IconicR:
I don't know how else to pacify Nigerians, I have been assuring them that things will normalize soon but these third position mandate claim people will not even listen. Same subsidy that obi swore to remove immediately he gets in(dreams) . let's be patient and I pray minimum wage be increased soon as planned and private sector sanctioned as well.

Dotherightthing:


Nigeria's economy will NOT crumble in 6 months confirming that your education was a waste!

IconicR:
I don't know how else to pacify Nigerians, I have been assuring them that things will normalize soon but these third position mandate claim people will not even listen. Same subsidy that obi swore to remove immediately he gets in(dreams) . let's be patient and I pray minimum wage be increased soon as planned and private sector sanctioned as well.

IconicR:
I don't know how else to pacify Nigerians, I have been assuring them that things will normalize soon but these third position mandate claim people will not even listen. Same subsidy that obi swore to remove immediately he gets in(dreams) . let's be patient and I pray minimum wage be increased soon as planned and private sector sanctioned as well.

IconicR:
I don't know how else to pacify Nigerians, I have been assuring them that things will normalize soon but these third position mandate claim people will not even listen. Same subsidy that obi swore to remove immediately he gets in(dreams) . let's be patient and I pray minimum wage be increased soon as planned and private sector sanctioned as well.

IconicR:
You know nothing about that deceitful man, Aisha and his lawyers are now very rich, they are all buying properties in Abuja. I don't know what on earth will ever make me see him as a messiah, I know him too well more than most people shouting all over social media giving him the underserved hype. That man ruined Anambra to pieces

IconicR:
I don't know how else to pacify Nigerians, I have been assuring them that things will normalize soon but these third position mandate claim people will not even listen. Same subsidy that obi swore to remove immediately he gets in(dreams) . let's be patient and I pray minimum wage be increased soon as planned and private sector sanctioned as well.

BoldBrainz:
Shonubi has just removed the rug from under the feet of his employer.

The week Tinubu made the pronouncement of currency liberalisation, he specifically spoke on the unification of exchange rates between the open market and the official FX window. He sounded so cock-screw certain of the terminologies he was reeling out that his minions were applauding with gusto.

Couple of weeks down the line, the disparity in rates between the open market and the FX window is spiralling out of control to the point these clueless people are already dipping hands into the external reserve just to keep up with the FX demands of the market. So, not only are prices of basic necessities blowing through the roof, our reserves have lost over a billion dollars in the space of 2 months.

You cannot seek to put control over the spread or usage of a currency you do not produce, especially in an economy that depends on that very currency. I am not an economist from Chicago University, neither am I in an acting capacity at the CBN, but I have the intelligence to read and study situations and the common sense to acknowledge the truth of a situation.

If the Nigerian economy doesn't crumble in six months, going along this particular trajectory, then I'll know my education was a waste.

Xscape1993:
It is now evidently clear that this evil government has no plan for the masses. They are just after looting and looting...

IconicR:
I don't know how else to pacify Nigerians, I have been assuring them that things will normalize soon but these third position mandate claim people will not even listen. Same subsidy that obi swore to remove immediately he gets in(dreams) . let's be patient and I pray minimum wage be increased soon as planned and private sector sanctioned as well.

dre11:




https://dailytrust.com/subsidy-removal-fg-resisted-pressure-to-print-money-ngf/

GeneralDae:

You lack understanding on this. Previously we had several official rates ie CBN rate and the I&E window. Now everything official has collapsed into the I&E window.
When it comes to the parallel market, you can only speak of convergence not Unification.

reiddecuti:


Things can't normalize except government, from FG to States begins to take up their responsibilities, firstly by fixing the refineries and deliberately move the economy from constipation to production.

If not it, what is going to hit Nigerians in the nearest future, no kinda shock absorber or palliative can withstand it.

reiddecuti:


Things can't normalize except government, from FG to States begins to take up their responsibilities, firstly by fixing the refineries and deliberately move the economy from constipation to production.

If not it, what is going to hit Nigerians in the nearest future, no kinda shock absorber or palliative can withstand it.

BoldBrainz:


Go and read Shonubi's press release from his yesterday's meeting, then come back and tell me what I lack understanding about.

As regards certain delicate issues, I do not involve in discussions with people who sling insults instead of proper facts. That I did not elucidate between the CBN and I&E rates in my write-up is because this disparity no longer exists.

But your acting CBN governor says the intended purpose of the policy was not unification, when it was lucidly spelt out that that was the very purpose from the beginning.

Go and read his words to the press.

GeneralDae:

I don't have to read what I watched live.
He said convergence is the right word and like I explained when it comes to parallel market, convergence is the right word not unification.

BoldBrainz:


Convergence is the right word between the official FX or CBN rate and the open market (Black market).

But where we had different official rates prior to the currency flotation, unification was the word to achieve a common rate. The common rate was supposed to converge and maintain balance with the open market.

Has that been achieved?

GeneralDae:

That was achieved until the last two weeks. Still too early to judge.

BoldBrainz:
Shonubi has just removed the rug from under the feet of his employer.

The week Tinubu made the pronouncement of currency liberalisation, he specifically spoke on the unification of exchange rates between the open market and the official FX window. He sounded so cock-screw certain of the terminologies he was reeling out that his minions were applauding with gusto.

Couple of weeks down the line, the disparity in rates between the open market and the FX window is spiralling out of control to the point these clueless people are already dipping hands into the external reserve just to keep up with the FX demands of the market. So, not only are prices of basic necessities blowing through the roof, our reserves have lost over a billion dollars in the space of 2 months.

You cannot seek to put control over the spread or usage of a currency you do not produce, especially in an economy that depends on that very currency. I am not an economist from Chicago University, neither am I in an acting capacity at the CBN, but I have the intelligence to read and study situations and the common sense to acknowledge the truth of a situation.

If the Nigerian economy doesn't crumble in six months, going along this particular trajectory, then I'll know my education was a waste.

BoldBrainz:
Shonubi has just removed the rug from under the feet of his employer.

The week Tinubu made the pronouncement of currency liberalisation, he specifically spoke on the unification of exchange rates between the open market and the official FX window. He sounded so cock-screw certain of the terminologies he was reeling out that his minions were applauding with gusto.

Couple of weeks down the line, the disparity in rates between the open market and the FX window is spiralling out of control to the point these clueless people are already dipping hands into the external reserve just to keep up with the FX demands of the market. So, not only are prices of basic necessities blowing through the roof, our reserves have lost over a billion dollars in the space of 2 months.

You cannot seek to put control over the spread or usage of a currency you do not produce, especially in an economy that depends on that very currency. I am not an economist from Chicago University, neither am I in an acting capacity at the CBN, but I have the intelligence to read and study situations and the common sense to acknowledge the truth of a situation.

If the Nigerian economy doesn't crumble in six months, going along this particular trajectory, then I'll know my education was a waste.