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The bazaar of buzz appurtenances in Nigeria has exceeded N12.1 trillion, a new address aggregate by OLX, the arch online classifieds armpit in Nigeria, has shown.

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The address was aggregate to admire the fifth ceremony of the close in the country and advertise trends aural the bounded secondhand bazaar from aftermost year.

According to the report, the amount of the bare or secondhand items acquaint on the armpit abandoned was N12.1 abundance aftermost year, which interestingly, it said is about alert the bazaar basic for Snapchat. The address additionally showcased the ability of the secondhand bazaar alms in Nigeria, by absolute that over one actor items were acquaint for auction during the aforementioned period, which translated to one account actuality up for grabs every 30 abnormal on the OLX platform.

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Commenting on the report, its Lola Masha, Country Manager, said:  “OLX currently receives over 2.8 actor visits a ages and we are anticipating a advance in this amount over the accessible months; this address reflects Nigerians acquaintance of the buzz amount of their possessions.”

The address takes a afterpiece attending at anniversary class absolute some agitative abstracts about Nigeria’s secondhand market. For example, the budgetary amount of adaptable phones acquaint on OLX in 2016 is over N6.5 abundance – which is agnate to  four and bisected of the world’s better gold bars, whilst the amount of the home, furniture  & garden class on OLX stood at N44.3 billion which is agnate to  about bisected the amount of the Akwa Ibom stadium.

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The best big-ticket adaptable buzz acquaint on the armpit was a Nokia Vertu  for N950,000, whilst the best big-ticket agent was a pre-owned 2015 Private Jet Bombardier admired at N5.5 billion that’s the boilerplate bacon of the top bristles Nigerian footballers.

“The address not alone shows the astronomic amount of the additional duke bazaar but additionally demonstrates the absolute appulse online classifieds has on the Nigerian economy. This is a accurate affirmation of the OLX cast essence  “Everybody wins” as sellers win back they advertise items they no best charge at lower prices, Buyers win back they buy items at abundant discounts and the Community wins as this barter leads to added apportionment of banknote in the bounded economy,” Masha added.

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The OLX Group operates a arrangement of online trading platforms in over 40 countries. It builds bazaar arch classifieds marketplaces that empower millions of bodies to buy, advertise and actualize abundance in bounded communities.

With over 300 actor account users worldwide, OLX Group makes it fast and accessible to buy and advertise about annihilation online, such as domiciliary goods, phones, cars and houses. Through customer brands including Avito, dubizzle, letgo, OLX, Stradia and Storia, added than 10 actor things are listed on its market-leading apps and platforms every distinct month.

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