Validated:
The next recession will be the worst ever in Nigeria history. Predictably, by Q2 of 2021, Nigeria will slide into her 4th recession, all under Buhari's government. This is a fact looming on our faces, if you blink, you are economically deseased.
By the mid-Q2, $1 is projected to hit N750, CBN cannot hold it as our import dependence cannot be supported by oil and gas earning. Then FG and CBN will have no option than to redenominate the Naira, such that the new Naira would be equivalence of US$50. However, your Naira in your bank would be devalued by 500%. Say you had N500,000, you will get N1000 new Naira That is not the problem. The problem is that the new Naira would become eroded in a year or 2, because the productive capacity of the economy is weak and our consumption will remain higher than production. Hence as an import dependent economy the new Naira will become worthless agsin. Unfortunately, our minister of Finance only knows how to borrow. Our debt servicing (not repayment) woukd swallow up non oil earning. Alteady states are already finding it difficult to pay salaries. Printing of currency would exercebate the already inflationary trend, leading to hyper-inflation. Government may clamp down on BDCs in her dedperation, not minding the operators are Hausa/Fulanis.
The signs are everywhere now. Already some banks have pegged $ deposit to only $5k a month, this is to reduce amount of Fx people are buying and refuce the exhange pressure on few dollars coming in.
For you and I, the only option for self preservation is to save our money in Dollars or Pound Sterling.
A word they say is enough for the wise.

Globad:


Are we not in Q2 already?

helinues:
Pastor of doom

Validated:

An ostritch is as bird is known for self deceit. In 2015, you were runnig up and down hailing your gods. Today, I hope you are better off. I suppose.
Hoe you are enjoying thr chsnge you fiught for.
Well the message is not for zombies ... it is for tge wise to act on.

Predictably, by Q2 of 2021, Nigeria will slide into her 4th recession

Globad:


Are we not in Q2 already?

helinues:


You see why copy and paste no good for you...

You copied something you have no clue or idea about

Cover your face with all least something

Validated:




Q2 ends on June 30 sir. Your back to back regression in growth is measured by consecutive quarters. Thereon you are confirmed to be in recession. But if I may ask are you not already in recession #4? How much are you paying for your foid now compared to Sept 2020?

helinues:

This your copy and paste is irritating. We are almost at the end of April yet there is no sign on any recession. Just 2 months left to Q2 and you are still insisting on the copy and paste message you copied without understanding.

What is foid btw?

Validated:


Education is your problem ... sure your BA Yourba cannot comprehend this... omasè ooo
Sound minds do not have time for paid per post zombies. Deal with the issue or share where this was copied from or keep shut.

nedu666:
Even the govt can target the money you saved in dollars by telling banks not to pay you in dollars but in local currency. It happened in Argentina, Zimbabwe and recently happening in Lebanon. Unless your dollars is abroad, its not safe

Validated:

But at the point of collection it would ve based on the ruling rate. Imagine you kept N20m in your bank last year, now, it is about 67% of your original value. However, if you saved it in USD, you would exhange at todsy's rste. Not even sure govt can push her luck that far!

Validated:


Education is your problem ... sure your BA Yourba cannot comprehend this... omasè ooo
Sound minds do not have time for paid per post zombies. Deal with the issue or share where this was copied from or keep shut.

SLAP44:


Don't waste your time lecturing illiterate zombies. Helinues is irredeemably gone to the dogs.

nedu666:
Even the govt can target the money you saved in dollars by telling banks not to pay you in dollars but in local currency. It happened in Argentina, Zimbabwe and recently happening in Lebanon. Unless your dollars is abroad, its not safe

Validated:
The next recession will be the worst ever in Nigeria history. Predictably, by Q2 of 2021, Nigeria will slide into her 4th recession, all under Buhari's government. This is a fact looming on our faces, if you blink, you are economically deseased.
By the mid-Q2, $1 is projected to hit N750, CBN cannot hold it as our import dependence cannot be supported by oil and gas earning. Then FG and CBN will have no option than to redenominate the Naira, such that the new Naira would be equivalence of US$50. However, your Naira in your bank would be devalued by 500%. Say you had N500,000, you will get N1000 new Naira That is not the problem. The problem is that the new Naira would become eroded in a year or 2, because the productive capacity of the economy is weak and our consumption will remain higher than production. Hence as an import dependent economy the new Naira will become worthless again. Unfortunately, our minister of Finance only knows how to borrow. Our debt servicing (not repayment) would swallow up non oil earning. Already states are already finding it difficult to pay salaries. Printing of currency would exercebate the already inflationary trend, leading to hyper-inflation. Government may clamp down on BDCs in her desperation, not minding the operators are Hausa/Fulanis.
The signs are everywhere now. Already some banks have pegged $ deposit to only $5k a month, this is to reduce amount of Fx people are buying and reduce the exhange pressure on few dollars coming in.
For you and I, the only option for self preservation is to save our money in Dollars or Pound Sterling.
A word they say is enough for the wise!

helinues:


This your copy and paste is irritating. We are almost at the end of April yet there is no sign on any recession. Just 2 months left to Q2 and you are still insisting on the copy and paste message you copied without understanding.

What is foid btw?

Validated:

Have you heard? $ is now N525. My copy and paste as you described is now slapping your face abi.