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Nairaland Forum / Nairaland / General / Business / The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing (17639 Views)
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Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by desmond2pk: 8:01am On May 08, 2016 |
Meanwhile, the economy has almost gone to the point of no return |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by omooba969(m): 8:03am On May 08, 2016 |
grandstar: @bolded, Abeg dissect ur grammar make I understand you biko. ![]() 1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by AreaFada2: 8:03am On May 08, 2016 |
Quakertellicus1: It was the CBN guy who raised the stakes saying Naira will be stronger as soon as budget is signed. He did not say after 24 hours or 4 months. So individuals can take it as they think soon enough. And rightly so. Govt spending money it does not have doesn't make the currency stronger. Draconian policies also don't. Liquidating dollar savings means the govt cannot be trusted to protect your money, whatever currency it is legally saved in. Creating jobs, innovation, enabling business environment, diversified economy, increased FDI and a strong and independent judiciary do. 1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by omooba969(m): 8:04am On May 08, 2016 |
desmond2pk: Do you mean 'Evil forest'? ![]() |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by Nobody: 8:06am On May 08, 2016 |
veekid:Explain |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by 989900: 8:07am On May 08, 2016 |
grandstar: That's exactly the point. That is why you can't have people 'warehousing' billions of dollars with banks with inadequate CRR and assets to keep such funds. P.S. You, you know nothing, I read some of your comments . . . and I will be severely 'shortchanging' myself to have this kinda convo with you. 1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by omooba969(m): 8:08am On May 08, 2016 |
Lexusgs430: @bolded, Can't you see Naira dancing sekem towards #400 - $1 ? ![]() 1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by Lexusgs430: 8:10am On May 08, 2016 |
omooba969: It is already dancing at £1 - N460 ![]() ![]() ![]() |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by lastpage: 8:10am On May 08, 2016 |
Immarshall: Thank you jare! these " #Wailing nay-sayers" will just find an opportunity to "same something" ............. even if it is profoundly silly! ![]() ![]() Bookmark this thread and compare the value of Naira today, to about six months time. ![]() Lastpage! 3 Likes |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by Nusaf: 8:11am On May 08, 2016 |
divineappo:Pls what is it if not the market forces? |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by Nobody: 8:12am On May 08, 2016 |
Don't restrict foréx and import as far as you also export crude oil. |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by omooba969(m): 8:12am On May 08, 2016 |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by lastpage: 8:15am On May 08, 2016 |
AreaFada2: True Dat! Its just a function of whether they are intelligent individuals or mere simpletons masquerading as intellectuals. ![]() ![]() ![]() Lastpage! 1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by Henryadaku(m): 8:15am On May 08, 2016 |
vivalavida: And you re ![]() 1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by AreaFada2: 8:16am On May 08, 2016 |
helpee:So you think just anyone posting must know what they are talking about? Even release of employment figures in USA, Germany, UK, Japan, etc can wipe currency traders on the floor or make them big bucks within minutes. Here, the release of a long awaited "messianic" budget only caused a slight fall in Naira value. Maybe the parrot taking news of budget signing to the markets is flying on its way. ![]() ![]() 1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by omooba969(m): 8:17am On May 08, 2016 |
lastpage: @bolded, And what will likely happen in 6months time, may I have your prediction please? ![]() You must be reading the situation from the last page bro. ![]() |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by nefertitiram: 8:17am On May 08, 2016 |
martdap12: Bros! I don't understand o! Tomatoes just took a hike out of Nigeria. I'm using peppersoup to eat rice henceforth 1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by Mustay(m): 8:18am On May 08, 2016 |
Immarshall: Is it even up to a working day sef, less talk about 3 days (today being Sunday) ![]() Someone was writing about Economics and reaction of market forces, I jus laff. 4 Likes |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by Lexusgs430: 8:20am On May 08, 2016 |
omooba969: This is the time to earn in £ and spend in N 1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by omooba969(m): 8:22am On May 08, 2016 |
1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by menxer: 8:28am On May 08, 2016 |
OLADD: Those economies you are comparing us with, do they reason like us? Do we share their level of patriotic zeal? Take a cursory look at some of the comments here, are there not self destructive? We shouldn't allow political sentiments/frustration of the past to cloud our national vision for the future. 1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by defash8: 8:49am On May 08, 2016 |
The writer is right, at least Naira suppose to react to either positive or negative news, temporary or permanent. |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by OLADD: 8:56am On May 08, 2016 |
menxer: 0 |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by OLADD: 9:06am On May 08, 2016 |
menxer: Patriotism seed only thrives on a ground that's enriched with manures of justice, fairness,sincerity of purpose, inclusiveness and upholding basic tenets of democracy. But this administration, going by its selective judgment and persecution, vindictiveness, economic and political missteps, policy summersaults etc has not encouraged many citizens to believe in Nigeria's future. That's the truth unless we just want to continue with the voyage of pretence which we have always embarked on since 1960. 1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by obontami: 9:16am On May 08, 2016 |
Lattop:Ogbeni rora ![]() |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by miky(m): 9:54am On May 08, 2016 |
Lol naira need Viagra |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by Checked86: 10:18am On May 08, 2016 |
M4gunners: |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by Checked86: 10:19am On May 08, 2016 |
M4gunners:my friend went to one state to see his girlfriend, and decided to stroll with girlfriend when she wanted to buy tomatoes and other food stuff. As a man, he decided to foot the bills but when the tomato seller called the price, my friend thought his girlfriend and tomato seller had made plan to dupe him. He paid the bills but when he came back, the first thing he asked my sister was the price of tomatoes. It was after that that my guy cool down and shouted CHANGE! 1 Like |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by menxer: 10:48am On May 08, 2016 |
OLADD: All you listed didn't start with this administration, except holding people to account aka persecution. If previous administrations had held their predecessors to account the issue of "persecution" would not be seen as such. |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by Nobody: 11:07am On May 08, 2016 |
obontami: Ikpa ![]() ![]() |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by Kingspin(m): 1:49pm On May 08, 2016 |
Immarshall:Budget is different from good living or implementation. Beautiful budget is not fine houses, roads, light etc. |
Re: The Nigerian Naira Failed To Respond To The Euphoria That Came With The Signing by amicable09(f): 2:15pm On May 08, 2016 |
Dahveydson:Lol. Your mouth ehn! Why evuls? |
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