larride:


That's why I said it's clear economic sabotage.

NNPC claimed to be the "sole" importer of PMS and they said theres enough fuel to go round which beg the question, why is there scarcity and why are different marketers selling the same price at different price.

obainojazz:
I’m certain the deadline will be extended but to be on a safe side…. Deposit al your cash to avoid them being redundant

Itsrm:


I dont think you are getting the point Larride is making

If you deposit old notes, you will only get old notes in return. Over the counter, banks are paying old notes.

The ATMs will only give you a maximum of 20k if you try to withdraw with your banks card on your banks machine. If you try your card on another banks machine you will only get 5k. E.g, Zenith bank ATM on zenith bank machine will give you 20k new notes. Zenith bank ATM on fidelity banks Machine will give you 5k.

I also know for a fact that banks have now dispersed 100 naira notes to their various branches because they still don't have enough new notes. The plan is to start paying 100 naira notes from the first of February. What will that solve? How many 100 naira notes can they possibly have? How many 100 naira notes will you have in 10 million naira?

Larride is actually right. There is serious chaos coming.

larride:


Lol. The person cut video just before Buhari spoke about APC chances and Tinubu.

izzou:


They want you to make a transfer of 10 million, instead of paying with 100 naira

1st of February isnt far

Itsrm:


I dont think you are getting the point Larride is making

If you deposit old notes, you will only get old notes in return. Over the counter, banks are paying old notes.

The ATMs will only give you a maximum of 20k if you try to withdraw with your banks card on your banks machine. If you try your card on another banks machine you will only get 5k. E.g, Zenith bank ATM on zenith bank machine will give you 20k new notes. Zenith bank ATM on fidelity banks Machine will give you 5k.

I also know for a fact that banks have now dispersed 100 naira notes to their various branches because they still don't have enough new notes. The plan is to start paying 100 naira notes from the first of February. What will that solve? How many 100 naira notes can they possibly have? How many 100 naira notes will you have in 10 million naira?

Larride is actually right. There is serious chaos coming.

izzou:


They want you to make a transfer of 10 million, instead of paying with 100 naira

1st of February isnt far

obainojazz:
I’m certain the deadline will be extended but to be on a safe side…. Deposit al your cash to avoid them being redundant

Ibime:
Buhari done respond. . .saying the purpose of redesign is to stop vote buying and voter intimidation and "that's what he wants to go down in history for"

Simply put, Naira redesign is aimed at Bullion van movements

Oh boy, Buhari really carry Tinubu for mind

https://www.nairaland.com/7541367/buhari-no-going-back-old



.

Ibime:
Buhari done respond. . .saying the purpose of redesign is to stop vote buying and voter intimidation and "that's what he wants to go down in history for"

Simply put, Naira redesign is aimed at Bullion van movements

Oh boy, Buhari really carry Tinubu for mind

https://www.nairaland.com/7541367/buhari-no-going-back-old



.

Ibime:


Petty traders go suffer am sha. Considering most Nigerians are employed in the informal economy, cash crunch go hit street oh

Itsrm:


That's what I've been telling people. CBN has instructed banks not to evacuate old notes to them from 31st of January. To be on the safe side, everyone should go and deposit their old notes.

larride:


I sent you a mail few days ago, did you get it?

Itsrm:


I was sha wondering.

Do you have any link to the full video?

Ibime:


Not at all

Itsrm:


That 10m naira is cumulative na and not just for one person.

However, I do agree with you that everyone will have to go cashless but it won't happen overnight.

There will be a storm before an eventual calm.

Ibime:


Petty traders go suffer am sha. Considering most Nigerians are employed in the informal economy, cash crunch go hit street oh

Ibime:
Buhari done respond. . .saying the purpose of redesign is to stop vote buying and voter intimidation and "that's what he wants to go down in history for"

Simply put, Naira redesign is aimed at Bullion van movements

Oh boy, Buhari really carry Tinubu for mind

https://www.nairaland.com/7541367/buhari-no-going-back-old



.

liveLongNprospa:


Certain fire.

Didn't the cbn recently shun the invitation from the senators abi reps.

Buhari has come out to say by hook or by crook that date will be maintained.

Baba everybody go dey alright 🤭

OasisX:
I love this game....... 🔥🔥🔥🔥🔥🔥🔥

At least no one will accuse BAT of vote buying after his resounding victory.

BlueRayDick:


If u’ve survived buying fuel for over 300 and there’s no chaos , I can assure u there’s no chaos coming with this naira design.

All u are seeing now is APC people concerned it’s after effects will affect their principal. U see fuel queue for close to 3 months , no protest , no OCCUPY ANYTHING …..You think the government will give a 4ck to few petty traders having cash that is no legal tender anymore ?

It’s like u don’t know this APC government .

GloriousGbola:


Nnpc is the sole importer of pms in this country. If you are bringing in pms by yourself without a contract with nnpc , at current dollar rates it will be in the same range as cost of diesel and atk.

I also know for a fact that nnpc in conjunction with dss is literally arresting attendants for selling fuel in jerrycans. They are enforcing sales at 169 last I checked and even pushing for lower pump tolerance within their direct networks

For the life of me I cannot make sense of what is going on. As an impure tribalized batist though I will say the abokis have thoroughly fked everything up with greed and incompetence.

An old friend into fuel haulage said that it all comes down to systemic diversion of product outside Nigeria. Outside Nigeria petrol is sold at international market rates. So if you divert trucks outside Nigeria you make big money.

Diversion is an industry term. Say your station in lagos has ordered and paid for a truck. You pay 4m. Truck leaves depot and instead of going to your station, it is taken maybe up north. The station operator gets a call. We have diverted your truck. Take 6m which is the market value of the fuel plus your own cut on top. The truck is then moved up north or wherever where the product is sold at a much higher rate. Everyone in the transaction makes money, while the queues grow longer as the available fuel cannot meet demand.

As for the n280 ex depot, that one I really do not get. Unless like in the case of dollars and central bank, nnpc is running a parallel pms market

BlueRayDick:


“Forgive and forget “ no be Fulani man motto. 🙅‍♂️

GloriousGbola:


I am not sure how bad that would be. In lagos anyway. The only people I pay in cash right now are okada riders. I have a lady I buy fruit from and na transfer. I have seen people use transfer to buy suya from abokis. There is an aboki along the street I pay the same way. The tanker that brings my water - I pay them like that also.

So I don't think that is really an issue.

BlueRayDick:


“Forgive and forget “ no be Fulani man motto. 🙅‍♂️

GloriousGbola:


I am not sure how bad that would be. In lagos anyway. The only people I pay in cash right now are okada riders. I have a lady I buy fruit from and na transfer. I have seen people use transfer to buy suya from abokis. There is an aboki along the street I pay the same way. The tanker that brings my water - I pay them like that also.

So I don't think that is really an issue.

Roland17:


Now you see why I get upset with those who try to excuse Buhari’s failures. You see why I question Buhari’s core leadership competencies in a Democratic setting?

kingBolton:

But what will be the motive behind not working for Tinubu that was instrumental in bring PMB to power?
I actually thought Atiku was the only one having internal party crisis and APC was In order

OasisX:


Nah.... I have justified nada. I have said it many times here that I am supporting Individual not a party for 2023 Election.

If PDP give their Ticket to Obi, would it have stopped Obidients from believing in him and rooting for him as a PDP Candidate?