Coconut oil has become one of the most sought-after natural products in Nigerian homes, from skincare routines to cooking pots.
But with changing market trends and inflation, many Nigerians are asking, “What is the current coconut oil price in Nigeria?”
After checking several local markets, wholesalers, and mini retailers, here’s a clear and realistic breakdown of the average coconut oil prices across Nigeria currently.
Cost of Coconut Oil in Nigeria
The current average price of coconut oil in Nigerian markets ranges between ₦8,000 and ₦14,000 per 5 liters, depending on location, brand, and oil extraction quality.
The one-liter coconut oil price typically falls between ₦1,800 and ₦3,000, reflecting ongoing fluctuations in coconut supply and processing costs.
Prices may vary slightly across regions and packaging types, as detailed in the list below.
Coconut Oil Price List in Nigeria ( Average Market Rates)
Here’s a simplified overview of the current coconut oil prices across Nigeria.
These prices represent average retail and wholesale estimates based on recent market surveys:
| Quantity / Packaging | Average Market Price (₦) | Remarks |
| 100ml Coconut Oil | ₦800 – ₦1,200 | Common in beauty & skincare use |
| 250ml Coconut Oil | ₦1,500 – ₦2,500 | For home and personal care |
| 500ml Coconut Oil | ₦3,000 – ₦4,500 | Popular household size |
| 1 Liter Coconut Oil | ₦1,800 – ₦3,000 | Cooking and small business use |
| 2 Liters Coconut Oil | ₦3,500 – ₦5,500 | For families and small-scale users |
| 5 Liters Coconut Oil | ₦8,000 – ₦14,000 | Bulk buyers and resellers |
| 10 Liters Coconut Oil | ₦16,000 – ₦26,000 | Ideal for manufacturers and retailers |
| 25 Liters Coconut Oil (Wholesale) | ₦38,000 – ₦65,000 | Common in cosmetic & food industries |
Note: Prices may slightly differ depending on packaging quality, oil purity (cold-pressed vs. refined), and location, especially between Lagos, Abuja, and the South-South region.
Overview of the Coconut Oil Market in Nigeria
The Nigerian coconut oil market has expanded rapidly in recent years due to rising consumer awareness of health benefits and the shift toward organic products.
Demand has especially increased among skincare brands, haircare businesses, and local restaurants switching to healthier oil options.
Despite high demand, the cost of coconut oil in Nigeria continues to fluctuate because of varying coconut supply chains, processing techniques, and import dependencies for refined versions.
Many small-scale producers extract oil locally from fresh coconuts, while industrial producers refine or import it for commercial packaging.
Read on Kings Oil Price in Nigeria
Factors Influencing Coconut Oil Price in Nigeria
Several key factors determine the price of coconut oil across Nigerian markets.
Understanding these helps buyers make informed purchasing decisions.
1. Source of Coconuts
Coconut oil extracted from Nigerian-grown coconuts (especially from states like Lagos, Akwa Ibom, and Ondo) often costs less than imported or refined varieties.
Imported coconuts and refined oils undergo extra processing, which increases the price per liter.
2. Extraction Method
Cold-pressed coconut oil, known for retaining more nutrients and aroma, is typically more expensive than hot-pressed or refined versions.
Cold pressing requires advanced machinery and careful filtration, which increases production costs.
3. Packaging and Branding
Well-packaged coconut oil in bottles or jars, often labeled “100% pure” or “organic,” tends to attract a premium price.
Bulk, unbranded oils sold in markets are usually cheaper but may vary in purity and shelf life.
4. Transportation and Location
Coconut oil prices in Lagos or Abuja may differ from those in Port Harcourt or Akwa Ibom due to transportation costs and proximity to production areas.
Urban centers typically experience higher retail prices.
5. Seasonal Supply
Coconut harvesting seasons influence supply levels.
During the off-season, production drops, causing a noticeable increase in the coconut oil price per liter across major markets.
6. Inflation and Exchange Rates
With Nigeria’s currency fluctuations, the cost of raw materials, packaging, and logistics all contribute to changing coconut oil prices nationwide.
Buying Tips for Consumers and Businesses
If you’re planning to buy coconut oil, whether for personal use or resale, here are smart ways to get the best value for your money:
1. Prioritize Quality Over Price
It’s tempting to go for cheaper oil, but low-quality or diluted coconut oil often loses its natural scent and nutritional value. Always check for freshness, clarity, and scent before purchase.
2. Buy in Bulk for Savings
For businesses or frequent users, purchasing 5 liters or 25 liters can help reduce the per-liter cost. Bulk purchases are also more economical for cosmetic producers and caterers.
3. Store Properly
Coconut oil should be stored in a cool, dry place away from direct sunlight to prevent rancidity. Good storage extends its shelf life, especially in Nigeria’s hot climate.
4. Compare Across Markets
Prices vary between states and regions. Comparing costs before purchasing helps you avoid overpaying. Traders in Lagos Island, Aba, and Uyo often have more competitive rates due to proximity to coconut-producing areas.
5. Check Oil Purity
Pure coconut oil solidifies slightly in cool weather and melts under heat. This is a simple home test for authenticity.
You might be interested in Okomu Oil Price List
FAQs on Coconut Oil Price in Nigeria
How much is coconut oil in Nigeria now?
Currently, the average price of coconut oil in Nigeria ranges between ₦8,000 and ₦14,000 for 5 liters, while one liter of coconut oil costs between ₦1,800 and ₦3,000, depending on purity, packaging, and location.
What is the price of one liter of coconut oil?
The current coconut oil price per liter in Nigerian markets is around ₦1,800 to ₦3,000. Premium brands or cold-pressed oils may be slightly higher.
Why is coconut oil expensive in Nigeria?
Coconut oil is relatively costly due to the intensive extraction process, seasonal coconut availability, and the growing demand in both cosmetic and food industries.
Cold-pressed oils, in particular, cost more due to their superior quality and production method.
Where can I buy coconut oil in bulk?
You can purchase bulk quantities of coconut oil from local markets, wholesalers, or directly from small-scale producers.
Buying 25 liters can reduce overall cost, with an average market rate of ₦38,000 – ₦65,000 depending on the region.
Is coconut oil profitable for business in Nigeria?
Yes, the coconut oil business remains profitable in Nigeria.
Demand continues to rise across beauty, skincare, and culinary sectors, making it a strong investment option for small entrepreneurs and agro-based ventures.
Regional Price Insights
Lagos
In Lagos, where coconut oil is widely used for both cooking and cosmetics, the average 1-liter price stands between ₦2,200 and ₦3,000, depending on purity.
Bulk buyers can find 5-liter containers from ₦10,000 to ₦13,000.
Abuja
Abuja markets often show slightly higher prices due to transportation costs.
Here, 5 liters may sell for around ₦12,000 – ₦14,000.
South-South (Akwa Ibom, Rivers)
These coastal regions enjoy cheaper coconut oil rates, as coconuts are locally grown and processed.
Prices can drop to ₦7,000 – ₦9,000 for 5 liters in some areas.
Northern Nigeria
Due to distance from production centers, northern states may experience price increases of ₦1,000 – ₦2,000 per container compared to southern regions.
Economic Outlook and Market Trend
Coconut oil demand in Nigeria is projected to continue growing throughout 2025, driven by rising health consciousness and an increase in natural skincare trends.
With more local farmers investing in coconut plantations and small-scale oil processing, the market could see improved stability and competitive pricing soon.
However, as with many commodities, the cost of coconut oil in Nigeria remains linked to broader economic factors, inflation, exchange rates, and agricultural yields.
If local processing capacity improves, Nigeria could become a major exporter of coconut oil across Africa in the near future.
Final Thoughts
Coconut oil remains a valuable and versatile commodity in Nigeria, used for food, skincare, and wellness.
The coconut oil price in Nigeria may fluctuate, but its value and demand never fade.
Whether you’re buying a small bottle for personal use or investing in bulk for business, remember this:
“Cheap oil may fill your bottle, but pure oil fills your value.”
Trust me on this always go for quality, even if it costs a little more.
Because in the long run, good coconut oil pays you back with health, beauty, and trust.
So before your next purchase, take a closer look at the label, check the texture, and choose wisely. It doesn’t have to be perfect, it just has to be pure and right for you.
Other Cooking Oil Prices in Nigeria You Should Check
If you’re comparing oil prices across brands and types, here are other updated price guides you might find helpful:
- Explore the Okomu Oil price list in Nigeria and discover the latest market rates for bulk and retail buyers.
- See the Kings Oil price in Nigeria to know how the popular cooking oil brand is priced in 2025-2026.
- Get current market updates on the Canola Oil price in Nigeria and its availability in major cities.
- Find the premium Olive Oil price in Nigeria for imported and local brands.
- Learn the average Sunflower Oil price in Nigeria and compare regional market differences.
- See how the Groundnut Oil price in Nigeria compares to palm and sunflower oil this season.
- Find out the Mamador Oil price in Nigeria and see current packaging variations.
- And finally, stay updated on the Palm Oil price in Nigeria, one of the most consumed oils nationwide.
Each oil price guide is regularly updated to reflect real market trends, giving you accurate insights before making your next purchase.