₦airaland Forum

oliverjiad:
customs exchange rate dropped recently, I mean this same yesterday

So what ever i qoute here are based on the current input and output of customs

oluwanoni:
6m , na wa o, i for just go for corolla

izzou:
[color=royalblue]Ahn Ahn

FG wan collect the 2 billion back? [/color]

raumdeuter:
This is one good point

Another is to increase other things we export not just crude cos when crude oil prices drop the shege wont be part 2

iamoyindamola:
Aje i even think say e dan reach 1k truly
We really appreciate mediocre for this country

liveLongNprospa:
Was it 30 trillion that buhari printed or 22-23 trillion?

Didn't tinubu print an additional 7-8 trillion?
Because I remember the former senate president quickly clarifying the amount😁

OasisX:


......cele what?! Jez hoping for same energy to post when Naira gbéra, even if na bintin. LOL!

EmmanuelScott1:
So you don't know banks are one of the major criminals that's doing this to naira. Those bank mds sell the dollar given to them to abokis. No be last two weeks CBN told the Banks to offload the dollars they're packing. Those modafuckers are criminals, this is the same thing they're doing to new currency. They sell it to the POS people instead of giving it to us. Imagine the dollars banks had but you can't access dollar in banks rather they will call an abokis to buy it from.

OasisX:


......slowly but surely Ẹ̀gbọ́n mi.

OasisX:


.....Ọrẹ mi, when dem go share screenshot of current exchange rate of Naira to Dollars on Binânce?!

EmmanuelScott1:
The bolded, is it the banks you're referring to?

BlueRayDick:
Some clever by half person probably advised Tinubu's government to go for a 2 pronged attack .

They clamp down on binance as a platform providing P2P service for those who want to buy virtual dollars and go after BDC operators for those that want to buy physical dollars .

What that advisor didn't tell them is that it is just a temporary solution that won't achieve much success in the long run .

Why ? Because the BDC operators will lie low for a while and not converge at their regular selling points like broad street on Lagos island , Eko hotel roundabout and other locations where abokia converge physically to sell dollars . This only mean dollar will be more scarce and when those abokis decide to sell codedly it will be at a price reflecting scarcity of dollars .

The binance and other FX exchange ban is also a temporary fix that won't hold for long . Other platforms will come up and both buyers and sellers will still transact business albeit with attendant risks .

Everybody knows these strategies will not hold for too long , but let's wait and see where it will lead to

Incognito9:
I don't know why you people can see clearly the manipulation those merchants are using binance to do. This is illegal, binance and FG has to act if not tomorrow you will see dollar @3000.

This is why some countries are calling for cryptocurrency to be regulated.

I don't think they will ban crypto, for now blocking access to it until everything is normalized. That's it.

Realmrsean:
for where

Theflint1:
So these idiots actually went ahead with their plan to ban Binance

Show open support for the cryptocurrency space, only to ban Binance and other crypto platforms a couple of months later.

Hybrid600:
Do they still bring in 2005 model cars?

If so, how much to clear 2005 Honda civic?

iamoyindamola:
Blocked

Incognito9:
Download the app nah

seun289:
Itsrm emphasized on this back then when g.zodd said he was making profit but some bigboyz here thought he (itsrm) was hating

GeneralZodd:
I pity people wey go vote Bola Ahmed Tinubu, na them put us for this mess. $1 = 1800 naira. well its a win for me, my investment just double.

i saw this coming, told everybody here to invest in dollar when it was 750 naira, they refused and criticised me, now it is happening with no end in sight

GeneralZodd:
Buying more might be a very big risk, from the information I got from an impeccable source, FG wants to digitise dollar in Nigeria. Like turn into crypto form to curb hoarding and speculation. Hoarders and speculators are the major reasons why the rate is astronomically high. This policy is likely to be implemented next year.

I will stop buying as from next year to see how it goes

Itsrm:
The only reason it's still at this rate is because CBN is seriously defending it on the I&E
window. You can only speculate on a scarce commodity. It is high because CBN has no dollar to meet demand not because of speculators. The people hoarding it know CBN has no dollars to permanently force down the price.

Long term, the naira will always lose till they are ready to turn around the country. Funny enough, they have even borrowed the future earnings from NNPC which is the primary source of Fx to defend the naira.

I'm not seeing any sign of seriousness to stabilise the naira beyond lofty promises.

GAZZUZZ:
in short Caveatemptor.


Now ask yourself, will the thread make the car leave the USA any faster?

The dollar jumped from 1600 to 1825 today, expecting the min of finance to jump on it and increase duty. Whose fault?

Business sometimes has its ups and downs in the real world.

livelongprospa:
Vague statement

livelongprospa:
Bastard not got me.
Never mind https://twitter.com/BinanceAfrica/status/1759989223535587828?t=jCp6RiOyVXhuQLinzuZFYQ&s=19

BlueRayDick that's the twitter link. Binance posted that 2hrs ago or so😁

liveLongNprospa:
Itsrm this true?

Itsrm:
Has trading been suspended on binance abi no one wants to buy? This has been like this for roughly one hour