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Nairaland Forum / Nairaland / General / Politics / Senate Summons Emefiele To Explain N305 To 1$ (17912 Views)
Reps Want Adeosun, Emefiele To Resign / Emefiele To Senate: Nigeria’s Economy In Deep Crisis / Ifeanyi Ubah calls for Adeosun, Emefiele to resign (2) (3) (4)
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Re: Senate Summons Emefiele To Explain N305 To 1$ by daftpikin: 11:08am On Jan 15, 2016 |
please what is there to explain |
Re: Senate Summons Emefiele To Explain N305 To 1$ by VOICEOFJUSTICE: 11:09am On Jan 15, 2016 |
GOD BLESS 3 Likes
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Re: Senate Summons Emefiele To Explain N305 To 1$ by passionate88: 11:09am On Jan 15, 2016 |
These guys are idiots , they should invite the person that promised 1 naira to a dollar exchange rate and leave this innocent man alone. 1 Like |
Re: Senate Summons Emefiele To Explain N305 To 1$ by tonquendo4u(m): 11:14am On Jan 15, 2016 |
buzquet:Get small sense nah.Illiteracy don finish u |
Re: Senate Summons Emefiele To Explain N305 To 1$ by chernest2002: 11:16am On Jan 15, 2016 |
Buhari should have been appointed EFCC boss and not president of Nigeria because he have power without control. 1 Like |
Re: Senate Summons Emefiele To Explain N305 To 1$ by ajebuter(f): 11:19am On Jan 15, 2016 |
I remember in 1993 when Gbenga Adewusi released a poetic album titled: Babangida Must Go. One of his grudges then was because dollars was sold for N53 And his exact words were:N53 ,N53, N53 ni dollar Babangida, loju emi re! Aye re o ni dara: Babangida must go! Now N305 under Buhari? No comment. CC: Firefire 5 Likes 2 Shares |
Re: Senate Summons Emefiele To Explain N305 To 1$ by wirinet(m): 11:20am On Jan 15, 2016 |
ayusco85: Sacking Emefiele would not change anything. Soludo was able to "perform" because during his time oil was averaging $60 per barrel and we had huge foreign reserves and excess crude savings. Now we have low savings and low oil prices. At $30 per barrel Nigeria would not even be making up to $2 per barrel. Mind you the estimated cost of extracting Nigeria's crude is put ar $28 per barrel, so the Government and oil companies will share $2 per barrel. So unless everybody (including Federal, State and Local governments, private companies and individuals) sit up and work at reducing exports and produce and consume made in Nigeria products instead of blaming Buhari, then the Naira will continue its free fall. 1 Like 1 Share |
Re: Senate Summons Emefiele To Explain N305 To 1$ by Nobody: 11:21am On Jan 15, 2016 |
CBN gov have no blame except his refusal to resign honorably when it was obvious that buhari is still living in 1983. Emefele is confused as body language (which is an abstract nonsense) is what he is relying on. |
Re: Senate Summons Emefiele To Explain N305 To 1$ by banki(m): 11:22am On Jan 15, 2016 |
Pk001: As if emefile was super during GEJ...abeg calm down, You don't like PMB no wahala What solutions do you guys have now that oil prices have dropped? Nothing So what if he jails your thieving lords if that the only thing he achieves thank God |
Re: Senate Summons Emefiele To Explain N305 To 1$ by udumosam23(m): 11:23am On Jan 15, 2016 |
A beg who know as I go take dey export garri, yam or kernel or even bush meat? I've got to think of a service to render that will pay me in dollers. Any idea? |
Re: Senate Summons Emefiele To Explain N305 To 1$ by Nobody: 11:26am On Jan 15, 2016 |
udumosam23: What happened to naira. |
Re: Senate Summons Emefiele To Explain N305 To 1$ by Firefire(m): 11:27am On Jan 15, 2016 |
ajebuter: Instead of Buhary and APC to be proactive in their mandate they are further pushing Nigeria into more economic recession. I was quoting USD at N240 previously, Modath was objecting, now Dollar is N305. It's high time Buhary resigned, evidences shows he is 'Super Clueless' and cannot run a government in the 21st Century. Imagine directing all attention to "Arms probing" and the economy is nose diving. This government could be stone soon. APC, Party of career liars and professional rogues.
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Re: Senate Summons Emefiele To Explain N305 To 1$ by wirinet(m): 11:27am On Jan 15, 2016 |
shala01: Istead of hating on Buhari, why not bring out that your brilliant suggestion to help revive the economy. The way you talk, you seem more billiant than Emefiele. |
Re: Senate Summons Emefiele To Explain N305 To 1$ by Okeikpu(m): 11:28am On Jan 15, 2016 |
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Re: Senate Summons Emefiele To Explain N305 To 1$ by Nobody: 11:29am On Jan 15, 2016 |
the senate should write a letter to buhari instead of this folly of cutting corners |
Re: Senate Summons Emefiele To Explain N305 To 1$ by Louislewis: 11:33am On Jan 15, 2016 |
[size=18pt]It is totally and purely wrong to be using the word "APPRECIATES" now with the level of exchange rate at which dollar is to naira. Our naira has totally depreciated. Let us face the facts and stop deceiving the mass with the word "APPRECIATES". The problem we are facing today, is purely caused by the policy of this new government. The forceful withdrawal of dollars from being in circulation by the CBN policy, whereby majority are seeking for fewer dollars in circulation is the reason for this nonsense exchange rate. It is just like a situation where many people are chasing fewer goods.[/size] |
Re: Senate Summons Emefiele To Explain N305 To 1$ by menacetosociety: 11:35am On Jan 15, 2016 |
ShowYourCertificate:Dumb illiterate |
Re: Senate Summons Emefiele To Explain N305 To 1$ by PBundles(m): 11:35am On Jan 15, 2016 |
Wait ......Let me get this straight. The Senate, the NIGERIAN SENATE is asking why the country is in economic turmoil Thats like the leader of ISIS asking the UN: Why cant our members get visa free travel to all countries, thats discrimination, did we do something wrong, why is the world angry with us, did we do something wrong 1 Like |
Re: Senate Summons Emefiele To Explain N305 To 1$ by InyinyaAgbaOku(m): 11:36am On Jan 15, 2016 |
wirinet:and whatvis buhari doing to diversify the economy ? |
Re: Senate Summons Emefiele To Explain N305 To 1$ by menacetosociety: 11:36am On Jan 15, 2016 |
dunkem21:This Muppet is even happy 1 Like |
Re: Senate Summons Emefiele To Explain N305 To 1$ by 3rdlegxxx(m): 11:37am On Jan 15, 2016 |
tsdarkside: Thanks for explaining to all the dullards here whose most reasonable understanding of the issue at hand is huhari is dull, the head is bad, he promise this now this, it is buharis faulty, sometimes i wonder just how much education does the average Nigeria have, because all i see and read on social media is just low level intelligence being spewed out, strong countries are also being affected buy the drop and you are all here shouting it is huharis fault, it is buhari that told us to over depend on oil abi or share our dollars from the reserves to the politicians running things even before he got there, stop posting dumb comments and embarrassing the Nigerian name, people from other countries visit thread and read topics and imagine reading 80% of comments blaming the president, it would seem so absurd. 2 Likes |
Re: Senate Summons Emefiele To Explain N305 To 1$ by Nobody: 11:38am On Jan 15, 2016 |
wirinet:God forbide that I should hate on my president! The truth is the president is dull and brainless. What is the use of peging the official rate at !97 yet business men can not get it? Pegging dollard at 197 or os is buhari doing and emefiele is struggling to work with what buhari want |
Re: Senate Summons Emefiele To Explain N305 To 1$ by wirinet(m): 11:39am On Jan 15, 2016 |
udumosam23: My brother, that is the spirit. You should think of what to export to earn dollars. Better still, you can think of making some imported products that Nigerians currently love to consume and sell it locally, it is called import subtitution. My brothers from the east should even be happy with the exchange rate, since they said they are highly industrious, they should start setting up industries to reduce imports. |
Re: Senate Summons Emefiele To Explain N305 To 1$ by Elxandre(m): 11:41am On Jan 15, 2016 |
tsdarkside:How is it our fault that Nigerian goods are substandard? You can't get quality jeans, shoes, phones etc and you blame us for purchasing foreign goods abi? 1 Like |
Re: Senate Summons Emefiele To Explain N305 To 1$ by dignity33: 11:42am On Jan 15, 2016 |
Pray that Nigeria woun't become the next Zimbabwe. |
Re: Senate Summons Emefiele To Explain N305 To 1$ by wirinet(m): 11:44am On Jan 15, 2016 |
shala01:Then every president and public officer in Nigeria is dull and brainless and you are the only brainful person in Nigeria. Since the creation of the Niara, it had NEVER been left to float on the open market, it had always been pegged. There had alway been an official market and a parrallel black market. Before now the government had enough dollars to flood the market and try to bridge the gap between parrallel and official rates. Now the CBN do not have the dollars to support the naira and so the gap between the official and parrallel markets is widening. |
Re: Senate Summons Emefiele To Explain N305 To 1$ by CharlyNick: 11:44am On Jan 15, 2016 |
Na now their eyes clear? They should have waited till it got to 500/$. |
Re: Senate Summons Emefiele To Explain N305 To 1$ by dokunbam(m): 11:45am On Jan 15, 2016 |
saintopus: |
Re: Senate Summons Emefiele To Explain N305 To 1$ by 3rdlegxxx(m): 11:46am On Jan 15, 2016 |
shala01: Are you serious? Please educate me on how it is Buharis fault and please in details, explain the drop in oil prized worldwide, explain the our reserves and explain all in detail, i really wish to learn from you. |
Re: Senate Summons Emefiele To Explain N305 To 1$ by samofson: 11:49am On Jan 15, 2016 |
Let's look at this from a different angle, instead of trying to look for ways to strengthen the naira why don't we invest in our local manufacturing and production of goods? Cheaper naira means our locally made products would be cheaper to export. We would be able to compete with the cheaper Chinese or Indian products because foreign investor or traders would need less dollar for our produce thereby increasing our sales and output. Also while focusing on home made production and service, we should also encourage some foreign investors to set up shop in nigeria due to the low naira. I think we should be focusing on revamping our industries and agricultural sector instead of trying to sort out what really we have no power to control at the moment. Necessity is the mother of invention. They should be a big push in infrastructure building and industry.This is where our main focus should be. 1 Like |
Re: Senate Summons Emefiele To Explain N305 To 1$ by joystickextend1(m): 11:49am On Jan 15, 2016 |
ta4ba3: india is not that better i guess |
Re: Senate Summons Emefiele To Explain N305 To 1$ by ayusco85(m): 11:51am On Jan 15, 2016 |
wirinet: U ve a point. But how many Nigerians knw that? |
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