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MTN, Airtel Lose N479bn To Currency Revaluation - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / MTN, Airtel Lose N479bn To Currency Revaluation (18518 Views)

CBN Insists Banks Can’t Pay Dividends From FX Revaluation Gains / 8 Firms Hit By Naira Devaluation: N918.1bn Currency Revaluation Loss / Naira Revaluation - Nigerian economic miracle (2) (3) (4)

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Re: MTN, Airtel Lose N479bn To Currency Revaluation by tsdarkside(m): 7:18pm On Nov 05, 2023
we nigerians realy need to start gettin serious with this foreighn basstards....!!

if they dont accept the naira,they shouldnt be allowed to operate in nigeria....!!

local people will take over that accept nairas....

you nigerians can not tell me,their are no nigerians that understand this things....
Re: MTN, Airtel Lose N479bn To Currency Revaluation by Eriokanmi: 7:18pm On Nov 05, 2023
Guyman01:
They left their core business and started currency speculation, now Naira is gaining very fast against the dollar due to reduction in demand for luxury goods by many Nigerians and they are now crying just like the Nairalander who took advise from here to stock up on dollar at N1300 hoping it will get to N1500 in a few days only to see it crash below N1300 the next day and still going down further today
You must be living in Jupiter. Where's the dollar? I approached my bank ahead of my recent trip and asked for only 4kusd and they said no fx. The only reason naira appreciated a little was the 10bn usd backlogs they're clearing , which hasn't taken meaningful effect. You can't give what you don't have.
Re: MTN, Airtel Lose N479bn To Currency Revaluation by MartinsD12(m): 7:18pm On Nov 05, 2023
post=126809162:


Source: https://punchng.com/mtn-airtel-lose-n479bn-to-currency-revaluation/
It's chicken change compared to what they make from Nigerians in a month

1 Like

Re: MTN, Airtel Lose N479bn To Currency Revaluation by tsdarkside(m): 7:22pm On Nov 05, 2023
Eriokanmi:
You must be living in Jupiter. Where's the dollar? I approached my bank ahead of my recent trip and asked for only 4kusd and they said no fx. The only reason naira appreciated a little was the 10bn usd backlogs they're clearing , which hasn't taken meaningful effect. You can't give what you don't have.

you have no right to get dollars in nigeria....!!

to hell with you....
to hell with dollars....

2 Likes

Re: MTN, Airtel Lose N479bn To Currency Revaluation by omoadeleye(m): 7:23pm On Nov 05, 2023
Domaining101:
Don't worry, i promise you that by next year around march, Airtel and MTN will leave Nigeria because of tinubu and his trial and error economic policies.


Then we can focus on Glo, our network

1 Like

Re: MTN, Airtel Lose N479bn To Currency Revaluation by micxwell(m): 7:25pm On Nov 05, 2023
Guyman01:
They left their core business and started currency speculation, now Naira is gaining very fast against the dollar due to reduction in demand for luxury goods by many Nigerians and they are now crying just like the Nairalander who took advise from here to stock up on dollar at N1300 hoping it will get to N1500 in a few days only to see it crash below N1300 the next day and still going down further today
🤣🤣🤣 You'll understand soon! People stopped running after USD because they are all waiting to buy the dip; the dip - Lots of people want to do DoRiMe for Xmas 🎁. They are hoping it will go down the more so that they can launch their attack.

1 Like

Re: MTN, Airtel Lose N479bn To Currency Revaluation by tsdarkside(m): 7:25pm On Nov 05, 2023
omoadeleye:



Then we can focus on Glo, our network

thats right....!!
to hell with all of them....

they should go america and earn in dollars....

but wait a minute....
if you are that obsessed with dollars,shouldnt you be settin your company up in america that prints dollars....??

1 Like

Re: MTN, Airtel Lose N479bn To Currency Revaluation by iyke2frankeze: 7:28pm On Nov 05, 2023
The best way to attract more investments.
Re: MTN, Airtel Lose N479bn To Currency Revaluation by FOOTSOLDIER2(f): 7:29pm On Nov 05, 2023
ppogba:


Will the same policy drive banks that are now making over 200 percent profit as a result of currency revaluation away.?

Of course, we expect e- rodents like you who know next to nothing about the topic to jump in and exhibit your usual stupidity.

Banks making over 200% at the expense of you and other agbado ronus, suffering and smiling Yoruba man like you
Re: MTN, Airtel Lose N479bn To Currency Revaluation by ppogba: 7:33pm On Nov 05, 2023
FOOTSOLDIER2:


Banks making over 200% at the expense of you and other agbado ronus, suffering and smiling Yoruba man like you

I don't engage barely literate goons like you.
You cannot sustain the argument.

1 Like

Re: MTN, Airtel Lose N479bn To Currency Revaluation by tsdarkside(m): 7:35pm On Nov 05, 2023
nigeria doesnt have control over dollars....

why askin for it in nigeria....

accept the naira or go away....!! angry angry

1 Like

Re: MTN, Airtel Lose N479bn To Currency Revaluation by snipernigga(m): 7:38pm On Nov 05, 2023
But they said they never devalue the sickle cell naira currency, ( can anything good come out of Nazareth) can anything truth come out of Nigeria and Naira/land? grin grin grin
Re: MTN, Airtel Lose N479bn To Currency Revaluation by NinjaMetahuman: 7:38pm On Nov 05, 2023
Domaining101:
Don't worry, i promise you that by next year around march, Airtel and MTN will leave Nigeria because of tinubu and his trial and error economic policies.
and you will be very happy about it because you love bad news.

1 Like

Re: MTN, Airtel Lose N479bn To Currency Revaluation by new2012: 7:39pm On Nov 05, 2023
tsdarkside:


thats right....!!
to hell with all of them....

they should go america and earn in dollars....

but wait a minute....
if you are that obsessed with dollars,shouldnt you be settin your company up in america that prints dollars....??

when one patiently read takes like this, it's easy to wonder if the forum is run and manned by kids. the mentality is really accursed.
Re: MTN, Airtel Lose N479bn To Currency Revaluation by Kharol1234: 7:41pm On Nov 05, 2023
Because who na loose money that's why who na they vap person data abi.
Re: MTN, Airtel Lose N479bn To Currency Revaluation by HugeElephant(f): 7:42pm On Nov 05, 2023
They have made more than that na
Re: MTN, Airtel Lose N479bn To Currency Revaluation by tsdarkside(m): 7:43pm On Nov 05, 2023
new2012:


when one patiently read takes like this, it's easy to wonder if the forum is run and manned by kids. the mentality is really accursed.

go fvk yourself....
Re: MTN, Airtel Lose N479bn To Currency Revaluation by mizzyjozywizzy(m): 7:44pm On Nov 05, 2023
I almost got a Samsung today y'all but I lost out in the end y'all can check out the link
https:///Samsungpromo1
Re: MTN, Airtel Lose N479bn To Currency Revaluation by tsdarkside(m): 7:47pm On Nov 05, 2023
we invite the chinese to teach local people to do network....

to hell with western nations....

i hate dollars....!! angry angry
Re: MTN, Airtel Lose N479bn To Currency Revaluation by PecE2Make: 7:49pm On Nov 05, 2023
The poorest of the poor will be at the receiving end by by paying back their losses.
Re: MTN, Airtel Lose N479bn To Currency Revaluation by Kay25(m): 7:50pm On Nov 05, 2023
Domaining101:
Don't worry, i promise you that by next year around march, Airtel and MTN will leave Nigeria because of tinubu and his trial and error economic policies.
U don't even have anything position in ur mindset if they leave u think that's the end

1 Like

Re: MTN, Airtel Lose N479bn To Currency Revaluation by owagbeba: 7:56pm On Nov 05, 2023
Guyman01:
They left their core business and started currency speculation, now Naira is gaining very fast against the dollar due to reduction in demand for luxury goods by many Nigerians and they are now crying just like the Nairalander who took advise from here to stock up on dollar at N1300 hoping it will get to N1500 in a few days only to see it crash below N1300 the next day and still going down further today

Where did you read in this story that they (MTN & Airtel) were into currency speculation ?

Don’t you know what letter of credit is in trade/business?

Comment is not mandatory on Nairaland
Re: MTN, Airtel Lose N479bn To Currency Revaluation by Blitzking: 7:58pm On Nov 05, 2023
post=126809162:


Source: https://punchng.com/mtn-airtel-lose-n479bn-to-currency-revaluation/
air wey dey alway remind me 200mb left when its 1st of a new month like say dem dey expect monthly transfer even if I just subscribed 1 week prior.
Re: MTN, Airtel Lose N479bn To Currency Revaluation by Benwallt(m): 8:02pm On Nov 05, 2023
Domaining101:
Don't worry, i promise you that by next year around march, Airtel and MTN will leave Nigeria because of tinubu and his trial and error economic policies.

Globacom will benefit immensely. Bye to them both. Prophet of doom

1 Like

Re: MTN, Airtel Lose N479bn To Currency Revaluation by Antoeni(m): 8:03pm On Nov 05, 2023
May MTN Continue to Lose.
May Airtel Recover Fast
Re: MTN, Airtel Lose N479bn To Currency Revaluation by Bluntemperor: 8:06pm On Nov 05, 2023
Guyman01:
They left their core business and started currency speculation, now Naira is gaining very fast against the dollar due to reduction in demand for luxury goods by many Nigerians and they are now crying just like the Nairalander who took advise from here to stock up on dollar at N1300 hoping it will get to N1500 in a few days only to see it crash below N1300 the next day and still going down further today

GBAM!
Re: MTN, Airtel Lose N479bn To Currency Revaluation by Abagworo(m): 8:09pm On Nov 05, 2023
Theunbothered:
One cow called Manna is coming to say this is good and we should patronise Glo, the same cow was shouting about foreign investment because Tinubu went to snap pishure in India.

In this case he's right. Foreign investors are parasites sucking away much more than invested. The best investments are homegrown
Re: MTN, Airtel Lose N479bn To Currency Revaluation by BigIyanga: 8:15pm On Nov 05, 2023
Guyman01:
They left their core business and started currency speculation, now Naira is gaining very fast against the dollar due to reduction in demand for luxury goods by many Nigerians and they are now crying just like the Nairalander who took advise from here to stock up on dollar at N1300 hoping it will get to N1500 in a few days only to see it crash below N1300 the next day and still going down further today
Spoken like a partisan brigand with zero understanding of intl trade.
MTN is an RSA based company so most of its vendors in Naija like Erickson, Microsoft, IHS and co… charge in $$ €€.. So you buy data in Naira, MTN coverts naira to USD to pay vendors.

Also, when it borrows, it borrows in $$€Rand, so it must convert Naira to those currencies in order to pay back.

Have u bought fuel and fed your family today? Richest Nigerians own bulk of MTN Naija shares… so focus on your pitty azz… cos BAT is likely to give them tax waivers than partisan mind.. lol

1 Like

Re: MTN, Airtel Lose N479bn To Currency Revaluation by tsdarkside(m): 8:22pm On Nov 05, 2023
BigIyanga:

Spoken like a partisan brigand with zero understanding of intl trade.
MTN is an RSA based company so most of its vendors in Naija like Erickson, Microsoft, IHS and co… charge in $$ €€.. So you buy data in Naira, MTN coverts naira to USD to pay vendors.

Also, when it borrows, it borrows in $$€Rand, so it must convert Naira to those currencies in order to pay back.

Have u bought fuel and fed your family today? Richest Nigerians own bulk of MTN Naija shares… so focus on your pitty azz… cos BAT is likely to give them tax waivers than partisan mind.. lol

white cvck svckers like you will have nothing to argue no more when we drive all those parasitic western companies out of nigeria....

2 Likes

Re: MTN, Airtel Lose N479bn To Currency Revaluation by FireUpNow(m): 8:23pm On Nov 05, 2023
Hendrixky:
Good for them


The way airtel suck my data

I know one day they will lose their money 💰
.You and I will spend more on Data because the data zapping nor go get part 2 oo
Re: MTN, Airtel Lose N479bn To Currency Revaluation by tsdarkside(m): 8:27pm On Nov 05, 2023
they were doing currency speculations....

or else they would be happy that naira is gainin ground against the dollar....

think about it....
Re: MTN, Airtel Lose N479bn To Currency Revaluation by tsdarkside(m): 8:38pm On Nov 05, 2023
its this parasitic foreighn companies that were speculatin against the naira....!!

i dealt with stocks....i know how it works....

its a giant international casino....!!

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