Taryur3:
d
Like seriously I cnt read all...what is he saying.?

Coldfeets:
Mr. Obailala, I know this is not part of the message you're trying to pass along but, please are you in anyway related to Madam lala..sticlala?

winkmart:
[size=20pt]THIS IS WHY I DIDNT STUDY ECONOMICS...I DIDN'T UNDERSTAND A THING....ALL I WANT TO SEE IS $1 TO MAYBE N50[/size]

mondbest:
Someone should summarize the full story for me please.

obailala:
https://aguntasolo.co/the-price-club-the-new-nigerian-naira-6e9613715acb#.fm5meaqgo

OlujobaSamuel:
long but fun reading through. will continue later.
modified
E be like sey I don finish.
wetin I see;
we now have an nnpc, independent oil marketers, and others structure.
In this case cbn won't trade daily like nnpc but once in a while when necessary.
I also felt we have people having fx outside the system(home and abroad) not releasing it due to the buying price(197) which is at significant variance, sorry, difference with the selling price(350), this will make people sell fx more into the system because the difference now will be insignificant.
You can also source for your fx in advance if you think you have the cash now which you might not have in future when the need arises, you can also speculate the price of fx in advance if you can study the factors involve and ready to take the risk.
We now have big boys that will sit, wine and dine with the cbn, let's hope the cbn will know how and when to differentiate between a regulator and operator, for these guys might wake up one day, cause artificial scarcity through speculation(I don't know how to explain to non financial students) and crash the price the next minute.
I think the CBN should look at the case of insider abuse/trading, because I'm sure they will try to mop up fx to raise up the price since it's a demand and supply market.
I tried, make another person take over.
cc; dmighty

stcool:
[b][/b]

That is why people like you remain where u are...how long can reading to liberate your life get!

frisky2good:
If I have to explain it, it will be longer than the article. The article is a layman's explanation of some of the features of the new CBN forex policy.

ReabridCharles:
Truly, God should help you not to eat your words.

The market forces will now come to play at the table. The move by the government is indeed a good move come too late. When people were calling for it, they were silent. Only dishing out and not taking now. Now the experiment has failed, they are running back to the basics.

This government has done real damage to the economy. That's a point you and I can agree upon. But with dis move, it's time to clear up some mess. The government can now spend it's time worrying about other tins aside forex.

I never liked Buhari, I have my reasons but it doesn't mean I don't want him to succeed. If he does succeed, he just won me over to his side. Then if he doesn't, I guess I just have to keep hating him

Thanks op... good one... keep the analysis coming...

pimplucious:
The first couple of people to coment on this post has nothing to say other than "the post is too long" this goes to buttress the saying that "Nigerians don't read"

The post is so Brilliant I had to read it twice btw.

atirolu:
Haven't carefully read this piece I came to conclude that this new policy is a test that doesn't have any economy policy direction ( try and error policy) it may fail and it may succeeded in solving part of the economic problem. That is if the dollar go so high nigerian will shift based to locally made product. That's doesn't mean politicians wouldn't send their children abroad to school anyway.


That is my little understanding of the police don't quote me

meltiplexer:


pls help summarize na,biko..............ejoooooo..........sansan



i can do it but am busy with my naijabet stuff

Inception:

The comments of some folks on this thread brings to reality the consequence of serious intellectual laziness , indolence and lethargy, especially among our youths(unfortunately).

How can someone open his smellymouth to say that he/she cannot read such an insightful and educative post by the OP and is asking for a summary?

This is really sad!

modath:


It's make or break time, if this doesn't revive the economy then deliverance is the next line of action.