bestman09:
Chai!!!
I sold 80 USDT at N1505 yesterday from my trading account to solve an issue thinking that the price is Ok and today I wanted to buy the same USDT to replace it and discovered that it is now N1539! Less than 18 hours.
The government is actually clueless by thinking that releasing USD once in a while will solve the problem.

Winning123:


You are the one with empty head. With the floating of the Naira foreign investors can come in and exit at anytime. The different rates was a scam before. And a time will come, when all those people who are arbitrary increasing price would not be able to do so. Consumers would always look for alternative.

Kukutenla:

Are you sure? Parallel market might be weakened though if this continues due to the pull on demand

ogododo:


https://dailytrust.com/dollar-hits-all-time-low-crosses-n1500-at-official-market/

abhosts:
Who exactly is benefiting from an ever falling Naira? What kind of cruelty is this? In 2019, a friend of mine based in the US invested $200,000(N72,000,000 at that time) into Nigerian real estate. Now his investment is valued at about N200,000,000($135,000). Despite the fact that his naira investment tripled in value, it was still not worth it from a dollar perspective. He is now regretting his decision because he would have been better off just leaving his $200k in the bank when you consider it is now worth 32 percent less. This is an example of foreign investor they claim to be courting.

BreconHills:


I think so bro ( nobody can 100% say with NG)
Diaspora remittances account for the largest amount of incoming fx receipts, greater than crude oil. Unfortunately those monies are coming in through sources which don't contribute to liquidity. They just feed black market and domestic hoarding.

If I was the CBN I would follow up current actions by creating an API that all fintechs and IMTO need to use to bring fx into Nigeria. This would allow CBN track
inflow and even add a small transaction charge.

What do you think?

AyeMoJuba:


You all will wail without ending

Any reasonable human being should be aware of the fact that to build is painful...we must bear this pain to enjoy later
Is Tinubu the one who sold your crude Oil in advance? Is Tinubu who borrowed money and plunged the Nation to debts?

The Naira must further be devalued to reflect it's true value...this is the only way to attract investors and have a stable economy.
Those of u crying because Tinubu is not your tribes man can go hug transformer.
Bunch of ingrates

Jackson105:


How did he break rule 2? E mention any name?

You are an hypocrite. You only reply post that doesn't favour your tribe. You have been found out. Stop embarrassing your parents.

Winning123:


You are damn wrong. If he invest in real estate the value of those properties would also be higher now. Has your rent not gone up?

abhosts:
Who exactly is benefiting from an ever falling Naira? What kind of cruelty is this? In 2019, a friend of mine based in the US invested $200,000(N72,000,000 at that time) into Nigerian real estate. Now his investment is valued at about N200,000,000($135,000). Despite the fact that his naira investment tripled in value, it was still not worth it from a dollar perspective. He is now regretting his decision because he would have been better off just leaving his $200k in the bank when you consider it is now worth 32 percent less. This is an example of foreign investor they claim to be courting.

SuperEagles:
Emefiele is competful as we can see

EreluRoz:
Nigerians are still sleeping 😌

Wake up guys, it's time for revolution

Iamblessed85:


I just checked your post history. No single positive news.

It’s either you’re a kid who does not understand the implications of negative reporting, or you’re a not soo bright adult who is bitter with the present govt or you’re an opposition agent. Remember, pdp also ruled for 16 years and they weren’t any better. Stop posting negative news all the time. Everytime naira hits record low. What does it benefit you?

WhiteWood:


Your calculation is WRONG --- Here is the proof --- You describes a situation where your friend invested $200,000 in Nigerian real estate in 2019. At that time, you said the investment was valued at 72,000,000 Naira. Your calculation suggest that the exchange rate was approximately 360 Naira to 1 US dollar 2019. Check it yourself.

To find out how much 1 dollar is in Naira based on the given conversion of $200,000 equaling N72,000,000, you can divide the total Naira amount by the total dollar amount:

1 dollar = (N72,000,000 / $200,000)

By performing the division:

1 dollar = 360 Naira - IMPOSSIBLE

Therefore, based on the given conversion, 1 US dollar is equal to 360 Nigerian Naira. --

Ogiame:
If only you knew what Ogiame means, you'll respect the name by not writing thrash.


But Rose, you said Tinubu will salvage the situation and he was the best thing after PH roasted bole and grilled fish.... What changed?

dettolgel:


Your accusations of his motives might be right but you are not any different from him. You never provided any concrete counter to his post rather you just rant either because you are too childish to form a coherent thought or too hate fill to form your thoughts in a constructive way.

EreluRoz:
Nigerians are still sleeping 😌

Wake up guys, it's time for revolution

abhosts:
Who exactly is benefiting from an ever falling Naira? What kind of cruelty is this? In 2019, a friend of mine based in the US invested $200,000(N72,000,000 at that time) into Nigerian real estate. Now his investment is valued at about N200,000,000($135,000). Despite the fact that his naira investment tripled in value, it was still not worth it from a dollar perspective. He is now regretting his decision because he would have been better off just leaving his $200k in the bank when you consider it is now worth 32 percent less. This is an example of foreign investor they claim to be courting.

IduNaOba:
Tinubu must complete his 8 years o
Then the north can have power again.
Let no igbo man near that seat o
Even me sef won't support Peter Obi.

The south West must finish this 8 years.

CockPit:


Don't mind the brainless mofo. She was campaigning tirelessly for Tinubu during election and abusing everyone who does not see through her tunnel vision. Now the dingbat is screaming revolution as if she knows what it means.
Tinubu is no longer her darling.

Iamblessed85:


I dont have any agenda. I am just an ordinary citizen. Yes the govt has failed me in many ways but just dont want to fill my head with negative news all the time.

Think about this. What good does this negative reporting do? You will be shocked that this dollar increase is even driven in part by propaganda.

abhosts:
Who exactly is benefiting from an ever falling Naira? What kind of cruelty is this? In 2019, a friend of mine based in the US invested $200,000(N72,000,000 at that time) into Nigerian real estate. Now his investment is valued at about N200,000,000($135,000). Despite the fact that his naira investment tripled in value, it was still not worth it from a dollar perspective. He is now regretting his decision because he would have been better off just leaving his $200k in the bank when you consider it is now worth 32 percent less. This is an example of foreign investor they claim to be courting.

abhosts:
Who exactly is benefiting from an ever falling Naira? What kind of cruelty is this? In 2019, a friend of mine based in the US invested $200,000(N72,000,000 at that time) into Nigerian real estate. Now his investment is valued at about N200,000,000($135,000). Despite the fact that his naira investment tripled in value, it was still not worth it from a dollar perspective. He is now regretting his decision because he would have been better off just leaving his $200k in the bank when you consider it is now worth 32 percent less. This is an example of foreign investor they claim to be courting.

EreluRoz:
You guys don't really know the mess Nigeria is in at the moment.

If you guys truly want change then we must have one voice and call for revolution

MT:


Thank you.

An average Nigeria looks at the figure of money rather than the value of money.

I have heard some people abroad getting happy that naira is falling . I guess they will sell cement for them at the rate of 3500 naira.

Even that money in your bank account is losing value.

Kukutenla:

You actually think CBN don't track fx inflows? I think not