Gbengazzee: Am surprise that the price of Melon has gone up. As at today a bag of size 32 is going for 30,000 in Nassarawa Market.

henrimoto: Business wey sure pass stock exchange market.

LONGFELLOW02: Mine is 31 bag but am nt ready to sell nw. . I still want to buy two more bags in next ashangawa market.

dav8id:
Lol AsHANGBA market bro hope rain no disturb u dat day...

dav8id: GOODNEWS...

All those that invest in the egusi and still have it in store and ready to resell at 26k per bag of size 29 should contact me with the special code i gave you.

We have international buyers coming into the country.

LONGFELLOW02:

As if you knw. . Rain beat me

the market is a very nice & bigmarket, I meet some of the villagers they also tell me other things that i can buy for storage like yam, grandnut nd sesame seed e.t.c

thank you boss for this great idea.

henrimoto: @longbaba, when is the right time to start groundnut storage ? @ what price? Did they also tell you about okro?

LONGFELLOW02:

you can start grandnut storage next month. .they said the price is between 4k-5k per bag nd you can resell 8k or 10k per bag. I dn't knw the type of bag it is.

I dn't ask about okro. .

churchmind: bros abeg for groundnut is it wit d cover or witout d cover dat one can store

henrimoto: you store without the shell

LONGFELLOW02:

As if you knw. . Rain beat me

the market is a very nice & bigmarket, I meet some of the villagers they also tell me other things that i can buy for storage like yam, grandnut nd sesame seed e.t.c

thank you boss for this great idea.

henrimoto: you store without the shell

dav8id:

I salute ur courage and also put u into consideration as more agro business idea will flow,though this time its not going to be openly but strickly on invitation and its free of charge.

So far so good 10th nairalander invested in the egusi business.

churchmind: bros,wats d size of d bag n wat r d process involve in storing 4 a long period

dav8id:
Nope u store with shell.

karlxavier: Great thread. Would be hitting ashagba market( make una permit me for my spellings) on Monday to buy on Tuesday... I would make it the 11th Nairalander to invest. Any one that is going to buy on Tuesday next week should indicate. Thanks @ david

19naia: Wow, that sounds like intentional inflation of the market.. If people rush to buy all the Egusi to Hoard it, and then wait for shortages to be experienced and then release the hoarded goods only when a gouge rate is paid, then that is called fixing the market via hoarding.

Its not called storage, that is what its called for surplus.. If you are not buying surplus, then its called hoarding and its one major cause of inflation in the economy..
The diamond monopoly industry does it, They buy every diamond they can in the world, then sell only their own mined diamonds at gouge rates because people cannot find the other producers diamond due to the tactic that they have been hoarded to artificially inflate the market price.

In economically advanced nations, Hoarding is regulated to prevent the eventual collapse of the economy under inflation where demand for profit skyrockets high while jobs and wages paid stay low.. By the time wages and jobs adjust, it makes the value of the profits gained neutralized ,by the very inflation unbridled profiteering caused itself.. In the end ,the money profited loses value and people are back in the same position except the inflation remains...

bendeclerk: One reason Nigeria might never work. Profiteering! Why are you creating and encouraging artificial scarcity all in the name of carving a niche...? Tell me how this differ from petroleum marketers hoarding and reselling during scarcity?

PURITYMYPRIDE: you want to use people to make money.storage is not a business.stop persuading people to gamble with their money.

donigspain: Oga, siddon there dey spew jargon while I dust my shoes and off I zoom to Lafia. Ever wonder why most of our university lecturers are not super-rich? They dwell too much on theories while the smart illiterates take the bull by the horn.