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Nairaland Forum / Nairaland / General / Business / What Is Happening To Nigerian Currency (63062 Views)
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Re: What Is Happening To Nigerian Currency by Nobody: 11:16pm On Jul 23, 2022 |
darediamond: Hmmm very Insightful but unfortunately this Is not meant for ordinary people. Nice one.. |
Re: What Is Happening To Nigerian Currency by leokid866: 11:29pm On Jul 23, 2022 |
okeysoninv:you obviously have no knowledge of how national and international economics work so im not even going to try....... enjoy your ignorance....... |
Re: What Is Happening To Nigerian Currency by leokid866: 11:31pm On Jul 23, 2022 |
erico2k2:i will give Obj security but his economics and everything else was poor. |
Re: What Is Happening To Nigerian Currency by MyAmericandream(f): 11:50pm On Jul 23, 2022 |
Alabaintprice:It’s easier said than done , I just hope when he finally gets there he won’t disappoint. FYI I don’t do what other female does, you don’t even know me from Adam. Why would you conclude such thing? 1 Like |
Re: What Is Happening To Nigerian Currency by Nobody: 11:59pm On Jul 23, 2022 |
usagee36: Amen. They are "Sophisticated, Innovative, Useful Devils.. |
Re: What Is Happening To Nigerian Currency by mediclife1987(m): 12:01am On Jul 24, 2022 |
beautyhd: My inability to find a safe and reliable platform to save in dollars is just rubbishing all my savings in Naira. I hope my money won't turn to $100 by next year so... |
Re: What Is Happening To Nigerian Currency by TrumpDonald2: 12:15am On Jul 24, 2022 |
guobe:But some idiots will never learn. They are just too blind to see it. 1 Like |
Re: What Is Happening To Nigerian Currency by guobe: 1:15am On Jul 24, 2022 |
TrumpDonald2:most Nigerians are tribalism and don't care about competence |
Re: What Is Happening To Nigerian Currency by scarycuteface(m): 2:36am On Jul 24, 2022 |
The naira is a disgrace currently. That is why we hedge funds with usdt on yellow Card App |
Re: What Is Happening To Nigerian Currency by Coquinoqui: 3:40am On Jul 24, 2022 |
beautyhd: Im base in the US. It’s a bitter sweet experience .sweet in the sense that I earn in $$$ and dollar might hit 1k by December. The sad part is no matter hw much I send back home is still not gonna be enough cos cost of living is going up as dollar is rising 1 Like |
Re: What Is Happening To Nigerian Currency by Nobody: 7:09am On Jul 24, 2022 |
Thomthom:you're a true statesman. Ironically, people like you needed to make effective change in the system are very very few. 90% of people with PVC in Nigeria are people who actually have no reason having PVC. These are people who can easily sell their votes for #5000, and these people will determine our fate in next year's election. Take it from me, either Tinubu or Atiku will win. Obi will not win. This will happen not because they are better than Obi, but because the state machinery will work against him. Election in the South East will be very poor. In the North, it will be influenced by tribe and religion. South West will vote their son. Places where Obi can even get votes in Lagos will see the machinery of state work against them. Nigeria and Nigerians are not ready for self purification. We still have like 50yrs ahead of us to realise ourselves. APC gave us a very wrong candidate in Tinubu, Osibanjo is far far better, and has the interest of the people. 1 Like |
Re: What Is Happening To Nigerian Currency by erico2k2(m): 8:52am On Jul 24, 2022 |
leokid866:After OBJ left howmuch did we owe?? 1 Like 1 Share |
Re: What Is Happening To Nigerian Currency by owagbeba: 9:43am On Jul 24, 2022 |
darediamond: Hello Darediamond, Great post over here. I wonder if there is any online platform to get an idea of the daily black market Fx rates? Are any of the ideas you suggested good for send funds overseas to US and China. I am having a lot of limitations using the traditional bank. Most times they are slow and unpredictable. If one sets up an account in neighboring country, can I use the Afrifund to send payments to the account from my Nigerian account. Any limits? And can I subsequently move funds from that account in an African country to China or US through their online banking? School me, pls |
Re: What Is Happening To Nigerian Currency by darediamond(m): 11:03am On Jul 24, 2022 |
owagbeba:The best and easiest way to move money now is via the Stable Cryptocurrencies which are pegged to Traditional Dollar. The coins are USDT, BUSD, TUSD, USDC, USDP and DAI. USDT is the Globally most popularly used stable Crypto currency. Before I answer your main questions, Know that it is NOW FAR FAR BETTER TO SAVE YOUR MONEY OR CONVERT YOUR TRADIONAL FIAT EXPECIALLY DOLLARS TO Crypto dollar and get your own standalone Hardware Crypto Wallet like Nano etc. https://www.hardware-wallets.info/en/wallets?gclid=Cj0KCQjw2_OWBhDqARIsAAUNTTH5JAfVh_Id-v4G9ga1wk6QZHqYH0lKyUl4MT2Yzs1in8iaILABNfMaAgdcEALw_wcB The reason for this is the permanent stay of Cryptocurrencies in general and also about the artificial inflation being always created by The Goverment Rigth their in USA let alone lesser countries like ours, Nigeria. And more the imminent collapse of Traditional Dollar. Let me stop there for now. You can dig for more info on the topic. Ofcourse you can move money via EVERSEND, Plumter, ChipperCash by funding your account in Naira and load your given card with it. Afterwards, Head onto Skrill or Neteller to do International Money transfer and it is Free of Charge. But The dollars would be sold to you at Black market rate so those 3 routes ain't good for Arbitrage at all. Another non-arbitrage oriented way is to go onto Binance P2P and exchange your Naira to USDT. And from usdt to Dollars or Yen using any of the Mobile wallets available to the residents of the country of your choice. Access Bank AccessMore and UBA Africash ubagroup.com/nigeria/africash/ are channel's anyone can use to send Naira at profit generation rate to some African countries. If you have either traditional Bank account or Mobile wallet, activated in any of the African countries those 2 banks covers, then you can cheaply Buy Dollars or better usdt and move your money as you wish using Binance P2P platform or Skrill or Neteller. If you still do not understand me properly, you can talk with me directly via 0 seven 0 Sixty 5785 sixty nine 1 Like |
Re: What Is Happening To Nigerian Currency by Ijoba85: 11:13am On Jul 24, 2022 |
Android version 11..60k..Ojodu Berger...Neat with its carton and charger as packed and brought from UK..Message or call 09012411382.. pussyahnie: |
Re: What Is Happening To Nigerian Currency by darediamond(m): 11:44am On Jul 24, 2022 |
scarycuteface:Sense. You are Smartly SMART!!! GBUTIA!!! 1 Like |
Re: What Is Happening To Nigerian Currency by Brunicekid(m): 11:54am On Jul 24, 2022 |
rolams:GOD FORBID!!! |
Re: What Is Happening To Nigerian Currency by darediamond(m): 11:57am On Jul 24, 2022 |
Coquinoqui:lock into the forex system of USA by stop doing Mortar and Brick job nor business over there and you never care whether naira hit 10,000 to 1 dollar again. If you can, sponsor any of your people wjlhom you Trust so we'll to a country like Kenya, Ghana etc. or you do it yourself. On getting there get A SIM CARD ACTIVATED in your name, open M-Pesa wallet. Fund your Mpesa account and head on to Binance P2P to buy USDT cheaply using Kenya Shillings. Once you have USDT, sell it via P2P again 2 Naira at BLACK MARKET RATE. Since Crypto is not Frown at Kenya, Binin, Ghana Uganda, Ivory Coast etc, you can fund your Binance account directly with a BANK ATM card meant or activated for online transactions in foreign Currencies. You can even do this directly between Remitano and Binance to fro, to FRO which in my language I call gbelo gbebo. See stop doing Mortar and brick job and business. Tap into your own legal channel of the National Cake from OIL Revenue using Forex even while you are in the state. There are several ways to do it. One of which I revealed above. 2 Likes 1 Share |
Re: What Is Happening To Nigerian Currency by owagbeba: 12:33pm On Jul 24, 2022 |
darediamond: Wow, you are a pro. Thanks for the reply. A bit overloaded for my Old self. Can skrill and neteller do upto 4 to 5 digits USD using a bank card? Crypto scares the hell out of me! I dont understand it and get my head around it. Bro, I am a bit old school. So how can I do all these using the traditional means? |
Re: What Is Happening To Nigerian Currency by owagbeba: 12:40pm On Jul 24, 2022 |
@ darediamond Number saved, thanks. By the way what’s USDT? Goggle says it Tether, correct? Another thing I’d wanted to ask you is how you survive through instability of the bitcoin market? A statement from Musk can crash or raise the value through the roof, |
Re: What Is Happening To Nigerian Currency by leokid866: 1:30pm On Jul 24, 2022 |
erico2k2:lol........you forgot baba had to go cap in hand for debt relief...........and you seem to forget all of the borrowing he started and supported through Yaradua and Jona...........or you think all our debt came with Buhari government?.......... |
Re: What Is Happening To Nigerian Currency by erico2k2(m): 2:14pm On Jul 24, 2022 |
leokid866:We 2 like long statement I ask a one liner howmuch was our Debt when OBJ left office.simple |
Re: What Is Happening To Nigerian Currency by hexenbiest: 2:31pm On Jul 24, 2022 |
It's bearish, still salary remains the same and this makes saving in naira very risky, it's time to work smart and earn in foreign currency. you can do this by opening a dorm account or trading crypto at the best rate on https://yellowcard.io/
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Re: What Is Happening To Nigerian Currency by HarlequinLekex: 2:45pm On Jul 24, 2022 |
guobe:Best way to move |
Re: What Is Happening To Nigerian Currency by rolams(m): 4:13pm On Jul 24, 2022 |
Brunicekid: Hmmm! |
Re: What Is Happening To Nigerian Currency by BECALMBECALM(m): 5:59pm On Jul 24, 2022 |
Anybody who is still supporting this evil government does not deserve to live and see 2023. This is my prayer to anyone who is supporting this evil government. People are suffering and dying daily in Nigeria. I live and work abroad. We are also feeling the heat because we have family members in Nigeria. Let's not allow these evil old men to come back to power. Nigeria will be great again, if we can use our pvc to vote these people out. |
Re: What Is Happening To Nigerian Currency by Keemie(f): 7:51pm On Jul 24, 2022 |
owagbeba: Try Grey https://greyapp.page/yvRDqvsAjNaFmKiE7 |
Re: What Is Happening To Nigerian Currency by darediamond(m): 7:58pm On Jul 24, 2022 |
owagbeba:I correctly time my trades. I do not do long time frame trades. But sometimes if I hooked in for example BTC/USDT MARKET, I do not panic sell. I simply shift to ETH/BTC Market to recover my BTC value. But If you can not buy 1 over 10 the current price of BTC, do not trade it unless the Weekly or Monthly Chart Indicator says "Buy". Go for a lower price coin that follows BTC volatility. Coins like BNB which is a utility coin is okay for a capital of 200USDT and above currently as the current price of BNB is fluctuating between 240 and 270 so if BNB appreciates say from 260 to 268, your profit would be near 4usdt or more. I care not about what Must is saying. As long as there is Liquidity there would be Volatility to yield constant profit. Mine is to know when to Long and Short. Vice Versa. 1 Like |
Re: What Is Happening To Nigerian Currency by leokid866: 8:10pm On Jul 24, 2022 |
erico2k2:you can't just focus on that aspect and ignore how we got there.......you think it won't have been higher if the international community refused to forgive the military debt we had incurec over the years? |
Re: What Is Happening To Nigerian Currency by grandstar(m): 11:12pm On Jul 24, 2022 |
9jaRealist: Majority of Nigerians are either armchair economist or denialist who fail to see the handwriting on the wall The good thing is that Atiku (especially), Tinubu and Peter Obi will undo many of Buhari's policies. However, will they introduce policies that would yield tearaway growth? It's only Atiku that has promised liberalisation and deregulation of all sectors and an end to the interventionist model which the present government is notorious for and has bankrupted the economy. Tinubu and Peter Obi have been silent on what their plans are. It was on such emptiness that PMB was brought to power. I forgot PMB promised to make $1- ₦1. Perhaps, he should be given an extra term to achieve this. 2 Likes |
Re: What Is Happening To Nigerian Currency by sunnnnyuu(m): 9:46am On Jul 25, 2022 |
marenkurz:If you are not Obidient then do you call him Human and Buhari animal, infact you are the animal for believing that Buhari is not educated |
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