₦airaland Forum

freeman67:
I don't understand why you will tag all those who have contrary opinions as Buhari Fans.. Only one road does not lead to the market. They are several ways to make money buying and keeping dollar as you want/advised is just one of it.

No matter how you look at it or do not want to believe, there are people that would have made money same way you feel you are making from dollar or even more doing other things. Everybody can not follow same route. Besides if everyone decide to buy and store dollar as you guys advocate, where is it to go round? Maybe we should just beg the US to let us adopt that currency as ours too.

Even at that we will still not be satisfied..Maybe then we will shift more attention to British Pounds.

Sir, I never tag anyone who has a contrary opinion as buhari apologetic or fans. My response to that Oga statement is not collective. Anyway, thank you for letting me know that.

STNWAUME:
Today NAIRA hit an all-time low of N550 per USD in it 48ys of existence.

Sir, please leave us alone and let’s face our NSE jeje. We don’t want any negativity here lol (joking). Sir, you better commot before Buhari fans devour you

Indirect way of restructuring Nigeria

leo1234:
It's time to start selling your dollars.
1$ now 550 naira.

Some fraudulent bankers will be cashing out big time.

The state of our economy presently is really sad. When it comes to Naira weakening against $$$$$, sir, there’s no end in sight. So many windows of corruption and round tripping with CBN policy

Nigerialabalaba:
You for go through the history of the comments of the pesin you are responding to and learn one thing or two before falling for every online comments .
He is so much filled with negativity, hatred and bigotry against everyone not from his tribe and religion especially President Muhammadu Buhari.

If Nigeria don finish as him and you dey write in most of his comments, wetin una com dey do for NSE? I pity people wey dey buy shares of companies wey all una negative people dey buy dem shares. Una go use una bad belle finish those companies. If una buy Gtb, na dat time Gtb share go dey go down because na so so bigotry and bad blood full una mind.

Dis same country stock market wey I see people use sacks carry plenty millions for money from vitafoam, Oando, Cutix , Livestocks and Honeywell , na him someone dey curse? Na all of una no go partake For d blessing o. As una no see anything good for this country , na so una go dey lose lose for NSE, no be curse o.

Make una leave our NSE for us, go una US or whatever stocks, abi na by force to do NSE?

I’m sorry my saint and always positive brother. Don’t worry NSE and President Buhari are the best combo for Nigeria. I yam sorry, I wouldn’t be negative again

Updates: $1 = N542 (In Naira) as at 11:50pm on 9/9/2021

NSE??

Which airports or roads are they talking about? Audio money with no action to do shit

leo1234:
Congratulations.

Nothing to be congratulatory about. This is a bad news when it comes to the economy at large (when a country currency is on free falling...)

Mpeace:
Are u very sure?

YES sir. Forget abokifx online, just contact your aboki in person

Overinflate price. Honesty and this government is a taboo

Updates LOL

1$ = N530 (Five hundred and Thirty Naira)

August 31, 2021 as at 7:15pm. Let's see what the next 4 months hold for our exchange rate policy

And don't forget what Buhari cannot destroy does not exist

Anyone that support and still supporting this evil administration will never know peace. Bad news upon bad news?

Buhari = Disaster and evil

Everything said concerning (Real estate and stocks)by many Oga’s here is right based on their experience and exposure. But as for me, the fear of devaluation and everyday inflation is an awakening call my business. So I’m better off with having my money in $$$$, trading cryptocurrency and investing in $$$$ based investment until we get it right. NSE is a good place but a jungle of evil management with exception of some companies (banks) etc. All the best!

Agbalowomeri:
I can only start entering this market November next year. I dash una all the profits till then

SHARIA for the POOR while the wealthy or rich northerners do whatever they want. Thank God for Jesus

We are being governed by Cow-Animals related policy. Anything that doesn’t related to that is not welcome in this jungle country. Nigeria and startups entrepreneurship (fintech, tech, etc.) is like telling the government that herdsmen is bad! They will rather give bandits and herdsmen a pass than any other things that will benefit the country. Can someone tell me the economy benefits of Northern Nigeria to our treasury?

This will only worsen foreign exchange policy. CBN fighting already lost battle

ojeysky:
Where?

My Oga,

I dey find that dollars self if i see am for current rate

Nezzjnr:
And if the rate comes down... Hope you won't blame the Government still??

Oga Sir,

The rate has already coming down self. CBN is working very hard for that to happen. NSE is where to put money jare...

locodemy:
Definitely the rate will come down.Its not going to be automatic.If only they will be straight forward and mean business.

For myjoy84 aka Godisfaithful, he is always a doubting Thomas.He will still say one thing....one thing......

Alright sir. The rate will come down and my middle name is Thomas. Dont worry jare my Oga, let's focus on our NSE and make money. CBN is really working hard to make Naira and $$$$ value equal

locodemy:
You said 80% of our politicians are aligned with Fintechs in hard currency and you think all is well?You have nailed yourself nawh!

You think CBN don't have eye?

Sir, it is a typo error. I wanted to say most of this politicians deals with foreign currency. FINTECH and politics are two different things. Just focus on your NSE jare my Oga.

Back to my hibernation and in the next few months, everyone eyes go clear when Naira to $$$ exchange rate go be lol

There’s no problem in diversification especially when Naira is already on life support. I deal with fintech and I know many people who deals or age into that business. If CBN think FINTECH is the problem of Nigeria currency, it means there’s another fire on the mountain when it comes to their unstable policy. Time will tell. If you don’t know, 80% of your politicians align with fintech and have their money in $$$$ denominated investment. Just a tip for you.

God bless NSE
GOD bless Nigeria

They meet everyday with nothing to show for it. Government of confusion through bandits and herdsmen

Nigerialabalaba:
Una good evening Sir Guru.
Thank you so very much for your insights. I gbadun you. I agree 100% that our aggregate output and export needs to go up and the numbers coming from nbs, especially before covid-19, dey show that our PMI has started increasing and you sef see say the intervention by CBN dey help many companies get back up so tey some have significantly reduced their finance cost and now have more to share or reinvest.

Oga Guru, I just want you to know say we know wetin dey go on but like to dey blame everyone except ourselves individually.

We play on wetin guys wey sabi book dey call FUD so that perception go go against naira and dem fit cash out through these wayo 'fintechs '. You just embellished it by suggesting that naira loses value quickly and I begin dey wonder if na Zimbabwe you dey talk about. I don even read here way some endtime prophet of doom say naira go reach N1000 to $1 before last December and they fuel FUD against naira so dem go fit cash out. I no wan say God go punish dem but I know say the kind punishment God go give dem go be like the one wey God do Anini , Monday Osunbor and Evans .

I dey remind you say na dis kain talk dey make those unpatriotic cheats dey hoard fx and still dey spread FUD to make those who get the fx no release am.
Now to how our balance of trade for the past 5 years dey go down, na oil price wey go down and dey fetch us like 90% of our fx cause am. Unfortunately, some people wey think say na only dem get sense come put petrol for the fire wey dey burn us with oil and electricity subsidy. Those people na the economic saboteurs behind these "fintech ". The court papers has established that they were diverting fx that CBN released for special intervention in critical areas of the Nigerian economy, go dey use the money dey buy US stocks and crypto. Bros, you use style dodge that place. This fx fraud has been going on for the 5 years you mentioned and it keeps rising. I no get the data on the fraudulent fx exportation going into the US stocks but for just binance, nairametrics reported that $38m was exported in June and it went up by $1m in July to $39m. If you do naira conversion, that is N19.5 billion being exchanged for US for crypto alone. This is just conservative and if you extrapolate the data I get from BBC, you go know say you underestimate the magnitude of the sabotage these guys dey cause https://www.bbc.com/news/world-africa-56169917
As at 2020, the total monthly trade in crypto is $65m and that is $780m in 2020 alone . That is N390 billion( almost the annual budget of Lagos for 20 million people) being exported criminally for USD and this number has gone up now unless CBN prosecute these guys.

These wayo 'fintech' guys, their collaborators wey dey disguise as customers and the thieving politicians will all face the same judgement; they will gather but never enjoy it let alone bequeath it to their descendants. They will lose everything at last because dem all be thieves . Forget the whataboutism, wetin no good is not good.
If no be God and few patriotic Nigerian investors, these bad people go don even kill our NSE sef! Na those kind bad people you dey scare to call out? Abeg, make dem go face their case. Person wey sabi wetin hin dey do now should bring his clean money come NSE. All the people wey wan kill Nigeria and NSE no go succeed. Na jail dem go end at last if dem no repent now.

Oga Sir,

Thank you for your contribution. I read everything you said about "FX" and how emotional you sound about people hoarding the $$$$$. One thing I can vividly say and tell you is that $$$ shortage in Nigeria is not FINTECH's problem, blame your politician and NNPC. Dig deep and you will understand what I mean. CBN is fighting a lost battle and defeated war!

They will still use it for revival or Assalatu very soon. It is not about renovation, but proper management.

They should go and teach bandits, herdsmen, and bokoharam act of repentance first before teaching my Niger delta family what they already know

Lovelygbems:
07067025484

I'm interested. Office location please

Why is all these naija politicians sick in the head? What’s your business with breast milk? This man must be a super sucker like our super cop Kyari who turn super fraud sucker. Bunch of lazy and evil people

When are they going to arrest Abba Kyari, the most wanted fashion designer who turn fraud officer?

When is good news coming back to this country?

Buhari = Disaster

Know Buhari = Know Problems and Calamity

Lewisjohnson:
Baba Admistration is Nice,
PMB = Next Level
Sai Baba 4 + 4 = 2026,
Till 2026
Haters drink Sniper

Don't worry, rain will fall on us all. Keep wishing and dreaming

The journey of survival is very challenging but with God and hard work everything is going to work well. You are on the right path bro and the will to succeed is already in your gene and it is going to happen. just stay true to your course and never give up in your trying. May Almighty God see you through in this journey of life. Wishing you all the best of life...