₦airaland Forum

companies, individuals and the country became poorer and made huge losses by that singular action. Exact same thing that happened in 2015/2016. Smh.

https://nairametrics.com/2023/11/27/weak-naira-threatens-tinubus-1-trillion-economy-ambition-as-devaluation-lessens-gdp-value-in-dollar-terms/

What was once a $500b economy, is now a $290b economy and still plummeting. With the release of Q3 figures, SouthAfrica may once again be resuming its place as the largest economy in Africa.

Long live the APC!

Nlfpmod seun oam4j

heroshark:
So an immigrant shouldn't have an opinion? Why are you all pretending ? Most people paying £10k to get a care COS from Nigeria, if they qualify for Canada PR they won't be paying such outrageous sum to come to the UK to do care.
Over 80% of Nigerians that migrated from Nigeria to the UK on skilled worker visa came through the heathcare worker route.

So when I said many Nigerian that rushed to the UK won't qualify for Canadian student or PR route I stand by it 100%.

I've met many that have been denied either Canada or US student visa b4 trying the UK.

Stop the hypocrisy and check the Nigerians among you, mostly those working in care sector, how many of them have the education (not including any MSc obtained in the UK) , skillset, experience and age to secure the top CRS point for Canada PR route ?

I know we have some very brilliant and talented Nigerians in the UK, so I try not to generalize.

The keywords in my post is Many not majority and rush (you can't rush to Canada, it's simply impossible).

na you get time dey argue with that fellow.

The fellow's thinking and responses na dead give away for how he/she lacks depth of reasoning. I will even say not many, but majority of those flooding the UK na cos of the ease compared to Canada, US etc. Express entry or student visa for Canny dey extremely cumbersome or outrightly unattainable to majority of them, na the simple fact.

Should we talk about the looooooooong processing times for Canada, or the point based system that is mad competitive. You literally have to be young (under 30 or early 30's), with MSc, and French to even be on queue, but trust some nairalanders to be allergic to facts and truth-telling. UK runs wey you fit run everything in under two months at age 45 sef.


Shioor

ademola2017:
In 2017, i expressed my deep concerns on nairaland about my now ex wife double dating game before we got married, her attitude towards me and how the relationship was one sided.

I got several advices to let her go but decided to give the marriage another chance but it eventually crashed in March 2022. We did all we could to save the marriage but to no success. We were done patching. No child was involved and absolutely nothing to show for the marriage after 8years of being together. I still feel the pain but it gets better everyday.
I credit myself for not cheating on her till our last days together and even months after our separation.

After several months of being celibate, I had sex with a young 25year old lady. I met her through a family friend 2 months before she got pregnant

Just one intercourse, she became pregnant. At first, i doubted it because I laboured very hard to father a child for 8yrs and with just one sexual intercourse, someone is carry my baby?? with me being very knowledgable about calculating ovulation dates and timely intercourse, it conformed so I had to accept the pregnancy as a sign from God.

Deep down, my new partner and I do not love each other but the respect for each other is on point. We have ZERO expectations from each other. We communicate well and have started living together in peace. No arguements, no drama and no issues at all.

I changed my mindset by taking her as my younger sister and she does same by taking me as an older brother.

It feels strange to be at so much peace with someone that I dont love at all. Our baby is coming and I am scared things may change when the true reality sets in.

What do you guys think?

you made a lot of mistake in the past, but I won't dwell on that seeing as past is past. This is what I 💯 would do, if by some bizarre chance I were in your situation.

1. Conduct a DNA test to ascertain I'm the father of the child
2. If the above is a positive result, I will care for her and my baby just as i would if she were a wife, but we absolutely ain't getting married. Bear in mind, the love you say ain't there will grow to be there. Men love respect and peace, and will come to love a woman who can provide those two things. With years of good knacking the love will be there to some extent, both ways. However, marriage is a big deal for me, and I am only getting married once in this lifetime.

See the sum-bitches...

Lower than animals!


No honor!

The same sum-bitches especially the worthless one who dubbed itself dem manna here praised Buhari to high heavens for 8 years and called everyone who pointed out his incompetence a wailer and hater of Nigeria. Bastards all of them. Now Buhari is the bad guy and Tinubu is the one who inherited his mess...They have once again refused to accept that Jagabandit is incompetent and delusional, and I can surely prophesy that he just like Buhari, Jagabandit too would be blamed for the woes the next government will inherit.

Lower than animals!

Zahra29:
https://www.bbc.co.uk/news/uk-scotland-tayside-central-67509428

Blimey....what on earth got into him

I laughed like person wey drink kai-kai while reading this.🤣🤣🤣

Ise aye ni....na village people on the beat🤣🤣🤣🤣

Well, he did say 'You all would labor in vain'. Reducing salaries to una civil servants amidst double-digit inflation is a welcome development as it helps his proclamation come to life.

Sai Jagabandit!


Lol


Una must lose weight by fire by force. Eyin bi ti bawo...e ma gbon😎🤣

Meanwhile, aye NLC ma baje if they call for any strike. There should be a limit to gullibility and stupidity. Awon oponu.

sukkot:
;Dlol Chief na temporary setback ooooo. When dem faya that refinery next month all ya USA dollars go turn to Zimbabwe dollars ooo 😄😄😄😄

the thing I love about facts so much is that they don't bend, and everything I said is the FACT....and the evidence like the few below are everywhere. Make we dey watch as every every unfolds sha...I never see wetin go make me hold my funds in Naira anytime soon. Only my car business and my main business capital which I keep cycling na im dey linked to naira. Everything other savings na USD and I no fear one teensy weensy bit😎

Fullclub

Any update on your job search? Last I followed, a few people offered to help...I hope you or wife or you both have secured a job/jobs now..

Progressivegee:
Oga hypocritical bullcrap, learn to comprehend before writing, it will do you a lot of good trust me. Its like d thing touch you as a factory worker but why should it? As hard as the job may be, factory work is noble and puts good food on the table of many. Its fine. Do your job with pride, let me do my care job with pride. We can all aspire to greater heights, irrespective of where we find ourselves today.

You will be fine, Trust me. life isn't so deep, even though you tend to look at it in 3D

lol. Na naija I dey. Oya burst a blood vessel ontop the matter.

Your post
You have never seen any post denigrating care workers. You still dey find evidence? Dey play. By the way I only stated some of the hazards of factory work and did not denigrate it

My post
Others only stated some of the hazards of care work which include cleaning poo, vomit, urine etc and other unsavoury bodily excrements, hazards, but they did not denigrate the profession.

Again, still can't seee your hypocrisy in 3d now?🤣

jedisco:
Hmm...probably working as an independent contractor and might now be involved in COS racketeering.. sorry issuance. Care has it's pros when done rightly

lol. Abi oo

As always there is always that aunty, uncle, friend, 'somebody I know' making bank, until the wind blows and then fowl yansh opens. Lol

Lexusgs430:
Remember, I mentioned my eyesight is now very dodgy........ My brain too, don dey touch ......😂😜

No vex ...... 😁😜

this right here made me laff so hard. You and humor na 5 n 6 aswearugad.🤣

Progressivegee:
You have never seen any post denigrating care workers. You still dey find evidence? Dey play. By the way I only stated some of the hazards of factory work and did not denigrate it. Hustle is hustle.

hilarious back and forth....a whole lot of hypocritical bullcrap, but this takes the cake.

Well, in same vein, others only stated some of the hazards of care work which include cleaning poo, vomit, urine etc and other unsavoury bodily excrements, hazards, but they did not denigrate the profession.

See your hypocrisy in 3d now🤣

Make e pain you from now to infinity, some will never ever want to do that and they are well within their rights not to, but you accused them of denigrating it, buy choosing to do anything else but that specific work. Does a personal disdain for a career or job translate to an attack on it? I may not want to be a carer, but would rather work in a factory or ride okada. Does that simple detail/difference make sense to you now?.

Viruses got you all by asking you all to provide proof of the wishy-washy accusation. None of you have provided the proof because it doesn't exist. Lol

Eku Ile o. O to ojo meta.

Omo...this heifer has balls of steel. She get mind! Well, women dey get mind gan.

You need to get mind to pull this kin tin off...20m USD fa, without being a politician. Na Odogwu you be.

Really?


But Nairaland morons said jagabandit had sorted that out months ago.....

Oh well🤣🤣🤣

Lol. Babe went into negotiation mode straight.

Game knows game. They are even.

She thought she was smart collecting UBER money but refusing to show up, and refusing to decline the money or refund. Now he showed her he get skuuchies too...


This was funny as hell. 🤣

If you no buy/hold dollar, wetin you gain? Lol

If you no buy and hold dollar, wetin you gain? Lol

airsaylongcome:
On the contrary, we spend considerably more during the festive season. Yes, FX inflow from IJGB but I expect that not to happen this year as there will be a final push to emigrate to Jand before the Window closes in January

beyond that sef, this is 2023. With fintech solutions like lemonade, lemfi, wise etc ain't no one needs to come into the country with physical dollar bills. They just do the transaction and get naira equivalent of wetin dem go spend straight into their account. Those days of bro Andrew packing dollars home for December are long gone.

ACRI:
The idiots celebrating this are betting against their country....your kids/ future kids will pay for it if you don't stop.


Americans don't bet against their currency by storing up foreign currency like pounds sterling


All of you have been mad doing this are crazy irredeemable people....

We need a millitary style leadership from PBAT, he needs to take drastic actions against UNPATRIOTIC elements, the act should be treasonable and people jailed for it !!!!

let Tinubu start with Ganduje that also collects even bribes in dollars. That would be a good one to start with....lol

Abrah20:
Point of correction, the gain is not little.

leave that guy. He knows nothing. For him mind those aboki dey stay for road for decades for nothing. Wetin dey pain me be say the drop was short-lived. I didn't expect it to shoot back up so fast. I bin wan buy 4k USD...will wait to see if any FUD brings it down. I need it to come.down to at least 900 that way I can realistically get 400*4000 as ROI before year end.

AbuTwins:
Nigeria is in a resetting stage!

That's how it would be!

It will first get tougher!

Wema Bank for example posted over 100% profit!

Companies that can't compete would of course fold up!

Many of those complaining won't say pim if it the president had been been their candidates and the masses were facing this!

$1 depreciated from ₦1300 to close to ₦1000, how many people here were hopeful?

It will just ginger their "Oliver Twist" get rich quickly mentality!

all the banks made money from round tripping and arbitrage activities. Banks are the only business that benefitted from naira devaluation. If you are not fully knowledgeable about the crux of what you are saying, it is use wiser to just keep kwayet.

Lol.

I mean if Nigerian Breweries that has been largely and vastly profitable for decades even before I was born can now be posting billions of naira as losses no thanks to harsh business environment, insanely high operating costs/business overheads and the final nail in the coffin called naira devaluation, then that should tell you things are beyond f**ked.

Which is why I jus dey laff when my bro Sukkot is saying people shouldn't hold dollars. All these companies that are in trouble now are majorly in trouble because they did not hold their earnings in a stable currency. Any company that didn't convert their earnings/profit from last FY are already fu*ked by that singular move. Most have been outrightly liquidated and the effect is what we are seeing. Imagine making 5 billion in profit and holding that in naira only for it to be devalued losan kan oru Kan. Now it is time to buy materials for production and suddenly your whole profit of 5b is not enough to even buy what you would have bought for say 3b before. Before you'd have pocketed 2b for your hard work, but now you have no profit and don't even have enough money to buy the materials to continue production.

Same with individuals, just by holding naira you are f**king poorer by the minute. No be sere sere this thing wey dey unfold.

Like the wasted failure (all of them @ dem manna) and his other dregs of society said for 8 years, all their curses for 8 years don pile up and are now ripe for delivery right back to them all.

E NO GO BETTER for all of them that defended the failure and destruction of the last administration only to now do a U-turn and put blame on the same Presidiot they enabled and defended for 8 years. The only U-turn they will have is one from bad to calamitous. They no fit die better.

No be curse, na fact!

On to the next one.

payaseriy:
$50 ? I save on BTC... The more this country collapse, the more i smile.

You can't install failure, bring disaster and expect everyone to follow you like zombie. Some of us have learnt to survive irrespective of the environment.

While you're living in delusion of a better naira under the most corrupt government, i am busy exploring the opportunities available from a disaster.

aptly said.

Something is clearly black, Jokers say you are only patriotic when you say it is white despite all facts that show that it is black.

I will keep milking whatever I can, whenever I can...even in the disaster, I will keep seizing every opportunity I see/sight.

Let the patriots keep up with their patriotism. I'll follow the money and trends instead. 💯

MadamExcellency:
If Breweries can post losses then we are on the verge of economic collapse.

I was shocked when I read that news last week...a whole Nigerian Breweries. I have never heard of such a thing about Nigerian Breweries ever till now. E choke!

No naa. I was still waiting for it to dip to like 900/850 so I can buy a couple thousands...that was way too short. Please come back down to like 900/850. FG oya pump more dollars make e crash abeg. I wasn't expecting it to start mooning so soon na. It's been just 1wk ffs

If I no buy the dip, wetin I gain??

All I need is 1m profit before December abeg. Abeg FG do something. Crash the rate with more FUD, so I can buy low and sell high in 4 weeks tops. Make easy 1m, then inject that 1m back into the country through December spending. WIN - WIN!

SoNature:
The ball is in the court of those terrorists who have decided that they will never live in peace with Israel.

Most times, the best way to discourage people from committing evil is by showing them that doing so has hefty consequences.

This is a lesson Israel has taught Hamas; I hope they learnt it.

If Israel doesn't eliminate Hamas, they will still run another parol next year. You simply can't reason with radical Muslims, which is like 99% of Muslims. Those 72 virgins in the afterlife na big deal for them o

EyeCumInPeace:
Look at that shameless hypocrite Hamas Terrorists supporter up there, FreeStuffs.
Condemning IPOB, but turn round to support Hamas that has committed far more mass killings and atrocities against innocent civilians.

he is a Muslim. What do you expect? Hypocrisy is one of the tenets of Islam, hence why batists such as himself are 99% Muslims.

Lori has quite the streak...🤣

Sukkot Sukkot Sukkot....🤣

oluayebenz:
Seriously 😳

You no get mind Sha, pls don't go near FX ever again.

Dollar will still rise a lil bit soon but by mid next year, it will stable at 750 or so.

these dudes are fickle. Anyone who knows just a little economics knows that this is just much needed gbajue to create FUD in the market (which even I advised in one of my previous posts). Yea he/she bought the high which kinda sucks no doubt, but if he/she wasn't so fickle he/she should have held out a bit longer. It will definitely still go Up, not a matter of IF but WHEN.

When has the naira ever won since the creation of the universe? Why think that will start now? I have stopped believing and faced tha facts. I am holding this stash, and thankfully now that they have created the FUD in the market and the rate is lowering, I will patiently wait for the bottom and buy with any spare naira I can lay my hands on by then.

If I no buy dollar wetin I gain??

Simple sturvs, if I buy $5000 at a realistic rate of 800, and it rallies to just 1k lasan, that is 1mil that I won't make if I put it in a bank, bought FD, Tbills or Bonds. Easy 1million. The question then is, based on your experience how long do you estimate it will take for 800 to climb to 1k...and above, WHEN it is again time to rally? 1 week, 2 weeks tops. Seems like very good odds to me💯