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Naira Plunges To N472/$ As Forex Scarcity Worsens - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Plunges To N472/$ As Forex Scarcity Worsens (25320 Views)

Naira Plunges To N1,900, Rebounds To N1,354 Then Dips To N1,700/$ / FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom / Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension (2) (3) (4)

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Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by Ayemileto(m): 12:15pm On Jul 29, 2020
adonainana:
No wonder Bitcoin trading websites are flying and opening up left right centre.

I have been buying and selling bitcoin for some years now and i can tell this month alone, my phone no dey rest from Nigerians trying to buy bitcoin.

For those of you who read the article above and you heard for the next 2 months naira will depreciate and you are still not trying to convert all your money into cypto currencies. Then i pity you.

Please if you are a web developer and you can create all those automated websites which allow users to either sell and buy bitcoin without any human input, please get at me, i will pay any price.

I have more quite a lot of BTC to sell

Also to the buyer who scammed me after i sent bitcoin in advance to him https://www.nairaland.com/5984839/scam-alert-please-avoid-bitcoin

God will still punish you ooo still

Please web developers help me

I can be of help with the website.

Depends on the wallet you use though, as some have APIs while others don't.
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by GeneralPula: 12:16pm On Jul 29, 2020
Scarcity of dem boys that are bringing in Dollars everyday into the country is one Major cause why dollar is now getting cost in Nigeria..

3 Likes

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by nkiliuzo(m): 12:17pm On Jul 29, 2020
Lol, before the pandemic go end, it will be 1000 naira to $1.
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by Olatlaccon(m): 12:17pm On Jul 29, 2020
adonainana:
No wonder Bitcoin trading websites are flying and opening up left right centre.

I have been buying and selling bitcoin for some years now and i can tell this month alone, my phone no dey rest from Nigerians trying to buy bitcoin.

For those of you who read the article above and you heard for the next 2 months naira will depreciate and you are still not trying to convert all your money into cypto currencies. Then i pity you.

Please if you are a web developer and you can create all those automated websites which allow users to either sell and buy bitcoin without any human input, please get at me, i will pay any price.

I have more quite a lot of BTC to sell

Also to the buyer who scammed me after i sent bitcoin in advance to him https://www.nairaland.com/5984839/scam-alert-please-avoid-bitcoin

God will still punish you ooo still

Please web developers help me
Bros I dey buy btc o...make we talk
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by stagger: 12:17pm On Jul 29, 2020
Peng12345:
And I sold euro for 480 on monday, was I scamed?

Euro I changed yesterday at N525 in Abuja. Chai! Dem cheat you no be small.

1 Like

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by kalu61(m): 12:18pm On Jul 29, 2020
Awe4luv:
chai!, funding my forex account just got a whole lot bigger.......



would you love to learn forex.....* Training fee required* mentorship is free though.... call/whatsapp: 08167739165
lf you are good in forex, your shouldn't be funding but withdrawing

10 Likes

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by Nobody: 12:20pm On Jul 29, 2020
adonainana:
No wonder Bitcoin trading websites are flying and opening up left right centre.

I have been buying and selling bitcoin for some years now and i can tell this month alone, my phone no dey rest from Nigerians trying to buy bitcoin.

For those of you who read the article above and you heard for the next 2 months naira will depreciate and you are still not trying to convert all your money into cypto currencies. Then i pity you.

Please if you are a web developer and you can create all those automated websites which allow users to either sell and buy bitcoin without any human input, please get at me, i will pay any price.

I have more quite a lot of BTC to sell

Also to the buyer who scammed me after i sent bitcoin in advance to him https://www.nairaland.com/5984839/scam-alert-please-avoid-bitcoin

God will still punish you ooo still

Please web developers help me

DM me, let's negotiate.

090670..26092
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by ospido: 12:20pm On Jul 29, 2020
kingphilip:
The man that claimed he'll use the magic wand to make it $1 is still president though and still have over two years.

So let's hope it doesn't get to N1,000/- before he leaves power
k

They have bastardised the economy.
In the game of draught spectators see more.
Talk is so so cheap.
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by stagger: 12:20pm On Jul 29, 2020
SmartPolician:


Go and write this somewhere, cryptocurrency will never outrun fiat currency. Anyone delving into cryptocurrency is gambling because no government will allow a currency that it cannot control to thrive its domain.

Government wants to be in charge of everything that happens in its domain that's why cryptocurrency can't take the place of fiat currency without government involvement.

Just to be sure that they scare people from buying into a decentralized crypto, governments are claiming that virtual currency is used to fuel the dark web.

Be there. I have made more than N600,000 in Bitcoin trading this week alone. Make you dey there dey speak big grammaticus.

11 Likes 1 Share

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by Philipxxxx0: 12:23pm On Jul 29, 2020
phr33man:


Imagine the number of people purchasing crypto daily which is valued in dollars. Imagine the immense wealth leaving our country daily. What do you think attributed to the continues rise in the value of bitcoin and other crypto if not the demand? To many Nigerians and world at large today, the surest and quickest way to financial freedom is crypto.

Monthly limit isn't the issue but the population diving into it. As at today, I'm 95% sure that 15m people has at least a few dollars worth of bitcoin or any other crypto. If we assume each has $10 crypto worth, that whooping $150m gone to western world and this grows daily.

My view...

The western world are exploiting us big time now than ever. They tried to find an explanation to this crypto thing but the more you study, the more confused you are. They say it's decentralized but someone/some sets of people started it. Hmmmmmm.... Shey this thing no be ponzi like this? Do you still remember egold, ebullion etc. Where are they today?


We need to think deep.... And wake up in Africa
So if a citizen uses his money to trade cryptocurrency for his own gain, what consign you or your government with that. Government refuses to provide employment for the people, now people are looking for how to better their lives , it is now crime to do so?

4 Likes

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by stagger: 12:24pm On Jul 29, 2020
Please I also need those who can create the BTC buy and sell websites. You have to be uber good at this and make sure the sites are virtually unhackable. Send me a message at dankrabb at gmail dot com with your credentials and quotations.
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by SmartPolician: 12:28pm On Jul 29, 2020
stagger:


Be there. I have made more than N600,000 in Bitcoin trading this week alone. Make you dey there dey speak big grammaticus.

You better save your money in government-approved currencies because pump and dump go still happen soon.

Till today, US SEC is still insists that some crypto whales manipulated the bitcon spike of Q4, 2017.

Mind you, I am nowhere near broke

1 Like 1 Share

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by Originalsly: 12:28pm On Jul 29, 2020
salveoP:


I want to convert some of my savings to USD. How is the exchange rate in black market?


Do it.... regardless of what the current exchange rate. You would gain if the Naira gets weaker.... you will lose if the Naira gets stronger. Look at our economic situation.... our productivity.... our debts.... our plans and efforts to boost the economy.... our foreign reserves and then ask yourself if the e economy is likely to get better or worse. Get better the Naira will be stronger... worse weaker.

5 Likes

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by stagger: 12:29pm On Jul 29, 2020
SmartPolician:


You better save your money in government-approved currencies because pump and dump go still happen soon.

Until today, US SEC is still insists that some crypto whales manipulated the bitcon spike of Q4, 2017.

Mind you, I am nowhere near broke

Who made mention of you being broke? A sign of inferiority complex.

3 Likes

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by Gokoyer0(m): 12:31pm On Jul 29, 2020
Not all. The thing is that, once international airports are back to operation, the rate can fall back to less than 400 naira
Peng12345:
And I sold euro for 480 on monday, was I scamed?

2 Likes

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by SmartPolician: 12:33pm On Jul 29, 2020
stagger:


Who made mention of you being broke? A sign of inferiority complex.

Not at all

Your comment portrays a picture of a broke person who can only speak big grammar.

So, calm down

6 Likes

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by adonainana: 12:34pm On Jul 29, 2020
humblyphilip:


DM me, let's negotiate.

090670..26092

Please whatsapp me

+44 75 916 839 24
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by adonainana: 12:35pm On Jul 29, 2020
Olatlaccon:
Bros I dey buy btc o...make we talk


Please whatsapp me

+44 75 916 839 24
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by SIRTee15: 12:35pm On Jul 29, 2020
Thank God buhari returned to rule this country as a civilian president....
Or else his followers and fellow ignorant Nigerians won't let us rest. You will be hearing things like 'Only buhari can kill corruption and make our economy like Dubai'. I heard that nonsense while growing up.

I've never seen a leader as incompetent and ignorant like buhari. He has no idea how to run a cattle farm not to talk of a nation. He lacks any iota of leadership quality or managerial capability. No wonder his cows never increased beyond 10 for 20 good years.

The massive looting going on right under Buhari's nose will make Abacha convulse violently even in death. The lack of any meaningful economic policy has turned nigeria into poverty capital of the world.

His unrepentant supporters continue to shamelessly give excuse, while buhari's ministers mercilessly bleed the dying economy n cashing out big time.

The truth is Nigerians don't have a president. The seat of presidency is as good as empty. Those in the corridors of power are very much aware of this and thats why they loot with impunity and without fear.

Tinubu who forced an economic illiterate on Nigerians will never apologize, rather he's planning on how to take over in Aso rock and make bullion van transport to his ikoyi residence official and regular.

If I'm a buhari supporter, what I'll be doing right now is propagating the Jubril impostor story. I will claim the man in Aso rock isn't the buhari I campaigned and voted for. At least that will explain why the nation is on auto cruise.

5 Likes

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by adonainana: 12:35pm On Jul 29, 2020
Ayemileto:


I can be of help with the website.

Depends on the wallet you use though, as some have APIs while others don't.


How expensive would the website be do you have an idea
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by adonainana: 12:36pm On Jul 29, 2020
Decypher:
I can develop one for you.. how do I contact you?


Please whatsapp me

+44 75 916 839 24
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by Chidonc(m): 12:38pm On Jul 29, 2020
phr33man:


Imagine the number of people purchasing crypto daily which is valued in dollars. Imagine the immense wealth leaving our country daily. What do you think attributed to the continues rise in the value of bitcoin and other crypto if not the demand? To many Nigerians and world at large today, the surest and quickest way to financial freedom is crypto.

Monthly limit isn't the issue but the population diving into it. As at today, I'm 95% sure that 15m people has at least a few dollars worth of bitcoin or any other crypto. If we assume each has $10 crypto worth, that whooping $150m gone to western world and this grows daily.

My view...

The western world are exploiting us big time now than ever. They tried to find an explanation to this crypto thing but the more you study, the more confused you are. They say it's decentralized but someone/some sets of people started it. Hmmmmmm.... Shey this thing no be ponzi like this? Do you still remember egold, ebullion etc. Where are they today?


We need to think deep.... And wake up in Africa
OG, we fit connect make you teach me how to trade. Local man has tried.
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by Chidonc(m): 12:40pm On Jul 29, 2020
adonainana:



Please whatsapp me

+44 75 916 839 24
Sir can I connect to you, so you can teach me how to trade, I know is only right I ask you before picking your contact.
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by Raph82(m): 12:44pm On Jul 29, 2020
I regret not finding my way out of here few years back when I had the opportunity. I won't be surprised if Nigerians in refugee camps in Europe are coming home to build mansions and establish flourishing businesses. Ordinary office floor cleaners in those countries would be self made millionaires when they return home.

2 Likes

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by yesloaded: 12:47pm On Jul 29, 2020
phr33man:


Imagine the number of people purchasing crypto daily which is valued in dollars. Imagine the immense wealth leaving our country daily. What do you think attributed to the continues rise in the value of bitcoin and other crypto if not the demand? To many Nigerians and world at large today, the surest and quickest way to financial freedom is crypto.

Monthly limit isn't the issue but the population diving into it. As at today, I'm 95% sure that 15m people has at least a few dollars worth of bitcoin or any other crypto. If we assume each has $10 crypto worth, that whooping $150m gone to western world and this grows daily.

My view...

The western world are exploiting us big time now than ever. They tried to find an explanation to this crypto thing but the more you study, the more confused you are. They say it's decentralized but someone/some sets of people started it. Hmmmmmm.... She y this thing no be ponzi like this? Do you still remember egold, ebullion etc. Where are they today?


We need to think deep.... And wake up in Africa


Sir, this is not a matter of crypo or Western world

It's simple law of demand & supply

Government is not doing well in the area of commrce especially exportation

If government could create enabling environment for exporters there will be reduction in this scarcity of foreign exchange

9 Likes

Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by RealEzee(m): 12:49pm On Jul 29, 2020
Omooba77:


Few of them even had first class in Accounting oooo, yet they forgot all they learnt in school...............
I saw it earlier in the morning and I SHOOK MY HEAD..........................
as in the thing Taya me ooo
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by RealLordZeus(m): 12:50pm On Jul 29, 2020
adonainana:
No wonder Bitcoin trading websites are flying and opening up left right centre.

I have been buying and selling bitcoin for some years now and i can tell this month alone, my phone no dey rest from Nigerians trying to buy bitcoin.

For those of you who read the article above and you heard for the next 2 months naira will depreciate and you are still not trying to convert all your money into cypto currencies. Then i pity you.

Please if you are a web developer and you can create all those automated websites which allow users to either sell and buy bitcoin without any human input, please get at me, i will pay any price.

I have more quite a lot of BTC to sell

Also to the buyer who scammed me after i sent bitcoin in advance to him https://www.nairaland.com/5984839/scam-alert-please-avoid-bitcoin

God will still punish you ooo still

Please web developers help me
Contact through my signature for a fast and affordable job
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by RealEzee(m): 12:51pm On Jul 29, 2020
GeneralPula:
Scarcity of dem boys that are bringing in Dollars everyday into the country is one Major cause why dollar is now getting cost in Nigeria..
speak freely Padi mi, which 'dem boys' do u mean na grin
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by Mires: 12:51pm On Jul 29, 2020
phr33man:


Imagine the number of people purchasing crypto daily which is valued in dollars. Imagine the immense wealth leaving our country daily. What do you think attributed to the continues rise in the value of bitcoin and other crypto if not the demand? To many Nigerians and world at large today, the surest and quickest way to financial freedom is crypto.

Monthly limit isn't the issue but the population diving into it. As at today, I'm 95% sure that 15m people has at least a few dollars worth of bitcoin or any other crypto. If we assume each has $10 crypto worth, that whooping $150m gone to western world and this grows daily.

My view...

The western world are exploiting us big time now than ever. They tried to find an explanation to this crypto thing but the more you study, the more confused you are. They say it's decentralized but someone/some sets of people started it. Hmmmmmm.... Shey this thing no be ponzi like this? Do you still remember egold, ebullion etc. Where are they today?


We need to think deep.... And wake up in Africa

For your record, btc is the new world order. No country law is against its acquisition, trading, etc
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by KrazyDave16(m): 12:51pm On Jul 29, 2020
phr33man:
Could massive purchase of crypto be the cause? I think yes.
I hope that's not the case...
Re: Naira Plunges To N472/$ As Forex Scarcity Worsens by AFONJAPIG(m): 12:51pm On Jul 29, 2020
This is a good news for us sending money back home. I wish it will plunge further till 15th pay day, that means extra money in my account... Hehehehehe yeyeyeye country... Buhari keep it up

3 Likes 1 Share

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