festacman:


Where is forex to import? Who did you think solely import fuel in the last 8 years?

mayorkent:
Lols , borrow to stabilize naira ..

Brendaniel:
nairalanda1 I told you subsidy was not the problem of government borrowing, I told you subsidy removal will fail and they might still borrow which they are already doing even with more suffering on Nigerians, I told you corruption and high cost of governance is the major problem which Tinubu is not tackling and as long as he doesn't tackle it his government has failed even before it starts and will keep failing if he doesn't..

It is not a curse, Tinubu keeps putting the cart before the horse, he was the wrongest person to ever become president of Nigeria at this time, Nigeria has taken a total of about 4 billion dollars in less than 4 months without subsidy, coupled with increased tax and hardship on the people...

fieryblitz:
What's the business of NNPC and monetary policy? This country matter dey funny me! Where's the Ministry of Finance/ CBN governor?

skj1377:
This happened in Ghana in 2019.

jydeskill1:
Right move. This will provide liquidity for more transactions non-oil transactions in dollars.

masseratti:
We cannot go on like this.. This is not the way out to stabilize the naira, the only solution is to go the way we did with fuel subsidy, no more special treatment, if you have a window the I and E window and a parallel market with two different rates in one economy, some privileged people who have access to the I and E window to buy Dollars will buy it at a lower rate and sell at the parallel market at an higher rates, also the world is no more in the 90s where market forces closes with banking hours, shut down the I and E windows, buy and sell the dollars at the going rates in the parallel market.. With that you have unified the exchange rates and allowed it to float freely, stop selling to the banks. If you have to sell to the banks sell at the aboki rates and buy at aboki rates.. The demand for dollars I can guarantee will go down 40% under just one week.. Thereby forcing the rate down...
The CBN honcos knows this, this is what we need not loans to defend the naira

It might be ok for short term but what happens when it's exhausted? It's a vicious circle.. Only way out is for CBN since they are the largest holder of the currency or the IOCs to buy and sell at the parallel market rates abolish the I and E window.. It's just a conduit for another round tripping.. That's what is causing the rise in dollars thereby triggering inflation.

masseratti:
We cannot go on like this.. This is not the way out to stabilize the naira, the only solution is to go the way we did with fuel subsidy, no more special treatment, if you have a window the I and E window and a parallel market with two different rates in one economy, some privileged people who have access to the I and E window to buy Dollars will buy it at a lower rate and sell at the parallel market at an higher rates, also the world is no more in the 90s where market forces closes with banking hours, shut down the I and E windows, buy and sell the dollars at the going rates in the parallel market.. With that you have unified the exchange rates and allowed it to float freely, stop selling to the banks. If you have to sell to the banks sell at the aboki rates and buy at aboki rates.. The demand for dollars I can guarantee will go down 40% under just one week.. Thereby forcing the rate down...
The CBN honcos knows this, this is what we need not loans to defend the naira

It might be ok for short term but what happens when it's exhausted? It's a vicious circle.. Only way out is for CBN since they are the largest holder of the currency or the IOCs to buy and sell at the parallel market rates abolish the I and E window.. It's just a conduit for another round tripping.. That's what is causing the rise in dollars thereby triggering inflation.

leokid866:
Oga learn to read before buhari left he opened up the market so independent marketers can bring in fuel....several of them have been bringing in fuel since june.....learn to read and stay updated please.....
https://www.google.com/amp/s/punchng.com/nnpcl-monopoly-ends-as-marketers-fuel-vessel-arrives/%3famp

uche393:
I don't understand... wtf?
a privatised institution borrowing USD to stabilise NGN
our country is a joke

billyG:
Like taking a loan to pay a loan....it is only in d zoo that nnpc can take over d function of CBN.

Pierocash:
Ok

So they will keep borrowing to stabilize the naira abi?

Chai, too many mugus running the country

Taylor90:



They will call you a wailer that will wail for more 7yrs and 9 months

Meanwhile na them dey suffer pass

numar:
Many complaining. Put them in the office for one month and see how confused they'll be. Una think sey na bigots dey this offices

Mccullum:
If I'm not wrong, it means they will pay the loan back with crude oil.

But my concern is sincerity of purpose. Once that's there, nothing wrong about it.

Pierocash:
Ok

So they will keep borrowing to stabilize the naira abi?

Chai, too many mugus running the country

Pierocash:
Ok

So they will keep borrowing to stabilize the naira abi?

Chai, too many mugus running the country

spiSeyi:
There is nothing bad in borrowing but being a bad debtor is bad. I expect NNPCL to use the proceeds they get from this investment to merge with a private investor by buying a larger share of the establishment and get 1 of Nigeria's four faultrefineriesry working

Pierocash:
Ok

So they will keep borrowing to stabilize the naira abi?

Chai, too many mugus running the country

skj1377:
That's a very huge profit potential. Buy as many dollars you can till the $3billion is exhausted. The Naira will crash threefold afterwards then you can bring out your dollars for maximum profit.

Hopebringer:


Exactly!! I was just discussing this with a friend right now 🤣🤣

Tinubu is very insincere. He knows this but the useless man won't do it because he and his friends also benefit from this I / E window

Its how the elite enrich themselves from their bedrooms

leokid866:
please kindly give us a step by step of how this equals to fuel subsidy cause they have not said NNPLC is the only one to be importing fuel.....have you tried to bring in fuel and anyone stopped you?

uche393:
I don't understand... wtf?
a privatised institution borrowing USD to stabilise NGN
our country is a joke

masseratti:
We cannot go on like this.. This is not the way out to stabilize the naira, the only solution is to go the way we did with fuel subsidy, no more special treatment, if you have a window the I and E window and a parallel market with two different rates in one economy, some privileged people who have access to the I and E window to buy Dollars will buy it at a lower rate and sell at the parallel market at an higher rates, also the world is no more in the 90s where market forces closes with banking hours, shut down the I and E windows, buy and sell the dollars at the going rates in the parallel market.. With that you have unified the exchange rates and allowed it to float freely, stop selling to the banks. If you have to sell to the banks sell at the aboki rates and buy at aboki rates.. The demand for dollars I can guarantee will go down 40% under just one week.. Thereby forcing the rate down...
The CBN honcos knows this, this is what we need not loans to defend the naira

It might be ok for short term but what happens when it's exhausted? It's a vicious circle.. Only way out is for CBN since they are the largest holder of the currency or the IOCs to buy and sell at the parallel market rates abolish the I and E window.. It's just a conduit for another round tripping.. That's what is causing the rise in dollars thereby triggering inflation.