Naira moving to hit all time low of #1700 to a USD.

The present administration is clueless. Our commonwealth is being looted in USD.

Change your Naira to USD. You're losing money by keeping your assets in Naira.

Naira will get to #3000 against dollar. This is economic war

okeysoninv:
Naira will get to #3000 against dollar. This is economic war

I warned them. Change your Naira now.

Start buying dollars, euro etc. Your Naira is worthless.

Notfogotten:


I warned them. Change your Naira now.

Start buying dollars, euro etc. Your Naira is worthless.

the best thing is leave nigeria entirely because prices of things will increase astronomically. You will still buy petroleum for #900

Beware of speculators… they want to profit at your expense

courage89:
Beware of speculators… they want to profit at your expense

Shut it. Abi na speculators push naira to the current rate??

The action of buying dollars because it would rise further will make sure it happens
and accelerate the rise. Its about demand and supply

Notfogotten:
Naira moving to hit all time low of #1700 to a USD.

The present administration is clueless. Our commonwealth is being looted in USD.

Change your Naira to USD. You're losing money by keeping your assets in Naira.

And you dont know that changing the Naira to Dollar is actually what would make the dollar to hit N1700
You are very smart.....

Such an enemy of his own nation
For you let's just completely destroy the economy.

It's unfortunate the kind of unpatriotic citizens Nigeria has.

Me in my little will continue to do my part, even if it seems insignificant, I patronize as many "made in Nigeria" products as possible, from cloths to shoes to groceries.
I only buy foreign when I don't have a choice, e.g. my cologne

And I believe of every Nigerian can follow this we would out in no time.

OP you are an enemy of the nation

Exousiang01:
And you dont know that changing the Naira to Dollar is actually what would make the dollar to hit N1700
You are very smart.....

Such an enemy of his own nation
For you let's just completely destroy the economy.

It's unfortunate the kind of unpatriotic citizens Nigeria has.

Me in my little will continue to do my part, even if it seems insignificant, I patronize as many "made in Nigeria" products as possible, from cloths to shoes to groceries.
I only buy foreign when I don't have a choice, e.g. my cologne

And I believe of every Nigerian can follow this we would out in no time.

OP you are an enemy of the nation

Your govt borrow in dollars and loot it thereafter.

Me, unpatriotic? Hmm.

It's well.

with people like you why wouldnt the price keep on risin....

stvpid people una....

Notfogotten:


Your govt borrow in dollars and loot it thereafter.

Me, unpatriotic? Hmm.

It's well.

you always find excuss for your foolishness....
just stop cryin on our heads day and night how nigerian economy is bad....

price of dollars doesnt tell you the situation of an economy....

Notfogotten:
Naira moving to hit all time low of #1700 to a USD.

The present administration is clueless. Our commonwealth is being looted in USD.

Change your Naira to USD. You're losing money by keeping your assets in Naira.

This is called fx speculation and not in the interest of our country. This should be discouraged in all sense of it

Trimjos:


Shut it. Abi na speculators push naira to the current rate??

Yes!! They are the ones… if everyone is changing their ₦ then it is not the true value of the naira. It is really dangerous to change your ₦ to $ now. Cos it’s already high. Very soon cbn will bring out fx policy that will make many people changing now for FOMO to cry. Beware!!!

It will soon hit #2k per dollar 💵

There's too much corrupt Naira chasing few dollars. All your useless public office holders are converting their stolen billions of Naira into dollars, at any price. And this is happening at an unimaginable and unprecedented scale, across board. That is a major reason why the exchange rate is under undue pressure.

Do this only if you want to travel with the dollars otherwise, buy local properties (due to hardship, many are selling).

The purchasing power is almost the same as we import almost everything.

Most importantly, earn in dollars.
Make peace with friends and relatives in USA (one year savings, they can be a landlord).

Exousiang01:
And you dont know that changing the Naira to Dollar is actually what would make the dollar to hit N1700
You are very smart.....

Such an enemy of his own nation
For you let's just completely destroy the economy.

It's unfortunate the kind of unpatriotic citizens Nigeria has.

Me in my little will continue to do my part, even if it seems insignificant, I patronize as many "made in Nigeria" products as possible, from cloths to shoes to groceries.
I only buy foreign when I don't have a choice, e.g. my cologne

And I believe of every Nigerian can follow this we would out in no time.

OP you are an enemy of the nation

I want Nigerians to stop buying dollars (many are hiding thousands in savings). Personally, if I have 5 million naira that is hard earn (I didn't steal it, I suffer to earn it), I wouldn't engage in any foolish savings in naira because literally overnight, it can lose 5% or more.

Some people work has carried 20 years from their life. If they were to die 80, they are now going 60. Why would such a person save millions in naira?

okeysoninv:
the best thing is leave nigeria entirely because prices of things will increase astronomically. You will still buy petroleum for #900

How much is petrol where you are running to?

247man:


Yes!! They are the ones… if everyone is changing their ₦ then it is not the true value of the naira. It is really dangerous to change your ₦ to $ now. Cos it’s already high. Very soon cbn will bring out fx policy that will make many people changing now for FOMO to cry. Beware!!!

You don't have to force anybody to believe the truth. It hurt those who are averse to it

The whole world is bleeding..,... Only naive ones don't know that

Exousiang01:
And you dont know that changing the Naira to Dollar is actually what would make the dollar to hit N1700
You are very smart.....

Such an enemy of his own nation
For you let's just completely destroy the economy.

It's unfortunate the kind of unpatriotic citizens Nigeria has.

Me in my little will continue to do my part, even if it seems insignificant, I patronize as many "made in Nigeria" products as possible, from cloths to shoes to groceries.
I only buy foreign when I don't have a choice, e.g. my cologne

And I believe of every Nigerian can follow this we would out in no time.

OP you are an enemy of the nation

God bless you and many others like you.

Don't be deceived. Those who come online to cry about naira value already have more than the rest of us.

They are just like the japarians ... They already have more than most of us.....so don't let their shouts get to you..... People that could raise 7 10 15 millions to japa are not poor no matter how they pretend online

One funny thing is .....theres a lot of dollars in this country..... But they are not in the banking sector... Many citizens have dollars at home..... so it's hard to control what's in people's hands.
This is an unpatriotic act.... But people will be quick to tell you government cannot tell them how to spend their money ....but can't they?

Notfogotten:


I warned them. Change your Naira now.

Start buying dollars, euro etc. Your Naira is worthless.

But this same thing you're preaching is part of what weakens the Naira, putting pressure on the dollar by increasing its demand despite low supply strengthens the dollar against the Naira.

Exousiang01:
And you dont know that changing the Naira to Dollar is actually what would make the dollar to hit N1700
You are very smart.....

Such an enemy of his own nation
For you let's just completely destroy the economy.

It's unfortunate the kind of unpatriotic citizens Nigeria has.

Me in my little will continue to do my part, even if it seems insignificant, I patronize as many "made in Nigeria" products as possible, from cloths to shoes to groceries.
I only buy foreign when I don't have a choice, e.g. my cologne

And I believe of every Nigerian can follow this we would out in no time.

OP you are an enemy of the nation

He is truly an enemy of the Nation, very wicked fellow trying hard to make life difficult for Nigerians.

As a matter of fact, the mods should delete threads like this with immediate effect, someone up there was even saying its economic war.

If tribal biased threads and posts can be deleted, and account banned, I see no reason why this thread and threads like this can't be deleted and the account banned.

Cc
Seun
Nlfpmod
Mynd44

Wanted to get an Rx 330 first week of this month,..was told it's 9m..( this is an old model of almost 20 years o..2015 model) I decided to wait a little,perhaps it's the new year fever..yesterday I went back and they told me 9.65m last..

Space of 3 weeks 650k!!


Not only autos o.. everything


My Ramz lattafa perfume I bought 12k in dec is now 14k.. this is a perf I bought Jan 2023 for 7k


This is more than any known arithmetic nor even geometric progression


I'd call this Astronomic progressions..

Terrible

Exousiang01:
And you dont know that changing the Naira to Dollar is actually what would make the dollar to hit N1700
You are very smart.....

Such an enemy of his own nation
For you let's just completely destroy the economy.

It's unfortunate the kind of unpatriotic citizens Nigeria has.

Me in my little will continue to do my part, even if it seems insignificant, I patronize as many "made in Nigeria" products as possible, from cloths to shoes to groceries.
I only buy foreign when I don't have a choice, e.g. my cologne

And I believe of every Nigerian can follow this we would out in no time.

OP you are an enemy of the nation

poor soul that helps his country not knowing that majority of raw materials used in your so called products are imported with dollars thereby killing local production.

I know you are one of the emilokan. Everybody is reaping the fruit of the tribal bigots

Exousiang01:

you made a valid point and I'm totally agreed with you, but I lost lot of money(value) as a result of saving in naira without even doing anything it just impossible to save my earnings in naira. Before you tell me about investing in asset,
1. I can't invest in asset because I'm a person who needs my money the exact time I need it but with asset you need to sell,
2. I can't invest in assets where I stay
3. I just want my money visible in number so I can use them when ever I like.

But since I saved in dollars, I gladly convert it at the current rate and use it, the money has more value and can buy more than it could buy when i originaly saved.

But I really want to help the little way I can to help boost the economy of this country, what would you suggest or recommend.

Exousiang01:
And you dont know that changing the Naira to Dollar is actually what would make the dollar to hit N1700
You are very smart.....

Such an enemy of his own nation
For you let's just completely destroy the economy.

It's unfortunate the kind of unpatriotic citizens Nigeria has.

Me in my little will continue to do my part, even if it seems insignificant, I patronize as many "made in Nigeria" products as possible, from cloths to shoes to groceries.
I only buy foreign when I don't have a choice, e.g. my cologne

And I believe of every Nigerian can follow this we would out in no time.

OP you are an enemy of the nation

This isn't a banter, you just have to be smart. If you changed your N7Million last year when a dollar was N700, you would have $10,000.

For those who changed theirs, they will have N14million today at the rate of $1 to N1400. Those who didn't would still have 7M.

He has given you a wise economic advise. This isn't time for patriotism but logical thinking.

The real enemies of Nigeria are those you voted, they have zero belief in Nigeria that's why they aren't interested in anything made in Nigeria, they prefer to holiday overseas, their wards rather school overseas than here, they rather send money overseas than bring in money.......... Oh, they also save in dollars.

Thinking dollar is rising because people are buying it shows you don't know much about economics. Your naira is down and will keep sinking because we have absolutely no goods to back the currency. We produce nothing, almost zero export and close to 100% import.

falcon01:
you made a valid point and I'm totally agreed with you, but I lost lot of money(value) as a result of saving in naira without even doing anything it just impossible to save my earnings in naira. Before you tell me about investing in asset,
1. I can't invest in asset because I'm a person who needs my money the exact time I need it but with asset you need to sell,
2. I can't invest in assets where I stay
3. I just want my money visible in number so I can use them when ever I like.

But since I saved in dollars, I gladly convert it at the current rate and use it, the money has more value and can buy more than it could buy when i originaly saved.

But I really want to help the little way I can to help boost the economy of this country, what would you suggest or recommend.

Stop explaining bro. Let those who have ears hear and let those who are patriotic keep saving in Naira. At the end we will see who's wiser.

A country where the leaders prefer keeping their money in hard currency. The only reason anyone would be against what you said is because they don't have naira to change to Dollar.

Rolings:


God bless you and many others like you.

Don't be deceived. Those who come online to cry about naira value already have more than the rest of us.

They are just like the japarians ... They already have more than most of us.....so don't let their shouts get to you..... People that could raise 7 10 15 millions to japa are not poor no matter how they pretend online

One funny thing is .....theres a lot of dollars in this country..... But they are not in the banking sector... Many citizens have dollars at home..... so it's hard to control what's in people's hands.
This is an unpatriotic act.... But people will be quick to tell you government cannot tell them how to spend their money ....but can't they?

I need sincere answers from you.

1. Do you think those you voted are patriotic and have the best interest of Nigeria in mind?

2. Would those in Power prefer naira over dollar?

3. Would they prefer Innoson Car over imported Car?

These 3 questions would give you a clue who the real unpatriotic people are.

Inspirer1:

He is truly an enemy of the Nation, very wicked fellow trying hard to make life difficult for Nigerians.

As a matter of fact, the mods should delete threads like this with immediate effect, someone up there was even saying its economic war.

If tribal biased threads and posts can be deleted, and account banned, I see no reason why this thread and threads like this can't be deleted and the account banned.

Cc
Seun
Nlfpmod
Mynd44

All those mods you mentioned must have acquired dollars , stop the joke.

1x2x3:




This isn't a banter, you just have to be smart. If you changed your N7Million last year when a dollar was N700, you would have $10,000.

For those who changed theirs, they will have N14million today at the rate of $1 to N1400. Those who didn't would still have 7M.

He has given you a wise economic advise. This isn't time for patriotism but logical thinking.

The real enemies of Nigeria are those you voted, they have zero belief in Nigeria that's why they aren't interested in anything made in Nigeria, they prefer to holiday overseas, their wards rather school overseas than here, they rather send money overseas than bring in money.......... Oh, they also save in dollars.

Thinking dollar is rising because people are buying it shows you don't know much about economics. Your naira is down and will keep sinking because we have absolutely no goods to back the currency. We produce nothing, almost zero export and close to 100% import.

God bless you for this education ...I wish all this people insulting the op will learn from the realities on ground .

Economic saboteurs on the move.

You will cause scarcity with your speculations,eventually dollar will rise and you will blame government.they government will not suffer it,na you and i go still bear am.