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Nairaland Forum / Nairaland / General / Investment / Nigerians Shun Naira For Foreign Currencies To Protect Wealth (30183 Views)
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Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by kachimoore94: 3:12pm On Apr 22, 2021 |
Nigeria is depreciating instead of appreciating, we are going backwards and buhari doesn't give a Bleep. |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by favour32(m): 3:12pm On Apr 22, 2021 |
Yes na! Wetin concern me with naira controlling my wealth safety ? |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by Iruobean(m): 3:12pm On Apr 22, 2021 |
After banning banks from aiding crypto currency trading this is still happening, I think they need to also stop forex trade, infact stop everything let us start again. Please no body should quote me. 2 Likes |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by joelag: 3:12pm On Apr 22, 2021 |
One to one in the opposite direction. |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by LXG2(m): 3:12pm On Apr 22, 2021 |
k |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by ictjobber: 3:12pm On Apr 22, 2021 |
Converted mine since 2020 |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by emmadejust(m): 3:12pm On Apr 22, 2021 |
Everyone is skeptical of where this government policy is heading , 5million in the bank is worthless before 6months ... |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by AstralBody: 3:13pm On Apr 22, 2021 |
I hope the Buhari media cow has been storing theirs in Dollars too? Terrorist Buhari is just testing the mic! By the end of 2022,a loaf of bread will sell as high as 2000 naira! Idiots 1 Like 1 Share |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by bravehost4u(m): 3:14pm On Apr 22, 2021 |
gurunlocker:less than that 2 Likes 1 Share |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by Reference(m): 3:14pm On Apr 22, 2021 |
The much expected run on the naira has started. This is the final straw. Brace for impact Nigeria. 1 Like |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by supereagle(m): 3:14pm On Apr 22, 2021 |
Lie Mohammed. |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by Seniorwriter(m): 3:14pm On Apr 22, 2021 |
IT'S THE NEW NORMAL NOW!!! |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by emilfischer(m): 3:14pm On Apr 22, 2021 |
What were they expecting before. |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by clothingonline(m): 3:15pm On Apr 22, 2021 |
I need to save more in my dom Acct |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by vRendoh(m): 3:16pm On Apr 22, 2021 |
WiszyFraud: Nice oneā” |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by CocoaOla: 3:17pm On Apr 22, 2021 |
The Devaluation of naira since 1988 has not yield any positive results on Nigeria economy just chasing investors away Our leaders doesn't think 100,000 naira in January is now internationally valued at 62,538 naira Just by "saving your money in the bank" you've lost over 37% of it's value and purchasing power. yearly devaluation inflation is now 28.9% sinking nigerians into deep poverty every year country like China have the foundational infrastructures in place they have a lot of manufacturing industries stable electricities good justice system, good business policy to produce export devaluation will make people buy their products at cheaper rates causing cheap price competitions devaluation will work for china because of that and china doesn't devalue their currency every year like nigeria NIGERIA government please work on our currency 2 Likes 1 Share
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Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by tunary(m): 3:17pm On Apr 22, 2021 |
Hmmm |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by Lexusgs430: 3:19pm On Apr 22, 2021 |
Naira is now like bitcoin on the reverse....... |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by UnabashedIPOB: 3:21pm On Apr 22, 2021 |
My advice to the general public is to be prepared for the the hyperinflation and extreme hardship that is about to hit the ZOO. You have seen nothing yet. You think things are hard now, wait to see what is about to hit everyone in no distant future. Things would be so hard that the weak ones would be preyed upon and they would not survive So, be on guard folks! |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by IamGreen1(f): 3:21pm On Apr 22, 2021 |
Before nko, who will stupidly save money in naira, this is one of the reasons crypto is one of the best investment everyone should do now or never. 1 Like |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by Lexusgs430: 3:23pm On Apr 22, 2021 |
Fragility6: Railway, corruption, nepotism, favoritism etc etc 1 Like |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by Blue3k(m): 3:24pm On Apr 22, 2021 |
When inflation is in the double digits why wouldn't they? Lol this is one reason why people are also looking to hodl crypto. |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by SweetVibe: 3:24pm On Apr 22, 2021 |
WiszyFraud:mehn!! are you for real? |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by AirBay: 3:24pm On Apr 22, 2021 |
Fragility6: BANDITRY |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by Fragility6: 3:26pm On Apr 22, 2021 |
Lexusgs430:Railway works? When we dey hear news of trains breaking down in the bush,bandits attacking trains. D man na total disaster |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by Felicity001(m): 3:28pm On Apr 22, 2021 |
I've been telling people around me to start saving in foreign currencies instead of stocking your money in the bank open a binance account today and save your money in dollar, it's safe, secure and never depreciates instead its appreciates. Nigeria current external debt is above 30trillion naira we will wake up one day to see that the naira is N1000 to $1 therefore that money you have in your bank account would have been devalued by 50%. Click on the link now and open a binance account then convert your naira to dollar and leave it there. No withdrawal charges No transfer charges to anywhere/anybody around the world No wait for 3-5 working days for transfers to be approve Nothing at all Its totally decentralized (not controlled by anybody or government) https://accounts.binance.cc/en/register?ref=99336512 1 Like |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by yusufu16: 3:32pm On Apr 22, 2021 |
Felicity001: I pity any Nigerian that is not making money in dollars. 1 Like |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by Hassanmaye(m): 3:32pm On Apr 22, 2021 |
gurunlocker:Hahahhahhahaha wicked boy something is wrong in this country may God save us, |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by BeerBeerManiple: 3:36pm On Apr 22, 2021 |
It's safer to keep your money in Dollars and from most responses here we can see that My people just open a Binance account and save your money. I will give you the link to start trading crypto on Binance: https://www.binance.cc/en/register?ref=82509331 |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by Felicity001(m): 3:37pm On Apr 22, 2021 |
yusufu16: I swear |
Re: Nigerians Shun Naira For Foreign Currencies To Protect Wealth by Nobody: 3:38pm On Apr 22, 2021 |
ThisCouldBeUs:Get your facts right. 10k usd is 5million |
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