₦airaland Forum

I can not exactly say the best way out of this forex mess, but I like to bring your attention to something worse than fall in crude price and production. That is Round Tripping, a situation where people get forex cheaper at a first tier market and sell it higher at the parallel / black market. In this case N315/usd and N480/usd. This is a big threat and will encourage hoarding to create artificial scarcity thus hike in exchange rate. And trust Nigerians are quick to take advantage of loops in any system.