OLX Is 5 Years Old – Reveals Impact Of Online Classifieds On Nigerian Economy (Infograph)

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olx

OLX reveals value of the secondhand items posted on the site in 2016

  • The total value of second items posted was N12.1 trillion last year
  • 1,122,001 items were posted for sale, which equates to one item posted every thirty seconds 

Lagos, Nigeria: OLX, the leading online classifieds site in Nigeria, has released a second hand items report for Nigeria for the first time in commemoration of their 5th Anniversary to showcase trends within the local secondhand market from last year.

According to the report, the value of the unused or secondhand items posted on the site was N12.1 trillion last year, which interestingly, is almost twice the market capital for Snapchat*. The report also showcases the power of the secondhand market offering in Nigeria, by revealing that over one million items were posted for sale last year, which equates to one item being up for grabs every 30 seconds on OLX.

 

 

SOURCE: https://autojosh.com/olx-5-years-old/