The PlayStation 5 console is arguably the most sought after piece of technology around the world presently. On 16 September 2020, Sony officially announced the price of its latest piece of gaming hardware. It provided that the PS5 Digital Edition would cost $399.99 or £359.99, and the Standard Edition $499.99 or £449.99. This article is focused on the Standard Edition for reasons we will provide in a later article. Anyone tracking the price of this next generation console knows that PS5 price in Nigeria does not match the announced price. At least at the point of publishing.
Before we dive into this article, one thing to note is that PS5 price in Nigeria is very dynamic; as a result the information in this article is subject to change. We have however placed a helpful product information which will always reflect our current price for the PlayStation 5. In fact, you can add it to your shopping basket right away.
- Sony PlayStation 5 Console₦470,000.00
Many people at the point of Sony’s PS5 price announcement already saved up approximately 250,000NGN. This was the announced price converted into Naira. Since release, the cheapest price anyone has purchased the game for in Nigeria is 440,000NGN (that we know of). This was when we had this amazing offer (at that time everyone else was selling at more than 550,00NGN). To find out the present PS5 price in Nigeria, one has to consider where you are getting your console from.
Where to buy PS5 in Nigeria?
There are three main categories of people/places you can buy the PS5 (and other gaming product for that matter) from. We have set them out below:
- Retailers: These are stores, such as VG Stores, that sell video games, consoles and accessories. There are as many different prices as there are retailers, but the best price across this group presently is 455,000NGN.
- Marketplace Sites: These are websites such as Jumia/Konga. They do not stock the consoles but rely on merchants (usually the retailers above) to sell on their platforms. These sites charge the retailers a commission for sale on their platforms. In turn, the retailers pass this extra cost to the customer. So what you would find is that prices on marketplace sites would be higher than direct offers from retailers. As at the date of publication, the best price we found on one of these sites is 469,500NGN.
- Resellers/Plugs: These are individuals that can get you literally anything – some have their focused sectors. Similar to marketplace sites, they don’t stock consoles. They maintain relationship with various retailers and can get you what you need. Unfortunately, these individual’s prices vary and we are unable to provide a benchmark for them.
What the future holds
Now you know the price, the next question is whether to buy now or wait till the console becomes cheaper. The factors that have caused the price of the PS5 to be higher than the announcement price are numerous. We are planning an explainer video to discuss them on our Instagram page; make sure you are following us. These factors are still ongoing and there is no indication about when they will come to an end. So if you plan on waiting till the price drops significantly, you might find your self waiting for some time.
Sometimes, we are able to offer prices that are far cheaper than other retailers. This is not constant and it is aways going to be a case of first come first serve. If you want us to notify you when such offer is available, provide your contact details on this link.