Naira Crashes To 1,030/$ As Speculators React - Business (6)

Naira Crashes To 1,030/$ As Speculators React - Business (6) - Nairaland

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Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 4:22pm On Nov 07, 2023

YouAreNobody:
I'm concerned because I had the misfortune of being born in this country. While I have a dual citizenship, Nigeria is still my country and I have substantial investments in this shithole, and my investments are the reason I still return to the country, and currently in this country.

Lmao...sell whatever you have and buy dollars na...

We don't need you
Nigeria don't need you

You are free to fuc.k off na... which one be "NIGERIA is still my country" ...abeg get out

We don't need people like you...since you have dual citizenship, do fast sell whatever you have and port to your second country.

Nigeria doesn't stop anyone from leaving , unlike North Korea where you dare not leave the country.

Abeg dey go...

1 Like

Re: Naira Crashes To 1,030/$ As Speculators React by YouAreNobody: 4:27pm On Nov 07, 2023

Kachidubem:
Lmao...sell whatever you have and buy dollars na...
We don't need you
Nigeria don't need you
You are free to fuc.k off na... which one be "NIGERIA is still my country" ...abeg get out
We don't need people like you...since you have dual citizenship, do fast sell whatever you have and port to your second country.
Nigeria doesn't stop anyone from leaving , unlike North Korea where you dare not leave the country.
Abeg dey go...

lolzzzzz.....see mumu. Wetin concern me kwan? Fela said you guys love suffering and smiling and he's 100% right, so......suffer on wink

Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 4:29pm On Nov 07, 2023

YouAreNobody:
lolzzzzz.....see mumu. Wetin concern me kwan? Fela said you guys love suffering and smiling and he's 100% right, so......suffer on

Na your suffer grin

?
Na your smile grin

?
Na your FELA grin

?

Wetin concern you... dey go na.

3 Likes

Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 4:32pm On Nov 07, 2023

YouAreNobody:
I'm concerned because I had the misfortune of being born in this country. While I have a dual citizenship, Nigeria is still my country and I have substantial investments in this shithole, and my investments are the reason I still return to the country, and currently in this country.

Him don go buy the 'DIP' grin

Him don go buy dollar @ 1300 rate grin

Him don dey loose money grin

Him don dey call am investments... grin

1 Like

Re: Naira Crashes To 1,030/$ As Speculators React by Fearyourcreator: 4:35pm On Nov 07, 2023

Kachidubem:
Never ever ... see. How that nigga Don trap him money...

Let now imagine , dollar gets back to 1280 in 5 years time ... so this nigga will have to leave that money dere for 5 years to get back his 8 million...

that thing wey 8 million fit buy now ,in 5 years time , e fit come double or triple in price..lol

Wetin exactly him gain ?

Sha Sha ... Naira is on a project heading for 550/1$ by the time Dangote starts to save us $30 billion... I can't wait for 2024.

God bless Nigeria
God bless Dangote refinery

Dollar hoarders go collect wotowoto back to back

And some want Naira and the economy to spoil to prove yeye point ... Some People no gada for this country

1 Like

Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 4:36pm On Nov 07, 2023

Fearyourcreator:
And some want Naira and the economy to spoil to prove yeye point ... Some People no gada for this country

My man ,the thing tire me... heart of man is truly wicked.

Re: Naira Crashes To 1,030/$ As Speculators React by YouAreNobody: 4:38pm On Nov 07, 2023

Kachidubem:
Him don go buy the 'DIP'

Him don go buy dollar @ 1300 rate

Him don dey loose money

Him don dey call am investments...

lolzzzz....guy I've always had dollar in my dorm accounts, and the bulk of my funds isn't even in this country. I don't need to buy any dip.
Even if naira gets to 2000 to a dollar, it doesn't affect me. I'm only concerned because I still have friends in this country

Re: Naira Crashes To 1,030/$ As Speculators React by Fearyourcreator: 4:45pm On Nov 07, 2023

Kachidubem:
My man ,the thing tire me... heart of man is truly wicked.

Na them go suffer no us ...

Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 4:47pm On Nov 07, 2023

YouAreNobody:
lolzzzz....guy I've always had dollar in my dorm accounts, and the bulk of my funds isn't even in this country. I don't need to buy any dip.
Even if naira gets to 2000 to a dollar, it doesn't affect me. I'm only concerned because I still have friends in this country

You claim , you are concerned for your friends in Nigeria, but you secretly praying and wishing DOLLAR gets to 2000/$1, so that the dollars you have can appreciate

You careless about the hunger and inflation that will hit your friends when that happens... seriously YOUR FRIENDS needs to disown you ASAP

You are pure heartless
Nigeria don't need you... denounce your citizenship if you wish

Fearyourcreator... imagine this guy...smh

2 Likes 2 Shares

Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 4:49pm On Nov 07, 2023

Fearyourcreator:
Na them go suffer no us ...

Amin.

Re: Naira Crashes To 1,030/$ As Speculators React by Fearyourcreator: 4:56pm On Nov 07, 2023

Kachidubem:
You claim , you are concerned for your friends in Nigeria, but you secretly praying and wishing DOLLAR gets to 2000/$1, so that the dollars you have can appreciate

You careless about the hunger and inflation that will hit your friends when that happens... seriously YOUR FRIENDS needs to disown you ASAP

You are pure heartless
Nigeria don't need you... denounce your citizenship if you wish

Fearyourcreator... imagine this guy...smh

Them plenty that don't care so far they are fine... government is no really the major problem but the people who careless when they are not affected
..

1 Like 1 Share

Re: Naira Crashes To 1,030/$ As Speculators React by airsaylongcome: 5:55pm On Nov 07, 2023*

Kachidubem:
Sha dey enjoy the current rate... no Christmas chicken for hoarders

Lol!...I'm good fam

2 Likes 1 Share

Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 5:57pm On Nov 07, 2023

airsaylongcome:
Lol! I earn in USD and sold at 1050 this afternoon. Fluctuations don't affect me. I'm good fam

If you earn in dollars as you claim...no pee

It mostly for those who earn in naira then buy dollar that it affects, not those who earn

1 Like 1 Share

Re: Naira Crashes To 1,030/$ As Speculators React by micxwell(m): 6:35pm On Nov 07, 2023

Sijo01:
Powerless naira
I should have just held on with my dollars jejeje

You've learnt your lessons. I'm guessing you panicked and sold at a loss.

1 Like

Re: Naira Crashes To 1,030/$ As Speculators React by Iamzik: 6:45pm On Nov 07, 2023

Kachidubem:
Never ever ... see. How that nigga Don trap him money...

Let now imagine , dollar gets back to 1280 in 5 years time ... so this nigga will have to leave that money dere for 5 years to get back his 8 million...

that thing wey 8 million fit buy now ,in 5 years time , e fit come double or triple in price..lol

Wetin exactly him gain ?

Sha Sha ... Naira is on a project heading for 550/1$ by the time Dangote starts to save us $30 billion... I can't wait for 2024.

God bless Nigeria
God bless Dangote refinery

Dollar hoarders go collect wotowoto back to back

Dangote fuel will be more expensive than what you are buying right now. Right this down

Re: Naira Crashes To 1,030/$ As Speculators React by airsaylongcome: 7:06pm On Nov 07, 2023

Kachidubem:
If you earn in dollars as you claim...no pee

It mostly for those who earn in naira then buy dollar that it affects, not those who earn

If I was earning in NGN, I would still hold in USD. USD holds value way more than NGN. This recent "appreciation" is short term and unsustainable. It's only a matter of a few months and NGN will return to it's actual market value of at least ₦1200/$. The fundamental reason for Dollar hitting ₦1200 has not been solved by the loan the government is using to "defend" NGN

1 Like

Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 7:16pm On Nov 07, 2023

micxwell:
You've learnt your lessons. I'm guessing you panicked and sold at a loss.

What lesson

How much is dollar now ?

1 Like

Re: Naira Crashes To 1,030/$ As Speculators React by micxwell(m): 7:17pm On Nov 07, 2023

Iamzik:
Dangote fuel will be more expensive than what you are buying right now. Write ✍️ ✍️ this down

👌

Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 7:19pm On Nov 07, 2023

Naira is still gaining strong

While $ is crashin embarassed

1 Like 2 Shares

Re: Naira Crashes To 1,030/$ As Speculators React by Swiftgrp: 7:20pm On Nov 07, 2023

NutritionGuru:
See all the Naira secret: https://www.nairaland.com/7868123/reason-why-fuel-price-naira

Re: Naira Crashes To 1,030/$ As Speculators React by Swiftgrp: 7:23pm On Nov 07, 2023

airsaylongcome:
If I was earning in NGN, I would still hold in USD. USD holds value way more than NGN. This recent "appreciation" is short term and unsustainable. It's only a matter of a few months and NGN will return to it's actual market value of at least ₦1200/$. The fundamental reason for Dollar hitting ₦1200 has not been solved by the loan the government is using to "defend" NGN

Re: Naira Crashes To 1,030/$ As Speculators React by Swiftgrp: 7:23pm On Nov 07, 2023

Kachidubem:
Naira is still gaining strong

While $ is crashin

Re: Naira Crashes To 1,030/$ As Speculators React by Swiftgrp: 7:25pm On Nov 07, 2023

airsaylongcome:
Lol! I earn in USD and sold at 1050 this afternoon. Fluctuations don't affect me. I'm good fam

1 Like 1 Share

Re: Naira Crashes To 1,030/$ As Speculators React by BRATISLAVA: 8:13pm On Nov 07, 2023

airsaylongcome:
Stockholm syndrome I guess. Cos I don't get how they would believe a loan would solve the underlying problem of scarcity. USD is scarce because we aren't earning enough of it. A loan just kicks the can of worms down the road. Dollar is still going to to depreciate to ₦1300 in a matter of months loan or not. What even infuriates me is that they took a loan for consumption! To buy cars and all other kinds of consumption for themselves. And some e-rats are running loose celebrating the "economic genius" of a Tribulation.

Lol @tribulation.

That's why they're sheep—they actually, really believe politicians. And worse still, they can repeat what the politicians said with conviction.

Or maybe they are paid to.

1 Like

Re: Naira Crashes To 1,030/$ As Speculators React by Magnoliaa(f): 9:04pm On Nov 07, 2023

civilserva:
What is Peter Obi doing to stop Naira from clashing?

Co-asked.

Re: Naira Crashes To 1,030/$ As Speculators React by airsaylongcome: 9:15pm On Nov 07, 2023

BRATISLAVA:
Lol @tribulation.

That's why they're sheep—they actually, really believe politicians. And worse still, they can repeat what the politicians said with conviction.

Or maybe they are paid to.

They are paid to. ₦30k a month for the foot soldiers I hear. May have been reviewed to ₦50k with the biting economy. $50 per month to parrot nonsense is the height of it if you ask me

1 Like

Re: Naira Crashes To 1,030/$ As Speculators React by BRATISLAVA: 9:20pm On Nov 07, 2023

airsaylongcome:
They are paid to. ₦30k a month for the foot soldiers I hear. May have been reviewed to ₦50k with the biting economy. $50 per month to parrot nonsense is the height of it if you ask me

Re: Naira Crashes To 1,030/$ As Speculators React by micxwell(m): 9:56pm On Nov 07, 2023

Kachidubem:
What lesson

How much is dollar now ?

It's right there in the topic! And it's presently above that N1,030 you see. If the poster is regretting, they've probably panicked and sold at a loss.

Re: Naira Crashes To 1,030/$ As Speculators React by Kachidubem: 10:15pm On Nov 07, 2023

micxwell:
It's right there in the topic! And it's presently above that N1,030 you see. If the poster is regretting, they've probably panicked and sold at a loss.

Who is selling above 1030

Be deceiving yourself.

It on standby 1010

Stop showing me p2p rates on binance...even scammers put up high rate on p2p binance for competition

Go to Yaba market tomorrow
..no aboki will buy your dollar at 1030

They are buying btw 995/1010

Stop playing
I'm on ground...well informed

Re: Naira Crashes To 1,030/$ As Speculators React by loswhite(m): 2:05am On Nov 08, 2023

ogododo:
If we dey produce for Naija, he for pay us. Look at Japan.

Copy Copy. What is the minimum wage in Japan?

Re: Naira Crashes To 1,030/$ As Speculators React by micxwell(m): 6:51am On Nov 08, 2023

Kachidubem:
Who is selling above 1030

Be deceiving yourself.

It on standby 1010

Stop showing me p2p rates on binance...even scammers put up high rate on p2p binance for competition

Go to Yaba market tomorrow
..no aboki will buy your dollar at 1030

They are buying btw 995/1010

Stop playing
I'm on ground...well informed

Have you considered that the buying rate differs from the selling rate? In Nigeria, a significant portion of businesses heavily rely on dollars for procurement. Typically, more people buy dollars than sell them on a regular day, excluding any potential hoarding. So, what exactly are you saying bro?

The speculation that drove the dollar to N1,300 last week is the same speculation that the Central Bank of Nigeria (CBN) is leveraging to bring it down. By injecting a few bucks into the peer-to-peer (P2P) space, the value of USDT decreases slightly. When coupled with propaganda inducing panic, everyone rushes to sell, resulting in a surplus of supply over demand and a subsequent drop in price.

However, despite these fluctuations, businesses still require dollars that commercial banks are unable to fully provide. Let's not forget, emotions aside, that during the last election primaries, politicians didn't spend a single naira. They only converted money to naira when they needed to grease the palms of their puppets.

While these politicians may be a minority, they exert control over roughly 80% of the country's wealth and finances. Interestingly, they tend to hold their wealth in USD and USDT. The amount of USD/USDT in the hands of the general populace pales in comparison to the reserves amassed by these individuals in their vaults and wallets. It's quite amusing to think that this relatively small portion of foreign exchange could significantly impact the market over an extended period.

Regardless of any policies that may be implemented, until these influential figures decide to sell their dollars, nothing substantial is likely to change, my friend. So just rest bro.

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