Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,217,857 members, 8,035,656 topics. Date: Monday, 23 December 2024 at 04:50 PM |
Nairaland Forum / Nairaland / General / Business / Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts (27568 Views)
Why Naira Will Continue To Appreciate / Currency Dealers Back Cbn’s Policies / Inflation Rate Rises From 11.14% To 11.23% In August – NBS (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by Islie: 7:22pm On Apr 29 |
A surge in demand for dollars in the parallel market driven by banks and end-users combined with slow forex disbursement to BDCs by the Central Bank of Nigeria, CBN, caused the Naira, last week, to fall by 23 per cent against the dollar, thus recording the worst weekly performance of the Naira since February. https://www.vanguardngr.com/2024/04/why-naira-depreciated-by-23-in-4-days-currency-dealers-analysts-2/#google_vignette 2 Likes
|
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by DeepThroater: 7:27pm On Apr 29 |
How can you value your entire economy and currency on that of another sovereign nation's? Here lies the problem. The sooner we ditch the dollar and diversify our FX like how GEJ attempted the better we be. Also GEJ proposed opening up a trading house in Lagos for our oil to be priced in naira. When that proposal was floated , a Swiss Govt sponsored report came up with the fabulous lie of missing $50bn oil revenue to which Sanusi (a BlackRock appointee as VP Africa ) quickly vetted the unsubstantiated fake dossier. The enemies of Nigeria are more from within than outside. 97 Likes 7 Shares |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by Kaiser20: 7:29pm On Apr 29 |
CBN Governor and Tinubu go explain and give excuses tire why the Naira is falling . When you start lying to your people, you will always look for more lies and theories to support your incompetence. 44 Likes 3 Shares |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by kk2027: 8:03pm On Apr 29 |
Except we go from consumption to production, make we just dey play Let's keep teaching Peter Obi a lesson 71 Likes 8 Shares |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by Domaining101: 8:03pm On Apr 29 |
Una go explain tire, una go explain explain explain, no evidence. 13 Likes |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by ourcrudeoil: 8:03pm On Apr 29 |
Ok... What are we producing ? Why are we trading with dollars even within our country? When is PH REFINERY going to start working? What's going with our GOLD and LITHIUM ? Who is eating the money from GOLD AND LITHIUM? 25 Likes 5 Shares |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by EmeeNaka: 8:03pm On Apr 29 |
This one is Naira appreciation through bullying. 13 Likes |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by BodyCount: 8:03pm On Apr 29 |
How much is it today? Is it advisable I change my 5k now? 2 Likes |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by Bluebeach: 8:04pm On Apr 29 |
Ji |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by omoredia: 8:04pm On Apr 29 |
What is there to analyze than to try to make sense I'd their deliberate plan to ruin us all. 1 Like |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by kk2027: 8:05pm On Apr 29 |
EmeeNaka: Bullying part got me 5 Likes |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by Resurgent2016: 8:06pm On Apr 29 |
No more binance to blame. Government still trying to pick a new scapegoat 15 Likes |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by Bluebeach: 8:06pm On Apr 29 |
I |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by plumcomm: 8:06pm On Apr 29 |
Let’s just make dollar our official currency. 12 Likes 1 Share |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by NwaNimo1(m): 8:06pm On Apr 29 |
3 Likes |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by Eleph(m): 8:07pm On Apr 29 |
They keep defending the Naira and they still keep denying it. 6 Likes |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by rajiedreez: 8:07pm On Apr 29 |
Na Governor |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by HighChiefZino: 8:07pm On Apr 29 |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by madjune(m): 8:07pm On Apr 29 |
Besides oil, what's Nigeria producing and exporting? The CBN team can start their abracadabra economics by answering that. Besides, has there even been a question and answer panel (Meet the press) briefing since Cardoso started this his experiment? He should entertain questions on what he's doing presently. 6 Likes |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by Advocator1: 8:08pm On Apr 29 |
Smh |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by Okortor: 8:08pm On Apr 29 |
Keep calm guy's....our very own ODUMEJE is back and would use his ABIDO SHAKER 🧂 power to drop it in the coming day's....... 6 Likes 1 Share |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by Freshfish4: 8:08pm On Apr 29 |
Expect nothing good from this government, that way you don't get disappointed when you encounter things like this 1 Like |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by Wizpa(m): 8:09pm On Apr 29 |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by sundayezege4(m): 8:09pm On Apr 29 |
I for like make this dollar reach 2k 3 Likes |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by 43Ronin: 8:12pm On Apr 29 |
Abi Shakara don end ooo |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by NOETHNICITY(m): 8:12pm On Apr 29 |
Hater of Nigeria are working tirelessly to bring this country to its knees 1 Like |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by CountinBlessins(m): 8:13pm On Apr 29 |
DeepThroater: GBAM!!! Unfortunately Tinubu can never do this, why? Because he has too much baggage the west will use against him. If Tinubu was to sign an executive order ,demanding all crude sales in Naira I can guarantee you that Naira would exchange to the dollar less than N100 to $1 Because every one wanting to buy our oil takes their dollar to buy our Naira before coming to buy oil there by making our Naira fly in value but like I said Tinubu isn't the leader to do this because just one call from the CIA reminding him they have files from his past which they never released he will immediately reverse the order. This is why we wanted a leader like Obi who. Doesn't have such baggage the west can use to leverage against him. Alas Nigeria go dey already las las 22 Likes 2 Shares |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by oluseyiforjesus(m): 8:14pm On Apr 29 |
Thing are reducing on social media but not in market 1 Like |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by dreamworld: 8:14pm On Apr 29 |
Because the appreciation na scam |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by CodeTemplar: 8:15pm On Apr 29 |
The defence of naira envied that of Chelsea and man utd so decided to concede few goals more than them. 1 Like |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by DeepThroater: 8:16pm On Apr 29 |
kk2027: Obi is one of the major importers in Nigeria that has contributed largely to the death of our manufacturing base. 5 Likes 1 Share |
Re: Why Naira Depreciated By 23% In 4 Days — Currency Dealers, Analysts by Kobojunkie: 8:17pm On Apr 29 |
Islie:Two months of steady appreciation? For where? 2 Likes
|
FG Slashes Import Duties On 115 Items / List Of Investment Company In Nigeria / CBN To Sell Dollars To Pilgrims For 197
Viewing this topic: 2 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. 36 |