Dearlord:


How sure are you that naira will not recover?

Those assumptions are the reality taking effect and that will determine the factors of it stability or instability.

U also don't quite get it. Let me make it simple (my explanation wnt make sense if u dnt read his article again)

He said that every1 is rushing to buy the dollar now and went ahead to assume that every1 will rush to change it back to the new naira note later.(which will be scarce). My question is why will som1 rush to change his dollar back to naira another question is why will I change d dollar back to paper naira..(which of cus would be scarce).......why can't d aboki pay into my acc so I can go cashless. (He assumed dat d quest for scarce paper naira will cause the usd to loosed value which infact nobody will go d paper direction)

U see....u can't cheat d system. The only way naira will bounce back is for nigeria to earn foreign currency (dollar) to buffer changes in rate. Or usd is redesigned (this will force ppl to bring out their hard currency)

Dearlord:


Multiple rounds of applause to you

This was the exact calculation I have been brainstorming all this while.
I try to balance my income proportionately incase of certainty

he didn't convince me enough.....there were so many assumptions in this article. The naira will not recover frm this free fall in this context.....Only except d dollar is redesigned

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.

You made so many assumptions brother. 1. U assumed that the guy with 12500 usd will want d new naira notes...wat stops the aboki frm transferring the same equivalent to his acc so he can spend in accordance with d cashless policy. 2. U also assumed that dollar would cease to be in demand for importatiins and other businesses in naija(). Simply put.....I would convert my naira to Dollar now...and change to the new naira later (this time i dnt need note. Aboki pls transfer d money to my acc). U see why ur hypothesis will not work.

BenChido:


Put it here

alryt

Ok

BenChido:
Put your comment here

For newbies......lemi teach a quick trick (to scalp 10-20% gains)

Study daily candles........day 1 (red candle).....day 2 red candle........day 3 red candle (buy on the day 3 red candle cos a reversal is iminent)
Some conditions though, when a coin was in a previous rally, preceeding large volumes and market is generally bullish.

Start from here. Then gradually learn the ropes......never panic


I may be wrong though. Markets can never be predicted.

#VITE may be the next NKN (Current price 0.57 is set for a strong reversal)..........please DYOR

HODL #GTO

#GTO has been programmed for x2. U can still join the party now.

Buy the dip #GTO. now!!!

[quote author=Alexis11 post=100592830]

Thanks bro. I've been riding it with you since you dropped the message. It's really going parabolic oh.

E be lyk say I go japa before going to bed sha.

[/for once stay and make real money]

Do not japa my brother....we ar going x2. U can take profits along d way.

Buy #GTO now if you want to be rich

Ensure u dnt miss #REEF

Should incase you missed #STORJ ......do not miss #REEF.
Currently 0.040.......

Hello every1. Can after hours and premarket be traded on trove??

Dear tommieen, what is being done to improve the currency conversion timing on your trove app?....this process is very slow and frustrating at the moment. What about direct dollar deposit too. Please make things flexible.

So so sorry for the situation. All hop is not lost. That physiotherapist didnt see the MRI image, neither does she know the answers to some questions and as such getting advice frm him/her may b depressing
Wat was the level of the spinal cord injury??
Was it complete, incomplete, or a compression??
The answers 2 these questions are crucial to wat the outcome would be like.

Good job ....but these officials could be making a grave mistake. Why is the testing not done outside the house (in their van or somwhere else) there is the posibility of bringing the virus into people s homes with the contaminated PPEs (the outward part)

Hi

FO will easily climb to N150.......when the time is ripe.....then a short period of take profit before climbing to N300...thereafter a bonus scrip will round the gains up maybe in 1st qtr 2020

And again wat do i even know sef
NOTE . Due dilligence my brothers and sisters......

The day FO will rally is fast approaching. Only few ppl are in the know that FO will distribute dangote refinery's refined products. The process is on going (initially wanted to raised funds by way of rights to boost their downstream business but found a better way by bselling their upstream and midstream business+power and ghana business axis ). Otedola is busy expanding distribution network seriously
Ppl have not noticed that dangote and otedola have been really close of recent.
The refinery is billed to start operations 1st qtr next yr or so.......guess it will be the nxt big tin to happen in nigeria
As for me and my household FO is the new jackpot ...its just a matter of time

Note. Your due diligence is advised .

Indeed, this underscores the statement that "BEING A DOCTOR IS NOT JUST A TITLE, IT IS A MENTALITY" thanks to all those the doctors that came to their rescue. Wishing the injured quick recovery

FCMB my guy...........I see you

[quote author=Lamanda60 post=67237891]

Do I need to delete anything? [/okay]

[quote author=Mcy56 post=67273500]Fidelity bank should please make up its mind because its holding FCMB back. :should there be any rally, i strongly belive it would start with FCMB

Good morning
Kindly compute pls...very urgent

https://www.amazon.com/dp/B01AAU3JP2/?coliid=IY2A4XOQMIWKG&colid=SNFMFZ888B87&ref_=lv_ov_lig_dp_it&th=1&psc=1

Good day,
Kindly compute the cost of the items

https://www.amazon.com/gp/product/B075KFQDTX/ref=ox_sc_act_title_1?smid=A2SNSHA3VXKYU6&psc=1

https://www.amazon.com/gp/product/B000BXYV56/ref=ox_sc_act_title_2?smid=A2SC81F2G7JTU2&psc=1

Thnks

Thnks for the update

Sosqui:
Thanks Pa3K001, alert seen.

Orders placed (check your whatsapp message).

Good
How do i make payment and get you my details..........ooh!!! I can see your watsapp number....will contact u at midday

Sosqui:

Cost of items plus estimated tax = $222.71 * 310 = N69,040.10. Shipping is 4lbs * $4=$16*365 = N5,840.

Thank you

Good morning
Please kindly compute the items below for shipping to benin city

https://www.amazon.com/gp/product/B01N0P7MXG/ref=ox_sc_act_title_2?smid=A1BNXE6U3W2NOH&psc=1

https://www.amazon.com/gp/product/B01IUBCCZG/ref=ox_sc_act_title_3?smid=A2BMBHD2OU3XDU&psc=1

https://www.amazon.com/gp/product/B074WCKW16/ref=ox_sc_act_title_4?smid=ATVPDKIKX0DER&psc=1

Kinda urget pls
Thank you

[quote author=TrumpDonald2 post=60771888][/would it fly for 3m ]