Naira Keeps Depreciating Against USD - Business (3)

Naira Keeps Depreciating Against USD - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › Naira Keeps Depreciating Against USD (45968 Views)

Re: Naira Keeps Depreciating Against USD by DrChukki: 2:16pm On Sep 20, 2023

imoh4king:
You earn in dollars? You for just announce euro.

Broke A$s APC supporter... Una suffering never start

4 Likes 2 Shares

Re: Naira Keeps Depreciating Against USD by imoh4king(m): 2:17pm On Sep 20, 2023

Omowale2023:
10,000 pounds=12,000,000

10,000 dollars=9,600,000

10,000 euros=10,000,000

I must resume affiliate marketing and forex trading again. I left those 2, 2 years ago. I need to resume it back. I will not let this opportunity slip away

Bro, you just expressed my mind. Am going back into Forex. Those days, when I conveniently made $50 in two or three trades, it wasn't much to withdraw,

But now,

$50 is almost N50,000.

Bro, Forex here I come.

3 Likes

Re: Naira Keeps Depreciating Against USD by Moscodee1990(m): 2:17pm On Sep 20, 2023

Dive into web 3 now . Might be our saving grace tomorrow.

Wasap on 090 181 509 33
And join my team.of web 3 explorers.

Re: Naira Keeps Depreciating Against USD by jaxxy(m): 2:17pm On Sep 20, 2023

what real work have we done to improve the naira?

2 Likes

Re: Naira Keeps Depreciating Against USD by worksmart(m): 2:18pm On Sep 20, 2023

Best advice is to impeach Tinubu.

Njspark:
This country is messed up they unified the cbn rate with the black market rate yet black market rate keeps going up and the cbn rate is still stable …my advice to the federal government..ban black market rates and withdraw all their license and persecute anyone involved in the operation ..what’s happening is Nigeria is purely greed nothing more

3 Likes 2 Shares

Re: Naira Keeps Depreciating Against USD by yusluvad(m): 2:20pm On Sep 20, 2023

Let the USD earners keep earning in USD, and keep cashing out!

Re: Naira Keeps Depreciating Against USD by Nobody: 2:21pm On Sep 20, 2023

SETHARTHUR:
Freelancing is bae

My guy....sau no more... I bought 3 houses this year alone from freelancing...

2 Likes

Re: Naira Keeps Depreciating Against USD by Rick9(m): 2:22pm On Sep 20, 2023

Why would it not depreciate when we are a consuming nation and the government refuse to invest in it's people.

At this stage Nigeria is still battling common things like hunger and food inflation.

Tufiakwa

3 Likes

Re: Naira Keeps Depreciating Against USD by imoh4king(m): 2:22pm On Sep 20, 2023

DrChukki:
Broke A$s APC supporter... Una suffering never start

Mr. Chuki (Child's play Hero). People who genuinely earn dollars don't make noise.

I know garri is expensive for you to sip these days...but, stay strong, Chuki's bride.

1 Like

Re: Naira Keeps Depreciating Against USD by jojothaiv(m): 2:23pm On Sep 20, 2023

Austindark:
This is the main problem. This should be a reason to protest.

But the Nigerian youths are now allowing themselves to be distracted by Naira Marley's
alleged involvement in Mohbad's death and the politicians will exploit it.

When you see Politicians showing sudden sympathy, just know that they stand to profit something in whatever way.

Re: Naira Keeps Depreciating Against USD by Foodempire: 2:23pm On Sep 20, 2023

Just so you know, small corolla is now 4.7m/5m. So as you change your dollars, you will spend more to buy your dream assets.

Omowale2023:
10,000 pounds=12,000,000

10,000 dollars=9,600,000

10,000 euros=10,000,000

I must resume affiliate marketing and forex trading again. I left those 2, 2 years ago. I need to resume it back. I will not let this opportunity slip away

7 Likes 1 Share

Re: Naira Keeps Depreciating Against USD by visaclick: 2:24pm On Sep 20, 2023

chukkystar:
That's why people are investing in Dollar funds. The Naira just is too unstable

any idea one can invest in dollar, let’s discuss is you have it.

1 Like

Re: Naira Keeps Depreciating Against USD by rexchazy(m): 2:25pm On Sep 20, 2023

JimohMomoh:
Thank God I keyed into Cryptocurrency since 2015 or else the effect of APC Government in my life and family would have been disastrous.

How can I learn please

Re: Naira Keeps Depreciating Against USD by Boldideas: 2:25pm On Sep 20, 2023

Getting it right is easy

The Nigeria Export Promotion Council should be turned into Nigeria Export Promotion and Investment Agency.

The FG can use their discretion in scrapping Nigeria Investment Promotion Council or merge them both.

The Nigeria Export Promotion Council have the database of those who have successfully exported charcoal, cassava chips, cashew nuts, and so on from Nigeria.

These companies can be expanded to create a paradigm shift from focus on oil to agro processing and other commodities for export.

This will increase our forex earnings, and also create massive jobs employment opportunities for all Nigeria youths both the employable and unemployable ones and boost tax revenue in all ramifications.

They have succeeded in whatever by exporting their products out of Nigeria, partnership with the Federal Government for business and industry expansion should be strategized for industrialization and economy boost.

It is God's wisdom that Joseph used to save Egypt from famine, only wisdom can save us now.

Peace!!!

4 Likes 1 Share

Re: Naira Keeps Depreciating Against USD by DrChukki: 2:27pm On Sep 20, 2023

imoh4king:
Mr. Chuki (Child's play Hero). People who genuinely earn dollars don't make noise.

I know garri is expensive for you to sip these days...but, stay strong, Chuki's bride.

Bro, are you in Abj let me host you... If you see me I know you can't talk... Na NL cause am.

If you get moral, hit me up let's meet.

If I look broke, snap me and post me on your social media...

5 Likes 2 Shares

Re: Naira Keeps Depreciating Against USD by Boldideas: 2:27pm On Sep 20, 2023

Getting it right is easy

The Nigeria Export Promotion Council should be turned into Nigeria Export Promotion and Investment Agency.

The FG can use their discretion in scrapping Nigeria Investment Promotion Council or merge them both.

The Nigeria Export Promotion Council have the database of those who have successfully exported charcoal, cassava chips, cashew nuts, and so on from Nigeria.

These companies can be expanded to create a paradigm shift from focus on oil to agro processing and other commodities for export.

This will increase our forex earnings, and also create massive jobs employment opportunities for all Nigeria youths both the employable and unemployable ones and boost tax revenue in all ramifications.

They have succeeded in whatever by exporting their products out of Nigeria, partnership with the Federal Government for business and industry expansion should be strategized for industrialization and economy boost.

It is God's wisdom that Joseph used to save Egypt from famine, only wisdom can save us now.

Peace!!!

1 Like

Re: Naira Keeps Depreciating Against USD by article1: 2:29pm On Sep 20, 2023

Dollar scarcity you just said, who are the people hudding the dollars, isn't the politicians, who are the owners of the bureau de change, ate they not the ones? If you doubt me ask Aisha Buhari

5 Likes

Re: Naira Keeps Depreciating Against USD by MS247: 2:29pm On Sep 20, 2023

Foodempire:
Just so you know, small corolla is now 4.7m/5m. So as you change your dollars, you will spend more to buy your dream assets.

Buy Innosun, Peaguet Nigeria, and locally assembled Nissan

1 Like

Re: Naira Keeps Depreciating Against USD by Alvin212(m): 2:30pm On Sep 20, 2023

pocohantas:
Tinubu's government is favouring me and my family. I hope it is favouring his minions too.

I needed to change some FX to pay my cousin's fees. In the three days I took to make up my mind, it added almost N15. I was really impressed with Tinubu. Many remote workers would buy GLE at the rate FX is going.

When I started remote work, dollar to Naira was N535 or thereabout. Almost 2 years later and it is almost double of that. So even if my pay didn't increase, I am automatically earning double. Same with Pounds. If you were earning $1000 and still $1000, you are getting approx 1m a month. No way you can't live, save and invest WELL on 1m a month.

If Tinubu comes for second term, I just might vote him. He is my sureman.

I know you're craving for my BBC

1 Like

Re: Naira Keeps Depreciating Against USD by Illegal1(m): 2:32pm On Sep 20, 2023

SETHARTHUR:
Freelancing is bae

omoh,.......senior boy abeg try link me up nah

Re: Naira Keeps Depreciating Against USD by MT: 2:33pm On Sep 20, 2023

Warmaterial:
Na people wey dey abroad dey enjoyam pass hahaha!!!!!!

That's not true. They are accessing the same market with it's attendant inflation, and their money kept in the bank in naira in Nigeria is losing value as well.

2 Likes

Re: Naira Keeps Depreciating Against USD by Reference(m): 2:35pm On Sep 20, 2023

Expect supporters of the government to come shine the light on what is happening.... what the government they so vociferously back on everything under the sun is doing.... alas.... none.

That is how Nigeria rolls. It is never about ideology.... just sentiment.... that vanishes under heat.

5 Likes 2 Shares

Re: Naira Keeps Depreciating Against USD by jeromestarks: 2:36pm On Sep 20, 2023

Austindark:
This is the main problem. This should be a reason to protest.

But the Nigerian youths are now allowing themselves to be distracted by Naira Marley's
alleged involvement in Mohbad's death and the politicians will exploit it.

When you see Politicians showing sudden sympathy, just know that they stand to profit something in whatever way.

Protest na. You go die like chicken. Shet you no get sense. Ewu.

Re: Naira Keeps Depreciating Against USD by RepoMan007: 2:36pm On Sep 20, 2023

This whole thing ain't funny o. N1000 is withing reach suddenly. I hope Dangote refinery fires soon otherwise other wisdom will be needed.

Re: Naira Keeps Depreciating Against USD by ArcSEMPECJ(m): 2:38pm On Sep 20, 2023

The only wide option is to start looking for dollar paying jobs ......

Naira has crashed bitterly under Hausa Fulanis and Agbado Yoruba successive governments......

How can you leave the business economy of NIGERIA out of the game and think you will flourish greatly huh

?
Time will tell anyway......ahead ahead

1 Like 1 Share

Re: Naira Keeps Depreciating Against USD by lalalista: 2:38pm On Sep 20, 2023

MS247:
I tell you

Earn money in Dollars and you are a big boy

Since floating of Naira I dey pray for Tinubu every day

Earn dollars and stop complaining

Start Forex trading
Start Affiliate marketing
Start freelancing
Publish an Ebook
Make YouTube video
Create a blog
Become a Digital assistant
Become an online customer care
Become a graphics designer

.

please how do I join any of these?

Re: Naira Keeps Depreciating Against USD by Kamalex22(m): 2:39pm On Sep 20, 2023

Everything Naira is naira marley, it's the time we have to change our currency or naira marley change his name to ordinary MARLEY

Re: Naira Keeps Depreciating Against USD by ElSudani: 2:39pm On Sep 20, 2023

sotall:

If Tinubu likes, he can appoint his ethnic group to head all the financial institutions in Nigeria and if possible all the commercial banks, Naira will continue to fall as Nigeria continues to fail and fail.

No be swear, you cant plant nepotism and expect to reap growth and success.

If you channel this energy into making something you and your neighbors can use you would have done your own bit in support of the naira.
All these cries on the internet is not going to help no matter who is in Aso rock.

1 Like

Re: Naira Keeps Depreciating Against USD by Kaiser20: 2:40pm On Sep 20, 2023

According to the busybody self-acclaim Twitter commentator Reno Omokri naa Igbos caused the naira fall.

1 Like

Re: Naira Keeps Depreciating Against USD by MT: 2:40pm On Sep 20, 2023*

DevilSignature:

Where are those nairaland agbado urchins?

They should come forward and clearify us why things are this rough in this country else thunder will fire them all

I am one of them and thunder will first fire the illiteracy in you before it eventually strikes you.

You expect this govt to be subsidizing the naira against dollars and strangely still you are yearning for infrastructural development? You are expecting foreign investors to come into Nigeria to mop up your unemployed graduates when the foreign investors won't get the true worth of their dollars if Nigeria is still subsiding naira against dollars?

You can't eat your cake and still have it.

That is the true value of the Naira against the dollars, deal with it. Nigeria needs to quit pretending that Naira is improving against dollars through underlying subsidy. The country will go bankrupt at a point in time.

Now that we all know the problems, all hands must be on deck to reverse the tide. Change your insatiable appetite for foreign goods. Govt should patronise more home grown goods too . They should stop jamboree trips to abroad in the name of seminars. Refineries should work. Agriculture must be encouraged.

Stop using naira to chase dollars.

2 Likes 1 Share

Re: Naira Keeps Depreciating Against USD by MS247: 2:41pm On Sep 20, 2023

lalalista:
please how do I join any of these?

Go to Upwork. Com

Register as a freelancer with all your skills

Then start looking for gigs

It's as simple as that

And if you don't have a digital skills, download Sololearn app, or Google coarse or Udemy to learn a skill

.

1 Like

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