Cocoa Price in Nigeria Today: Naira per Kg and per Tonne, Updated Each Trading Day
Unlike Ghana and Côte d'Ivoire, Nigeria's cocoa market is fully deregulated — there is no government-fixed farmgate price. The most reliable public reference is the exchange-traded spot price, quoted in naira per kilogram and updated each trading day. That is the price shown here, with per-tonne and US-dollar conversions and the world benchmark alongside it.
Current Cocoa Price in Nigeria
As of November 5, 2026, the exchange spot price of cocoa in Nigeria is 7,500 NGN / kg.
Every Published Cocoa Price Layer
| Country | Layer | Price | Source | As of |
|---|---|---|---|---|
| Nigeria | exchange spot (daily) | 7,500 NGN / kg | Mansa Markets | November 5, 2026 |
| Ghana | farmgate (seasonal) | 42,400 GHS / tonne | Official announcement | September 25, 2026 |
| Côte d'Ivoire | farmgate (seasonal) | 1,200 CFA / kg | Official announcement | September 1, 2026 |
Why Nigerian cocoa has no official price
Nigeria abolished its cocoa marketing board in 1986, so prices are negotiated between farmers, aggregators and exporters, and they move with the world market and the naira. In practice that means Nigerian growers feel world-price swings faster than their Ghanaian or Ivorian neighbours — there is no seasonal floor beneath them, but no cap either. During the 2024–25 rally, Nigerian farmgate prices at times exceeded the fixed prices across the border.
The exchange spot price tracked here is a traded market price, not a survey or an estimate. It moves daily, and the table below keeps a running history so week-on-week and month-on-month movement is visible rather than claimed.
Recent Dated Observations · Nigeria
The running record behind this page — each row is a dated observation, not an estimate.
| Date | Layer | Price | Source |
|---|---|---|---|
| November 5, 2026 | exchange spot | 7,500 NGN / kg | Mansa Markets |
| November 4, 2026 | exchange spot | 7,500 NGN / kg | Mansa Markets |
| November 3, 2026 | exchange spot | 7,500 NGN / kg | Mansa Markets |
| November 2, 2026 | exchange spot | 7,500 NGN / kg | Mansa Markets |
| October 30, 2026 | exchange spot | 7,500 NGN / kg | Mansa Markets |
| October 29, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 28, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 27, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 26, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 23, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 22, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 21, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 20, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 19, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 16, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 15, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 14, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 13, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 12, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
| October 9, 2026 | exchange spot | 7,250 NGN / kg | Mansa Markets |
Cocoa Price FAQ
What is the cocoa price in Nigeria today?
As of November 5, 2026, the exchange spot price of cocoa in Nigeria is 7,500 NGN / kg. Every figure on this page carries its price type, cadence and as-of date.
Why is the cocoa price in Nigeria different from Ghana's?
Ghana's price is fixed each season by Cocobod, while Nigeria's is a free market price that moves daily with world cocoa and the naira. Depending on the moment in the cycle, the Nigerian market price can be well above or below the fixed prices in Ghana and Côte d'Ivoire.
What moves the cocoa price in Nigeria?
Three things dominate: the world cocoa price, the naira exchange rate (cocoa is an export crop priced off dollars), and the local harvest cycle — Nigeria's main crop runs roughly October to January, with a lighter mid-crop into June.