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 August 7, 2026, the exchange spot price of cocoa in Nigeria is 6,733.5 NGN / kg, per AFEX.
Every Published Cocoa Price Layer
| Country | Layer | Price | Source | As of |
|---|---|---|---|---|
| Nigeria | exchange spot (daily) | 6,733.5 NGN / kg | AFEX | August 7, 2026 |
| Ghana | farmgate (seasonal) | 41,392 GHS / tonne | Ghana Cocobod | February 12, 2026 |
| Côte d'Ivoire | farmgate (seasonal) | 1,200 CFA / kg | Conseil du Café-Cacao | March 4, 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.
Cocoa Price FAQ
What is the cocoa price in Nigeria today?
As of August 7, 2026, the exchange spot price of cocoa in Nigeria is 6,733.5 NGN / kg, per AFEX. Every figure on this page carries its source, 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.