₦airaland Forum

Country of jokers, speculators and a system fooling itself and his people,you cannot give what you don't have.you don't have what is takes to make the dollars crash against the náírà,until you tell yourself the bitter truth and turn this country to a productive manufacturing nation,and stop your Total consumption as a country,you will them see the náírà rising drastically against the dollar

TimeManager:
You're being clever by half, why did you not post the full article?. You cut off the part that pleases you knowing the gullible ones would fall for it. Where was the rest of the report?. The report quoted P2P platforms selling at $1745.

Below is the rest of the article;

Some P2P exchanges quoted N1,715/$1 while some IMTOs checked by Nairametrics quoted N1,745. Stock trading apps like Bamboo and Trove quoted for N1,730/$1 and N1,736/$1 respectively.

Meanwhile, the exchange rate between the naira and dollar in the official market closed at around N1,525/$1 on Tuesday the strongest close since the EFEM was introduced.




-Kiss the truth!

Mr. all these lies won't help you.
If naira appreciated against the dollar as you claim then why aren't prices of commodities going down but going up instead?.
Please explain.

123456789O:
Lol, place the offer where? Will you sell at the "official" price? Show workings, no be cho cho cho propaganda. I get plenty naira to dump. We can use Fergie001 or Mynd44 as escrow. In fact, I want you to gain sef. Buy at $1520 from the place you buy at the official price, I'll buy everything from you at 1599.. 🤣

I will buy at 1600 if he has enough for two of us.

Failures

I dey laugh. Shey yesterday or so someone was saying that $ will be exchanged at #1200.00.

APC keep doing "FIRE BRIGADE" and running propaganda and brainless economy test!

And their zombie followers keep backing them up and showing their low mentality.

VanuatuWycombe:
You don’t need to go there. Using your app, you buy directly from your Naira account and move to your Dollar account and vice-versa

You are joking bro, there's no buying option on the app, they only sell

123456789O:
You're saying yes and back off at the same time? 😆 😂

U have time to be exchanging words with a "data boy"

You know there is no hope for the country when the people who said N217:$1 is too high and a sign of incompetence are now beating thier chest that $1:N1500 is an achievement. Is that progress?

CodeTemplar:
Instead of blaming speculators, let the airconditioned offices addicted govt replace our top imports with local alternatives to crash demand for, and thus, prices of forex.
From our top 10 imports, six are replacable in 24 months if the govt is serious.

Local production alone can't meet demands ...we are over 250m ... some people have turned foreign currency to land business ....as long as people are hoarding it, it will never fall, instead it will keep rising ....when I drops due to inflow of dollars , they buy them up and it starts to rise again

TimeManager:
This is P2P rates. On official market it is $1520.

-Kiss the truth

APC's "truth" is herpes. No sensible person will kiss it.

ppogba:
What are those imports sir. I want to learn.

OUR MAJOR IMPORTS
1 PMS — ₦9.18tn
2 Gas oil — ₦3.22tn
3 Wheat — ₦1.23tn
4 Butanes — ₦0.6tn
5 Sugar Cane — ₦581.36bn
6 Used Vehicles — ₦284.46bn
7 Kerosene — ₦250.2bn
8 Motorcycles — ₦245.01bn
9 Machines — ₦242.73bn
10 Other medicaments — ₦227.9bn

6 can be locally sourced.

The thing wey wonder me most is how tinubu managed to convince so many otondos that he's their messiah?

I wanted to buy 4k$ today, the aboki said 1700! I said gtfoh! Went to another one, 1730, nearly fainted. Didn't expect it to rise before January.

NpvnStar:
You are joking bro, there's no buying option on the app, they only sell

Can you see Buy Option in the attached file?

Check the time I did the screenshot. Also, check the time GTBank updated its rate on that screenshot.

If they are not buying or selling, they won’t list any rate.

kevoh:
Been trying that on my Access bank app in the past few weeks, that sh*t never works. It's there for fancy. Even tried it in Access bank right in from of Access bank staff! It didn't work.

I ended up buying almost $7200 dollars worth from aboki at different intervals and physically depositing in my domiciliary account instead.

Like I said, if these things were working as it should speculators and the parallel market would never dictate the pace.

I was at Unionbank and they were selling.

Access Bank could be working on its app. We can’t rule out the possibility of banks sabotaging CBN’s efforts on this, by selling to Abokis so that we can be forced to go and buy in the black market.

"Dead cat bounce"

Very good terminology for this satanic tinubu government

VanuatuWycombe:
I was at Unionbank and they were selling.

Access Bank could be working on its app. We can’t rule out the possibility of banks sabotaging CBN’s efforts on this, by selling to Abokis so that we can be forced to go and buy in the black market.

Funny you

You think banks just sell arbitrarily to aboki

Clown 🤡

CodeTemplar:
Instead of blaming speculators, let the airconditioned offices addicted govt replace our top imports with local alternatives to crash demand for, and thus, prices of forex.
From our top 10 imports, six are replacable in 24 months if the govt is serious.

OUR MAJOR IMPORTS
1 PMS — ₦9.18tn
2 Gas oil — ₦3.22tn
3 Wheat — ₦1.23tn
4 Butanes — ₦0.6tn
5 Sugar Cane — ₦581.36bn
6 Used Vehicles — ₦284.46bn
7 Kerosene — ₦250.2bn
8 Motorcycles — ₦245.01bn
9 Machines — ₦242.73bn
10 Other medicaments — ₦227.9bn

You mean after Dangote refinery we’re still importing pms?

lereinter:
Funny you

You think banks just sell arbitrarily to aboki

Clown 🤡

Big time Aboki players. Not those ones wearing banban riga by roadside.

VanuatuWycombe:
I was at Unionbank and they were selling.

Access Bank could be working on its app. We can’t rule out the possibility of banks sabotaging CBN’s efforts on this, by selling to Abokis so that we can be forced to go and buy in the black market.

They are not working on any thing! I was thinking like you that I would get dollar cheaper on the app and send to Dom account, but apparently there's no dollar buy option on the app.

You can't even transfer dollar from your Dom account to another Nigerian bank's Dom account, it's that messed up!

Abeg, where's the Union bank location where physical dollar is being sold at #1560, make we begin troop there for some sweet arbitrage! Buy #1560 at Union Bank, Sell at Aboki's for #1700!

Are you sure you have used or have any idea of these things or you are just arguing based on some FX table you saw on GTB bank. All banks have that table, it doesn't mean anything!

kevoh:
They are not working on any thing! I was thinking like you that I would get dollar cheaper on the app and send to Dom account, but apparently there's no dollar buy option on the app.

You can't even transfer dollar from your Dom account to another Nigerian bank's Dom account, it's that messed up!

Abeg, where's the Union bank location where physical dollar is being sold at #1560, make we begin troop there for some sweet arbitrage! Buy #1560 at Union Bank, Sell at Aboki's for #1700!

Are you sure you have used or have any idea of these things or you are just arguing based on some FX table you saw on GTB bank. All banks have that table, it doesn't mean anything!

No. I did. Even my wife did. Try Unionbank on Mobolaji Bank Anthony or that one at LASU.

/
Who didn't see it coming?

Not me



/

I hope some people bought the dollar like I advised

Skydivine:
Peter Obi again

Let's wait for Apc urchins and zombie happy slaves like Goodnewsforlife, Beerfruad, Kdon2, Golan007 make them come cry and wail Igbo yoooo😁😁
Na their destiny na😁

VanuatuWycombe:
Can you see Buy Option in the attached file?

Check the time I did the screenshot. Also, check the time GTBank updated its rate on that screenshot.

If they are not buying or selling, they won’t list any rate.

But there is only one active button and it is for Sell. The buy and sell rates are stated for reference only.

One idiot said after God it was Tinibu, make them dae defend there lord and master in pains, propaganda economy

It's currently selling for ₦1660 at Black market rate.

So, other countries don't have speculators?

Kukutente23:
Chai!!

I should have bought this thing before now o

I was hoping on the thing going down further

Abi o ti go down ni...wait till January when people are going back abroad, it will hit 2k

VanuatuWycombe:
It is still N1510 as at a minute ago.

That’s GTBank Platform. Not all this foreign online currency speculation sites.

Sigh...

Can you buy USD with any bank? Propaganda will NOT fix our economy.

Those rates are only for you to sell your FOREX to GTBank

This country is just a joke.

When I saw the Naira appreciate to N1665/$ from around N1735 (on a fintech app) following the introduction of the EFEMS last week, something told me to just sit back and watch since it's not like the country is now producing or exporting more - that's the major way I think this debacle can be overcome.

Then I saw N1519/$ to sell on the same app on Monday. I was like, "seriously?", so I just looked away. Fast forward to today (just two days later) and the rate had increased by more than N160!

Many, or some, of us really want the Naira to appreciate. But the government needs to be seen to be doing what matters most to encourage production, including providing security. Imagine people being killed or kidnapped on their farms, for instance.

If production increases and inflation drops, I don't mind having dollar exchanged for N200. What's important is getting value for money.