I want to convert some of my savings to USD. How is the exchange rate in black market?

Our currency is becoming more useless the more Buhari's regime goes on.Naira will soon become like the korean won.

And I sold euro for 480 on monday, was I scamed?

Nah wah o.

SmartPolician:
The best thing that ever happened to non-Buhari supporters was that Buhari finally became president.
If Jonathan was still president, Nigeria would have been on fire with many APC minions saying that Buhari would have turned Nigeria to Dubai by now.
Truth be told, leadership is tough. To make matters worse, Nigerians don't understand what leadership is at all.

www.nairaland.com/attachments/4016307_image_jpeg_jpeg6f95b5e7a24ad4fc0808d6698fd37362

dre11:


https://punchng.com/naira-plunges-to-n472-as-forex-scarcity-worsens/

If abba kyari was there, we wouldn't hv experience this.
Oh he meant well for us.
RIP

Mehn...this is bad and sad.

Learn Forex trading, whenever you hear bad news about naira you will be happy because you are making your money in dollars

What is the implication to forex trading companies please?
I just need to know

Well well that's too bad though. FG know what to do but they're greedy bastards

dre11:


https://punchng.com/naira-plunges-to-n472-as-forex-scarcity-worsens/

No wonder the astronomical increase in price of goods and services. Hope APC and PDP supporters as well as their unenlightened counterparts on NL shop in different markets, perhaps in space.
Shout finish go face empty pots. Nonsense!

Emefele ur boss isa funtua don delete na,worris happening

Our currency need some value.

SmartPolician:
I sold mine for N460 on Tuesday though

That aboki don cheat me

omg. 460 so happy

Hard work does not pay in Nigeria our saving in Bank keep losing values with government unreasonable tax that will be looted the useless good for nothing government devalued our currency on purpose it backfiring now more hard time Nigerians naira currency purchasing power is now zero thanks cbn I hate Nigeria

Akpabio and NDDC dont care, they are still busy looting the Billions of Naira

Wahala dey

RealEzee:
Abeg increase volume make them hear for back ooooo, all those Harry Potter people ranting $1 to #1 that year

Few of them even had first class in Accounting oooo, yet they forgot all they learnt in school...............
I saw it earlier in the morning and I SHOOK MY HEAD..........................

Naira please rise so as to avoid increase in the prices of goods. Nigerian economy is not smiling at all

chai!, funding my forex account just got a whole lot bigger.......



would you love to learn forex.....* Training fee required* mentorship is free though.... call/whatsapp: 08167739165

phr33man:


Imagine the number of people purchasing crypto daily which is valued in dollars. Imagine the immense wealth leaving our country daily. What do you think attributed to the continues rise in the value of bitcoin and other crypto if not the demand? To many Nigerians and world at large today, the surest and quickest way to financial freedom is crypto.

Monthly limit isn't the issue but the population diving into it. As at today, I'm 95% sure that 15m people has at least a few dollars worth of bitcoin or any other crypto. If we assume each has $10 crypto worth, that whooping $150m gone to western world and this grows daily.

My view...

The western world are exploiting us big time now than ever. They tried to find an explanation to this crypto thing but the more you study, the more confused you are. They say it's decentralized but someone/some sets of people started it. Hmmmmmm.... Shey this thing no be ponzi like this? Do you still remember egold, ebullion etc. Where are they today?


We need to think deep.... And wake up in Africa

Go and write this somewhere, cryptocurrency will never outrun fiat currency. Anyone delving into cryptocurrency is gambling because no government will allow a currency that it cannot control to thrive its domain.

Government wants to be in charge of everything that happens in its domain that's why cryptocurrency can't take the place of fiat currency without government involvement.

Just to be sure that they scare people from buying into a decentralized crypto, governments are claiming that virtual currency is used to fuel the dark web.

What happened o!? Has the CBN stopped supporting the Naira? Dem don tire? Eeya.

Can some officials come forward to come and tell us what is going on? Is it depreciation or devaluation?

Akpabio and the reps don change NDDC billions to $$$?

SmartPolician:
I sold mine for N460 on Tuesday though

That aboki don cheat me

How does one find Aboki to sell to?

adonainana:
No wonder Bitcoin trading websites are flying and opening up left right centre.

I have been buying and selling bitcoin for some years now and i can tell this month alone, my phone no dey rest from Nigerians trying to buy bitcoin.

For those of you who read the article above and you heard for the next 2 months naira will depreciate and you are still not trying to convert all your money into cypto currencies. Then i pity you.

Please if you are a web developer and you can create all those automated websites which allow users to either sell and buy bitcoin without any human input, please get at me, i will pay any price.

I have more quite a lot of BTC to sell

Also to the buyer who scammed me after i sent bitcoin in advance to him https://www.nairaland.com/5984839/scam-alert-please-avoid-bitcoin

God will still punish you ooo still

Please web developers help me

I can develop one for you.. how do I contact you?

Next level things.

Mcslize:


How does one find Aboki to sell to?

They are in every state capital and city

Only dangote can rescue Nigeria now.

phr33man:


Imagine the number of people purchasing crypto daily which is valued in dollars. Imagine the immense wealth leaving our country daily. What do you think attributed to the continues rise in the value of bitcoin and other crypto if not the demand? To many Nigerians and world at large today, the surest and quickest way to financial freedom is crypto.

Monthly limit isn't the issue but the population diving into it. As at today, I'm 95% sure that 15m people has at least a few dollars worth of bitcoin or any other crypto. If we assume each has $10 crypto worth, that whooping $150m gone to western world and this grows daily.

My view...

The western world are exploiting us big time now than ever. They tried to find an explanation to this crypto thing but the more you study, the more confused you are. They say it's decentralized but someone/some sets of people started it. Hmmmmmm.... Shey this thing no be ponzi like this? Do you still remember egold, ebullion etc. Where are they today?


We need to think deep.... And wake up in Africa

s

SmartPolician:


Go and write this somewhere, cryptocurrency will never outrun fiat currency. Anyone delving into cryptocurrency is gambling because no government will allow a currency that it cannot control to thrive its domain.

Government wants to be in charge of everything that happens in its domain that's why cryptocurrency can't take the place of fiat currency without government involvement.

Just to be sure that they scare people from buying into a decentralized crypto, governments are claiming that virtual currency is used to fuel the dark web.

Get me clearly, I'm never in support of it either. But with what facebook is planning for his crypto currency(libra coin), this might be the beginning of universal money because in his government can look into it and can't be traded unlike other crypto. The only advantage it has is you can save the value of your money with Libra. Yet our wealth is going to the western world. I'm seeing Africans being the beneficiaries of this universal basic income (UBI) after we are being rendered useless with the introduction of AI which is taking over every profession.


I fear for Africa and our generation to come

popsy2:
Naira on a free fall

Upon say dollar dey weak oo, if dollar come back to normal we are heading to 1000 to 1$. I think that was what buhari meant by 1N to 1$, he meant N1K to $1.

Jamesz12:
What is the implication to forex trading companies please?
I just need to know

There is no implication. They are at advantage as their money is in dollars already. They will be making alot of gains converting those dollars to local currency

SmartPolician:
I sold mine for N460 on Tuesday though

That aboki don cheat me

BDCs were buying at 470 in Abuja.