Research Analysis
Big 4 earn N 7.53 billion auditing Nigeria’s biggest companies
A ranking of which audit firms earned the most of 25 of the largest companies on the NSE.

Published
8 months agoon

The four biggest audit firms in Nigeria PWC, KPMG, Deloitte, Ernst and Young earned a sum of N7.53 billion as audit fees from Nigeria’s most capitalized firms in 2019.
The fees were earned by auditing 25 of the largest companies on the Nigerian stock exchange. According to data from Nairalytics, a research arm of Nairametrics, the four firms increased their revenue by 5% compared to N7.17 billion generated from the same companies in 2018. Nairalytics based its analysis on quoted companies as they are by law required to publish their annual reports. Private companies are not mandated to publish their annual reports in Nigeria.
Competition between the big 4 audit firms as they are classified intensified in the period under review as our research showed that PWC carted with the highest share having earned auditing some of the largest companies on the stock exchange. KPMG was a close second and is often thought to be the largest audit firm in the country by revenue when you add several other privately listed firms that they audit.
However, in this analysis, we looked at figures contained in the audited accounts of the largest 25 companies on the stock exchange who make up over 80% of market capitalization. The companies include, Access Bank, GT Bank, Dangote Sugar, Dangote Cement, Zenith Bank, UBA, Guinness Nigeria, NB Plc, Intl. Breweries, BUA Cement, NASCON, Dangote Sugar. Others include, Fidelity Bank, Total Plc, Flour Mills Plc, Transcorp, Seplat, Sterling Bank, FBNH, Stanbic IBTC, Union Bank, Custodian Investment, Nestle, Unilever and FCMB.
READ MORE: NNPC releases audited financial statements, refineries record losses of N154 billion
PWC
PWC grew its income from N3.39 billion in 2018 to N3.59 billion in 2019. Its earnings are diversified across banking, brewery, consumer goods and cement sectors. The banking sector contributed a significant 91.8% (N3.29 billion) of its total income, one of which includes GT bank, the most capitalized bank on the stock market. The audit firm received N791 million from the bank representing 23% of total revenue earned by the firm.
PWC was on the books of MTN Nigeria in 2018, earning N271 million from auditing their accounts but has been replaced by another firm, Grant Thornton in 2019. However, it replaced that loss with a N389 million increase in income from banking between 2018 and 2019.
Banking – 2018 N2.9 billion/ 2019 N3.2 billion.
Brewery – 2018 N98 million/2019 N98 million
Cement – 2018 N39 million/2019 N114 million
Consumer Goods – 2018 N71 million/2019 N80 million
Telecomm – 2018 N271 million/ 2019 Nil
Companies – Access Bank, FBNH, GT Bank, UBA, Guinness Nigeria, International Breweries, BUA Cement, Dangote Sugar, NASCON.
READ ALSO: Some experts are uncertain of what to expect from money markets in H2 2020
KPMG
The international audit firm grew its earnings by 5.5% from its 8 clients on our list from N2.37 billion received in 2018 to N2.51 billion in 2019. The banking sector remained a dominant source of revenue for the audit firms with about 76% of total revenue accrued. Zenith Bank paid KPMG about N892 million in audit fees in 2019 representing 35.6% of the audit firms’ earnings auditing top firms. Zenith Bank is also Nigeria’s most profitable bank. KPMG also audited a diversified list of quoted companies across the banking, cement, consumer goods and oil & gas sectors.
Banking – 2018 N1.8 billion/ 2019 N1.88 billion.
Cement – 2018 N128 million/2019 N128 million
Consumer Goods – 2018 N404 million/2019 N443 million
Oil and Gas – 2018 N36 million/ 2019 N46 million
Companies – FCMB, Stanbic IBTC, Union Bank, Zenith Bank, Lafarge, Flour Mills Plc, Unilever, Total Plc.
EY
Ernst and Young came third on our list with a total earning of N746 million in 2019 from five companies on our tracker list. The five companies include, Fidelity bank, Sterling bank, Custodian Investment, Transnational corporation and Seplat Petroleum.
However, the firm’s earnings recorded a slight decline when compared to N752 million recorded in 2018. This was due to the reduction in audit fees received from Seplat Petroleum. EY only has two banks on its list and this includes Fidelity and Sterling Bank both contributing a combined N414 million in earnings last year.
Banking – 2018 N413 million/2019 N414 million
Oil and Gas – 2018 N180 million/2019 N170 million
Others – 2018 N159 million/2019 N162 million.
Companies –Fidelity Bank, Sterling Bank, Seplat, Transcorp, Custodian Investment
Deloitte
The oldest indigenous accounting firm in Nigeria earned a total of N691.6 million in audit fees in 2019 compared to N660 million in 2018. Surprisingly, Deloitte does not have any of the major banks included in our list but works with Ahmed Zakaria to audit the accounts of one of the largest cement company in the country, Dangote Cement. Other companies on the list include, Presco, Nigerian Breweries, and Nestle Nigeria.
Deloitte in Nigeria is a merger between Akintola Williams and Deloitte Global.
Agriculture – 2018 N29 million/2019 N31.6 million
Brewery –2018 N57 million/2019 N61 million
Cement – 2018 N539 million/2019 N561 million.
Consumer Goods – 2018 N35 million/2019 N38 million
Companies – Presco, NB, Dangote Cement, Nestle.
A look at what happened in 2017
A similar study carried out by Nairametrics in 2017 showed that the big 4 audit firms earned a sum of N6.4 billion as audit fees in 2016 with PWC scooping the most earnings of N2.5 billion followed by KPMG with N2 billion. Ernst and Young also earned about N1.1 billion in 2016 and Deloitte earned N530.2 million in audit fees.
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.


Research Analysis
Chart of the day: It’s a V Shaped Recovery
A V-Shaped recovery means the Nigeria economy recovered faster than was expected
Published
2 weeks agoon
February 18, 2021
The chart above is V-Shaped!
Nigeria’s Bureau of Statistics revealed on Tuesday that Nigeria reported a real GDP Growth rate of 0.11% for the fourth quarter of 2020, the first time following three consecutive quarters of negative GDP growth rate.
Why this matters
- A V-shaped recovery means the economy got out of a recession faster than expected.
- Several analysts had various predictions on what Nigeria’s economic recovery chart might look like. The predictions were between U, V, L, or W, shaped.
- This was also the headline of the Nairametrics Q3 2020 Economic Outlook Webinar where most of our panelists settled for a U-shaped recovery.
- Most analysts had opined that Nigeria’s GDP Growth rate will contract again in the 4th quarter of 2020 before eeking our growth in the first quarter of 2021.
- However, the latest GDP number indicates a GDP growth rate in the 4th quarter thus a V-shaped recovery.
At 0.11%, this is the slowest GDP Growth rate Nigeria has recorded since the GDP was rebased in 2011. In the second quarter of 2017 when Nigeria also exited a recession, the GDP Growth rate was 0.72% and was considered relatively tepid at the time.
Exclusives
Prices of local rice, onions, tomatoes, others crash as foreign rice continues to ease off
This report contains information on items that witnessed price increase, price decrease, as well as information on special markets and insights.

Published
2 months agoon
January 15, 2021
It appears Nigerians are in for good times in the new year, as the price of bags of local and foreign rice, onions, pepper, tomatoes, amongst others recorded a significant drop in price.
This is according to the latest market survey, carried out by Nairalytics Research – the research arm of Nairametrics.
The survey revealed that the price of a 50kg bag of locally produced rice dipped by 6.4% from an average of N25,375 recorded in December to an average of N23,750 while a bag of foreign rice of the same size now sells for an average of N24,500 as against an initial average of N26,125.
READ: Quality of local rice improves as food prices drop across major markets
Also, the price of a bag of dry onions dropped by 77.5% to sell for an average of N21,500 compared to an initial average of N95,500 while the price of new onions crashed by 74.6% to sell for an average of 16,500.
This report contains information on items that witnessed price increase, price decrease, as well as information on special markets and insights.
READ: Inflation rate jumps to 12.13%, highest in 21 months
Items that witnessed price increase
- A big bag of melon that was sold for an average of N43,500 in December now sells for an average of N45,000. This represents an increase of 3.45% in three weeks.
- A nylon of crayfish now sells for an average of N14,250, representing an increase of 9.6% compared to an initial average of N13,000.
- The price of a big tuber of yam spiked by 31.2% to sell for an average of N1,000 as against an initial average of N763.
- Also, a medium-sized tuber of yam now sells for an average of N588, indicating an increase of 11.9% compared to an initial average of N525.
- A big basket of sweet potatoes that was sold for an initial average of N5,500, witnessed an increase of 9.1% to sell for an average of N6,000.
- The price of a small-sized basket increased by 3.6% to sell for an average of N727 from an initial average of N700.
- Also, a big basket of Irish potatoes now sells for an average of 25,000 as against an initial average of N20,000. This represents an increase of 25% in three weeks.
READ: FG warns local rice dealers to desist from price hike
Items that witnessed price decrease
- A big basket of round shaped tomatoes that was sold for an average of N15,000 in December, now sells for an average of N6,500. This represents a price decrease of 56.7% in three weeks.
- Also, the price of a medium-sized basket of round shaped tomatoes reduced by 64.7% to sell for an average of N3,000 as against an initial average of N8,500.
- A big bag of pepper now sells for an average of N7,750. This is 61.3% lower than an average of N20,000 recorded in December while a medium-sized bag currently sells for an average of N3,750 as opposed to an initial average of N10,000.
- A 50kg bag of brown beans currently sells for an average of N30,000, representing a 27.7% decline in price compared to an initial average of N41,500.
- The price of a 10kg bag of Mama Gold rice dipped by 8.3% to sell for an average of N4,400 compared to an initial average of N4,800.
- Also, a 50kg bag of Royal Stallion rice that was initially sold for an average of N26,125 now sells for an average of N24,500 while Mama Gold rice of the same size sells for an average of N24,875 as against an initial average of 26,125.
- The price of a carton of full chicken recorded a marginal decrease of 0.29% to sell for an average of N14,125 compared to an initial average of N14,167.
- A big bag of Bush mango seeds (Ogbono) that was sold for an average of N115,000 during Christmas festivity, now sells for an average of N105,000. This represents a price decrease of 8.7%.
READ: Why onion has become the “new gold” in Nigeria
Items that maintained initial prices
- A crate of eggs continues to sell for an average of N1,200, the same as recorded in December.
- A big bag of yellow maize is still sold for an average of N20,167, while a bag of white maize costs an average of N20,000.
- A bag of yellow maize sells for an average of N23,333, the same as recorded in December, while white maize of the same size still sells for an average of N23,167.
- A 50kg bag of Honey well and Mama Gold flour sells for N13,950 and N13,850 respectively, while a bag of Dangote flour sells for an average of N13,750.
- Horse fish (Kote) and Titus fish still sell for an average of N613 and 638 respectively across markets in Lagos.
- A 50kg bag of garri (Ijebu) still sells for an average of N14,375, while white and yellow garri sell for an average of N10,750 and N11,125 respectively.
- Amongst the list of food items that maintained their initial prices include: noodles, beverages, cocoa drinks, sugar, water, and juice.
- A 12.5kg cylinder of cooking gas is filled for an average of N3,975, while a 5kg cylinder is filled for an average of N1,750.
READ: Betting on Bitcoin is better than investing in PayPal, Google, Facebook, Amazon
Special markets/items
- Several customers were sighted at Mile-12 market negotiating and transacting with traders at different units of the market as the prices of most food items recorded a significant decline in price compared to the just-concluded year.
- In an interview with a tomato seller at Mushin market, Mr. Bala, explained that the decline in the price of tomatoes is due to seasonal fluctuations and increased supply of the food item.
- He stated that there has been a huge amount of harvest during this period, which has caused an increased supply of tomatoes coming from the north, and as a result driving the price of the commodity downwards. He however mentioned that oval-shaped tomatoes are not currently in the market, only round-shaped tomatoes were harvested and supplied to the market.
- The price of foreign rice has continued to witness a significant decrease in the past four weeks, largely due to the reopening of some land borders across the country. Also, the price of locally produced rice trickled down last week due to the new influx of foreign rice.
- According to our correspondent at Daleko market, Mrs. Oladayo, she explained that foreign-made rice is of two types for each of the brands, long and short. A 50kg of the long grain of rice sells for an average of N24,000 in the market, while the bag of short grains sells for an average of N24,000.
- Although, a 50kg bag of Big Bull rice sells for an of N24,000 some Nigerian made rice are now selling for as low as N18,000 and N17,000. She however warned that some of these brands are quite stony. For example, Zainab rice sells for an average of N17,000 at Daleko market.
READ: No giving up, Bitcoin gains $5,000
Market insights
- In an interactive session with an Onion seller at Mile-12 market, it was revealed that the reason for the significant nosedive in the price of onions was due to bountiful harvest towards the end of December.
- According to Muhammed, he said this is a period for onion harvest and it is only normal for the price to decline, although it seemed like a significant decline due to the irregular hike witnessed in the price of onions last year as a result of some string of events, such as insecurity, lack of harvest, etc.
- He further mentioned that the reduction in the price of onions is a very positive development for the year, considering the hardship experienced by many Nigerians during the past year.
- “We are happy that the price of onions and other food items have dropped in recent times and we hope it continues this way, because the lesser the price, the more customers are likely to buy,” He added.
- In a bid to understand the cause of the increase in the price of potatoes, Mr. Audu explained to Nairalytics that the price of potatoes increased due to the effect of seasonal fluctuations.
Items | Brand | Unit | MUSHIN (7/1/2021) | DALEKO (7/1/2021) | OYINGBO (7/1/2021) | MILE 12 (7/1/2021) | Average | MUSHIN (17/12/2020) | DALEKO (17/12/2020) | OYINGBO (17/12/2020) | MILE 12 (17/12/2020) | Average | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Bag of Rice | Mama Gold | 10kg | 4400 | 4200 | 4500 | 4500 | 4400 | 4600 | 4800 | 4800 | 5000 | 4800 | |
Bag of Rice | Royal Stallion | 50Kg | 25000 | 24000 | 25000 | 24000 | 24500 | 26000 | 25500 | 26000 | 27000 | 26125 | |
Bag of Rice | Rice Master | 10kg | NA | 4300 | 4300 | 5000 | NA | 4500 | 4750 | ||||
Bag of Rice | Mama Gold | 50kg | 25000 | 24000 | 24500 | 26000 | 24875 | 26000 | 25500 | 26000 | 27000 | 26125 | |
Bag of Rice | Caprice | 50kg | 25000 | 22000 | 24000 | 25000 | 24000 | 26000 | 25500 | 26000 | 27000 | 26125 | |
Bag of Rice | Mama's Pride | 50kg | 23000 | 24000 | 24000 | 24000 | 23750 | 25500 | 25000 | 25000 | 26000 | 25375 | |
Bag of Beans | Oloyin | 50kg | 20000 | 21000 | 20000 | 20333.333333333 | 20000 | 21000 | 21000 | 20000 | 20500 | ||
Bag of Beans | White | 50kg | 40000 | 45000 | 43000 | 42666.666666667 | 40000 | 43000 | 45000 | 43000 | 42750 | ||
Bag of Beans | Brown | 50kg | 32000 | 30000 | 30000 | 28000 | 30000 | 43000 | 38000 | 42000 | 43000 | 41500 | |
Tuber of Yam | Abuja | 1 Big Size Tuber | 1000 | 900 | 1100 | 1000 | 1000 | 800 | 750 | 700 | 800 | 762.5 | |
Tuber of Yam | Abuja | 1 Medium Size Tuber | 550 | 600 | 550 | 650 | 587.5 | 550 | 500 | 550 | 500 | 525 | |
Carton of Noodles | Indomie | 305g (Belle full) | 3200 | 3250 | 3300 | 3300 | 3262.5 | 3200 | 3250 | 3300 | 3300 | 3262.5 | |
Carton of Noodles | Indomie | 200g (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 | 80kg | 14500 | 14000 | 14500 | 14500 | 14375 | 14500 | 14000 | 14500 | 14500 | 14375 | |
Bag of Garri | White | 50kg | 10500 | 11000 | 11000 | 10500 | 10750 | 10500 | 11000 | 11000 | 10500 | 10750 | |
Bag of Garri | Yellow | 50kg | 11000 | 11000 | 11500 | 11000 | 11125 | 11000 | 11000 | 11500 | 11000 | 11125 | |
Basket of Potato | Sweet | Big Basket | 6000 | 6000 | 5500 | 5500 | |||||||
Basket of Potato | Sweet | Small Basket | 700 | 750 | 725 | 700 | 700 | 700 | |||||
Basket of Potato | sweet | Smallest Basket | 400 | 300 | 350 | 400 | 250 | 325 | |||||
Basket of Potato | Irish | Biggest Basket | 25000 | 25000 | 25000 | 20000 | 20000 | 20000 | |||||
Basket of Potato | Irish | Medium Basket | 2600 | 2600 | 2500 | 2500 | |||||||
Basket of Potato | Irish | Small Basket | 1700 | 1600 | 1650 | 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 | 4300 | 4300 | 4300 | 4275 | 4200 | 4300 | 4300 | 4300 | 4275 | |
Packet of Pasta | Power (1 pc) | 500g | 250 | 230 | 250 | 230 | 240 | 250 | 230 | 250 | 230 | 240 | |
Packet of Pasta | Bonita (1 pc) | 500g | 220 | 230 | 230 | 220 | 225 | 220 | 230 | 230 | 220 | 225 | |
Gallon of Palm Oil | Local | 5 Litres | 2700 | 2600 | 2800 | 2600 | 2675 | 2700 | 2600 | 2800 | 2600 | 2675 | |
Gallon of Palm Oil | Local | 25 Litres | 13000 | 13000 | 13000 | 13000 | 13000 | 13000 | 13000 | 13000 | 13000 | 13000 | |
Gallon of Vegetable Oil | Local | 5 Litres | 3400 | 3400 | 3500 | 3400 | 3425 | 3400 | 3400 | 3500 | 3400 | 3425 | |
Gallon of Vegetable Oil | Local | 25 Litres | 16000 | 17000 | 17000 | 16500 | 16625 | 16000 | 17000 | 17000 | 16500 | 16625 | |
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 Plaintain | Plantain | 1 Big Bunch | 500 | 600 | 500 | 600 | 550 | 500 | 600 | 500 | 600 | 550 | |
Bag of Flour | Dangote | 50kg | 13600 | 13600 | 13800 | 14000 | 13750 | 13600 | 13600 | 13800 | 14000 | 13750 | |
Bag of Flour | Honey well | 50Kg | 14000 | 13600 | 14000 | 14200 | 13950 | 14000 | 13600 | 14000 | 14200 | 13950 | |
Bag of Flour | Mama Gold | 50kg | 13800 | 13600 | 14000 | 14000 | 13850 | 13800 | 13600 | 14000 | 14000 | 13850 | |
Milk | Peak Powdered (Tin) | 400g | 1200 | 1300 | 1200 | 1250 | 1237.5 | 1200 | 1300 | 1200 | 1250 | 1237.5 | |
Milk | peak Powdered(Tin) | 900g | 2800 | 2750 | 2700 | 2750 | 2750 | 2800 | 2750 | 2700 | 2750 | 2750 | |
Milk | Peak milk (Refill) | 500g | 1200 | 1100 | 1200 | 1200 | 1175 | 1200 | 1100 | 1200 | 1200 | 1175 | |
Milk | Dano Powdered (Tin) | 500g | 1200 | 1200 | 1100 | 1200 | 1175 | 1200 | 1200 | 1100 | 1200 | 1175 | |
Milk | Dano Powdered(Tin) | 900g | 2600 | 2500 | 2400 | 2500 | 2500 | 2600 | 2500 | 2400 | 2500 | 2500 | |
Milk | Dano (Refill) | 500g | 1000 | 950 | 1000 | 1000 | 987.5 | 1000 | 950 | 1000 | 1000 | 987.5 | |
Milk | ThreeCrown (Refill) | 380g | 800 | 750 | 800 | 750 | 775 | 800 | 750 | 800 | 750 | 775 | |
Milk | Loya Powdered (Tin) | 400g | 1000 | 1100 | 1100 | 1050 | 1062.5 | 1000 | 1100 | 1100 | 1050 | 1062.5 | |
Milk | Loya (Refill) | 400g | 900 | 800 | 850 | 800 | 837.5 | 900 | 800 | 850 | 800 | 837.5 | |
Milk | Coast (Refill) | 500g | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | |
Cocoa Beverages | Milo (Tin) | 500g | 1500 | 1450 | 1500 | 1450 | 1475 | 1500 | 1450 | 1500 | 1450 | 1475 | |
Cocoa Beverages | Milo (Tin) | 1kg | 2500 | 2450 | 2400 | 2500 | 2462.5 | 2500 | 2450 | 2400 | 2500 | 2462.5 | |
Cocoa Beverages | Milo Refill | 500g | 1100 | 1100 | 1000 | 1100 | 1075 | 1100 | 1100 | 1000 | 1100 | 1075 | |
Cocoa Beverages | Bournvita Refill | 500g | 1300 | 1300 | 1200 | 1300 | 1275 | 1300 | 1300 | 1200 | 1300 | 1275 | |
Cocoa Beverages | Bournvita (Plastic) | 900g | 2200 | 2200 | 2300 | 2200 | 2225 | 2200 | 2200 | 2300 | 2200 | 2225 | |
Cocoa Beverages | Ovaltine Refill | 500g | 1000 | 900 | 1000 | 950 | 962.5 | 1000 | 900 | 1000 | 950 | 962.5 | |
Cocoa Beverages | Ovaltine(Plastic) | 500g | 1500 | 1500 | 1450 | 1400 | 1462.5 | 1500 | 1500 | 1450 | 1400 | 1462.5 | |
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' Louis Sugar(Cube) | 500g | 600 | 600 | 600 | 550 | 587.5 | 600 | 600 | 600 | 550 | 587.5 | |
Sugar | Golden Penny Sugar (cube) | 500g | 400 | 350 | 400 | 400 | 387.5 | 400 | 350 | 400 | 400 | 387.5 | |
Bread | Val-U | 1 loaf | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | |
Bread | Butterfield | 1 loaf | 450 | 450 | 400 | 450 | 437.5 | 450 | 450 | 400 | 450 | 437.5 | |
Egg | N/A | Crate | 1200 | 1200 | 1250 | 1200 | 1212.5 | 1200 | 1200 | 1250 | 1200 | 1212.5 | |
Bottled Water (Refill) | Cway | Refill | 600 | 650 | 600 | 600 | 612.5 | 600 | 650 | 600 | 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 | 4000 | 4000 | 3900 | 4000 | 3975 | 4000 | 4000 | 3900 | 4000 | 3975 | |
Gas | Refilling | 5kg | 1700 | 1800 | 1800 | 1700 | 1750 | 1700 | 1800 | 1800 | 1700 | 1750 | |
Tomatoes | Big Basket | round shaped | 6500 | 6500 | 15000 | 15000 | |||||||
Tomatoes | Medium Basket | round shaped | 3000 | 3000 | 8500 | 8500 | |||||||
Tomatoes | Small Basket | round shaped | 2500 | 2500 | 5500 | 5500 | |||||||
Tomatoes | Big Basket | Oval Shaped | NA | 10000 | 10000 | ||||||||
Tomatoes | Small Basket | Oval Shaped | NA | 6000 | 6000 | ||||||||
Fish | Kote (Horse Mackerel) | 1 kg | 650 | 600 | 600 | 600 | 612.5 | 650 | 600 | 600 | 600 | 612.5 | |
Fish | Titus (Mackerel) | 1 kg | 600 | 650 | 650 | 650 | 637.5 | 600 | 650 | 650 | 650 | 637.5 | |
Pepper | Big bag | 8000 | 7500 | 7750 | 20000 | 20000 | |||||||
Pepper | Medium bag | 4000 | 3500 | 3750 | 10000 | 10000 | |||||||
Maize | Yellow | 25000 | 22000 | 23000 | 23333.333333333 | 25000 | 22000 | 23000 | 23333.333333333 | ||||
Maize | White | 25000 | 22500 | 22000 | 23166.666666667 | 25000 | 22500 | 22000 | 23166.666666667 | ||||
Melon | Big bag | 45000 | 45000 | 45000 | 43500 | 43500 | 43500 | ||||||
Onions | Big bag | Dry Onions | 26000 | 17000 | 21500 | 94000 | 97000 | 95500 | |||||
Onions | Big bag | New Onions | 20000 | 13000 | 16500 | 65000 | 65000 | 65000 | |||||
Bush mango seed | (Ogbono) | 1 big bag | 105000 | 105000 | 115000 | 115000 | |||||||
Frozen food | Full chicken | Carton | 14000 | 14500 | 14000 | 14000 | 14125 | 14500 | 14000 | 14000 | 14166.666666667 | ||
Frozen food | Chicken lap | Carton | 13500 | 14000 | 14000 | 14000 | 13875 | 14000 | 14000 | 14000 | 14000 | ||
Frozen food | Turkey | Carton | 18000 | 18500 | 19000 | 18500 | 19000 | 19000 | 19000 | 19000 | |||
Crayfish | Nylon | 14000 | 14500 | 14250 | 12500 | 13500 | 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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