₦airaland Forum

Nigeria economy is long gone, only prayer can revive it.

veekid:
E never reach #500

E fit pass #500 very soon

The people at the DSS and SSS should look into the possibility that western business syndicates could be printing legitimate looking Naira somewhere to buy up every Dollar thrown into the market by the CBN.

Before you all simpletons accuse me of being a conspiracy theorist, you need know I know the hidden history enough to know this has been going on for centuries. It happens whenever the capitalist network that control the world's economy wants to bring down the economy of a target nation/s for their selfish interest. In fact, the US sometime in 2010 accused North Korea of printing the Dollar to cause inflation in the US. North Korea also accused the US of doing same to her currency. Russia and the west have traded similar allegations in the past.

Clearly, there's an external cabal printing the Naira to buy up every Dollar the CBN can afford, otherwise, there ought to have been corresponding statistics showing that import activities has massively increased at our seaports and airports at an unprecedented scale since the past months. Why are we not seeing an unprecedented volume in importion to justify the CBN Dollars sales?

This syndicate will never rest until Nigeria is brought to it's knees, paving way for them to literally buy Nigeria.

Who is printing the Naira?

verily verily I say: we will soon discover oil along the way!!!
Buhari, THE ECONOMIC ISIS!!!!!

GossipHeart:
Wow
Thank you lord
But all the praises , worships and gratitude goes to Buhari
I will forever worship Buhari
Look at how he made a poor boy like me a millionaire in just 10 months
$1000 = 400 thousand naira
$10,000 = 4 million naira

I love Buhari so much

u must be a blogger

bittertruthz:
Oga do your arithmetic well.................... before $200=40,000............ now $200=80,000 plus.
I have more advantage.

Common sense is not common. This is simple arithmetic. go back to primary 2.

let me help you.
Stronger naira put put dollar in disadvantage while weaker naira put dollar in advantage. you nor go school?

ode, only gave you a simple example, and you think what that your N40,00 could get you in NIgeria then your N80,00 would get it now ? it seems you are a rude boy, i am not surprise since you wake your own parents up with slide tackle. uncouth cow.

Buhari has nothing to offer. Just imagine, there's no month the currency wont add N15 or above to the previous selling price. Ruling a nation is like a father taking care of his family, when a brilliant/intelligent father foresees problem coming to his home he looks for immediate solution to curb it and the household won't know how he maneuvered to make things work. I thought all his initial traveling and arresting past corrupt leaders will yield interest. Pres. Buhari remove shame from your face and invite Ngozi Okonjo-Iweala and her team or have a new minister/committee to restore the economy now it's still hovering within 400/$1 or else Nigeria will be very difficult to live by the end of next year.

And there goes the naira

https://www.reactiongifs.com/wp-content/uploads/2013/05/sinking.gif

If you haven't changed your money to dollars already, you might as well withdraw all your money in the bank and throw 50% of it in the ocean. Naira has lost over 40% of its value in 1 year alone, hedge against depreciation by buying gold or hard currency.

$200,000 available for bank transfer to your dorm account or U.S bank account only. Must buy nothing less than $25k.
Rate is N410/$ non-negotiable
Please this isn't PayPal or Ebay payments this time

Contact in profile; Call or whatsapp

abbeyty:
ode, only gave you a simple example, and you think what that your N40,00 could get you in NIgeria then your N80,00 would get it now ? it seems you are a rude boy, i am not surprise since you wake your own parents up with slide tackle. uncouth cow.

Let me give you another example, 2 bedroom apartment before at the rate of 500,000 naira in ogba or enugu can never be 1,000,000 naira Now.

There might be increase but not 100% increase.

Another example, fuel at 87 naira then = $0.43, now fuel at 150 naira =$ 0.35

Oga person with dollars have nor advantage. Call your arithmetic teacher for help.

more records will be broken

Good..make e high small again so I fit make more money for the small Dolla wey dey won send give me

hmmmmnnnn

Question: is God punishing Nigerian with bad leader of Buhari person because he gave fair Rulers in past but we revolted?

Nnamdi Kano in one of his messages said whoever cared should convert the naira to dollar, saying a time will come wen naira will fall to #500. Its already here.

GossipHeart:
Wow
Thank you lord
But all the praises , worships and gratitude goes to Buhari
I will forever worship Buhari
Look at how he made a poor boy like me a millionaire in just 10 months
$1000 = 400 thousand naira
$10,000 = 4 million naira

I love Buhari so much

What most of you don't understand is as naira keeps going down its going down with every property inside it. Ask dangote who onces said if you give him a billion dollars he will invest all in Nigeria, today his no were found in the 100 richest in the world. That land you want to buy with your dollar in Nigeria is currently loosing it's value. As long as people can't afford a commodity it's entirely usless and you just have to sell what they can afford to pay. Landlords, shop owners ask them since dollar is now 420 does it mean a house of 200k is now 400k my brother they are forced to drop rent to 150k because people can't afford it. It's like saying i am billionaire in Zimbabwe which is true but going to buy a property their is madness, but you can buy in Kenya but their your not even a millionaire. The only way you can smile to the bank is if you acquired lots of properties now with your dollar and the economy bounces back, but as long as it keeps falling any property you buy in Nigeria is falling as well.

God, I just checked the gionee m5 plus wey I bin Wan buy for jumia. From 85k yesterday to 100k today. Chisos!!!!!
Buhari and dollar eh!!!!!

vivalavida:
Things have really gone south for the nigerian economy.
This one no be wailing wailer or hailing hailer things again oo
All hands must be on deck to rescue this shithole.
If finally this will aid the realisation of the land of the rising sun,so be it.
Maybe God is working in mysterious ways

Funny thing be say the person wey give us the name "wailing wailer" government don seal her mouth.

@Post

The worst part is that salaries are not going up. So basically, salary earners are thrown into poverty because the value of their salary continues to decrease.

Naira dey vexooo

Buhari may it never be well with you

GloryIsaac:
Good news to those earning in dollars , More houses will be built , more land acquired easily.... Thank God ooo ... Unfortunately, the zombies wont realize this

Of course that's true, but think about it this way if dollar keeps getting this strong over naira soon you can buy an entire community with $10,000 . Now the question is can you buy a property in Zimbabwe today? Because you will be a trillionaire their. That is where Nigeria is heading to so keep rejoicing but have it in the back of your mind that the community you buy with $10,000 are waiting for you arrive so they can strip you naked and sell your underwear for food because they are extremely poor.

e go soon enter 1k if care is not taken.

In our own very eyes buhari is taking the naira to 1000 naira to 1 dollar.. Where are the buhari change ambassadors in the house?

Reason - Nigerians and foreigners are pulling out their investment from the country!!! The body language of the administration and other indicators are not favorable, so they will rather take a loss than risk loosing it all!!!

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