₦airaland Forum

Bro we can build Nigeria by encouraging good practices, dollar is not our money so I don't think there is need for hoarding it when we don't have any use for it.

If suspending all Naira card is the solution to bring the exchange rate to a reasonable state so shall it be.

Importers demand for dollars is bad for our economy, these measures will discourage them from their selfish needs. Currently dollar is being sold at N320/$, there is tendency it will fall further. Anyone who is paying above N350/$ should think again.

Hoarders are in serious trouble

onatisi:
Unless these banks rescind their decision to suspend naira debit card for fx ,Nigerians are going to find things difficult next week. Ppl should imagine every importer trooping to the black market to buy the few dollars available. The price will surely hit the roof. The beat thing for anyone now is to hold on to the dollar with him or her and see how next week plays out

He is talking about people from Otukpo not igbos

arsenal33:
Y do u hate Igbos so much?

Hahahahhahaahahhahahhahahah

This recession has turned Nigerians into bunch of saddists, oboy see comments lol.

People living outside Nigeria pays the double inflated prices on every commodity sold in Nigeria, rather than taking advantage of the high exchange rate they are not in true terms because they are paying double like everyone else.

Infact, a lot of people who live outside Nigeria spend more money within a month of visiting their fatherland than they will spend overseas in a month. When they convert Pounds to Naira it looks good in bulk but it will finish within a short period.

For example in the UK, you can fill your car tank with diesel £50 for 200 Km distance but you will need £100 diesel for the same 200 km distance in Nigeria due to meter adjustments, low quality gas.

Everything in Nigeria is inflated and everyone pays the price.

Are you selling on credit?

Next week I pay you.

Singapore1:
350$ payoneer for sale

i am afraid to state rate

08181478658

Dollar is crashing.

Hoarders are panicking

Next will be Bitcoin. Isorite. We are watching

You made good points, a lot people whom I'm familiar with living abroad can't even afford to send money for house building projects anymore.

Their initial estimate to build a 6 three-bed flats in January was N17 million. Now things have doubled and they require N34 million to build the same 6 three-bed flats.

Obviously its a huge loss to them as they only manage to come home and invest in projects during long non-working holidays like in december.

The problem in Nigeria affects Nigerians in Diaspora more cos they are the people bringing in the £€$ etc.

FreeWorld23:
That abroad you see isn't easy o.
Yes, dollar is high but dont forget your expenses in nigeria is now double the price.

For example, if u were sending 20k for food weekly to your family, now that the price of food is double, you will send X 2 which is 40k ..

Not all ppl living in abraod are aware of currency thread where u can send your currency to china or other country apart from nigeria with high rate. Majority still send with WU and MG with low rate.

Building materials is now expensive o and they all give the blame to dollar. Cement i bought months ago 1800 is now 2500 not to talk of every other things that the price have doubled.

But still, only the wise and serious ppl will make use of the high dollar rate to tie things down cos most of these ppl abroad are lost and carried away by foreign lifes;They don't even call home talkless of buying land to build bungalow.

Olosho alert

You divide by 4 because there are four quarters in a year.
For example if you are investing for 91 days. After calculating 0.135 x 100,000 = N13,500 (this interest is for one whole year).

To get the interest for 91 days which is a quarter of 365 days, you do this; N13,500/4 quarters = N3375 interest for a quarter ie 91 days investment.

You are welcome.
Your 200K can currently yield N2,200 interest per month without going into Forex.

If you still want to go for Forex, sign up for a Skrill account and start buying and selling here.

Or if you want Bitcoin open an account and start.

jamesy212:
Now I understand. But I will still give it a trial no matter what. if I succeed, to God be the Glory, if I fail, I will never stop trying till I succeed.
I believe life is all about risk and im not scared of loosing my money.
So if u can assist me by enlightening me about what to do in order to start, I will appreciate.
once again, I say thank you.

OK, it means no government classifies bitcoin as a legally acceptable form of payment for goods and services even though businesses in many countries accept the use of bitcoin as a form of payment.

Bitcoin is a cryptocurrency ie an electronic fund governed by a set of programmed code. There is potential for it to grow and there is potential for it to crash due to possible technical failures, political issues.

No one owns bitcoin so if in any way it crashes, all your money is lost.

Hope this helps.

jamesy212:
Thanks a lot man....But the 200k I kept in my bank account since January has not yielded up to 3k till now but rather what my bank does is to send me unnecessary charges.
That's why I wish to invest in e-currency. Also do me a favour by explaining the bolded statement.[b][/b]

It seems you already have HIV and find it difficult to come to terms with it. Go for counselling.

Ighoga898:
if it did everyone would've contracted it by now.

OP tell the guy to send me some dollar, I'm already going bald due to Buhari's government

Why are you spamming 3 threads with your post.
This is the sixth post concerning this same Fiverr/Paypal funds in the last 12 hours.

Initially you asked for N440/$ now you want N420/$.

Make up your mind and stop spamming.

eniolaamoda:
75$ Paypal funds for sale @ 420naira per dollar

Hope its insured against Dangote trailers.

You are right jare, his music makes no sense, its not hating but true. The world has gone bananas.

Phyno sings better, olamide is just using his Yoruba accent to make noise look like music.

bbmpin:
Olamide: looks like crap(ugly), sing's songs about crap, generally affiliated with crap!

And he is adored for filling ignorant naive minds with crap! #obstreperous generation

It is best you keep your Naira safe with your Bank, e-currency is very risky, if you have extra cash you can gamble on buying Skrill. Most of these companies are
tightening their user policies so bear in mind your funds could be trapped with them for up to six months, this happens all the time. So be prepared not just for the money but also for their administrative process.

Furthermore, do not buy currencies because others are rushing to buy, find out who your buyer is and how much they are willing to buy first. For example Bitcoin has value and people are buying but it is not legal tender in any country.

Be wise.

jamesy212:
Hello, my good people on nairaland,
I will love to join u guys on this business but I don't really know much about it.
Who can volunteer to show me how I can make money via e-currency even if I have to pay, no problems but I really need mentorship.

The post I'm referring to is different from the one you are talking about.

Infinitikoncept:
That's someone's money & you feel its spamming? That's why I supported aleairhub action on treating the last case behind the curtains though some thought we be 5&6 cox at the end no show happens on Nairaland except people interested in reading stories. Lstar4real solve your gbege behind the scene & when you are going use all force to bring the scammer you paid into his account cox u don't have a bixnex with the next dude he claimed he paid to

I am referring to 3 posts not 1 post, the post is directly above my first post.

Are you well?

Lstar4real:
u need microscope if you don't know why the post was there!!!

Mod do something about the post above.
I don't know why he is spamming three threads at the same time.

Spam detection on: 2 Business threads and 1 Technology market thread.

Initiate a code B, over I repeat over.
Roger that.

I support prosecution of corrupt judges and they should fight themselves to expose embezzlement secrets to the public

BUT

What I don't support is the President using these probe cases to divert funds in his current position.

This is a rare observation by Nigerians, the GBP is plunging downwards against all currencies across the world but the value keep rising in this useless good for nothing country called Nigeria.

That will tell you that Nigerians are the cause for their own misfortune.

FetchUK:
The Pounds crashed to a 31 week low this week against all currency. Yet, no signs of even as much of a gain on naira to pounds.

Nigerians and dollar !!!

I asked a girl who sells sugarcane "How much is your sugarcane", she said its now N150. I was like haba its N100 I usually buy. She said dollar has gone up.

I was shocked, what is the relationship between a locally made fruit and dollar. As much as people may try to defend the seller in terms of using imported fertilizer. The truth is that an average Nigerian who sell goods or services will extort you due to the dwindling nature of the economy.

Travelex gets the dollar it sells directly from the CBN, due to Travelex's position in International forex exchange, the CBN went into partnership with Travelex to be the sole distributor of Forex to licensed BDC businesses in Nigeria.

Travelex applied its expertise by utilizing a Biometric Technology system in capturing and disbursing Forex to Nigerian BDC's.

Apart from the CBN's supply to Travelex, the licensed BDC's under Travelex can access other forex channels with good behavior.

This is a step in the right direction, the Government will not cater for the needs of greedy Nigerians so if you have a shop at Alaba and require $40m a week its your problem.

The truth be told, if you pump $500 billion into the Nigerian economy, within a year it will finish so why pump all the $22 billion reserve within a year when we know it will still finish.

Nigerians need to team up and start investing inwards, an average business man at Alaba can import 5 containers of 40 feet China products in a month but he can't build a small factory and train people to manufacture those products.

Travelex and licensed BDC's are now selling N356/$ and not N365/$ as quoted above.
If you are buying dollar any higher then you are being cheated, follow the right channel and buy your dollar at the specified rate.

Travelex have been selling at N356/$ for over two months now, they just opened their selling window to BDCs today.

Exactly

Infinitikoncept:
Lols plus counting machine that has capacity to detect fake currency

The best way to do this transaction is the Italian way that means you both bring the $100K and the naira equivalent in cash inside ghana must go bags and meet up in an uncompleted building.

Remember: Go with your men be equipped with AK47's.
Don't forget to have a sniper on the roof
Thank me later

mukende:
I have an offer to buy $100,000 usd at a good rate. The seller wants to transfer to my dom and I pay naira to her Nigerian account. But she is asking that I transfer first before she wires to mine.
That sounds too risky and I can't do that. Mind, I don't know the seller from Adam though I got the intro from a banker I've worked with a couple of times.
My question is, what are the available options to go about this transaction in a safe way, without being scammed considering the fact that she is not also ready to transfer first? Please advice.

Hmmm.... My brother, my brother

I am speechless.

Just wondering where went wrong during Election

Just give her belle Chikena

If you have low sperm count too just like i read in a thread a few minutes ago, just give me the contract and I will deliver.

Where can I buy cigarette at this time pls?

Nawah oh. Can you advice in detail how you were scammed so that others won't fall victim?

ComicRelief:
Maple exchange will surely regret it till the rest of his life if he fails to return my money.