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Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg - Business (2) - Nairaland

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CBN Did Not Devalue The Naira! / CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg / Naira Likely To Weaken Further - Zainab Ahmed (Finance Minister) (2) (3) (4)

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Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by 4gunners(m): 4:40pm On Mar 21, 2020
iamJ:
Yes Bloomberg

Try to cause changes in developing nations that favors you


Na so they try to do with China

China ignored them back to back cheesy


Today look at china

They may be Currency manipulators but they are the 2 biggest economy in the world


Economic analyst are no different from those lotto players all na guess work
Don't mind those agent of doom. They're quick to write negative narratives about Nigeria.

1 Like

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Banx9: 4:41pm On Mar 21, 2020
Small small dem don dey enta express,Na wen 1 dollar equall 5k na him cbn go wake up, make dem dey there dey jonze grin
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Amehdan(m): 4:41pm On Mar 21, 2020
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Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by 4gunners(m): 4:41pm On Mar 21, 2020
iamJ:
china has population and they used it to their advantage, provided cheap labor for the world, when you come to make your product with their cheap labor, they will copy ur products and make cheap versions that's china cheesy

So I no understand wetin concern Nigeria with china progress, that method can only be done once

All those plenty jobs took many Chinese out of poverty and made many rich

Also na communist state so if you do company government will assist you to blow, America do it to they call it bailout cheesy

Nigeria no follow for anything na church we know
I like your submission.
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Nobody: 4:42pm On Mar 21, 2020
So that $1 = 380 Naira from $1 = 360 is called? Hidden values? Abi?
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by aribs(m): 4:42pm On Mar 21, 2020
festacman:
It is certainly not looking good but we did neglect diversification of our economy inspite warnings over years. We had wrong priorities.We played BAD politics, fought avoidable civil war and destroyed spirit of true federalism.We spent HEAVILY fightIng APARHEID in South Africa than developing our economy. Badly conceived programmes like OFN, Green Revolution, DFFRI, NDE, etc. were created, billions budgeted but got siphoned away. Leaders' appetite for stealing public money ballooned.

Government after government paid lip service to diversification inspite of hiring ELITE economists to manage our economy: Onalapo Soleye, P. Chu Okongwu, Kalu Idika Kalu, Anthony Ani, Abubakar A. Abubakar, Ngozi Okonjo-Iweala, etc. We crafted periodic National Development Plans but neglected it. At a point, we abandoned the concept altogether and operated on knee-jerk basis. All geopolitical zones neglected good old AGRICULTURE and ran after OIL revenue allocations.

The populace preferred political leaders who would talk smoothly, make money 'flow' and allowed us import everything. We loathe the leaders that would make HARD DECISIONS. We became too comfortable and laidback to interrogate our leaders. We goofed. We could have done better but we didn't. We brought this BURDEN upon ourselves.

Difficult days are ahead but Nigeria will emerge STRONGER because what is written has been written.
Perfect submission. Key word to me being loathing leaders who can make the TOUGH but necessary decisions that would have seen us better off on the long run.
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by cenaman(m): 4:43pm On Mar 21, 2020
Prophet of doom.

1 Like

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by miqos02(m): 4:44pm On Mar 21, 2020
Why are these foreign media bent on destroying our country with bad reports

1 Like

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by bluefilm: 4:45pm On Mar 21, 2020
These Agents of Doom don come again o!

1 Like

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Nobody: 4:47pm On Mar 21, 2020
Still using the old template I see.

That's what happens to countries that rely solely on crude oil as their income generator.

How I wish the oil will dry up in the ground.

Nigeria will become, "to your tents O Israel"
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by ZooOga: 4:48pm On Mar 21, 2020
LOOL, dem boss just failed big time.

Bloomberg spent over $900M on presidential campaign



https://thehill.com/homenews/campaign/488767-bloomberg-spent-over-900-million-on-presidential-campaign

Former New York City Mayor Michael Bloomberg dropped more than $900 million on his presidential campaign, an eye-popping figure for a White House bid that lasted a little more than three months.

New filings with the Federal Election Commission (FEC) showed that Bloomberg, a billionaire who personally bankrolled his bid, spent $875,369,840.07 through the end of February. The campaign accrued debts of an additional $31,661,136.33.

Bloomberg’s campaign, which was launched in November to try to settle nerves of moderates who feared a surging progressive Sen. Bernie Sanders (I-Vt.), relied on an intense advertising blitz to close the gap on candidates who had been campaigning for months.

The filings show that the Bloomberg campaign spent more than $500 million on television advertising alone, as well as more than $100 million on digital ads. It also dropped more than $15 million on polling.

The unprecedented spending fueled a Bloomberg surge in the polls after his entry to the primary field and helped cast him as a serious contender and potential rival to former Vice President Joe Biden, another centrist.

Bloomberg, in an apparent recognition of his late entry into the race, skipped the first four nominating contests in Iowa, New Hampshire, Nevada and South Carolina and appeared set to head into Super Tuesday with the wind at his back.

However, a devastating debate performance in which he was savaged over his past support of stop and frisk and comments about women, and a 30-point rout by Biden in South Carolina derailed his once-promising bid.

He won a disappointing total of a few dozen delegates on Super Tuesday out of the 1,357 up for grabs, and took zero states, only winning American Samoa’s caucuses. He dropped out the next day.

However, Bloomberg endorsed Biden after his withdrawal and has vowed to support the Democratic Party as it tries to flip the White House and several Senate seats. The former mayor announced Friday that he will transfer $18 million to the Democratic National Committee (DNC) and plans to consolidate his massive campaign organization behind the national party.

The windfall for the DNC is $6 million more than it raised in all of February, and almost twice the national party’s January haul.

https://www.bloomberg.com/news/articles/2020-03-20/bloomberg-gave-almost-1-billion-to-his-presidential-campaign

1 Like

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by seunayantokun(m): 4:48pm On Mar 21, 2020
The government has already devalued the naira now.

1 Like

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Whogoes: 4:49pm On Mar 21, 2020
Proffessional website or blog for just 15k only
.
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Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by MansoryMX(m): 4:50pm On Mar 21, 2020
RenaissanceGuy:
Why are these foreign news organizations always interested about Nigeria devaluing its currency and running articles upon articles on it? It's like they're obsessed with it or something.

Because Nigeria produce important people in this world who make history in other world power countries but still we are a shit hole

1 Like

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by SoNature(m): 4:53pm On Mar 21, 2020
INSTANTCASH345:
Take it easy Blomberg, they have already devalued it and the rate stands now @#405=$1 at the black market.


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Until it becomes official, we have not

I exchanged my USD last week and First Bank gave #367.

But it's still better than the usual #360 grin
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Nobody: 4:54pm On Mar 21, 2020
ZooOga:
LOOL, dem boss just failed big time.

Bloomberg spent over $900M on presidential campaign



https://thehill.com/homenews/campaign/488767-bloomberg-spent-over-900-million-on-presidential-campaign

Former New York City Mayor Michael Bloomberg dropped more than $900 million on his presidential campaign, an eye-popping figure for a White House bid that lasted a little more than three months.

New filings with the Federal Election Commission (FEC) showed that Bloomberg, a billionaire who personally bankrolled his bid, spent $875,369,840.07 through the end of February. The campaign accrued debts of an additional $31,661,136.33.

Bloomberg’s campaign, which was launched in November to try to settle nerves of moderates who feared a surging progressive Sen. Bernie Sanders (I-Vt.), relied on an intense advertising blitz to close the gap on candidates who had been campaigning for months.

The filings show that the Bloomberg campaign spent more than $500 million on television advertising alone, as well as more than $100 million on digital ads. It also dropped more than $15 million on polling.

The unprecedented spending fueled a Bloomberg surge in the polls after his entry to the primary field and helped cast him as a serious contender and potential rival to former Vice President Joe Biden, another centrist.

Bloomberg, in an apparent recognition of his late entry into the race, skipped the first four nominating contests in Iowa, New Hampshire, Nevada and South Carolina and appeared set to head into Super Tuesday with the wind at his back.

However, a devastating debate performance in which he was savaged over his past support of stop and frisk and comments about women, and a 30-point rout by Biden in South Carolina derailed his once-promising bid.

He won a disappointing total of a few dozen delegates on Super Tuesday out of the 1,357 up for grabs, and took zero states, only winning American Samoa’s caucuses. He dropped out the next day.

However, Bloomberg endorsed Biden after his withdrawal and has vowed to support the Democratic Party as it tries to flip the White House and several Senate seats. The former mayor announced Friday that he will transfer $18 million to the Democratic National Committee (DNC) and plans to consolidate his massive campaign organization behind the national party.

The windfall for the DNC is $6 million more than it raised in all of February, and almost twice the national party’s January haul.

https://www.bloomberg.com/news/articles/2020-03-20/bloomberg-gave-almost-1-billion-to-his-presidential-campaign

This could make for a thread worthy of front page instead of a long comment buried in another thread.
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by PHijo(m): 4:55pm On Mar 21, 2020
VolvoS60:


^^^^
We've been told the refineries can't be fixed because there's no money. But somehow there's always enough money, year after year - to sustain a multi-million dollar fuel importation racket.

We've been told that the federal government cannot successfully manage state owned oil enterprises because "government has no business in business". Fair point. But again somehow, the Norwegians, the Saudis, the Russians etc. have been able to successfully run their own state owned oil enterprises and turn a healthy profit, year after year. Do the Norwegians have two heads each? I am asking for a friend.

Truth dressed in rags and nobody recognized her.

All the countries you mentioned, their people share a lot in common. In Nigeria people know the country is fake. Patronage is what has helped the country remain one till date. The patronage has to stop or patronage will kill Nigeria! You can't keep on living fat at the expense of others.

Russians speak Russian, Saudi Arabians speak Arabic, Chinese speak Chinese, Norwegians speak Norwegian
and Nigerians speak...?

Do you get the drift?

Nigeria has two options, return it to the ethnic nations who own it or commercialise the entity. It will NEVER function as a government owned company under a ministry.

2 Likes

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by mvem(m): 4:56pm On Mar 21, 2020
ZombiePUNISHER:
Buhari incompetence brought corona virus....

It will consume him and all those who queued Up under hot sun to vote this calamity..

Useless things
so which one do you advise the government to do....devalue the naira as the article is saying or don't devalue it ?
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Pavillon: 4:58pm On Mar 21, 2020
i was just discussing with a friend today about this pandemic and our negligence to what is currently happening in nigeria. Lets not be surprised to see that nigeria would have been sold by the time this whole euphoria of pandemic is over cheesy cheesy cheesy

my suggestion: Pls lets share ourselves, let some ppl keep tab on our politicians and whats happening while some of us will concentrate on the pandemic, we will share info daily
..Ejo oo...Wo ni ta nigeria mo wa lori oo.

This pandemic shpuld not distract us from happenings in our country, lets keep tab on whats happening
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Mftivi: 4:58pm On Mar 21, 2020
iamJ:
Yes Bloomberg

Try to cause changes in developing nations that favors you


Na so they try to do with China

China ignored them back to back cheesy


Today look at china

They may be Currency manipulators but they are the 2 biggest economy in the world


Economic analyst are no different from those lotto players all na guess work
Those analysts are basically paid to be wrong, I can tell you with breathtaking accuracy what will happen to any economy months in advance with just technical analysis of their equity market but those morons I don't really know what they are useful for.

2 Likes

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by anonymous96: 4:58pm On Mar 21, 2020
The definition of insanity is doing the same thing over and over again and expecting a different result.- Albert Einstein

1 Like

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Naiira(m): 5:00pm On Mar 21, 2020
Converting my Naira to $
Before it's too late man
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Nobody: 5:00pm On Mar 21, 2020
Bloomberg, one of the USA's founding fathers mouthpiece of manipulation and brainwashing....

Satan hates independent mind established by God in expressing His likness. Satan, god of USA, hates independent economic system of the nations known as "indegenous or local economics." Reason, russia, japan, syria, iran, kuwait, iraq, afganistan, liberia, rwanda, now lybia were ambushed with all manners of devices. US hates independent nations-Nimrod mode of rulership and control. Babylon's founder.


China, North Korea, Nigeria are some countries as their next hit. Forget about the embargoes placed on us, it's an act of brainwashing.

Look! Currency and forex manipulation in favour of dollar to gain superior authority and voice over all currencies, i.e all currencies listens to the voice of dollar and worship it. Nebuchadnazer mode of worship- Babylon caliphate.

Codes, numbers, signs, symbols used to inflate or deflate.~ dollar, eye of darkness.

1 Like

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by gabicon: 5:04pm On Mar 21, 2020
They are not saying anything we didn't already know, if the crude oil market sneezes Nigeria catches cold. All governments from 1999 have been paying lips service to diversification of our economy. I see no reason why Nigeria can't be the major exporter of beans, groundnut, cocoa, palm oil, and cassava to the world, an investment of $2 billion in mechanisation, $1 billion in irrigation and drip tech, and $2 billion in crop modification and fertilizer. After an initial $5 billion investment the private sector investment will cause a multiplier effect. Forex will just be coming on a persecond billing.

2 Likes

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by InvertedHammer: 5:06pm On Mar 21, 2020
/
By mere looking at the chart of the dollar index (DXY) and how it wrecked the currencies of developed nations (Euro, GBP, CAD, AUD, NZD, etc) in the last few weeks, it is evident that the Nigerian Central Bank is only kicking the can down the road. It has no financial gunpowder enough to fight for naira. N500/$ is fair game.

\

5 Likes

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Nobody: 5:08pm On Mar 21, 2020
meavox:


Can Nigerians compare themselves with Chinese?

Chinese love themselves. Do Nigerians?

Chinese deal harshly with corruption. Do Nigerians?

Chinese used Science & Technology to develop fast fast. Can Nigerians who depend on juju, on miracle, on say it and claim it, on visions, on "man of god"?

My brother Nigerians are NOTHING at all like Chinese. It's to me a great pity.

If to say APC depended on miracle, say it and claim it, on visions, on man of God, there would have been hope.
We are being ruled by jihadists, and according to you, Christianity is responsible for all our problems.
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by 11doubledee: 5:12pm On Mar 21, 2020
Anneka101:
Please economist should step in ooo



Modified: Since we are an import country and not manufacturing, please how will the devaluation of the naira help balance the Nigerian economy. Now we spend more to get the same value?
Our budget is largely dependent on oil revenues which has seen a significant and sudden drop, out of which CBN sets aside some of those revenues to make dollars available at a much more cheaper rate to certain sectors of the economy at a cost.
In balancing the economy,the CBN may not have the luxury of providing dollars at a cheaper rate thereby making market forces take charge,which is most likely a downward path for the naira.

3 Likes

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Jaqenhghar: 5:15pm On Mar 21, 2020
iamJ:
Yes Bloomberg

Try to cause changes in developing nations that favors you


Na so they try to do with China

China ignored them back to back cheesy


Today look at china

They may be Currency manipulators but they are the 2 biggest economy in the world


Economic analyst are no different from those lotto players all na guess work
You are comparing yourself with China

[img]https://media1./images/7d5b9d7341d10667f2867a892370eb28/tenor.gif?itemid=[/img]

2 Likes

Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by RapistOnBail: 5:22pm On Mar 21, 2020
ZombiePUNISHER:
Buhari incompetence brought corona virus....

It will consume him and all those who queued Up under hot sun to vote this calamity..

Useless things
Shut the fuvk up. He acted on mercy for you Ungrateful Nigerians.
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Mftivi: 5:23pm On Mar 21, 2020
SenecaTheYonger:


It take more than labor
They have higher IQ
lol,crap.
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by thundafire: 5:25pm On Mar 21, 2020
iamJ:
Yes Bloomberg

Try to cause changes in developing nations that favors you


Na so they try to do with China

China ignored them back to back cheesy


Today look at china

They may be Currency manipulators but they are the 2 biggest economy in the world


Economic analyst are no different from those lotto players all na guess work
but will Nigeria leader stand up and do what's right for once

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