PissInside:
It's actually favouring we online earners.

I sold $100 Bitcoin yesterday and got 86,000.

WAPINATION:


Exactly! it just shows again how gullible and clueless Tinubu and APC government has always been because common sense should have employed them not to do all these at once but no they just want people to hail them for signing and approving things and policies they don't really understand how to manage the ripple effects, same way and pattern Buhari took and landed the country into big mess. If they continue like this it may bring the end of Nigeria..ooo Master at grabbing power by all means but woeful in proper governance.

Jeremesmart:
All those ogas wey dey shout "there's no difference earning in ($ € £).., inflation go chop am or make am look useless,...una funny die

The rate at which u own online is not fixed like those pale looking monthly wages the government/private bodies are paying....the rate at which u earn online is faster n more promising....

Yes after earning online($), u go spend am in naira buh there's a difference, monthly salaries n wages are fixed but online earnings aren't (wether it's an active or passive online earning, it's more rewarding than what is being offered here by the government).

Yes o you can withdraw ur dollar earnings, convert am to naira n then inflation affect am. U go see shege o.......buh the ones wey dey earn locally here go see premium shege

It is well for naija our father land...(who know if our father never sell the land self)

NwaNimo1:

https://www.reuters.com/markets/currencies/nigerias-naira-hits-record-low-black-market-ahead-central-bank-meeting-2023-07-20/?rpc=401&

jrusky:
Sorry if I might misunderstood you but what I'm saying everything in Nigeria at the moment requires mad approach to get things works.
Security
Economy
Education
Employment
Infrastructures
Infact everything need mad approach with zero nonsense regardless....

Fujiyama:


^^^
On the contrary, what is needed is integrity and sincerity of purpose. And the current administration lacks both.

You cannot remove 'fuel subsidy' that affects ordinary Nigerians and keep government convoys with over 100 vehicles at a go. It makes no sense.

You cannot remove 'fuel subsidy', 'unify exchange rates' etc. and then leave key reports & white papers on public sector reform to continue gathering dust in some rusty old cabinet somewhere.

The current administration does not have the ability to lead by example in these difficult times. It just doesn't. And so...while ordinary Nigerians will be taxed and billed to the gills, BAT and his crew will continue to have ALL their expenses borne by the public purse. Does this make sense?

Nigerians will learn the hard way.

jrusky:


Here we go I never knew you are one of them the obiduent nay sayer with fossil smoke intellectual capacity.

Sorry for engaging you in sane discuss first, however, your Emperor will never rule Nigeria and that is done and sealed.

Good evening....

oxiide22:
help me with 5k bro

papiilo:
CONFESSION! Confession!! Confession!!!
Good afternoon sir Rontolo, I write this to confess my sin and seek your forgiveness and all other members that are following this wonderful thread.
I am so sorry sir, i hereby confessed that with deep sincere remorse that actually I'm d one operating the following account
oxiide22
papiilo
ezeeboiy
segaloo

please I need your forgiveness sir as God is forgiven and I promise that I will never use alternate account again.

Actually what lead me into this mess is that sir actually i am a student of a university who lost his school fees to betting that's how my problem started my journey to begging sir my parents give me school fee but greed lead me to betting site and I lost all and I don't have concrete job

that's what lead me to use alternate account to raise my school fees but even with that i was unable to get that uptill now I'm still struggling to get the remaining 5k to complete my school fee that I lost which lead me to use alternate account. please forgive me sir Rontolo I will never do that again

please I want you to consider me please for the sake of my confession and for the sake of my plight sir please bless me help me 0628362389 Gtbank

jrusky:
Here we go I never knew you are one of them the obiduent nay sayer with fossil smoke intellectual capacity.

jrusky:
Sorry for engaging you in sane discuss first, however, your Emperor will never rule Nigeria and that is done and sealed.

OneMillionBTC:
See, provided there is still arbitrage between the official market rate and black market rate, someone is taking advantage of Us.

If I can buy from banks at say 750, I will want to quickly sell to black market at 840. Even with a 90 naira arbitrage, I will gain 90 million naira if I sell one million dollars today.

I don't know why CBN is behaving funny like they don't know our political leaders can use this or are even using this gap to their personal selfish gain.

The solution to this is to allow everyone buy and sell dollars at the bank. If we have access to dollars at the official bank rate, no body will go to black market selling at a higher price. This will force the black market rate to come down very close to the official rate.

If we have any arbitrage between the two markets, the highest gap should be 5 naira..... My take

NwaNimo1:
Shege Pro Max Month 2.....

Coconunu:
Facebook account for sale....10years
Chat me up let's transact
WhatsApp number**08108079681✌️

salem1996:


You can never have a great country without good leaders. Your problem is accepting the TRUTH that whoever voted for TINUBU did it either on tribal sentiment, religious reasons or self-related interest. Read the highlighted and see how contrasting your comment looks like. How does one who expects hardship suddenly hope for greatness? We expect greatness while enduring hardship and not the other way round.

Again, judging by the leadership we have now, This is what your comment actually looks like; WITH RED OIL AS WATER, A STAIN ON WHITE CLOTH WILL BE REMOVED

post=124577659:

The banks created this arbitrage to make money. They are the ones encouraging black market.

004gist:

not the banks but the government.
see this problem came from the excess borrowing Buhari did.
as at today Nigeria external debt is 42 billion dollars.
Remember that OBJ... God bless him. Nigeria dont know what that man did for them.. he assembled a sound economic team and negotiated for debt relief which they got 18 billion loab forgiven and they paid 18 billion.

then slowly Nigeria government stated Borrowing... from China, EU, World banks etc. and this comes with debt servicing
almost 80 to 90 percent income is used to services this loans and not to talk of subsidy payments.... that's why they had to remove subsidy.

The government don't have fx to pump into the bank to meet foreign needs. this brings the arbitrage you talked about

77up:
You all voted for Obi because of tribe and religion, funniest part is , same you people are everywhere online blaming others for what you all actually did . One will think it's the message from Obidients watsap group 😂

For the record, I voted for Asiwaju Bola Ahmed Tinubu GCFR and I never regret it.

salem1996:


I am a northerner by tribe and a Christian
. My Vote for Obi was purely on integrity level and genuine interest in the people's growth. From campaign levels and allegations on the candidates, if you love honesty and truth, your candidate is far from making a candidate talk of winning the election

77up:
You voted based on religion and that was the truth.

salem1996:


Even if Tinubu was my pastor, as far as he remains the way he is with allegations and consistent bluffing during campaigns, my conscience won't let me vote him sir

77up:
Ok that was your choice and opinion, you people can respect other people's choice and opinion.

Obi and Atiku are never a saint too.

salem1996:


For sure they are not, But every choice has its consequences and it is good to weigh the consequences before choosing. If Tinubu is the right choice for you, then clap for him but do not attack those who opposes him since they did choose him

004gist:

not the banks but the government.
see this problem came from the excess borrowing Buhari did.
as at today Nigeria external debt is 42 billion dollars.
Remember that OBJ... God bless him. Nigeria dont know what that man did for them.. he assembled a sound economic team and negotiated for debt relief which they got 18 billion loab forgiven and they paid 18 billion.

then slowly Nigeria government started Borrowing... from China, EU, World banks etc. and this comes with debt servicing there was even one time they wanted to borrow 30billion dollar before covid-19.. it was Saraki led Senate that blocked it.

almost 80 to 90 percent income is used to services this loans and not to talk of subsidy payments.... that's why they had to remove subsidy.

The government don't have fx to pump into the bank to meet foreign needs. this brings the arbitrage you talked about

when voting in any one into the position of president most especially Nigerians most look beyond tribes and religion and vote sound minds.... truth be told the past administration over borrowed and i doubt if they listened to professional advice or just advice from criminals who want to loot and don't care for Nigeria