₦airaland Forum

CocoaOla:
Nigerian inflation sits at 18.17%.

For the last decade, its ranged between around 8% and 18%.

"The Central Bank of Nigeria devalued the currency, the naira, by 24% last year. There are fears of a further fall in value by as much as 10% this year."

Braced up I see hardships war everywhere

Pls educate me. I tot devaluation was only advantageous in an export-driven economy? Why all these devaluation?

AllenSpencer:
What is the tactics here? That a country that could achieve close to nothing during the rainy days, is now complaining during a drought?

Its not magic or fiction, but a logical analysis. The worst is yet to come.

USA, India, China, Japan and Europe going green, and when this starts materializing, It will only get worse for Nigeria!

Or you will also blame Buhari for not saving during the rainy days? Okonjo knew what she was talking about as at that time.

4get the lie about going green. There is no green anywhere in this world that can do away with crude oil. Its the blood of modern economy-crude-oil! What is more pertinent is, WHY HAS THIS GOVERNMENT CONTINUE TO ALLOW THE IMPORTATION OF PMS? You sell Crude-oil cheap and buy back petrol costly? Sometime they just give oyinbo crude-oil plus the balance ontop to collect PMS.

No point comparing Nigeria to other countries. The main problem is, we depend on IMPORT too much. We import PMS, TOOTHPICK, EXPATRIATES, EVERYTHING. Nobody spends Naira outside Nigeria. The respect the Naira has is when the government has sufficient dollar to cover their naira. But government is dollar-trapped, They are not making enough FX. That is why the secret printing of Naira notes. Na like colored paper. Very soon, even market woman will not accept it from u again

boogietrends:
There is nothing wrong in printing money especially when the country has a huge population to push the inflation over to. China did it, in fact China printed trillions to help build their economy and today they are better for it. If we have good economic managers in Nigeria, they should print trillions of naira to support infrastructure and not for recurrent expenditure.

U are joking rite? IN an economy largely dependant on import? Even the Phone u dey use take type dis ur print-print, was imported, from a country where Naira is not regarded. The ability to convert the Naira in circulation to Dollars, is the respect the Naira has. N60billion printed will end up in the hand of someone needing to buy BTA, or an importer needing FX or expatriate needing to convert it, so he can send it to home country. If the government does not have Dollars to match the N60billion (they dont have). Then u have so much naira chasing few dollars. Naira on free fall. Naira losing credibility.. If i hussle dollar take import phone from China den, don blame me for selling Nokia 3310 for N300,000.

tunjijones:
A guy in Benin took his time to put me through forex trading and told me abt how much i can gain by trading. I now asked him what wld be your gain in all this. He became so upset and was shouting. Someone that was convincing mr to drop abt 680k to buy forex robot and start trading ooo. He has even convicted me already na just God say make i ask that question.

The way he flared up when i asked the question i knew there was something shady abt the whole forex robot ish...

Jesus! N680k for robot? Na SEX robot?

frankson1:
Sir/Ma, in the FX market almost $7 trillion dollars is up for grabs daily. The FX market is the largest financial markets in the world and so there's enough room for everyone to grab as much as they can.

Then u underestimate human greed! Many want the $7trillion all for demself if they can. Its not even enough sef

deflover:
For wetin u talk

Hit me up
I go train u for free
08066482808

Exactly! there is nothing i hate more than FREE TRAINING in this world, cos in the end, its usually more expensive

aronski:
U said it all! If them like make dem talk up and down. Ah don c fire for this life, am young, I will take risk and If anything happens I will start allover again.
After learning web development and building projects that took me years and still unable to launch them because of lack of funds, I started learning Fx during the Covid-19 lockdown. Am still learning up till date but will soon start real trading. Am always busy going through the charts slicing and dicing. I have hope and believe in myself, nobody will walk to me and say hey u, take $500 ah dash u. Everyday ah dey up for myself, nobody wan help/lift man up. So, Man must work, Life na risk, u take risk everyday without u even knowing.

Any beginner who listens to this guys and change his/her mind on starting a trading journey has a big problem of not being serious with his/herself. Make ah go look dem charts...
God help us all

I pray 4U. Wen the truth dawn on u harshly, may u not drink hypo.

SavageResponse:
From actual forex trading or from training fees and selling fake trading robots?

He is here to lure some more gullible trainees. Thats his profit, their fees. Nothing more

elvhinzey:
Why will it ever even make you rich when you are either a gambler in existence or you have the mindset of an honest gambler??


How can it make you RICH

When every little $95, $200 you make you quickly withdraw and squander. How can you be rich with such attitude? How? No trading plan, trading watchlist, self discipline, trading psychology, risk mgt and emotional intelligence.

How can you be rich

Trading is a real man business FYI.

It's not a play ground. If you need a play ground find an amusement park that offers virtual reality for games and catch cruise there.

Motivation or no motivation, Forex trading is not for everyone.

Simple!

It is not a get-rich-quick-scheme and it will NEVER be.

You try to guess it - you'll face the school of hardknocks, sqaurely.

I leave you with this quote: " If you think you can or you can't; either way you are right."

Discussing trading with a gambling-like mindset is an absolute waste of time - this i know.

Whatever the case maybe, let me survey my trading watchlist for today...USDJPY, USDCHF, AUDUSD, NZDUSD and XAUUSD.

Without disrespect, if you're serious about making money in $/fiat currencies aside trading; i will be pleased to offer you a passive income stream.

Write short reports of not up to 28 pages and make at least, $85-$100/daily on Amazon Kindle Publisher. The course will soon skyrocket from 40K to 100K. I mean it.

This is my fuel for generating cash and plunging it back to Forex accounts.

OR
you prefer a one-on-one training at our office in Abuja.
FREE ACCOMMODATIOn IF you don't reside in Abuja.
#120K for one-on-one training.

Peace!

My people have an interesting proverb. It says NO ONE ADVERTISES HIS SOURCE OF WEALTH. When people like u start ur subtle advert, u cap it up by pretending its designed to put money in other people's pocket. Whereas U are only out to remove money from people's pocket. Thats how u break even! If u truly know how to put money in pockets, u will not be eager to share it with anyone

Just becos u don blow.

BluDesk:
Southerners are in delusion

I'd like u to understand this issue is beyond Dangote. Its surprising really no one here is bashing the governmental system that connive to make all these thrive. Its not only cement, every other aspect.The system thrives by under developing its own citizens. Placing myriads of limitations before aspirations, the believe that a pauperized citizenry is more manageable. The fear that citizens could turn their capabilities against the government.

Fake story. He shot himself with AK47? Yet the gun did not generate enough noise to attract anyone to the scene?

Are u okay? Means u don mad already

Wise choice. Were the war in Afghanistan justified, it would have been a different matter. The solution starts with justice for the Taliban.

azpekuliar:
Reno is the only opposition party in Nigeria. Shame on the PDP.

Wot of Wike? Eye-service!

Voy:
https://m.facebook.com/story.php?story_fbid=10224559715117655&id=1152008079



https://twitter.com/renoomokri/status/1381232974306377732?s=19




https://mobile.facebook.com/story.php?story_fbid=10224565426700441&id=1152008079&_rdc=1&_rdr

@Reno. You are misfiring. In John 13:4 Jesus Christ was NEVER NEVER shirtless. U betray ur lack of Biblical insight! With one side of ur tongue u say full dressing is Arabic, with the other side of the same tongue you say Jesus was shirtless? Whats the difference btw the Jew and the Arab?

onatisi:
i have not seen or heard anyone say or chant SAI BABA for almost a year now

PigTormentor:
Yes the 2nd world war gave the US a big boost but it has been leading the world since. The US has dominated economically and militarily for so many decades and is still poised to lead for the next 30 to 50 years. China is competing but China has many baggage that will prevent it from becoming as dominant has the US has been since world war 2.
Many countries have been trying to dump the Green back for as long as I can remember , but the US dollar is still the most dominant currency in international trade. The Yuan, Pound or Euro have no chance of catching the dollar even with the US govt printing money simply because all the other countries/currencies have their own problems too and the US is still the biggest economy/military in the world hence more people in the world have faith in the US currency. The thinking is very simple - if the US economy should go down with the US dollar then the rest of the world is also going down

"The U.S. dollar is known as the world's reserve currency. ... The dollar is strong because of the U.S. economy and because people want to hold dollars and the safety of the U.S. dollar. In times of uncertainty, investors flee to what's known as safe havens, investments expected to hold their value during market turbulence.

The US military certainly wasn’t the best in Afghanistan. It was the Dutch military. The US hasn’t won any war since WW2. Even the US knows they are not the strongest military right now. On economy. The largest economy doesn’t translate to the best economy. After all, Nigeria is the LARGEST economy in Africa but she is the poverty capital of the world. The day the world dumps the dollar as its currency is the day US overtakes Nigeria as poverty capital. It’s merely politics that keep it so for now. If it were not so, we will not be having this conversation to begin with. Nigeria is hedging her Naira with the Dollar that’s why printing Naira recklessly is irresponsible. What hedges the Dollar? Rather they hold people’s reserves which they can’t afford to repay. It’s why they are the greatest debtors on earth.

PigTormentor:
US na mumu country? The biggest economy in the world, the richest country in the history of humanity? When the US sneezes, the rest of the world catches a cold. The rest of the world looks to the US for direction in terms of economics, technology and many more.
Na this kind of mumu we need in Africa and Nigeria in particular.

I don hear, na mumu country.

My point is, U.S is not a good example. For long now, many countries have been pushing for dumping the dollar as the world currency. Some countries have partially done that self. The U.S is cheating the world. Why do u think Gaddafi was killed? Its WW2 that gave the U.S the edge it has today. More like past glory otherwise its behind many countries in everything.

PigTormentor:
It's pathetic but that's what most govts are doing these days (Covid era). Even the US govt is printing and borrowing at an alarming rate.
Next generations of Americans will be paying forever.

https://www.usatoday.com/in-depth/money/2020/05/12/coronavirushow-u-s-printing-dollars-save-economy-during-crisis-fed/3038117001/

My friends park well. U say most government are printing currencies, but u only cite the U.S! that MUMU country. The most indebted country in the whole world

lonzo:
The Irony on this post.. the man printed money to share to 36 states.. Instead of Nigerians to hold their governors accountable, its person who approved the printing that his held responsible. Naija my country

There is how far u can blame the governors. They are just like class captains for college. The Nigerian president is more constitutionally powerful than the American president. Then, u dont print money beyond what you earn. If we earn $14billion a year, thats the equivalent in Naira of what shud be in circulation. Else you are certainly going to be unable to support what u are printing. Just like issuing someone a dud-cheque

dam4sam:
The current CBN Governor Godwin Emefiele is very complicit in this Racket and he must be made to account for his stewardship, at the appropriate time.

Any smart person should know to convert their immovable Assets into Foreign Current and save in a Domicilliary Account right now, if they dont have a foreign bank account.
Naira is almost Tissue paper right now, it is loosing value faster than anything

When the hammer falls, What is the guaranty that Banks will not have liquidity issue? Even ur Dom savings may be affected

Bouz:
the same greedy jagaban that dragged the southwest into this mess, is whom you all want to vote for 2023. suffer no dey tire una shaa

Continue deceiving yourself. Like u don know vote DOES NOT count

The economy has been on steroids for the past 8yrs or so. Every single economic reform of this government, look more like Voodoo schemes to me. Am not surprised the government is no longer credit worthy.

NigeriaIsZOO:
Lol, the bastards in government now print money to share as a way of maintaining balance of payments

By the time these bastards are done with Nigeria, we will be using buckets and wheelbarrows filled with naira to buy bread

Reminds me of the Berlin story. After WW2, German currency Deutsche-mark was almost valuless. A certain woman took all her savings in a wheelbarrow to a local bakery, parked it outside and went in for a prolong talk with the Manager of the bakery. She was pleading for a loaf of bread in exchange for her life-savings. Reluctantly, the manager decided to pity her and agreed. On getting outside, the woman found out that a thief had made away with her wheelbarrow after emptying all the Deutsche-mark in it on the ground.

Vampire blood dries up too, someday. immortality is not affordable. Am sure u saw Timber Wolf's exit? Before then, the Mama? Now Duke? The long wait for NWO must wait yet some more. You are losing.

Olamilekxy:
He reupload the same song( made in Lagos)on his page .read about the story and stop disgracing yourself

But MADE IN LAGOS is all over Youtube. Wizzy put it there by himself for all to freely enjoy. If you can download free on your phone, without consequences, its safe to assume u can upload on you SM pages as well.

Aconomist:
Dangote is selling cement for 55 Kwatcha (1150 naira) in Zambia. But in Nigeria, the same cement is going for 3,000 to 5,000 naira. Dangote is the biggest problem in Nigeria. I have never seen such a wicked excuse for a human being in my live. EndSARS is over. It's time to start END DANGOTE.

https://zambiareports.com/2021/03/31/78130/

Dear bro. Welldone there for the post, It's Been eye opening.. Cool down with these MAI SASANCI. Thanx