NewStats: 3,264,897 , 8,185,040 topics. Date: Thursday, 12 June 2025 at 06:22 PM 3c2c56

Juanmike:
Pls how do I convert mine

You mean so that you can deposit in a domiciliary ?

ComingKing:


Trump: US Can't Default Because We Can Print Money
https://www.businessinsider.com/donald-trump-default-print-money-2016-5

Most countries do that: US Russia, China, etc.
If well managed, it's a good thing, especially when they print to pay ASUU demands

Nothing could be further from the truth. Printing money is almost like an indirect tax on the people, by devaluing your currency your are taxing(stealing) money from your citizens. Countries do this as a highly provisional measure to sail occasional hard times and not as a permanent solution as seems to be the case with Nigeria. The run-away rise in the exchange rate is a direct consequence of illegal money minting, and my suspicion is that we are only seeing the tip of the iceberg here, the worst is yet to come.

eeetuk:
"Nigerian Central Bank Illegally Printing Money For Buhari Government While Pretending To Be Fighting Inflation – Ex-Central Bank Deputy Governor, Moghalu"

Which country on earth does not print money?
I don't think it is illegal to print money by the central bank of Nigeria. The only problem i am concerning about printing money in Nigeria is it is not given to Nigerian citizens to spend in the form of wage increase, building roads and banning foreign import. Instead, money printed by CBN is given to foreign contractors, who then send it to their home countries to boost their own economy. That is how Nigerian economy is hurting.

Yes, CBN can print money as long as it is used locally and evenly distributed throughout the entire economy, the real impact on the economy will be a plus.

You clearly know nothing about economics. A one Naira note is nothing but a worthless piece of paper without backing, be it crude, foreign reserve, etc. Printing "helicopter money" effectively devalues the Naira, which is what we are suffering now.

dynicks:


https://saharareporters.com/articles/nigerian-central-bank-illegally-printing-money-buhari-government-while-pretending-be

See this bigot. He can't attack Emifele but only Zainab!
Anybody who knows how monetary and economic system of Nigeria operates knows that CBN Governor has more fault than FM.

Alusiizizi:


You mean so that you can deposit in a domiciliary ?

yes

Juanmike:
yes

If the allegations are true about illegal printing, domiciliary will be of limited value. Imagine depositing all your $$ and then at a future time be told that "there are no dollars" when you need to withdraw. Better to convert to USDT instead, a crypto-currency.

Alusiizizi:


If the allegations are true about illegal printing, domiciliary will be of limited value. Imagine depositing all your $$ and then at a future time be told that "there are no dollars" when you need to withdraw. Better to convert to USDT instead, a crypto-currency.

How do I go about it

Juanmike:
How do I go about it

Easiest with Remitano. Paxful is also a good place.

https://remitano.com
https://paxful.com

Remitano is my personal favorite if you ask me.

orion7:
lol. Just imagine ooo

See eh I blame tinubu for Biharis failure. Because he was the one that packed this failed idiot for zombies that voted him


She I tinubu is running again now he is not telling people how he will rule, because he can’t do this. He made mistake of giving a statement about how he will manage Nigeria. We started hearing him say he will employ 1 million people in the army. And that they will eat agbado etc.


The people bringing tinubu know this !!! if he wins you won’t be spared any heartache Nigerians will feel under him. Just the way bandits are eating northerners alive, so you will suffer if you bring this calamity called tinubu to the land.

He said 50 million youths into the army ....

That's where he plans for the leaders of tomorrow would go...

Juanmike:
How do I go about it

Check out Yellowcard app, they have the best rates in the market

Alusiizizi:


If the allegations are true about illegal printing, domiciliary will be of limited value. Imagine depositing all your $$ and then at a future time be told that "there are no dollars" when you need to withdraw. Better to convert to USDT instead, a crypto-currency.

That is why I use Yellow Card to convert my naira to USDT and vice versa

Olojuobinrin:
Why’s the CBN printing money for Buhari in secret ? Are they mad ?

They're ignorant and corrupt.

Eriokanmi:
When Gov Obaseki first raised alarm. That dull minister of finance attacked him. One dollar is 650 naira today. We've not even started yet. Wetin mallams ( bubu and finance minister) sabi with economy. Na to spend and spend...

Yes oo.

MuslimIgbo:
We know !

So much more for this present inflation.

But na still one OSU pig be the governor and the idiõt even had the guts to say he wants to become a president.

He was appointed when dollars was officially 170, now it's 710. Ekwensu!

I blame all the people that brought this calamity of President on us.

Rõchas
Amechî
Ohaneze people
Reverend father Mbakā
Atiku
Tinubu etc.

Yes Yes Yes. thanks

I swear, it will never be well with all my she rubas sisters that er this BUHÀRl to become president.

Nigeria has never been so unfortunate.

Like Boris Johnson, it is honourable to RE-SIGN NOW.

tuoyoojo:
Buhari wan scatter the alignment of the country kpatakpata

"I will make the Country UNGOVERNABLE AFTER ME", says BUBU

The Problem is the ABSENCE of Competent Social, Economic and Political leadership.

The Problem is Centralized POLICING, RESOURCING AND ELECTIONEERING CONTROL MECHATRONICS.

EMEFIELE caused KEMI ADEOSUN'S MISHAP.

Alusiizizi:
The run-away rise in the exchange rate is a direct consequence of illegal money minting, and my suspicion is that we are only seeing the tip of the iceberg here, the worst is yet to come.

This is not true, the illegal activities of the bureau de change operator caused the rise in the exchange rate mainly the USD.
These actors want to benefit from the rise and at the same time destroy businesses.

=> Banks want to profit from USD loan repayment
=> Black market operators want an ungodly profit
=> Hoarders don't want their investment to crash
=> Forex Trader will be hut if Naira gains

by looking at these few one would see those behind the fall of Naira

ComingKing:


This is not true, the illegal activities of the bureau de change operator caused the rise in the exchange rate mainly the USD.
These actors want to benefit from the rise and at the same time destroy businesses.

=> Banks want to profit from USD loan repayment
=> Black market operators want an ungodly profit
=> Hoarders don't want their investment to crash
=> Forex Trader will be hut if Naira gains

by looking at these few one would see those behind the fall of Naira

That is a bold faced lie and you know it. Of course you wont it since you're probably some government agent pushing an official narrative.