“Infinix Hot 3 Launched In Nigeria, But I Think We Are Being Cheated”

Infinix, yesterday the 4th of April, 2016, Launched the infinix Hot 3 x554 android phone to the Nigerian market. The phone which is seen as an upgrade to the first android one smartphone in Africa – infinix hot 2, was launched in Indonesia and Kenya last month.

You may have known of the specs of the phone so i wouldn’t want to bore you with that. Instead, i am looking at the price.

The infinix hot 3 was launched with a price tag ofN26,500in Nigeria. While the price tag seem very affordable, something isn’t just right. Elly, few days back, gave us a hint via comment stating that the hot 3 has been launched in Kenya with a price tag of $75 (75USD).

I also did some little research and stumbled on a kenya website currently selling the hot 3 x554 smartphone for KSH 7,899. Since i don’t know the current exchange rate, i decided to consult Google and Google said Kenyan Shilling 7,899 equals to N15,507.79 in Nigerian Naira.

Okay, i do understand that the exchange rate provided by Google may not be accurate and dollar rate affects the price but then, let’s do some very simple mathematics going by what Elly said.
As at yesterday the 4th of April, 2016, i made a purchase online and my bank charged me N305 to a dollar (that rate hasn’t changed in weeks if not months now). Some banks in Nigeria charge even less. Now, N305 x 75 =N22,875. If we want to go further by using the black market dollar exchange rate, N320 x 75 = N24,000. The difference may be very little but i don’t think it’s fair. So my question is, why the difference in price? Are we being cheated?