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Nairaland Forum / Nairaland / General / Business / Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg (35999 Views)
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: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 ![]() |
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Amehdan(m): 4:41pm On Mar 21, 2020 |
Order for quality food stuffs Instead of spending hours in market facing stress and traffic you can simply order for the food items deliver to your door step anywhere in FCT- Abuja. Call or WhatsApp 08064621101 |
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by 4gunners(m): 4:41pm On Mar 21, 2020 |
iamJ: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: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 . 07015__4335__02 |
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by MansoryMX(m): 4:50pm On Mar 21, 2020 |
RenaissanceGuy: 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: 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 ![]() |
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by Nobody: 4:54pm On Mar 21, 2020 |
ZooOga: 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: 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: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 ![]() ![]() ![]() 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: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: 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: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: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: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:lol,crap. |
Re: Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg by thundafire: 5:25pm On Mar 21, 2020 |
iamJ:but will Nigeria leader stand up and do what's right for once |
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