Stats: 3,190,376 members, 7,940,446 topics. Date: Thursday, 05 September 2024 at 06:04 AM |
Nairaland Forum / Nairaland / General / Business / Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window (18458 Views)
Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market / Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window / Forex Transactions On Investors & Exporters Window Hit $7.62bn (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by okuta007: 9:31pm On Jun 21, 2023 |
routed: dey play you think say na who shout I receive it pass for Shiloh dey be billionaire? your mumu don reach PhD level |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Seun(m): 9:35pm On Jun 21, 2023 |
HNICEARTH:Disturbing. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by blackgold2018(m): 9:40pm On Jun 21, 2023 |
drlaykay:idiot.. fool. The government is still deceiving you |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 9:42pm On Jun 21, 2023 |
okuta007:Your ignorance is out of this world. I'm here talking about fact on ground not emotions like you . Your level of knowledge, may be education makes you sound the way you do. Do you even understand what's going on in the economy, to start with, I doubt you do? Empty brain result to insults in intellectual discussion |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by MoneyMustBMade(m): 9:43pm On Jun 21, 2023 |
APC! Let the poor breafe stop suffocating them with corruption |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by pquaver(m): 9:46pm On Jun 21, 2023 |
Crvrider: I am judging obi with his anambra scorecard.. Dide os a failure personified |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Kay25(m): 9:47pm On Jun 21, 2023 |
chatinent:Forget all dis cap even if obi has won it would still be the same thing even worst of it |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 9:48pm On Jun 21, 2023 |
blackgold2018:People like you are the one deceiving yourself, all you need do is to watch the market inorder to plan your business and investment portfolio as things unfold. Sorry, do you even have investments? I have been trading N/$ at least twice every week since the new CBN policies on exchange rate. I understand what is unfolding, the market is full of excitement and caution right now. E lo fokan bale!!! |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by KingDash09(m): 9:53pm On Jun 21, 2023 |
We like him like that.. y’all hate too much sthecy: |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by fergieboy: 9:57pm On Jun 21, 2023 |
Renewed shege What we have here is too many hands chasing few dollars 1 Like |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by NUJABEZ: 10:00pm On Jun 21, 2023 |
lexy2014: You don't have to bark all the time. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by TheGoodJoe(m): 10:02pm On Jun 21, 2023 |
adioolayi: As long as the demand for dollar is high, the naira will keep falling. You are forgetting that the dollar is actually a scarce currency due to international demands. No one will carry billions of dollars to flood the market. So you can't have an equilibrium. You can't fix the situation with policies. 3 Likes 1 Share |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by blackgold2018(m): 10:03pm On Jun 21, 2023 |
routed:fool |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by TheGoodJoe(m): 10:03pm On Jun 21, 2023 |
Tianamen1: Explain to me O smart one how you can tax your way out imof economic crisis. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Curvinus(m): 10:08pm On Jun 21, 2023 |
Tianamen1: No he's actually right on his last point. Taxation is not a silver bullet as some of you want to believe. Instead you'll end up cutting open and bleeding out the arteries that run the economy. The private sector at present provide their own generators, security, water supply, healthcare and you still want to tax them out of business. that would be more of punishment than taxation and people would also get wiser and start cooking up the books, leading to drop in tax revenue. Don't also forget that these businesses do not even have any recourse or a form of bailout in the event that things go bad. But all you can think of is tax, tax tax. 2 Likes |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by LeyeWrites: 10:10pm On Jun 21, 2023 |
ChristineC:May you be unfortunate as you wish Nigerians to be unfortunate. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 10:11pm On Jun 21, 2023 |
fergieboy:Which too many hands are chasing dollars? You know next to nothing about events in i&e windows. There were so much undesirable pressure on naira before now, this was because the value of the exchange rate is artificial. Now, naira is finding its real value. A case study: I have a friend based abroad paying his child school fees who is also based abroad. Before paying the child school fees, he'll send dollar to Nigeria and exchange it in black market and put the naira in his naira account in Nigeria and apply for dollar in CBN through Form A. Now the friend resolved to pay in Dollar because their is no difference now. On his side, the subsidy Nigeria pay on his child school fees is done with. This will affect thousands of parents including me who have been exploiting some of these loopholes before this policies. Don't let your hatred for this government make you loose opportunity to make wealth in real economy of this moment. Think out of the box or without box. Stop being bitter, this is opportunity for you to make real wealth in emerging Nigeria real economy. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by drlaykay(m): 10:13pm On Jun 21, 2023 |
blackgold2018:Why are you guys so uncultured? Can you dare say this to me when you meet me in person? Why can't you be civil and address people with contrary opinions with respect or simply stroll past their comments. Even the British government, world bank, renowned economics worldwide who applauded the policies are fools right? And you are the only sensible ones. Even Peter Obi that I'm sure your support proposed the same thing during his campaign. Why can't you guys just look beyond political affiliations, tribe, hatred and purge yourself of every bile you have accumulated internally. And please work hard and do good for yourself. Success comes with some form of civility. A successful man won't address someone else this way. Work hard. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by blackgold2018(m): 10:18pm On Jun 21, 2023 |
drlaykay:how dare you.. @can I say this to you in person ![]() What a hell. I really hate fools like you. With nonsense pride. A rich sensible man will never go on “do you know who I am” statement. God punish you there. Someone that I’ll even be more richer and comfortable than. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Tianamen1: 10:21pm On Jun 21, 2023 |
Curvinus: Please show me where I have ever mentioned taxing businesses. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 10:22pm On Jun 21, 2023 |
drlaykay: Thank you my brother. We love them, the reason we want them to see the lightening hope in the economy direction that people all over the world are jostling for, the edge fund investors abroad are waiting to see naira stability before pumping greenback into the window, some bitter souls are talking about dollar chasing naira or whatever. Is your naira or dollar among the chaser, be involve, this is opportunity right in your nose. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Streetdoctor: 10:27pm On Jun 21, 2023 |
routed:As a self aclaimed economist, what should be d priority of a sensible govt right now? |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 10:28pm On Jun 21, 2023 |
Tianamen1:Ask them how much tax they have paid this year. For their information , for you to process your Form A with CBN now, you must present 3 years tax certificate. We are all bleeding the economy, we want healthy economy but don't want to pay their dues. Because we don't want to talk or respond to their gutter-bitter vomit, they feel they have point or reasonable. Uneducated feeling enlightened people. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Curvinus(m): 10:31pm On Jun 21, 2023 |
Tianamen1: The poster said, "you can't tax your way out of an economic crisis" to which you replied that his last comment was foolish. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 10:36pm On Jun 21, 2023 |
Streetdoctor: The priority of a sensible govt now, my brother, is to strengthen her Monetary and Fiscal policies, take control of his government, save all the deathly subsidies funds and role out an unprecedented social welfare and job target infrastructure expansions in the coming supplementary budget. Please, read about the economy miracles of S/Korea, Chinese, Singapore and likes, the beginning was deadly and tougher than what you can imagine. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Curvinus(m): 10:40pm On Jun 21, 2023 |
routed: You need to understand that job creation has to come before taxation except you want to tax unemployed people. And by job creation, I don't mean those fleeting kind of conjured jobs or disguised welfare measures that govt uses to buy time and deceive gullible people. I'm talking about real jobs which comes as a result of a level playing environment where the private sector thrives. Unfortunately in this country, government sees job creation as some sort of fanciful thought or personal goodness and not actually the leg on which government stands. There must be twice as much emphasis on job creation than there is on taxation. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Streetdoctor: 10:40pm On Jun 21, 2023 |
routed:U hinted on d economic aspect of it which is one of d top priority of a sensible govt, but right now, d present govt is just opposite of it, when u dish out some monetary policies, u hv to factor d less privileged, d poor, d underemployed and d unemployed ones. But here we are, no measures are being put in place for d poor masses. So tell me how dis present govt is getting it right. Anything that does not favour d poor masses A Bit is just nonsense. Tell me how inflation started under APC, and how cost of living skyrocketed? And it keeps going up and up. I want to learn bcs I'm into d field |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by slymansun: 10:41pm On Jun 21, 2023 |
Hahaha. I just dey laugh small small. Where are all the Agbadorians? Las Las , na all of us go suffer arm. Mark my words, Tinubu came to finish off whatever that is left of Nigeria. The drug baron has increased salary by 114% for himself and his fellow polithiefcians while making life hell on earth for the common man. Once again, I dey laugh small small |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by drlaykay(m): 10:41pm On Jun 21, 2023 |
blackgold2018: Don't let me continue to kindle you with attention. I will only advise that you work hard and be successful, Many years later come back here and thank me when you become a better person. Again let me remind you, not everyone is a lowlife. |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by docsholz(m): 10:42pm On Jun 21, 2023 |
routed:I'll quote you in a few weeks, pls don't delete it |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Pipefitter: 10:44pm On Jun 21, 2023 |
Seun... I don't know where you get your updates... Dollar now is over 800 naira |
Re: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by Tianamen1: 10:48pm On Jun 21, 2023 |
TheGoodJoe: Taxes are used to reduce the demand for foreign goods. This helps maintain the value of a country's currency. If taxes a put on imports, people will have less Naira to use to chase the Dollar, thus strengthening the Naira. Electricity is a main hindrance to Nigeria's industrialization. For the past 15 years, Nigeria has been trying to implement a MYTO policy to gradually increase the unit price of electricity to meet market realities. This has been a complete failure because the Naira keeps losing value. Nigerians always want to blame people or things for the collective failures of Nigerians. We will blame Emefiele. We will blame Buhari. The reality is that our consumption of foreign goods is why our Naira keeps losing value. |
(1) (2) (3) (4) (5) (6) (7) (Reply)
Ifeanyi Ubah Sues DSS, Seeks Release From Detention / CBN Moves Against Banks For Hoarding $5billion / 5 Hot Business You Can Start With 10,000-100,000,000 Naira
Viewing this topic: 1 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 68 |