₦airaland Forum

ipobcannibals:
Oya O! Ipob/obidients and other fake billionaires, come and lament

If not that curses are following some of you, you won't be happy with current situation of things.

Pull out your head from his arse and tell him to perform

ipobcannibals:
Oya O! Ipob/obidients and other fake billionaires, come and lament

So many Yorubas are Lamenting .. What happening is felts by everyone in Nigeria

healthkknatural:
So many Yorubas are Lamenting .. What happening is felts by everyone in Nigeria

Lies! Our billionaire developers are balling and are not feeling the pain in our ‘zoo’ called Nigeria

Meanwhile, the wailing from developers and acclaimed billionaires are the loudest

Treadway:
After the float misadventure, and the so called converge of the two rates, now we have two divergent rates once again after all said and done.

Only the currency is toilet paper now, as predicted. Thank God i didn't listen to airheads and sell my dollar stash. Money would have just gone down the drain just like that

Grandstar and Nairalanda1, why this infallible 'theory' no work. It appears the naira float misadventure just added misery to everyone, and all for nothing ,AS PREDICTED..and Just as maalu Buhari did.

https://www.nairaland.com/8017949/how-nigeria-people-govt-got

Darn shame really🤦‍♂️

I would never advise encourage anyone to keep his money in Naira. The fact the budget predicted that inflation would be 21.4% this year speaks volumes. The higher your inflation rate, the more likely your currency will depreciate.

In addition, monetary policy is loose. The CBN refuses to increases interest rates higher than the inflationary rate which is very crucial for bringing down inflation. Tinubu has always been an apostle of low interest rates as he believes that high interest rates kill businesses.

This is the problem with many of you. You either don't listen or you refuse to learn. You simply want things your way, refusing to understand the science behind it.

For instance, a skilled forex trader knows that when non-farm payroll shows an increase in employment, the dollar will strengthen. If there is a decrease in employment, the dollar will weaken.

Tianamen1 knows that when the US Fed increases rates, other currencies will weaken against the US dollar. It is such established theories and principles I work with, and not just simply what I like or don't like.

If the Naira depreciated recently, it could be for many reasons.

The increase in the minimum wage would mean there's more money in circulation, hence more money chasing dollars.

The budget deficit is still quite high. When Tinubu came in, 97% of government revenue was used to service debt. It is now 65% which is still rather high.

If the government increases interest rates by some percentage it would lead to an appreciation of the currency.

Anyway, what matters most is that the country has an exchange rate that is competitive and it can defend.

The foreign reserves has grown from $31bn to $39bn which indicates the float worked. The Naira is market determined after 8 years under the economic illiterate policies of Buhari.

The government should do more to fight inflation by increasing interest rates.

If there's a spread between the exchange rates, this wouldn't be the first time. The CBN can correct this by either selling dollars to the BDC's or allow the currency to depreciate. Oluyemi Cardoso said he isn't ready to blow $1bn monthly defending the Naira. I fully agree with him on that.

EnterpriseMan:
A generational failure spotted Always representing themselves as failures🤡. I am not an Igbo btw and I'm not in Lagos Ode clown that can't feed is dissing igbo.

Goat! So you’re not proud of your original identity, rather you’ve decided to hide your true miserable self by saying ‘you’re not Igbo’. Well, I understand your ipob cannibals have brought disgrace to most of you now, and it’s a shame to identify as an Igbo, a.k.a developer. Hunger never hammer you well You must continue to wail for the next 8yrs…Ewu

ipobcannibals:
Goat! So you’re not proud of your original identity, rather you’ve decided to hide your true miserable self by saying ‘you’re not Igbo’. Well, I understand your ipob cannibals have brought disgrace to most of you now, and it’s a shame to identify as an Igbo, a.k.a developer. Hunger never hammer you well You must continue to wail for the next 8yrs…Ewu

Oga go and get a job broke a$$ or you can come and be my gate man. I will feed you same way I feed my dogs Always the jobless miscreants screaming ipob everywhere online instead of actually contributing anything to the society. I Never claimed I was an igbo person, I am proudly from Delta and I am in my region. You jobless ipob online police what have you achieved achieved in life? I can bet it's nothing because only 2% of yorubas can actually achieved anything meaningful in life
Even if fuel in 10k a litre I will still buy it, even if $ to N goes to 5k it will make me richer, so matter how hard the economy gets, we no dey wail
When your data finish you will go back to under the bridge you reside.
Can you imagine a tribe you can barely differentiate from pigs calling igbos poor😅😅😅🤣🤣🤣🤣 Oga go and get a job and stop being an embarrassment to everyone around you.

UnitedKingdom:
T-Pain thank you. Let's make £1 to 3k I have project to execute in November. If I send £5k for the project it will go a long way.

you will be shocked by the prices of the items in the market your £5k was to buy in naira.

What will even shock you would be the return on investment of what you intended to use the £5k for

It will shock you so much you will think people in nigeria are trying to steal from you by lying about prices of the basics of what you what to buy for your project

Like complete and utter shock will be an understatement

Come and see landlords here in Ibadan who built houses with 50 million naira because it was cheap to send the money from abroad

House finish to get tennant that will pay 500k per year turn big underated problem

Months turn to years , and the years still counting as we speak

Come and see empty fine furnished houses.
Houses that even yahoo boys cant rent cos
WHERE IS THE MONEY