₦airaland Forum

psucc:
I don't understand the kind of people we are in Nigeria. So OP, is prasing Cardoso for the crash in FX even at N1300/$1?

In the first place, who was responsible for its fall? Buhari/Emefiele? No. They handed the Naira at N700/$1 to Tinubu/Cardoso. So what have they done to deserve any accolades?

another Reno Omokri!

Are you still in this country?
Aboki is now selling below official rate.
$$ is now 900.
By the end of this week, it should be below 800.
The mayhem that's about to be unleashed on speculators no be here o.

Johnjustice:
Are you angry that you unpatriotic hoarders and speculators will soon be out of business?

Will soon or are already out of business.
The speculators needs to cut their losses now.
I know most of them will be waiting for price to go up, it's just a pity.
The macro indicators favours naira at the moment.
I wrote about this in February,

Engrbee:
Dollar go still rise, no be naija we dey so

Macro economic factors says otherwise.

orikoku:
This thing will hit a lot of people. How on earth will you be buying dollars as an asset. People will cry, I swear.

But they were warned na, gold is their best bet, but they just don't get it.

NOwazobia:
Nothing can develop Nigeria until we reduce corruption to the very minimum.


I mean Nothing on earth, not even your science.


You guys tend to put the horse before the cart, largely due to your fantasy, and less rationalization of reality... 😂

We are talking thick skulls not understanding mathematics, you're talking corruption.
If this country is full of inventors, who will have time for nonsense?.
You better go and understand the relationship between the first class and the remaining classes.
The first class are the inventors, financed and bankrolled by the remaining classes.
It's a win win for all of them as everyone gets paid.

@ Gerrard 59, you've said it all.
Thanks God bless you.

OneCandleAway:
The black man excels mostly in the arts.

Singing, dancing, then athletics.

When it comes to critical thinking, he is behind (few exceptions are obviously available but majority are guilty and overwhelm the few )

Black man loves too much enjoyment and also have excuse in religion.
The Bible said a thousand years is like a day before God, and black man still believes that God created the world in seven days.
Black man can't think this really makes me sad.
The reason why other races of human are doing well is due to their level of intelligence.
This continent needs thinkers, especially mathematicians and engineers, where are they?.
Okay black man is dumb, is this why we don't know how to produce foods that we eat again?.
Africa was never hungry before the coming of white man, so what exactly happened?.
Half of West Africa is hungry as am typing this, Nigerians blame Tinubu who are we going to blame for the hunger in the remaining west African countries?.
Black man wants easy life and easy ways out of every challenges.
Unfortunately, there are no easy ways.
There have never been and there will never be.

Iseoluwani:
i have a question

does trading affects forex?

if it does, does that mean that trading market can crash?

for a trader, which one is good


dollar should rise
or

dollar should fall

You will profit up or down, if you understand how the market works.

Tareq1105:
Your wish would never come to pass. Unfortunately for you, you don't even have the money to buy in June July. Enemy of good news.

No vex for am, he's a speculator in pains at the moment.

Nickelodeon93:
the dollar is just not in demand now, I hope by June/July when Naira is 2000/$ you will still say kudos to CBN

Relax and watch the events unfold, hope you've also heard that Nigeria's foreign reserve has risen to above 31 billions.

Birniwa:
In the past, every time Naira appreciates, the Dollar fights back even harder. But this time I tell you, we won't see anything like that. Thanks to Cardoso and his efforts of decimating the Binance's dollar speculators who have always been the driving force of out currency woes.

It's called trend, read about Dow theory of trend.
The highest dollar can go now against naira is 1600.
If there's a spike, it may go as far as 1680, and it will immediately drop below 1600 before the end of that day.
USD/ NGX is on a downward trend and it's a long journey.
Those who have dollars should seize the opportunity of dollars rally to sell off and not buy.
Whoever buy waiting for price to hit the previous high, will loose heavily.

DrAkpamudehe:

I can't be deceived. Until it goes below 800$ then I will give tunubu a pass mark. Until then, Apc and agbadorians should furck off

The moment the PH refinery begins to sell products, $$$ will go below 500.

tefishy:
wonderment. Naira no wan gree again.

Make it 1 naira to $500

Nigeria no gree for anybody, naira is 9ja currency.

santaclaws:
I just debunked this on my previous post where I copied you, though the response wasn't meant for you originally.

You cannot dredge the Atlantic ocean across the length of 2 states, it has a vast ecological and fiscal implication, especially since Akwa Ibom, Rivers already have ports close to the SE. The reason most of you are bent on this is because of secession... You believe that's the only thing you need to be self-sufficient, whereas, nobody made the SE geography but God himself.

While it's an impossible mission to dredge the ocean into the SE, if such did happen, when ocean levels rise, your region may be entirely submerged. You may think lightly of this, but it's not a joke... Also, the amount of financial resources it would take is something that would never be worth such an investment even in the long run.

The wise thing for your region to demand is a good rail network and working dry ports in each state... But I know this argument won't end.

I hoped you get paid for this consultancy services, 'cause they don't deserve it.
Let them end up landless, let the ocean finish the work started by erosion, let them dredge their land.
People that don't appreciate what God has given them will eventually end up with nothing.
Leave them jor.

santaclaws:
The fact that some people actually believed that a seaport could be built in Abia state baffles me... Is there any state in Nigeria that has a seaport without a sea? Some people think they can dredge the ocean from Niger Delta into the SE, it's all just comical...

Anyways, I think Otti is an honest man. He debunks all lies told on his behalf by overzealous party fanatics. The Geometric power plant issue comes to mind...

I support them, let them have their own port, even if na raft or canoe make dem dey paddle am enter their port.
Anything that will gradually take them away from SW is okay with me.

Ola9ja23:
Has God not disgrace you people enough 😁🤣🤣

What type of humiliation remain that God has not put evil energy people of dot in a circle republic?

God is not human being

They are liars, now I understand why things are stacked against them.

Procashtips:
By next week, we go know how far.

Alot don't understand the Forex/crypto market..

It's always up and down and when what's pushing a particular pair down isn't real economics, nature (market forces) will prevail.

Smart ones are bulling at every milestone.

Wow tell me more about it.
There are over a thousand instruments of trades on all kinds of platforms.
Nigerian youths only knows how to trade dollar / naira pair.
And they will come out to speak as if they are some kind of forex guru.

Afamed:
The Dollar slaves have not updated us .

Hope all is well?

All is not well.
They are currently gnashing their teeth, by tomorrow many of them will begin to suffer cardiac arrests.
They were warned but they were stubborn.

nairalanda1:
Crash is temporary. The naira will fall again

At the end, NIgeria is not earning enough dollars. Simple and short.

NO dollars, no means of buffering the naira. We are just circulating the few dollars we have, hoping it brings miracles.

But right now, with debt service eating most of our revenue, and a depleted forex reserve, I don't expect the naira to remain forever strong...it would weaken till we have started earning more dollars.

This is a sad news, are you also a speculator?.

NairalandForumo:
What both of you should be more concerned about is if Babachir Lawal is saying the truth, didn't he say the truth, deal with the truth...

Back to topic:

Tinubu is like a thief who stole a trailer because of the goods inside it but doesn't know how to drive the trailer, he either gets an experienced trailer driver or return the trailer with the goods back to the owner

Which truth?
IMF already told Nigeria to do away with subsidies since 1984, postponing the pain, now it has multiplied.

Nbote:
That's because the figures were false in the first place. The supposed consumption and importation figures were all a lie

What a rogue country.

spiSeyi:
The Naira USD is a case of tulips in the 1880s I only pity those who bought @1,809 hoping for 2000-2,500. Watch out for massive drop to 1,000 within the next few weeks. The Naira will end up trading between 8,00 -8,50 in the short term of 1 year. PBAT and CBN are the real speculators, the 10 billion USD intervention and crypto trading suspension is to create panic selling FoMO (Fear of Missing Out)

You are letting the cat out of the bag.
What happened was 9ja version of NFP.
The world is not anyone's oysters, speculators who knows how to make money, must also learn how to manage BP.

UndissolvedMeta:
What is it with all this College of Health, Science and Technology institutes sef, they tell students that they don't allow pregnancy,like why will you decide for an adult what they do with their s*xual life in an higher institution for that matter? And their ladies can be so promiscuous! These institution are one of the reasons why campaign against abortion won't work. And I want to believe the deceased is a "good and church girl" as someone said here, and this should be her first time.

Pretty holy liar, probably been laughing and jeering at people in such situation.
Well it's her turn to face the music and she fled to the other side. I've seen lots of such scenarios.
The pregnancy and child out of wedlock was a disgrace she's not ready to face..
May God forgive her, especially her father and that scoundrel she calls boyfriend.

hakeemhakeem:
All is not going to be well,gbagyi people done enter cities too to flex.we should all enter forest and start farming.if you can't farm don't complain about prices of food

If you say this outside, people will come for your head.
They want cheap food but they don't want to touch sand.

Hezzyluv:
@bold, una still dey enjoy na. Maybe u based where they farm Yam. Here, one tiny Yam goes for 1,500.

I'm in shock too.

PriceActionZ:
Then you dont know your way if that is the route you want to take.

Emman08:
Why this desperation for dollars? 100% sure it's Yemi Cardoso's CBN putting pressure on the banks to get the dollars at all cost. At this rate they may seize customers deposits o. Is this their revenue drive?

No one is forcing any stupid bank o.
They've been doing this nonsense since I can remember.
Sterling and Stanbic are the number one culprits, I don't even know which one craze past among the two.

TheGiftedOne:
Blockchain technology you do this one for me.


Thank you crypto.


Darling USDT.

🙌

Your head dey there.

Shikena:
Johnson Aguiyi-Ironsi had good intentions back then but in retrospect, a huge mistake. His infamous Decree No. 34 of 1966, the “unification decree", effectively did away with the federal system of government practiced by Nigeria since its independence from British colonial rule in 1960.

It was never a mistake, it was an agenda.
An agenda that will not happen in a thousand years.

mobileboy:
Region government is better
Regional police, regional security etc

Add regional economy.

FocusedDiva:
Capital punishment may be the best solution to this kidnapping issue
Enough is enough!

.

Government dare not, or else whoever falls into kidnappers hand may not have a chance of survival.
When the kidnappers get caught, the DSS should collect them from police for further interrogation and quietly lace these kidnappers with poisons that are hard to trace.
Let them go home and die, they deserves to die.

Deziwealth:
So cause 20m naira was at stake he was arrested, the person who gave his info should also be arrested, meaning people knows these people but refuses to hand them over to the appropriate authorities.

I'll always say it aside the government we people are also the problem of the nation.

True talk