Tuesday, July 21, 2026

Spaghetti jumps to N950 from N80, single egg N300, butter N1,400, sardine N1,020: Market Survey

On Thursday, the National Bureau of Statistics (NBS) said Nigeria’s inflation rate climbed to 29.90 per cent in January 2024. 

• February 16, 2024
Spaghetti, Sardine, Butter and Egg
Spaghetti, Sardine, Butter and Egg

Since President Bola Tinubu assumed office on May 29, 2023, his economic policies have made life more difficult for Nigerians as the prices of staple food have gone up amid worsening inflation.

On Thursday, the National Bureau of Statistics (NBS) said Nigeria’s inflation rate climbed to 29.90 per cent in January 2024.

Market findings have now revealed that one pack of Spaghetti that was formerly N80 is now N950; one carton of Titus fish which used to be N40,000, is now N76,000; one medium size of Blue Band butter that was once N500, is now N1,400; the price of 50kg bag of rice has risen to N77,000 from N35,000, while a 100kg bag of dry white old maize that used to be N18,000 is now sold for N58,000.

Other prices of other food items include: one packaged Titus sardine which used to be N350, is now N1,020; a single pack of Indomie is now N150 from N50; a pack of salt is sold at N400 from N100; the small size of Semovita now goes for N700 from N300; a single egg now costs N300 from N110; a paint bucket of garri that was sold at N1,000, is now N3,000; the price of a paint bucket of beans has risen from N1,500 to N3,000 while the price of a small goat has risen from N15,000 to N35,000.

Furthermore, a big Butterfield bread that was once sold for N350 now costs N900; the price of the cheapest toothpaste, which is MyMy, has now jumped from N150 to N500 while transportation costs along with the cost of a bus to load plantains from Ondo to Ogun State costs N100,000.

The Nigeria Labour Congress, on Friday, declared a two-day nationwide strike billed for February 27 and 28, 2024, to make the federal government address the rising hunger and economic hardship in the country.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Nigerian Senate

Education

Senate extends investigation into safe schools initiative programme

The Senate also expanded the committee’s scope to include investigation of TETFund, NELFUND, and UBEC.

NITDA

NationWide

NITDA advocates coordinated approach across MDAs to bolster cybersecurity

Mr Inuwa said that exposure to cyber threats in one government agency could expose others to cyber threats.

Andy Burnham

Economy

British PM Andy Burnham cuts tax on electricity

Effective October 1, Britons will be excused from paying VAT on electricity, and the cost will be taken from the cancelled £1.8 billion digital ID programme, Downing Street said.

World

India’s youth-led Cockroach movement vows to continue protest after police crackdown

The protesters demanded accountability over police brutality against young students during Monday’s clashes.

NAFDAC

Hot news Home top

NAFDAC blacklists Onifam laboratories, MD, directors over regulatory violations 

Mrs Adeyeye noted that the blacklist would remain in force until otherwise directed by NAFDAC management.

France Senate

World

French senators restrict under-15 from social media

This ban will place France as the first country in Europe to adopt such a law months after Australia implemented a similar law for under-16s in December 2025.