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Nairaland Forum / Nairaland / General / Business / Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? (593 Views)
Naira Continues Appreciating Against Dollar, Sell At ₦1,100 / Why Dollar Is Going Down And Naira Appreciating / How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. (2) (3) (4)
Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by Salubata(m): 4:46pm On Mar 21 |
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 |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by TheLastProphet: 4:48pm On Mar 21 |
Its simple the appreciation of naira looks artificial. |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by Ofunaofu: 4:49pm On Mar 21 |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by helinues: 4:50pm On Mar 21 |
What goes up don't come down in Nigeria 2 Likes |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by Salubata(m): 4:51pm On Mar 21 |
This is from Google TheLastProphet:
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Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by Salubata(m): 4:51pm On Mar 21 |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by Olachase(m): 4:53pm On Mar 21 |
Fuel price need to drop |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by CoronaVirusPro: 4:54pm On Mar 21 |
Because we Nigerians take advantage of every downturn. Even when they start buying cheaper, they sell at same high price to maximum profit 1 Like 1 Share |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by Straybullet: 4:54pm On Mar 21 |
Wicked Nigerians |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by citizenY(m): 4:54pm On Mar 21 |
helinues: True... The law of gravity does not apply in Nigeria, anything that goes up does not come down, rather it goes further and further. |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by citizenY(m): 4:55pm On Mar 21 |
helinues: 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. |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by Salubata(m): 5:00pm On Mar 21 |
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: |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by jflower06(m): 5:08pm On Mar 21 |
Price of commodities in Nigeria will never obey the law of gravity |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by Joey4321: 5:40pm On Mar 21 |
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. 1 Like |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by mytime24(f): 6:13pm On Mar 21 |
Ask dangote and co 🥱😔 They're d owner of Nigeria |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by 9gerian: 6:16pm On Mar 21 |
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: |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by CoronaVirusPro: 6:55pm On Mar 21 |
9gerian: 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. |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by Paraman: 6:56pm On Mar 21 |
Salubata:prices can't fall immediately. |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by Paraman: 6:57pm On Mar 21 |
TheLastProphet:The naira is presently undervalued |
Re: Why Is Naira Appreciating Yet The Prices Of Certain Commodity Are Still High? by Kingray10: 9:31pm On Mar 21 |
Nigeria retailers are greedy and wicked. |
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