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.

Why would any right thinking Nigerian living abroad want to invest in 9ja right now? Are you in the business of losing money?

JOBLESS NIGERIAN YOUTHS WHO CYBERBULLY IWOBI.

THE SAME DATA YOU USE TO BULLY IWOBI SHOULD HAVE BEEN USED TO FIGHT YOUR POLITICIANS WHO HAVE RUINED YOUR FUTURE.

AH! YOU SAY GOD FORBID.

DEY PLAY.

IF YOU HAVE TRAVELING AMBITION YOU WILL UNDERSTAND BETTER. BY THE TIME YOU CHANGE YOUR MILLIONS OF NAIRA AND GET 1K DOLLAR YOUR HEAD WILL RESET.

SINCE FOOTBALL IS MORE IMPORTANT TO YOU THAN YOUR FUTURE, I SAY WELDONE.

KEEP ABUSING IWOBI AND KEEP WATCHING EMI LO KAN AND HIS GUYS RUIN YOUR LIVES COMPLETELY.

JOBLESS IDIOTTS!

Tetraozonaitera:
JOBLESS NIGERIAN YOUTHS WHO CYBERBULLY IWOBI.

THE SAME DATA YOU USE TO BULLY IWOBI SHOULD HAVE BEEN USED TO FIGHT YOUR POLITICIANS WHO HAVE RUINED YOUR FUTURE.

AH! YOU SAY GOD FORBID.

DEY PLAY.

IF YOU HAVE TRAVELING AMBITION YOU WILL UNDERSTAND BETTER. BY THE TIME YOU CHANGE YOUR MILLIONS OF NAIRA AND GET 1K DOLLAR YOUR HEAD WILL RESET.

SINCE FOOTBALL IS MORE IMPORTANT TO YOU THAN YOUR FUTURE, I SAY WELDONE.

KEEP ABUSING IWOBI AND KEEP WATCHING EMI LO KAN AND HIS GUYS RUIN YOUR LIVES COMPLETELY.

JOBLESS IDIOTTS!

Don't mind them, jobless lots. The country is on fire, and they are busy rat.

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

300k in 2023 has more value than 300k in 2024. What you can use 300k to do last year, you will need like 500k to do the same thing presently. If you can still afford it, increase the amount you send to your parents back to $400

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.

I personally consider investing in Nigeria while living abroad( in the West) more a case of giving back to the society what the society gave to me and not necessarily for economic reasons.
If i want to invest in properties for economic gains , i will rather invest in certain selected Western european countries.

Kpartners:
“I do not want Peter Obi to ever become the president of Nigeria again. I know he has a saviour complex thinking he can still salvage Nigeria.

They are going to leave a carcass of a nation for him to come fix when they have plundered it to a wasteland. Then blame him for not waving a magic wand and fixing sh!t overnight.

Peter Obi warned everybody the last election was a f!ght for the survival of the country...Agbado people labelled him a divisive b!got.

Peter Obi should actually retire with his beautiful Aunty Maggie and let who wants to p£rish...p£rish! 🤷🏾‍♂️”

3 bottles of Azul for you sir. You have spoken my mind. Peter Obi should resign from Nigeria politics Asap.
I don't want him to be blamed at the end.
APC have sink this country.

Kpartners:
“I do not want Peter Obi to ever become the president of Nigeria again. I know he has a saviour complex thinking he can still salvage Nigeria.

They are going to leave a carcass of a nation for him to come fix when they have plundered it to a wasteland. Then blame him for not waving a magic wand and fixing sh!t overnight.

Peter Obi warned everybody the last election was a f!ght for the survival of the country...Agbado people labelled him a divisive b!got.

Peter Obi should actually retire with his beautiful Aunty Maggie and let who wants to p£rish...p£rish! 🤷🏾‍♂️”

3 bottles of Azul for you sir. You have spoken my mind. Peter Obi should retire from Nigeria politics Asap.
I don't want him to be blamed at the end.
APC have sink this country.

abbey621:


Why would any right thinking Nigerian living abroad want to invest in 9ja right now? Are you in the business of losing money?

Investment is not only for economic gains, sometimes it is a case of giving back to the society what the society gave to you.

Maybe I should educate some of You, presently Nigeria cannot afford to use naira to defend dollars again, there is no money to pay subsidy again. Jonathan government wasted 30 billion dollars,the foreign reserve was 55 biilion dollas when he came,he left sparing 28 billon dollars. Buhari as incompetent as he was,he added 5 billion dollars to the reserve leaving 32 billion dollars.

@ SSpeter

Don't stress yourself explaining it to him - Not everyone knows mathematics.

SSpeter:
you are wrong and do not understand what he wrote...you invest 200k USD which is 72m in Naira @360 as at today the value of the investment is 200million Naira; however Naira has devalued from 360-1500 against the dollar. Hence, the real estate worth is 200million/1500naira which gives you 133k USD the guy has lost almost 67k USD in that investment

Iamblessed85:


I just checked your post history. No single positive news.

It’s either you’re a kid who does not understand the implications of negative reporting, or you’re a not soo bright adult who is bitter with the present govt or you’re an opposition agent. Remember, pdp also ruled for 16 years and they weren’t any better. Stop posting negative news all the time. Everytime naira hits record low. What does it benefit you?

Na crime to post truth. Una head don hit ground. With all suffering wey heavy go obodo Naija.

OkanlawonB:


Investment is not only for economic gains, sometimes it is a case of giving back to the society what the society gave to you.

What did the Nigerian society or government give to Nigerians living abroad? If that's too much to contemplate, how about what did the Nigerian society/government give to Nigerians? From security to education everything is paid out of pocket, sometimes you even pay without getting what you pay for.......People jaapa from a cancerous nation, you're asking them to give back......No be juju be that?

ogododo:


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

I no even understand again oh, dollar costlier at official market than at the unofficial?

AyeMoJuba:


You all will wail without ending

Any reasonable human being should be aware of the fact that to build is painful...we must bear this pain to enjoy later
Is Tinubu the one who sold your crude Oil in advance? Is Tinubu who borrowed money and plunged the Nation to debts?

Tecause Tinubu is not your tribes man can go hug transformer.
Bunch of ingrates

Who supported the man who did all this in 2015 to become president?

ogododo:

Na crime to post truth. Una head don hit ground. With all suffering wey heavy go obodo Naija.

It’s not a crime but you sef check your post history. For every bad news you post, just know that it has a certain impact on your readers.

For example, you would have a perfectly normal and fine day if you donot read about “breaking news, naira hits all time low” yesterday.

Will it affect you? Yes but without the emotional trauma from reading the news. It has hit several all time lows and we are still here, breathing. You dont need to die twice which is what happens when you read bad news and then go through it again.

I am not Apc o. Just a regular citizen trying to keep my head straight.

The problem with the naira is bc the past president has signed immunity with the current government not to be called upon on any issue, so all the fraud in the past government will be waved

The current president must continue till 8years

Since some of us has eaten their 8years money ahead during the elections.








.

Igbo people from the tiny dot will mistreated on this forgetting they are the target- the ones importing, while we Omoluabi are mostly the ones earning in dollars.

AyeMoJuba:


You all will wail without ending

Any reasonable human being should be aware of the fact that to build is painful...we must bear this pain to enjoy later
Is Tinubu the one who sold your crude Oil in advance? Is Tinubu who borrowed money and plunged the Nation to debts?

The Naira must further be devalued to reflect it's true value...this is the only way to attract investors and have a stable economy.
Those of u crying because Tinubu is not your tribes man can go hug transformer.
Bunch of ingrates

Mumu

Is Tinubu sacrificing the way he tells people to sacrifice and endure sufferings? Sincerely, I am tempted to say that ALL APC supporters are Idiots.

Imagine someone saying naira must be devalued further to attract investors. Who invests in an economy without value? I'm sure as you are now, you have a dollar account or trying to get one. And if you do that, it simply means you've invested in dollars not naira.

You BAT supporters don't understand economics. You just open mouth WA! to say anything the government says. You don't think deeply.

Have you asked yourself that since the instability of Naira issue, how many investors has the policy attracted? Sit down and think well before you talk.

Patriotism is embedded in the knowledge and defence of truth of a nation, not in supporting just any government because of sentiments.

lastkingsman:

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.

kindly mention Sukkot and I when you're done. My bro Sukkot, you no talk anything after you lost our earlier bet ooo. New projections don dey around the corner courtesy lastkingsman, but till now you never holla me give me thumbs up for my last projection wey hit the bull's eye.

Treadway:
kindly mention Sukkot and I when you're done. My bro Sukkot, you no talk anything after you lost our earlier bet ooo. New projections don dey around the corner courtesy lastkingsman, but till now you never holla me give me thumbs up for my last projection wey hit the bull's eye.

my brother make you wait till Dangote products hit market na before I declare you winner 😃😆

dettolgel:


I feel sorry for your friend. I worked in the bank before I left the country more than a decade ago.

I understand foreign exchange risk. Every investment I made in Nigeria I ensure that I don't have the need to repatriate the proceeds. Even as far back as 2009/2010 unless you are repatriating your funds within a short window you are still faced with foreign exchange risk ( I must admit it is a nightmare now even big investors that could pay for forward deals to hedge their fx risk do not have any reasonable level of guarante).

I fear for the future of this country.

shut up! Stop lying. You are still within Nigeria!

1600 at the moment

Check abokifx

abbey621:


What did the Nigerian society or government give to Nigerians living abroad? If that's too much to contemplate, how about what did the Nigerian society/government give to Nigerians? From security to education everything is paid out of pocket, sometimes you even pay without getting what you pay for.......People jaapa from a cancerous nation, you're asking them to give back......No be juju be that?

I dont know which age group you belong, probably younger than i am. I can attest to it that our nigerian society did gave something tangible to me, the free education up to university level myself and many nigerians of my generation benefited from is worthy of appreciation.
Investing in something like real estate for rent at affordable price , is the least i can do to give back to the society what the society gave to me. By so doing providing job opportunities for those involved in the building project , payments into the government purse in the process of obtaining the right documention is also a form of contribution to the society.
After working with paying full social insurance contributions for 3 decades in europe, the returns i get from such investment is of secondary importance to me..

OkanlawonB:


I dont know which age group you belong, probably younger than i am. I can attest to it that our nigerian society did gave something tangible to me, the free education up to university level myself and many nigerians of my generation benefited from is worthy of appreciation.
Investing in something like real estate for rent at affordable price , is the least i can do to give back to the society what the society gave to me. By so doing providing job opportunities for those involved in the building project , payments into the government purse in the process of obtaining the right documention is also a form of contribution to the society.
After working with paying full social insurance contributions for 3 decades in europe, the returns i get from such investment is of secondary importance to me..

From your write up it is clear that you belong to the Nigeria of old and not the Nigeria of the 90s and beyond. Since Abacha took over, I can't remmeber any free university education. Please know when we discuss issues let's look at things in their present state not some fantasies about what used to be. Nigeria hasn't given anything to its citizens since 1993 in fact all it does is take, take and take. Many dreams crushed, many hopes dashed.....An horror movie that continues to get worse day by day!

Thislifee:
shut up! Stop lying. You are still within Nigeria!

E shock you abi? You be think say me and you dey the same level.

While I was in the uni I focused graduated and worked in an international bank. I was scouted for in fact in my 3rd I was selected to write the Nigerian Brewery aptitude test. I declined because I knew where I was headed.

This was why I told you to tell that your coconut head cousin in NSK to face his study and that given that you failed woefully at being a study by joining a gang, I can still advice you on how to better your life.

I have met people like you gang members and they are now changed men and doing well with their lives.

For the record I dey eat dinner for North America as we chat ontop company account and I go chop lunch for Asia tomorrow. Na company dey foot the bill. You know why?

sukkot:
my brother make you wait till Dangote products hit market na before I declare you winner 😃😆

The problem I have with agbadorians is that they don't understand basic economics.

You think dangote will sell you crude below mkt price? He will sell that crude at naira equivalent of the dollar rate to make profit. that's point one.

Point 2. Nnpc is not even producing enough crude to service dangote refinery. That's why they are looking to import from US. How does crude oil importation help Nigeria?

Kai

CC: Treadway

lastkingsman:


The problem I have with agbadorians is that they don't understand basic economics.

You think dangote will sell you crude below mkt price? He will sell that crude at naira equivalent of the dollar rate to make profit. that's point one.

Point 2. Nnpc is not even producing enough crude to service dangote refinery. That's why they are looking to import from US. How does crude oil importation help Nigeria?

Kai

CC: Treadway

you are not looking at the bigger picture

sukkot:
you are not looking at the bigger picture

Which bigger picture?

lastkingsman:


Which bigger picture?

that refinery will be used to refine for other African countries hence the sea port nearby. Forex go full ground yafun yafun.

sukkot:
that refinery will be used to refine for other African countries hence the sea port nearby. Forex go full ground yafun yafun.

Lmao.

I am tired

lastkingsman:


Lmao.

I am tired

rest small my brother

dettolgel:


E shock you abi? You be think say me and you dey the same level.

While I was in the uni I focused graduated and worked in an international bank. I was scouted for in fact in my 3rd I was selected to write the Nigerian Brewery aptitude test. I declined because I knew where I was headed.

This was why I told you to tell that your coconut head cousin in NSK to face his study and that given that you failed woefully at being a study by joining a gang, I can still advice you on how to better your life.

I have met people like you gang members and they are now changed men and doing well with their lives.

For the record I dey eat dinner for North America as we chat ontop company account and I go chop lunch for Asia tomorrow. Na company dey foot the bill. You know why?

I know you are beautifully stupid and mentally demented that's why you are thinking that anyone that anyone that criticize you is a gang member! If I actually knew you in person, I would have posted your picture in nairaland here as a proof that you are a lunatic. Nairalanders would know a lunatic when they see one. Keep deceiving yourself and hallucinating that you are in abroad! If you are there, I need proof!