The average cost of preparing a pot of jollof rice for a family of five in Nigeria rose to ₦30,435 in the first quarter of 2026, marking a 19.4% increase in six months, according to a new report by SBM Intelligence yesterday. The report links the surge to rising fuel prices, transport disruptions, and global energy shocks triggered by conflict in the Middle-East, which pushed Brent crude above $110 per barrel and drove up domestic fuel costs. According to the report, petrol prices in major cities climbed above ₦1,300 per…
Read More‘Cost of cooking jollof rice in Nigeria hit ₦30,435 in Q1 2026’ – Report
