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Nairaland Forum / Nairaland / General / Business / Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 (28863 Views)
Naira Rebounds, Gains Across Markets / Forex: CBN Throws Naira Into Open Market, Nullifies N197/$ Exchange Rate / Naira Gains As CBN Clearing Rate Weakens Against Dollar (2) (3) (4)
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Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by omoadeleye(m): 10:56pm On Jul 22, 2015 |
H |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by kwenu: 10:56pm On Jul 22, 2015 |
which kind temptation be dis again. heh . after person don quit YY 3 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by DworldsGM: 10:58pm On Jul 22, 2015 |
bigneorapz: i feel your drive 3 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by fydence: 10:58pm On Jul 22, 2015 |
dont worry the naira is simply stepping back so it can surpass the dollar,....in the fullness...of... 4 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by tolexy007(m): 10:59pm On Jul 22, 2015 |
bigneorapz:bought mine at 30,900, six hrs later d price was increase to 34,500..... ![]() 4 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by chiedu7: 10:59pm On Jul 22, 2015 |
[size=14pt]THIS MAN CALLED GMB HAS BEEN IN POWER FOR ABOUT 3 MONTHS AND THE NAIRA HAS BEEN DEVALUED AT LEAST 3 TIMES. CHANGE UNA SAY?[/size] ![]() ![]() 16 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by IdJack(m): 11:00pm On Jul 22, 2015 |
[size=16pt]Nigeria Which way na.....Does it means that Nigerians entered 1 Chance [/size] 10 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by Nobody: 11:10pm On Jul 22, 2015 |
In Nigeria, You have freedom of speech, But not Freedom After Speech... |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by Superman11(m): 11:11pm On Jul 22, 2015 |
Taylor86: He is travelling unnecessary to America, is he not buying dollars to travel and also falling the Hand of the Naira.. he should put policy to paper for AGRICULTURE , POWER GENERATION AND TRANSPORTATION. 7 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by warrior01: 11:12pm On Jul 22, 2015 |
You guys were warned but you went ahead and voted for it. So, serve you guys right 9 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by chiedu7: 11:14pm On Jul 22, 2015 |
warrior01: ![]() 10 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by esere826: 11:14pm On Jul 22, 2015 |
ilobasama:He has no choice he either devalues the Naira or use our reserves to defend it If he uses our reserves and the oil price which is our main source of forex does not rise, then we have no money left and will have to borrow to sustain a strong Naira value. The only way out of this is to lessen the demand for Forex while at the same time encouraging inflow of Forex so if for example, everything you buy is 100% made in Nigeria, and we are able to sell our made in 9ja products overseas then and only then will N1 = $1 6 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by carlkenny: 11:18pm On Jul 22, 2015 |
Taylor86:waiting with u 2 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by BornnAgainChild(f): 11:18pm On Jul 22, 2015 |
Taylor86:Me too infact na my briefcase I rest 2 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by Nobody: 11:20pm On Jul 22, 2015 |
Swagt101: Honestly speaking bro, i'm wailing for your life. To save you from penury and destruction. Left for some of us, the life we live is the fantasy you dream of and if we decide to keep mute God will not forgive us. So please keep wallowing in ignorance and blind patriotism to your master while we wail and intercede to the higher beings on your behalf. Goodnight 6 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by Nobody: 11:21pm On Jul 22, 2015 |
Well the cause of it all is our over dependence on oil. The falling prices of our major product forced all these actions. Its well esere826: |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by doctokwus: 11:22pm On Jul 22, 2015 |
ilobasama:I feel d mistake he made was banning some importers from accessing foreign exchange from d CBN. Since those people still had to import those items, they just had to source for d forex from the open market. I bliv Emefiele or whatever he calls himself has been a disaster as d CBN gov.A new man needs to come onboard 2 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by dammytosh: 11:24pm On Jul 22, 2015 |
BabyDaddy20: I am sure your mother is the bread winner in your family. That is why you get excited calling some one who has achieved greater things than what your father will ever achieve a retardeeno. 1 Like |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by kennyman2000(m): 11:31pm On Jul 22, 2015 |
Naija which way oooo! 1 Like |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by Nobody: 11:31pm On Jul 22, 2015 |
dammytosh: Yes. Is it a crime for women to be the bread winner in their homes ?? 10 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by cut007: 11:35pm On Jul 22, 2015 |
dammytosh:Shut d f. up! DULA-DULA IS A RETARDED DULARDINHO!! children of slavery, disciples propaganda 7 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by Nobody: 11:36pm On Jul 22, 2015 |
Atlast someone shares my view. He is worst of the apex bank's governor we have had. Forget about whether he came from a good bank like zenith. Why ban importers from accessing forex from cbn when the truth is that we are an importing nation and nothing on ground to even encourage export of other goods. Before you restrict import, there should be measures on ground to encourage or start exports All he knows how to do is stop pensioners benefit and so on. Let him go back to zenith please. I pray our FG sees the need to develop our manufacturing sector and diverse this economy once and for all. doctokwus: 1 Like |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by cut007: 11:37pm On Jul 22, 2015 |
I DIDNT TYPE 'SLOW' I TYPED R.E.T.A.R.D.E.D!! 5 Likes 1 Share |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by doctokwus: 11:44pm On Jul 22, 2015 |
ilobasama:There is a difference BTW being a bank governor and that of the central bank of any country.CBN just exposed emefiele's shortcomings.He has never taken any correct policy decision at the CBN as far as am concerned and eventhough he wasn't helped by d drop in oil prices and d politician's spendings during d campaign; but d fact that (1) oil price hasnt dipped that much since (2)pressure on d dollar from political campaign has eased; yet naira has been having a free fall shows its strictly a problem of I'll thought out CBN policies. 1 Like |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by Swagt101(m): 11:47pm On Jul 22, 2015 |
calebo101:Candidly speaking bro, all I see in ur post is bigotry n hatred, why can't u just pretend to be sensible and give the general some breathing space, or maybe u shud criticize constructively,btw, I laugh hysterically when u bring God into this matter, cos its the same God that delivered us from the cabal,fedora hat fool u'r sheepishly following... Bro, were u blind 2 d fact that ur clueless nigga 4rm otuoke ran this country aground or what?... God's gonna judge u and me! I rest my case, but don't 4get 2 give PMB some space or better still, keep wailing, the choice is yours, good night! #Peace ![]() 1 Like |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by shamecurls(m): 11:51pm On Jul 22, 2015 |
[size=28pt]Wailing Wailers! Dinner is ready o......Free food for all[/size] |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by Nobody: 11:59pm On Jul 22, 2015 |
The policies and techniques used to run a commercial bank(main aim is profit) will definitely be different from that used in the central bank whose aim is non-profit and regulating the economy. To me I say they leave out these bankers and look elsewhere to appoint a cbn governor doctokwus: |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by Realdeals(m): 11:59pm On Jul 22, 2015 |
esere826:You have spoken well, don't mind some educated illiterate on this forum. 5 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by RADDY1(m): 12:00am On Jul 23, 2015 |
Taylor86: dont mind them....na GEJ cause am. am watching in 3.8D..LOLZ 3 Likes |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by esere826: 12:01am On Jul 23, 2015 |
ilobasama:yes you are correct and unfortunately there is little we can do about our oil dependency except the price crashes irrevocably Its almost how hard it is for a yahu boy to turn from his ways and work hard when an easier and more plentiful source of income exists Nigeria (not neccesarily its individuals) has been designed to fail or continue on its knees for decades no matter what PMB does, he'll end up leaving the throne someday and the party will continue |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by Nobody: 12:04am On Jul 23, 2015 |
Sad indeed. esere826: |
Re: Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 by Realdeals(m): 12:09am On Jul 23, 2015 |
The fact is that CBN cannot continue to use the depleted foreign reserve to defend the naira again, it's unsustainable couple with the drop in dollars income to the country. I think the CBN took the right step in stopping for example sales on some commodities. Most of the commodities are what it's been produced in the country. Local industries should be supported to increase productions. |
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