naijamd:
After wasting billions of dollars worth of our foreign reserves defending an artificial rate, Bubu goes back and shallows his vomit

joseph1013:
After crashing the economy with his stubbornness, Buhari goes back to his vomit and does the same thing he swore not to do, both on local and international media.

May we not be cursed with leaders whose egos are bigger than the common good of the masses their common sense.

macanu:
Confusion everywhere

Inception:

i tire!

blackpanda:
[s][/s]

Please be quiet. Intelligent people are conversing

Segunbills:
CBN and Buhari be like

okirahaj:
any economist or business administrator or accountant here to break those terms down to our understanding because I don't understand it at all.
pls I need the breakdown

Maxymilliano:
Trial and error governance ...

yemmight:


You guys should just be positive for once. Government has taken drastic measure to manage the economy. This is just today and you have started criticizing negatively. Are you positive in your life at all?

feature11:
Does this mean that Naira has been devalued?

Lescalier:
Floaters.

blackpanda:
[s][/s]

Please be quiet. Intelligent people are conversing

Pavore9:
Waiting for Monday.

Image123:
This one na coup d'etat oh. All Buhari gragra, na travel dem dey take settle am. Baba, old age abi wetin? Anyway, a paralyzed Buhari is better than thieving Jonathan.

Nuahall2k14:
How much Will banks then be charging wen one is withdrawing from ATM abroad. Which xchange rate Will they be using?

feature11:
Does this mean that Naira has been devalued?

feature11:
Does this mean that Naira has been devalued?

oneitalia:
Please can any economist explain how the naira floating will affect common man?

Onegai:
For those wondering what it means, follow @tunjiandrews on Twitter. He's a smart and objective Economist who analyses Nigerian economy on the radio. And he and other economists are all saying this is a good decision. Even some economists who are totally against Buhari are for this policy. One even said that this was what should have been done since last year.

From all indications, this is a good policy. It will apparently break the hoarding and speculation. And most people didn't see it coming (they assumed CBN couldn't keep fighting).

Basically, if you're hoarding dollars to speculate in the hopes of reaping a windfall, better go and dump them now. Because dollar will be open for competition.

wristbangle:
I really don't understand the complexity of the article but it seems they want to cut the enormous cluster of official foreign exchange pegging it at a fixed rate that will discourage 3rd parties hence pave way for forex traders to buy what they can afford just like the fuel subsidy case.

Wetin I dey type sef . Make Monday come, make we know the official rate

busolakun:
Good economic decision for once since. Now we will know the real worth of NGN.