Tag: Retailers

Cooking gas price increased by 39% one year - NBS
News

Retailers deny claims of manipulating cooking gas prices

The Liquefied Petroleum Gas Retailers Association of Nigeria has disassociated its members from the ongoing hike and scarcity of cooking gas nationwide, maintaining that retailers are not to blame for the price surge. Speaking in Lagos on Saturday, LPGAR Chairman, Mr. Ayobami Olarinoye, said that the rising prices stem from supply constraints, not manipulation by […]

Naira closes week stronger at N1,534.72/$ 
News

Retailers struggle to restock as inflation, FX issues escalate

Nigerian retailers are expressing significant concerns over the escalating difficulties they face in restocking their shelves, attributing these challenges to foreign exchange instability and rising inflation rates across the country. As inflation continues to climb, the cost of commodities has surged, further impacting retailers. In August 2024, Nigeria recorded a core inflation rate of 27.60%, […]

Google unveils next Gen tools for retailers
News Tech

Google unveils next Gen tools for retailers

Google Cloud on Thursday announced new generation AI tools with the goal of assisting businesses in streamlining their back-office processes and personalizing their online shopping experiences. With Google Cloud’s Conversational Commerce Solution, businesses can incorporate agents driven by artificial intelligence into their mobile applications and websites. The agents, according to Google, are powered by “sophisticated” […]