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Naira Drops As Demand Pressure Heightens - Business (3) - Nairaland

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Naira Appreciates As Demand For Dollar Gets Low / Naira Drops To 490/$1, 600/£1 / Naira Drops, As BVN Paralyses Forex Market (2) (3) (4)

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Re: Naira Drops As Demand Pressure Heightens by boboLIL(m): 8:22am On Jul 07, 2015
tsdarkside:


sai baba...... grin grin grin
u are n0w m0cking him 0h.......sai baba 0ne chance

1 Like

Re: Naira Drops As Demand Pressure Heightens by tochstorm(m): 8:22am On Jul 07, 2015
hmmm economics student in the house show yourself because we don confuse for this country.

1 Like

Re: Naira Drops As Demand Pressure Heightens by fxseven(m): 8:23am On Jul 07, 2015
Before the election one Priest aptly prophesied.....

[size=16pt]"From Goodluck to Badluck"[/size]

All these are the result

1 Like

Re: Naira Drops As Demand Pressure Heightens by Johnsinia(m): 8:24am On Jul 07, 2015
bushdoc9919:


1.I am actually from the South South

2.I want Nigeria to be like Japan and South Korea....and Germany.....strong industrial nations with high populaitons that have no need for oil money.

3.And that's the gospel truth.I do not like oil dependent economies.Too risky and sickly with the appearance of health.

4.The only prosperous oil nations either have small populations(Saudi and Norway 11Million each), or strong industrial backup/diversified economies(Norway and the UAE.)

5.If Buhari does not take us back to the industrial development path....out he goes in 2019
Isn't Gej going in that directn u listed frm 1-4 above? But ur likes wouldn't just allow him to work rather bringing all sorts of lies and propangadas against a man working for the betterment of Nig. Why do u tink he fall-out with Obj, US and the then northern gov? Is simple, he don't want to compromise hence, they used lies and propagandas to decieved the decievable to send him parking

2 Likes

Re: Naira Drops As Demand Pressure Heightens by Herrmes: 8:26am On Jul 07, 2015
LOL, all Buhari's promises are DOA.

2 Likes

Re: Naira Drops As Demand Pressure Heightens by arsetalks(m): 8:28am On Jul 07, 2015
DONMAYOR19:
I will make 1naira equal 1 dollar if u vote me in, less than 2 months, naira has gone down drastically as if they are searching for oil well.
This man just scam the gullible Nigeria, I knew it will come to this, someone that left power almost 30 years ago and refuse to update/upgrade himself academically, even low OBJ that has nothing to offer again still went to NOU to acquire degree. No organisation ever gave this d.ullard man any award for any good thing he has done, the only people that ever recognise him was boko haram that chose him to be their spoke man to negotiate with FG then when FG ask then for amnesty, that alone shows that this fraudster is highly connected with this same boko haram people. Check out the certificate saga then, up till now nothing happen, the useless people supporting him started saying even if he present Nepa bill or see thief-nubu robbing central bank, we will still vote for him, oya moona enjoy una change, all the things people criticise GEJ for, this useless illiterate d.ullard man has done it and even more than that. Enough said for now.


Lastly, whoever is the mod that ban me for 3 days for calling this illiterate man Dullardiinho is sick and should check him/herself, well I'm back now, and I will continue to call him Dullardiinho. BAN ME MOD. Hypocrite and bias mod.
I am going to take you serious only if you can provide a link that has a direct quote from PMB where he claimed naira will be parity with the dollar.

If you fail to answer it only means you agree you are a liar, if you answer with insults instead of facts, you are indirectly agreeing you lied. Let's do this please. Waiting.
Re: Naira Drops As Demand Pressure Heightens by dnuelly(m): 8:29am On Jul 07, 2015
boboLIL:
l0ls..... Na pure 0ne chance.... B00hari na driver,,,, 0sibanj0 na c0nduct0r....



We n0 de hear sai baba again.....weaklings







So were are they driving us to?
Re: Naira Drops As Demand Pressure Heightens by Nobody: 8:30am On Jul 07, 2015
bushdoc9919:


Actually....GEJ's fault too...for not getting us off oil.

Stop blaming Buhari for your mistakes.
GEJ's govt had a lot o' flaws, but I give him the credit o' restoring other areas o' revenue generation asides oil. Agriculture waS at its peak, the ban on furniture and textile was doing a great job to resuscitate these industries home based. GEJ did a great job and if corruption and bokoharam were to be excluded, he was a perfect president. Mho

5 Likes

Re: Naira Drops As Demand Pressure Heightens by DonCortino: 8:30am On Jul 07, 2015
PMB please appoint a finance minister to help us regulate our economy, this is not good at all oo!
Re: Naira Drops As Demand Pressure Heightens by boboLIL(m): 8:31am On Jul 07, 2015
dnuelly:







So were are they driving us to?
terr0r z0ne.... D0nt u see t happening?

1 Like

Re: Naira Drops As Demand Pressure Heightens by bigass123(m): 8:32am On Jul 07, 2015
If to say I see you now ehn as at the time I'm reading this your comment.. Aswear... I for test my AK_47 for ya body. Have you ever moved into an old/ dilapidated building before? YES you intend to renovate and make it come alive again.. Even though your intention is to do that.. Can you do it in one day? How much more a whole country.. With its economic, security, educational, power facilities all in state gross decay.
PDP mismanaged this country and her economy for 16 whole years. They brought everything to a standstill...the new government inherited an empty treasury and loads of debts to be paid including unpaid staff salary in almost all the states of federation. This new government is just a few weeks old and some idi0ts are already crying foul. Is it that you guys were asleep when ur ogogoro master was playing table tennis with our economy? Is it that easy to rebiuld what has been destroyed for so much years? Most of the Tanoids commenting here...the thunder wey go fire una na 2016 model and he still dey do press up for heaven.

maxwell530:
I said it that there is no diference only a change of party.and there is nothing this man will use to surpass gej achivements.
Re: Naira Drops As Demand Pressure Heightens by DonCortino: 8:33am On Jul 07, 2015
bushdoc9919:


Actually....GEJ's fault too...for not getting us off oil.

Stop blaming Buhari for your mistakes.
yeah you are right, its also OBJ's fault likewise, abubakar, abacha, shonekan, IBB, GMB, shagarri and GOO.

2 Likes

Re: Naira Drops As Demand Pressure Heightens by samplegirl(f): 8:34am On Jul 07, 2015
bushdoc9919:


smiley

And if you had Biafra by now...it would even be worse...because we Biafrans would be oil dependent.

Nigeria, Biafra....whatever...needs to forget about oil. Education, innovation, industries....that is what will save us.

Oil prices are falling because.....everybody and his auntie are producing oil. Including the US...which used to be a net importer ten years ago.

Oil is a curse.

Oil did not make them billionaires. They have no oil wells. The money they have today is from 20 pounds given to them after the war.

Give them credit.

2 Likes

Re: Naira Drops As Demand Pressure Heightens by arsetalks(m): 8:35am On Jul 07, 2015
Johnsinia:

Isn't Gej going in that directn u listed frm 1-4 above? But ur likes wouldn't just allow him to work rather bringing all sorts of lies and propangadas against a man working for the betterment of Nig. Why do u tink he fall-out with Obj, US and the then northern gov? Is simple, he don't want to compromise hence, they used lies and propagandas to decieved the decievable to send him parking
Lies? What lies? Was it a lie that under him price of crude oil in the world market increased but we had the foreign reserve almost eroded?

Was it a lie that despite the huge gain will make from the crude oil when we had bench mark rated pegged at circa $80, we were not able to use the extra accrual for anything tangible?

Was it a lie that the subsidy money jumped up drastically ( unexplainably)?

Was it a lie that under him Nigeria had more jets in the private fleet? Was it a lie that money developed legs and walked off the coffer and nothing was done until few weeks to election? Was it a lie that the whistle blower got fired instead of praised?

Was it a lie that under him thieves were rewarded instead of prosecuted?

What's your definition of lie?

1 Like

Re: Naira Drops As Demand Pressure Heightens by ikkkkk: 8:37am On Jul 07, 2015
This clearly shows that Mrs. Okonjo Iweala was doing a good job.

Kudos ma'am. U don shame them all.

2 Likes 1 Share

Re: Naira Drops As Demand Pressure Heightens by onatisi(m): 8:37am On Jul 07, 2015
Brownhypo:
PMB, where at thou
grandpa is in daura resting . Works 4hrs rests 20hrs . grin

1 Like

Re: Naira Drops As Demand Pressure Heightens by onatisi(m): 8:40am On Jul 07, 2015
Why is nobody shouting ”Sai baba ,sai buhari or change“ anymore Naija grin you go know say khaki no be leather . U never see anything
Re: Naira Drops As Demand Pressure Heightens by Brownhypo: 8:40am On Jul 07, 2015
sinizia:
Daura Dùllard's tenure has been filled with only bad news. It makes wonder if any good thing will ever come out from the Dùllardinho.

Buhari is the greatest scam sold to Nigerians. He's clueless personified. No single good act from him.

The way Naira is falling under Dùllardinho, it will soon discover expired oil.



He's busy building a helipad and governing his cow. What a dùllard.
grin grin grin

1 Like

Re: Naira Drops As Demand Pressure Heightens by chigoizie7(m): 8:41am On Jul 07, 2015
bushdoc9919:


Actually....GEJ's fault too...for not getting us off oil.

Stop blaming Buhari for your mistakes.



Shut up, in the history of Nigeria democracy, it was during Gej administration that experienced more concern for agriculture (massive capital input and cogent policies).

Let's not forget about industrialization,( auto mobil policies and so on)

GEJ was the president for 5yrs, and 5yrs Is not enuf to divert from oil, if it were, OBJ should ve done it during his 8yrz.


I am not in any way supporting GEJ, but if anyone deserves to be blamed, let him or her collect d blame.


PMB, did not understand that democracy rule is different from military rule . As such he tot that he as a presido ha d final say. For getting that there is wat we call due process,

Democracy is a game of number, it will be most difficult to achieve many things in this very corrupt country, GEJ did not start corruption( his admin is still one of the most corrut in democracy rule).



My point I that u should not blame mr A for mr B woes.

2 Likes

Re: Naira Drops As Demand Pressure Heightens by Brownhypo: 8:43am On Jul 07, 2015
onatisi:
grandpa is in daura resting . Works 4hrs rests 20hrs . grin
.....and people are dying every 24hrs.

PMB, Abeg wake up!!

1 Like

Re: Naira Drops As Demand Pressure Heightens by onatisi(m): 8:47am On Jul 07, 2015
Brownhypo:
.....and people are dying every 24hrs.

PMB, Abeg wake up!!
only grandpa cows can wake grandpa up . If boko haram kills 10 grandpa cows believe me sheakau and boko haram won't last for 1month.

1 Like

Re: Naira Drops As Demand Pressure Heightens by Nobody: 8:48am On Jul 07, 2015
Some Will Be Happy.
Re: Naira Drops As Demand Pressure Heightens by erico2k2(m): 8:52am On Jul 07, 2015
ShakurM:
As long as this nation opens legs to all manners of foreign products, most which can be produced locally and this nation encourages it's citizen to go utilize foreign items from overseas, the naira would continue its downward movement.
I believe there's no reason why simple household items like bathroom slippers, toothpicks should be imported into this nation. The advanced nation we look up to started from the bottom now they are here
Get ur fact right, the so called advanced economy actually import more than we do, even banana is imported in the uk
Re: Naira Drops As Demand Pressure Heightens by bigass123(m): 8:53am On Jul 07, 2015
Do you have an idea how much resources this country lost under GEJ?
How much was the dollar to the Naira before GEJ, how much was it when he left?
How much was our external reserve before GEJ and how much was it when he left?
How many states were been owed salary before GEJ and how many states were owing as at his exit from office.
The $20b dollars that grew wings and flew away... What did your GEJ do about it before he left even after Sanusi gave fact and figures and even pointed fingers to the robber that robbed the nation.
In the history of Nigeria.. Which president ever "purchased arms" with someone else's private jet and sidelining the military in the entire process.
Which president in the entire world... Openly romances and awards ex convicts that cheated and looted the state. Which president in the entire world ever came out publicly and declare that stealing isn't corruption?
Oga... I advice you to only come here and yan ur opatar and go jeje.. If you go outside and spit this n0nsense... You're risking been beaten black and blue or even stoned. A word is enough for the wise oh

Pelmet:
GEJ's govt had a lot o' flaws, but I give him the credit o' restoring other areas o' revenue generation asides oil. Agriculture waS at its peak, the ban on furniture and textile was doing a great job to resuscitate these industries home based. GEJ did a great job and if corruption and bokoharam were to be excluded, he was a perfect president. Mho

2 Likes

Re: Naira Drops As Demand Pressure Heightens by Brownhypo: 8:53am On Jul 07, 2015
onatisi:
only grandpa cows can wake grandpa up . If boko haram kills 10 grandpa cows believe me sheakau and boko haram won't last for 1month.
grin grin the level of his weakness is pretty high ....

1 Like

Re: Naira Drops As Demand Pressure Heightens by erico2k2(m): 8:56am On Jul 07, 2015
insurezest:
Some Will Be Happy.
Yes those in Diaspora sending hard currency home.
Re: Naira Drops As Demand Pressure Heightens by Obere4u: 8:56am On Jul 07, 2015
The dead (naira) shall raise again......

It's just gaining momentum that will propel it to a great hight against the dollar...

By next week, 1$ = 198#
Re: Naira Drops As Demand Pressure Heightens by omooba969(m): 9:00am On Jul 07, 2015
DankemzI:
Nigerians Did'nt value what they have (GEJ)
Nigeria was Scamed big time and we all fell fot it!

GEJ is d worst thing dat ever happened to dis country. Do I need to mention d unhealthy permissiveness dat was so rife in his administration. Wot did he do to utilise d massive human resources we av. I dnt even need to dwell on d issue of oil cabals.

Hope u haven't forgotten d issue of security so soon, I knw u can figure dat out.

Education nko, strikes on all fronts coupled wit unfavourable conditions for our dear teachers & lecturers; wot became of d sector under his administration? Why not take a look @d level of impunity never seen nor heard of, it was clear he was only a figure-head...so sad! 'known to all dat he wasn't in total control however well he might av wished dis country.

PMB is only 2months into his administration & u r expecting some abracadabra...abeg park well !

Talk of scam, GEJ & his crew scammed us all & mind u there's more revelations coming so sit back & get some popcorn for da movie ok.

1 Like

Re: Naira Drops As Demand Pressure Heightens by erico2k2(m): 9:02am On Jul 07, 2015
arsetalks:
I am going to take you serious only if you can provide a link that has a direct quote from PMB where he claimed naira will be parity with the dollar.

If you fail to answer it only means you agree you are a liar, if you answer with insults instead of facts, you are indirectly agreeing you lied. Let's do this please. Waiting.
Bro he did say so, at oweri,

1 Like

Re: Naira Drops As Demand Pressure Heightens by onatisi(m): 9:05am On Jul 07, 2015
Brownhypo:
grin grin the level of his weakness is pretty high ....
the most annoying thing is no matter the number of deaths or victims . Grandpa just keeps quiet and says nothing as if nothing happened. One person was. Killed in france and the president left the eu summit and rushed home. Each time there is a shooting in the usa ,obama always makes a statement condemning the act and telling the american ppl to be on guard. But in grandpa case ,anytime he hears 42 or 97 ppl killed by boko haram , he just nods his head and continue playing hide and seek with his cows . Naija is in real deep shit . Next time ppl will open their brains and eyes before voting

3 Likes 1 Share

Re: Naira Drops As Demand Pressure Heightens by Billygee2u: 9:05am On Jul 07, 2015
which way Buhari?

1 Like

Re: Naira Drops As Demand Pressure Heightens by 989900: 9:06am On Jul 07, 2015
ikkkkk:
This clearly shows that Mrs. Okonjo Iweala was doing a good job.

Kudos ma'am. U don shame them all.

"The truth of the matter is that Nigerians are gullible and to a very large extent unfortunately ignorant about the operations of an economy.

what was the level of inflation when the Finance Minister came in, and what is the level of inflation when she is leaving? What was the level of consumption spending when the Finance Minister came in, and what is the level of consumption spending when she left? What is the level of capital accumulation in terms of fiscal discipline, directing more resources towards capital formation and infrastructure?

Did consumption expenditure (recurrent expenditure) continue to exceed capital expenditure such that recurrent expenditure constantly edged around 70 percent while capital expenditure was 30 percent? You cannot cover failure forever.

No economy can also succeed, especially with a population like ours, when the ratio between recurrent and capital expenditure has even risen from 70:30 the last time she was there to a recurrent of over 90 percent now. Is that not alarming?

There is the issue about those indices I mentioned initially with inflation at eight percent running to 10 per cent and cost of funds to the real sector at over 20 per cent. The Minister of Finance and Coordinating Minister of the Economy was asked a question by a ThisDay Newspaper reporter at an interview less than two years ago that “madam, why is it that the cost of funds is well over 20 per cent? And the Minister of Finance, this so-called exalted personality in the area of economics management said, “ In fact that has been bothering me, I don’t really know, it is something that I must discuss with the banks.” If she did not know after she had been there for a long time, is it the question by the reporter that has now prompted her interest, When she knows that no economy can thrive or succeed when cost of funds to the real sector is over 20 per cent? . . . "


And that's just 20% of the story http://thenewsnigeria.com.ng/2015/05/19/okonjo-iweala-a-failure-henry-boyo/

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