Nigeria, Oct. 22 -- The cost of cooking a pot of jollof rice in Nigeria fell by 11.5 per cent between June and September 2026, driven largely by declining prices of chicken, beef and vegetable oil as the main harvest reached markets, according to a report by SBM Intelligence.

The National Average Jollof Index dropped from N29,578 in June to N26,178 in September, marking the largest quarterly decline since the geopolitical research and strategic communications firm began tracking the cost in July 2016.

In its third-quarter 2026 report, titled 'The Pot Cools, but Not Everywhere', SBM Intelligence said the decline was concentrated in protein and oil prices, while rice prices remained largely unchanged.

SBM's index prices the ingredients f...