₦airaland Forum

I never seen a break down like this on react before

Kudos to you champ!

Arsenal epl victory loud pass city treble

They aren't ready for what will hit them next season

what painful exit

Abeg if you no get strong mind stop watching football

and stay away from gambling

Just one shot for the whole 45min

Pesin wey arteta suppose don remove since he got yellow card

Back to square one

Mosquera 😣

We need sub o arteta

Exactly please good 14days no any attempt of rescue and they were busy doing on usèless celebration yesterday

For psg mind now arsenal go concede 5-0 in final

Psg will be shocked

Thought the arsenal game was the boring one

i'm still looking for asha... if anyone knows where i can get it

no loud am..

SocialJustice:
People who bought dollar above N1k to hoard are about to lose massively.

i just hope i'm not late

Thread topic should be updated ASAP..

🔥 #COYG 💪💯

👑 champions ✌

More wins guys ✌🇳🇬

They can only hate on arsenal buh they can't stop us 💪💯


#COYG

What an amazing skill or should I say business 📊

Am so excited to come across this thread... @iykepromotions 🙌 thanks so much for exposing this.. When is your next mentorship session?

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.

RESPECT 🙌📝

Robnectar:
I think a deep pullback is very likely this week


BTC might test 19k
Just forcasting like others
DYOR 0o0

No cap 🚶

tA said so

Am so excited to learn another 1-4 lessons from our pro traders here..


Wish everyone a profitable week 📉 💃

konfusedgee:
Forex trading is easy, you click and you see money.....

Seeing the money everytime you click is where the nightmare begins....

This last line though 😂😂😂😫

BrightFuture48:
https://discord./Zd8FVT9uSH

Thanks so much

BrightFuture48:
Keep pumping mates... Another 5k account WON from December contest of myfundedfx.
Alhamdulilah!!!

Please... How can I join this discord channel??

Another 365days journey...

lambano4:
Samsung Certified Warranty A40 Screen 55k available for Replacement in a jiffy ...while you wait
Send your Device to Our Office for Onsite Fix
iFixFast TECHNOLOGY
Talk/Chat iFF 09063858289
(C.V-Ikeja Lagos)

Do you have Samsung s9+ screen.. At what price??

Ahmback:
I want to practise with w3school, so i won't get myself confused. But thanks for the suggestion. Please let me ask, between the two which is more easy? Get what i mean?

For early stage, w3shcool is very good.. Buh surely you will need this site too.

HappyCoding

Check freeCodeCamp website for more...

Let's do this ✊

#COYG ❤

I thought its only me

realone12:
today's losses is simply unimaginable