helinues:


I have $10,000 I want to sell.. Interested?

Johnjustice:
It's really unpatriotic to pray your national currency devalues.

Asonaijaaso:
Weak hands.
You should have bought more dollars....its called averaging down.

While the trend might be downwards, there will still be a sustained spike.
Thats how you become rich.

PARADIZEPRIEST:
Right now china investors are doing more to diminish dollars in Populous countries LIKE NIGERIA.
IF yoU naija boys ARE HOARDING DOLLARS,I HAV BEEN WARNING SINCE 7MONTHS NOW. SELL YA DOLLARS,IT WILL CRASH down to N400 TO NAIRA because GOVT HAND IS INVOLVED WITH CHINA ,WITH INDIA AND major WITH EUROPEan counties trooping into Nigeria .

EponObi:
Lmaooooo... Since I made my first post on this thread, I've seen a bunch of ignoramuses creeping in from their abode of stup!dity.

You all want to keep buying the dollar. Some even adviced the OP to average down. Abeg don't kill me with laughter.

What fundamentals will make the dollar increase from here? Abeg lecture me! What do you think will make the dollar increase against the naira from here on?

In trading, there's something called "the meat of the move is done", meaning that the deed has been done - the naira crash trend is over.

- Cardoso has successfully tamed the BDC
- He has tamed the banks too
- Dude and the EFCC are going hard after the forex street traders
- Dangote Refinery has started distributing diesel (diesel price has crashed and massive forex saved)
- Dangote will commence petrol distribution in few months (very likely price will crash or at least stabilize around 500-600; even more massive forex will be saved)
- The FG is gradually pumping the brakes on electricity subsidy (more revenue to be saved)
- BUA refinery is coming online by next year to compete with Dangote (expect more petrol price crashes)
- From the look of things, it seems Cardoso has started pegging the dollar rate

All these are happening and you think it's wise to keep investing in the dollar against the naira?

If you have sense, you should have at least noticed that the prices of goods and commodities has started coming down albeit slightly and for the most part, the surge in price has halted.

By June, local farm harvest will start hitting the market, thereby crashing the prices of foodstuffs. Lol

Many of you are playing with fire. It's better you take your money and go play 2 odds instead of cooking your brains with delusions of naira crashing back to 1900. Or rather go buy land and real estate with your money. The era of fast profit with the naira-dollar swap is over - generationally over!

Don't play! Or else, you gonna 'laaaarn'

Even multinational companies with top tier, world class financial analysts and trading experts chopped The Cardoso Koboko ; dem dey declare outrageous losses because of that naira volatility but you think you, with your #500k, are the Peter Durry of currency trading. ok, continue!

From the look of things, it seems dollar rate will continue hovering around 1100-1300 perhaps until the end of the year. And this Tinubu that I know will most definitely return dollar rate below 1000 before the elections in 2027. There was a reason he rushed all his forex saving policies immediately he came on board - the man knew what he was saying when he said "hit the ground running" during the election campaign. All his harsh policies came in very fast wotowoto so that he can have the next 3 years to get results and normalize the economy. You all keep underating the man, over and over and over and over again and it's why it always seem like the game is rigged in his favour.

Lmaoooooo... Like I've said, you gonna 'laaaarn'

EponObi:


How far? 🤣🤣🤣