Early in this administration, they celebrated the Naira as the best-performing currency in the world. Few weeks down the line, the Naira is above ₦1600. Very soon 0.1¢ go still get value.
Fuel price is now in competition with Fx rates.
Kalu Aja said hold your dollars. They laughed & absused him. Now Cardi B’s expecto patronum don finish. The Naira finally found equilibrium.
Boys don cash out finish, but we are still in class learning economics together. Yemi Cardoso’s praise & worship songs don stop.
There was a time Ponu Terrorists were posting their own rates under “Naira Rates.” They had hoped to influence the rate with propaganda. Buhari was undertaker, but Tinubu is the grave.
I thought they just raised $900 million from the domestic dollar bonds market? Can Nigeria really afford the 9.75% interest rate (5-year maturity) on the dollar-bond? Another African country did it, & they almost went bankrupt.
Subsequent offers were ignored by investors.
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This domestic dollar bonds is part of their larger program targeting your domiciliary accounts & diaspora Nigerians as well. You subscribe with a minimum of $10,000 with multiples of $1000 thereafter. Their final target na $2 billion.
But Series 1 target na $500 million.
They have raised $900 million already.
What happened to 1+1?
Why is the math not mathing?
Why is rate still above ₦1600?
I thought they posted a trade surplus?
How do you intend to pay back the loan?
Are you sure that our foreign reserve is safe?
With rapid fall of the ₦, where will ($2 billion + 9.75% interest + devaluation) come from?
How will you pay your tuition in the UK, the U.S & Canada? He built Lagos; time to build Nigeria, cement finish. Everyday na rice & propaganda.
Once the Naira appreciate by ₦5, we no go hear word. Once ₦2 comot from the dollar, Bayo, Woye, Jeff Phillips & (Opebee Ojuelegba Adam Smith) will start to praise Papa.
I never see this kind reforms before. The more Papa reform, the more things get worse. But that’s your palava; BAT & RAT go fly anywhere they like, rodents no dey stay one place.
The refusal of the Naira to rise is a strong spiritual matter. It is now out of Adeboye’s hand. Baba was issuing decree to the Naira, arresting the Arrester wey no fine him trouble.
IMF too no try, dey for obey the experte order sha. Binance man finally went to jail for nothing. Who will be their next scapegoat? Abeg no post your wallet. I’m still paying two of my mortgage. Me too dey adjust to their baby steps of pains.
Whether Jerome Powell & Federal Reserve like it or not, I decree that Bitcoin will rise to $100K.
#ArrestingTheArrester
– written by Nefertiti on Twitter…
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