So as of today, here is what $$ exchange looks like…
2 years later, how are you still coping? This is still at least double what we launched with in 2013.
Well as of today, $1 is N450.00. We sell in Naira but we buy inventory in USD.
#sigh, all we can do is keep trucking and keep making sure that we continue providing quality.
Its hard for small businesses to make it work; we gotta worry about obtaining inventory, we gotta worry about air freight to Nigeria from the US which at the moment is about $17 per shoe to Nigeria. All these while still earning in Naira and buying in USD.
How are you making it work in this recession economy? Do share….