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Nairaland Forum / Nairaland / General / Politics / State Of Naira Under Buhari- A Pictorial Analysis (2395 Views)
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State Of Naira Under Buhari- A Pictorial Analysis by olapluto(m): 10:56am On Sep 11, 2015 |
Recently, some PDP goons on this forum have been trying to imply that Buhari is damaging the naira. I just want to show a picture of how Buhari compares to Jonathan this year in terms of the naira vs USD. 2 Likes
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Re: State Of Naira Under Buhari- A Pictorial Analysis by SeverusSnape(m): 10:57am On Sep 11, 2015 |
Okay 6 Likes
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Re: State Of Naira Under Buhari- A Pictorial Analysis by olapluto(m): 10:57am On Sep 11, 2015 |
Buhari- slow and steady. The graph says it all. Also, please note that GEJ lost the election in March, thus stopping the freefall of naira. 1 Like |
Re: State Of Naira Under Buhari- A Pictorial Analysis by Jadonaldson(m): 10:58am On Sep 11, 2015 |
Who's dis dude above me? It's ur 1 & only DKN Boss |
Re: State Of Naira Under Buhari- A Pictorial Analysis by Nobody: 10:58am On Sep 11, 2015 |
Sai Buhari PMB stabilizing Naira as promised during the electoral campaigns. Jonathan sef lalasticlala ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
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Re: State Of Naira Under Buhari- A Pictorial Analysis by merry02(m): 11:00am On Sep 11, 2015 |
Would this bring food to my table? Or provide job for unemployed youth? Or restore s the zenith workers sacked cos of economic meltdown, or 60 k youth that lost their job in engineering sector? Nonsense! 6 Likes |
Re: State Of Naira Under Buhari- A Pictorial Analysis by olapluto(m): 11:02am On Sep 11, 2015 |
SeverusSnape:The road to 1 naira to dollar starts by first stabilizing the naira. Buhari is doing this very well. merry02:Yes it will. What economic meltdown? 1 Like |
Re: State Of Naira Under Buhari- A Pictorial Analysis by Nobody: 11:04am On Sep 11, 2015 |
The artificial pricing of the naira with no corresponding supply by the CBN is not in any way a measure of a good economy. Take the stock market for example which has wiped off close to 3 trillion naira since may 29. That should give you a good indicator of where the economy is heading. 6 Likes 1 Share |
Re: State Of Naira Under Buhari- A Pictorial Analysis by Nobody: 11:06am On Sep 11, 2015 |
olapluto: Olodo. The stock market has seen close to 3 trillion naira value erased since May 29. 7 Likes |
Re: State Of Naira Under Buhari- A Pictorial Analysis by ERODEDEAST(f): 11:14am On Sep 11, 2015 |
merry02: Would this bring food to my table? Or provide job for unemployed youth? Or restore s the zenith workers sacked cos of economic meltdown, or 60 k youth that lost their job in engineering sector? Nonsense! |
Re: State Of Naira Under Buhari- A Pictorial Analysis by olapluto(m): 11:14am On Sep 11, 2015 |
WombRaiders:This is a comparative analysis my friend. Where was the economy heading under Jonathan? Buhari has quashed all the speculative indices and we are beginning to get a clearer picture of what the naira trully worths. 1 Like |
Re: State Of Naira Under Buhari- A Pictorial Analysis by Tankotanko: 11:21am On Sep 11, 2015 |
We are watching |
Re: State Of Naira Under Buhari- A Pictorial Analysis by baralatie(m): 11:26am On Sep 11, 2015 |
what you are comparing is practically not aligned! the naira is LITERARAILY BEING PEGGED AGAINST FALLING FURTHER which IS BEING ALLOWED TO FALL INITS ALTERNATE MARKET in a single regime and against aNAIRA CURRENCY reflecting its movement against other currencies in another regime! 1 Like |
Re: State Of Naira Under Buhari- A Pictorial Analysis by baralatie(m): 11:29am On Sep 11, 2015 |
olapluto:you don't know what your naira is worth.what you are seeing is forex price controls against further devaluation. 2 Likes |
Re: State Of Naira Under Buhari- A Pictorial Analysis by Ewizard(m): 11:34am On Sep 11, 2015 |
Diz mumu kari forex pishure cum dey yeye himself 4here.. Mtchew! 2 Likes |
Re: State Of Naira Under Buhari- A Pictorial Analysis by ibedun: 11:48am On Sep 11, 2015 |
baralatie: So please what would have done given the circumstances we are in? Would you sit back and watch your currency collapse? And almost instantly impoverish 90% if your countrymen and women? I want to understand your position before I rain causes on YOU or Emiefele & Buhari. |
Re: State Of Naira Under Buhari- A Pictorial Analysis by ibedun: 11:56am On Sep 11, 2015 |
WombRaiders: The Naira has found some stability after our policy makers have introduced speculator- unfriendly policies. If you say the Naira exchange rate is artificial, that logic suggests that the stock market depreciation is also artificial thus cancelling out the exchange loss. So no problem. By the way what do you attribute the stock market depreciation to? |
Re: State Of Naira Under Buhari- A Pictorial Analysis by hinwazaka: 11:57am On Sep 11, 2015 |
Everyone knows not to trust SW's with money. Even when their bank account is in the red, they will still borrow more to throw one more OWAMBE party. Hence this unintelligent thread. |
Re: State Of Naira Under Buhari- A Pictorial Analysis by lwise(m): 11:58am On Sep 11, 2015 |
Bubu is working ... [size=20pt]Lwise !!![/size] |
Re: State Of Naira Under Buhari- A Pictorial Analysis by ibedun: 12:02pm On Sep 11, 2015 |
hinwazaka: If the SE is so great with money and economy, why do they troop to the "Zoo" to survive? And particularly YORUBALAND? Why are the biggest and proudest traders and conmercial gurus unable to bring common development to their land? Just asking. 1 Like |
Re: State Of Naira Under Buhari- A Pictorial Analysis by DaBullIT(m): 12:03pm On Sep 11, 2015 |
And some people will still condemn this flat line which is always better than the tumbling downwards I bet one goat will come and ask when $1 will be #1 Nairal If it does happen , tell them you need to crawl before you can jog |
Re: State Of Naira Under Buhari- A Pictorial Analysis by baralatie(m): 12:07pm On Sep 11, 2015 |
ibedun:hahahahahaha! please forgive my laughter! it is early for anyone to go about rainning abusive words! like I said no one knows what the naira is worth but WE can Tell where it will go(whether good or bad)in relation to another currency I.e the dollar. Nigeria has The Naira but cannot use it to PAY for GOODS/SERVICES in the foreign markets.it has to be Done In the DOLLAR CURRENCY. So for Nigeria to do business(irrespective of who is in Nigeria).it must have DOLLAR EARNINGS AS CASH DEPOSITS. if Nigeria does not have DOLLARS.it means it is on its own and cannot do business or it will Borrow Dollars to pay with interests. OK let us now see where the problem is! 1,Nigeria has dollars mainly from oil 2,Nigeria buys its cars,clothes, petrol,generators and holidays with dollars 3,Nigerian govt collects its loan from abroad in dollars 4,Nigerian govt is spending money to build light,road,airport,blah,blah and the work is increasing then boom 5,Nigeria dollars reduce by half,oil money fall 6,everybody looking at each other looking for to blame and do nothing 7,CBN start blocking anything block able,leaves dollars for oil imports but every other import --- go find your own dollars 8,money investor see what is happening ,they step to one side 1 Like |
Re: State Of Naira Under Buhari- A Pictorial Analysis by ibedun: 12:21pm On Sep 11, 2015 |
baralatie: Thanks. In that case the government has correctly acted by doing No. 7 and stopping No. 2 & 3. How would I respond to No. 8? I will "YAKA" at the speculators and offer swaps to the true partner-in-development investors. 1 Like |
Re: State Of Naira Under Buhari- A Pictorial Analysis by baralatie(m): 12:24pm On Sep 11, 2015 |
DaBullIT:how long do you think the naira will hold against the pressure coming from all angles. Nigeria needs a good economic team! |
Re: State Of Naira Under Buhari- A Pictorial Analysis by WailingWailer00(m): 12:30pm On Sep 11, 2015 |
Buhari is a terrorist - El Rufai Muhammadu WILLiam Buhari |
Re: State Of Naira Under Buhari- A Pictorial Analysis by baralatie(m): 12:32pm On Sep 11, 2015 |
ibedun: aaarrghhh! I see after you have "yaka" to the speculators who have the dollars. how do you think multi billion dollar investor will now take you for or let me rephrase if you "yaka" them well,well!how do you say "eku abo,ina kwana,ibooola chi to the multi billion dollar investor where they are being told Nigeria is broke. 1 Like |
Re: State Of Naira Under Buhari- A Pictorial Analysis by ibedun: 12:51pm On Sep 11, 2015 |
baralatie: My guy.....there is a clear difference between speculators and investors. Please read up on this and come back later. Thanks by the way. |
Re: State Of Naira Under Buhari- A Pictorial Analysis by baralatie(m): 12:58pm On Sep 11, 2015 |
ibedun:investors are not coming because you are Nigeria.investors come because other investors are present good financials books about your economy. that means they are watching your govt and if it is inactive and not able to solve liquidity. well.....you want understand 1 Like |
Re: State Of Naira Under Buhari- A Pictorial Analysis by swtdrms(m): 1:03pm On Sep 11, 2015 |
merry02:Yes it will. The purchasing power of the naira in your pocket determines whether there'll be food on your table or not, and at what quantity and quality. So you better follow the news well. Same for provision for provision of jobs for unemployed youths, sacked workers etc |
Re: State Of Naira Under Buhari- A Pictorial Analysis by basilo101: 1:09pm On Sep 11, 2015 |
ibedun:this is stale already. Tell us why osun and oyo is deep debt afta u all paraded fake IGR |
Re: State Of Naira Under Buhari- A Pictorial Analysis by shut(f): 1:23pm On Sep 11, 2015 |
le's not beat the drum yet,got plenty of time |
Re: State Of Naira Under Buhari- A Pictorial Analysis by hinwazaka: 1:52pm On Sep 11, 2015 |
ibedun:It is that salient fact that makes them bankable. The jews, who are seen as shrewd and intelligent money managers only have a tenth of their population residing in Israel, their homeland. In fact, prior to the exodus back to their homeland in 1945-1949, it was even far less than that. The fact, that they have been able to make a successful business base, outside their home makes them more of a success than you. Hence the term LOCAL CHAMPION |
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