GloriousGbola:


Legacy ShopRite was selling 5alive at a price lower than retailers, to the point that retailers started buying from shoprite to resell. It got so bad they reduced the amount of 5alive taht could be bought by one customer.

Nigeria is a weird place.

That is how they queued to apply pressure on Bokku bread when it was sold 950. Bokku had to start selling on two breads to each person but they were not dettered. They will take all their children and extended to the queue just to sell the same bread 1200 at their shops.

Bokku were only trying to save their business from those scavengers by trying to deal directly with the actual consumers.

User09:


Well, they're also losing out given the declining sales/volumes per the bolded.

They're probably just ignorant to not see the impact on their businesses.

They are mostly uneducated and don't care about any economic theory you have to preach.

BlueRayDick:


I get u. Unfortunately, we are at the mercy of these retailers because there are so many spaces the organized retailing arrangement cannot reach. If u don't live in a major city in this country where u have superstores like shoprite, spar, jendol, justrite, Grocery Bazaar, Globus, Blenco, and other new ones, u will have no choice but to buy from those retailers.

I am based in Lagos and I buy from some of these retailers too when I don't have a choice due to circumstances. There's little consumer protection can do sef cos they will be spread thin to even cover one Local government.

One thing I believe is that if this reduction in naira-to-dollar exchange rate is sustained over time, the retailers, wholesalers, distributors and producers will have no choice but to lower their prices. Let's hope that happens for real

Reduction from in dollar value from 1800 to 1300 is huge and it didn't happen overnight. It happened over a sustained period of 1 month. This is enough time to see positive changes, instead, prices are increasing.

popizaino:


Messi is better than everyone in our attack. If the desire is there,i would welcome him here with open arms.

Quick one....

Is anyone in our attack currently better than Ronaldinho, Hazard, Ronaldo?

popizaino:



Like how Modric is turning real madrid midfield to six lane express right?

Is Messi a midfielder?

BlueRayDick:


I'm not justifying anything . All I told u up there is that supermarkets get their supplies directly from the producer or their major distributor at ex-factory price and they sell their stock out faster cos they have people patronising them on a regular basis . So it's possible for them to have adjusted their retail price to reflect the reduction in price effected by indomie .

Retailer on the other hand buy from wholesalers who may have stock up in large quantity while the price was high and u won't see them reduce the price until the wholesaler restock at the new reduced price .

Now I'm not ruling out the possibility that some retailers may still want to cash-in on the whole thing to make exorbitant profit; but I'm only telling u that a retailer do not directly control the price as much as the suoearket does.

As regards the fouani matter , it appears we were discussing 2 different things. Somehow I missed it point on that.

Initially, I thought you are an abrodian. If you are in Nigeria, you should know how retailers operate.

While supermarkets rely on making huge turnover daily, retail shops rely on strangling their customers and using emotional blackmail to attack them when they stop buying.

In 2022, a pack of fearless energy drink was sold 1,800 at wholesale price. Cost price was 150, so while Supermarkets sold 170 per one, retail shops sold 250 per one.

Shockingly, the wholesaler who invested millions in his business makes 20 to 30 naira profit on a pack of drink. He supplies to these retail shops hoping that those one will add a reasonable profit margin and sell off quickly so that he can supply again to them as he relies on making bulk sells to get by.

These retailers add stupid profit margin, then take ages to finish selling while the producer and wholesaler suffers.

Another example, a friend who makes and supplies duvets to his customers in Enugu told me that those retailers took ages to finish selling his duvets. He had to go there to find out what was happening. He realized that after selling to them at 12,800 per one, those thieves were selling between 26 to 28k per one.

He had to rent 2 shops in the same market, employed a sales girl and sold himself at 15k per one. They have been fighting him ever since.

This is exactly what these retailers do to producers in Nigeria and we can't progress as a nation until all of them are closed down completely to give way for organized retailing.

BlueRayDick:


Which kind of business will still be selling old stock of as at 500 by now ? How can u be so sure they didn't restock all this while ? U are talking of retail items o.


Items like indomie , spaghetti and other provisions that malls and other retailers go to wholesale shops go restock within days ?

Mind u, the wholesaler lready bought them in large quantity while dollar was high and he certainly won't sell at a loss. So the retailer still buys at high price and will sell to final consumer at higher price.

I saw her post referencing supermarkets bringing down price of their indomie almost immediately after indomie reduce the ex-factory price . That's because those supermarkets get supplied by the producer or their major distributor right from source Na .

Bros, I can see you want to argue for arguing sake. Retail shops has been buying indomitable at 8900 for weeks now, but they sell it 300 per one which was the price they set it at when a carton was sold 10,500.

While i buy 8900, mama Sikiru is selling 300 per one to those who can't afford to buy the carton. So please, stop this justification, I know how retail shops do business.

Now to your question, I am certain that the same 250 litres hisense freezer I saw at Fouani with a price tag of 258,000 is the same one I saw for 391,000 when dollar got to 1,800 per naira.

Went there last week, I still saw the same freezer with the same price tag.

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.

They usually FOMO with 3 trailers of goods on our head

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

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.

raumdeuter:


The person who buys for cheaper will sell for cheap

We have too many middlemen scavenging for profits from a particular product in Nigeria. The death of small retail shops will mark the beginning of our economic renaissance.

A carton of indomitable noodles sold for 10,500 at its peak and retailers increased their prices to 300 per one. The company had to reduce the price to 8900 so that they can at least continue making sales or face either downsizing or completely shutting down.

Guess what? These retailers are still selling 300 per one while supermarkets are selling 240 per one. Without these supermarkets, the noodles company would most certainly leave business just like GSK and we would be left with an army of unemployed youths and reduced revenue for the government.

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

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.

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

I wouldn't carry out any transaction if it were me. With the current prices of goods and services in Nigeria, naira is seriously overvalued.

hensben:
Two years contract is okay. Use him as attacking midfielder.

If you don't turn our midfield to a triple lane express, you won't rest.

popizaino:
Why don't we approach Messi if he will come cus i cannot imagine in the life of me how a player who is better than everyone else decides to be plying his route in an inferior weaker MLS league while we still parade bums like Broja playing top flight football in Europe elite Club.

Forget age Messi can still give you top level performance for 5years.

Bro what is it? Are you now trolling your own club?

raumdeuter:


Less than 50% will japa. Japa no easy, requires huge funds. How many fit write Plab and usmle pass plus the comfort some have already is enough, no be everyone wan be millionaire like afrodoc2

There are still doctors in Nigeria who don't have a hospital to practice many of them going into other careers

I knew a few doctors who were in banking and consulting

Who will treat Nigerians? That's where pastor Chris, Odumeje, Oyedepo Adeboye etc come in
Plus woman wey dey sell agbo plus that guy wey own chemist by junction

Ngige a former minister who was a medical doctor by training once said we have too many doctors than we can employ and they should japa

The same Ngige that said Nigerian trained doctors who wants to Japa should have gone for their doctor's training in that country and stop wasting our resources.

raumdeuter:

12months later Messi was dropping almost 60 G +A

Messi and Foden no get the same talent nor ability. Actually no one in football for the past 20yrs have close to 60% of Messi

Trevor012, surely this statement can't be true.

I would rather have an injured Jackson that go through another Lukaku torture again.

Android17:
I hope you understand what you are responding to.

Every player in the world is better than City players. Every manager is better than Pep.
But a fraud manager and his overrated players keep winning all and by the end of the season again I'll be reading "how can anyone compete?".

E no dey hard una. Shameless people.

Hensben love doing this. That was how he was hyping Sterling until we eventually bought him.

Ibime:


You are very foolish. There are many players that won't make England team that will favour us. I don't have Palmer anywhere near my ideal England squad, and he is favouring us.

He said nothing new other than what I've been saying. Gallagher is a CAM and I won't pick him ahead of Bellingham and Maddison, my 1st and 2nd choices for the CAM position.

Same way I won't pick Palmer ahead of Saka, Bowen, Foden, Bellingham or Maddison for the RW or CAM positions and Palmer won't make my England squad.

Just shut up, you are embarrassing yourself. He said Galladog is useless and shouldn't be called up by England. No one here shares the sentiment that Palmer shouldn't be called up by England and some here might even argue for his place in the starting 11.

Agreeing with Afrodoc's submission tells me everything I need to know about the player and how you rate our club.

Fraud!

Ibime:


Unlike you disgraced pundit, he has eyes to see that Gallagher is an AM. I've always maintained that Gallagher is not a deep lying midfielder cos he lacks care of the ball. His strength lies in the 2nd run into the box. I am not at odds with his analysis, it tallies with mine 100%

They called your dog useless and you agreed with such analysis . He claimed emphatically that Gallagher is not useful to the English team and therefore useless and you agreed with him. He even suggested they don't call him

I have no business with what position Galladog plays on the pitch. But if you agree with him that Galladog shouldn't feature for England and you want him to continue representing us, thunder will fire you!!

afrodoc2:


He be should not even start. The English press like to build up a player very high in order pull him down. Mainoo should be a sub and avoid the pressure. He only started playing regularly in November.

Gallagher is a mediocre CM and his AM chaos causing is not needed in a team that has Bellingham, Foden, Maddison. He should not even be in the squad if everyone is fit.

With everyone fit I would play Curtis Jones as the CM and Mainoo can come in for him as his sub. Jones has Gallagher’s energy but he is also bigger, stronger, and more technically secure.

I love the way you tactfully called Gallagher useless. Something so glaring but can't be seen by your friend.

Leyqute:


LooL.

You are well within your rights to judge him that way. Cos I can’t see why England had to play that horribly against Italy just because Luke Shaw scored an early goal.

Southgate is not an elite manager.

Ibime knows why. He failed to put a man on the maestro Jorginho.

He had offered us this top analysis after the game.

popizaino:



Shut up!


Madrid conceded 6goals in 2legs alome against man city and still won the UCL. That is the team you should be aiming to be like.

We conceded non against city and that is why you have a UCL.

Madrid got lucky, we weren't. We were simply solid.

popizaino:



Did your own team score 71goals in 27 games just like inter Milan?


You wanted to embarrass airmark but you ended up embarrassing yourself.

So if we scored 71, our defence will stop conceding?

If Inter conceded at the same ratio Chelsea did, they will be battling in conference league position.

timbros:


Why are you quoting that guy? No dey fall hand abeg.

Nigga is really slow o

His guys here can't even tell him privately to sit this one out.

Sportsweb:
Cry today, cry tomorrow.

This Chelsea team needs to fix attack before defence. Pochetino or any other coach can come in and decides to play community defence next season . But you see that attack, he need capable hands.

Don't Bother quoting me, am not Airmark and co that does legnthy arguments for years

Tuchel won UCL because our attackers where all world class. Or has anyone here forgotten why we won UCL?

airmark:




So the competition in Serie A is same as what we have in Epl? Your brain didn't inform you that Inter scored 71 goals? Have Chelsea scored 71 goals?

Not the same Inter got scored by Epl flop, Depay and got thrown out of Ucl?

You and Timbros no get sense.

Chai! Who do you this thing?

If Chelsea scored 71, what stops us from conceding 69 goals?

If you had any sense, you shouldn't have brought this rebuttal here. Chelsea has scored more than half the goals Inter scored while we have conceded more than x3 of what Inter conceded.

Show some shame

Airmark, Inter has conceded only 14 goals in 29 games.

Guess where they are on the log?

Chelsea has shipped in 45 in 27 games

Guess where a team with such shameful stats is on the log.

Honestly, Timbros shouldn't be engaging you guys. It's shameful at this point.

Chalobah should be thrown out immediately the season ends. Dude is a weakling who does nothing all game.

Incognito9:
Is like otti wannna kee abians with electricity

But some areas don't see light in a week.

timbros:


Which reason? Are you okay?

When attack is busy scoring 22 goals in 10 matches and defence is conceding almost the same number of goals, you are still looking for solution in attack?

I don't know why popizaino didn't choose cricket as his favorite sport.

Ibime:


Disgraced pundit

Griezmann already on 19 goals so far in Haram team Vs Felix on 8 goals in free flowing team

You claimed he doesn't score against quality opposition and the reason for Barca's decline.

He just dropped a stellar performance on your fraudulent head against a UCL quater finalists and his club now 8 points off the top of the table.