They are only interested in avenue to enable them loot

descarado:

Angel, how u dey?

U see, I have to be rational. What is happening to Nigeria is expected. Tinubu will not rest until he recoup all the dollars he shared to Nigerians during election. Some people can't open their mouth cos they are guilty . These people rejected naira. You have to buy them over using dollars. It was the biggest dollar politics of all times. Them don chop their own, its time for tinubu and his men to chop. This is Nigerian politics. Even small boys were demanding for money to do what they are paid for.

You are a wise man.

I have told people that Tinubu knows what to do to stabilise USD but will never do it because it won't serve his interest. More reason he believes in getting loan to stabilise USD. He is currently planning to get 10 billion USD to loot Abi stabilise naira. Those expecting USD to crash are naive and don't understand what is happening.

They are benefitting massively from this USD crisis because it makes them borrow to loot in the name of stabilising USD.

Before this week ends USD will hit 2k certainly.

Borrowing to stabilise naira won't work but they are only interested in money to loot.

The money will be finished in 3 months and crashing of naira will resume.

We are in a mess with this FG, cluelessness personified. No one even all his appointees seem to know how to arrest the decision.

Let him reversed the USD floating & see if he can stabilise naira even at 1500

Almost 2000

Lesson - Love yourself first

There was no reason going to rescue a woman held by lion unarmed.

He should have gone with a gun.

Go and convert all your money to USD before it gets to 2500 by March.

The Government has no solution to our problems.

USD is still cheap compared to what it will become by year end.

Our protest was rejected at the polls

Tinubu till 2031

On your mandate we stand

Please make it harder we need to receive sense

1usd = 5000
Fuel = 4000 per litre
Bag of rice = 250k

This is the destination by 2031

Chicagograduate:
Anytime University professors are mentioned,what comes to my mind are,aiding and abetting election rigging for politicians,sex for high grades, and selling handouts for grades.Yet,they are still driving jalopy cars of the 80s.
Wack professors that cannot produce anything.

Only very few professors are involved in election not all

Hotfreezing:


And if you convert it to USD, it is USD you will use to buy food, right?

Okay, you convert back to Naira, will the price of food be the same as at the time you changed to dollars, won't it have skyrocketed?

At least money remain the same as prices are skyrocketing? Which is better

2000 in sight

Our govt has ran out on ideas

Better go and convert all your money to USD now before they become worthless

pcagbaji:

But if them bottles you some, you go still drink?

Never

I can even afford it at 2500 per bottle just felt it's time to quit.

Alcohol is normally a poison to the body and everyone must quit as they get older.

My best decision last year June was to stop drinking alcohol, all thanks to Tinubu & exorbitant prices. I can't believe I have lived without alcohol for almost 8 months

Emilakon

Mumu people

On your mandate we stand

Tinubu till 2031.

Zimbabwe loading

People who are mainly traders and trippling prices daily on old stock and cashing out big.

Mumu people

[quote author=Geopex post=128484034][/quote]

Yes at least they will conduct a better election in three years time.

Dear Nigerian Military the time is now. We beg you to save Nigeria

It's still cheap better stock up now on USD we are heading to 5k per USD by year end

With this economic crisis only a reversal of USD floating can stabilise the naira which ego won't allow Tinubu to do. Reckless policy that will crash Nigeria. Even if reversed it may be officially at 1500 and 1800 black market.

Omihanifa:
If something urgent isn't don't to prevent the slide. We should be looking at 2000 naira to a dollar by December.

Before end of March we will cross 2000 if something drastic is not done like reversing the decision to float naira so it can stay at 1500

He should focus on protest to reverse floating naira.

The word revolution is too sensational and will seem like trying to overthrow the government. It may end like end SARS

oluayebenz:


The policy is not working and it's getting out of control.

CBN will fix the rate at 1k... anytime soon

Info from insider

Not possible to go that low they have put it at 1490 already....

If they reverse the policy they can only hold it at 1500. And black market where it is accessed will sell at 1700. Difference of about 200.

oluayebenz:


Buying dollar at this point is extremely risky..

CBN is about to reverse the floating of naira policy.

I pray they can reverse the policy without further delay but they won't . It's a presidential directive and only Tinubu can reverse it if we occupy the streets.

Another thing you should know is that politicians and elites including everyone in CBN can't shoot themselves, they are all in the USD speculation game.

They all save in USD, participate in the hoarding and speculation & cashing out big time.

CBN is even selling USD to banks at 1490 to banks, banks will sell 1550 to 1600 to BDC and BDC will sell 1700 & above.

Any scarcity will disrupt this price pattern and it goes further up.

If not for the secret subsidy fuel should be 1200 & above now

1600 at the moment

Check abokifx

Foodempire:
Tbs should be nothing less than 22% by now as dollar is now #1,650. The economy isn't economiking, I wonder how the civil servants survive on a daily basis.

The economic crisis is heading the path of Venezuela.

USD @ 2000 is almost certain by march due to massive buying of USD for hoarding and speculation at any price.

A friend bought 5000 USD two days ago at 1495 and today it is at 1605. That is 110 x 5000 = 550k profit in few days.

Imagine those that can buy 100k USD for hoarding & speculation.

Floating naira was a terrible decision that will sink Nigeria if not reversed.

To compete well TB should be over 25% now BC it looks unwise to chain down money in naira for a year BC the value will be gone by the time you receive it due to super hyper inflation. USD is the Koko now

Go and buy USD to re- sale in 2 months time when it hits 2500 & build.

Salary earners especially those earning below 200k will become poorer without extra sources of income.

Nigeria is heading the Venezuela path.

The leadership lacks the capacity to manage this Crisis and hyperinflation.

Omihanifa:
Upon all the dollars the CBN is pumping into the market through the banks the naira keep sliding

Speculation and hoarding is the major problem. An average Nigerian is buying USD as an asset to hold. Just give it one week they will buy everything even the banks are hoarding too to profit from speculation.

My friend bought 5000 USD yesterday at 1525 and I was still telling him it's too high but he expressed confidence it will be 2000 before one month time. Hmmm today alone USD is 1575 he has gained 50 x 5000 = 250k after 24 hrs

As long as Nigerians have extreme confidence in USD and can buy it at any amount for speculation purpose it will keep rising. USD has become an asset people buy and keep to profit from.

Nothing appreciates faster than USD in Nigeria now so everyone is buying USD at any amount.

Any amount CBN put up for sale will be bought in 7 days for hoarding & artificial scarcity is created to make it rise again.

Floating naira is a terrible decision that must be reversed