₦airaland Forum

When I saw the title, I thought it was an emergency. Just put hot water inside overnight, then use iron sponge to scrub the paint off.

Lol. These westerners are shameless. If you can't afford to host your wedding guests, simply don't invite them.

Everything about the OP reeks of lies. He even has a female tag on his profile.

tctrills:
Oya nah no vex

Go and sin no more.

What rubbish is this? Is there food scarcity? Instead of them to advice the FG to tackle the remote cause they are asking for another problem.

tctrills:
You have failed your parents and your future generations. They all had hope in you but you chose to be a cultist. It is well

Lol. Is it your 'failure'? Are they your parents? Just mind your business.

tctrills:
Keep blaming the wrong people. I pity your future generations

Oloriburuku, mention me again and see what I will do to you.

Huh? Since you have chosen teaching as your career, why not apply to top private schools in Abuja or Lagos? I doubt if you will be paid better in a country like Gabon.

Even the pictures look depressing.

2shure:
I don't take sachet water.na cway dispensable I dey on.and na 1300.e go last me at least 2months.always cold

I guess it's because you don't consume too much water or not always around.

Lol....I hear some people are selling at 50 naira per satchet. I know a pure water manufacturer who is still selling a bag for #220. Retailers will buy from him and still sell at #50 because everyone is hiking prices of goods. We are the cause of our problems.

Bluearrow:
What is pure water?
It is not a household consumable??
What is more important to any household than basic food like beans, water & drugs??
You sell your brain to APC for how much??
Inhaler drugs are increasing from 6k to 55k how many percent increase is that? You are acting f00lish now because of the little stipend this evil party is giving to u, but I tell u your children will suffer for it in the future. Whatever they are giving u to post trash will soon finish.

I challenged you to mention the price of a consumable that has increased from #5000 to #10,000 recently and you are talking about pure water. Which pure water manufacturer is selling a bag at #1000 at the moment? Not even for #500.

But some greedy retailers are selling one satchet water for #50. That is, they are making a whopping #600-#700 profit per bag for what they used to make no more than #200 naira profit per bag.

If this isn't greed and exploitation, then what is? Who is feeling the heat if not the poor? How many elites drink satchet water? Is it not broke people that drink satchet water? I am telling you that retailers are exploiting people and you are arguing blindly.

These people buy at 'wholesale prices' and don't usually feel the heat when there is an increase in prices. So, there is no justification for selling old stocks for the price of new. You castigate politicians, but support greedy traders.

Who isn't aware that prices of goods are escalating? But just because it is, I am saying: 'don't use the situation to exploit people unnecessarily'. Is that too difficult to understand?

nairalanda1:
Bulk or no, prices are going up.

Plus intial capital is what a business uses to set up. It is not money that lasts forever, as you seem to.assume.

Okay, what happened to their working capital?

Bluearrow:
You must be very f00lish!
You quoted me before & I ignored, now u are quoting me again with this nonsense?? Have u also donated your brain to APC? I just told u a bag of water increased from 250 naira to 600 naira in my area, u are citing example with 5000 to 5100 increase? If things increase at such rate, do u think people will even complain? Fuel price increased with more than 100%, from 195 to 550, so is every other product. If a product increase from 5000 to 10000, how will the trader restock?? Nothing has increased with less than 100% so far & u are are quoting me with 5000 to 5100 increase? You must be very daft!

Oloriburuku, you quoted me first and I responded thinking you were sane. Your mother is the daft one for refusing to abort your pregnancy when your equally daft father asker her to. Tell me which 'household manufactured consumable' has increased from 5000 to 10,000 recently?

I know your fish brain will mention rice, beans and the lot, but I will ignore because you don't know jack.

nairalanda1:
Okay, make we dey explain am for you.

Let's say I bought wine from wholesaler at 2000 a bottle to sell at 2200 a bottle.Lets assume also that I own a shop that sells assorted drinks

In the meantime, as the old stock is going, the wholesaler tells me that due to devaluation of the naira, price of a bottle of wine has gone up to 3000 wholesale.

Meanwhile my other suppliers are saying the same thing. That the wholesale prices have gone up

What do I do? Sell old stock at the old rate and not have enough money to buy new stock, or raise my prices now, maybe not have quite enough cash, but not as bad as if I sold my old stock at original price.

If you watch ait news, a businessman explained it clearly on air last week in a report .

Firstly, retailers don't get charged per item, but in bulk so your analogy is off point.

Secondly, just because a cartoon of wine increases by 300, it will not make a retailer lose his capital because he decides to sell at the old rate. It is greed that will finish Nigerians, so stop justifying nonsense.

Bluearrow:
I used to reason like this before, till i put my self in their shoes. If they don't increase their stock, where will they get money to restock at high price? If new price is selling for 5k & they are still selling 2500, where will they get the remaining 2500 to restock? You want them to start running at a loss? What about other things they get to survive that have increased? Pure water in my area is now 6h going to 1k per bag, u expect people not to add price to their goods?

Of course you ain't a trader and don't know how these things work. Traders buy at 'wholesale rates' and not per item, so your analogy doesn't count. Let's assume a trader buys a cartoon of salt for 5K to sell at a retail price of 80#, with the estimate of making 700# profit per cartoon.

Then he hears that a cartoon of salt now sells for 5,100. Tell me how such a trader will lose all his initial capital suddenly because he decided to sell at the old rate of 80#?

yeshuasfootstep:
That call is very important.
Without it, the person will not stock up again and be out of business.

I sold a brand of 1 litre oil for #2200, when I go to restock; it's being sold for ₦2500.

So please, leave retailers out of this, what is happening is beyond their control.Thanks

No retailer will be out of business if they sell old stocks at old rates before restocking. That is why they have their 'initial capital' It is greed that is making them act that way.

Bluearrow:
I used to reason like this before, till i put my self in their shoes. If they don't increase their stock, where will they get money to restock at high price? If new price is selling for 5k & they are still selling 2500, where will they get the remaining 2500 to restock? You want them to start running at a loss? What about other things they get to survive that have increased? Pure water in my area is now 6h going to 1k per bag, u expect people not to add price to their goods?

There is something we call 'initial capital', and then your profits. No matter the increase in price, traders hardly incur losses because the margins in price differences are usually very slim and will not affect their capital.

Henrick007:
are you saying the retailer should sell the baron for 2k5?, Where will he get the additional money to restock after selling the old stocks?

So consumers are supposed to now provide traders money for their businesses? What happened to their initial capital?

tctrills:
You clearly do not have a business and you don't know how to run one. So let's assume it was bought a year ago for 2000 so you decide to sell it at 2500 and make a profit of 500, only to go to the market to restock and it's now 3000. Don't you see that it is a big loss?

Shut it if you don't have a valid point. Why should a smart business restock if sales are not moving? Ain't you supposed to sell, calculate PNL before purchasing new stocks? Why should you sell an old stock for the price of new? You are one of the problems in this country.

Loyalty has become exctinct. I have witnessed family members celebrate weddings immediately after the death of a loved one. They usual claim is that the preparation was made before the loss. Perhaps, the same reason could be playing out in this scenario.

Henrick007:
the retailers need to sell at the new rate, or will you sell a Corolla car you purchased for 1.5m few years ago at same rate in 2024?

How many people can afford to buy corolla car on a daily basis? We are talking about daily consumables and how retailers are exploiting people, and you decided to come up with something that doesn't correlate.

BrutusOj:
Did you think of how the seller will re-stock after selling at the old price? Where will he/she get the money to buy at the current price?

What is this one saying? As a business man, there is a difference between old and new stocks. Therein lies your answer.

Serve me 'akara and pap', pap and beans', and watch me throw up. I just can't stand those combinations.

Retailers are the ones exploiting people. They keep making calls up and down to set a new rate for prices of old stocks. That wine must have been produced over a year ago, so hiking the price is senseless.

Why are these people killing their sons unprovoked? I just don't get it.

Why 90K? In the past, I could have believed you, but Nigerians have used different formats that are unimaginable to scam and extort people. Could this be a new format? Only time will tell.

Call it satchet water and not pure water. I'd prefer to drink direct water from my tap than the rubbish they call pure water. If you carry out a research, you would discover than more than 90% of the so called 'pure water' manufacturers are not Nafdac approved, which shows how we risk our health everyday just to satisfy our basic needs.

In my opinion, Nafdac is not working at all. Go to the north and see how people are dying daily because they lack clean water. Why would Nafdac who are supposed to protect consumers act lackadaisically and allow manufaacturers flood the market with products that are not certified?

Her mom rehearsed with her before the video was shot. Anything to trend.

sleek214:
Please explain. Do you have nude videos? The kinda people and things we celebrate in this country make me wonder

Of course he has a nude video where he was caught masturbating.

What is the factory price?