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Nairaland Forum / Nairaland / General / Business / CBN May Lose Control Of The Naira - Punch Editorial Board (24449 Views)
CBN May Not Clear FOREX Backlog — Report / New Note Crisis: CBN May Print Naira Abroad To Ease Cash Crunch / CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg (2) (3) (4)
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CBN May Lose Control Of The Naira - Punch Editorial Board by ogododo: 8:17am On Aug 14, 2023 |
WHILE the government appeared distracted with the coup in Niger Republic, the naira plunged further in the foreign exchange markets last week, exchanging at a record high of N955 to US$1 on Thursday, and spreading panic through the business community and apprehension among Nigerians. President Bola Tinubu and the Central Bank of Nigeria need to move fast, creatively, and pragmatically to avoid losing control of the currency and the economy. https://punchng.com/cbn-may-lose-control-of-the-naira/ 15 Likes 3 Shares
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Re: CBN May Lose Control Of The Naira - Punch Editorial Board by TheKingOfCrumb: 8:31am On Aug 14, 2023 |
1 dollar about to hit 1000 Awa lokan ![]() 106 Likes 8 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by SalamRushdie: 8:37am On Aug 14, 2023 |
I called this first many weeks ago and I never call Anything wrong..like I said then Tinubu had lost control of of the economy because of his poorly implemented fuel and Naira deregulation and remember I predicted that that naira will get to 1200 to a dollar and Petro 1050 per litre abd Tinubu will be forced to start regulating them again other to save his govt from a popular uprising....Nigerians will be the ultimate losers 130 Likes 10 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Smithkafors(m): 8:42am On Aug 14, 2023 |
Wahala, the same set of people that made us go into inflation has regrouped again. You see them in APC and nairaland. You see them hailing their oppressors. They can never support good governance. 113 Likes 11 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by ogododo: 8:42am On Aug 14, 2023 |
Tinubu no sabi how to run economy. Na tax and tariff be him specialty. See how Lagos wowo. 104 Likes 10 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by joyandfaith: 8:45am On Aug 14, 2023 |
Floating of naira is a bad idea. Forex restriction on 43 items doesn't make sense. 37 Likes 5 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by BoldBrainz(m): 8:47am On Aug 14, 2023 |
We've been shouting this on all threads since the last week of June, but APC supporters here on nairaland, said we're economic neophytes, therefore in no place to give counsel. Let's now be quiet and watch their Chicago bred Exxon mobil accountant and seasoned economist, take the center stage. 105 Likes 5 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by papaeme: 8:59am On Aug 14, 2023 |
An ACCOUNTANT without certificate can only tax his subjects to abject poverty Know this and Know peace 109 Likes 8 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by AsomughaChuks05: 9:09am On Aug 14, 2023 |
This is an opportunity for Nigerian entrepreneurs to start local manufacturing of most of the things Nigeria imports. It is the only panacea to reverse high rate of joblessness in the economy. It is an apt response to the current situation of the economy. Check out Japan. They became the second largest economy in the world until recently by heavily devaluing their currency against the dollar. Tinubu is on the right path. 7 Likes 7 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Righthussle: 9:15am On Aug 14, 2023 |
which one is "CBN may lose control of the Naira ? something wey don already happen. 47 Likes 5 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by yesloaded: 9:16am On Aug 14, 2023 |
AsomughaChuks05: You need 247 stable power supply Adequate security Good government policy To achieve what you suggested 81 Likes 2 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by helinues: 9:28am On Aug 14, 2023 |
May? When we are in August ![]() ![]() 1 Like 1 Share |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by SalamRushdie: 9:30am On Aug 14, 2023 |
AsomughaChuks05: I am 100 percent sure you have never run a business 85 Likes 3 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by SmartPolician: 9:31am On Aug 14, 2023 |
For floating the naira knowing that Nigeria runs an import-dependent economy, Ebola no just get sense. $1 may reach #1k before December 2023. 21 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Ikaeniyan0: 9:35am On Aug 14, 2023 |
Why is it taken tinubu this long to appoint ministers 😕 7 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by PARADIZEPRIEST: 9:40am On Aug 14, 2023 |
WHAT ABOUT ALL OF THE NOISE ABOUT DANGoTE REFINERY THAT BUHA GAVE NAIJA MONEY TO BUILD ![]() 19 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by SmartPolician: 9:41am On Aug 14, 2023 |
AsomughaChuks05: Do you know what it takes to produce something in this country? How will you power your machines? With diesel or petrol that's very expensive? In fact, many people would prefer to import things than produce in Nigeria because importing from China is cheaper than producing in Nigeria. Nigeria has no enabling infrastructure for driving businesses like steady power supply. If you run on diesel, you will incur huge losses. 65 Likes 4 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by ambale(m): 9:44am On Aug 14, 2023 |
AsomughaChuks05: You talk as if you are not in Nigeria, businesses are closing down because of the harsh economy and you still advising new ones to join the fray. What sort of right path are you on? 51 Likes 1 Share |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by ambale(m): 9:46am On Aug 14, 2023 |
SalamRushdie: Person wey dey copy other peoples comment they use am do yanga I have some of my partners who have stopped coming to their offices due to this hardship Imagine expenses exceeding revenue, thats too bad now 35 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by EconomistXplain: 9:46am On Aug 14, 2023 |
tinubu's major problem in the economy management is dangote who has refused to begin operation of his long awaited refinery project.... if he (dangote) does, then petrol import will stop... foreign exchange will b saved..huge demand for FX will decline...supply of FX will begin by major private firm....then naira and everything else will stabilize 5 Likes 2 Shares |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by ambale(m): 9:48am On Aug 14, 2023 |
SmartPolician: Many of them have never ran a business before, they think its the fraudulent activities they get involved with Some business men already down tools as their machines starts to misbehave and no money for maintenance 29 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by leokid866: 10:04am On Aug 14, 2023 |
ogododo:but you Still carry your head enter...... 3 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by leokid866: 10:06am On Aug 14, 2023 |
yesloaded:There are pockets of those already in place. In fact several people have taken advantage already.....na you just no look |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by yesloaded: 10:08am On Aug 14, 2023 |
leokid866: Where n when? 11 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by leokid866: 10:13am On Aug 14, 2023 |
yesloaded:Try...Ogun....Ibadan...Rivers.....Delta......Kano and Kaduna but the last two you might want to focus in their capital.....the edges are not as safe. |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by shox(m): 10:16am On Aug 14, 2023 |
SmartPolician:na 45naira remain😀😀😀 E sure die to pass 1000 before December 6 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Bizibi(m): 10:18am On Aug 14, 2023 |
AsomughaChuks05:right path ![]() ![]() 2 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by ChatterHouse: 10:24am On Aug 14, 2023 |
9 Likes 1 Share |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by ChatterHouse: 10:26am On Aug 14, 2023 |
1 Like |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by orisa37: 10:46am On Aug 14, 2023 |
TINUBU MAY LOSE IT TOO IF HE DOES NOT DENOMINATE FAST. WALE EDUN IS HIMSELF SPURRING NONSENSE. THEY ALL HAVE FAT FOREIGN ACCOUNTS WHERE THEY STORE THE LOOTS. TINUBU SHOULD AT LEAST DENOMINATE AT N180:$1 GEJ'S STANDARD. MR PRESIDENT GIVES THE ORDER AND NOT AN UNSCRUPULOUS ADVISER OR SILLY SO CALLED GOVERNOR OF CBN. 3 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by 9jatriot(m): 10:57am On Aug 14, 2023 |
I think I did recall you opening a thread along this line sometime ago. What do you think however can be done to remedy the situation, assuming you were talking from an economic point of view without any political undertone? Coz, this matter affects us all, ostrict and rat alike. SalamRushdie: 6 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by ogododo: 10:58am On Aug 14, 2023 |
leokid866:Who tell u so. 1 Like |
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