Rice prices rise as foreign brands hit N90,000

Rice prices rise as foreign brands hit N90,000.

Rice prices rise as foreign brands hit N90,000 Rice prices have increased in major Nigerian markets, with a 50kg bag of foreign rice selling for as much as N90,000 in Abuja, Daily Trust reports.

The development has raised concerns about further increases as the festive season approaches.

A market survey showed that the price of some foreign rice brands in Abuja jumped from […] Rice prices have increased in major Nigerian markets, with a 50kg bag of foreign rice selling for as much as N90,000 in Abuja, Daily Trust reports.

The increase is raising fears that locally produced rice could become more expensive as the two categories compete for consumers in the market. A market price report by Useagrios showed that the average price of a 50kg bag of rice across 37 markets nationwide stood at N79,207 as of November 9, 2026. In Lagos, the price stood at N85,744 at Mile 12 Market, while Abuja’s Garki Model Market recorded N84,443. Other markets also recorded high prices, including Oil Mill Market in Rivers State at N83,530, Ogbeogonogo Market in Delta State at N82,835 and Swali Market in Bayelsa State at N82,797.

MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with Daily Trust.