TemporaryHansel:
Business people don Dey talk their side of the story…..

TrebleChamp:
Should we still buy the dip?

monerozi5590:



No nah. Government generate money from the removal of subsidies. Not everything will be put in black and white

BlueRayDick:


Source : Trust me bro, I no fit lie give u

Ibime:


Let Cardoso exhaust his interventions first. Once it stabilises for a week or two somewhere, it will only go down from there

OasisX:



......read Comments under the below post, to get a clear picture how Screenshot Readers Association Members understand news. LOL!

https://twitter.com/SaharaReporters/status/1771132441341907406?t=FIkSxGmBBYos8Ylh_laSQw&s=19

Unlimited22:

You're predisposed to violence.... Be calming down nne

WhoDeyHause:

I won't lie I too might jump into conclusions if I didn't quickly sight the e instead of a. But seriously these means these iswap guys are really strong and considering the way our borders are somehow porous from that side of the country we just have to stop playing games and be more vigilant.

Ibime:
Naira should calm down small, some of us have transfer to make

OasisX:




......how?! You didn’t see the Uniform?! Have you seen a Nigeria Soldier wearing Turban instead of Helmet?!

What of where they wete ambushed? Are we sharing borders with Mali and Burkina Faso?!

izzou:
Abeg, is GTb okay? abi na my own app dey misbehave?

BlueRayDick:


This a no brainer na; Nobody goes into business to lose. It will take time for prices of goods to reduce if the Dollar remains stable

WhoDeyHause:

I'm talking of the similarity between nigerien and nigerian. If one isn't patient enough to look at it or even know it.
We're not directly sharing borders with them but let's not also forget some of these guys with chadians are in this country working menial jobs or doing meisha or suya. Most of them pass through Niger.

OasisX:




.......exactly point I am trying to make. Make una dey calm, read to understand news before jumping to conclusion bro. LOL!

WhoDeyHause:

I'm not disagreeing with you now. I'm just giving reasons why some might have jumped into conclusions without fully comprehending the headline.

raumdeuter:


The person who buys for cheaper will sell for cheap

swiz123:


They are thieves. It's only in Nigeria that our retailers FOMO without reservation just to suit their narratives. They usually buy their highest quantity when the price is the highest. When the price reduces, it takes them ages to finish selling old stock.

Many of them increase the price of their old stock when current prices increases but fail to reduce the price of the same old stock when current prices reduces.

A perfect example are those fouani thieves selling electronics at Ikeja city mall.

OasisX:




.......aggressively akhee al-kabeer.

swiz123:


They are thieves. It's only in Nigeria that our retailers FOMO without reservation just to suit their narratives. They usually buy their highest quantity when the price is the highest. When the price reduces, it takes them ages to finish selling old stock.

Many of them increase the price of their old stock when current prices increases but fail to reduce the price of the same old stock when current prices reduces.

A perfect example are those fouani thieves selling electronics at Ikeja city mall.

BlueRayDick:


They did this simply because they were at a risk of selling old stock and being unable to restock afterwards.

Let's say u sell an item for 500 naira and dollar just keeps numbing up every market day thereby increasing the cost of stock.

If u say because u still have old stock and decide to Continue to sell for 500 naira instead of 950 , u will end up not being able to restock and simply run out of business .

U may not really understand this thing except u are involved or have someone involved in buying and selling in this present day Nigeria.

A friend was still lamenting last weekend to me about how the whole fluctuating exchange rate has been consistently eroding his wife's trading capital in her business .

Fouani will not reduce their price except they exhaust their current stock. If they imported the electronics when dollar was 1,500, they won't automatically reduce the selling price cos dollar is now 1,300. U don't expect them to sell at a loss .

All these people dey do proper accounts o

larride:


When dollar rate crash, they will keep telling you they havent exhaust old stock as if they bought millions of stock with high rate of $$.

Dollar is going down yet price is increasing.

larride:


When dollar rate crash, they will keep telling you they havent exhaust old stock as if they bought millions of stock with high rate of $$.

Dollar is going down yet price is increasing.

TrebleChamp:
😁
Buy at 1,320 now and naira rise to 1,230 by then end of tomorrow. I hope Cardoso will sustain whatever he is currently doing to steady the naira.

swiz123:


I think you missed my point. I am talking about those retailers who have old stock which they post say 500 per one and when current prices increased to 800, they increased the prices of their old stock to 800. Now while still selling their old stock, the price reduced to 700 and they still continue selling at 800.

That's the situation with Nigeria now.