Rice prices have eased across Nigeria, with July and August recording the lowest prices compared to the same period in 2025

Dealers revealed that the prices of rice have moderated in the past three months, providing relief for consumers

Current market surveys show that big brands such as Mama Gold, Big Bull and others have released fresh prices

Pascal Oparada is a journalist with Legit.ng , covering technology, energy, stocks, investment, and the economy for over a decade.

Rice prices in Nigeria are showing signs of moderation after months of elevated prices, although consumers are yet to see a dramatic nationwide crash.

Recent market data indicates that the median price of a 50kg bag of Nigerian rice stood at about ₦55,000 at the end of August 2026, unchanged from the level recorded in early June.

The price briefly dropped to about ₦52,000 in late July before returning to ₦55,000 in August.

The figures suggest that while rice has become cheaper in some markets and for some brands, the broader market is currently stable rather than experiencing a sustained price decline.

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