I thought there's ministry of commerce and industry in Nigeria? Why can't they set up a task force for price regulation close down any retailer selling above average price across board.

IkeIgboNiile:
Basic commerce knowledge would've prevented this topic. Please, parents endeavour to give your children sound educational background so we can avoid this kind of topics in future. Thanks

There is wickedness in the land right now. I'm even surprised that many of you have to be told that sellers are now ripping off customers across the country. Naira has gained value in both official and black markets. Diesel price has drastically come down too. But sellers are not ready to let go of old selling prices.

Let me narrate my experience 48 hours ago to you: A seller was thanking his God for not mistakenly selling 62ah battery to me at 40k, that was after he looked at his record book. I called my brother right in front of the seller to know where he got it for 40k a week before and he told me (a nearby to the shop I was). My brother even told me that the price has gone down further a bit. Right there, the same seller asked me to pay the money. Look at that!

Yesterday I bought a bottle of oil for 900 as against the ₦1200 I do buy close to my house. A mudu of garri for ₦800 against ₦1100 close to my house. The difference is too much.

SalamRushdie:
So the goods will fly magically from trade fair to your house? Add you wife's transport to and fro , her refreshments at trade Fair and then you will will understand

Is that retailer buying only one item?

yes ooo retailers are the major problem we are facing,those items are reducing in price but they felt the amount dropping on each items is not significant enough to reduce their own price cos i sell foodstuffs I bought Auntie B last week 13100 from warehouse am selling one for 700 but I restock yesterday I bought it 12800 I just reduced my price to 680 my competitors in my area was gossip dat I don't know how to do business,and I used to restock almost every week I just laughed them in my mind 🤣🤣
we should be pitying ourselves plsss

Pecoleee345:
People are wicked in this country.

Greed will finish us in this country.

Go to trade fare and see how street retailers are ripping us off big time.

My wife bought her body cream CT+ at the rate 2100 at trade fare yesterday while in our area retailers are selling it for 3700.

Kk brothers soap my wife bought the pack for 7k(6pieces) while one is sold for 1700 by retailers.

Her sanitary pad she bought 1 pack at the rate of 1050 while retailers sell for 1700.

Even strike bitters sachet pack(20 pieces) wey I dey always use console myself i buy for 2000 she got it for 1450.

Note she didn't even buy at carton price but at pack price because if she was buying in carton the price would be lower that than.


Just yesterday I bought a derica of rice on my way back home for 900 around oshodi terminal while the seller in my street is still selling for 1300 despite price of bag of rice coming down.

We are own problem.......everyone is wicked in this country.

Pecoleee345:
People are wicked in this country.

Greed will finish us in this country.

Go to trade fare and see how street retailers are ripping us off big time.

My wife bought her body cream CT+ at the rate 2100 at trade fare yesterday while in our area retailers are selling it for 3700.

Kk brothers soap my wife bought the pack for 7k(6pieces) while one is sold for 1700 by retailers.

Her sanitary pad she bought 1 pack at the rate of 1050 while retailers sell for 1700.

Even strike bitters sachet pack(20 pieces) wey I dey always use console myself i buy for 2000 she got it for 1450.

Note she didn't even buy at carton price but at pack price because if she was buying in carton the price would be lower that than.


Just yesterday I bought a derica of rice on my way back home for 900 around oshodi terminal while the seller in my street is still selling for 1300 despite price of bag of rice coming down.

We are own problem.......everyone is wicked in this country.

Retailers every level in Nigeria are shylock from petrol marketers to petty traders . Petrol marketers will have something to say .

mrvitalis:

Oya na start the business and sale lower or just keep shut

Too many rippers on this forum

DeGods007:


Lolz 😂😂😂

Don't blame anybody oga.... Instead make more money and carter for your family

Sellers are ripping you off and all you want to do is to work more and make more money to dash them? Wonderful! Our fellow Nairalanders with their unique solutions to problems .

The thing we are witnessing is the Shock sent into the economy by treasonous policies imposed by incompetent handlers.
The market will take time to stabilize that is if the Exchange rate remains the same.
Yea there are opportunists taking advantage of the situation. But who dropped the ball ?

Govt needs to urgently do something about it.

nairalanda1:


Okay. Buy coke at 300.and sell it at 100

and stop disturbing me.

Thank you

You shouldn't have contributed to the topic. Op didn't say don't make a profit or there shouldn't be different in prices of the same items but the differences shouldn't be too much

So all retailers buy from trade fair according to this mugu

You can as well start to dey go buy am and build a supermarket where you sell at trade fair prices in your locality and you can even expand to the entire nation

because you won't pay for the shop, you won't be needing light, you won't do maintenance, just buy and sell

Na them


I don't call NAMES

BUT

Their knows themselves.

nairalanda1:


Because, things cost money.

It's called inflation, and it is affecting everyone, shopkeepers included.
7
People who sell stuff, they aren't insulated from APC shege.

keep quiet . Seems u love the economic hazards that Nigerians has faced unfortunately before but let me remind you that inflation has reduced, the naira has appreciated manifestly and there are signs that prices of goods are coming down well. How can you be unconscionable to support high inflation in a country instead of economic stability. U eagerly want people not to afford good things of life and that they should struggle because of inflation. See the price disparity between trade Fair market dealers and the local retailers around you and u are here trying to justify why commodities should be more expensive to what end? For your selfish reasons or to make most Nigerians not to be able to afford necessary basic commodities for themselves and their familiies.
How can retailers be changing prices like 3-4 times or more in the space of 2 months.thats abnormal. There is no famine and yet some retailers skyrocket their prices.they are truly greedy and it's either you are a member of Lagos chamber of commerce and industry or u are a typical business man retailer who just wants to make all gains from selling market.dollar is going down now so stop your selfish stories and defense. Prices of goods must come down.the federal competition and consumer protection commission would soon visit Lagos to stop this anomaly.

The Zoo must fall! Her wickedness had reached heavens. its time to cast her down!

Afamed:

Only Una side from Nsukka to Obolor Afor, a black market fuel seller wanted to sell fuel for During the night not even in the night

When the filling station selling at N730 is just 2klm away

liar. Black market is 900 in that area. I just confirmed it.

Retailers are not trying at all, their own is too much imagine buying indomie for 10k with 40 peices inside and reselling it for 250 to 300 naira each, abi buying a dozen of 50naira biscuits for 600 and reselling each for 70 naira do the math and see the height of their greed and wickedness and this is to mention just a few oh the list os endless

nairalanda1:
The people selling stuff are suffering the same hardship as you are....

Think on that.

Modified

At the end , things cost money after all.

Pecoleee345:
People are wicked in this country.

Greed will finish us in this country.

Go to trade fare and see how street retailers are ripping us off big time.

My wife bought her body cream CT+ at the rate 2100 at trade fare yesterday while in our area retailers are selling it for 3700.

Kk brothers soap my wife bought the pack for 7k(6pieces) while one is sold for 1700 by retailers.

Her sanitary pad she bought 1 pack at the rate of 1050 while retailers sell for 1700.

Even strike bitters sachet pack(20 pieces) wey I dey always use console myself i buy for 2000 she got it for 1450.

Note she didn't even buy at carton price but at pack price because if she was buying in carton the price would be lower that than.


Just yesterday I bought a derica of rice on my way back home for 900 around oshodi terminal while the seller in my street is still selling for 1300 despite price of bag of rice coming down.

We are own problem.......everyone is wicked in this country.

Half bag of rice in my area at ajah today in one nonsense super market is 52k which is too expensive

maasoap:

Too many rippers on this forum



Sellers are ripping you off and all you want to do is to work more and make more money to dash them? Wonderful! Our fellow Nairalanders with their unique solutions to problems .

Hahahaha

Put money for anything you are doing to earn a living to balance it up. This complain don dey too much na

You said everyone is wicked in this country. Including you? Including the people selling at trade fair?

Well , not me.

OP don't mind those people attacking you.

I had this vendor I buy jewelry from.
Earrings for 6k, 7k. All for me to find a wholesaler. Same earring was N1200 retail price (not wholesale o). Meaning the vendor was making a whooping N4800 per earring and she is always sold out.

When they want to go to these markets (Balogun and TradeFair), they will wear nosemasks, make their online customers no recognise them. Then they will claim to be importing. Who give them money to import? You know what it costs to import from China? Where MOQ is like 1000 pieces of each design? No mixing.

I was so angry I blocked that 6/7k reseller.
Now I see how they buy Benz. Imagine making almost 5k profit on each earring.

The only problem is that the wholesalers in these markets have poor online presence. They are too busy with physical orders to bother with online buyers.

Same with the rip off my laptop seller almost did recently. See ehn, retailers are something else.

Afamed:

Only Una side from Nsukka to Obolor Afor, a black market fuel seller wanted to sell fuel for During the night not even in the night

When the filling station selling at N730 is just 2klm away

Don't be surprised that the Keke 'pilot' himself had rather blame tilumbu than blame hisover - greedy brethren.

Truthsandtrusts:

This is what peter and Obi has told them to do, to hate their neighbors.so that they can blackmail the President for hardship

Thank God for the internet; they've made their 'love' for nigeria obvious for all to see.
No be "dem say - dem say", na them dey expose themselves for all to see the true nature of their hearts.

DeGods007:


Hahahaha

Put money for anything you are doing to earn a living to balance it up. This complain don dey too much na

I'm sure you are now swimming in money as a result of this your advice

bolademi:


Half bag of rice in my area at ajah today in one nonsense super market is 52k which is too expensive

When the highest price of a whole bag is 58k! Laughing

Pecoleee345:
People are wicked in this country.

Greed will finish us in this country.

Go to trade fare and see how street retailers are ripping us off big time.

My wife bought her body cream CT+ at the rate 2100 at trade fare yesterday while in our area retailers are selling it for 3700.

Kk brothers soap my wife bought the pack for 7k(6pieces) while one is sold for 1700 by retailers.

Her sanitary pad she bought 1 pack at the rate of 1050 while retailers sell for 1700.

Even strike bitters sachet pack(20 pieces) wey I dey always use console myself i buy for 2000 she got it for 1450.

Note she didn't even buy at carton price but at pack price because if she was buying in carton the price would be lower that than.


Just yesterday I bought a derica of rice on my way back home for 900 around oshodi terminal while the seller in my street is still selling for 1300 despite price of bag of rice coming down.

We are own problem.......everyone is wicked in this country.

The retailers have done you NP wrong, they did not stop you from going to shop at Trade fair every day, or every weekend. Those selling items for 1200 at trade fair bought it foe about 400, they did not stop you from travelling abroad to buy your own.

Come on, this is a free world, buy and sell as you wish. You did not give your street seller the capital to start that business. If he price are too high, simply check the next store

SalamRushdie:
So the goods will fly magically from trade fair to your house? Add you wife's transport to and fro , her refreshments at trade Fair and then you will will understand

Why all this wicked and devilish mind? So the people selling at the trade fair didn't pay for transportation to move their wares from where they bought it, to their stores and yet sold at moderate prices and still making profits.

That's exactly the major cause of the artificial inflation. Retailers are too greedy. You get to know they are the problem with the price of certain drinks like nutri-milk and even coke. No uniform price. When you stop at shop A, she may call it 450, shop Bbwill call it 500 and C may g to the length of calling it 650/600. Since prices of things were going up, retailers seized that opportunity to inflate prices of their goods.
Even pen that they ate selling for 100, if the sold it for 50 Naira, they would make more than enough profit

Government is not always the problem. If tomorrow government takes excessive measures in curbing their excesses we will all still blame the government.

Something is certain, he who sell the product of curses, will in turn get stone as his/her monetary reward..

ambale:
So all retailers buy from trade fair according to this mugu

You can as well start to dey go buy am and build a supermarket where you sell at trade fair prices in your locality and you can even expand to the entire nation

because you won't pay for the shop, you won't be needing light, you won't do maintenance, just buy and sell

If dem no buy from trade fair, dem no get where dem dey buy from? Or, no be from the manufacturers/companies all the goods come from? May be those selling at the trade fair steal am

Earthquakes:


You can resign from your job and go into retailing to pack the gains. I don’t like people who have not successfully run any business talking trash. If the environment is good, why do you think multi million dollars companies are loosing and exiting??
I have a retail shop and I am telling you for sure there is no gain as you think

Why not close your shop and go look for job since it is not profitable being a retailer?

Pecoleee345:
People are wicked in this country.

Greed will finish us in this country.

Go to trade fare and see how street retailers are ripping us off big time.

My wife bought her body cream CT+ at the rate 2100 at trade fare yesterday while in our area retailers are selling it for 3700.

Kk brothers soap my wife bought the pack for 7k(6pieces) while one is sold for 1700 by retailers.

Her sanitary pad she bought 1 pack at the rate of 1050 while retailers sell for 1700.

Even strike bitters sachet pack(20 pieces) wey I dey always use console myself i buy for 2000 she got it for 1450.

Note she didn't even buy at carton price but at pack price because if she was buying in carton the price would be lower that than.


Just yesterday I bought a derica of rice on my way back home for 900 around oshodi terminal while the seller in my street is still selling for 1300 despite price of bag of rice coming down.

We are own problem.......everyone is wicked in this country.

Open your own shop and sell at cheaper prices.🤡🤡 You have just discovered a lucrative business opportunity 🤡🤡

maasoap:

I'm sure you are now swimming in money as a result of this your advice

I'm not swimming on money but I'm not opening thread around instructing people to reduce the price of their goods.... That means to say money no be my problem

SalamRushdie:


Oga since you and your wife have discovered this business opportunity why don't you open a shop for her in your area where she can be selling things at tradefair price ? I believe una go make a killing 😅

Good suggestion.