Quote from: Bako97 on June 04, 2023, 10:16:22 PM

How do you think these two events could impact the strength of NGN against the USD? Will you buy and save USDTinstead of saving in NGN?

it was a tough decision removing the subsidy because the subsidization has cushioned Nigerians years from now, but it also a huge step towards improving the economic because the government pours several dollars for subsidy, so with the removal; the government promise an increase of 6% GDP (gross domestic product).
The Dongote refinery will make a great impact to the economy as it will be producing 650,000 barrel pay day, with this, they will be decrease in importation, and increase in currency savings.
But regardless, i'll prefer saving in USDT because of trading.
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You prefer saving in USDT for trading but what if the naira plummets to 650/$?
How do you manage that risk?