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Nairaland Forum / Nairaland / General / Politics / Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control (894 Views)
K1 THE ULTIMATE IS SERIOUSLY ANGRY WITH TINUBU BIG FIGHT / Profile Of Olayemi Michael Cardoso, Nominee For CBN Governor / Tinubu Nominates Olayemi Cardoso As CBN Governor (2) (3) (4)
Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by googi: 8:19pm On May 23 |
The easy temporary measures do not appreciate local currency, they only give time to local currency hoarders to unleash at will their old crumbling naira from vaults, graveyards, file cabinets and wherever they hide the loot. Of course depreciating local currency further as they besiege Bureau du Change again. If anyone thinks these money launders do not know the timing and when to flood the market, think again. Many countries have their form of Bureau du Change and Central Bank but most African countries turned theirs into round tripping enterprises or private banks for the privileged politicians and their cronies. As other countries have checks and balances in place, so do our local regulators that just ignored them with impunity in Africa. It started with the military strong men and got worse regardless of civilian or military government. https://thenews-chronicle.com/tag/our-currency-in-warehouse-grave/ 3 Likes |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by vanbonattel: 8:20pm On May 23 |
![]() Let's blame the bureau de change operators and go to bed with empty stomachs ![]() Una never see anything. 4 Likes |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by Ola9ja23: 8:28pm On May 23 |
When the presidency were defending the Naira all the IPOBidients were crying all over the world bcs they think it will favor on Tinubu and Yoruba But now that presidency have stop defending Naira we are all only a long ride Let's wait until we become and industrialized nation even it takes 300 years even if Naira gets to 50000 to dollar We are together ๐๐๐๐คฃ |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by obiekunie01: 8:36pm On May 23 |
Ola9ja23: does anyone understand what this BATeria is saying?? 5 Likes |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by vanbonattel: 8:41pm On May 23 |
obiekunie01: I didn't understand him, with Bacteria in his head, he will be sounding incoherent. 4 Likes |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by Validated: 8:47pm On May 23 |
Ola9ja23: So, you now agree that they were defending the Naira? Today, you are singing a different tune. Are you guys never tired of fuulling yourselves? Imagine an unemployed graduate borrowing money to buy data to defend the same people that caused his unemployment. 2 Likes
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Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by DonEd(m): 8:47pm On May 23 |
Ola9ja23: Some people no really get sense. Obidients demanded for the floating of the Naira, ba? |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by MEEVEET: 8:48pm On May 23 |
googi:75 billion for SMEs 90 billion for Hajj 15 trillion for costal road 500 billion for road construction in fct Then let's act like we don't know why the naira is falling 2 Likes |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by googi: 9:33pm On May 23 |
Since people who gain by their repeated indifference are the benefactors, pretending they are working to solve the real problems, we are all in trouble. They spend lavishly like a drunken sailor. While privileged Africans in our local communities swallow foreign currencies that cannot be printed in their countries, without sweat. They cannot work their butts off like the people earning euros, dollars and other foreign countries abroad. Could have been prudent if they did. Banks are commercial enterprises that trade on peopleโs savings by lending out to borrowers at predetermined interest rates. When the interest rates get too high, it dampens business activities discouraging those who want to start businesses and employ workers. Low interest rates encourage the society and spur commercial activities. The interest rates are so high in many African countries, you wonder who can afford to borrow from banks, make enough profit in order to pay back. If banks and financial houses are not able to borrow, the banks cannot make a profit from peopleโs savings. So the banks and financial houses are raided by unscrupulous businesses and politicians. When these banks are no longer viable and they go bankrupt, people lose their life savings. Unfortunately, new generation banks are not in the business of savings and lending but into attracting life savings with high rates of return and looted hidden local currency. Once they gather enough to share within, they liquidate and ask for a government bailout https://thenews-chronicle.com/tag/our-currency-in-warehouse-grave/ MEEVEET: |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by Donaldoni: 9:39pm On May 23 |
But the Naira has been stable at NGN1,480 for some time now. Stability is all that matters. |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by Stanleymaster1: 9:52pm On May 23 |
Tinubu system is no longer working, orhavehis idea finish. You too loan to defend the naira, when the loan is exhausted what do u expect. |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by Floky215: 9:52pm On May 23 |
obiekunie01: What do you expect from a motor park tout....? They are all like that...no single common sense..!!! 1 Like |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by agadez007(m): 10:16pm On May 23 |
They think Nigeria is their usual โKamoru,mount Oshodi bustop and collect owomida from that area and Bashiru,Mount Ojuelegba make you collect owomida money for that areaโ type of politics they do in Lagos |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by googi: 4:28am On May 24 |
Apart from Obasajo, does anyone know of any tail or head of state that has been held accountable? Not even Tinubu dare try the big boys. They and their cronies flood bureau du Change at will. OUR CURRENCY IN WAREHOUSE GRAVE & VAULT DEPRECIATE BUREAU DE CHANGE How can local currencies appreciate when we have excess hidden in graveyards, warehouses, bullions vans and safes that can flood the bureau du change at will? We all know this, yet we keep on ignoring the obvious. By repeatedly ignoring facts and expecting different results is the height of hypocrisy. You cannot quench fire without turning off the source. As African politicians punish us with impunity, instead of fighting back, we back into the wall and melt into the wall. |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by googi: 4:46am On May 24 |
If dem born Tinubu well, let him try. Even Buhari was scared to avenge Banbagida. The cabals come from the South too, not only North. 1 Like |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by jara: 5:24pm On May 25 |
Nuhu Ribadu probed and jailed his superior, Chief Inspector General of Police Tafa Balogun under President Obasanjo. |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by googi: 3:25pm On May 30 |
jara: Be real those days are gone gone gone! |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by cjrane: 3:31pm On May 30 |
If you cannot control the depreciation of the naira, then ensure that the current printing of more NAIRA NOTES is distributed to the PEOPLE and not to the politicians in government as its currently happening! |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by Forkthiefnubu: 4:13pm On May 30 |
Tinubuโs big boys are a just a bunch of incompetent hyped ethnic champions, e Don reach to do , do am make we see |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by Forkthiefnubu: 4:16pm On May 30 |
Ola9ja23:Suddenly we are all in it together? I tot u guys are special and will have the best of life while the igbos suffer ? Thatโs the thinking amongst the yari:bas , no special market with different prices for u guys lol |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by Chinkoalhaji34: 4:22pm On May 30 |
Na true talk o, dem no dey care about our local currency, dem only dey find ways to chop our money while we suffer. |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by mightyhaze: 4:24pm On May 30 |
On ur manhood (gbola) On ur manhood gbola On ur manhood we shall stand.. ![]() |
Re: Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control by Philipponzaghi: 4:33pm On May 30 |
Tinubu dey try wella for our economy, e dey ontop pesin head wey no dey easy! E don try fight corruption, but those Obedients no gree, dem wan carry naira go grave. Abeg, make dem leave am. |
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