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Clothing & textile prices shoot up as Xmas nears
14 Dec '05
1 min read
Approaching Christmas eve, the rise in demand for goods pushes prices, as well, reveals a survey.
Lagos, the Nigerian capital currently experiences this, as dramatic rise in textiles prices in particular have been registered.
A five-yard of lace material that used to cost N6000 earlier, is priced today at N6500, while a guinea material of the same yard that cost N2500 last month, is now available for N2750.
A short sleeve shirt, sold between N900 and N1000 sometime back, costs between N1200 and N1300, these days.
Traders say transportation of goods to the markets this time around, requires additional efforts and money, fueled by growing demand for textiles.
Lagos, the Nigerian capital currently experiences this, as dramatic rise in textiles prices in particular have been registered.
A five-yard of lace material that used to cost N6000 earlier, is priced today at N6500, while a guinea material of the same yard that cost N2500 last month, is now available for N2750.
A short sleeve shirt, sold between N900 and N1000 sometime back, costs between N1200 and N1300, these days.
Traders say transportation of goods to the markets this time around, requires additional efforts and money, fueled by growing demand for textiles.
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