₦airaland Forum

What's the rationality behind hiking prices of commodity when Naira weakens but the hike remains the same even when Naira appreciates?

Price of cement, sugar, flour, groundnut oil and even our local produce remains thesame.

Why this experience

Its simple the appreciation of naira looks artificial.

What goes up don't come down in Nigeria

This is from Google

TheLastProphet:
Its simple the appreciation of naira looks artificial.

That's height of wickedness.

We need price control

helinues:
What goes up don't come down in Nigeria

Fuel price need to drop

Because we Nigerians take advantage of every downturn. Even when they start buying cheaper, they sell at same high price to maximum profit

Wicked Nigerians

helinues:
What goes up don't come down in Nigeria

True... The law of gravity does not apply in Nigeria, anything that goes up does not come down, rather it goes further and further.

helinues:
What goes up don't come down in Nigeria

True... The law of gravity does not apply in Nigeria, anything that goes up does not come down, rather it goes up more and more.

When the price was hike, the excuse was rise in dollar not pump Price remember.

Pump Price has been like this for months and prices of commodity were not as high as it is currently.

We need Government to act.
There should be price control or whatever measures that needs to be put in place.

Olachase:
Fuel price need to drop

Price of commodities in Nigeria will never obey the law of gravity

Goods bought during the dollar hike need to be sold off first to avoid losses.

It will come down with time.

I'm buying building materials and I know wetin my eye don see these past few weeks, but I dont care.

Ask dangote and co 🥱😔

They're d owner of Nigeria

Does this not mean that most of those criticizing the government corruption do so because they are not benefiting from it? And would likely do worse when given the opportunity.

CoronaVirusPro:
Because we Nigerians take advantage of every downturn. Even they start buying cheaper, they sell at same high price to maximum profit

9gerian:
Does this not mean that most of those criticizing the government corruption do so because they are not benefiting from it? And would likely do worse when given the opportunity.

Give a Nigerian power with access to money, then you will know Abacha was merciful.

Less than 1% of Nigerians are honest, transparent and incorruptible.

Salubata:
What's the rationality behind hiking prices of commodity when Naira weakens but the hike remains the same even when Naira appreciates?

Price of cement, sugar, flour, groundnut oil and even our local produce remains thesame.

Why this experience

prices can't fall immediately.

TheLastProphet:
Its simple the appreciation of naira looks artificial.

The naira is presently undervalued

Nigeria retailers are greedy and wicked.