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CBN Takes New Measures To Save The Naira From Crash - Business (4) - Nairaland

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Nigerian Man Seen Using Juju As Desperate Measures To Boost Sales / How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. / When The Naira Was Stronger Than US Dollar (Throwback) (2) (3) (4)

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Re: CBN Takes New Measures To Save The Naira From Crash by Dpaulie(m): 6:48pm On Aug 14, 2023
Set of olodos

1 Like 1 Share

Re: CBN Takes New Measures To Save The Naira From Crash by tivta(m): 6:49pm On Aug 14, 2023
IconicR:
Mynd44 nlfpmod please rush it to front page let them see that work is going on underground.
Asiwaju is truly working, it's just Jonathan and Buhari's mess that brought us where we are.

Shegey dangroba

1 Like

Re: CBN Takes New Measures To Save The Naira From Crash by Kukutente23: 6:50pm On Aug 14, 2023
SalamRushdie:
They about to start defending be that ..
And one mumu above you said Asiwaju is working not knowing he's just doing u- turn and reverse

2 Likes

Re: CBN Takes New Measures To Save The Naira From Crash by Morbeta11(m): 6:51pm On Aug 14, 2023
The master strategist and economic guru is struggling in the mud...

3 Likes 1 Share

Re: CBN Takes New Measures To Save The Naira From Crash by boldtruthalways: 6:52pm On Aug 14, 2023
Government of "to" , "will". You'll never see "has" Nemesis will catch up with all of you.

1 Like

Re: CBN Takes New Measures To Save The Naira From Crash by imoowo(m): 6:53pm On Aug 14, 2023
Continue taking measures
Re: CBN Takes New Measures To Save The Naira From Crash by oyeleyemaureen(m): 6:53pm On Aug 14, 2023
What's breaking about this news abeg 😏
Re: CBN Takes New Measures To Save The Naira From Crash by twosquare(m): 6:53pm On Aug 14, 2023
I laugh when they say Nigeria is a complex country. It is not; you all know what ought to be done, but don't. When you pamper those who ought not to be pampered, you will have falling naira...

the first people to be dealt with severely are bankers...start giving them the erastus akingbola treatment.

1 Like

Re: CBN Takes New Measures To Save The Naira From Crash by xandy84: 6:54pm On Aug 14, 2023
Informed write-up but I don't think quantitative easing will work for Nigeria to be honest. Example of Zimbabwe and Venezuela comes to mind. When a country produce less like Nigeria, quantitative easing will bring the value of local currency next to nothing.
Reduction of interest rate sound like a good idea but still, the government need to aid exchange rate cos 💯 naira floating na die.
We need to increase local production for at least 5 years and then will can float the Naira 💯 but as it stands now, Naira to dollar will reach 5k before end of 2025.






.


imoh4king:


Is it nairalanders or Nigerian youths that are clouded with ignorance?

There are certain measures employed by Central Banks globally to ease depreciation of any particular currency. One of such is
QUANTITATIVE EASING.... This is when the depreciating cash is pumped into the economy which will ease supply of the quoted currency thereby strengthening it.

The second method is REDUCTION IN MONETARY INTEREST RATE.... This is the borrowing interest rate pegged by the Central Bank of the depreciating economy to attract foreign investors which also strengthens the base currency.

There are numerous other methods...

Read up.

1 Like

Re: CBN Takes New Measures To Save The Naira From Crash by eteforlor(m): 6:54pm On Aug 14, 2023
ganisucks:


https://twitter.com/NTANewsNow/status/1691119834715848704

So these people have been sleeping. They are not even aware of the fact that the naira is crashing...

Naira that has already crashed!!

So shameful!!!

1 Like

Re: CBN Takes New Measures To Save The Naira From Crash by Fairview1(f): 6:57pm On Aug 14, 2023
Which other new measure?
Re: CBN Takes New Measures To Save The Naira From Crash by TrumpDonald2: 6:58pm On Aug 14, 2023
ganisucks:


https://twitter.com/NTANewsNow/status/1691119834715848704

That’s the work of the old fool APC rigged into power as president. Barely two months into his administration and the country is on a nose dive.
Re: CBN Takes New Measures To Save The Naira From Crash by Harrynight(m): 7:02pm On Aug 14, 2023
IconicR:
Mynd44 nlfpmod please rush it to front page let them see that work is going on underground.
Asiwaju is truly working, it's just Jonathan and Buhari's mess that brought us where we are.

You better don't even dare to drag GEJ into this mess

Jonathan met dollars at 150 in 2010 and left office in 2015 at 190/$

Buhari/Tinubu killed and destroy Naira and Nigeria, hold them responsible


You should be worshiping GEJ who managed dollar to only ₦40 increase for 5 straight years

Buhari first 5yrs seen dollar exchange rate increased with about ₦300

2 Likes

Re: CBN Takes New Measures To Save The Naira From Crash by Obakoolex(m): 7:04pm On Aug 14, 2023
Edipet:
No measures go work..
Peter Obi gave us the secret. Produce what you consume.
Okrika imported
Some groceries imported
Furniture imported
Electronic imported,
Some soaps and cream imported,
Gas cylinder important.
Belgium phone, laptop, electronic. Nothing will save the naira, and our population is increasing, which also increase demand for all this things.
More people are going into importation business and them dey use dollar.
Encourage farmers, SMEs. Don't use your big car to pepper struggling people so that they can still focus.
Empower The youth to start producing what they are capable of, farming, science and Tech, Engineering, fashion, etc

Can all you mentioned be produced in less than 3 months
So don't judge yet
Re: CBN Takes New Measures To Save The Naira From Crash by lomprico(m): 7:04pm On Aug 14, 2023
Lol, clueless government
Re: CBN Takes New Measures To Save The Naira From Crash by valentineuwakwe(m): 7:07pm On Aug 14, 2023
They better do it fast ooo....
Re: CBN Takes New Measures To Save The Naira From Crash by Tenshades(m): 7:08pm On Aug 14, 2023
FloatingSeed:
I thought banning AbokiFx or making things parallel will fix things. At the end it wasn't those things.

Meanwhile support me please. Watch and Subscribe to my YouTube channel. Na YouTube $$ I dey hustle for too.

The Tragic Fate of Thomas Sankara Africa's Che Guevara: Uncovering the Dark Truths



https://www.youtube.com/watch?v=V5T_AO3hM4k

Subscribed and liked...Please respond to my mail.
Re: CBN Takes New Measures To Save The Naira From Crash by toye4life(m): 7:08pm On Aug 14, 2023
Righthussle:
Dear Demi god, your prayer never still work oo. Hahhahahaha

Receive sense IJN!
Re: CBN Takes New Measures To Save The Naira From Crash by clems88(m): 7:09pm On Aug 14, 2023
They want to test another method that will finally make the naira do triple sumasult grin

1 Like

Re: CBN Takes New Measures To Save The Naira From Crash by okoroemeka(m): 7:09pm On Aug 14, 2023
Akwamkpuruamu:
Measures like
they will start with forcing everyone to got foriegm currency from abroad to change at a specific bank rate,they will still come back to status quo,such dollar deregulation cannot work in a consuming country like nigeria
Re: CBN Takes New Measures To Save The Naira From Crash by Babaibe: 7:11pm On Aug 14, 2023
Edipet:
No measures go work..
Peter Obi gave us the secret. Produce what you consume.
Okrika imported
Some groceries imported
Furniture imported
Electronic imported,
Some soaps and cream imported,
Gas cylinder important.
Belgium phone, laptop, electronic. Nothing will save the naira, and our population is increasing, which also increase demand for all this things.
More people are going into importation business and them dey use dollar.
Encourage farmers, SMEs. Don't use your big car to pepper struggling people so that they can still focus.
Empower The youth to start producing what they are capable of, farming, science and Tech, Engineering, fashion, etc

Obi should renounce his accumulated wealth from importation.He is the father of importation in Nigeria, he isone of our problem just like Tinubu himself.They are the same, time to start scouting a replacement. We say no to Tinubu and Obi in 2027.
Re: CBN Takes New Measures To Save The Naira From Crash by Cantonese: 7:11pm On Aug 14, 2023
OJODEL10:
will this government gets things right?


Do not forget the words “I will carry on Buhari’s legacies”. Remember that the political appointees remain the same, after boasting of getting “technocrats”? Na inside Nigerians dey so.
Re: CBN Takes New Measures To Save The Naira From Crash by Abagworo(m): 7:15pm On Aug 14, 2023
So when will Tinubu applogize to Emefiele? He really thought practical and theory are the same.
Re: CBN Takes New Measures To Save The Naira From Crash by Cantonese: 7:15pm On Aug 14, 2023
xandy84:
Informed write-up but I don't think quantitative easing will work for Nigeria to be honest. Example of Zimbabwe and Venezuela comes to mind. When a country produce less like Nigeria, quantitative easing will bring the value of local currency next to nothing.
Reduction of interest rate sound like a good idea but still, the government need to aid exchange rate cos 💯 naira floating na die.
We need to increase local production for at least 5 years and then will can float the Naira 💯 but as it stands now, Naira to dollar will reach 5k before end of 2025.






.




Look the major problem is dishonesty. Leadership without integrity; leadership filled with corrupt people, will always fail. Corruption is the biggest threat to all Nigerians. Whatever policies are put in place, such policies are quickly subverted by the leaders, keeping the entire nation in misery.

They floated the naira. It is clear that it failed. Now they intend to embark on another round of trial and error, with a few meant to benefit from such move.

1 Like

Re: CBN Takes New Measures To Save The Naira From Crash by Ikemba007: 7:16pm On Aug 14, 2023
They should just stop this noise and show us results.
Re: CBN Takes New Measures To Save The Naira From Crash by nonhuman(m): 7:17pm On Aug 14, 2023
stewiepeter:
He is not a hater, it is a valid question. As a citizen you deserve to know what the measures are. It’s not about tribalism and personal hatred always.
you Yoruba are just wired like that,
Re: CBN Takes New Measures To Save The Naira From Crash by HeroicMeastro: 7:17pm On Aug 14, 2023
ganisucks:


https://twitter.com/NTANewsNow/status/1691119834715848704
Just suspend all forms of Bureau De Change in the country for at least one year.
All influx of forex coming into the country should be documented and channelled to the CBN and commercial banks. The economy will improve swiftly.

1 Like

Re: CBN Takes New Measures To Save The Naira From Crash by debeginin(m): 7:18pm On Aug 14, 2023
Putinofrussia:

The defending and co that made CBN get indebted to JP Morgan and co to the tune of $15 billion...fifteen billion dollars shocked.
Almost half of the Nigerian reserve.
Emefiele supported by Buhari has really decimated Nigeria gravely.

Nigeria is gravely short of forex making the supply of dollar small and shooting up the value of dollar to Naira.

I really pity Tinubu but I trustt he will pull Nigeria out of this doldrum.This one will require the real...no pain,no gain Marxim.
All of us are just impatient grin
And the blame game continues.
Re: CBN Takes New Measures To Save The Naira From Crash by WAPINATION: 7:18pm On Aug 14, 2023
I thought Ahiwayu was a seasoned accountant!!
Re: CBN Takes New Measures To Save The Naira From Crash by oyeb15: 7:25pm On Aug 14, 2023
Jetline:

I believe people like you voted this govt. into power. If so, please, enjoy the choice you made and stop disturbing people TUNDE! We are just in Genesis..by the time we get to Malachi many of their supporters might have perished of hunger.

I dey fear too. We are still struggling with dis genesis . I pray it won't reach exodus oo.
Re: CBN Takes New Measures To Save The Naira From Crash by Uprangers11: 7:28pm On Aug 14, 2023
ganisucks:


https://twitter.com/NTANewsNow/status/1691119834715848704

As in I no really get Una like dis,u mean the other measures failedlike you guys are doing kalo kalo with people's life??If u still dey ur luxury dey form Shevchenko that means u dey play well well....Our country dey messed up right now,we dey vex as normally people wey still get hustle wey no even reach at all come oh, imagine d day wey all those once wey u nor give education and job go tireReligion,tribalism and wickedness that's all u thought them....The hunger that is coming now ehn,we make people really sit up

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