₦airaland Forum

GB2G:
Reserve depletion is slowing. Inference could be that 1. outflow is slowing/reducing
2. inflow is increasing gradually, just an observation.

Fitch just gave an upgrade.

Check for the nigeria reserve scenario below.
https://www.cbn.gov.ng/intops/Reserve.asp

Other inputs are welcomed

Mpeace:
It is either I was typing this under the the influence of... or my account was hacked. Even sef, no be my hand writing be that.

Mcy56:

56 na shaid? Everyone here no be shidren o.

Mpeace:
It is either I was typing this under the the influence of... or my account was hacked. Even sef, no be my hand writing be that.

Agbalowomeri:
Trading long on coffee this week
Baba God bless my hustle

Mpeace:
Classmate, I no kw hu write that thing oh. I dey sleep by that time.
But ehh... 56 Enough respect to u. No wonder u dey always sit for front.

mendes911:
As big as you are, your account officer should be worshipping you. You don't necessarily have to be around to do some certain things, that's one of the benefits of being a big man like you. Get your money to work for you!

Your being outside the country can't be a hindrance..

Agbalowomeri:
We get coffee plantation inherited from my grandfather

Mcy56:
Well said Mendes.
Baba 333, let money work for you. Send it on errand. Your acct officer should be at your mercy.

arduino:
Come oh, you enter Church today so?
This wey na only you dey post and comment so far....

arduino:
Come oh, you enter Church today so?
This wey na only you dey post and comment so far....

tritritri:
few members here av been worried about devaluation . I pray it doesn't happen...i really pray.

Calebbold:
I believe u're a newbie. I also feel u lack basic understanding on the criteria's to look out for that would guide your selection on stocks to invest.

The stock market is a very dangerous place to invest ur hard earned money especially if u don't know how it works cos u may end up losing everything.

But if you take your time to study books about the stock market, acquire enough knowledge and allow this knowledge to guide you, you are sure to succeed as you gain experience. I have been in the stock market for close to a decade yet I'm still learning.

For a start, i will recommend this book for you: "How to make money in stock" by William J O'Neil. It happens to be one of my favorite books on stock market. Simple and easy to understand yet very effective.

Search it on Google and its free to download. I wish you the best.

tritritri:
Not currently in the country , dat add a big challenge to opening dollar acct.

Jejebabaa:
To be honest with you, devaluation will likely happen if Brent continues its southward movement. The good news is that, it will not happen before election as that will be used against APC. I hope I go don jaaaa from NSE before it happens. Otherwise, I will look at the risk rewards ratio of NSE capital appreciation against % loss in capital due to devaluation.
Personally, I don't expect up to 50% devaluation but I expect 50% capital appreciation in stocks. This is the reason I might remain in NSE till the next bull on or before end of March /April 2019.

maishai:
how does one save money in foreign currency and escape the excessive charges.....I ask this as i am about to sell a bike i bought 4 years ago for more than 150% the amount I bought it, after reminising, i think it is futile to save or invest in naira as your base currency......Naira is just not a good store of value, I still earn the same salary as i did 4 years ago but i am fucking poorer.......Its so bad that when i checked my Retirement savings account, my balance 4 years ago is greater than the amount there now if we convert the money to dollars @ the exchange rates of 2013 and 2018.....................Please help me out ??

smasher1:
I don't see why your retirement savings account balance now should be lower than four years ago. Is it denominated in naira? Unless your company stopped remitting monthly four years ago. That's the only plausible explanation. Nevertheless, the interest on the accounts have reduced significantly compared to what was obtainable previously. But that doesn't mean the balance should reduce unless you withdraw from the account.

mendes911:
As big as you are, your account officer should be worshipping you. You don't necessarily have to be around to do some certain things, that's one of the benefits of being a big man like you. Get your money to work for you!

I know of a bank that once opened a current account for one politician, customised the account, printed cheque books, etc and then went to pay the man a visit. Informs the man that they noticed that he doesn't have an account with them and that all he needs to do is to sign the "signature sample form" and return to them, and the account becomes active.

Your being outside the country can't be a hindrance.

Also note that devaluation is not certain but the signs are heavily there and the odds that it will happen is on the increase.

Jejebabaa:
U fit convert am to ringgit now since it's stable than Naira and there is no plan to devalue Ringgit soon.

tritritri:
Na wa ooh..Na U be villiage people dem dey talk abt ?..U dan dey follow me since ooh ?

tritritri:
I get ur point..I WILL TRY MY POSSIBLE BEST... May GOD BLESS YOU ... i will just miss the millions of interest on T.Bill ...
May GOD BLESS YOU

Jejebabaa:
Na me be d monitoring spirit now. I Sabi u wella now. I dey see u for dat joint u know.

maishai:
how does one save money in foreign currency and escape the excessive charges.....I ask this as i am about to sell a bike i bought 4 years ago for more than 150% the amount I bought it, after reminising, i think it is futile to save or invest in naira as your base currency......Naira is just not a good store of value, I still earn the same salary as i did 4 years ago but i am fucking poorer.......Its so bad that when i checked my Retirement savings account, my balance 4 years ago is greater than the amount there now if we convert the money to dollars @ the exchange rates of 2013 and 2018.....................Please help me out ??

mendes911:
Bros,

Don't rush any decision Ooooh. Cool down and evaluate all and take a decision yourself. Nobody here has any insider gist on when this will happen. Am yet to buy any USD myself, I only cleared all USD credits that I was exposed to!

tritritri:
ID yourself before i get BP

Jejebabaa:
U don forget say na me be the fuel attendant wey sell petrol for ur car the last time u came home wey u dash some ringgit.

maishai:
how does one save money in foreign currency and escape the excessive charges.....I ask this as i am about to sell a bike i bought 4 years ago for more than 150% the amount I bought it, after reminising, i think it is futile to save or invest in naira as your base currency......Naira is just not a good store of value, I still earn the same salary as i did 4 years ago but i am fucking poorer.......Its so bad that when i checked my Retirement savings account, my balance 4 years ago is greater than the amount there now if we convert the money to dollars @ the exchange rates of 2013 and 2018.....................Please help me out ??

maishai:
how does one save money in foreign currency and escape the excessive charges.....I ask this as i am about to sell a bike i bought 4 years ago for more than 150% the amount I bought it, after reminising, i think it is futile to save or invest in naira as your base currency......Naira is just not a good store of value, I still earn the same salary as i did 4 years ago but i am fucking poorer.......Its so bad that when i checked my Retirement savings account, my balance 4 years ago is greater than the amount there now if we convert the money to dollars @ the exchange rates of 2013 and 2018.....................Please help me out ??

Mcy56:
Well said Mendes.
Baba 333, let money work for you. Send it on errand. Your acct officer should be at your mercy.

tritritri:
Baby my money dan reduce..NSE dan reduce my cash ooh... i dont knw why i join dis yeye biz self