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  1. Using their trading system, Zack's experts give you their prediction for COST in free RPT. Should you pass or buy Costco? Zacks experts tell all in a a new free Special Report.

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  1. Aug 1, 2022 · The average price of preparing a pot of jollof rice jumped 8.3% to 9,311 nairas, or $22, in the second quarter of 2022, from 8,595 nairas in the first quarter. Shoremi buys and cooks his own food ...

    • Emmanuel Abara Benson
  2. Oct 30, 2023 · October 30, 2023 at 8:57 AM PDT. Listen. 2:00. Nigerians are being pinched by rising food prices where it hurts the most: Rice, the main ingredient for making jollof, a popular delicacy in many ...

    • Anthony Osae-Brown
  3. May 9, 2024 · May 9, 2024 at 1:51 AM PDT. Listen. 2:33. The price of rice — the main ingredient in Nigeria’s favorite jollof dish — more than doubled in March, placing more pressure on household incomes ...

    • Anthony Osae-Brown
  4. Apr 20, 2023 · A recent report says that the average cost of preparing a pot of jollof rice for a family of five in Nigeria has surged to the highest in almost seven years. The Jollof Index by SBM Intelligence reflects the rising prices of things in the country, from food to fuel. Cost of Jollof rice soars in Nigeria to a seven-year high Credit: Osarieme Eweka.

  5. Dec 22, 2023 · File image of Jollof rice dish. Nigeria emerged as the front-runner in the African market for local food consumption in 2023, with jollof rice prominent. A survey by Glovo showed that local food ...

  6. Apr 27, 2024 · The cost of preparing jollof rice in Nigeria, a staple food for many, has increased by 29.3% from N13,106 in October 2023 to N16,955 in March 2024, according to SB Morgen (SBM) Intelligence. This is due to the depreciation of the Naira, which has led to high food affordability issues as Nigeria relies heavily on food imports. The country's inflation rate also rose to 33.20% in March 2024, with ...

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  8. May 21, 2021 · According to the latest SBM Jollof Index report, the average cost of making a pot of jollof rice rose by 7.8 per cent between March 2020 and March 2021. The sharp spike in the cost of preparing the delicacy was attributed to a number of events which impacted on food prices. The negative impacts of the COVID-19 lockdown from March to May 2020 ...