₦airaland Forum

Enzo makes it three. Bellingham who?

Gallagher makes it two

Goal chaos causer

Madueke, Caicedo. Two fools

And disaster just stood there waiting for the shot

WantsandMore:
Starlink now retails @ 850k man

From their site. No allow middle men scam you o

This Aina no be am. First real test and yansh don open

TrebleChamp:
I just tried to transfer to a Polaris Bank account, but Kuda showed "recipient bank have network issue", i asked for another account, the lady gave me palmpay and transaction went through instantly. All conventional banks should go ask this fintech bank how they do it...

That screenshot is from Kuda na. And note the use of "may not".

Emaprince also just confirmed Opay is having the same issue

@Izzou

It's across board

izzou:
[color=royalblue]One moment, you are so energetic mentally and physically to get to the top.

The next moment, you're never coming back.[/color]

The life dey tire me sometimes. All the hustle for money. Just to wake up one morning, go out and not come back.

raumdeuter:
I saw a post about Herbert Wigwe involved in a crash

https://saharareporters.com/2024/02/10/breaking-access-holdings-ceo-herbert-wigwe-five-others-die-helicopter-crash-california

https://www.nairaland.com/7996769/herbert-wigwe-dies-helicopter-crash

May his soul RIP. Life is so fickle

You didn't buy tokunbo. You bought non-registered naija used packaged as Tokunbo

shevon:
Wifiber

Thanks.

shevon:
I pay N11,800 monthly for data and we connect everything in the house to the route and have never ran out of data. Also, I subscribe to 1k mobile internet for use whenever I'm out of the house.

Which ISP is this?

BlueRayDick:
The devaluation has affected a lot of things that people are not even talking about.

Early this week I worked on a procurement which we processed this same time last year when we overvalued the dollar at N700/1$ (out of our own volition ) .

That same transaction we had to value at N1500/1$ out of necessity now.

I had to do analysis/shalaye in the mail to the oyinbo oga that was going to approve it for him to see that the dollar value remains the same but na naira don pafuka shoot the price up to an increase of 114% of what it was last year in naira .

I fear people will lose jobs in the private sector in the coming months ; especially in companies where they don’t really have a working organized union . Promoters of companies will explore retrenchment as means of staying afloat . A lot of companies will even default on credit facilities ; banks’ business recovery units go tire sef

I heard most companies mark up their procurement with a 300 naira premium just to guard against devaluation. Like as dollar is around 1500 now, they wiill record it as 1800 in their books. The real shege will start when new products hit the market.

izzou:
[color=royalblue]2008 Corolla = 6.3 million

In Mercy Chinwo's voice, "Tinubu, you do this one"
[/color]

https://www.nairaland.com/7994656/toyota-corolla-2008-le#128351466

Wait till you see new prices. This one was likely bought two months ago.

Moderately accidented units will go for 8.6-9m for this same car. Just be patient, you'll soon see it

Jodera:
Lol... This one different na

Any any how sha, God punish APC govt. Na dem cause this thing

Na the koko gan be that. I remember DSTV compact was N5,000 in 2015 and with it, I could watch all premier league matches. I think they even used to have a subscription of 1500 at the time.

Now I'm forced to pay 19,800 to watch the same thing I was watching with 5k and with the devaluation of the currency, only God knows what they have in store for us.

GloriousGbola:
That's called a state/public school.

I was going to say the same thing.

BlueRayDick:
Don’t mind Jodera . As if we all didn’t have classmates whose are known for begging . As a parent u definitely won’t want ur child to be in such position and u will do everything possible to make not develop such bad habits .

It’s not even about luxury .

I think the state of the economy is now making us see basic things as luxury. Cooking with gas will soon be luxury. People will be advised to cook with firewood

Jodera:
The bolded, I see it as something new gen z upbringing sha. In our family we don't do it and even while growing up, I nor my siblings weren't exposed to such sha and we didn't see any big deal in that. But no matter how we want to look at it, it's still luxury. It's just one of those luxury instilled as necessity by most parents. Just as some people can't do without having/subbing DStv in their home because they think it's necessity.

As for the others, aside personal surfing which I use on my phone, most of the others is just once in a while and it's not most families that have this home internet sef. Average Nigerian family man doesn't have smile or swift at home in this our obodo naija. As for Smart TV... Lol, that's really luxury. Except one have it before cos he's once Rich, what would make a family man earning like let's say 200k have smart TV when he can buy normal wall Lcd TV?

Na egbons full here oo

They told me in my sons school he was always looking at his classmates when they munch their snacks and advised we also buy for him.

I had no choice. Is it really luxury? What alternative do I have. Tell him not to look at them when they eat?

Theflint1:
APC juju man strong.

Na thunder go fire APC. Look at how this argument has gone on for pages. 600k a month salary before APshit would have made you conveniently fly to any country of your choice for vacation as long as you have visa. You could easily buy a brand new Nissan(cost about 3m then)

Now we are debating whether 600k will last one month

BlueRayDick:
This is a fair view of the matter . For someone who has been earning 600k before subsidy was removed and dollar floated , he will struggle to adjust to the new realisty.

However for someone what has never earned close to that region of income before , if he starts earning 600k today he will be more than happy to even add more expenses instead of cutting down on his expenses .

Exactly the point

Prospa seems to be looking at it from the viewpoint of the bolded and he's right.

It's not just the only viewpoint.

GloriousGbola:
Your school fees are off. Way off. Imho sha.
Add cooking gas one cylinder per month.
Add something for the dad. Booze, suya something.
That data will only work for a disciplined person living alone. Add kids into the mix and
You also need to add something for unexpected /emergency.

Like too small? I thought so too but he still has like 100k+ left in his calculations. So if you adjust accordingly, you'll still come to the conclusion that it's just enough to get by if you don't mind not saving money and all you do is pay bills while living a fairly decent life.

liveLongNprospa:
Would you say your current salary is enough or you need to cut your coat so it becomes enough?

600k might not be enough to sustain the lifestyle of someone who was earning it before, but it's okay to sustain the life style of someone earning 50k before which is where Izzous point comes in. You see it's not absolute.

Look at the breakdown Theflint1 just posted. It's truly not a lot or money in today's Nigeria but its just enough to bet by.

Realmrsean:
e get wetin my people dey talk say mouth wey don dey chop don already dey committed..

If you've been living comfortable with 600k and now with the surge of things, it's okay to complain that 600k is no longer enough for you if you re a family person..

Even people wey dey earn In forex like this, the heat and pressure is almost catching up as inflation is almost gulping up stuffs in the market..

It's sad to say this but I don't think 💬 it'd get any better, it'd only go to worse from here in..

So everybody should fasten his seatbelt and expect the worse while praying 🙏 for the best

It's still a much better position. We were just discussing this at work today. That we will prefer a reset to 2018 when we were earning a far lower salary but that lower salary was more than enough. I remember how I'll receive salary at the time and I'll spend and spend, the money no go gree finish.

Now with all the increase, the way the salary dey waka, I don't even understand.

BlueRayDick:


CEO of "I no go gree" records jam Chairman of "We die dia" group of companies

izzou:
[color=royalblue]I don't even understand why this basic statement seems bogus.

You cannot buy dollar from bank, and Paul Jing will not collect Naira from you in Guangzhou; Either dollar or Yuan.

The rate at which black market will rise now will be ridiculous. [/color]

I fear this is what will happen. Ban today, unban tomorrow. Trial and error, no clear direction. And na the same party dey for the last 9 years.

Realmrsean:
my junior brother opened a Euro 💶 and pound don account yesterday..

I wonder why people aren't onboarding to the crypto train 🚂🚆?
Ignorance is really a bliss

That's the way to go

As nihilist mentioned, if there are bottlenecks with ease of purchasing usdt with usd, it makes things a bit difficult especially for those who don't have Naira accounts.

OasisX:


.....major problem is; we are too wise in Naija. If one door is closed, we go still find another door by fire by force. LOL!

The main problem is this. CBN is still not allowing us convert Naira to Dollar at the bank. So what happens when people need dollar for importation? They go to the black market.

I just pray this thing does not backfire. If not, we will soon see N2500 to a dollar.

OasisX:
....black market will díè naturally soon.

If I hear.

I already posted about it here before it's now going viral

Itsrm:
Rebounding Naira

Meanwhile you can no longer receive dollar payouts from the bank when you receive money through western union and the likes

The bank converts it to Naira for you at their own rate and will give you the Naira equivalent.

Before now, they could pay out dollar, then you hand it over to Aboki to get the best value for money.

I guess the whole idea is to increase the amount of dollar supply in official channels. What these mugus don't seem to realise is, no one will use western union any longer. People will simply open domiciliary accounts to receive money and then send to Aboki.

Except the bank rate is considerably higher than Aboki rate which is very unlikely.

izzou:
[color=royalblue]You better give Mazi Hyginus him money, or better still, let him know the condition of the market.


Na why i dey laugh at the bolded. Unless you want to chill with the big boys, 600k go take care of you well.
[/color]

For married people with kids, if you mean just paying bills and driving a 2003 corolla, then 600k monthly will be just enough.

If you have to save for the rainy day, take flight when you need to travel, go on vacation with the family and lodge in hotels, you're on your own.

Ellexy:
Wait with all the cane sugar plantations wey this country get we still dey import sugar?

I was shocked as you are

izzou:
[color=royalblue]The feeds is fcking expensive now.

That's the reason for the scarcity.

These poultry guys would rather feed Broilers once a day. It's better[/color]

Nawa o. Dem dey import feed?

My mum was telling me today a bag of Sugar is now 80k plus. She said it was 27k in 2022. I did a little research and realised we actually import raw sugar. All dangote does is refine