₦airaland Forum

BlackViper:
Hamburger has won the Champions League before

Bobodee09:
Hamburg

Bobodee09:
Hamburg

Dundalk:
Hoffienham..

Bobodee09:
Hearts

JAOS:
Barcelona

JAOS:
Man city

Dundalk:
guobe u no see this again..

MonsterVerse:
Dortmund..

slickbak:
PSG

Bobodee09:
Benfica.....there is a rumor the club was cursed by a former coach.

They have lost several European cup final despite being favorite till date.

pussygotlips:
Leicester City

Bobodee09:
Benfica.....there is a rumor the club was cursed by a former coach.

They have lost several European cup final despite being favorite till date.

NoahHadNoArk:
Tottenham Hotspurs

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...