mastermaestro:


The level of anger on this thread can heat up the entire Europe this winter. Is it a crime to keep plenty cash at home?

The last time I checked, the rich aren't responsible for the poverty of the poor.

Thisis2raw:
Some group of people have robbed this country dry, if this was a legit money, it will be in the person account

Emeskhalifa:
THE CURRENCY SITUATION: A MUST READ

1). So many Nigerians have stacked Naira notes in their closets and are cut up with this policy of the CBN. There is a rush by ignorant Nigerians to convert their Naira to Dollars. Naira is at all time low against dollar and it's going to go even lower. For example a man converts #10m to 12,500 USD at the current exchange rate. It's easier to keep it with himself than to deposit in a Domiciliary account with a DMB because of the stringent policies around FX cash deposits. He hopes that by December when the new Nigeria is floated, he'd have his FX converted back to Naira from the Aboki guys he bought his USD from.

2)The Aboki man who sold FX to his customers at exorbitant rate excitedly goes to the DMB to deposit the millions of Naira he got the the FX swap he did. He knows he is getting richer in geometric proportion by this new policy by the CBN. He awaits the printing of the new Naira notes so as to reconvert the Naira he has in his account today USD and continue making more money.

3). All customers who deposited their Naira notes, those depositing and those who would be depositing are eagerly waiting for December 15. The DMBs are also waiting for the said date. Meanwhile there is a cashless policy waiting to hit all Nigerians by January 2023. On December 15th, customers would rush to the DMBs for new notes so as to withdraw as much as they can before January when the cashless policy would be effected 100%. The DMBS would rush to the central bank branches to withdraw new notes. The branches would go to the H/O for new notes. H/O would release just a little to branches based on cash management policies. CBN Branches would release in trinkets to DMB branches and tell them to go manage their customers. DMBs would revert back to their customers based on the low available new cash notes. There would be slight panicking as customers who deposited old naira notes cannot retrieve same notes from the DMBs anymore because of unavailability. Remember, digital money and paper money is still money and so customers would be advised to use electronic channels to make payments.

4) The Aboki guy who kept millions of Naira is also a victim of the shortage of new notes and so he cannot buy back FX from his customers who were hoping to return the ones the got earlier ones the new notes are in place. Aboki begins to panick as well. Those who have FX and need naira notes begin to sell their FX to people who have naira whether old or new just to cash in before January. In doing so, USD begins to crash as rapidly as it rose. Much of the FX becomes deposited in DMBs as carrying the raw cash isn't useful anymore. The CBN is happy because there is more FX in the banking system to give for Forms A, M and Q. Naira begins to gain rapidly against the dollar.

5). In January, cashless policy takes effect. So even if the CBN makes available more new notes to DMBs, customers cannot withdraw above the stipulated across-the-counter limit to avoid heavy charges. Customers are forced to use electronic payments, FX policy and transfer and withdrawal is so stiff that swapping FX and Naira is no more a gain. USD parallel and black market prices crash all the way down to CBN rate. Inflation based on importation of goods and services is checked as Naira becomes strong against dollar. People who have physical dollars would lose. There would be limited access to naira notes as electronic transfers become prevalent. Enaira purchases also become more as Nigerians look for most seamless methods to do payments. By June, whoever takes over power would have a soft landing as this policy by the CBN has controlled a whole lot of inflation, corruption and economic degradation.

6). If you have Naira notes stashed with you, return them back to the bank through your account. Don't try to play smart trying to beat the system, you may become the architect of your own loss. Your 12,500 USD may fall from #10,000,000 to #5,000,000 in June, 2023. Meanwhile if you put same #10,000,000 in Treasury Bills at the current 14.5%, you should be gaining about #725,000 at the same period.

Let's try and look at the bright side of things, Nigeria shall be great by God's grace.

triple996:
Christianity is fast becoming already a joke

Merch:
I have never really understand why bad things always happen to good people

rodneyaza2020:
U have done well as a former governor of Kano state . But We urge u to step down for Bola Ahmed tinubu because we need his service at this trying time.

Johnrake69:
What is even Bureau De change? This is simply the guys sabotaging the economy. Every northern politician has a Bureau De change

caesymore:



My MD will fire him right away . Guy try and get sense, doctors are leaving and doctors dey. My hospital is a very competent hospital competing with American standard, it depends on the kind of hospital the guy is working with.

Only a kid throws insults without reasoning. Grownup please, I meant to elucidate and not to insult, my shift ends soon though was busy with a patient and I couldn't express all I wanted to in the previous post.

Bigleaf1006:


If both hands are tied yes,probably but with just a single free hand,you can fight it off....that's why human dinner for phytons is quite rare

Bigleaf1006:


A 7 meters long snake is a formidable hunter and big enough to take on anything.....however certain preys are still beyond it, south east asians are known for their usually smallish and frail frame, considering she is a grandma and coming from work she could be vulnerable due to lack of strength or burn out.

A full grown man of considerable physique will fight off this snake while standing upright.....that's if you don't have both your hands tied though

zedman1:
Cobra of this size? Cobra? Haba bros, you tried to kill it and you're still alive? Bro, you said Cobra o, and of this size o. Kai, cobra! Cobra!! Cobra o!!!

foleskay:
Indonesia and Australia..don't know which one is more dangerous to live between the two. Countries full of deadly animals

Doctortest:
It always amazes that all the amount of bush I have entered To blunt and shit ...both in the east And west. Even all my night bush blunting never for one day did I encounter a snake ....
I guess the highreee in me pass their power

pinkPUSSY:
There is something Tinubu supporters have failed to realise.. Attacking Obi or Igbos won't make you or your candidate Tinubu to rise..

The greatest threat Tinubu has today is Atiku because Tinubu is hoping on northern votes to win not Obi.. Average Obi supporter would rather vote for Atiku that has a Christian on the ticket than a man that insulted entire Christians by telling them they are incompetent.. Dear urchings, learn how to channel your frustration at the right quarter because attack on Obi supporters is a plus to Atiku.. You are losing it back to back..

Well, I don't expect proper reasoning from people that see politics upside down like bats they are..

HajiMT:
I cant wait for this project to be completed. It has already added to Lagos sophistication and it will greatly assist lagosians' movements from one place to another.

Fiscus105:



Daily increment on food alone is btw 14-16k? (14*30= #420k) if I choose minimum increment spendings only on food oooo.

All of these are just to make front page, yet some hopeless and lazy readers will almost have HBP on mere figment of OP' imagination, blaming institution of marriage as usual.
.......thank God you still be able to stay in room and parlor? Wen u done with ur hallucinations you shall wake up from your dream where you saw urself in room and parlor self contained when actually you are in a single room ,"face me and face you".

Dtruthspeaker:


They were evils like you and turn by turn your turn is coming.

Reminderz:

don't mind that idiot, he loves to rant alot... man city never wanted him. no top football clubs wanted him...

Beverlyjean:
He should have joined city..So why being a coward and not say that to Ronaldo face to face? Roy Keane said that he wanted to leave and they didn’t let him go, he had offers from different clubs! So someone is lying here and it’s not Ronaldo! That’s why I love managers like Mourinho, Anceloti, Zidane and Guardiola, they know how to talk face to face with superstars...Ten Hag never trained a superstar and can’t handle the situation with Ronaldo...he just need to be honest with him and say that he don’t want him and Ronaldo will leave with respect for him, but this way it’s impossible for a player that is arguably one of the best in history to respect a manager.

SeniorMan715:
The Goat is always right tho he acted unprofessional but to be honest Ten hag have been unfair to him after promising him game time and saying he has him in his plan just to keep benching him, who won't be frustrated and angry a legend like ronaldo will he regain his form in the bench.

joshuaidibia:


You should look yourself in the mirror when you asked if I don't know how to read. I'm done arguing with a slowpoke. Have a nice day.

donforeign:
Ronaldo is better than martial n rashford combined... If una no give a Bleep, make una let am go January... As if d man u first good before

Bamson1:


On which present form is Trashford better than Cr7 ? He rarely attack opponents, his passes are wack, his goal sense is irritating, it's just British hype. I doubt if he's among the England XI for this world cup.

You confidently assure that a player of his young age is consecutively not in form, but y'all are free to yab Cr7 of 37 yrs for any minor mistakes of which Trashford, Sancho and Martial has did several times. Isn't that hypocrite.

Despite the fact that I still don't want Cr7 to play full match, Trashford is never an option, no wonder Man Utd goal difference is low, if it's at least 5 mins, 10 hag should allow the man play or let him be.

joshuaidibia:


You mean the same Rashford that Utd fans in UK is singing for him to be sold? Even Thierry Henry blasted Rashford few days ago about his finishing. Talking about Juve, man spent two years there and scored more than 100 goals, Juve still posted a video of cr7 today on their tweeter handle, so please don't bring any talks of misunderstanding that lead to his departure. The goal was to spend 2-3yrs in Italy. I rest my case.