₦airaland Forum

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💯

Lol. From what I can see, this is very likely just a freaking costume.

cococandy:
You’re right. But I was thinking more like individual homes that people want to sell because of whatever personal reasons they might have. Those I’d buy.

But definitely not some mass produced quick construction scheme. Even then those won’t go for 5 million. Not even 20 million. Not in this economy at least

you finally got it. I couldn't have been more explicit. I no talk about houses built by developers, and I recall explicitly mentioning that in my post (it's right there). Developers are doing business, while homeowners that put houses up for sale NEED money. Whatever would make a man/woman put his/her house for sale, rest assured na for urgent money needs. Whomever has the money on ground and the information wins, and saves money....and yes, it certainly will not be in prime locations....but same principle applies even in prime locations. You would certainly get the house far far cheaper than its full worth or the cost it would take to build today. After building mine and I learnt this, I knew I would certainly not be buying any more lands but rather buying houses so help me God. Na make the funds dey wella on ground remain.

1x2x3:
Even those that are to put him in prison would prefer dollars. Your politicians prefer dollars just like the president.

abi ooo

Remember Ganduje video and how many years ago that was...to tell you that even as far back as then their leaders gangan don leave naira in the shitter teytey...lol

sukkot:
Y’all just don’t understand the genius of Emile o corn. You see those billions of dollars pumped into the banks ? That’s a 2 to 3 months effect and within that time space they are going to fire up the Dangote refinery in December ( they already allocated close to a million barrel of oil in december to fire it up ) which would be a huge source of forex being the biggest refinery in the world every country would come refine in naija and would pay in dollars and then coupled with detty December when all japarians bring in forex, am afraid by this December there will be a huge crash to like 400 or 500 and it will never rise up again ever. It will just slowly start to decline till it gets to like 100 over an 8 year period

I guess all am saying is if you didn’t cash out when it hit 1300 you lost forever.

lol.... bookmarked for review in 3 months pere. I won't even stretch it till 6months😀

NothingDoMe:
Dollar never drops in December. The fact that many people come home at that time is a chance for the Nigerian politicians to mop up the dollar.

leave these ignorant folks. Does this look like 2012 or even 2015 wey ppl go dey pack physical dollars or pounds come...when all these fintech solutions are now available to convert from one currency to another straight into your bank account within seconds. Ignorance na disease trutru. Lol

What an opportunity. Waiting patiently naira in hand for the low...

If I no buy the dip, wetin I gain. I must make at least 3m on this 'investment', when e mature. O sure ju!😎💯😎

HODL your dollars! If you haven't bought already, look out for the current trend and buy the low. With FX reserves depleted, the country over-borrowed and over-spent, and still no refinery to stop the FX capital flight from importing refined petroleum products, (let's not even talk about capital flight from Japa wave lasan) gbagbe dollar go everly still rise. Not a matter of IF, but WHEN. I personally am waiting for the low so I can mop up as much as I can. Me sef don add abokifx business to my side businesses...and it is quite lucrative, no wonder those guys full the business. Since the country no wan make headway, might as well profit off the misfortune.


USD to the moon!!

Rwanda here I come! Lol

Beautiful little country with exceedingly beautiful women. Definitely adding this to my bucket list for the year. After a stressful year like this one, two weeks in Rwanda no go bad rara

cococandy:
Please do you have any links to the #5M houses or something similar? The more the better. Thanks

with your money in hand, all you gotta do is search...offline contacts, online on jiji, Facebook, right here on nairaland...etc.

Search and you SURELY will find.

Seyi Makinde is better looking.

dominique:
People hoarding dollars, how market?

even Dominique didn't read it right...lol

Let me rephrase, una currency lost even more value (Lost 21% in one day, hence the negative record of the highest rate ever recorded in the official window) and is currently exchanging for almost 1k to 1 dollar in the OFFICIAL window.

If you no hoard dollar wetin you gain....your naira will burn right before your eyes.. just wait more...Kikikiki

opamoses1:
According to Aboki Fx on Twitter:

https://nairametrics.com/2023/10/30/exchange-rate-falls-to-n993-1-lowest-level-ever-on-official-nafem/

Op include a renowned news page so the authenticity isn't in question. You can edit and use this article instead

https://nairametrics.com/2023/10/30/exchange-rate-falls-to-n993-1-lowest-level-ever-on-official-nafem/

Nlfpmod seun

flokii:
I was telling one guy here the other day that Naira will appreciate.. didn't know it would be this fast rho.

Signs of more good things to come..

Godspeed to President Tinubu.. Nigeria shall rise again.

normal normal we already know una brain capacity. Pele! That is the official rate so'gbo, it depreciated by 21%. For all we know maybe the naira has been quietly devalued again, in a bid to move it as close to the parallel rate as possible.

Bring out the bells and rejoice, for the naira aka Zimbabwe dollar version 2 is worthless OFFICIALLY, and you all will suffer terribly for it. Grandstar how you see the official rate wey don rish 1k? I hope you won't do a 360 like some are already doing claiming foolishly that we don't even need a strong naira. Na the latest song be that.

Asiko ti everybody ma ru ti de...this kin weight loss no need exercise rara. In such a short time, this administration has plunged the country to depths even beyond my expectations, testing the lowest of lows and calling unto the deepest of the deep DAILY! I knew they would fail, just didn't know it will be a miserable and speedy one. Lol

https://nairametrics.com/2023/10/30/exchange-rate-falls-to-n993-1-lowest-level-ever-on-official-nafem/

Nlfpmod seun this achievement is FP material

Islamisformumu:
The fact that he was knocked down doesn't mean he was knocked out. Fury still got up and continued the fight which was decided on points. Fury won by just one point.

wrong
Judge A scored 95-94 in favour of Ngannou
Judge B scored 96-93 in favour of Fury
Judge C scored 95-94 in favour of Fury

That is not 'just one point'.

Also, it would have been unanimous and the gap would have been wider if Ngannou didn't get that knockdown. That knockdown is what really improved his scores. He fought well no doubt, but Fury fought better. I watched the fight, so I don't understand where the conspiracy theories are coming from.

alterego17:
U dunno boxing bro...Tyson ran throughout d last 2 rounds....clinching n hugging a novice first time boxer is wat u call boxing??

I hear you, oga expert.

The simple facts from the fight that I WATCHED shows

Judge A scored 95-94 in favour of Ngannou
Judge B scored 96-93 in favour of Fury
Judge C scored 95-94 in favour of Fury

Also, it certainly would have been a unanimous decision and the gap would certainly have been wider if Ngannou didn't get that knockdown. That knockdown is what really improved his scores. He fought well no doubt, but Fury fought better. EOD.

Iyanuoluwa007:
Was the win a fair one?

very very fair. The only thing that helped Ngannou's score was the knock down. If the knockdown didn't happen, the gap on the score cards for wide and it would have been a unanimous decision.

Treadway:
Ngannou has a puncher's chance, quite alright..but ultimately Fury wins, DECISIVELY.

Only reason it went to split decision was cos of the knockdown. Fury outboxed Ngannou clearly.

That said, Ngannou also was very very impressive👍.... particularly his hand speed and counter-punching.

Wrong! It wasn't a robbery. Only reason it went to split decision was cos of the knockdown. Fury outboxed Ngannou clearly.

Ngannou also was very impressive👍.... particularly his hand speed and counter-punching.

Ngannou has a puncher's chance, quite alright..but ultimately Fury wins, DECISIVELY.

I love Taylor swift and her music...clearly her fans loyal die.

To those arguing up there, yes Rihanna hit billionaire status, before her first child was born.

If you're smart, pay attn to the rates in the coming days..once you see that it has stopped dropping, just use any naira you can find to buy USD and hold so you can benefit from the next pump.

...And yes it will pump, certainly. You can take that to the bank!

Natural2Heal:
Good observation. I noticed too that buying a house is most times cheaper than building a house from scratch. What could be the reason?

I already explained that earlier in the thread. Here...

Treadway:
inflation that has affected the cost of labour, building materials etc. As a rule of thumb, most people who put houses up for sale usu do so from a dire need of money. Cash is king and whomever has it has great leverage. Lands on the other hand are usu mostly sold out of convenience, meaning someone may want to sell a land and hold out for even two years until they get close to the kind of deal they want, but when people put houses up for sale (and I'm not talking about developers or the wealthy) they usually can't hold out for very long. A 3-bed house that is ten years old was likely built for less than 5m and the owner knows that. Whatever would befall the owner and he resorts to putting that house for sale, be rest assured he would be willing to sell close to the amount he spent building it, depending on the direness of his/her situation.


Long story short, most times when houses are put up for sale it is usu for dire financial reasons and so the person is not in a strong position to negotiate a great deal. The other party with money is, and compared to the cost of buying land and building from scratch at the prevailing costs and rates, buying has been shown to be far far cheaper, up to 50-100% cheaper depending on the specifics of the deal.

See a nobody thinking himself to be anything more than a pile of dirt that he is. You are waiting for Obi in 2027, what is the assurance that you Reno will even make it to 2027, or Obi?

Worthless, irrelevant, powerless pile of dust making noise.
..the fool hasn't learnt a thing from Ekweremadu saga....things can change so fast, your head would spin...dey there dey feel super...lol

YoshihideSuga:
Why is that so? I'm curious.

inflation that has affected the cost of labour, building materials etc. As a rule of thumb, most people who put houses up for sale usu do so from a dire need of money. Cash is king and whomever has it has great leverage. Lands on the other hand are usu mostly sold out of convenience, meaning someone may want to sell a land and hold out for even two years until they get close to the kind of deal they want, but when people put houses up for sale (and I'm not talking about developers or the wealthy) they usually can't hold out for very long. A 3-bed house that is ten years old was likely built for less than 5m and the owner knows that. Whatever would befall the owner and he resorts to putting that house for sale, be rest assured he would be willing to sell close to the amount he spent building it, depending on the direness of his/her situation.


Long story short, most times when houses are put up for sale it is usu for dire financial reasons and so the person is not in a strong position to negotiate a great deal. The other party with money is, and compared to the cost of buying land and building from scratch at the prevailing costs and rates, buying has been shown to be far far cheaper, up to 50-100% cheaper depending on the specifics of the deal.

tosinhtml:
You're very intelligent!

no be even about intelligent my guy. Dung for brains like that Atk1nson dude irk me. Absolutely empty with nothing to offer.

In one thread, they are the ones that will say even if you need to sell your testicle to japa, it is worth it, and yet in another they are quick to put down those who heed their advise and run into some trouble down the road. If not dung for brains, how can a normal person tell another determinately that UK isn't a fit for him and he should forget about the 15m he has spent and go back to Nigeria. Who dash the monkey man banana and made him PM? 🤣🤣🤣

As for OP, i have said this in another thread, you can't dip both feet in the river and now complain of cold. You should do all you can do to stay afloat, I don't think it makes any kind of sense to turn back now. Perish that thought. Keep pushing, keep searching, keep networking offline and online. Something will def pop up, eventually.

Atk1nson:
you're not a very smart fellow by default, I will not waste time giving you a response.

lol. Dumb and Weak comeback...what is this if not a response?😝😝😝