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Nairaland Forum / Nairaland / General / Business / FG To Re-evaluate Foreign Exchange Policy – Osinbajo (21308 Views)
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FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Truth234(m): 1:07am On May 12, 2016 |
Vice President Yemi Osinbajo has said the country is substantially re-evaluating its foreign exchange policy, adding that a flexible approach should be expected soon. http://www.punchng.com/flexible-forex-policy-coming-osinbajo/ 3 Likes 1 Share
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Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by worksmart(m): 1:29am On May 12, 2016 |
Lie lie ! Osinbajo can not announce devaluation consideration. Any way this story is from unknown source. I don land FTC ![]() Anyway check my signature: 10 Likes 3 Shares |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Truth234(m): 1:39am On May 12, 2016 |
worksmart: Please next time endeavor to google a bit Financial Time U.S. http://www.ft.com/fastft/2016/05/11/nigeria-should-re-evaluate-fx-policy-osinbajo/ Bloomberg U.S. http://www.bloomberg.com/news/articles/2016-05-11/nigeria-should-mull-devaluation-in-forex-policy-review-says-vp 15 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by WhoRUDeceiving: 1:49am On May 12, 2016 |
These guys don't have any plan except to continue to enslave a bunch of Africans for the benefit of their former (and current) colonial masters 28 Likes 1 Share |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by worksmart(m): 2:03am On May 12, 2016 |
Two sources you just given are known for negative and inaccurate reports on Nigeria's economy. Take this story with a generous pinch of salt. If this potential policy u-turn was credible, it would be also reported in Nigerian press and news media. Truth234: 2 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by okuneddie(m): 2:08am On May 12, 2016 |
.I pray they do so..... meanwhile.... One day, I came back home late in the night. DAD: Where are you coming from? ME: I was at my friend's house. DAD: Okay... Right there and then, my dad called ten of my friends. 4 of them said I was still in their house. 2 said I just left their house. 3 even went as far as saying, "Let me give him the phone..." 24 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Truth234(m): 2:38am On May 12, 2016 |
worksmart: Is you that is giving inaccurate assertion of your government. Punch Nigeria http://punchng.com/flexible-forex-policy-coming-osinbajo/ 13 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Scholes007(m): 3:10am On May 12, 2016 |
Stinking trial and error govt. It is about time people realize that alot of mistake was made in voting in buhari, we just turned the hands of clock 20-30 years back. 56 Likes 2 Shares |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by gud4dbest(m): 3:59am On May 12, 2016 |
Cluelessness is contagious! 9 Likes 1 Share |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by newbornmacho(m): 4:22am On May 12, 2016 |
Buhari's limited education is the greatest cog in the wheel of Nigeria's progress...coupled with his stubbornness we have a master plan for failure. After passing 170 million people through avoidable setback he is now ready to do the simplest things ...why is he sending the VP? Why not tell the foreign media in his usual arrogant manner? 42 Likes 3 Shares |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by 989900: 4:34am On May 12, 2016 |
Devalue the Naira, increase pump price, remember to increase wages appropriately too. Hello inflation . . . 11 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Babacele: 4:45am On May 12, 2016 |
Scholes007:una wey dey there for 16 years wetin b una achievement? refinery no work, no light, roads na death row, employment sef na after paying on earth na to go collect for heaven a la Moro, money wey we sell from oil una steal, una no dey shame? Trial and error beta pass wicked thievery! 19 Likes 3 Shares |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Jirate(m): 4:47am On May 12, 2016 |
gud4dbest:And deadly, we no longer hear from a lot of people, they are probably still wondering how on earth they were all fooled by APC. 11 Likes 1 Share
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Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Babacele: 4:50am On May 12, 2016 |
989900:hmmm |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Jirate(m): 5:00am On May 12, 2016 |
Babacele: 22 Likes 2 Shares
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Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Pidggin(f): 5:47am On May 12, 2016 |
Test-run government 13 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Pidggin(f): 5:50am On May 12, 2016 |
Babacele: See lie, for 16 years, na heaven we dey; light, good roads, cheap commodities, jobs, fuel @N87, Petrol na drive in and buy, we had it all, but una change mantra deceive SW and North. Where is the change? 27 Likes 2 Shares |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by omenka(m): 6:14am On May 12, 2016 |
Babacele:Those miscreants have such dangerously short memory. ![]() 7 Likes 2 Shares |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Nobody: 6:46am On May 12, 2016 |
Sai Buhari. Official : N245 Parallel: N290 2 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by worksmart(m): 6:58am On May 12, 2016 |
Of course there are Nigerian newspapers that plagiarise the garbage that the clowns at bloomberg are writing. Even the story does not say definitely that devaluation and foreign exchange policy would be reviewed. Truth234: |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by OlujobaSamuel: 7:06am On May 12, 2016 |
Truth234:you sef? you sha wan give am no hiding place. nice one for your kind response to him. I just see another of his rant, mbok, no answer am again. you don try. 4 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Scholes007(m): 7:37am On May 12, 2016 |
Babacele:Anytime wey person talk abt buhari you go run go 16years. But last time i check *the small electricty/it's distribution line wey you and me dey argue on every day wasn't like it is now b4 the last 16 years. * some of the express road/distribution roads you probabily ride on and make mouth with was not done before 16years and the list goes on and on. I am not in anyway saying these people are saints but your saints should stop summing up 16 years /8years money, calling it scam and then tagging it on people to open up an unnecessary gate. It is not an epitome of good governance. Buhari should not fail else the little image he has will be battered severely... Let him shield his sycophants they are getting too many and useless. 13 Likes 2 Shares |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by ASL33: 7:49am On May 12, 2016 |
Babacele:Your first line sounds like you have accepted the failure already. 13 Likes 1 Share |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Babacele: 7:58am On May 12, 2016 |
Scholes007:until after 4 years of PMB 's repairing wetin una spoil.....anytime una dey talk now na from an insincere and unrepentant heart....so we should wished the wasted 16 years away? naaaa 2 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Babacele: 8:02am On May 12, 2016 |
Pidggin:and that is why Nigerians that voted for GEJ in 2011 not voted him and PDP out in 2015? dey deceive unasef! until after 4 years before PMB go get time to listen to any genuine wailing.. 3 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Abagworo(m): 8:03am On May 12, 2016 |
worksmart: I expected a liberalization of currency market pretty soon. It will not come as a surprise. 1 Like |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by seunmsg(m): 8:23am On May 12, 2016 |
With the complete removal of fuel subsidy, there is no point keeping the naira at the current official rate. Devaluation will help to bridge the gap between the official and parallel market rate and hence, the pump price may still come down lower than N145. Government also must seriously consider increasing minimum wage immediately. Maintaining the current minimum wage in the face of the current development is criminal and unacceptable. 3 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by NavierStokes(m): 8:31am On May 12, 2016 |
seunmsg: So after all said and done the so called "wailers" plus IMF and the west have a point. So much for intransigence of our supreme leader. 18 Likes 2 Shares |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Hengineer: 8:38am On May 12, 2016 |
If this report has any truth in it, then it means the western powers have successfully armtwisted and blackmailed Nigeria into the devaluation trap. Chaiii! I suspected this was going to happen after the deregulation of fuel prices. Seeing that the pegging of prices havent worked after a year, hopefully a total devaluation (allowing prices to float according to demand and supply) would come with some economic benefits. But only God knows the kind of inflationary effect this would bring. I pity those with fixed income. ![]() ![]() 4 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Scholes007(m): 8:55am On May 12, 2016 |
Babacele:repair? Huhu what is he (mr. Buhari) repairing? He should continue especially from where the last administration stop. Whether you like it or not last two administrations started the repair/re-branding of Nigeria, all the current govt need do is to continue. Never mind all these gates EFCC open here and there, these are the total sum of money used. Example of what they do is #100 was used to repair refinery, and the contract spread 5years, they will sum the money up even the yet to be paid and tag it ...gate. Believe me that is not good for good governance. 6 Likes |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Babacele: 11:28am On May 12, 2016 |
Scholes007:hear yourself .....we should continue corruption? we disregard FFK new confession that he never knew the N840m given to him for GEJ's recampagin is stolen from the public purse? we should continue una inability to make refinery work for 16 years? we should continue una inability to give us light despite heavy spending for 16 years? we should forget because we don't think like una abi? una go wail tire ooo! 1 Like 1 Share |
Re: FG To Re-evaluate Foreign Exchange Policy – Osinbajo by Adesiji77: 11:57am On May 12, 2016 |
From deregulation to devaluation... http://www.punchng.com/flexible-forex-policy-coming-osinbajo/ Cc: lalasticlala, dominique, Mynd44 |
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