mrvitalis:
This means fuel would be 850 minimum

I hope they know what they are doing

Price of petrol is 1.3 dollars... What ever the exchange rate is just multiple by 1.3 that would be price of petrol

The people getting the dollar at the official rate..are the really using the dollar to import fuel or they are round tripping it??..
Just so you know it’s easier for me to round trip the dollar and make cool cash than to follow the route of stress to import fuel and still the same profit or less than round tripping..

HonNL:
<sub>Banks being told that supply and demand will determine rates

Nigeria resets monetary policy after sacking central bank head</sub>



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This Tinubu wil destroy Nigeria if care is not taken!
All this media hype will not save Nigeria and Nigerians by the time he is done with his crazy capitalist policies.
The more the naira loses value, the more Tinubu and his cronies become richer, and the masses become poorer!
Some idiots are still praising him for this destructive policy!

Mark my words, this policy is a bad on
Very very bad one…don’t forget most of our citizens are greedy fuckers…there’s no way the dollar is going down now…brave y’all selves people

No one that steals political power will use it for the good of the people.

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.

all those who liked this are from venisWailer! Jagaban of borgu is on the move !!!! Wailing is free !!!

Globad:
Hope people can now see what is meant by purposeful and deliberate leadership

With this policy, more foreign exchange inflow will come in. Naira may depreciate in the short run but it will appreciate in the long run

you ppl have started again with your jagbjajantis analysis.
Same nonsense you ppl said when the failure in chief was establishing draconian policies.
Las las we all know how it ended…

Fake news.

Lyrics269:
Baba tinubu is the right man.
Only him can restore what the worms have eaten
Baba Tinubu to the world

I hope you understand what that means, this ass-licking boy??

With this arrangement, the exchange rate can now freely go as far as #1000/$ because the problem of shortage(poor supply) hasn't been solved and can't be solved by the government.

Or do you think Tiefnubu will be stealing dollars abroad and trafficking to Nigeria?

Globad:
Hope people can now see what is meant by purposeful and deliberate leadership

With this policy, more foreign exchange inflow will come in. Naira may depreciate in the short run but it will appreciate in the long run

This won't encourage more forex inflow ..
This is the very worst thing to happen..I hope it is fake news..

This means CBN be have not business defending the currency once it takes a free fall

Globad:
Hope people can now see what is meant by purposeful and deliberate leadership

With this policy, more foreign exchange inflow will come in. Naira may depreciate in the short run but it will appreciate in the long run

Yes, Tinubu may well be a DRUG BARON…
But this is exactly the CORRECT forex policy.

Hopefully, his successor will continue it.
>

JaskanFactor:
translation they want to devalue the naira, straight on the back of removing petrol subsidy.
This may be bad time to be keeping lots of naira in the bank, better change your money to forex.

too late. If you go to buy naira now, banks will give it at same rate with black market, if you go black market, same thing.

So kukuma hold your naira. taking advantage of dollar or Dollar arbitrage is over

They should simply say that they want to devalue the naira officially.
It is still better than Buhari wicked policies

Diaspora will soon start sending in dollars through the banks. Lots of money laundering going on backdoor.

Naija will pay Naira into accounts, same will save dollars equivalent in US banks.. buy at Emefiele rate and transact to desperate people for more...lots of scams

HonNL:
<sub>Banks being told that supply and demand will determine rates

Nigeria resets monetary policy after sacking central bank head</sub>



SOURCE



SOURCE



SOURCE

Globad:
Hope people can now see what is meant by purposeful and deliberate leadership

With this policy, more foreign exchange inflow will come in. Naira may depreciate in the short run but it will appreciate in the long run

Yes, Tinubu may well be a drug baron…
But this is the CORRECT forex policy for Nigeria.

Hopefully, his successor will continue it.
>

Globad:
Hope people can now see what is meant by purposeful and deliberate leadership

With this policy, more foreign exchange inflow will come in. Naira may depreciate in the short run but it will appreciate in the long run

Where will the more inflow come from??

You guys are so annoying and ignorant

Globad:
Hope people can now see what is meant by purposeful and deliberate leadership

With this policy, more foreign exchange inflow will come in. Naira may depreciate in the short run but it will appreciate in the long run

In what backdrop are you anticipating the long run appreciation of naira? A country where everything is imported with very little exports. Hopefully, local production will be encouraged and this to a large extent is a welcomed development.

Hmmm let's wait before conspiracy starts

Frezhkid10:

The people getting the dollar at the official rate..are the really using the dollar to import fuel or they are round tripping it??..
Just so you know it’s easier for me to round trip the dollar and make cool cash than to follow the route of stress to import fuel and still the same profit or less than round tripping..

Globad:
Hope people can now see what is meant by purposeful and deliberate leadership

With this policy, more foreign exchange inflow will come in. Naira may depreciate in the short run but it will appreciate in the long run

It appreciates in the long run only when you have enough supply directly to those who need it, not the one BDC's and Banks will hoard and give to the highest bidder or whom they like!
Forget this country bro, they will hoard it to the fullest, push up the price entirely and sell!

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.

This is the most pained obedient ever

Let it start manifest on the everyday life of the common Nigerians,orderwise it's just a lamba

This is the best period PBAT can test all this policies.
People can still reason and accommodates them.

Redoil:
sorry to ask you
do you understand the basic economics of international trade in relation to FX?

Those guys don't understand anything.
Don't waste your precious time on them.

hardywaltz:
Let's see how it goes

This is more like an appropriate response. "let's see as it goes"
Not the fellows shouting in euphoria, thinking some master stroke has been made. People that do not know if it goes south, more poverty will spread due to the loss of purchasing power.

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.

Oga you never moved on? Even Peter Obi is planning to join the agbado camp and you are here crying like a little baby.

JuanDeDios:

Floating the naira will positively impact the common man.

It will not .. y'all should stop acting dull...

And Inconsistent forex rate will affect every imported goods..
It means you can buy fuel for N500 today and N1500 next week

HonNL:
<sub>Banks being told that supply and demand will determine rates

Nigeria resets monetary policy after sacking central bank head</sub>



SOURCE



SOURCE



SOURCE

Dollar is 800 Naira ! are we bewitched in this Country
we are buying fuel is 600 Naira are we cursed in this country
and APC is still in Power!
we should chase this people away already

Lord

HonNL:
<sub>Banks being told that supply and demand will determine rates

Nigeria resets monetary policy after sacking central bank head</sub>



SOURCE



SOURCE



SOURCE

Wow

Globad:


When did Obi say this?

Obi that supported the currency confiscation programme?

Those people are fools and subhumans


This pethief OBI didn't release his manifestos unyilla month after Tinubu releases his manifestos

How can a whole movement ot Tribe thrives on LIES!

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.

Lol, sorry ehn, I know say e no easy, but na so you go cry for the next 8 years, chai, o ma she o 😜😜😜🤣🤣🤣

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.

I hope you will not kill yourself before four years, it is still early.

Lyrics269:
Baba tinubu is the right man.
Only him can restore what the worms have eaten
Baba Tinubu to the world

You're a complete nuisance, the understand the economic implications of this or you're bereft of ideas like your folks or you just want to flow with the jagaban bandwagon? Sometimes don't expose your ignorance, the stench is nauseating.