it will rebound with 30naira now and dip with 150naira the next week

una try!

May this government work in all our favor and may God lead tinubu to help 9ja out of this crises... Amen

Dollar should be 500 naira or less

Pounds maybe 700

Won't the bank state where n whom it sold tom

gaby:
There are still more looted nairas warehoused by the ruling rogues to swallow the dollars up. After that, what next?

Back to square one yet again of course.

FX mopped out of the banking system and economy to be warehoused while Naira boku yafunyafun to dey gallop on the streets.

Very soon, na wheelbarrow load of Naira people go dey carry go buy a loaf of bread.

Do you guys even realize that most of the crooks in this country have their personal printing mills for the easily manipulated Naira? This is aside from the "print and pocket" that had been going on like forever at the nation's security and printing press.

Someone needs to ask the CBN to tell us how much of the Naira is currently in circulation and who holds what. Let's start from here as the basics.

Listen Nigerians...

There needs to first of all things be a "Country", followed by a "Citizenry", and then a "Leadership", before an " Economy" follows suit, in this order.

Now, in all honesty, and telling yourself the hard truth, do we have a country? Is Nigeria as it currently stands or had been truly the definition of a country?

The vicious cycle is going to no end.

Make everybody plan him life accordingly oh.

Buhari got in there and realized this and possibly decided to look the other way to allow his kits and kins stockpile as much as they can from the commonwealth for security purposes.

Tinubu is in right now and it has dawned on him that the case is a hopeless one and perhaps the best he can do is also to allow his kiths and kins stockpile their own share for security's sake. His body language and " I don't care" attitude should be a pointer to this fact.

Hopefully, other regions will be given a chance to take their own share and stockpile for a head start when the inevitable happens.

Make una shine una eyes...

Nothing remain for Nigeria. Even the crude oil has been collateralized into the future against loans we can't repay.

heji:
Thank God

for what?

Operation save Naira fall: what to do? (1) Exchange all Dollars and foreign currency in your possession to Nigerian Naira. (2) stop making payments in any currency other than Naira (3) All foreign payments and transaction be carried out in Local Naira

It's still 1400 on binance, when e go reflect. I need get some ASAP.

dettolgel:
We need a lasting solution not a temporary one. Once they offload the dollars what next?

it will be mopped up and put in banks in west Africa..business opportunity

Paraman:
One kid was telling me dollar will shoot up to $/#2000 yesterday because abokis decide not to sell or buy yesterday in some part of abuja.

Wait

Paraman:


https://punchng.com/naira-rebounds-as-banks-offload-excess-dollars/?amp

Artificial

Paraman:
We will soon start witnessing the positive effects of this policies by the CBN

Sir I am ready to bet 500k with you, before the end of this month, Naira will be falling again.
If you are ready, let's do this. You can give the proceeds to charity if 500k is too small for you or we can take it up to 1 million naira. I await your response.

Paraman:
We will soon start witnessing the positive effects of this policies by the CBN

There's no positive side to experience until Nigeria clears its $8 billion debt. Dollar is now #1400. Give it next week; it will bounce back to #1500. Tinubu is totally clueless or doesn't care.

The question everyone has been asking is, "Why is Nigeria not producing and selling more crude oil to meet our OPEC quota and satisfy Dangote Refinery?"

Now, Dangote is going to the US to import crude oil, thereby worsening the USD crisis.

NextUK:
Won't the bank state where n whom it sold tom

In this Nigeria?

Lol

My brother, you won't understand the level of rot in the system.

Who owns and controls the banks from the backend?

The same looters and their so-called businessmen cronies.

The matter deep well well that's why even this current administration will seem to do better than the next one, sadly.

That has been the story of Nigeria.

BenuePolitician:
Operation save Naira fall: what to do? (1) Exchange all Dollars and foreign currency in your possession to Nigerian Naira. (2) stop making payments in any currency other than Naira (3) All foreign payments and transaction be carried out in Local Naira

Why would I risk exchanging all my dollar to naira?
No financial advisor would ask you to do such foolishness.
To me, the fastest solution is to drill as much oil as possible. Meet our OPEC quota and produce more for our local refineries. Then we would have a stable naira.

dettolgel:
We need a lasting solution not a temporary one. Once they offload the dollars what next?

The dollars from the bank will be finished by Monday 😂, all these are just temporary solutions, what's required is a lasting solution which Cardoso does not have.

SoNature:


There's no positive side to experience until Nigeria clears its $8 billion debt.

Which $8 billion debt? The backlog is not up to $8 billion and Nigeria has paid between $3.5 billion to $4.5 billion. The backlog is about $6.5 billion.

Rebounds indeed not yet uhuru next week it will shoot up again

tctrills:

Sir I am ready to bet 500k with you, before the end of this month, Naira will be falling again.
If you are ready, let's do this. You can give the proceeds to charity if 500k is too small for you or we can take it up to 1 million naira. I await your response.

Lol

I'm ready to place 200k, how will we place the bet?

Geovanni412:


It will..abi you no sabi dis script from last year

Take dem serious only if they bring it down to 800 naira

If it's not there by April, brace for 2k before end of year

calm down and go through my comment again

I think the FG should close and ban all dom accounts, after conversion to naira at the official rate. And then implement a return to the previous PTA and BTA systems.

aariwa:
Smh…can’t these people use common sense. This is a business opportunity for speculators to buy up all the dollars in circulation at a good price and become their own BDCs. The biggest profit will come when dollar scarcity hits…new billionaires will be created this year courtesy of emilokan daft policies..chai…if you know you know

This is scary, really.

dettolgel:
We need a lasting solution not a temporary one. Once they offload the dollars what next?

Very fragile 'solution'

DeOTR:
I think the FG should close and ban all dom accounts, after conversion to naira at the official rate. And then implement a return to the previous PTA and BTA systems.

Did you grow up in a gated community?

Remember the 3bn dollars loan?
Same effect
If dollar doesn't reach 2k at the end of the month ehn hehehehe

Jokers

aariwa:
Smh…can’t these people use common sense. This is a business opportunity for speculators to buy up all the dollars in circulation at a good price and become their own BDCs. The biggest profit will come when dollar scarcity hits…new billionaires will be created this year courtesy of emilokan daft policies..chai…if you know you know

Calm down.
Once IMTOs are fully regulated and licensed, they will now ban ownership of dorm accounts and convert all dollar deposits to Naira.

Once this is done with a raise of interest rates and issuance of Naira investments with attractive interest rates, dollar rates will tumble.

Cardoso already hinted about the Dorm account thing.

Stop advertising the dollar Nigerians, government and the media. Nigerians advertise the dollars more than Americans. Wetin be una problen gangan

dettolgel:
We need a lasting solution not a temporary one. Once they offload the dollars what next?

Let's ask speculators. They don't have need for dollars but they keep mopping it up for storing in the hope that naira will continue to fall.

Paraman:
Lol

I'm ready to place 200k, how will we place the bet?

Great. I love this. Where do you stay and let's set the parameters.
I am not in the country but if you are in Lagos my sister would represent me