thebosstrevor1:


.

a laptop cost $20 as an example . You can’t buy that laptop with your naira. You buy $20 worth of dollar for 700 naira each. How much will you sell this laptop when it arrives nigeria?

MITCHELL96:



I swear bro, We go use BET make am


Make league just resume, my millions still dey my Bet account.

how una dey take do m

If it is that easy everybody would be importing.
Nobody would willingly hike the price of their goods far above market value if they want to sell quickly as most importers want to sell their goods fast to take their profit.

thebosstrevor1:


One of the thing i don't understand is this.

Importers have increase the price of their goods. when buying a new consignment, they source dollar from the black market maybe for 700, then use the official exchange rate to buy their goods through Domiciliary accounts

When thos new consignment are imported, they *3 double the price.

Never knew it will get to 700. Even if you save in dollar it won't save anyone from paying for high costs of goods and services in Nigeria.

Don't invite only him o, invite people that promised to bring #1=$1. God will see us through.

Oloripelebe:


Official exchange rate?...you have to source for the currency at the black market bro.

It was a mistake

Rahkman:
Na 1k e go reach before october....by then I go cash out my dollars for bet365 wey the value just dey increase like cryptocurrency

How do you deposit and withdraw.. I love that bookie

christejames:
Emefiele is a huge disappointment...

A sound mind who was later turned an economic neophyte after hobnobbing with the evil people in APC.

Emefiele was never a sound mind. He was an ordinary deposit mobilizer in Zenith Bank.

thebosstrevor1:


.

If the importers are buying dollars from the black market, then they are paying for their goods at the black market rate, not the official exchange rate.

Konjiboii:
Remember when they said they will make the value of $1 to N1 and zombies swallowed it up.

That moment I knew people when get sense for this country we no reach 5

They can still make $1 = N1.

Here's the trick $1 gets to N1000, then they do redenomination by removing three zeros like Ghana did. Voila $1 = N1 Funny things is APC zombies and urchins will still jubilate at this bizarre policy gymnastics!

Fire Emiefille

Close down Zenith bank and transfer its assets
Fire the Finance minister

Reduce MDA's by half

Collapse the entire senate

Run only the FHR but on civil service structure
not more than grade level 15.

Collapse ministeries to 6

No more minister for state
Collapse NNPC to 2 with only two sub units each

FAC returns to states with each state paying maximum of 20% to the centre

Merge states that cannot survive on their own
to form a more functional block.

Jail every governor, executive and legislator that cannot account for disbursed funds from both our Excess Crude Account and every Abacha loot or stolen funds repatriated back to Nigeria.

Dim08:
Hey guys,

It is with mixed feeling that I receive the news of our naira devaluation. I feel bad because this will certainly affect the cost of goods but I am happy at the same time because I also earn in dollars with Amazon KDP.

Many Nigerian youths only use their phone to surf the internet, read gossips and chitchat but the smart and wise youth are cashing out BIG time with Amazon KDP

I keep getting royalties in dollars for the low contents books I publish.

You don't need to be an avid reader or great writer to publish books.


All you need is to know what and what to put together and start making dollars.

Abeg link me up with the online business to do with my phone bro...

Brookdcook:
Vote APC 2023 for continuous assessment

Tbh, I feel like voting APC again to punish some people


We must sign a petition to allow Buhari run for a 3rd tenure

Where them zombies campaign for agbado and cassava?

How much be dollar for una end??

They gave you money and stamp your generation to everlasting penury

It shall never be well with people selling this blind BAT to Nigerians
Never again!!
Nigerian youths arise
We will not survive the next 8 years if we make another mistake
Naija is SINKING !!!

Savings for bank just lose value finish. I should have listen to myself and converted.

Clueless senators in clueless government under clueless president in clueless country, ready to vote another clueless person. Pls don't BAT me with acids.

ignis:
Dull and Dumb senate. Keep approving extravagant multi billion dollars borrowing request and be inviting Emefiele for questioning.

By the time Buhari finish with Nigerian economy, Zimbabwe will be better.

,i was shocked when i saw on the news that zimbabawe has given up on the paper note and has started selling coins with the hope to start producing them locally in the future

ijustdey:


https://punchng.com/breaking-senate-to-invite-emefiele-over-naira-devaluation/

. This what our leaders and our politicians have done to us. We keep devalueing our Naira in order to satisfy the loan conditions of the western world not minding the effects on the innocent masses.Yet about 23 want to be the Nigerian president with none of them a genuine Mezziah of the masses! Whom did we offend in this country? Why are we where we are now? Has there been a curse on this country? 700 Naira to a Dollar!

Mumu meeting,e go still reach ₦1000

ignis:
Dull and Dumb senate. Keep approving extravagant multi billion dollars borrowing request and be inviting Emefiele for questioning.

By the time Buhari finish with Nigerian economy, Zimbabwe will be better.

You are funny, do you think we are better than Zimbabwe now?

kevoh:

They can still make $1 = N1.

Here's the trick

Please delete this comment because they might actually copy this. These guys don't know anything, they usually do trial and error, they can just copy a post on Twitter or Nairaland and implement to see what happens. I've seen this before

Buhari put someone who can't stabilize the value of his APC membership ID card to in charge of CBN and now everything went up in ruin.

Develop the institutions such as Education, Health, Agriculture and other vital ones to first class and create huge demands for the products of these institutions thereby strengthen the Naira (₦), una no gree. You useless leaders with low IQ aren't ashamed of sending your children to schools in other countries, using and enjoying the social amenities of other countries. No wonder, Africa is looked down on and the idiotic leaders treated as puppets. Nobody in UK gives a damn whether the idiots are President, Vice President, leaders & members of the National Assembly, Ministers etc. Look at the shit Ekweremadu is facing now. A Country is doomed when you have idiots and puppets of the West or China as leaders because their loyalty is to their puppet master. Q.E.D!

LAUSUG15:


What you wrote is a total scrap. How will you put dollar in dorm account and use official rate to to buy goods through dorm acct?

He doesn't understand how the form M works

Too late .

1,000 December loading...

Buhari should be impeach immediately

Acidosis:


Tbh, I feel like voting APC again to punish some people


We must sign a petition to allow Buhari run for a 3rd tenure

Sai baba till 9076 anybody when complain arrest am

Aurielfinizu:
Today I took a rider to wuse to buy but he ddnt see

Exactly what I’m saying..
I won’t be surprised if some banks don’t have USA dollars..

DroppingLiquid:

Please delete this comment because they might actually copy this. These guys don't know anything, they usually do trial and error, they can just copy a post on Twitter or Nairaland and implement to see what happens. I've seen this before

Omoh anywhere I see you one bottle for you .

Nigeria na copy and paste country

Hmmm