ogododo:


https://dailytrust.com/dollar-hits-all-time-low-crosses-n1500-at-official-market/

But GTB is still buying at 1,450. Abi official doesn't consign them.

Nah bruv! This shit ain't funny. I see this dollar hitting 5k by December at this rate. APC zombies ụna well done o

abhosts:
Who exactly is benefiting from an ever falling Naira? What kind of cruelty is this? In 2019, a friend of mine based in the US invested $200,000(N72,000,000 at that time) into Nigerian real estate. Now his investment is valued at about N200,000,000($135,000). Despite the fact that his naira investment tripled in value, it was still not worth it from a dollar perspective. He is now regretting his decision because he would have been better off just leaving his $200k in the bank when you consider it is now worth 32 percent less. This is an example of foreign investor they claim to be courting.

People benefiting are Nigerians abroad who choose to stash their money in dollar abroad and not invest a single kobo in Nigeria but would rather invest abroad.

Dude i send $400 to my parents monthly which isnt up to 300k before this crazy increase. With this, i send $200 and save $200. So their money increased to N300,000 monthly. Tell me its not in my favor

MT:


How does this help you?

Wont you but expensive things from the same market ?

Value before figure, my man

2021 my cousin in US sent me $50, I collected the $50 from the bank then went to aboki to change, and changed it to #21,500,
Now this same cousin sent me again #50 for birthday gift, but I could not collect the dollar to change but guess what, that same $50 is now #73,000 that's triple what it used to be 3yrs back, that's how bad it is.

Treadway:
exactly oo

Obi would be the most stupid person on earth, to willingly want to put himself in this kinda mess that his isn't a part of.

Eleru lo ye ko gberu e.

APC that put us in this position should kuma continue till they fully bury the country, so that history will tell and show how they were the end of Nigeria.

It is best left to imagination where Nigeria would be by 2027..why the hell would he want that kind of wahala?

If I were him, I would sit on the sidelines and watch them destroy everything patapata. Las las these bastards have forced me into a position where i have to flee from this country, but wherever I am on this God's green earth, if I still dey by 2027, I will come back to vote APC again just for the fun of it. Let me see the bastard that will query my choice then.

Inside life.

They want to do everything except attack the root cause

It seems all politicians are benefiting from the rot hence the lack of will to fix it

Juniorangel:
2021 my cousin in US sent me $50, I collected the $50 from the bank then went to aboki to change, and changed it to #21,500,
Now this same cousin sent me again #50 for birthday gift but I could not collect the dollar to change but guess what, that same $50 is now #73,000 that's triple what it used to be 3yrs back, that's how bad it is.

So, in 3 years, you no gree make am be that?

Kukutenla:
Ah!!
Official market is now worse than parallel market
Which kind wahala be dis?
So who is funding the parallel market for it to have such stability?

At this rate, technically, 95% of Nigerians survive on $1 a day. How many Nigerians eat 45k of food in a month?

hustla:


So, in 3 years, you no gree make am be that?

Be careful how you mock people. In our hearts, no one knew country would be this hard.

If they send me $20 I will collect. No shame.

usagee36:
Dude i send $400 to my parents monthly which isnt up to 300k before this crazy increase. With this, i send $200 and save $200. So their money increased to N300,000 monthly. Tell me its not in my favor

I don't see anything funny in what you sent.

You are still focus on the figure, instead on the value.

Value is stored in money.

The 200USD you are sending to your parent, that now translates to 300k cannot get the same items that your parents were buying using the previous 300k (400 USD) to get.

You ought to be sending 500 USD to your parents now if you want them to afford exactly what they have been getting with your 400USD (300K naira).

I hope you can relate to the economics behind my explanation.

/

I believe that it is a fair game because everyone is shopping from the same market. This is a bitter pill for some online braggarts to swallow. Poverty is an equal opportunity leveler. We won! They lost! Oya carry your party card go market go price something

/

falopey:
People benefiting are Nigerians abroad who choose to stash their money in dollar abroad and not invest a single kobo in Nigeria but would rather invest abroad.

How does that benefit them?

One dollar abroad is still one dollar.

I cannot relate with your illustration.

SuperEagles:
Make God help us before mother finish selling sons to feed.




Seun Nlfpmod Fergie007 mydd44

I hope when I reply igbos mothers as olosho Fergie007 will not ban me.

I have reported 3 igbos today calling other mumu n lunatic none of the was banned instead they were quoting n further insulting me. I am not call you to correct any just posting so the world can see the hypocrisy of you Igbos n seun new Igbo mod.

You ban Yoruba over a year for replying Igbo insult with mumu but Igbos go about calling everyone they like mumu n even, calling mothers olosho without ban. Continue with your hypocrisy.

I am not supporting them (Igbos) using insultive words. Most of them lack good home training


But are you any better?


If God shld take ur life now, can you make heaven?

Remove the log in ur eyes 👀 before you see clearly to remove d dirt in your neighbors eye 👁️

Can you vow b4 God that you have not called out the Igbos b4 now?

75k weekly is a enough two people. Also add to Canadian dollar my 3 other siblings send to them every 2wks.

MT:


I don't see anything funny in what you sent.

You are still focus on the figure, instead on the value.

Value is stored in money.

The 200USD you are sending to your parent, that now translates to 300k cannot get the same items that your parents were using the previous 300k (400 USD) to get.

You ought to be sending 500 USD to your parents now if you want them to afford exactly what they have been getting with your 400USD (300K naira).

I hope you can relate to the economics behind my explanation.

Winning123:


You are the one with empty head. With the floating of the Naira foreign investors can come in and exit at anytime. The different rates was a scam before. And a time will come, when all those people who are arbitrary increasing price would not be able to do so. Consumers would always look for alternative.

What a post. 🤦 Never seen a more gullible post.

Crypto traders be enjoying on the regular

We are progressively marching into extinction.

faceland:


Be careful how you mock people. In our hearts, no one knew country would be this hard.

If they send me $20 I will collect. No shame.

I asked him a simple question.. plus people with functioning brains knew it would turn bad

I mean, you cant go from a useless buhari to tinubu, who offered nothing during his campaigns, has a history of being a drug dealer, forged his certificate and made serious gaffs during his campaigns and you'll be expecting miracles

IduNaOba:
Tinubu must complete his 8 years o
Then the north can have power again.
Let no igbo man near that seat o
Even me sef won't support Peter Obi.

The south West must finish this 8 years.

that is why we can't move forward in dis con3 no let any igbo man near presidency can you imagine and we called ourselves one why

usagee36:
75k weekly is a enough two people. Also add to Canadian dollar my 3 other siblings send to them every 2wks.

Now you have broadened the context.

I responded to you based on the information you earlier provided.

Now that you have brought Canadian, Malaysian, British into it, I rest my case.

Hmmmm....dollar or naira?

In time like this, monetary policies should be stopped, then sit and watch how the economy adjust itself. The cbn should stop aggravating the economy

drehdinho:



I doubt if you people shouting Obi are aware he’s one of the corrupt leaders. You people should stop fighting the wrong cause. You won’t listen.

Your immediate eastern governors are they not stealing your resources right now ? Is the same thing not happening across the country regardless of the tribe ?

So what’s the issue exactly with you idiots? Can’t you apply sense to know this is not a tribal war. Our common enemy is the leader that fails to deliver.

Free yourself from tribal and mental slavery.

Yet u are berating him from a myopic stand point of ethnoreligiouscentricism... There's practically no way Tinubu can be a better administrator than Peter Obi or Osinbajo. Both are definitely not saints but can never be as disastrous as Tinubu and Buhari. Common sense! Now get lost with ur emotionally unstable bigotry

Treadway:
exactly oo

Obi would be the most stupid person on earth, to willingly want to put himself in this kinda mess that his isn't a part of.

Eleru lo ye ko gberu e.

APC that put us in this position should kuma continue till they fully bury the country, so that history will tell and show how they were the end of Nigeria.

It is best left to imagination where Nigeria would be by 2027..why the hell would he want that kind of wahala?

If I were him, I would sit on the sidelines and watch them destroy everything patapata. Las las these bastards have forced me into a position where i have to flee from this country, but wherever I am on this God's green earth, if I still dey by 2027, I will come back to vote APC again just for the fun of it. Let me see the bastard that will query my choice then.

I am building a ML model that will predict the future value of naira using past data (past time fun). Will share the results in two weeks.

abhosts:
Who exactly is benefiting from an ever falling Naira? What kind of cruelty is this? In 2019, a friend of mine based in the US invested $200,000(N72,000,000 at that time) into Nigerian real estate. Now his investment is valued at about N200,000,000($135,000). Despite the fact that his naira investment tripled in value, it was still not worth it from a dollar perspective. He is now regretting his decision because he would have been better off just leaving his $200k in the bank when you consider it is now worth 32 percent less. This is an example of foreign investor they claim to be courting.

Damn! This illustration is heart wrenching

Congratulations to all APC supporters and Kudos to all Batists, for they shall now have 1dollar for 1 naira. Please, clap clap!!!!Congratulations to all APC supporters and Kudos to all Batists, for they shall now have 1dollar for 1 naira. Please, clap clap!!!!...

How much naira was printed?

Tinubu, Minister of fin and Cbn governor go kill naija finish

[quote author=Kukutenla post=128433323]Ah!!
Official market is now worse than the parallel market
Which kind wahala be dis?
U sure say no be fake dollars u dey see so?