₦airaland Forum

I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life support as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable.

It's really pitiful N disheartening.
Govt needs to do better instead of planning re elections in 2027.

clintino700:
It's really pitiful N disheartening.
Govt needs to do better instead of planning re elections in 2027.

The best brains are leaving the country including Doctors.
Non professionals abroad earn in a day the salary of people in a month in Nigeria.

guobe:
The best brains are leaving the country including Doctors.
Non professionals abroad earn in a day the salary of people in a month in Nigeria.

if you know the cost of living in abroad

You'll be thanking God for bringing you to Nigeria

clintino700:
It's really pitiful N disheartening.
Govt needs to do better instead of planning re elections in 2027.

CBN have to remove the three zero in each currency

1000 naira to be 1 naira

3000 naira to be 3 naira

That's the only way we can value our money

[quote author=Firebox123 post=135182380]if you know the cost of living in abroad

You'll be thanking God for bringing you to Nigeria[/quote
Even with the cost of living abroad, they are still better than people in Nigeria by a thousand times.

Blame Emefiele for injecting NGN22Trillion from thin air into the economy.

On a good day, Emefiele should be sentenced to death

There is so much electronic Naira in people's account that we don't even have the value in physical notes.

Firebox123:
CBN have to remove the three zero in each currency

1000 naira to be 1 naira

3000 naira to be 3 naira

That's the only way we can value our money

Any how they like let them do it.
If it is 500 naira to a dollar it will be better than the present 1,500 naira.

[quote author=guobe post=135182435][/quote]remember only few are millionaire in abroad

guobe:
Any how they like let them do it.
If it is 500 naira to a dollar it will be better than the present 1,500 naira.

the more rate is high

The more gain yahoo boy and fraudster gain

Firebox123:
the more rate is high

The more gain yahoo boy and fraudster gain

Lol

Dotherightthing:
Blame Emefiele for injecting NGN22Trillion from thin air into the economy.

On a good day, Emefiele should be sentenced to death

There is so much electronic Naira is people's account that we don't even have the value in physical notes.

Are you sure Emefiele is really the problem?

guobe:
Lol

if 1 dollar is 500 naira

Yahoo boy way dey chase $100 per day how it wan survive in Nigeria

Everything get Reason jare

Firebox123:
remember only few are millionaire in abroad

Once they bring the money to Nigeria they become billionaires.

Dotherightthing:
Blame Emefiele for injecting NGN22Trillion from thin air into the economy.

On a good day, Emefiele should be sentenced to death

There is so much electronic Naira in people's account that we don't even have the value in physical notes.

wetin consign emefiele with this post

guobe:
Once they bring the money to Nigeria they become billionaires.

yes that's just it

Firebox123:
if 1 dollar is 500 naira

Yahoo boy way dey chase $100 per day how it wan survive in Nigeria

Everything get Reason jare

No be only Yahoo boys de live for Nigeria as we have alot of legitimate people too.

guobe:
I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life support as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable.

The high exchange rate is the reason cost of goods and service is high

Firebox123:
if 1 dollar is 500 naira

Yahoo boy way dey chase $100 per day how it wan survive in Nigeria

Everything get Reason jare

If a dollar start exchanging for $/500, cost of goods and services will fall. The price of petrol will be about 300/litre

Ikaeniyan0:
The high exchange rate is the reason cost of goods and service is high

Yes it is.
To construct a kilometre of road now is about a billion naira.
Nigeria is currently a time bomb.

Ikaeniyan0:
If a dollar start exchanging for $/500, cost of goods and services will fall. The price of petrol will be about 300/litre

Absolutely spot on .
I don't know what the people ruling us want ,wether they are for the people or against them.

Ikaeniyan0:
If a dollar start exchanging for $/500, cost of goods and services will fall. The price of petrol will be about 300/litre

nothing can't fall in Nigeria brr

Don't let us deceive ourselves

Firebox123:
CBN have to remove the three zero in each currency

1000 naira to be 1 naira

3000 naira to be 3 naira

That's the only way we can value our money

I remember Soludo tried to do something like this. We haven't gotten to the point we will remove 3 zeros

Ikaeniyan0:
I remember Soludo tried to do something like this. We haven't gotten to the point we will remove 3 zeros

so Ghana and South Africa have gotten to the point right 👍

Remember Ghana and South Africa currency is the same with Nigeria currency they deceive their citizen by removing the three zero in their currency

Na everywhere hard

Firebox123:
so Ghana and South Africa have gotten to the point right 👍

Remember Ghana and South Africa currency is the same with Nigeria currency they deceive their citizen by removing the three zero in their currency

Na everywhere hard

if Nigeria can follow their way

I think it'll be more better

Firebox123:
so Ghana and South Africa have gotten to the point right 👍

Remember Ghana and South Africa currency is the same with Nigeria currency they deceive their citizen by removing the three zero in their currency

Na everywhere hard

South Africa have never denominate their currency. Is Zambia and Ghana who denominated their currency by removing zeros

Abacha for 5 yrs pegged the náírà to a dollar at between 82-85 naira to a dollar,that was abacha,s major achievement under his regime,the dollar to naira exchange rate never go beyond this for 5yrs of his government


quote author=guobe post=135182086]I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life support as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable.[/quote]

F117nighthawk:
Abacha for 5 yrs pegged the náírà to a dollar at between 82-85 naira to a dollar,that was abacha,s major achievement under his regime,the dollar to naira exchange rate never go beyond this for 5yrs of his government


quote author=guobe post=135182086]I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life support as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable.

we're talking about now not abacha regime

F117nighthawk:
Abacha for 5 yrs pegged the náírà to a dollar at between 82-85 naira to a dollar,that was abacha,s major achievement under his regime,the dollar to naira exchange rate never go beyond this for 5yrs of his government


quote author=guobe post=135182086]I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life support as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable.

Even with foreign sanctions the currency were still stable under a military dictator.
Our so called Democrats are allowing the currency to become worthless.

Read the story well before making comments,the writer said abacha pegged the naira to dollar at ₦80 if he is not mistaken,
So I am trying to give him the actual exchange rate during abacha regime

uote author=Firebox123 post=135182899] we're talking about now not abacha regime[/quote]

guobe:
I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life support as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable.

That is the problem but helinues and his likes will leave all these choking problems and be attacking Obi who is a private citizen.

Mbanda:
That is the problem but helinues and his likes will leave all these choking problems and be attacking Obi who is a private citizen.

Lol