NwaNimo1:
Sai Buhari....

anyway, we will see you back in 2023

mark my words!

[img]https://media./images/ac5ecb53eda4d3011be648f4873987ac/tenor.gif[/img]

Mumu everywhere. So na buhari make dem close shop for Poland and other places too.

adioolayi:
Hmm....."In the early days we were making money but now we just came up against too many roadblocks, whether it’s getting the money out, etc.”

Getting money out to where? Are you exporting currency?

Same thing mtn was doing and they were fined heavily. You make money in Nigeria, but you're not on Stock exchange in Nigeria and you repatriate millions of dollars to South African economy. We're being cheated.

Profprom:
Why blow your trumpet before leaving? Whether you leave or stay we have been surviving in this country and we will still survive with or without you. Better luck else where

Lol. Mr price is a very nice outfit. By leaving, they are taking jobs out. But I do not blame them. Nigeria is a real capitalist nation. Our competitive energy is morethan 100%. Unlike in SA where outfits like mr price, Woolworth etc thrives on the opposite. Shoprite might still leave, naija is too competitive for them.

An individual who is an importer can import the whole of mr price entire stocks, same quality and sell cheaper, because it is a one man business, he has plenty umu boys that he doesn’t pay salaries to.


I don’t blame mr price.

adioolayi:
Hmm....."In the early days we were making money but now we just came up against too many roadblocks, whether it’s getting the money out, etc.”

Getting money out to where? Are you exporting currency?

what you don't know is that there is a serious FX crisis looming in Nigeria and CBN is covering up because they are afraid of making the government look bad. In banks now you can even get Form M to import needed raw materials for industries or even to import goods that cannot be produced in Nigeria. with the way things are going dollar will hit 600naira very soon

phransix2:
Their clothing line is very expensive....

and looks like trash

Profprom:
Why blow your trumpet before leaving? Whether you leave or stay we have been surviving in this country and we will still survive with or without you. Better luck else where

Who or what is MrPrice?

Is it actually a name of a person? A place? An animal? Or a thing?

Na wa o!

adioolayi:
Hmm....."In the early days we were making money but now we just came up against too many roadblocks, whether it’s getting the money out, etc.”

Getting money out to where? Are you exporting currency?

How e go tey buy the clothes and designers come sell if the money didn't go out. Business money shouldn't be hard to wire in any working economy

eby001:
Roadblocks to cashing out, see excuse as if say e dey easy to cash out of South Africa

Its very easy to bring money into the country and you can take it out anytime u want, thats not the same in a multiple currency exchange in nigeria.

Earlystar698:


https://www.thecable.ng/mr-price-announces-plan-to-exit-nigeria/amp

buy we are happy abt the exit

Jwonder:
Investors are running away, nobody wants to invest in a volatile economy where one furu drinking slowpoke will wake up and increase tax without taking into consideration that these companies provide their own security and power, it ain’t easy naa.

That’s why Nigerians can never get the best products especially the telecommunications industry because most companies need to compromise in quality so as keep up with the cost of running their companies and still make profit.

Investors need to get their money out. It’s a business. They invest in foreign currency and need foreign currency out in terms of dividend, royalties and share of profit. Imagine investing $100,000 in Nigeria 4 years ago and that same money is now worth $70,000, it’s a huge loss.

phransix2:
Their clothing line is very expensive....

I don’t know about the pricing but very inferior something. One wash and they fade! I hated that store

mrlien:


Investors need to get their money out. It’s a business. They invest in foreign currency and need foreign currency out in terms of dividend, royalties and share of profit. Imagine investing $100,000 in Nigeria 4 years ago and that same money is now worth $70,000, it’s a huge loss.

And even that $70k you cant take it out. Its a nightmare. Companies cant survive, you cant even import materials.

Profprom:
Why blow your trumpet before leaving? Whether you leave or stay we have been surviving in this country and we will still survive with or without you. Better luck else where

If you visit your brother and you find out his teenage children waltz into the house at whatever time they like, have their lovers sleep over and smoke weed with abandonment, would you consider the house in order or 8n shambles?

What is the state of the Nigerian economy. The best indicator to that is the Apapa port, the gateway of the economy.

Trucks wait days to get access to the port! They park on the bridges constraining traffic. Cost of haulage of goods from the port is now over 1m, if it's heading to the North. Port users are lamenting.

What he said is standard. It's no big deal. The government needs to sit up. Unfortunately, PMB lamentable understanding of economics is ruinihg the economy. That is the root cause of the problem. Worse, he doesn't listen.

Mr Price also left Australia and Poland so obviously the company is having some financial issues. Anyways, in the States, so many businesses have shut down or are planning to shut down. A recession is actually looming no thanks to Covid-19.

Jwonder:
Investors are running away, nobody wants to invest in a volatile economy where one furu drinking slowpoke will wake up and increase tax without taking into consideration that these companies provide their own security and power, it ain’t easy naa.

That’s why Nigerians can never get the best products especially the telecommunications industry because most companies need to compromise in quality so as keep up with the cost of running their companies and still make profit.

Making sense

It because we are having good tailors in Nigeria. Pack and go. Time for sharing money anyhow has passed. Bye.

steveekeoma:
who will close the gap. U beta tell ur failed govt to nigeria fix what he has ruined

who cares about my silly gvt... We are talking business here just give that vacant space sometime it would be occupied by another retailer. No fvck is given.

OK bye...God be with you till we meet again..

Profprom:
Why blow your trumpet before leaving? Whether you leave or stay we have been surviving in this country and we will still survive with or without you. Better luck else where

You dey answer the idiot? The branches in Poland and Australia closed down in 2019 because they were not making any money. Instead of giving that same excuse for Nigeria or give covid19 as an excuse (everybody knows that) the idiot says it is because Nigeria is volatile. Shey na Maiduguri, Sokoto or Kaduna Mr Price dey? Oh! They want to dey cash out anyhow ba?
Why ShopRite, DSTV or MTN never commot? There are some narratives we need to totally reject and insult the sender.

14:


Its very easy to bring money into the country and you can take it out anytime u want, thats not the same in a multiple currency exchange in nigeria.

I know what I'm talking about, if you have folks in South Africa send money to you, Thier govt automatically deduct 40% as commission off it, in essence their country doesn't encourage transfer of funds oversea. Not every country is as stupid as Nigeria

PigTormentor:


Yeah Buhari also made them close their stores stores in Australia and Poland in 2019.
Keep living in lala land. Do you know how many businesses have close in around the world just recently ?

You dey answer the idiot.Good riddance

Pearlyakin:
Another massive job loss to the employee

wtf do you mean ..they are leaving because no one is buying their overpriced products

adioolayi:
Hmm....."In the early days we were making money but now we just came up against too many roadblocks, whether it’s getting the money out, etc.”

Getting money out to where? Are you exporting currency?

Getting money, his profits, back to his home country.

AreaFada2:


Yep! The market is not buoyant enough for high end goods. See how Itel, Infinix and Tecno that nobody want in the West are the ones Nigerians flock to buy.

Vodafone, Bouygues, EE, AT & T and others have avoided 9ja telco sector like plague.

Companies in other non-food & non-essenco sectors will struggle seriously going forward.

wetin concern infinix with Vodafone? Infinix is not a network provider, theirs is to retail phones, why not give the same excuse to Apple and Samsung? You wanna compare Vodafone, use valid examples like MTN and Glo. Let your logic make sense. And I guess Nigerias business environment is the reason Mr Price closed down in Poland and Australia?It is time to grow local business in Nigeria and do away with the companies that don't provide any real value. The business environment may be bleeped up especially because businesses have to produce their own power but that's about all. Our local businesses will still thrive under any weather.

blingxx:


wtf do you mean ..they are leaving because no one is buying their overpriced products

Nobody even knows Mr Price. Pep we know, Shoprite we know? What da fuq is Mr Price?

steveekeoma:
"Volatile" as it is. Nigeria don suffer. Buhari this is what u've reduced our country into.

Na Buhari cause Mr Price to close down for Poland and Australia ba? Make una dey try get small patriotism. Small. You can blame Buhari for many things, yes but Mr Price leaving Nigeria has nothing to do with Buhari. It is time to grow our own local textile industry not some shitty stupid SA company selling substandard clothes to us.

Didn't you see they closed up in Australia and Poland too?
Abi na Buhari still cause that one too?
You Ipob people should better start using una head before its too late...Na only to Hate and cause division una sabi

Cumtroller:
Jobs Lost. Hope's and Dreams of Employees dashed. All due to the actions of one man. BUHARI!!!

Ok

Profprom:
Why blow your trumpet before leaving? Whether you leave or stay we have been surviving in this country and we will still survive with or without you. Better luck else where

You don't build a country and future of your children by surving in your country....

ABA boys still dey Nigeria nah. Let them go ooo.

Major thing making them close up is lack of patronage due to the relative high prices of their products, which is not parallel with their quality. Obviously same reason they closing down in other countries and they will also close down many more in the coming years. Every other published reasons na mere sakamaje (damage control).

jrusky:


Hey Mr face your side ok never in your life mentioned my parent again ok.

So because he want to shut down Buhari should kneel down to beg him bah


Pls face your front.

Imagine with this your attitude and support of Buhari, more companies starts leaving Nigeria, this country will turn to an animal pack. Issues like these should be looked from the senate. Companies leaving the country means the economy is going down, and the currency becomes more weak. Do you know why countries like Zimbabwe and others have low currency? We should not let Nigeria become a case study on failed nations.

Lets be guarded with what we wish for.