In September 2026, the prices of beans in Nigeria exhibited a mixed trend, with three out of four tracked categories experiencing declines compared to the previous month. The most significant drop was observed in Oloyin beans sold by the derica, while Drum beans showed varied movements across different measurements.

Oloyin beans, a popular choice among consumers, saw a notable price reduction. The cost for a 3.3kg paint of Oloyin beans fell from ₦4,942.50 in August to ₦4,885 in September, reflecting a decrease of ₦57.50 or approximately 1.2%. However, the most substantial decline was recorded for the derica measurement, where the price for 0.65kg of Oloyin beans dropped from ₦1,032.12 to ₦969.44, marking a ₦62.68 reduction or about 6.1%. This significant drop means that purchasing smaller quantities of Oloyin beans became more affordable for consumers.

Drum beans also experienced a decrease in price when sold by the derica. The cost for 0.65kg of Drum beans fell from ₦925 to ₦875, resulting in a ₦50 reduction or 5.4%. Conversely, the price for a full paint of Drum beans saw a slight increase, rising from ₦4,433.75 to ₦4,440, which translates to a minimal increase of ₦6.25 or about 0.1%. This indicates that while some categories of beans saw price drops, the overall market did not experience a widespread price crash.

The mixed pricing trends suggest that while consumers may benefit from lower costs for smaller quantities of certain beans, the prices for bulk purchases remain relatively stable. The overall data for September indicates a modest easing in beans prices, particularly benefiting households that rely on beans as a staple source of protein.

Additionally, broader market data indicates that food prices generally eased across various markets in Lagos during September, although some commodities continued to see price increases. This mixed performance in the beans market reflects the complexities of food pricing in Nigeria, where local supply and demand dynamics play a crucial role in determining costs.