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Nairaland Forum / Nairaland / General / Business / Speculators Get Burnt As Naira Gains Value (63921 Views)
Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$(2016) / As Naira Gains, Neighbouring Countries Ease Rush For Nigerian Goods / Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ (2) (3) (4)
Speculators Get Burnt As Naira Gains Value by amsad19(m): 6:48am On Feb 29, 2016 |
There are strong indications that the efforts of the Central Bank of Nigeria (CBN) to stabilise the naira may have started yielding the expected results. http://leadership.ng/blogposts/505219/speculators-get-burnt-naira-gains-value 6 Likes |
Re: Speculators Get Burnt As Naira Gains Value by Nobody: 6:52am On Feb 29, 2016 |
[size=15pt] Okay for anyone who cares to check www.cenbank.org/ I for one is still sceptical about the stability of oil price but really for any right thinking NL'nder these figures are not bad 1$ : #197 Oil : $32.89 Inflation : 9.62 8miilion dollar increase external reserve. Although this means nothing if can't be sustained. The tricks working here are just 1. transparency 2. Policy sustenance 3. On-time Information No hassle no tussle. Way to go on Agriculture sha . [/size] 138 Likes 7 Shares |
Re: Speculators Get Burnt As Naira Gains Value by nonstan(m): 6:54am On Feb 29, 2016 |
Let me book space 2 Likes 2 Shares |
Re: Speculators Get Burnt As Naira Gains Value by AdeniyiA(m): 7:01am On Feb 29, 2016 |
Everybody seems to extort in Nigeria, government, PHCN, Market women, petroleum marketers, BDC operators, pure water sellers, bread sellers, transporters.... and the list goes on the poor are in trouble. May fire from heaven burn them and not just currency fire... nonsense 40 Likes 2 Shares |
Re: Speculators Get Burnt As Naira Gains Value by excellencyabia1: 7:10am On Feb 29, 2016 |
we need more of improvement. if you enter any market to buy any thing even the ones that has nothing to do with dollar will increase the price and tag it dollar increase. #nigerianslookingforopportunity 14 Likes 1 Share |
Re: Speculators Get Burnt As Naira Gains Value by weezii(m): 7:14am On Feb 29, 2016 |
Even the price of okpa has increased. Dunno if it's the nylon or the beans used to make it can't be found in Nigeria too or just the sellers that hiked the price. 12 Likes 1 Share |
Re: Speculators Get Burnt As Naira Gains Value by Elzends(m): 9:44am On Feb 29, 2016 |
From N350 per dollar to N315, is that the increase? Mke i baff dey go class 16 Likes |
Re: Speculators Get Burnt As Naira Gains Value by Burger01(m): 9:44am On Feb 29, 2016 |
Time to offload those green Benjamins Nigeria is getting it right gradually.. Haters can hang 21 Likes |
Re: Speculators Get Burnt As Naira Gains Value by anonimi: 9:45am On Feb 29, 2016 |
Speculators be ready to even burn more I will make naira equal in value to dollar – Buhari 13 Likes 7 Shares |
Re: Speculators Get Burnt As Naira Gains Value by KELVIN086: 9:45am On Feb 29, 2016 |
This na old news na 2 Likes 1 Share |
Re: Speculators Get Burnt As Naira Gains Value by zuchyblink(m): 9:45am On Feb 29, 2016 |
celebrating mediocrity 8 Likes 1 Share |
Re: Speculators Get Burnt As Naira Gains Value by Nobody: 9:45am On Feb 29, 2016 |
where phinshur? |
Re: Speculators Get Burnt As Naira Gains Value by CallMeNJay: 9:46am On Feb 29, 2016 |
1$ -#1 5 Likes 1 Share |
Re: Speculators Get Burnt As Naira Gains Value by Nobody: 9:46am On Feb 29, 2016 |
I don't understand the thread !! 1 Like |
Re: Speculators Get Burnt As Naira Gains Value by snika: 9:46am On Feb 29, 2016 |
This is nonsense. Buhari pleaded to make $1 = N1 5 Likes 1 Share |
Re: Speculators Get Burnt As Naira Gains Value by tubouncen(m): 9:46am On Feb 29, 2016 |
ajayi01ibrahim: How has it help an average Nigerian? 5 Likes |
Re: Speculators Get Burnt As Naira Gains Value by Adesiji77: 9:47am On Feb 29, 2016 |
N200/$1 2 Likes |
Re: Speculators Get Burnt As Naira Gains Value by Nobody: 9:48am On Feb 29, 2016 |
ajayi01ibrahim: |
Re: Speculators Get Burnt As Naira Gains Value by WASMOG(m): 9:48am On Feb 29, 2016 |
Too long story, but all I know is that this is a good news 3 Likes |
Re: Speculators Get Burnt As Naira Gains Value by kennyman2000(m): 9:48am On Feb 29, 2016 |
Hmmmmm |
Re: Speculators Get Burnt As Naira Gains Value by Last2comment(m): 9:48am On Feb 29, 2016 |
Re: Speculators Get Burnt As Naira Gains Value by Pavore9: 9:48am On Feb 29, 2016 |
Cautiously observing. |
Re: Speculators Get Burnt As Naira Gains Value by sanandreas(m): 9:48am On Feb 29, 2016 |
We have a long way to go. 1 Like |
Re: Speculators Get Burnt As Naira Gains Value by Ptoocool(m): 9:48am On Feb 29, 2016 |
Ehn ehn, now we can blame this heat on something else. Maybe on Dullar_dinho. 1 Like 1 Share |
Re: Speculators Get Burnt As Naira Gains Value by boboLIL(m): 9:48am On Feb 29, 2016 |
Odi nma |
Re: Speculators Get Burnt As Naira Gains Value by Our5k(m): 9:49am On Feb 29, 2016 |
When will Buhari make N1 = $1 like he promised? 5 Likes 2 Shares |
Re: Speculators Get Burnt As Naira Gains Value by aleege: 9:50am On Feb 29, 2016 |
That is d problem in Nigeria we always exalt evil over good 3 Likes 1 Share |
Re: Speculators Get Burnt As Naira Gains Value by InvertedHammer: 9:50am On Feb 29, 2016 |
/ Next target is N400 - N500. CBN move is unsustainable. The FG does not have enough reserves to prop up naira. This is a temporary relief. Nigeria's foreign reserves is about $29bn. Russia had about $400b and used $76b to prop up the rubble in 2014. Yet the rubble fell to all times low after all the efforts. The prayer should be that the George Soros of this world will stay away from the naira saga. George Soros? Yes! The man that broke the Bank of England by trading against the British pound until the fat lady sang. In 1992, he sat on pound sterling and made $1b from the heist. / 6 Likes 1 Share |
Re: Speculators Get Burnt As Naira Gains Value by opytom(m): 9:50am On Feb 29, 2016 |
This is nt the gud news we want to hear, we r expecting something better.... bring naira to at least #200 to $1. 1 Like 2 Shares |
Re: Speculators Get Burnt As Naira Gains Value by falseman(m): 9:50am On Feb 29, 2016 |
*Yawns* |
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