How unah reason the price of dollar lately

[Thyplaymaker]

Omo the rate dollar tey dey rise lately nor be here ohh let me say around this period last year dollar dey around 745  in naira, but now dollar dey 1436 naira. I know say normally this kind thing now sweet and bitter, for we make e dey into this crypto space because as naira dey rise nah so our cash out dey nice. Just imagin those way buy coin when dollar nah 745 naira and the dollar the person purchase that moment nah $100 (74500 in naira). Con imagine say you con convert am to fiat now the $100 (that would be 143600 in naira ) that means you made extra 69100. Shey u see nice profit even those wey buy coin around December here go still make block.

But the negative part now as dollar they rise like this naira dey die. And things go dey expensive for our country because normally we base on importing goods and before we go fit  purchase those goods we have to convert to their currency. So for instance now you hold big money for naira you con convert to their currency e go con small.

How things dey go as dollar dey move you sure say before this year go end dollar nor go hit 2k/dollar in naira.

[Mr.suevie]

This dollar increament of a thing en, e just dey make the price of thing around here to just dey rise anyhow. Even those wey dey earn in dollar sef dey confirm am say e no easy for anybody talk more of ordinary person wey dey earn in tradition fiat currency. Omor I no go lie you, this country don tire me, this no be the country wey Dem promise us before the election, na why I no dey like politics, the scams and lies too much. Just imagine the way we just dey look our own fiat make inflation just dey kick am like football.

[Dr.Bitcoin_Strange]

Yeah, not more than 4 months ago, there was still a topic that was being discussed on the BTT-Forum and the OP was actually advising people to hold their fiat in Dollar because the value of Dollar will keep increasing against Naira. When that topics was raised, Dollar/Naira was still around $1/₦1, 000, but just in not time, not even up to a year, and a dollar now is now ₦1, 436. It's quite shocking that the inflation rate is going high every day and the local currency (Naira) keeps depreciating. 

With this happening so often, there is no need to be surprised, if the dollar goes to ₦2000 before the end of this year. 

The advice I can give to those, that save a huge amount of Naira in the Bank, is that they should never save a huge amount in the Bank, instead they can buy Dollars and hold in their selbst custodial wallet. For example, someone who bought $5000, wenn per Dollar was just ₦750, would have spend ₦3,750, 000, but now, dass ein Dollar is ₦1436, you can imagine the profit they would be making. 

[Sim_card]

What do you expect from a country that is mainly on consumption instead of producing. We no go get choice of any amount wey those foreign country wey we dey import our goods from to increase their currency to depreciate Naira because we no go fit do without them. If say we country get products wey we dey export in large quantities, to the extend of say na only Nigeria dey fit sell such products to other second world countries, we go get level and we go fit negotiate the price of dollar to Naira because them no say our impact for their country dey important, since them need to depend on us to get such produce. I just dey shame for Nigeria the way our economy dey worse and our Naira don yeye.

[Asiska02]

But the negative part now as dollar they rise like this naira dey die. And things go dey expensive for our country because normally we base on importing goods and before we go fit  purchase those goods we have to convert to their currency. So for instance now you hold big money for naira you con convert to their currency e go con small.

How things dey go as dollar dey move you sure say before this year go end dollar nor go hit 2k/dollar in naira.

Some experts don already predict say dollar to Naira price go reach 2K, but no specification on the particular month or year wey e go hit that amount. With the way the movement dey be now, if nothing is done to take tackle am, we fit hit that speculated price before we enter half of this year, June.

Those wey dey earn in dollar no go too feel this change and rise in dollar against Naira. To convert from dollar to Naira go still give you the same worth wey you dey get when related to price of goods now as you dey get before. The thing go just be like say, your earnings no dey increase and e no dey reduce.

As e dey be now, i no sure say the government fit tackle this issue again oo. The thing come be like say na base on demand and supply and if na dat consensus e dey follow, the government no fit do anything again about am.

[Tribalchief]

Dem talk say make we no dey talk negative things about the country, but the plan truth b say things are not getting better. President dey watch AFCON and hand dey meet the citizens. The piple wey dey rule us know say dem no fit fix the problem, but dem still choose to enter. Even those wey dey earn in dollars dey go through thesame thing, because dem dey spend the money for we country.

December self too far for dollar to enter 2K. Around may/June, e go clear for our eye.

[Thyplaymaker]

Dem talk say make we no dey talk negative things about the country, but the plan truth b say things are not getting better. President dey watch AFCON and hand dey meet the citizens. The piple wey dey rule us know say dem no fit fix the problem, but dem still choose to enter. Even those wey dey earn in dollars dey go through thesame thing, because dem dey spend the money for we country.

December self too far for dollar to enter 2K. Around may/June, e go clear for our eye.

the stuff just somehow oh guy. Just imagine now nah 1514 nah e dey now for Naira. Like normally we way dey earn  dollars normally for even dey smile but. As dollars rate dey increase like this price of things now go be boom. I remembered that time I buy dollars 745 last year now now dollar duh hit 1514. This kind period to leave yah cash in fiat is not a good idea ohhh. If you dey leave am for fiat e go hard you to keep up with how things tey dey recently if nah to keep most for dollar and leave some for bank make you tey cover some certain expenses. Nah only God go fit save we country ohhh even the rich duh dey mind the way they spend funds

[Tribalchief]

Dem talk say make we no dey talk negative things about the country, but the plan truth b say things are not getting better. President dey watch AFCON and hand dey meet the citizens. The piple wey dey rule us know say dem no fit fix the problem, but dem still choose to enter. Even those wey dey earn in dollars dey go through thesame thing, because dem dey spend the money for we country.

December self too far for dollar to enter 2K. Around may/June, e go clear for our eye.

the stuff just somehow oh guy. Just imagine now nah 1514 nah e dey now for Naira. Like normally we way dey earn  dollars normally for even dey smile but. As dollars rate dey increase like this price of things now go be boom. I remembered that time I buy dollars 745 last year now now dollar duh hit 1514. This kind period to leave yah cash in fiat is not a good idea ohhh. If you dey leave am for fiat e go hard you to keep up with how things tey dey recently if nah to keep most for dollar and leave some for bank make you tey cover some certain expenses. Nah only God go fit save we country ohhh even the rich duh dey mind the way they spend funds

We suppose don cum to a conclusion say all this problems no dey our hand, and neither is the solution as citizens. The only thing every man fit do for emself na to hustle hard and perhaps earn more in dollars than in naira.

[Thyplaymaker]

Dem talk say make we no dey talk negative things about the country, but the plan truth b say things are not getting better. President dey watch AFCON and hand dey meet the citizens. The piple wey dey rule us know say dem no fit fix the problem, but dem still choose to enter. Even those wey dey earn in dollars dey go through thesame thing, because dem dey spend the money for we country.

December self too far for dollar to enter 2K. Around may/June, e go clear for our eye.

the stuff just somehow oh guy. Just imagine now nah 1514 nah e dey now for Naira. Like normally we way dey earn  dollars normally for even dey smile but. As dollars rate dey increase like this price of things now go be boom. I remembered that time I buy dollars 745 last year now now dollar duh hit 1514. This kind period to leave yah cash in fiat is not a good idea ohhh. If you dey leave am for fiat e go hard you to keep up with how things tey dey recently if nah to keep most for dollar and leave some for bank make you tey cover some certain expenses. Nah only God go fit save we country ohhh even the rich duh dey mind the way they spend funds

We suppose don cum to a conclusion say all this problems no dey our hand, and neither is the solution as citizens. The only thing every man fit do for emself na to hustle hard and perhaps earn more in dollars than in naira.

exactly that's the spirit because the day you start to dey depends on government for we country nah that day yah suffering go start ehnn that why man got to stop whinny ( say government nor dey Do this or that ) normally we all know say dem supposed to also dey play their role but as dey not ready man nor fit stay say e go con dey wait without taking any action to make his life better. That why man gat to hustle and anything you doing recently That's good and also profitable. Try dey do am well ohhh because we nor know where this out country dey go.

[Bodhi2021]

Omo the rate dollar tey dey rise lately nor be here ohh let me say around this period last year dollar dey around 745  in naira, but now dollar dey 1436 naira. I know say normally this kind thing now sweet and bitter, for we make e dey into this crypto space because as naira dey rise nah so our cash out dey nice. Just imagin those way buy coin when dollar nah 745 naira and the dollar the person purchase that moment nah $100 (74500 in naira). Con imagine say you con convert am to fiat now the $100 (that would be 143600 in naira ) that means you made extra 69100. Shey u see nice profit even those wey buy coin around December here go still make block.

But the negative part now as dollar they rise like this naira dey die. And things go dey expensive for our country because normally we base on importing goods and before we go fit  purchase those goods we have to convert to their currency. So for instance now you hold big money for naira you con convert to their currency e go con small.

How things dey go as dollar dey move you sure say before this year go end dollar nor go hit 2k/dollar in naira.

Bros, is not easy ooo ! Things are becoming higher no money to buy food stuffs, pay for medical bills, wearing of new clothes e.t.c, and you see as dollar they rise things too they rise and Naira they lose its value, how wish say for this country make they do away with dollar, even though they no go do away with it, at least we should not make it as our first priority for the successful of our future (life) the thing wey I Dey mean ba, make we make naira our first choice. But still we go Dey pray to papa God for betterment of our count if not they way things they do it’s not funny at all.

[Sokani]

Everyday our naira dey grow weaker while dollar dey rise like bread wey dey on fire. As you talk am, I no go dey surprise if $1 touch N2000 before the end of the year and na wetin dey follow make things dey cost for market. The way the country dey go, instead of man pikin to save in fiat, the smart thing na to convert your fiat to Bitcoin, stablecoin or use domiciliary account and save foreign currencies. That way as dis currencies dey rise naso your investment go dey add weight.

[Makus]

Omor my brother, dollar just dey increase this few days and the way e be, be like say e go even reach 1500 per dollar for next month. This no be wattin we been expect from the government before oo, now with this current price na so things just cost anyhow for the market any where you go Dem go tell you say dollar don increase and this na major problem for the country, we just dey look am less less.

[DaNNy001]

This our matter just tire me, the way this thing dey go if something or someone no intervene because the matter don pass be careful and very soon we fit even see I dollar as 2k and that time the effect go be so bad wey people go starve well well and things go come worse pass like this. Yesterday I buy one water bag for 500naira something that was sold for 150 or even 100 naira year and this just tell you the influence to how this country has gotten so damage .

[Youngkhngdiddy]

As e be like this, e dey very certain say our cost of living go increase by another 50% by the end of this year. The whole economic situation currently no even dey favour the citizens. If we continue to say lament, e no go fit still change anything. Back in the years wey dollar been dey at 100naira rate, life been sweet for us. The standard of living then and now get better difference. The whole situation just turn worse as the years kept going by.
  In the last regime, even though dollar rate been dey fluctuate, at least at the end of the tenure, e been dey at 700naira rate but wetin we go fit say currently. Less than a year into someone's administration, we dey experience a 100% rise in the rate of dollar, Naija which way? This tenure dey like wetin go last for 8years. E dey very risky to even imagine life at this time next year sef because omor e go too choke. How we wan rescue ourselves from this situation wey we use our hand out ourselves.

[Agbe]

I no just understand weti dey happen for we country some people dey predict #2,000 for a dollar before this year go end while some dey predict #3,000 before this year go end. And dollar no dey give up the increment. Him dey rise every day so weti the people dey predict e fit current sef. And because of the increment of the dollar cost of living na 10x. Something wey I buy last year with 5k now na 15k. Garri wey I been dey buy with #300 for one custard now I dey buy with #1600. No be shey dem dey import garri but because dollar ndey go high nai make dem sef dey increase am. So all what I am trying to shey be say dollar nai dey determine the prices of everything in di country.