“Convert Your Dollar to Naira Now”: Reno Omokri Speaks On When Naira Will Rise More Against Dollar

• Former presidential aide, Reno Omokri has revealed when the naira will rise more against the dollar
• Omokri said Nigeria’s currency, the naira will rise more against the dollar once the country stops importing fuel
• He warned Nigerians hoarding dollars to convert the currency to Naira now or prepare to count their losses by May 2024

TheTalk.NG journalist Adekunle Dada has over 5 years of experience covering metro and government policy

FCT, Abuja – Former presidential aide, Reno Omokri said Nigeria’s currency the naira will rise more once the country stops importing fuel.

He said those who wanted the naira to drop from N2000 to a dollar have lost their money.

Omokri warned those hoarding dollar to convert to naira
Photo credit: @renoomokri/PIUS UTOMI EKPEI / AFPSource: UGC

Omokri also said people waiting until Dangote Refinery starts selling every petroleum product needed in Nigeria will lose more money.

He stated this via his X handle (formerly known as Twitter) @renoomokri, on Wednesday, April 3.

Why naira will rise against dollar

He warned Nigerians hoarding their dollar to convert to naira now before they lose it by May 2024.

According to Omokri, those hoarding dollars will lose because Dangote Refinery will flood the market with affordable petroleum products.

He wrote:

“If you bet against the Naira because of Arise TV’s evil ₦2000 to $1 prophecy, just face it that you have lost the money you intended to make by economically exploiting Nigeria. But if you wait until Dangote Refinery starts selling every petroleum product needed in Nigeria, including Premium Motor Spirit, Diesel and Aviation Jet A1 fuel, you will lose even more. Once Nigeria stops importing fuel, the Naira will rise even more dramatically. Count your losses. Convert your Dollar to Naira now or prepare to holler by May 2024, when Dangote Refinery will flood the market with inexpensive petroleum products.”

Dollar sells cheaper in parallel market

TheTalk.NG earlier reported that the naira appreciated in the parallel market on Friday, March 29, 2024, to trade at N1,280 per dollar.

The development means the Nigerian currency appreciated by 5.19% from the N1,350 per dollar traded on March 27, 2024.

Bureau de Change (BDC) operators quoted the buying rate of the dollar as N1,260 per dollar and the selling rate as N1,280, making a profit of N20.

Source: TheTalk.NG

Kano APC Chieftain Reacts as Tinubu Signs Northwest Development Commission Bill into Law

Adamu Mukhtar Gini, a Kano state APC chieftain, has praised President Tinubu and Deputy Senate President Jibrin Barau over the Northwest Development Commission Tinubu recently signed the bill creating the commission into law Gini pledged his support for the initiative, expressing optimism for a brighter future for the Northwest region and Nigeria Kano, Nigeria – ... Read more Continue reading here ▶

Tinubu’s Govt Secures Conviction of 125 Boko Haram Terrorists, Financiers

President Bola Ahmed Tinubu-led federal government has secured the conviction of 125 Boko Haram terrorists and financiers The insurgents were convicted in the resumed mass trial held over two days in Kainji, Niger state Kamardeen Ogundele, the spokesman to the Attorney General of the Federation (AGF), Lateef Fagbemi, confirmed this in a statement TheTalk.NG journalist ... Read more Continue reading here ▶

50-Year-Old Herbalist Kills Friend to Make Ritual Soap For ‘Yahoo Boys’

50-year-old herbalist, Kehinde Ganiyu, has been arrested for killing his sick Ghanaian friend, Emmanuel Collins for ritual purposes The state police public relations officer, Yemisi Opalola, said the tragic incident occurred at Oba-Oke in the Olorunda local government area of Osun state The herbalist said he attended his friend’s burial but suspicion and investigation by ... Read more Continue reading here ▶

JUST IN: IGP Gives Intending Protesters Condition to Allow Nationwide Protest Against Hardship

Kayode Egbetokun, the IGP, joined other public officials to warn against the proposed nationwide protests TheTalk.NG reports that Egbetokun, on Friday, July 26, requested the details of the intending demonstrators Some Nigerians are gearing up for a nationwide protest in August over the economic hardship allegedly caused by President Bola Ahmed Tinubu’s policies TheTalk.NG journalist ... Read more Continue reading here ▶

Lagos Protesters to Receive Free Legal Service as Lawyer Writes IGP, Details Emerge

TheTalk.NG journalist Ridwan Adeola Yusuf has over 9 years of experience covering metro. Ikeja, Lagos state – A prominent human rights lawyer, Inibehe Effiong, has expressed his readiness to assemble a legal team in Lagos state to offer representation to ‘End Bad Governance’ protesters. In a tweet on his verified X handle, Effiong allayed the ... Read more Continue reading here ▶