Paraman:
You can use this news hold body small because you're not happy the naira is not trading at 3000/$.

Apcshit met dollar at 216 per 1 Dollar here we are and you still get mind to Dey support dem you are so stupid and clueless 😠😠😠

Riskymarvelous:
Apcshit met dollar at 216 per 1 Dollar here we are and you still get mind to Dey support dem you are so stupid and clueless 😠😠😠

How much did PDP meet it dumbo? I'm sure this is the way you talk to your father at home.

Paraman:
How much did PDP meet it dumbo? I'm sure this is the way you talk to your father at home.

dullard man supporting dullardad no be juju be that 😀😀😀😀😀😀

ednut1:
Dollar is dropping. Why are prices not dropping?

Custom exchange rate never drop

Paraman:
Please provide evidence Tinubu devalue the naira so as to get loans from the IMF.

A lot of you just talk anyhow

Good bye sir.. we will talk wen u wake up... 🤣🤣🤣

lildush:


Good bye sir.. we will talk wen u wake up... 🤣🤣🤣

You have no evidence to tender. I'm asking you for a very easy thing, just prove Nigeria asked for or got loans from the IMF

Countries like Ghana, Egypt and Argentina are the ones begging the IMF for bailout. Since Tinubu became the president, he has not asked or gotten $1 from the IMF.

Paraman:
You have no evidence to tender. I'm asking you for a very easy thing, just prove Nigeria asked for or got loans from the IMF

Countries like Ghana, Egypt and Argentina are the ones begging the IMF for bailout. Since Tinubu became the president, he has not asked or gotten $1 from the IMF.

Are you for real? Do u know how many times tinubu got loan from international bodies since he became ur president? U are not current my guy. Dats y I said wen u wake up. We can discuss... But for now enjoy ur sleep 😴

lildush:


Are you for real? Do u know how many times tinubu got loan from international bodies since he became ur president? U are not current my guy. Dats y I said wen u wake up. We can discuss... But for now enjoy ur sleep 😴

You said Tinubu devalue the naira because he wants to collect loan from the IMF

Now prove it

Jogs1900:

Smh

You're smh say wetin happen? He has a valid point

Bazztadewu:
Per liter.fuel

Oooh...that one? We are used to squeezing face as we buy the fuel ...

Remember to buy the one for your Generator too...
Very funny Country we live in...lols

SoNature:


Stop being emotional; nobody is nobody's enemy. If you don't understand something you ask questions before you conclude.

Here's the logical explanation...

Let's say I normally buy an article for #5, and sell it at #6 to make a profit of #1.

Later, my supplier tells me that the new price is now #8. I must increase my price to #9.

Why....
If I don't do that, I won't have enough money to restock the products when the current ones finish.

That's because the current selling price from where I usually buy it is higher than both my selling price and profit.

In other words, for selling at #9, I am still making a profit of #1. But those who don't understand the business logic will think I am cheating them. If I don't increase my price, I will run out of business.

I hope you understand this....

@Martineverest

WRONG analysis. The situation you analysed showed greed and insincerity. NOW, I got a container of indomie （for instance） at #1 per piece in each carton. I initially aspire to sell at #1.1 per piece but two days later （with majority of my stock still in store）, hike occur in dollars value and so speculation abound that the manufacturing company is now poise to sell at （to use your profit margin） #1.4/piece, so I now reacted by selling at #1.5/piece in line with the new reality. What you fail to understand is by the time I finish up sales （which may amount to around 3/4 of my whole purchase）I have gotten a massive 37.5% capital increment. Of course, I have to buy new stock at #1.4 now and the old process occured by the time I could offset 1/4 of my stock. Another #0.4 increment means I sell at #1.9 now hence by the time I sellout the entire purchase, I have another 37.5% capital increment. Mind you, I still maintainmy gain ratio all along without hassle. The moment the process happen again, I get 100% capital increase without losing a dime in profits.
IN order not to waste time, and in some cases we might be having the peak while the capital might have developed 300% in rate even though the purchasing power still remains the same, hence you can see that in all these scenarios/analysis my capital base is proportional to the value of purchase it grant me. I might've started with #500 but now have #1500 as in order to maintain the same value in capital base, I have to set my prices in relation to the new hike. The #1500 is just monetary increament but the value remains same as it can only get me A CONTAINER OF THE PRODUCT YET. Of course, that's smart business move （so I guess we're on the same page here）. But where we differ is when law of diminishing return sets in after the peak. If I'm honest, things should reflect immediately too. This is exactly the way things should be: say, if naira start gaining, the piece that already peaked at #1.9 and is now selling for #1.7, all I, as retailer can do is adjust the profit margin a little （say from #0.1 to #0.15）to cushion the shock hence I would now be selling at #1.85 instead of #2.0. Further improvement in naira means further adjustment in both profit margin and selling price. And if along the line inflation sets in again, then the price can go up again while the profit margin return back to the initial figure （i.e #0.1）. What the market is doing now is unfair. The dollars has crashed by almost 50% of the recent hike but prices remains the same. In some cases, some items prices are still further inflated, all claiming to still have old stocks. If by chance another naira crash happens tomorrow （God forbid）, the prices get hiked again not considering it had never been adjusted to the realities of the old gain.
What the market is hereby doing is a conflict of value. During the dollars hike, the capital base was subjected to the money power. The capital used in buying a container-load of the item must be adjusted to still be able to purchase such. But in the second reality when naira gains, the mentality changed and the value of the capital is now being subjected to the last amount （denomination）used in getting the items at the last purchase. Instead of thinking of maintaining a container order they started with in addition to their steady profit margin, they merely see opportunity to buy two or more containers （having more money now）, leveraging on the sudden change.
RICE WAS AROUND #65000 when dollars was at the rate we returned back to now. if it's being sold for something just under #70000 they're not losing, the amount in bank would surely reduce in no time but the purchasing power would still be able to get the retailer more than the one container he starts with while he makes a new purchase/order.

Paraman:
You said Tinubu devalue the naira because he wants to collect loan from the IMF

Now prove it

It's clear u don't know what is happening.. ur just going about ur business daily. Without seeking knowledge of wat is happening. Like I said earlier ...enjoy ur sleep ooo🤣

lildush:


It's clear u don't know what is happening.. ur just going about ur business daily. Without seeking knowledge of wat is happening. Like I said earlier ...enjoy ur sleep ooo🤣

Oga, leave all this long talk

Just show me your source, when did Tinubu apply for loan from the IMF?

Paraman:
Oga, leave all this long talk

Just show me your source, when did Tinubu apply for loan from the IMF?

Babablu did not apply for any loan as he Neva get zha approval of the lord's and Fulani masters...😁
Dem nor born any bomboclat ronu for Ilorin not to bow down flat for Fulani emir Gambari Baaaaaahahahahahahahahaaaaa!!!!!
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

Justiceleague1:

Babablu did not apply for any loan as he Neva get zha approval of the lord's and Fulani masters...😁
Dem nor born any bomboclat ronu for Ilorin not to bow down flat for Fulani emir Gambari Baaaaaahahahahahahahahaaaaa!!!!!
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

show Babablu apply for a loan from the IMF as you claimed

Interesting... We keep lookong out for our Dear Country's Good. We actually desire diligent, intelligent and honest leaders!

Paraman:
Tinubu is doing absolutely well. Naira is gaining against the dollar, pounds and euro. Inflation will start falling in may, the refinery will soon start working... so Tinubu is doing a very good job

In