₦airaland Forum

helinues:
Good

The fuel price should at least come down a bit .

How this kind of development news dey make some people go gaga na him I no understand. Those lots never even pray for food thing to happen to Nigeria as they are waiting to be vindicated with their evil wishes.

Bross no Vex, How OLD are you? E get why I dey ask

FreeStuffsNG:
If you generate electricity and can't get the SW states consumer market, you are playing with debts that may make you fold up

The largest power generation plant is in Lagos, Egbin. This is a direct competition against them yet Egbin is just few kilometres away in Ikorodu. Those in wherever do not have chances niyen. Consumers want the cheapest, if you bring electricity from afar, it adds to the cost. Lagos, Ogun, Oyo are the biggest consumers.

It makes no business sense for the consumers in VI or Ikeja to pay for cost of shipping electricity from Ikorodu let alone faraway wherever outside Lagos. This was why Asiwaju then as Governor in 2000 protested against the needless wastage!

There are existing lines to them places, so what new investments in line are you talking about or you forget we have a national grid, What I think you are trying to say is step down power at point of generation then excess to national grid right?

FreeStuffsNG:
I saw this coming

It makes no sense for power generation plants to be far away and gencos now need to spend billions to ship it to Lagos then transfer the cost to consumers when you can have the generation plants near to the discos and consumers without such costs.
Expect more of this huge investment in all the value chains and consumers can now have multiple options of service providers like GSM. The Gencos are up for serious competition and maybe outcompeted.

Transmission Company of Nigeria ( TCN) may be the biggest loser.

In all, once again, this is the best time to invest in Yorubaland.
God bless Nigeria for ever!

You seem to forget , They can join national grid from anywhere in the country and if you think otherwise, those states with two power plants or more might put thier feet down ie Delta state??/

talented321:
Person way no get money dey find woman?

yesooo all those women wey be 55 plus and arrange nor need money, just arrange smell n look good, U don enter

talented321:
Even if a woman senior me 1 to 5 years, if she has the qualities i found in a woman i will marry her, because what u want in her is respect and understanding and if u leave her for a more younger girls they might not get the qualities she possess.
I have once dated a woman who senior me with 4 years and i can tell u i enjoy my relationship with her till date even though we later part ways, there is this understanding many of them get that this small average girls don't get. So my man the choice is urs. Goodluck

check this statement in jst 10 years time, U think say we be oyibo abi? even with oyibo nah money dey talk

MainblockAngle:
https://i0.wp.com/www.odogwublog.com/wp-content/uploads/2023/07/IMG-20230715-WA0000.jpg?w=563&ssl=1
Hello Customer,

It’s time to enjoy seamless transactions and make purchases internationally.
You can now use your Naira cards, including Mastercard, ALAT Mastercard, and Visa, for international spending. For your international transactions, you can enjoy up to $500 per month.

https://i0.wp.com/www.odogwublog.com/wp-content/uploads/2023/07/IMG-20230715-WA0001.jpg?resize=1024%2C480&ssl=1
Here’s what you need to know:

Expanded Possibilities: The Naira card allows you the freedom to make international purchases, explore international online stores, and buy from your favourite international brands. You know what? The world is now at your fingertips!

Monthly Limit: To provide you with enhanced security and control, there is a $500 monthly spending limit for international transactions. This allows you to manage your expenses responsibly while enjoying the benefits of international spending.

Effortless Convenience: Your Naira card gives you the convenience of making payments in foreign currencies, eliminating the need for currency conversion or carrying excess cash. It's a hassle-free and secure way to shop and transact abroad.

Whether you're planning a vacation or shopping online, your Naira card is ready to accompany you every step of the way.

$500 Limit i n a whole month, these guys are jokers, why dont they secure enough forex as its now free to trade, So them nor fit invest but you want to control people's money

verybadmouth:
The upward trend in food prices is not entirely negative, as it will eventually lead to increased wealth for farmers. However, the true concern lies in the unfavorable economic conditions where individuals experience reduced earnings or complete financial deprivation.

U still dey get hope ahah I love you enthusiasm

iyke2frankeze:
So the forex traders do not trade in Naira according to your blond argument?

To your question Naira trade locally. If you want to experiment this, carry physical N1million to the UK or Brazil see if you get a buyer.
You are calling my argument Blond, it would be more realistic for you to stick more to them things you know, Do you have any Idea it is to repatriate ones money in Nigeria back to the west?. I will xplainone last time if u dnt Gerritt well U know what to do. The 3rd party remit coys down here only sees ££££ and the 3rd party agents in Nigeria only sees Naira no £££££.however if you want ££££ wen U get here you can pay the agent in Nigeria naira and receive £££ here in the UK or USA. But there is another black market to this where $$$ are moved in bulk to Nigeria physically, even Aboki trade online for $$$$ this days my nice had to sell her $$$$ via online platform in her bank and Aboki transferred the naira equivalent to her account that was the only way she could withdraw $5000, it was even the bank that directed her to the aboki sitting outside.

Styluss:
To think that I had the opportunity to leave 2 years ago, but wouldnt want to take the risk of borrowing, I tried to raise funds and now that I have what would have been enough, the rate doubled in the space of a week.
My world was crashing right infront of me, but I will do my best and see if I can work something out, I intend to be in university of salford. I will take the risk this time even if the rate quadrupled.
I have thought a million times and one, I almost run mad

Take the risk and save your future generation the hardship these evil leaders invest upon us.You might not get super rich but your life wil be way well off.

Styluss:
I would apply for any form A. I just have to take loan at this point, cos, a budget of 3.2m is runing to 6m. Thats double the price. Its saddening.

Its a sad state ,The frustration alone can kill you.I was in NIgeria Feb just gone, during this cashless saga, I k now what I went fru

Styluss:
Hi sir, I have been conversant with Nairaland for a while while trying to connect and network with people who are better than me and can elevate me but when I go those sections, its always people creating a post and thesame people having 30 coments on their own post.
Maybe I am searching wrongly, could you please refer me to a link where I can read beneficial posts about autos, investments and properties without this lands for sell topics?

Those sections are for people who are building and selling realistically, it was created by a friend on here.However for starters you can visit the biz section of nairaland there are loads of start ups on there

004gist:
I should stope blaming the government for everything? how
you have not seen the frustration we have faced with this form A.

first they asked us to submit it and fund account they will debit it in 3 months but they failed.

then they issued directive for us to go get Tax clearance of 3 years which we did. some spent 250k to get this from respective states.
only two weeks they said everything has increased to 900 to 1000 from 560.
and even at that they can't guarantee to give forex subject to when they receive.

i have begged my bank to allow me buy from black market n deposit since May.. they said if I buy it like that it's against banking policy. majority of the money I paid had to be sent from abroad.. about 99% except charges n few remainder

will i talk about renewal of passport? that one I spent 85k bribes everywhere.

last week I travelled from East to do a compulsory medical test in Abuja.. only on transport I spent 55 thousand naira going 24k n coming 31k.


if there is job in this country will I be traveling out to areas I don't know?
since almost 10 years I graduated where is the work?

What has improved? if not that I now had to learn skills in programming to work outside using foreign platforms maybe hunger for don kill'me and family.

I blame the government for everything.

Ofcos I agree with you, BLAME THE DAMNNN GOVERNMENT.

iyke2frankeze:
How do forex traders make profit? You simply buy a currency that is going down in value and sell it when it starts going up. As soon as Peter Obi enters office, the value of Naira will jump up and they will sell back the Naira, making higher dollar and pounds.

haha that's funny cos last time I checked no one buys Nigerian currency xcept Nigerians as we got nothing to xport, the go to currency is the green back. It would have worked the way you described if all we do is go abroad and use our Nigerian ATM card.This will only happen if the Banks in Nigeria steps in and trade fairly but we both know that will never ever happen this year I had a Job to do in Brazil, for two weeks plus I took two weeks Holiday (Why not) I saw something I liked for$3000, now I had money in Nigeria but not my UK bank, so I had to ask an Agent in the Uk to sell me his ££££ in the Uk so I can transfer naira to any of his Nigerian customer and that's how I managed to buy the stuff with my ££ debit card.,Now we are not the oly ones going fru this in Africa, And in what's name do you think Peter Obi will make this massive financial magic? this was how one prophet says he can sort Nigerians Electric worse in 6 months, 9 months later we are worse off

sunboy:
Sorry I don’t have energy to start explaining how things work in real life. But to make it easy, if you send money to get naira in Nigeria you have effectively sent physical dollar to Nigeria. Thank you sir.

If you no believe it’s okay.

I did not xpect anything less.

routed:
This shows how uninformed you are. You need wear your thinking cap to weather your unfortunate situation. I pay a child foreign schools fees for you to note. Investors and exporters are swarming the economy, you are still living in mirage of complain as a young man.
Get a product or trade to invest and look for a mentor in the field. Start small with consistency and good character, you'll get there.
Write your own story and your family's, all those politicians are writing theirs and their family stories not yours.

We are amazing people who allows the ethnic bug bite us. Only politicians who are bankrupt of ideas on nation building use religion and ethnicity to divide people and keep them poor and bitter.

FYI, you are speaking to a person who schooled and have lived in the Uk for 23 years, You think I started today, I paid my own school fess here during my time and it was a damn hard Job then. This was how one jobless youth on here was thinking By me sending money direct to my Nigerian account was me sending forex to Nigeria, the Answer is capital NO.If you by any means send raw forex to Nigeria you will lose its value, you will sell at a loss. I asked someone on here why do I need to send forex to Nigeria when we do not trade i n $$ or ££ i n Nigeria, they came with the lame defence of throwing abuse. If I need forex anywhere i n the world all I need is my Bank card which is Barclays, it works anywhere in the world and no limit, However if I need Money in Nigeria all I need do is transfer my pounds to my 9ja bank account via 3rd party remitting company, they charge for their transfer fees and deposit naira to my account at the highest rate. Today £ is 1075.The remittance/Agent name I use these days is WSLRemit.SO m y Forex ends at their account here in the Uk not Nigeria. Thier Canta part or partners in Nigeria pay me in Naira, and this is how the Politicians and those in the Know Lunder Monies from Nigeria to the west, but its legit in the eyes of the law as these coy pay taxes in the UK.I have been Remitting money to Nigeria for more than 22 years so I think I know what Im talking about and as for Investment in NIgeria, Please come to the property and Auto section of Naira land where real men talk and lets talk there we have loads of people from all over the world investing on there not this Tom and jerry page.

Israel07:
You fookin jobless dumbo 😂

Is this the best you could come out with?I have gone fru your topics and post, they alll belong to the comedy section

Makawhizzy:
It’s selling above 1060 presently.

FYI

sunboy:
Okay let me help, you just sent physical $$ to Nigeria too lol 😂 so people like you will send. Thank you for sending 😊

whats the point?? we use Naira not $$$ in Nigeria.

sunboy:
It’s one thing for forex to be available (this will attract investors and bring more flow, remember Emirate? That’s why they stop flying to Nigeria maybe they’d come back now)

Naira getting to 815 is another thing, naira is taking its true value, and not the artificial rate Buhari and Emefiele forcefully kept at 480 that made their friends stupendously rich. Now naira it’s taking its real value. That’s one step!

Next step is to improve our exports and that will help balance out trade which in turn make naira appreciate and that 815 will even drop in the long term if this government follow through on their campaign promise.

It won’t happen overnight, Buhari didn’t ruin naira overnight! Thank you

Howmany people do U think sends physical $$$$ to Nigeria?if I wire money to Nigerian via my app I get the naira equivalent on the day direct to my Nigerian bank account.so what are you saying?

Israel07:
Do u really understand Economics?

Nah I'm only an Engineer who has survived working in the UK for almost 20 years ofcos damnnnn right I understand Economics.
the attachment below is yours one who understands Economics.Where is the Economics.ics ??

Jeffyblaq:
Do you all know that 1 US Dollar =11.5GHS (Ghana cedis) 🤔

keep promoting rubbish every now and then..☹️

Nonsense 😔

GH rounded their money.its worst than Naira in its Real sense.Imagine having N1000000 in your nan and one day govt says you value of naira in the bank is now N100.

routed:
Naira has been gaining momentum since Tuesday.
Don't go and invest, continue waiting for your nation to collapse?
Someone is exporting grinded pepper and smiling to bank with huge earnings.
Instead of going to buy Nigeria made shoes in Aba and export to neighboring african countries and earn big as Naira is presently undervalued, continue to dey complain and waste away your opportunity because of your bitterness.

U must still be living with your mother and paying No bills

now its N1070 to the £
no point buying anything from the UK hencefort

EPIJOE:
NA WA O, I DON'T UNDERSTAND WHY SOME FOLKS EXPECT INSTANT MIRACLE TO HAPPEN. AND ALL THE PROBLEMS OF THE COUNTRY TO BE SOLVED AT ONES.

BECAUSE YOUR CANDIDATE ISN'T THE PRESIDENT, YOU SEE NO GOOD IN THE ONGOING ADMINISTRATION, YOU ALREADY CONDEMNED THE GOVT. EVEN FROM GET GO.

A MESSAGE FOR YOU ALL. GOD WOULD PUT U ALL TO SHAME.

U dey call God for politics grow up plzzz

ECIDSGO:
ECIDSGO:
Jokers undecided undecided undecided undecided. In coming months Naira will be about 800 to 1 dollars . Pounds sterling is currently 985 to 1 Pounds

you joking right? its 1065

Mindlog:
It was zero charge.

ok I see the logic

9jatriot:
Log into your gtb account, go to the forex section and place an order for forex and see if the amount will not be placed in your dom account.

I have a Baclays bank account not GTB.
what we came to relize is If U deposit forex in your bank in Nigeria it gladly acxepts. but withdrawing it becomes a whole new ball game.Try and withdraw 100 to 400 yeah they give U but try 5k dollars.

Mindlog:
Not N1, 000, I remitted £1,000 this morning via Lemonade Finance and I got credited N1,048,000, so it is N1,048 per pound.

haba you are shortchanged its N1065. WITH an App I use.charge £20 charge for £1k

iyke2frankeze:
Who wouldn't want to remit dollar now that the Dolla price has tripled. They want to make profit within Tinubu's interim regime.

How does me remiting $£ give me profit??Think about it and
xplain plzzzzz

9jatriot:
This has to be a lie. Oga enter the banking hall with your money and see if the bank will not credit your dom account with the forex equivalent.

why say LIE?the forex market is Dead.U camt even buy $10. f I cam buy frm CBN.the way it is flying $ will soon be N1k

lexylaw09:
How nice, thank God

Are you sure?cos all these CEOs are just looking after their own interest
Pounds is now £1065.This is the highest it has ever been since Nigeria was created.So they all want to catch in.

some more