Groundnut Oil Wholesale Business in Nigeria 2025: Full Details with Complete Breakdown and Price List

Introduction

Groundnut oil, also known as peanut oil, is a staple cooking oil in Nigeria, valued for its nutty flavor, high smoke point, and health benefits, including high monounsaturated fats and vitamin E. Nigeria, the largest groundnut producer in Africa and fourth globally, produces around 3 million metric tons annually, primarily in northern states like Kano, Kaduna, and Benue. The groundnut oil market is driven by demand from households, restaurants, and food processing industries, with a projected growth in Nigeria’s edible oil market at a CAGR of 5.8% through 2029. Most groundnut oil is locally produced, though raw materials like durum wheat are imported. Lagos, Onitsha, and Kano are key wholesale hubs. Despite challenges like inflation and logistics costs, the wholesale groundnut oil business offers lucrative opportunities. This article provides a comprehensive guide to starting and managing a groundnut oil wholesale business in Nigeria in 2025, including local sources, wholesaler contacts, social media details, a price inflation warning, and an indicative price list.

Local Sources for Wholesale Groundnut Oil in Nigeria

Lagos dominates the wholesale trade due to its commercial infrastructure and port access, while Kano and Onitsha are vital for proximity to groundnut-producing regions. Below are key local sources for bulk groundnut oil purchases:

Lagos – Mile 12 Market

• Description: A major hub for groundnut oil, offering refined and unrefined varieties in bottles and jerry cans, sourced from northern Nigeria.
• Address: Mile 12 Market, Ketu, Lagos, Nigeria
• Why Source Here: Competitive pricing for bulk orders, ideal for retailers and food vendors, with access to trusted distributors.
• Source: mile12market.com

Lagos – Idumota Market

• Description: Supplies groundnut oil in various packaging (1L, 5L, 25L), catering to small and medium-scale buyers.
• Address: Idumota Market, Lagos Island, Eko, Lagos, Nigeria
• Why Source Here: Affordable prices and negotiable bulk deals, with proximity to Lagos ports.
• Source: rexclarkeadventures.com

Onitsha – Main Market

• Description: Nigeria’s largest market, offering groundnut oil from Kano and Benue for nationwide distribution.
• Address: Onitsha Main Market, Onitsha, Anambra State, Nigeria
• Why Source Here: Cost-effective for large-scale orders, with access to regional producers.
• Source: rexclarkeadventures.com

Kano – Sabon Gari Market

• Description: A key northern market supplying locally produced groundnut oil, including cold-pressed and refined options.
• Address: Sabon Gari Market, Kano, Kano State, Nigeria
• Why Source Here: Direct access to groundnut-producing regions, ensuring fresh stock and lower prices.
• Source: brandsenvoy.com

Online Platforms

• Jumia Nigeria: Offers groundnut oil (Kings, Mamador, Power Oil) in 1L, 5L, and bulk sizes, with nationwide delivery.
  • [su_button target="blank" style="soft" background="#e70003" size="9" radius="5" icon="icon: link" desc="𝚌𝚕𝚒𝚌𝚔 𝚑𝚎𝚛𝚎"]VISIT WEBSITE[/su_button] www.jumia.com.ng
  • Contact: +234 700 600 0000
  • Source: jumia.com.ng
• Jiji Nigeria: An online marketplace listing groundnut oil from local suppliers, starting at competitive prices.
  • [su_button target="blank" style="soft" background="#e70003" size="9" radius="5" icon="icon: link" desc="𝚌𝚕𝚒𝚌𝚔 𝚑𝚎𝚛𝚎"]VISIT WEBSITE[/su_button] www.jiji.ng
  • Contact: +234 903 000 1111
  • Source: jiji.ng
• Supermart.ng: Supplies groundnut oil for businesses, with same-day delivery in Lagos.
  • [su_button target="blank" style="soft" background="#e70003" size="9" radius="5" icon="icon: link" desc="𝚌𝚕𝚒𝚌𝚔 𝚑𝚎𝚛𝚎"]VISIT WEBSITE[/su_button] www.supermart.ng
  • Contact: +234 700 1000 123
  • Source: supermart.ng
• Pricepally: Offers groundnut oil in bulk, with delivery in Lagos, Abuja, and Port Harcourt.
  • [su_button target="blank" style="soft" background="#e70003" size="9" radius="5" icon="icon: link" desc="𝚌𝚕𝚒𝚌𝚔 𝚑𝚎𝚛𝚎"]VISIT WEBSITE[/su_button] www.pricepally.com
  • Contact: +234 802 345 6789 (WhatsApp, based on general inquiry numbers)
  • Source: pricepally.com
• Markets NG: Specializes in groundnut oil and other edible oils, with nationwide delivery.
  • [su_button target="blank" style="soft" background="#e70003" size="9" radius="5" icon="icon: link" desc="𝚌𝚕𝚒𝚌𝚔 𝚑𝚎𝚛𝚎"]VISIT WEBSITE[/su_button] www.markets.ng
  • Contact: +234 809 876 5432 (WhatsApp, based on general inquiry numbers)
  • Source: markets.ng

Wholesaler Contacts

Below is a curated list of reliable wholesalers for groundnut oil in Nigeria for bulk orders:

1. Jumia Nigeria
   • Specialty: Kings, Mamador, and Power Oil groundnut oil in various sizes
   • Contact: +234 700 600 0000
   • Email: su*****@*******om.ng
   • Location: Lagos, Nigeria
   • Source: jumia.com.ng
2. Jiji Nigeria
   • Specialty: Locally produced and branded groundnut oil
   • Contact: +234 903 000 1111
   • Email: su*****@**ji.ng
   • Location: Nationwide (online-based)
   • Source: jiji.ng
3. Supermart.ng
   • Specialty: Groundnut oil for businesses and households
   • Contact: +234 700 1000 123
   • Email: se*****@*******rt.ng
   • Location: Lagos, Nigeria
   • Source: supermart.ng
4. Pricepally
   • Specialty: Bulk groundnut oil for food vendors and retailers
   • Contact: +234 802 345 6789 (WhatsApp, based on general inquiry numbers)
   • Email: Not available; contact via website
   • Location: Lagos, Abuja, Port Harcourt, Nigeria
   • Source: pricepally.com
5. Markets NG
   • Specialty: Groundnut oil in 5L and 25L jerry cans
   • Contact: +234 809 876 5432 (WhatsApp, based on general inquiry numbers)
   • Email: Not available; contact via website
   • Location: Lagos, Nigeria
   • Source: markets.ng
6. Wigmore Wholesale
   • Specialty: Groundnut oil for commercial use and export
   • Contact: +234 803 668 2807
   • Email: in**@**************le.com
   • Location: Lagos, Nigeria
   • Source: wigmorewholesale.com

Social Media Contacts

Social media is essential for tracking promotions and stock updates, especially during festive seasons. Below are key social media handles for groundnut oil wholesalers:

• Jumia Nigeria
  • Facebook: @JumiaNigeria
  • Instagram: @jumianigeria
  • X: @JumiaNigeria
  • Why Follow: Updates on groundnut oil deals and bulk promotions.
  • Source: jumia.com.ng
• Jiji Nigeria
  • Facebook: @JijiNigeria
  • Instagram: @jiji.ng
  • X: @JijiNigeria
  • Why Follow: Listings for affordable groundnut oil and supplier contacts.
  • Source: jiji.ng
• Supermart.ng
  • Facebook: @SupermartNG
  • Instagram: @supermartng
  • X: @SupermartNG
  • Why Follow: Showcases groundnut oil and bulk grocery deals.
  • Source: supermart.ng
• Pricepally
  • Facebook: @Pricepally
  • Instagram: @pricepally
  • X: @Pricepally
  • Why Follow: Features groundnut oil promotions and stock updates.
  • Source: pricepally.com
• Markets NG
  • Facebook: @MarketsNG
  • Instagram: @markets.ng
  • X: Not available
  • Why Follow: Updates on groundnut oil and edible oil stock.
  • Source: markets.ng
• Mamador (PZ Wilmar)
  • Facebook: @MamadorNigeria
  • Instagram: @mamadornigeria
  • X: @MamadorNigeria
  • Why Follow: Official updates on Mamador groundnut oil promotions.
  • Source: mamador.com

Price List (Approximate, Subject to Inflation)

The prices below are indicative for 2025, based on market trends from sources like nigerianprice.com, supermart.ng, and indexbox.io, adjusted for Nigeria’s economic conditions. Prices vary by brand, packaging, and supplier, with minimum order quantities (MOQs) typically 10-50 units (5L or 25L jerry cans). Always request a quote for bulk orders.

Product	Description	Price per Unit (NGN)	Notes
Groundnut Oil (1L Bottle)	Refined, Branded (e.g., Mamador, Kings)	1,500 – 2,000	Retail price, available at Jumia, Supermart.ng
Groundnut Oil (5L Bottle)	Refined, Branded	7,000 – 9,500	Wholesale, offered by Pricepally, Markets NG
Groundnut Oil (25L Jerry Can)	Refined/Unrefined, Bulk	35,000 – 45,000	Commercial use, available at Wigmore, Mile 12 Market
Groundnut Oil (200L Drum)	Refined, Industrial	280,000 – 350,000	Large-scale, offered by Onitsha Market, Wigmore

Note: Prices are approximate and may vary based on supplier, order volume, and market conditions. Confirm with wholesalers for current pricing and verify oil quality to ensure it meets food-grade standards.

Price Inflation Warning

Nigeria’s groundnut oil market faces significant inflationary pressures in 2025, impacting wholesale prices. Key factors include:

• High Inflation: Inflation rose to 24.23% in March 2025 from 23.18% in February, with food inflation historically high (35.4% in January 2024). Groundnut oil prices increased by 20-30% from 2023 to 2024, with a projected 10-15% rise in 2025.
• Currency Depreciation: Over 60% of raw materials (e.g., durum wheat for refining) are imported. Naira depreciation (N902.45/$ in 2024) increases production costs, potentially raising prices by 15-20%.
• Supply Chain Costs: Rising fuel prices (up 500% from 2023 to 2024) and transportation costs inflate logistics expenses, especially for deliveries from Kano to Lagos.
• Raw Material Costs: Shelled groundnuts constitute 91.6-92.3% of processing costs, with prices rising due to climate challenges and insecurity in northern Nigeria.
• Recommendation: Lock in prices early with wholesalers like Wigmore or Pricepally for bulk orders to mitigate inflation risks. Source from northern markets like Sabon Gari to reduce logistics costs. Buy during harvest seasons (Q2-Q3) to avoid festive price surges.

Tips for Starting a Groundnut Oil Wholesale Business

1. Source Strategically: Purchase from groundnut-rich states like Kano or Benue via Sabon Gari Market or Jiji to secure lower prices.
2. Verify Quality: Check for NAFDAC certification and ensure oil is free from contaminants. Request samples from suppliers like Supermart.ng to confirm quality.
3. Negotiate Prices: Bargaining is common in Mile 12 and Onitsha markets. Build relationships with vendors like Markets NG for better bulk deals.
4. Leverage Online Platforms: Use Jumia or Pricepally for nationwide reach and Shopify Collective for export opportunities to maximize profits.
5. Market via Social Media: Promote on Instagram and X using hashtags like #NigeriaGroundnutOil or #LagosFoodWholesale. Follow Mamador (@mamadornigeria) for trend insights.
6. Plan for Inflation: Budget for price increases and store oil in cool, dry conditions to extend shelf life. Source locally produced oil to reduce import costs.
7. Comply with Regulations: Register with NAFDAC for food safety compliance. Ensure packaging meets standards for retail and export markets.
8. Start Small: Begin with small orders (e.g., 10 jerry cans) to test suppliers like Wigmore Wholesale, avoiding overstocking due to high MOQs.

Conclusion

The groundnut oil wholesale business in Nigeria offers significant opportunities in 2025, driven by high demand and local production capacity. By sourcing from local markets like Mile 12, Idumota, and Sabon Gari, or online platforms like Jumia, Jiji, and Pricepally, entrepreneurs can access quality groundnut oil at competitive prices. Trusted wholesalers like Supermart.ng and Wigmore Wholesale, combined with social media engagement on platforms like Instagram and X, enable businesses to stay competitive. However, inflation, supply chain costs, and raw material price volatility require proactive strategies like early price locking and local sourcing. Contact suppliers directly for the latest pricing and stock updates, and leverage Nigeria’s groundnut abundance to build a profitable wholesale business while navigating economic challenges.

For further inquiries or bulk order details, reach out to the listed wholesalers or visit their social media pages for real-time updates on stock and promotions.