Balogunodua:




The bold shows you are a school dropout
Oga,please kindly help us break it down why they are losing out

Macphenson:
oko

MXrep:

Yorubas are the ones celebrating Dangote and claiming that Igbos hate the North. Shallow minded people

ChybuzzDD:


Are you for real?

Didn't the cost of things increased in Nigeria??

Can you still use 100 naira now to purchase the same goods you bought with 100naira a few weeks ago?

Why are you guys this hypocritical? Just because your tribe or religious man is the one in power? Nawaoo

onuman:


If you are from the SS, your foredaddies in 1967 gave the oil wealth of the SS and political power to the north from where the Dangotes and Rabius profited. 1967 was when some misguided people from the SS cut out the SS from Biafra. That greatly led to collapse of the new country which would have been like Dubai before now.

GanagiBeetrus:
Pls who knows when all these Tinubu achievements will start positively reflecting on the cost of living & improve the Standard of living of the average Nigerian.

FunkyAlhaji2015:


Lemme attempt to educate you a bit. Dangote and Rabiu have lost nothing literally. Before now their wealth was calculated from naira to dollar using 460 naira exchange, but now it has been re-based to 680 naira. It means every Nigerian has lost money including Tinubu if you're to re-calculate their wealth now in dollars.

Freksy:


I am struggling to understand you. Does it mean Biafra now is like Dubai, or fails to be because the SS broke away from them?

Does it mean you hoped to use the resources of one region to turn the entire nation to be like Dubai?

I think it's good that they broke out, else the suppression would have been unimaginable.

henro4niger:

Wow! So much ignorance in one post

Balogunodua:



They don't rush to comment or blab about what they know nothing about.



Post my cert to prove what exactly?




Lack of intelligence is when you don't know when to shut up about things you know nothing about.

MXrep:

Yorubas are the ones celebrating Dangote and claiming that Igbos hate the North. Shallow minded people

komzy589:

There’s nothing ignorant about his post.
The standard of living is the only means of judging a working government.
So far, it is worse than it was a month ago.

VeryWickedMan:
Tinubu is working

To finish u not us he is working for us

































To finish us.

Tianamen1:


Petrol importers were getting dollars at N460 at the CBN window. Now that the exchange rate has been merged, petrol importers will be getting dollars between N640 -N750. This means that prices of things will further increase, thus reducing the value of the Naira in every Nigerian's bank account.

henro4niger:

Wow! So much ignorance in one post

okine4real:



Na only you and like two persons make sense.

The true picture is, everybody has lost money, the problem with Nairaland is there are too much of poor people commenting, poor people that are still spoon feed, so they don't even know basic Economics.

Official rate before was 460 to a Dollar, before now, Dangote and Bua would buy 1000usd for 460k, now they will have to buy 1000usd with 700k or so, so for every 1000usd they buy now, they lost 140k, Automatically things would start shooting up. Cbn is no more defending the Naira with Dollar, means Dollar would be scare, basic rule of life, whatsoever that is scare would be expensive, because you have too many people chasing it, if too many guys dey pursue one fine girl, the girl value go HIGH, She fit start to dey charge 500K to only see pant, but if guys nor dey pursue the babe, she go charge like 2k make you bang her, because her pussy got know value.

Dangote done lose money. Your 500k in your account done lose value because you will have to add 200k to the 500k before you can get 1000usd. Your money would not lose value if your money is in $$$.

BATified2023:
dangote was never a real business man in d real sense, he only benefits from Nigeria corruption cycle n romance with the government which gives him d monopolistic edge

Dangote can’t survive in a competitive market

masseratti:
you very wrong.. Nothing reduced in your own money value because you don't have access to the CBN Window Dangote and Samad has access to 99.5% of Nigerians were sourcing their own money from the black market.. So no change in value oga.

Raheeqilmaktoom:








Dem say go school, you say na scam.

What the report is saying in other words is that every asset and income of these two is based on naira, the calculation of their assets by Forbes and Bloomberg however is done in USD - meaning whenever their assets are to be quoted in USD, the value is exchanged with the prevailing naira-dollar rate.

Other words, you have $1000 before 2019 when naira was say 500, this makes the value of your wealth N500,000. Now naira is 1000/$, this makes the value of your $1000 N1,000,000 without you doing anything to increase or decrease it.

Go school.

whitekad:
pls which university did u graduated from, did u have sense at all. U need to be taken to a psychiatrist for proper checking. Olodo

jmoore:
Some people don't get the picture. It means naira is losing value.

That 500,000 naira in your account on May 29th this year is now worth around 300,000 naira and would reduce further.

If you think your own value has not reduced too, then you have been deceived.

Samunique:
I received this news with all pleasure, maybe and maybe this might be the end of these men, most especially Dangote who has the destinies of millions of Nigerians through monopoly.

The day Dangote is dismantled will be the beginning of the libration of this great country.

TemplarLandry:
Now it's clear they've been benefiting from the discrepancies of our economic system.

Balogunodua:




The bold shows you are a school dropout

Samunique:
I received this news with all pleasure, maybe and maybe this might be the end of these men, most especially Dangote who has the destinies of millions of Nigerians through monopoly.

The day Dangote is dismantled will be the beginning of the libration of this great country.

okine4real:


The person giving you likes na Olodo. Before you have 465k in your bank acc, and that 465k is 1000usd. After floating the dollar, your 465k can't purchase 1000usd, now you have to add like 140k to make it 700k before you can purchase 1000usd. Tell me, your 450k reduce in value or appreciate in value?

onuman:


90% of the entire SE and SS regions have crude oil and gas deposits or either of each.
Pollution and soil erosion ravage the region due to oil exploitation. People like you tell them go back to your erosion ravaged East.

SKIBiNSKI:
Very correct!

siraj1402:
What's the quality of the printing? I need it as much as possible. Let me have the titles.