Mustiboy:
There’s no way the deadline wouldn’t be extended.

The old notes are still very much in circulation, and there’s no way banks will take them all in 4 days.

millionboi2:
nonsense,it doesn't make any sense.....who told you those politicians don't have much of the new note

mcfestgee:

think it's high time we stop attacking ourselves in the south. The north have come together to give the mandate to Atiku. Bubu is dancing towards this direction.

This they will actualize through the greediness of the south politicians.

The only way to ensure power does not shift to the north is that the two frontrunners in the south is to agree to step down for each other. North alone cannot produce the president, they need the cooperation of a region in the south which Tinubu help them to achieve in 2015.

I will suggest Tinubu swallow some pride, step down for Obi because the northerners around him don't want him, they just want to eat his money. Also, Tinubu has so much baggage that does not appeal to youth and the elighteened Nigerians that formed the bulk of this year's election.

Once again, the North at last, last whether in PDP or APC Will rally round Atiku. That is why you hear APC decamping to PDP every day in the North.

Let South West stop insulting south East and let South East stop insulting south west.

I come in peace.

Madridstar:
Bandits and kidnappers are shocked by the happenings in Nigeria this period, they don go mute

Dshocker:
The central bank has made it available for commercial banks, but they seem to be issuing it to politicians mostly.

malali:


1-The American currency cannot be easily manipulated like that.....their highest security system protects 2 things...The president and the U.S Dollar.

2-IF you do not know that there are people in Nigeria printing counterfeit Naira into the system, then you are just being naive.

[b]I am sorry, this is speculation.

3-The government cannot increase the amount of dollars just like that (its easier for them to increase or decrease naira, thats the currency they can control) Our government is taking on debts and depleting foreign reserve to get USD.Even they dont have dollars....Any dollar anywhere in the world has to be justified (where is it coming from and where is it going to)

The Nigerian government has $39.2bn dollars in its reserves. This is money that belongs to Nigeria. If it unloads $5bn unto the market, with narrow money supply, the dollar rate will crash.

4-Imagine a syndicate printing 200 million Naira everyday, that might be what Nigeria is dealing with.....There are a lot of people on social media flaunting wealth without any known source of business or job.....Most likely they are counterfeiting currency.

If anyone is printing naira it is the CBN through ways and means. There is no one who can print the Naira at such volumes as to impact broad or narrow money supply. Its simply impossible.

Open your eyes, there is a lot going on in Nigeria, Don't forget Naira is printed in NSPMC Jos, by human beings locally.
The crooks are ahead of the government, the government has to take drastic moves....

The different quarters complaining now are people with 500 million naira ay home and they can take it to the bank.....If you observe a lot of real estate prices have crashed since the government announced new currency.....criminals are trying to launder cash.

There is oversupply in the luxury homes market e.g 60m plus. Undeveloped land will fall for the same reason. In a country where only 400k people have $10k or equivalent in their account - who is going to take up such houses. There is no oversupply and no rents or real estate collapse in flats, single br self contained or professional housing.

If the government wants to fix it even better, there should be 1 more sudden currency change within 5 years.
[/b]

leisuretym:


That’s the truth Nau, same way the same government fixed official dollar exchange rate that chased investors away, selling cheap dollars to themselves to reseller in the black market , all these foolish experiments is what crashed the Naira, they banned foreign rice and opened borders to herdsmen to chase farmers away from the farms , same banned foreign rice is everywhere in the market selling at expensive rates , I will not suffer what I don’t know because of one quack economist experiment.

malali:
THE CURRENCY HOARDERS ARE FINALLY BRINGING OUT THE MONEY......

THERE ARE VAULTS BIGGER THAN CBN IN KANO AND LAGOS.....

NIGERIA'S REAL ECONOMY IS IN THE HANDS OF BLACKMARKET CURRENCY SPECULATORS......

THERE IS NO WHERE IN THE WORLD WITH SO MUCH MONEY OUTSIDE THE BANKING SYSTEM........

Mustiboy:
There’s no way the deadline wouldn’t be extended.

The old notes are still very much in circulation, and there’s no way banks will take them all in 4 days.

Millz404:
CBN is making it scarce on purpose, what is the point of changing the old notes when you are just going to flood everywhere with the new ones.

Get new notes enough for petty transactions, anybody that wants above 1k from your hand, do transfer.

drololaaof:

The DM Banks allegation against CBN is coming too late ,foul.
For over a month no ATM is dispensing new notes as alleged by them . If they have been loading the machine as alleged the scarcity would have been reduced.
Both the CBN and DMB are not telling us the truth

BreconHills:


Currency change is gimmicks to hide currency printing and complete fiscal indiscipline by the CBN. It has no value at all on Nigeruas inflation. When money supply contracts it should lower inflation - this is not the case because most of our inflation is imported. If the CBN allows free and unrestricted transfer of dollars brought into the country, imported inflation will fall.

Millz404:
CBN is making it scarce on purpose, what is the point of changing the old notes when you are just going to flood everywhere with the new ones.

Get new notes enough for petty transactions, anybody that wants above 1k from your hand, do transfer.

greatiyk4u:
CBN is hoarding it on purpose ,release large chunk before deadline and see politicians take advantage and change it with their stashed loot

From Tuesday, banks will start receiving enough of the new currency from CBN since by then, the old ones are useless


It makes enough of economic and security cum strategic sense.

nlfpmod:


https://www.google.com/amp/s/businessday.ng/amp/news/article/bank-operators-tackle-cbn-on-alleged-hoarding-of-new-notes/


Picture of CEOs of commercial banks meeting with the house ad hoc committee on Banking and Other financial issues on Thursday in Abuja.

greatiyk4u:
CBN is hoarding it on purpose ,release large chunk before deadline and see politicians take advantage and change it with their stashed loot

From Tuesday, banks will start receiving enough of the new currency from CBN since by then, the old ones are useless


It makes enough of economic and security cum strategic sense.

OkodiDenzel:
All of a sudden Nigeria's lawmakers concerned about those in remote places as reasons for an extension of the deadline as if they really have cared before.

olatuns2017:



Omo Yoruba this is politics

You must understand it


Emefele is very bitter because he also wants to be president!


The other saboteur inside is

Osibanjo (Esu pasto) who was living in his father house at Obanikoro Bustop when TINUBU sent for him to come and become commissioner)

Boss Mustapha is also very bitter and some key people in Govt


PDP has started destroying train rails (make APC bad)

Alot of attrocities will happen before elections


Asiwaju is the target


Protect South West


Ibos too are planning their riot if INEC announce Asiwaju


Be warned and vigilant


Never allow them for no reason

There must be peace in Yoruba land


Little infrastructure we have must not be destroyed again


Ire oo