₦airaland Forum

ALTERNATEID:
Redenomination will not change the value of the naira since the new N1 will have the same value and purchasing power as the old N1000. Go to Ghana and ask them how well they are doing since they removed four zeros from their money.

The OP talked about capital flight and that’s absolutely ridiculous and extremely ignorant. The current transparent, open, honest and stable exchange rate has attracted lots of capital inflow into the country. How did you guys think we were able to increase our net foreign reserve from $3.9 billion in 2023 to $23 billion as at last month? You think the money came from Tinubu’s pocket?

In fact, JP Morgan is now considering re-listing Nigeria on its government bond index because of our very transparent exchange rate. So, you guys really need to get a good understanding of the issues before jumping around to post nonsense opinions.
Tell your payee

Mbanda:
That is the problem but helinues and his likes will leave all these choking problems and be attacking Obi who is a private citizen.

F117nighthawk:
Abacha for 5 yrs pegged the náírà to a dollar at between 82-85 naira to a dollar,that was abacha,s major achievement under his regime,the dollar to naira exchange rate never go beyond this for 5yrs of his government


quote author=guobe post=135182086]I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life support as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable.

Ikaeniyan0:
If a dollar start exchanging for $/500, cost of goods and services will fall. The price of petrol will be about 300/litre

Ikaeniyan0:
The high exchange rate is the reason cost of goods and service is high

Firebox123:
if 1 dollar is 500 naira

Yahoo boy way dey chase $100 per day how it wan survive in Nigeria

Everything get Reason jare

Firebox123:
remember only few are millionaire in abroad

Dotherightthing:
Blame Emefiele for injecting NGN22Trillion from thin air into the economy.

On a good day, Emefiele should be sentenced to death

There is so much electronic Naira is people's account that we don't even have the value in physical notes.

Firebox123:
the more rate is high

The more gain yahoo boy and fraudster gain

Firebox123:
CBN have to remove the three zero in each currency

1000 naira to be 1 naira

3000 naira to be 3 naira

That's the only way we can value our money

clintino700:
It's really pitiful N disheartening.
Govt needs to do better instead of planning re elections in 2027.

illicit:
It's what gains traction...

illicit:
It's the algorithms...

Tirshatha:
It is about arranging 2 or 3days games.

Tirshatha:
I may try doing 56+ odds 11times in a 27days period before upping the ante.

Tirshatha:
I went to Twitter and I was stunned to see that a Punter was able to hit 100+ odds 5 times in April 2025.
I mean this is someone that understands sports investment as a business and I will say better than me if not the best in the country at the moment.
In the light of this: I have counselled my self to emulate on a personal note and break the odds record and where possible the money win record even though he(BIG FUSE) tagged his own community win.
Guobe and Thelivingpunter take note that we need to improve.

Firebox123:
81 33 40 91

Play this number ASAP

If you win ham lemme know

Firebox123:
Baba ijebu 😂

Tirshatha:
7.35+ odds I gave yesterday on Twitter and offline to individuals boomed. Guobe, Kabanayol9 and Gabweezy are witnesses.
Life is about churning out results and God has helped us thus far.

*UPDATE ON RESULTS OF 7.35+ BETKING ODDS*

*Isloch v Molodechno(4:0)✅*

*Konyaspor v Adana Demirspor(3:1)✅*

*Bodo/Glimt v KFUM Oslo(3:0)✅*

*Juventus v Monza(2:0)✅*

*Olympique Marseille v Stade Brest(4:1)✅*

*Napoli v Torino(2:0)✅*

Tirshatha:
2.84 Betking Odds I gave late yesterday on Twitter and offline to individuals Boomed. See the evidence. ATeams, Guobe, Kabanayol9 and Gabweezy are witnesses.

UPDATE OF RESULT OF 2.84 ODDS GIVEN

*Royal Charleroi v Dender(4:1)✅*
*Internacional v Juventude(3:1)✅*
*Saprissa v Cartagines(1:1)✅*

Ofodirinwa:
you think they're pourous by accident? There's no act of insecurity happening in NIgeria right now that is not supported by the very people you think should be launching satelites to stop their business.

Celestialsword:
no really,by month end,the demand for cash is usually high.

Fetula4u:
even palmpay they'll use it as fraud

Guobe what of all those fraudster that use commercial bank to scam people nko

yinkeys:
Palmpay users can change or edit transaction details

I’ve never had any issue whatsoever with opay

I agree with you, don’t keep large sums there

I don’t even trust Nigerian banks these days
Last year I couldn’t get out cash from Zenith for over a month

If you’ve got money the safest to me would be usdt in a cold offline wallet
Local Inflation Insulation

yinkeys:
I think you mean Palmpay

Not Opay

Firebox123:
you mean they're not using commercial bank to commit fraud right

Firebox123:
if you want to do transaction on opay you must do face verification before they approve it there's nothing like fraud there

Tell me any commercial bank in Nigeria that do face verification before you do transaction