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Nairaland Forum / Nairaland / General / Politics / Naira Retreats To 1,400/$ On Renewed Demand Pressure (3073 Views)
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Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Ikembeku: 4:28pm On Apr 25 |
Paraman: Them dey double the dose of cocaine una dey sniff now?. |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by DMerciful(m): 4:30pm On Apr 25 |
The refinery will be more efficient. If govt runs it, because the spares are imported with dollars, the refinery will be very inefficient due to corruption Donaldoni: |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by DMerciful(m): 4:31pm On Apr 25 |
You think producing few million liters per day will compensate for the reduced agricultural outputs due to insecurity? Paraman: |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Donaldoni: 4:34pm On Apr 25 |
DMerciful: Whether, privately or publicly run, nobody wants to run at a loss. ![]() |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by DMerciful(m): 4:35pm On Apr 25 |
How do you mean run at a loss? Donaldoni: |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Donaldoni: 4:39pm On Apr 25 |
DMerciful: The rates when Tinubu took over were not anywhere near realistic - from the dollar to the PMS etc etc |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Paraman: 4:45pm On Apr 25 |
DMerciful:NNPCL will stop the importation of refined crude this year We spent about $47 billion dollars on importation last year, once NNPCL stop importing this year, we will be saving at least $15 billion. Imagine the kind of releave this will be on the naira. When the naira start gaining more value cost of goods and services will fall. 1 Like 1 Share
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Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by DMerciful(m): 4:46pm On Apr 25 |
Thats not running at a loss but wthere there is subsidy or no subsidy Loss is, if you put $1 million dollar worth of crude plus $10,000 operational cost and you get less then $1,010,000 as revenue. I'm saying if the govt decides to run the refineries themselves, they'd put $1,010,000 and get $200,000 as revenue. Again, don't confused subsidy/no subsidy with operation losses of govt running a company Donaldoni: |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by DMerciful(m): 4:49pm On Apr 25 |
It also means you won't have that equivalent crude to sell so your forex earnings will reduce. While there'd be savings, its not just addition and subtraction Paraman: 1 Like |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Donaldoni: 5:17pm On Apr 25 |
DMerciful: What are you saying now ![]() ![]() |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by socialmediaman: 5:20pm On Apr 25 |
Donaldoni: They couldn’t wait till that happened before “floating” it? Nigerians have to suffer till whatever that time is? They ended up achieving nothing since they’re still paying higher subsidy and even depleting the foreign reserve more? What manner of chartered accounting is that? |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by blowjohn(m): 5:21pm On Apr 25 |
Why are there BDCs |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Donrissy(m): 5:21pm On Apr 25 |
Paraman: Shey? At least make the naira rest back small for the one wey e don strengthen. Yeye dey smell. 1 Like |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Paraman: 5:28pm On Apr 25 |
DMerciful:Dangote and PH refinery won't be giving crude oil for free |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by excanny: 5:29pm On Apr 25 |
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Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by StarRida: 6:47pm On Apr 25 |
When Aisha Yusuf said hold your Dollar close they were calling her all sorts of names ... tufiakwa I'm tired of this Country called Nigeria how do we resolve the existence of this Country so that everyone go dey him dey why would you as an individual knowing fully well how the masses are suffering you still have the guts to defend this criminals in power nawa ooo |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Forkthiefnubu: 6:58pm On Apr 25 |
Nbote:Finally someone who knows what he is talking about |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Forkthiefnubu: 6:59pm On Apr 25 |
Donrissy:Abi ohh lol make he sleep first and maybe drink stout |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Okoroawusa: 7:00pm On Apr 25 |
BrodaBenad:This one is back from sabbatical |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by swagana: 7:05pm On Apr 25 |
I just dey Look Tinubu and his team of Lagos magicians. |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by CrossRhodes: 7:08pm On Apr 25 |
Hold ya dollars tightttt |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by CrossRhodes: 7:08pm On Apr 25 |
StarRida:They think economics and emotions mix..... |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Sctests: 7:13pm On Apr 25 |
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Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by BrodaBenad: 9:09pm On Apr 25 |
Okoroawusa: nairaland mods don show me shege swrs |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by GrifindorHouse(m): 10:30pm On Apr 25 |
Donaldoni: When thousand barrels of Crude oil are been stolen monthly Insecurity is preventing farmers from going to farm Dey play just dey play! |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by ogododo: 11:49pm On Apr 25 |
Nlfpmod, wetin dey happen. |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Cjrane2: 11:59pm On Apr 25 |
If the IMTOs keep changing #1,098 naira to $1 dollar for Nigerians, it will force many to seek alternative ways of sending money. Which will drastically reduce the dollars access to CBN. I hope the CBN forces the IMTOs to give Nigerians a fair exchange rate to keep alternative competitors from offering very good rates to Nigerians as it happened in the past. |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by Splashme: 1:35am On Apr 26 |
Terrible. |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by CrossRhodes: 3:08am On Apr 26 |
Cindypresh:Reality always trumps their propaganda ![]() 1 Like |
Re: Naira Retreats To 1,400/$ On Renewed Demand Pressure by ogododo: 7:58am On Apr 26 |
Nawa oo. |
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