₦airaland Forum

TiffanyJ:
Bros, add 15k on top and buy Redmi 12. I got one at 120 about three weeks ago

🤣🤣🤣 When last did you check the prices?? Kindly open Jumia and check the price of the base variant. You'll marvel🤣

Redmi 12 4GB RAM, 128GB Internal storage currently sells for N169k + on Jumia.

Smartguyboy:
Is it not too late for you to buy dollars now?

.

saasala:
I went to the bank this morning, took out 8m from my savings and used everything to buy USDT. Be like me

You should have waited for Jagaban to make his policies.

Johnrake69:
When you have the 5M you will think differently

Exactly my submission 🤣

gunners160:
But wait ooo, una get mind oo. You have 5million and you wan japa. Gosh, I can't have that kind of money and be thinking of running away rather I will expand on what gave me the money. Yes , Nigeria is bad but if you are millionaire, you go enjoy the country die....

🤣🤣. When you have it, you'll understand.

mayemaye:
yeah sure

I'm about to start putting together my report. It's long overdue for me.

I've been into Environmental Health and Safety for over 5years now. 2 out of which I've spent as a Construction Safety Manager.

Do I have to do away with my designation and just stick to Civil Engineering?

N.B: I have a B.Tech and M.Sc in Civil Engineering.

ndidibabe:
50k USD is more that 50M NGN. Stop saying rubbish and disgracing yourself everywhere. By the grace of God, my husband works in one of the highest paying industries in Nigeria and i resigned as an AM in the financial institution before moving abroad. Unlike you that spend your entire life behind Windows 7 to say rubbish here, i have moved with these "biz guys" you are referring to and i can categorically tell you that making 50k USD weekly in Nigeria is nearly impossible except you are fraudulent or belong to a cabal. MD of LNG no dey get salary of 100M monthly and i don think any Bank MD get 10M monthly as salary in Nigeria. You are talking about 50K USD weekly which is like 200M NGN monthly. If you know someone that earn that in Nigeria, you wont even be cooling off here.

Lol, Sis kindly ignore. Thanks to Social media, people now believe it's easy to make such money legitimately without stealing. USD 50k o

When is the next diet for COREN and can one still register in other to meet up with those writing the first diet next year?

juliuscaesar:
As long as politicians keeps stealing in dollars. The dollars will forever gain on the naira. People who steal funds are scared to keep them in naira because they are easily traceable. So they buy up all the dollars, even in the black market and hide them.

A thief never loses. The money was stolen anyways so they don't mind exchanging for any amount of dollars.

Thermodynamics:
God came through for you, what of others? Your statement sound selfish

That's the root cause of all our problems in this country. Everyone is self centered. Funny enough, the guy may still have parents and siblings here in Nigeria.

ogaontop:
Current Canadian immigration exchange rate is around 600 Naira per $CAD

N641

masseratti:
Crap, this move will just make naira to hit 5000 to a dollar by February... The only way out is to truly deregulate the FX market ban the I&E window, av said it before, without that we going no where, the naira will keep on diving if the official rate is not abolished and let the naira truly float... If they dint do this all.. I repeat all of us will lose in this economy both rich and poor right from Dangote to me poor man on the street.. May God make me rich one day too. Abolish the official rate and do all government business in the parallel market rate.. Naira will not only stabilize instantly.. It will appreciate by nothing less than 35%under two months, this our ministers and CBN governor are just speaking grammar.

I feel you bro. Amen to the bolded.

I find myself still puzzled by the situation. Initially, I was under the impression that the official exchange rate had been discontinued. However, when I check the Naira exchange rate on Google, it remains significantly lower than that of the black market.

This implies that certain individuals are still benefitting greatly from the disparity between the official and black market rates. We have yet to truly achieve a floating exchange rate, and it seems the CBN governor is employing complex language without substantial progress.

This predicament left me disheartened yesterday. In June, I lent someone in Canada $1,700 CAD, which was equivalent to N977,500 at the exchange rate of N575/CAD Dollar. They now wish to repay it at N890/CAD Dollar, which amounts to N1,513,000. The stark contrast is undeniable. Our Naira savings and investments continue to depreciate.

It appears those profiting from this situation are unwilling to let it subside easily. May God aid Nigeria in overcoming these challenges.

xandy84:
The value of a currency is not measured in exchange to $ but what the currency can buy. What can a 1000 naira buy? Speculation and greed drive the stock market either in Lagos or New York. Investors speculate if a particular stock value will go up in future and invest while the price is low, and when it goes up, you make profit. You are not going to make money in your investment if you do not speculate. People speculate when the price of an items is volatile. People speculate naira will fall cos the indicator suggested and convert their naira to $$ to be safer and that bring about more demand to $$ and increases in demand always bump the price up.
Government trying to punish speculators is like US government trying to send Elon Musk or Satoshi Nakamito to jail cos he found Tesla or Bitcoin.
Tunubu administration has no iota of ways to cushion the double effects of floating the naira and removing the subsidy at same time the effect just begin. The idea of going after parallel market operators will further increase demand of $$ and send naira to tailspin. Naira need help now to stabilize it or 2000 to a $$ before January.

Meaningful write-up. I was telling a friend that the actual and better solution for all this challenge is one that will set the past adminstration up for drags. BAT's administration has chosen not to explore them. Something OBI would have easily explored. They just want to continue padding it all up.

Kachidubem:
Rest !

Funny, the other guy "@VeeVeeMyLuv" obviously got tired of arguing with you. There's no way you want to spin it; inflation or not, saving in dollars is far better than saving in naira for now as a Nigerian. And that's exactly why most of our politicians don't care! They have their assets and savings secured in dollars.

They all stopped spending Naira, going by the way they were throwing dollars around during the election primaries.

Inflation will affect everybody, including those earning in dollars if we want to go by your statement.

VeeVeeMyLuv:
Bros what are u saying sef?

that your friend 2.7 m naira 13500 dollars in 2014 is now worth 13m black market rate.

So you see he will buy the car now in 2023 and even have more than enough change to spare to play with that is enough to conveniently buy another same car.

As u can see, Saving in $ is very wise and earning in $ more wiser

I honestly don't understand the guy...🤷

Kachidubem:
Asin ehn... I just dey laff... like they dont have expenses to make or what ....

How can somebody store cash since 2011 till date and leave it untouched ..lmao

Somebody said he saved in dollars back in 2013 (950k naira) ... now he withdrew the money in 2023 (4.4mill naira)

So , he took 10 good years to gain profit of 3 million naira... 10 yrs to make 3 mill doesn't sound impressive self to me

Plus, I can bet you , whatever you planned to buy 2013 be it car or anything, by 2023 when you withdraw your money, INFLATION will be waiting for you

My frnd in uni bought Lexus rx350 suv in 2014 2.7 mill, even if he had saved that money in dollars to make 3 mill profit ..today that same car cost 6.6 million naira .

You just keep going back and forth. Mathematics doesn't lie. Kindly do the math for us.
How much was exchange rate as at 2014? Let's take it from there.

valentineuwakwe:
I see it dropping to N900 by December.....

. Should we put a $100USD bet on this one??

opamoses1:
How many Nigerians spend dollars on a daily or even monthly basis.

You're completely ignorant. You need to get more knowledge.

I have slots on my SPOTIFY FAMILY PREMIUM for who ever is interested. It's 1k for 3months. I have just 2 slots left.

N.B: Slots are filled up

I have slots on my SPOTIFY FAMILY PREMIUM for who ever is interested. It's 1k for 3months. I have just 2 slots left.

I have slots on my SPOTIFY FAMILY PREMIUM for who ever is interested. It's 1k for 3months. I have just 2 slots left.

PoliteActivist:
No mind am. He earns N1m and he can't feed a family of 3!

Things are complicated right now but not as bad as not being able to get by with 1million naira.

SIRTee15:
500k salary is too low to come with all these benefits.

It's clear the post was made to drive traffic. Op has really done a great job😊😊

MT:
At the bolded, now that you have mentioned the income, can you also talk about the expenditure please and show us what remains?

Many are always leaving out the expenditure; Which is crazy right now?

fxexperts:
Baba don't follow this advice. use your tongue to count your teeth. N500K is just $500 for a whole month. something your can earn in less than 3 days there in Canada doing menial jobs. I currently earn far above that amount here in Nigeria. i trust me i have been leaving from hand to mouth. N1M is not enough to take care of a family with 3 kids in this present Nigeria. and trust me it will only get worse. Am Japa to Canada anytime soon.

Are you sure you earn one million naira a month?

Jacku:
and the pixel Cost how much?

179k presently for open box here on Nairaland.

Mustiboy:
Was surprised as well.

Even if you're not satisfied with the stock cam, you can always beef it up with GCAM. Although, I agree not everyone wants to go through that stress.

I use both iphone 11 and Redmi Note 10 Pro. Lots of people will come for me if I told them the still images from the Redmi are better... with GCAM of course

Definitely baba. His words of the camera not being "good at all" was what got me.

Wujio:
The word of God says the Spirit of a man searches the Heart of God. Whatever is strong in a man's spirit is the counsel of the Lord

Lie!

Slizzords:
The pixel 5a camera is better than the Redmi note 10 pro though Redmi camera isn’t all that bad.

Pixel 7a was what the guy advertised up there but I don’t think the battery life is all that good based on reviews I read online.

You completely wrote off the Redmi Note 10 Pro camera, which is not true. That's the notion I was trying to correct. It's not bad if you want more. I'm typing with a Pixel 5A right now, so yes, the camera is better.

Slizzords:
Good evening tech gurus, been using this Redmi Note 10 pro for quite sometime and to be truthful it has served me well, but the camera isn’t good at all and my business entails me to take nice pictures of my products so I need a badass phone with super duper cameras with good performance too.

Which one of Samsung s21 ultra or 13promax will be best for me, noting that I have been an android user most of my life though am open to trying something new , need genuine suggestions because I intend getting it latest next week by God’s grace.

My criteria is

1. Camera
2. Battery life
3. Performance

@The bolded. I disagree with you. Redmi Note 10 Pro may be 2years old but saying the camera is bad, like outrightly bad! I disagree. Just say you want MORE.
Can you drop 4 different samples of your shots on this thread?
If I show you shots that were taken by Redmi Note 10 Pro as of now I'm sure you won't believe it.

A phone that was so good that Xiaomi had to repackage it and sell it as Redmi Note 12 Pro 4G. Stop playing please.

N.B I use Redmi Note 10 pro and Pixel 5A (that's being advertised to you up there).

I'll advise that you should just get more knowledge about your phone camera, save more and buy something better.

genius43:
300k ish we get you a Poco F5.

Well done boss. Me after RN10 Pro, I am getting a flagship.

Yes o.

Ikaeniyan0:
Every Nigerian. That's why we are not on the street protesting as you want.

And you believe this nonsense you wrote?