₦airaland Forum

Ebus03:
If you check the COT(commitment of traders report) data that came out on the 7th of march 2025 you will find out that the commercials, big banks , hedgefunds e.t.c(those with big pocket) were closing ALOT of long positions and have NET short positions opened for gold!

Hmnn! This fundamental confirms my technical bias.

Don't play with this long bearish candlestick!
I expect price to hit the red line 2757; SL 2957.

DYoR!

https://guardian.ng/news/drop-in-food-prices-excites-lagos-traders-consumers/

Some Lagos State foodstuff traders and consumers have expressed excitement over the recent drop in the prices of foodstuff.

The consumers and traders disclosed this in separate interviews with the News Agency of Nigeria (NAN) on Sunday in Lagos.

They, however, hoped for the sustainability of the price drop as consumers were beginning to enjoy the respite.

A foodstuff trader at the Dopemu area of the state, Mr Sunday Okwudiri, said the price drop was beneficial to both consumers and traders, a situation he attributed to reduced cost of transportation.

“It is true that the prices of most food items have dropped and we are grateful for that. Food items such as rice, beans and garri have witnessed a commensurate drop in their prices.

“We sold a 50kg bag of rice last December between N80,000 and N90,000, but now the same quantity of rice sells between N70,000 and N75,000.

“We really cannot tell the reason for the drop in the food prices but one good indicator is that the expenses incurred in logistics have significantly dropped.

“Like traders will say, ‘road don free small’. We hope it continues like that,” Okwudiri said.

Another foodstuff trader at the Agege area of the state, Mr John Nwabueze, also alluded to the recent drop in the price of food items, which he attributed to the harvest season of some produce.

“The price of food items especially rice and beans is really dropping gradually as we have observed since the year began.

“As of the first week of January, we sold a bag of rice between N90,000 and N96,000 but now the same bag goes for N76,000.

“Beans have been dropping more and more since last year. As of November 2024, we had beans at the highest price. An average bag was sold for as high as N230,000 to N270,000 but now the same quantity sells for N80,000.

READ ALSO: ‘Banning movement of articulated vehicles at daytime not feasible’

“We really cannot tell the reasons for the drop in the price of these food items but we are glad they are dropping.

“We are also in the harvest season for some of these produce,” Nwabueze said.

Mrs Judith Amen, another foodstuff trader at the Amuwo area of the state, also corroborated the slight drop in some food prices.

“Well, there is a slight drop in the price of rice but not so much. A bag of good quality rice sells at N82,000 as against N90,000 to N95,000 it was sold for earlier.

“The bag of rice that sell at N75,000 per bag are not high quality rice as some may get mushy easily when boiled.

“The price of beans have been dropping since late last year. This is the season of beans because it is being harvested.

“A 60kg of beans used to sell up to N300,000 per bag but now sells between N150,000 and N90,000 depending on the variety.

“A bag of garri now sells between N35,000 and N45, 000 as against N60,000. So, we can say there is a drop,” Amen said.

Also, Mrs Lilian Agunbiade, a resident at Agege area of state, said the joy of being able to buy foodstuff and getting all your supplies is next to none.

“I went to the market this weekend to stock up for my household and my business and I observed some prices of the foodstuff items have actually dropped.

“This drop in price is indeed a welcome development. I bought a paint bucket of garri (cassava granules) between N3,200 and N3,500 in January but it sells at N2,000 for a paint bucket.

“Also, the price of vegetable oil has considerably dropped, as at December 2024, it sold for more than N100,000 for a 25 litre keg.

“But presently, the same quantity of vegetable oil has dropped down to N70,000 or N75,000 depending on the brand.

“Also, the price of baking flour has also dropped. A 50kg bag of all purpose flour used to sell at N62,000 but now it sells at N59,000.

“Generally, I observed all the prices of foodstuff items dropped a little bit almost across all products sold in the market.

“I am happy to purchase at the rate I did and got the items I needed for my house. I think the drop may be related to the drop of the dollar in comparison to the Naira, we hope it continues like this,” Agunbiade said.

On her part, Mrs Eugenia Uloma, a housewife and resident at Egbeda area of the state, expressed scepticism over the price drop while hoping it would be sustained.

“Well, I cannot say the price of foodstuff items have really dropped, because it is slight drop.

“Some food items have witnessed price drop because it is their season, beans is being harvested, so the price will definitely drop early in the year.

“The price of crayfish actually dropped too, I used to buy a paint bucket for N11,000 but now it sells at N8,000.

“If the drop is true, we just hope it will not rise again,” Uloma said.

Alexas58:
19700 sent

Thanks, received.

Alexas58:
Winners….


1. Elliotwaveforec ===> 2006.39
2. 2pep ===========> 1123.29
3. Garkiacessory ====> 572.59
4. Yetown =========> 165.18
5. Riverrun ========> -43.34


Reward prizes

1. 2.5k two phase Nostro account worth $13

2. 2.5k two phase Nostro account worth $13

3. 2.5k two phase Nostro account worth $13


4- 5k cash prize

5- 5k cash prize



Note.

All winners are expected to submit Nigerian account numbers to receive their winnings in naira




When you have received your winnings

Quote this post and tag Alexas58



Proudly sponsored by Alexas58 to help the Nigerian Forex community

0

Derica of beans now 800 from 1200;
A derica of rice now 1k from 1300

Location Agbara Lagos

monikulapo:
Good evening house, has any one taken the the maven trading prop challenge ? If yes, please what red folder news do you follow ? The one on match trader or Myfxbook ?

Use the one on fxstreet dot com.

Oil prices crashing in the international markets! Trump will even crash it further as he dips into the US reserves.

New login

Login: 78495253

Investor: jaoUZ98##

Cc: alexas58

As medicine, not as food! Highly medicinal.

Guilty as charged!

Alexas58:
Check this

Maybe oversight
Cos he submitted late

Ok!

New account

Login: 78453684

Password: uabNY56##

Alexas58

Alexas58:
Week 3 active participants

1. Eaglepixel
Server: FundedNext-Server4
login: 78400994
investors password: fdhBH31##

__________________________________________________

2. Dxyy
Funded next Server 4
Login: 78400675
Investors password: ociIX78##

Recheck your details

__________________________________________________

3. Officialip
Login: 78398284
Investor: zyrNP63##

__________________________________________________

4. Garkiaccessorry

Server: FundedNext-Server4
Login: 78398185
Password: cteMQ19##

__________________________________________________

5. Riverrun
Server: FundedNext-Server4
login: 78398001
investors password: bnyMJ32##

__________________________________________________

6. Alexas58
Login: 78401296
Investors password : ypxKX46##

__________________________________________________

7. Shobams
MT5 Server:
FundedNext-Server4
Login: 78376679
Password: mpuDY49##
__________________________________________________
8. Christie171

Login: 78354769
Investors Password: pzgLV84##

__________________________________________________

9. Elliotwaveforec
Login : 78358864

Investors password: udmWV87##
_________________________________________________

10. Jyz200
login .. 78397147
investors password..imbQS61##

_________________________________________________


11.Yetown
Mt5 Server
Server: FundedNext-Server4
login: 78406863
Investors Password: zeaUY12##

_________________________________________________


12. Christie
MT5 Server:
FundedNext-Server4
Login: 78411200
Investors Password: mveVW80##

No 2pep in this updated list!

Alexas58:
How our traders have fared from 27th January - 7th of February 2024.
1. Elliotwaveforec ====> 1650.58
2. 2pep ====> 1242.41
3. Yetwon ====> 380.17
4. GarkiAccessory ====> 216.78
5. Alexas58 ====> 104.64
6. Riverrun ====> 51
7. Jyz200 ====> -1.31
8. Christie171 ====> -171.25
9. Eaglepixel ====> -193.05



Start posting your new account details now!


Dxyy and Shobams

Post master password to your accounts

When was 2pep added to the list?

Lionessza6:
Lmao


The pain

Delusions

And from this post alone ,we can see not only inferiority complex but envy and helplessness . Not only that but witchcraft and pull him down syndrome

If SA dissapeard would Nigeria be a better country?

Fuckkk off, you lazy monkey! Start learning from these whites how economies are run before they leave; you shouldn't go the way of Zimbabwe.

@randdigital, the saviours of your economy are leaving for America as refugees, let's see how you lazy and loudmouthed black monkeys will manage the economy.

In ten years, Zimbabwe and South Africa will be competing in poverty..

You don't ridicule my country and not get punished for it.

https://thewhistler.ng/govt-takes-52-of-our-income-from-cement-dangote/


He sources his major raw material, limestone, locally, which he pays 35% royalty to the FG; Ogun, Kogi, and Benue states, are the providers of the raw material to Dangote Cement.

These stupid lazy BDCs will fizzle away! They should invest their money in the real sector.

Reclaim all your lands with wisdom, but don't let those whites leave your country; they're the ones keeping SA going strong economically. Blacks don't know how to govern.

Learn from Zimbabwe!

peteregwu:
Eurusd long biase. Risky

Seconded! SL 10175

Update

Alexas58

Which kind grammar be this nah? This company no try at all for their image. English language graduates yapa to employ nah.

Nfpmod, seun etc, come and see something interesting!

This generation of Yorubas hasn't fought a war, unlike the last! May be the second Yoruba Vs Fulani war is coming soon. Let's finish the business and send away all the remnants of Alimis and Gambaris in Yorubaland, hence liberate Ilorin from the strongholds of their oppressors..

If you have not fought a war as a man, your manliness is incomplete!

Christistruth02:
Because it turned Hausa people into Tenants in their own Homeland

I swear! Hausas have been eternally subjugated by Fulani minority through Islam. They want to do same to the Yorubas, e no go happen.

Den of ritualists.

Any step against South Africa is welcomed! The Zambian should have it

Login: 78416102
Invest pw: eipDC35##

Cc: alexas58
Daviige
Samfelly