NewStats: 3,265,035 , 8,185,400 topics. Date: Friday, 13 June 2025 at 08:34 AM 5p5p5l

6n613r

One Dollar To Be Exchanged For 1,500 Naira Is Absolutely Madness - Politics - Nairaland 133423

One Dollar To Be Exchanged For 1,500 Naira Is Absolutely Madness (806 Views)

(4)

(1) Go Down)

guobe: 9:10am On Apr 30
I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable.

5 Likes 1 Share

clintino700(m): 9:25am On Apr 30
It's really pitiful N disheartening.
Govt needs to do better instead of planning re elections in 2027.

2 Likes

guobe: 9:30am On Apr 30
clintino700:
It's really pitiful N disheartening.
Govt needs to do better instead of planning re elections in 2027.
The best brains are leaving the country including Doctors.
Non professionals abroad earn in a day the salary of people in a month in Nigeria.

1 Like

Firebox123(m): 9:32am On Apr 30
guobe:

The best brains are leaving the country including Doctors.
Non professionals abroad earn in a day the salary of people in a month in Nigeria.
if you know the cost of living in abroad

You'll be thanking God for bringing you to Nigeria

1 Like

Firebox123(m): 9:33am On Apr 30
clintino700:
It's really pitiful N disheartening.
Govt needs to do better instead of planning re elections in 2027.
CBN have to remove the three zero in each currency

1000 naira to be 1 naira

3000 naira to be 3 naira

That's the only way we can value our money
guobe: 9:36am On Apr 30
[quote author=Firebox123 post=135182380]if you know the cost of living in abroad

You'll be thanking God for bringing you to Nigeria[/quote
Even with the cost of living abroad, they are still better than people in Nigeria by a thousand times.
Dotherightthing: 9:38am On Apr 30
Blame Emefiele for injecting NGN22Trillion from thin air into the economy. embarassed

On a good day, Emefiele should be sentenced to death angry

There is so much electronic Naira in people's that we don't even have the value in physical notes.

5 Likes

guobe: 9:38am On Apr 30
Firebox123:
CBN have to remove the three zero in each currency

1000 naira to be 1 naira

3000 naira to be 3 naira

That's the only way we can value our money
Any how they like let them do it.
If it is 500 naira to a dollar it will be better than the present 1,500 naira.
Firebox123(m): 9:38am On Apr 30
[quote author=guobe post=135182435][/quote] only few are millionaire in abroad
Firebox123(m): 9:39am On Apr 30
guobe:

Any how they like let them do it.
If it is 500 naira to a dollar it will be better than the present 1,500 naira.
the more rate is high

The more gain yahoo boy and fraudster gain
guobe: 9:40am On Apr 30
Firebox123:
the more rate is high

The more gain yahoo boy and fraudster gain
Lol
guobe: 9:42am On Apr 30
Dotherightthing:
Blame Emefiele for injecting NGN22Trillion from thin air into the economy. embarassed

On a good day, Emefiele should be sentenced to death angry

There is so much electronic Naira is people's that we don't even have the value in physical notes.
Are you sure Emefiele is really the problem?
Firebox123(m): 9:43am On Apr 30
guobe:

Lol
if 1 dollar is 500 naira

Yahoo boy way dey chase $100 per day how it wan survive in Nigeria

Everything get Reason jare
guobe: 9:43am On Apr 30
Firebox123:
only few are millionaire in abroad
Once they bring the money to Nigeria they become billionaires.
Firebox123(m): 9:43am On Apr 30
Dotherightthing:
Blame Emefiele for injecting NGN22Trillion from thin air into the economy. embarassed

On a good day, Emefiele should be sentenced to death angry

There is so much electronic Naira in people's that we don't even have the value in physical notes.
wetin consign emefiele with this post
Firebox123(m): 9:44am On Apr 30
guobe:

Once they bring the money to Nigeria they become billionaires.
yes that's just it
guobe: 9:44am On Apr 30
Firebox123:
if 1 dollar is 500 naira

Yahoo boy way dey chase $100 per day how it wan survive in Nigeria

Everything get Reason jare
No be only Yahoo boys de live for Nigeria as we have alot of legitimate people too.
Ikaeniyan0: 9:45am On Apr 30
guobe:
I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable.
The high exchange rate is the reason cost of goods and service is high

1 Like

Ikaeniyan0: 9:47am On Apr 30
Firebox123:
if 1 dollar is 500 naira

Yahoo boy way dey chase $100 per day how it wan survive in Nigeria

Everything get Reason jare
If a dollar start exchanging for $/500, cost of goods and services will fall. The price of petrol will be about 300/litre

1 Like

guobe: 9:47am On Apr 30
Ikaeniyan0:
The high exchange rate is the reason cost of goods and service is high
Yes it is.
To construct a kilometre of road now is about a billion naira.
Nigeria is currently a time bomb.
guobe: 9:48am On Apr 30
Ikaeniyan0:
If a dollar start exchanging for $/500, cost of goods and services will fall. The price of petrol will be about 300/litre
Absolutely spot on .
I don't know what the people ruling us want ,wether they are for the people or against them.

1 Like

Firebox123(m): 9:49am On Apr 30
Ikaeniyan0:
If a dollar start exchanging for $/500, cost of goods and services will fall. The price of petrol will be about 300/litre
nothing can't fall in Nigeria brr

Don't let us deceive ourselves
Ikaeniyan0: 9:51am On Apr 30
Firebox123:
CBN have to remove the three zero in each currency

1000 naira to be 1 naira

3000 naira to be 3 naira

That's the only way we can value our money
I Soludo tried to do something like this. We haven't gotten to the point we will remove 3 zeros
Firebox123(m): 9:53am On Apr 30
Ikaeniyan0:
I Soludo tried to do something like this. We haven't gotten to the point we will remove 3 zeros
so Ghana and South Africa have gotten to the point right ๐Ÿ‘

Ghana and South Africa currency is the same with Nigeria currency they deceive their citizen by removing the three zero in their currency

Na everywhere hard

2 Likes

Firebox123(m): 9:54am On Apr 30
Firebox123:
so Ghana and South Africa have gotten to the point right ๐Ÿ‘

Ghana and South Africa currency is the same with Nigeria currency they deceive their citizen by removing the three zero in their currency

Na everywhere hard
if Nigeria can follow their way

I think it'll be more better
KLEINBASS: 10:02am On Apr 30
Firebox123:
so Ghana and South Africa have gotten to the point right ๐Ÿ‘

Ghana and South Africa currency is the same with Nigeria currency they deceive their citizen by removing the three zero in their currency

Na everywhere hard

South Africa have never denominate their currency. Is Zambia and Ghana who denominated their currency by removing zeros
F117nighthawk: 10:04am On Apr 30
Abacha for 5 yrs pegged the nรกรญrร  to a dollar at between 82-85 naira to a dollar,that was abacha,s major achievement under his regime,the dollar to naira exchange rate never go beyond this for 5yrs of his government


quote author=guobe post=135182086]I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable. [/quote]
Firebox123(m): 10:07am On Apr 30
F117nighthawk:
Abacha for 5 yrs pegged the nรกรญrร  to a dollar at between 82-85 naira to a dollar,that was abacha,s major achievement under his regime,the dollar to naira exchange rate never go beyond this for 5yrs of his government


quote author=guobe post=135182086]I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable.
we're talking about now not abacha regime
guobe: 10:09am On Apr 30
F117nighthawk:
Abacha for 5 yrs pegged the nรกรญrร  to a dollar at between 82-85 naira to a dollar,that was abacha,s major achievement under his regime,the dollar to naira exchange rate never go beyond this for 5yrs of his government


quote author=guobe post=135182086]I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable.
Even with foreign sanctions the currency were still stable under a military dictator.
Our so called Democrats are allowing the currency to become worthless.

2 Likes

F117nighthawk: 10:10am On Apr 30
Read the story well before making comments,the writer said abacha pegged the naira to dollar at โ‚ฆ80 if he is not mistaken,
So I am trying to give him the actual exchange rate during abacha regime

uote author=Firebox123 post=135182899] we're talking about now not abacha regime[/quote]
Mbanda(m): 10:11am On Apr 30
guobe:
I still can't fathom why our currency is being allowed to exchange at this rate it currently is.
A dollar exchanging for 1,500 naira to 1,600 naira is absolutely madness .
Even as bad as Abacha regime naira to dollar exchange rate was less than 80 naira to a dollar if I am not mistaking.
All sectors in Nigeria are currently on life as we now have capital flight as the country is presently unhabitable with the best brains leaving the country including alot of companies too.
We are a laughing stock by other countries like South Africa as they see our currency as worthless.
Imagine our soccer league champions Remo stars winning the Nigerian league and the prize award was 200 million naira equivalent to 120,000 dollars which is the salary earned by an average South African player.
Something needs to be done urgently to make the naira have value as the present state is just not tenable.
That is the problem but helinues and his likes will leave all these choking problems and be attacking Obi who is a private citizen.

1 Like

guobe: 10:15am On Apr 30
Mbanda:
That is the problem but helinues and his likes will leave all these choking problems and be attacking Obi who is a private citizen.
Lol

(1) Reply)

President Bush In Africa Dancing

(Go Up)

Sections: How To . 45
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or s on Nairaland.