phr0nesis:

Till it gets back to where APC met it, I won't be satisfied. Even ₦300 is still bad

Me too.

Very feasible

Happens every year...

[quote author= post=126760410][/quote]

👍🏽 chief of them all

Dem go give us dollars abi?

Keep deceiving yourself

Stupid corntree . Even if dollar drop to 1 Kobo things will still be expensive .

Amen.

But hope is not a strategy. So, okay, JP is all about projections which is saying something like I think the Dollar to Naira rate would fall to 850 to 1USD before the year gas out.

Let me be hopeful a little bit while I doff my realistic hat the same time, nobody go work my hope up again.

phr0nesis:

Till it gets back to where APC met it, I won't be satisfied. Even ₦300 is still bad

That's like asking for too much, even those within the party can't beat their chests on doing this.

Nigeria defy gravity, once it's up, it stays up.

EyeCumInPiss:

Until I see prices of goods and services start dropping, all these remain balablu bulaba projections.

Tipper of sand that sold for 37k last Friday, jumped to 40k on Monday. Same with prices of other goods and services.

In 2016 a tipper of sand in Ezzamgbo was between 6-8k depending on your bargaining power and how many trips you're buying.

Today it's 40k and people are still defending this administration.

Are they now on the list for people doing PR for Nigeria now ?

No be juju be dis?😅😅

It will not be well with T.

Continue to quote the past and live in it. People have move forward.

naijaboy756:
Dollar wey Osinbajo, Tinubu and Buhari accuse say e Dey 216.

Human beings are truly wicked

peekspot:


https://punchng.com/jp-morgan-projects-n850-by-december/

na lies and propaganda joor. You will see by December it will reach close to #2k per dollar. 1kg of a gas ⛽️ is now #1,100

tommy589:
Let banks pay naira for over the counter diasporan remittances. CBN should work sharing modalities with banks on the generated Forex

I like your idea but the truth is that even the President and his inner circle put more pressure on the naira than the any one else

JP Morgan do not have an idea that Tinubu is printing trillions of naira and using it to chase dollars that he can change his money to

That stunt that Emefiele pulled on his which almost rendered all his loot to tissue paper has taught him a lesson

Emefiele almost bankrupt Tinubu by the naira redesign so Tinubu is changing every naira he is printing now to dollars so that in
future - even if the MILITARY takes over - changing the naira will not affect his fortunes

What we are facing in the forex issue is more than JP Morgan Chase projections - it is a high scare establishment of CRIMINALITY

naijaboy756:
Dollar wey Osinbajo, Tinubu and Buhari accuse say e Dey 216.

Human beings are truly wicked

Are growing as human or not?

jojothaiv:
Amen.

But hope is not a strategy. So, okay, JP is all about projections which is saying something like I think the Dollar to Naira rate would fall to 850 to 1USD before the year gas out.

Let me be hopeful a little bit while I doff my realistic hat the same time, nobody go work my hope up again.


That's like asking for too much, even those within the party can't beat their chests on doing this.

Nigeria defy gravity, once it's up, it stays up.

They promised $1 = ₦1. I'm only asking for $1= ₦200

Diaspora remittances are highly underrated! I don't know why. The money from abroad is too huge to ignore. $20b annually no be small money.

Ejyksneh:
As long as Ebola Thimbulu remains in Aso rock with his yooroooba head slammers in the head of Nigeria affairs, nothing is going to change.

I can bet with my right balls that naira would be 1500 to a dollar by December 2023.

It's on record that nothing good can come out from South West and as such, I left my yoroóba girlfriend of 6 years whom I have f#ucked since God knows when.
She has been begging me to take her back, but I can't have anything to do with any black looking, tribal mark ridden and watery-peppery soup lover in my life....God forbid! Tueh

typical igbo

Absence of sense in everything

tommy589:
Let banks pay naira for over the counter diasporan remittances. CBN should work sharing modalities with banks on the generated Forex

Seconded! Say no to Aboki and Biinance P2P.

phr0nesis:

They promised $1 = ₦1. I'm only asking for $1= ₦200

It's pitiful.

phr0nesis:

They promised $1 = ₦1. I'm only asking for $1= ₦200

Because dem know say you be sheep...Otherwise why would you believe such? What does Nigeria produce? What magic would they perform? Our problem has never been bad politicians, our problem remains our gullibility!

Ejyksneh:
As long as Ebola Thimbulu remains in Aso rock with his yooroooba head slammers in the head of Nigeria affairs, nothing is going to change.

I can bet with my right balls that naira would be 1500 to a dollar by December 2023.

It's on record that nothing good can come out from South West and as such, I left my yoroóba girlfriend of 6 years whom I have f#ucked since God knows when.
She has been begging me to take her back, but I can't have anything to do with any black looking, tribal mark ridden and watery-peppery soup lover in my life....God forbid! Tueh

Ogbonnaya stop crying

wittywriter:


To crown the wickedness they recruited online minions to defend their glaring incompetence in governance.






Wittyness

Hian, you have cojoined 5posters and l am charging you $500 / per Every poster that you have cojoined, kindly remit $2500 to JP MORGAN ACCOUNT number 456799 , swift code 777 , and the money will be used as charity for different NGO's globally

Winning123:
Continue to quote the past and live in it. People have move forward.

your mama in the village is getting worried and cannot afford basic amenities you are here saying people are moving forward

So dollar from 216 to 1,300 is forward movement

May it be so with your life and destiny

Benwallt:


Are growing as human or not?

increased hardship is growth to you?

Hezzyluv:


U can say that again.

What is so annoying and very pathetic is that, APC zombies are totally attributing it to global economic meltdown looking for one excuse or the other just to buttress why the country is in total mess and pitiable state.


O ma se oo
O ma se oo

Those guys are worse then demons

abbey621:


Because dem know say you be sheep...Otherwise why would you believe such? What does Nigeria produce? What magic would they perform? Our problem has never been bad politicians, our problem remains our gullibility!

What gave you the impression that I ever believed

I dun tell una the format wey dem go play.

bringing a corrupt jp Morgan employer to make deceitful statements no hold weight.
Is like painting Nigerian airways on a plane wey dem go borrow.

For currency betters, I think it will get to 1000 to 1100 by December, then after end of January audit, e go rise beyond belief.


Country wey no get electricity, no too get mouth. Even though, we know say small yansh dey shake sometimes. On top that, Nigeria cun get very unserious and corrupt leadership. You don't need to know finances to predict the play.

socialmediaman:
Let's test this projection:

1. Price of oil will stay up because of the conflicts in the middle east and eastern europe, which should be an advantage to Nigeria. The problem, however, is that Nigeria has swapped a lot of crude oil for advance payment, so this may not really make much impact

2. After what Buhari did in the last election, a lot of corrupt money will be in USD under lock and key permanently because politicians don't want to go through those problems again, so there will continue to be demand for USD

3. Nigeria exports very little and imports a lot, so USD inflow from business exports is not significant enough to drive down the price of USD.

4. International remittances from abroad should ordinarily provide some liquidity, but the internal pressure from businessmen (importers), corrupt politicians, and JAPA people will continue to put demand pressure on the naira

5. USD has been rising against other currencies of the world not just the naira, if that trend continues, why will it crash against the naira?

6. Nigeria is a very corrupt country, policies rarely work, especially coming from a government with disputed legitimacy. Politicians are taking advantage of FX corrupt backdoor deals happening daily in the country, and I don't see this ending anytime soon

I think what happening is the usual rise of fall wedges while the currency is on its way up, as shown below

Verdict: We believe there is no solid evidence to back the claim that USD will crash against the naira

keep wailing prophet of doom, u have 8yrs to cry

EyeCumInPiss:

Until I see prices of goods and services start dropping, all these remain balablu bulaba projections.

Tipper of sand that sold for 37k last Friday, jumped to 40k on Monday. Same with prices of other goods and services.

This is the same thing i said, cement i bought last year for 2500 is now 6500, more than %100 increament. When the price was 4000 i thought i should wait till the price fall, now i am forced to buy cement at 6500. After paying this high price i am gonna put up the rents of my properties.