₦airaland Forum

Incognito9:
I converted all my savings into dollars when the exchange rate was at $1/1600, and staked it in Binance. But since the Naira started appreciating, I had to redeem the money and trade a coin with it.

TBH, I have doubled the money, so far I'm on the winning side. But if it go below $1000, I will repeat it again.

Nah physical dollar hoarders, I dey pity

Normally dollar earners are still on the good side. But the money for dorime don reduce.

You know that flex of receiving small $2k and in naira it's almost 4m when the rate was about 1900/$1. I really smile that period

Itsrm:
One day I wanted to buy apple, the woman told me it was 500 naira per one. The apple was smaller than what I usually buy at 400 naira in market square.

Had to ask why her apple is more expensive than market square when market square pays staff, probably has a loan they are servicing and sometimes run 24/7 on diesel. She didn't have any reasonable response apart from the normal cock and bull story of how she bought one at 499 naira and naira is her gain.

Another instance, my son wanted to celebrate his birthday so we had to prepare a party pack for his classmates. I went to the store someone directed me to. I'll point at one thing she will say it's 1500 per one. I'll point at another and she'll say its 2500 per one. Even the pack itself she said its 500 naira per one. There are 22 children in his class. If I put gifts of 5k in one party pack, I'll spend more than 100k. I left her shop and went to mile 3 market.

The pack she told me was 500 per one, I bought dozen for 1000. To think she will even buy cheaper than me because I was so shocked at the price that I didn't even bother to price it.

That experience really opened my eyes. When next I have things to buy in bulk, I head over to mile 3.

They keep using exchange rate excuse to increase price of products ridiculously.

izzou:
[color=royalblue]I saw a cow that costs 950k today.

No jokes....Cow wey people dey pick for 450k years back.

So, i can relate with what you're saying.[/color]

The cost of meat is something else. What I did is buy a fish pond. Anytime I need fish I take people there and they bring fish for me. I didn't pay much money for it, but the fish I've gotten from that place so far if I go to the market to buy it ehnn

LordAdam16:
Hang in there, mate!
It'll go lower.

CBN sold at 1,200 in the official market today.
Cardi B is not done.

This is bad for some of us. I don't want the naira to be lower than 1,500/$1

izzou:

When you buy meat last

OasisX:


......₦1,000 is the target for now, but Cardi B fit go lower though.

It shouldn't go lower than it is now abeg

How come nobody don talk about meat for here sef. Price of meat is something else now lol. 20k soup for only two people doesn't last two days. If you see meat of 15k you'll shed tears of agbado

larride:
When dollar rate crash, they will keep telling you they havent exhaust old stock as if they bought millions of stock with high rate of $$.

Dollar is going down yet price is increasing.

Let's continue deceiving ourselves lol. Dollar can crash to 800/$1 and you'll see them still selling at outrageous prices with the usual excuse.

Business people don Dey talk their side of the story…..

izzou:
[color=royalblue]Lol. I no even know the difference between the fall and rise of naira.

I paid 40,100 from Abuja to Lagos. Something i paid 33,500 in February.

I no blame them. The PMS price is always adding 1, 2 and 5 naira at intervals, yet the naira is gaining against the dollar[/color]

That's why I said the dollar should rise again, because we don't feel the impacts of a high naira.

Ibime:
I think it's the rebel part. I remember Memphis impassioned speech after Benjamin Mendy got acquitted. Memphis is a "campaigner" on this matter, but €1m for someone he barely knows like that shows a fool easily parted with his money.

I just finish Tyson, Ali and Joe Frazier autobiographies and in all cases, you can see how these guys ended up broke. No discipline with money at all. Moving on to Roberto Duran who suffered the same fate.

Maya Angelou is goated

Diddy’s problems getting bigger. I thought he was clear

LordAdam16:
Annual inflation is at 30%.
Also, there are folks who ordered goods at 1700 and are yet to clear the container.
You'd not expect those folks to sell at 1300 rate.
There are also businesses that had been making huge FX losses and are understandably not in a hurry to slash prices.

There has been a marginal drop in the prices of some goods.
It'll take about a quarter for the impact to be felt across the board.

In any case, Cardoso has declared a nationwide 30% discount on everything.
Knowing Nigeria's rabid appetite for all things foreign, dude is writing a check that the CBN can't cash.
The reserves has resumed its inevitable fall. It's only been one week.
https://www.cbn.gov.ng/IntOps/Reserve.asp

The buy signal is when Cardoso takes a victory lap.
We'll still get to >2000. This is a detour.
I really do hope we get to 800. The lower the better. It'll make the alpha sumptuous.

In the meantime, if you earn in dollars (like I do) and are about to brace an up to 40% (if not more) drop in earnings in naira terms, (Ouch!) you'll have to dig in, brace for impact, and defer in-country capital expenditures until prices reflect the FX drop or rates crash again; whichever comes first.
Everyone else should enjoy the cheap $ while stock lasts.

-Lord

Yeah I earn in dollars, and I want the rate to go back up as soon as possible because the current low rates have zero benefits to me.

Halo season 2 is a masterpiece. It's been a long time I watched a series/ movie and got this satisfied.

When the price of goods and services soared a while ago they said it is because of the high rate of dollar to naira. Now dollar to naira rate has crashed, but the prices of goods and services are going up instead of going down. Infact things are even getting more costy.

Honestly, I want the dollar to go up to as much as 2500 to naira if possible, that will favour some of us better.

From my experience after using four different phones from different xiaomi brands, xiaomi devices have a short life span. On the good side, they're very customizable ( for people interested in that). After two years just dump the phone or dash it out because it'll frustrate you.

Nigeria is a crazy country.
You can literally get anyone arrested as long as you have enough resources. For example, if izzou and I have a beef, and I have more resources than him, all I have to do is bribe a DPO, and izzou can be framed for theft or any other crime he never committed, and he'll be locked up until whenever I want him freed.

The only place in Nigeria where you can have issues with someone who has way more resources than you without you getting fvcked up is social media.

iamoyindamola:
Shogun ep5


https: //mega. nz/file/ YXkUHILT#6oEeamH3duRlPBdWjPVZ3Ki6seXrWpHMOTOcJ0Xcpe0

It doesn't have subtitle

OasisX:


In February 2024, the Federation Account Allocation Committee (FAAC) distributed N2.07 trillion to the three levels of government from the revenue collected in January 2024.

States Breakdown:

Abia: 8.3BN
Adamawa: 8.4BN
Akwa Ibom: 26.6BN
Anambra: 10.1BN
Bauchi: 8.3BN
Bayelsa: 22.8BN
Benue: 9.7BN
Borno: 10.5BN
Cross River: 6.6BN
Delta: 38.1BN
Ebonyi: 7.3BN
Edo: 10.2BN
Ekiti: 6.9BN
Enugu: 8.5BN
Gombe: 7.1BN
Imo: 9.5BN
Jigawa: 9.8BN
Kaduna: 7.3BN
Kano: 13.6BN
Katsina: 9.8BN
Kebbi: 8.8BN
Kogi: 7.4BN
Kwara: 7.3BN
Lagos: 23.6BN
Nasarawa: 7.7BN
Niger: 8.5BN
Ogun: 7.1BN
Ondo: 10.3BN
Osun: 7.8BN
Oyo: 10.5BN
Plateau: 7.8BN
Rivers: 28.4BN
Sokoto: 8.4BN
Taraba: 8.1BN
Yobe: 7.9BN
Zamfara: 7.9BN

Delta state has been receiving the highest allocation in the country since 2017, but nothing to show for it. Most of the residents of the state don't even know their state receive the highest allocation. Very useless state.

Raumdeuter do you abhor betting in all forms or .... Let's bet on Trump winning or losing the presidential elections. You didn't reply me till date. Abi the money I said is too small for you?

Seun is probably cooperating with the tinubu led fg. Who knows if he's giving them our private data... Might have to start using nairaland without account.

TemporaryHansel:
Power that is useless without money from our oil?

If they finish blowing up those oil pipelines let's see what Tinubu will hang on to.

I typed thièfnûbu( without the special symbols) and nairaland changed it to tinubu. Lmao

When was Seun threatened??

airmark:
Last time they asked Obj, he didn't regret the military action in Odi and all the hue and cry that he would be charged to the Hague, vanished like Coogar.

I like this your chest-beating, but remember the power is absolute at the center.

Power that is useless without money from our oil?

If they finish blowing up those oil pipelines let's see what Tinubu will hang on to.

Blow up oil pipelines and the president will withdraw his soldiers back to wherever he sent them from. Simple.

Have Deltan militants become weak or what?

raumdeuter:
Trump: If I get elected I will put tarrif on every Chinese car, if I don't get elected, it will be a bloodbath for the auto industry and the country

Liberal media: Trump promises bloodbath and violence if he loses

Saw the headline on several liberal news channels.

airmark:
He cut her lips and nearly severed her neck, you reported.

Even a lady without parents alive, will still have family members that are not humbled by poverty not to take necessary steps against a human butcher.

I can't wrap my head around the story.

He has beat that lady more than ten times. The lady's brothers even chased the guy out of town in one of those times and almost burnt his house. Despite all that the lady keep returning after every brutal pummelling. Family just decided to remove their hands from her matter, because irrespective of what happens or what they say she'll still return to the guy.

airmark:
This sounds like Ikebe super story.

Super story? You don't know how abusive a lot of relationships/marriages are in this country. But the culture of not reporting a partner to authorities irrespective of what happens seems to bring the situation under the radar.

airmark:
Why was the husband not arrested?

Because nobody reported him to police.

Sportsweb:
One of my aunt is passing through this. Her husband is even a senior lawyer.

Dem don separate and reconcile almost 5 times.

I know another lady like that. Husband don cut her face anyhow. She still returned, this time around the guy cut her lips off and almost removed her neck if not that the cut wasn't too deep. She's still in the hospital now, but I'm 90% sure the fool will still return to the guy when she's out of the hospital. Her family don talk tire,nobody dey put mouth again.

Lady was so beautiful back then but the guy has disfigured everywhere now.

seankafor:
nawao, how did you even stand to watch a man abusing a woman physically

Just heard she has returned to the house. Just two days later after she was almost pummelled into coma.

Na person wey you want make i waste my time interfere make them no beat am be this