 billion to Nigeria for power supply
June 30th – N0.20k
September 30th – N0.26k
Return – 30%
Ranking – Fifth
Bubbling Under
The following stocks make up the rest of the top 10 in descending order:
6. Guaranty Trust Bank Plc
7. University Press Plc
8. Eterna Plc
9. Unity Bank Plc
10. Fidson Healthcare Plc
Explore some Advanced Financial Calculators on Nairametrics
Bottom line: With a double-digit growth in the following stocks, Investors who bought these stocks would be delighted to see their investments appreciate during this period and will look forward to gaining more in the subsequent periods.
Research Analysis
Market Survey: Price of tomatoes, maize, and melon spikes, as scarcity hits Lagos markets
The report contains information on items that witnessed price increase, price decrease, as well as insights.
Prices of major household food items have increased significantly across major markets in Lagos State, as a result of low harvest and scarcity. This is according to the latest Household Market Survey conducted by Nairalytics – the research arm of Nairametrics.
The persistent rise in the price of food items has been enabled by dwindling harvest, which has caused scarcity of commodities across major markets in Lagos State. Some of the items that surged as a result of the scarcity include tomatoes, melon and maize.
READ: Prices of frozen Fish, Yam, Pepper, others jump as traders lament low sales in major markets
The report shows that a big basket of Oval-shaped tomatoes now sells for an average of N17,000, indicating a 6.3% increase in price when compared to N16,000 recorded in September. A big bag of Melon increased by 22.4%, to sell for an average of N46,500.
The report contains information on items that witnessed price increase, price decrease, as well as information on special markets, and insights.
READ: Alert: Tomato prices are up by over 80% in these Lagos markets
Items that witnessed price increase
- A carton of Turkey increased by 5.8% to sell for an average of N18,333, compared to an initial average of N17,333 recorded in September 2020.
- A carton of full Chicken that was sold for an average of N14,000 two weeks ago, now sells for an average of N14,500. This represents 3.6% increase in price.
- A carton of Chicken laps increased by 2.4% to sell for an average of N14,333, compared to N14,000 recorded in September.
- A big bag of Bush mango seed, popularly known as “Ogbono” now sells for N100,000 at Mile-12 market. A 5.3% increase compared to N95,000 reported earlier.
- A big bag of dry Onions increased by 48% to sell for an average of N55,500, compared to an initial average of N37,500.
- A big bag of new Onions spiked by 60.8% to sell for an average of N41,000. It was initially sold for an average of N25,500.
- A big bag of Yellow Maize that was initially sold for an average of N17,667 now sells for an average of N20,167 – a 14.2% increase in two weeks.
- A big bag of White Maize also increased by 17.7% to sell for an average of N20,000, compared to an initial average of N17,000.
- A big bag of Pepper increased by 9.7% to sell for an average of N17,000, while a medium-sized bag sells for an average of N9,000 – a 38.5% increase in price.
- A Mackerel fish, popularly known as “Kote” sells for an average of N663. An increase of 3.9% from an initial average of N638.
- A big basket of Oval-shaped Tomatoes now sells for N17,000 at Mile-12 market, compared to N16,000 recorded in the later part of last month. A small basket increased by 5.6% to sell for N9,500.
- A pack of 500g Dangote Pasta increased marginally by 1.21% to sell for an average of N4,175, compared to an initial average of N4,125.
- A big bag of Melon increased by 22.4% to sell for an average of N46,500, compared to an initial N38,000 recorded in September.
READ: Food items’ stock pile-up across major markets, as prices continue to drop
Items that witnessed price decrease
- A big basket of Sweet Potato now sells for an average of N13,500, from an initial average of N14,000 – a 3.6% reduction in price.
- The price of a big basket of Irish Potatoes reduced by 29.5% to sell for an average of N21,500, compared to N30,500 recorded in September.
- A 50kg bag of White Beans sells for an average of N25,025. It reduced by 15.9% from an initial average of N29,750.
- 5 litres gallon of Palm Oil currently sells for an average of N2,375 from an initial average of N2,425. 25 litres gallon sells for an average of N12,125.
- A big bag (nylon) of Crayfish currently sells for an average of N12,500, compared to an initial average of N13,000.
- A big Horse Mackerel fish popularly known as “Kote” sells for an average of N625. It was initially sold for an average of N663.
READ: Prices of food items jump across Lagos markets, as traders lament transport fare hike
Items that maintained initial prices
- A 50kg bag of Royal Stallion Rice still sells for an average of N30,333, Mama Gold (N29,750), Caprice (N29,667), and Mama’s Pride (N25,500).
- A big sized bag of Brown Beans still sells for an average of N33,000.
- The various brands of noodles maintained their initial prices. 305g carton of Indomie still sells for an average of N3,150, 210g of Indomie (N3,200), and 100g of Chikki (N2,200).
- The price of a 50kg bag of Yellow Garri remains unchanged at an average of N13,000.
- The price of a 50kg bag of Flour remains on the high, as Dangote sells for an average of N14,333, Honey well (N14,375), and Mama Gold (N14,125).
- A big basket of Round-shaped Tomatoes still sells for an average of N14,000, while a medium-sized basket sells for an average of N8,500.
READ: Prices of beans, potatoes, palm oil, others jump as traders lament hike, seasonal scarcity
Special markets/items
Nairametrics research found that there are two varieties of pepper at Mile-12 market, a small and a big one. A big bag of the big Pepper sells for an average of N17,000 while that of the small Pepper sells for an average of N10,000. Interestingly, a medium-sized bag of the small pepper sells for an average of N9,000.
Mr. Musa, a Pepper seller at the market, explained that the reason for the difference in price between the two varieties is that the small pepper is more peppery, when compared to the bigger one. He added that most people from the Western part of the country prefer to buy the small ones, as they like to prepare spicy meals.
READ: Data War: MTN edges out Airtel, first time in 5 months as more subscribers dump Glo, 9mobile
Our agent at Daleko market, told Nairametrics Research that one of the major types of brown beans (Niger beans) is now scarce in the market, same goes for Maiduguri beans. However, she stated that “Oloyin Pelebe” is currently sold for an average of N22,000, Gombe beans (big bag) for an average of N33,000, and the small bag sells for an average of N27,000.
READ: Prices of tomatoes, frozen foods, onions, others jump, as low demand hits imported rice
Market insights
Scarcity of major food items across Lagos markets has caused a significant hike in the price of commodities, as traders highlighted the reasons for the persistent increase.
Mr. KC from Mile-12 market said it is a surprise to traders that Melon is now sold for N48,000 in the market, since it is always cheap at this time of the year. However, he attributed the price increase to scarcity of the commodity. According to him, farmers did not cultivate significant quantity of melon because of the incessant rain in recent times.
“Melon requires sun to dry; however, the northern part of the country witnessed lots of rainfall this year, which really affected the cultivation of the commodity during this period,” he added.
Nairametrics Research met a scanty Onion section of Mile 12 market during visitation this week. In a discussion with one of the sellers named Ismail, he said that the prices of onions have spiked significantly because of its scarcity.
According to Ismail, there has been limited influx of new onions into the market, while dry onions is even more limited. He said the price is also expensive in the north.
Explore Data on the Nairametrics Research Website
| Items | Brand | Unit | MUSHIN (08/10/2020) | DALEKO (08/10/2020) | OYINGBO (08/10/2020) | MILE 12 (08/10/2020) | Average | MUSHIN (24/09/2020) | DALEKO (24/09/2020) | OYINGBO (24/09/2020) | MILE 12 (24/09/2020) | Average | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bag of Rice | Mama Gold | 10kg | NA | 4500 | 4500 | 5000 | 4666.6666666667 | NA | 4500 | 4500 | 5000 | 4666.6666666667 | |
| Bag of Rice | Royal Stallion | 50Kg | 30000 | NA | 30000 | 31000 | 30333.333333333 | 30000 | NA | 30000 | 31000 | 30333.333333333 | |
| Bag of Rice | Rice Master | 10kg | 5000 | NA | 4500 | 4750 | 5000 | NA | 4500 | 4750 | |||
| Bag of Rice | Mama Gold | 50kg | 29500 | 29500 | 30000 | 30000 | 29750 | 29500 | 29500 | 30000 | 30000 | 29750 | |
| Bag of Rice | Caprice | 50kg | 30000 | NA | 29000 | 30000 | 29666.666666667 | 30000 | NA | 29000 | 30000 | 29666.666666667 | |
| Bag of Rice | Mama's Pride | 50kg | 25500 | 25500 | 25000 | 26000 | 25500 | 25500 | 25500 | 25000 | 26000 | 25500 | |
| Bag of Beans | Oloyin | 50kg | 20000 | 21000 | 20000 | 20333.333333333 | 20000 | 19500 | 20000 | 22000 | 20375 | ||
| Bag of Beans | White | 50kg | 3100 | 32000 | 33000 | 32000 | 25025 | 30000 | 30000 | 30000 | 29000 | 29750 | |
| Bag of Beans | Brown | >50kg | 32000 | 34000 | 35000 | 31000 | 33000 | 32000 | 34000 | 35000 | 31000 | 33000 | |
| Tuber of Yam | Abuja | 1 Big Size Tuber | 1000 | 900 | 850 | 1000 | 937.5 | 1000 | 900 | 850 | 1000 | 937.5 | |
| Tuber of Yam | Abuja | 1 Medium Size Tuber | 600 | 600 | 650 | 700 | 637.5 | 600 | 600 | 650 | 700 | 637.5 | |
| Carton of Noodles | Indomie | 305g (Belle full) | 3200 | 3100 | 3200 | 3100 | 3150 | 3200 | 3100 | 3200 | 3100 | 3150 | |
| Carton of Noodles | Indomie | 210g (Hungry man) | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | |
| Carton of Noodles | Chikki | 100g | 2200 | 2200 | 2100 | 2300 | 2200 | 2200 | 2200 | 2100 | 2300 | 2200 | |
| Carton of Noodles | Minimie | 70g | 1900 | 1750 | 1700 | 1800 | 1787.5 | 1900 | 1750 | 1700 | 1800 | 1787.5 | |
| Carton of Noodles | Golden Penny | 70g | 1700 | 1500 | 1600 | 1600 | 1600 | 1700 | 1500 | 1600 | 1600 | 1600 | |
| Bag of Garri | Ijebu | 50kg | 14000 | 13500 | 14000 | 13500 | 13750 | 14000 | 13500 | 13500 | 13500 | 13625 | |
| Bag of Garri | White | 50kg | 13000 | 12500 | 12500 | 13000 | 12750 | 13000 | 13000 | 12500 | 13000 | 12875 | |
| Bag of Garri | Yellow | 50kg | 12500 | 13000 | 13000 | 13500 | 13000 | 12500 | 13000 | 13000 | 13500 | 13000 | |
| Basket of Potato | Sweet | Big Basket | 13500 | 13500 | 14000 | 14000 | |||||||
| Basket of Potato | Sweet | Small Basket | 700 | 700 | 700 | 700 | 700 | 700 | |||||
| Basket of Potato | sweet | Smallest Basket | 400 | 250 | 325 | 400 | 250 | 325 | |||||
| Basket of Potato | Irish | Biggest Basket | 20000 | 23000 | 21500 | 33000 | 28000 | 30500 | |||||
| Basket of Potato | Irish | Small Basket | 2500 | 2500 | 2500 | 2500 | |||||||
| Basket of Potato | Irish | Smallest Basket | 1700 | 1500 | 1600 | 1700 | 1500 | 1600 | |||||
| Packet of Pasta | Golden Penny | 500g | 4400 | 4400 | 4300 | 4200 | 4325 | 4400 | 4400 | 4300 | 4200 | 4325 | |
| Packet of Pasta | Dangote | 500g | 4200 | 4150 | 4200 | 4150 | 4175 | 4100 | 4100 | 4200 | 4100 | 4125 | |
| Packet of Pasta | Power (1 pc) | 500g | 250 | 220 | 250 | 220 | 235 | 220 | 220 | 220 | 220 | 220 | |
| Packet of Pasta | Bonita (1 pc) | 500g | 200 | 220 | 230 | 220 | 217.5 | 200 | 200 | 230 | 220 | 212.5 | |
| Gallon of Palm Oil | Local | 5 Litres | 2700 | 2300 | 2300 | 2200 | 2375 | 2700 | 2300 | 2300 | 2400 | 2425 | |
| Gallon of Palm Oil | Local | 25 Litres | 12000 | 11500 | 12500 | 12500 | 12125 | 12000 | 11500 | 12500 | 13000 | 12250 | |
| Gallon of Vegetable Oil | Local | 5 Litres | 2900 | 3000 | 3000 | 3500 | 3100 | 2900 | 3000 | 3000 | 3500 | 3100 | |
| Gallon of Vegetable Oil | Local | 25 Litres | 14000 | 15000 | 14500 | 15000 | 14625 | 14000 | 15000 | 14500 | 15000 | 14625 | |
| Gallon of Vegetable Oil | Kings | 5 Litres | 3200 | 3000 | 3000 | 2800 | 3000 | 3200 | 3000 | 3000 | 2800 | 3000 | |
| Gallon of Vegetable Oil | Wesson | 5 Litres | 4500 | 3900 | 3900 | 4300 | 4150 | 4500 | 3900 | 3900 | 4300 | 4150 | |
| Gallon of Vegetable Oil | Mamador | 3.8 Litres | 2500 | 2450 | 2500 | 2800 | 2562.5 | 2500 | 2450 | 2500 | 2800 | 2562.5 | |
| Gallon of Vegetable Oil | Power | 3 Litres | 1900 | 1800 | 1800 | 2200 | 1925 | 1900 | 1800 | 1800 | 2200 | 1925 | |
| Bunch of Plantain | Plantain | 1 Bunch | 500 | 500 | 500 | 600 | 525 | 500 | 500 | 500 | 600 | 525 | |
| Bag of Flour | Dangote | 50kg | NA | 13500 | 15000 | 14500 | 14333.333333333 | NA | 13500 | 15000 | 14500 | 14333.333333333 | |
| Bag of Flour | Honey well | 50Kg | 14500 | 13500 | 14500 | 15000 | 14375 | 14500 | 13500 | 14500 | 15000 | 14375 | |
| Bag of Flour | Mama Gold | 50kg | 14000 | 14500 | 14000 | 14000 | 14125 | 14000 | 14500 | 14000 | 14000 | 14125 | |
| Milk | Peak Powdered (Tin) | 400g | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | |
| Milk | peak Powdered(Tin) | 900g | 2350 | 2400 | 2400 | 2300 | 2362.5 | 2350 | 2400 | 2400 | 2300 | 2362.5 | |
| Milk | Peak milk (Refill) | 500g | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | |
| Milk | Dano Powdered (Tin) | 500g | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | |
| Milk | Dano Powdered(Tin) | 900g | 2600 | 2000 | 2000 | 2000 | 2150 | 2600 | 2000 | 2000 | 2000 | 2150 | |
| Milk | Dano (Refill) | 500g | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | |
| Milk | Three Crown (Refill) | 380g | 700 | 700 | 750 | 700 | 712.5 | 700 | 700 | 750 | 700 | 712.5 | |
| Milk | Loya Powdered (Tin) | 400g | NA | 1000 | 1000 | 1050 | 1016.6666666667 | NA | 1000 | 1000 | 1050 | 1016.6666666667 | |
| Milk | Loya (Refill) | 400g | NA | 800 | 850 | 800 | 816.66666666667 | NA | 800 | 850 | 800 | 816.66666666667 | |
| Milk | Coast (Refill) | 500g | NA | 750 | 750 | 750 | 750 | NA | 750 | 750 | 750 | 750 | |
| Cocoa Beverages | Milo (Tin) | 500g | 1000 | 1100 | 1050 | 1000 | 1037.5 | 1000 | 1100 | 1050 | 1000 | 1037.5 | |
| Cocoa Beverages | Milo (Tin) | 900g | 2200 | 2100 | 2100 | 2100 | 2125 | 2200 | 2100 | 2100 | 2100 | 2125 | |
| Cocoa Beverages | Milo Refill | 500g | 1000 | 900 | 900 | 900 | 925 | 1000 | 900 | 900 | 900 | 925 | |
| Cocoa Beverages | Bournvita Refill | 500g | 1000 | 1000 | 950 | 900 | 962.5 | 1000 | 1000 | 950 | 900 | 962.5 | |
| Cocoa Beverages | Bournvita (Plastic) | 900g | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | |
| Cocoa Beverages | Ovaltine Refill | 500g | 850 | 800 | 850 | 850 | 837.5 | 850 | 800 | 850 | 850 | 837.5 | |
| Cocoa Beverages | Ovaltine(Plastic) | 500g | 1100 | 1100 | 1000 | 1100 | 1075 | 1100 | 1100 | 1000 | 1100 | 1075 | |
| Coffee | Nescafe Classic | 50g | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | |
| Tea | Lipton Yellow label | 52g | 300 | 290 | 300 | 300 | 297.5 | 300 | 290 | 300 | 300 | 297.5 | |
| Tea | Top tea | 52g | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | |
| Sugar | St' Loius Sugar(Cube) | 500g | 500 | 550 | 550 | 550 | 537.5 | 500 | 550 | 550 | 550 | 537.5 | |
| Sugar | Golden Penny Sugar (cube) | 500g | 300 | 350 | 350 | 400 | 350 | 300 | 350 | 350 | 400 | 350 | |
| Bread | Val-U | 1 loaf | 450 | 450 | 450 | 500 | 462.5 | 450 | 450 | 450 | 500 | 462.5 | |
| Bread | Butterfield | 1 loaf | 450 | 450 | 500 | 500 | 475 | 450 | 450 | 500 | 500 | 475 | |
| Egg | N/A | Crate | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | |
| Bottled Water (Refill) | Cway | Refill | 600 | 600 | 650 | 600 | 612.5 | 600 | 600 | 650 | 600 | 612.5 | |
| Juice | 5 Alive | 1 litre | 550 | 550 | 550 | 600 | 562.5 | 550 | 550 | 550 | 600 | 562.5 | |
| Juice | Chivita | 1 litre | 550 | 550 | 600 | 550 | 562.5 | 550 | 550 | 600 | 550 | 562.5 | |
| Gas | Refilling | 12.5kg | 3200 | 3200 | 3400 | 3300 | 3275 | 3200 | 3200 | 3400 | 3300 | 3275 | |
| Gas | Refilling | 5kg | 1400 | 1400 | 1400 | 1300 | 1375 | 1400 | 1400 | 1400 | 1300 | 1375 | |
| Tomatoes | Big Basket | round shaped | 14000 | 14000 | 14000 | 14000 | |||||||
| Tomatoes | Medium Basket | round shaped | 8500 | 8500 | 8500 | 8500 | |||||||
| Tomatoes | Small Basket | round shaped | 6000 | 6000 | 6000 | 6000 | |||||||
| Tomatoes | Big Basket | Oval Shaped | 17000 | 17000 | 16000 | 16000 | |||||||
| Tomatoes | Small Basket | Oval Shaped | 9500 | 9500 | 9000 | 9000 | |||||||
| Fish | Kote (Horse Mackerel) | 1 big Fish | 650 | 600 | 600 | 650 | 625 | 650 | 700 | 650 | 650 | 662.5 | |
| Fish | Titus (Mackerel) | 1 big Fish | 600 | 650 | 650 | 750 | 662.5 | 600 | 600 | 600 | 750 | 637.5 | |
| Pepper | Big bag | 17000 | 17000 | 15500 | 15500 | ||||||||
| Pepper | Medium bag | 9000 | 9000 | 6500 | 6500 | ||||||||
| Maize | Yellow | 21000 | 20000 | 19500 | 20166.666666667 | 18000 | 18500 | 16500 | 17666.666666667 | ||||
| Maize | White | 20500 | 19500 | 20000 | 20000 | 17000 | 18000 | 16000 | 17000 | ||||
| Melon | Big bag | 45000 | 48000 | 46500 | 40000 | 36000 | 38000 | ||||||
| Onions | Big bag | Dry Onions | 56000 | 55000 | 55500 | 37000 | 38000 | 37500 | |||||
| Onions | Big bag | New Onions | 40000 | 42000 | 41000 | 25000 | 26000 | 25500 | |||||
| Bush mango seed | (Ogbono) | 1 big bag | 100000 | 100000 | 95000 | 95000 | |||||||
| Frozen food | Full chicken | Carton | 14500 | 14000 | 15000 | 14500 | 13500 | 13500 | 15000 | 14000 | |||
| Frozen food | Chicken lap | Carton | 14000 | 14000 | 15000 | 14333.333333333 | 13000 | 15000 | 14000 | ||||
| Frozen food | Turkey | Carton | 19000 | 18000 | 18000 | 18333.333333333 | 17000 | 17500 | 17500 | 17333.333333333 | |||
| Crayfish | 12000 | 13000 | 12500 | 13000 | 13000 | 13000 |
About Nairametrics Food Price Survey
Nairametrics Food Price Watch, is a bi-weekly Household Market Survey that covers the prices of major food items in Nigeria, with emphasis on five major markets in Lagos – Mushin market, Daleko market, Oyingbo market, Idi-Oro market, and Mile 12 market.
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jhugo
February 18, 2020 at 8:03 am
According to an MTN user,
Mubarak salisu
February 18, 2020 at 12:53 pm
Thank you we happy
Said Salla
February 18, 2020 at 3:45 pm
Bit the mtn is now the worse telcom in Nigeria with regards to poor Internet speed, quick data consumption as well as poor calls services. I am very disappointed with mtn.
Anonymous
February 18, 2020 at 11:02 pm
Glo data seems to be the best now, but their 4g don’t work on some phones.
Kingsley Smart
February 18, 2020 at 11:28 pm
Glo should better up their connectivity game
Chikel
February 19, 2020 at 1:43 am
Honestly, I wonder what these telcos use their money for. 4G speed is abysmal in Nigeria. Only Airtel 4G is fast and relatively stable, MTN 4G come and goes like NEPA while Glo 4G is a joke. It’s even slower than Airtel 3G!
Lovely
February 19, 2020 at 7:56 am
To increase there subscribers , I think they need to find a way to planet there Mass very where, especially that Glo. Airtel is making it for my side here
UOGroup
February 19, 2020 at 7:57 am
You are right
Anonymous
July 14, 2020 at 10:21 am
I is true
Shina Arogundade
February 20, 2020 at 11:39 am
Kindly verify this statement
“It is important to note that in June and August 2019, 845.3 million data subscribers dumped MTN for other networks.”
Chijioke Anthony
July 7, 2020 at 1:40 pm
MTN is never the best in terms data and network even with the help of 4G MTN should be competing with glo and for glo they like money ritualist the would give u huge amount of data and take ur network… So Airtel is the best,and have a reliable and fast network likewise 9mobile