₦airaland Forum

9jaDoomCountry:
At the cemetery. Abba Kyari just finished changing his few days ago.

pmoye:
Thanks a lot for the clarification. It is probably a good idea to save money in foreign currency than in Naira right now.

I got the rate I quoted from https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=NGN

AdesegunSanni89:
The government officials are also citizens like you. If you can't offer advice the government on how to do it's work better, then keep quiet and stop complaining. What we are basically asking you is - what will you do better if you find yourself in government tomorrow? Or you no get anything for head?

PHijo:
Yes, or bitcoin. The Naira's near future is gloomy.

rusher14:
I made a very basic argument which simply implies that you must look inwards and stop looking for excuses.

The epistle was totally unnecessary.

chrischukszy01:
Amadioha combine with Ogun kill ur remaining miserable lyf idiot...never in ur lyf quote me again, if u see my comment u beta pass, before I report u to village people.

pmoye:
Bitcoin. Hmmm. I have read up about it but I still don't know enough to invest in it.

My previous experience with the clash in the Nigerian stock market about a decade ago is still fresh in my memory. I invested a substantial part of the money made during internship in Nigerian stock market which unfortunately was being manipulated, only for the stocks to crash heavily. I took it as learning process and moved on, and decided not to ever invest in something I do not perfectly understand the attendant risks and how to mitigate those. Since that time I have never tried to check the value of those shares... Now bitcoin. Let's say I inherited a large deal of reluctance from my experience with NSE.

I have thought about properties, but I also suspect that the crashing economy will affect the value of land and real estate in Nigeria as well. I am more comfortable with commodity market and saving in foreign currencies. The commodity market is likely to adjust more rapidly to changes in the value of Naira than real estate.

PHijo:
Yes, you are right. Property prices would be affected. I doubt the impact on land will be that significant. Nigeria's stock market will have serious challenges going forward. Nonetheless I wouldn't advice against investing in it if you understand what you are doing. Currently the prospects for investing in Nigeria are limited.

USD would have been a good alternative but I believe those who have it are already hoarding it.

Bitcoin is also not for those who don't understand it. Many fraudsters use it to defraud the unsuspecting public.

Depending on how much you have, this may be the best time to start your own business in Nigeria!

As much as you can, look for ventures that can earn USD or some other stable forex.

commodore007:
When the price of oil was high the common man never felt the impact, but when it's low the common man feels the impact more than anyone else,The population of those living below the poverty line is on the high side and no sensible government would like to add to the statistics,its high time we industrialize, it's high time we extract, process and produce tangible products.#we must turn today's stumbling block into tomorrow's stepping stone #God bless Nigeria#

pmoye:
You sound like an investment expert. I must confess.

I personally expect the price of land to crash in some parts of the country, but not the eyebrow areas. With the rising cost of commodities coupled with the fact that a lot of people are going to need money to meet basic needs, more people with landed properties are likely going to consider liquidating such assets to raise money, while on the average we might have fewer buyers of such landed properties. If this assessment is correct, then the buyers are likely going to influence the price causing some depression in the price of landed properties (not eyebrow areas though).

Oh yes, I have had a number of businesses in Nigeria for some time now.

tot:
Of course, says a government apologist.
Are citizens being paid bogus allowances and salaries for them to be doing the government's job? Why bother electing a government then? Why not just abolish it completely? Mschew. There is no end to the level of daftness on NL these days.

Metrofox:
OK I see you're a motivational speaker.. fair enough, Nigerians next time you need electricity , look inwards

dre11:
• Naira falls to N498/$ in forwards market





https://thenationonlineng.net/dollar-scarcity-stops-capital-repatriation-by-investors/

AdesegunSanni89:
So because Government officials are paid bogus allowances and salaries means that citizens shouldn't offer tangible advice to them? or because citizens aren't being paid bogus allowances and salaries means they can't advice their government? Indeed ''there is no end to the level of daftness on NL these days''.

Pseudonymous:
Why does the value of the Nigerian naira keep dropping? I don't understand.

◄ ►◄ ►◄ ►◄ ►◄ ►◄ ►◄ ►◄ ►◄ ►◄ ►◄ ►

Can you design a professional flyer with your smartphone? Kalu can.

How much do Graphic designers charge for flyers?

On average, $8.3

If you can design just 3 flyers daily, you'd be making $750 monthly.

That's close to

270,000 Naira monthly.




Send him a message now.

JasonJidenna:
To think that General buhari took so much time in appointing Failures and gathered some bunch of unprofessional certificate forgery mofo's as his economic team makes me angry....

Our Economy has been in total shambles even before the lockdown. No hope in sight for the common man except his Creator.

We didn't have it this bad when we had Ngozi Okonjo-Iweala handling our economy.


Na God go help us.

AngelicBeing:
Yes, God will help but as an AngelicBeing, I am telling you to get a visa and flee that jungle and go and realize your God ordained destiny

JasonJidenna:
I would love to bro, but I don't have the resources to move....


Where do you base?

AngelicBeing:
l want to be anonymous because of monitoring witches and wizards on Nairaland, let me give you a clue, I schooled in North America, but I currently live in one of this 3 places > Western Europe / North America /Newzealand. End of clues ..


God will provide funds to you to realize your dreams... Hallelujah

JasonJidenna:
Amen bro, A trip to Auckland or Ottawa won't be a bad idea.


I am hopeful.

AngelicBeing:
l, decree into your life that by the power and fire in the blood of Jesus Christ, your desire and eagerness to realize your God ordained destiny is delivered to you, be it unto you according to your faith.. Hallelujah �

SweetSoup:
Hatred has really blinded a lot of youth in this country, so it is Buhari's fault that CoronaVirus has cripple the world? It is Buhari's fault that oil price cost next to nothing because of Covid-19? Almost every country including the USofA, France, Germany, Great Britain, Spain, Italy, Soudi Arabia and lots more are either in recession or about to enter recession. United State of America is recording massive job loss, reason why their some of it's citizen has defiled lockdown to protest the lockdown in recent week. Covid-19 has destroyed the world has we used to know it, and i don't think the world can ever go back to normal. The virus has no cure and is highly contagious, the world would just learn to live with the current realities. Our government is very bad and has failed us, but what we are currently experiencing today is CHINA's fault.