I saw some post on social media as per the increasing value of Naira and decided to share. Posts like this are going to be rampant.

StOla:
Nice analogy but obviously a fable as the profit anticipated at an exchange rate of N2000 is not worth the effort.

As dem dey keep the dollars close to their chest, their BP dey rise.

SeeWahala:
People who met it at N700 opened a thread to jubilate that they have successfully taken it to N1,000

Only on nairaland

StOla:
Nice analogy but obviously a fable as the profit anticipated at an exchange rate of N2000 is not worth the effort.

As dem dey keep the dollars close to their chest, their BP dey rise.

SeeWahala:
People who met it at N700 opened a thread to jubilate that they have successfully taken it to N1,000

Only on nairaland

Enugurangers:

Some were actually thinking it would go as high as 4k. They were misled.

helinues:


1 million profits at N2000 is not bad

StOla:


You will risk N18m just to make N2m profit and still pay an interest of N1m?

So, beneficial profit of only N1m?

jomarick:
Intentionally float the currency for a while, return it back to normal as it was. Then you expect an applaud.

StOla:


Hahahaha!

I pity those who listened to the anarchists and began their own stockpiling late with exchange rate above N1500.

They are shedding premium tears now.

Currency speculators now speculating on their losses.

SeeWahala:
People who met it at N700 opened a thread to jubilate that they have successfully taken it to N1,000

Only on nairaland

helinues:


Serves right.

They are betting against their country currency as they never pray for the Naira to rise again.

Enugurangers:

Someone I know even bought at 1800 thinking it would keep going higher, and all he had to do was wait and sell. Luckily for him, he was able to dump it at 1300, cut his losses and run. If he had waited abit more, his loss would have been greater.

Enugurangers:
They played a game and lost. I hope they are still keeping that dollars close to their chest.

They were warned, but they would rather listen to someone like Rufai Oseni who has only a Animal Physiology degree from an Agricultural university than listen to economics experts.

SeeWahala:
Even to stumble upon a single FUNCTIONING public water supply system in any city in nigeria as at today after APC 9 years of misrule rule . . .

Yet they are mocking a privately donated community borehole water supply

emphasis on the word COMMUNITY

SeeWahala:
People who met it at N700 opened a thread to jubilate that they have successfully taken it to N1,000

Only on nairaland

adekolaelect:
But you were celebrating when it was high?

Basic123:

Privately donated
By a thieving former governor??
From Anambra stolen fund 😆 ?

You people actually think others are fools!

SeeWahala:
People who met it at N700 opened a thread to jubilate that they have successfully taken it to N1,000

Only on nairaland

PlayerMeji:
So as much as they have informed you that every month for the past decades the Nigerian government has been paying a subsidy of not less than 3 billion dollars to keep the dollar at the figure it has been but now the subsidy has been removed for the naira to perform on its own.
And it is performing excellently on its own, then you mean to say that is not worth celebrating...