₦airaland Forum

pizapato:
This was my post few weeks ago.

The twist is coming earlier than expected.

Anyone with the plan is to hold for wouldn't panic. For those that know the game, it is a normal move. Na to hold and average down as rate falls.

pizapato:
Dey play.

When boys are warming up to mop up again anything below 800

I like your optism. Check the post of AwesomeJ on this thread and see how he discouraged people from changing below 500 few years ago. I'm sure experience has taught him that the thieves at helms of affairs of this country are unwilling to address the true solution to the problem


The true solution to the dollar quagmire is for government to cut the operational budget of all federal parastatals and ministeries by 50%. The money given to these ministries/parastatals are largely stolen, which is in turn used to mop up dollar by the looters.

If they don't do this, the solution you are seeing now is only a quick fix that will push dollar to sub 800 but in few months or one years time, the dollar will continue its upward journey again.

narite:
Yeah!!! You failed to mention that you buy the best performing assets and stay away from clear losers. I won’t touch the Naira or anything denominated in it with a pole. Don’t fight the trend folks, I learned this the hard way.

Do you hear what is currently about to happen in Argentina? That will be the fate of all the nations in the world very soon, one by one.

legendaryprime:
Please house, a technician should give me estimate of installing a solar panels that can power a 200 watts freezer, just 1 freezer, a small standing fan, 2-3 led bulbs, and to charge my MacBook pro laptop not every time just incase, please i need a reasonable estimate for a durable solar system

Siberia01:
dem don send you liquidation message?

Acidosis:
Well, you're right. But as a student of leadership, it's okay to learn from the leaders, and so far, Nigerians are doing a great job. How do you think the japa wave started? It wasn't necessarily because more Nigerians had access to visa offices. Years of watching politicians celebrate their kids on graduation from US and UK universities is making everyone detests naija's products.

I mentioned earlier that $$ investments can't work like MMM. I don't think people should be investing in $$ denominated platforms with the intention of cashing out in 2 weeks. Naira will always rise and fall. However, there are sufficient evidence, dating back to 1972, that confirms and positions the naira as a weak currency.

Aremson14:
Any1 has an idea what fedral mortgage bank pays?

Ogechi98:
Anytime I dey see thread like this about naija babes I come dey reminisce on those days when I been dey date naija babes.. I been dey simp Sha.. but thank God for the Redpill.

sunnymighty:
Fabio 'Lanipekun you mean to say?

Davicl:
Do you know if ijemba is still with them, i Mean radio parazzi

omoayo01:
Please house, I need your opinion
Please what kind of work can someone learn and invest in? Profitable one please 🙏

Davicl:
Yes she's among

gfaruk:
I would love to be a football commentator
How do one go about it

awesomegenius:
I miss the old brilafm

Davicl:
Reminds me of Mofi ijemba and co On birllafm Sunday sport show ...... kaiiiii 😊 old golden days

ThePundit14:
His commentary is so appealing to the ears even after 3 decades. However, I think Emmanuel Etim is doing a good job as well

Racoon:
The ingenuity of the Igbo man is truly legendary.Ernest Okonkwo was indeed legendary in his own class but I still think Akiloye Oyebanji almost came close. Same as Larry Izamuje of Brilla Sports. Modele Sarafa-Yusuf also tried

FREDCLSSICO7:
I go cover you well with enough 💦💦

Gkay1:
So on dis Tinubu regime, I will subscribe my DStv and use 670 to buy fuel and watch dis useless show.
God forbid
I will rather give the money to the street begger

Chijeep:
So someone somewhere in Nigeria will sub DSTV, buy fuel 620/ltr and burn it on this useless TV porn show?
Be like say our mumu never too mch 4 dx corn-tree despite wetin APC dey turn d corn-tree to

SOSinNigeria:
Daily times is a poor newspaper. I can tell you that virtually all they wrote here is based on assumptions. Everyone knows the situation in Nigeria. So, they create stories based on their assumptions and add fictitious characters to it.

Meanwhile, Tinubu has destroyed Nigeria's economy in less than 2 months. Millions of jobs lost and tens of thousands of SME's closing down everyday. Poverty is spiking at all time high while consumer spending power is zero.

An irresponsible man has no business being a president!

Basicend:
Just about 10 years ago. . Entry level jobs in intercontinental bank, diamond bank, GT Bank, Virgin Nigeria, Unilever was as high as #185,000 - #200,000 after training schools.

Those days, an entry level staff could easily buy a very 2nd-hand or cheap brand new car. .

Today, most entry level jobs are contractual and the pay is around #70,000. . In a hyping inflation besieged economy.

Today. . Most of them can't even pay house rent.

How did we get ourselves to this level?

Jackossky:
Hi bosses in the house

I'm delving into the corporate space and I want to play it smart. Learn from mistakes and maybe, take one or two advice from the experience shared

Prospective employees can also find this beneficial too

What's the worst experience you've had at a job?

With the devaluation of Naira, it is now crystal clear that anyone who invested in ONLY Naira denominated debt instruments without hedging has depleted their life savings.

From 2015 - 2023, the value of Naira has lost more than 380% in value. This demonstrates that no matter how much you compounded in the last 8 years. It is a TOTAL LOSS !



An interesting fact
"A" had $100,000 in 2015 and decided to invest in Nigerian debt instruments. A converted the funds to Naira @ N216/$ = N21,600,000. A locked in the funds for 10 years at 17% per annum.
After 8 years, A had an interest of N29,376,000. A total of N50,376,000 was realised after 8 years.

"B" had $100,000 but was lazy and decided to leave his own in a Dom acc with interest rate of 0.3%. Interest rate after 8 years was $2,400. Today, B decided to sell. Total capital and interest of $102,400 was sold @ N835/$ = N85,500,000. ("He doesn't have to sell yet"wink

A heard what B did and said had I known. Moral of the story, investing in debt instruments of a declining economy will only make you POOR. There is a reason why Dangote is the richest man in the world yet he uses public debt instruments to fund some of his projects.