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Nairaland Forum / Nairaland / General / Business / Naira Finally Devalued To N290/$ By Buhari (26503 Views)
Is Naira Finally Gaining Value? / Naira Finally Improves At The Interbank Rate / Naira Finally Devalued By CBN (2) (3) (4)
Naira Finally Devalued To N290/$ By Buhari by hardywaltz(m): 7:26pm On May 13, 2016 |
Buhari Bows To IMF Pressure, To Devalue Naira 290 To Dollar.. http://saharareporters.com/2016/05/13/buhari-bows-imf-pressure-devalue-naira-290-dollar 3 Likes 2 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by Nobody: 7:28pm On May 13, 2016 |
This buhari has no single truth in his mouth! Tufiakwa!old man lying p and down. 130 Likes 7 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by emamos: 7:35pm On May 13, 2016 |
It is well 4 Likes |
Re: Naira Finally Devalued To N290/$ By Buhari by deboysben(m): 7:44pm On May 13, 2016 |
buhari is a dullard. 2015 60 Likes 2 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by Standing5(m): 7:47pm On May 13, 2016 |
The IB Jona should be learning something now. 1 Like |
Re: Naira Finally Devalued To N290/$ By Buhari by oduastates: 7:50pm On May 13, 2016 |
Today's worst news. These same people are the main reasons why obj saved the Excess Crude and built up the foreign exchange. A patriotic act. Obj called their bluffs time and time over again. You are not independent country if you are a perpetual or chronic debtor. The IMF is controlled by powerful American investment banks. Those banks are only interested in making money by any means possible. After lending you the money, they will look for ways to make you pay over and over again. I am sure the IMF wants the exchange rate to float freely. What Nigerian unpatriotic quacks say will happen Everything will normalise after borrowing from the IMF and devaluing the naira What will actually happen The political thieves,foreigners,foreign firms and wealthy Nigerians with naira trapped in the Nigerian economy will convert their naira to dollars and shipped them out. (The same thing happened in Greece.) The money borrowed ends up not providing any benefit to the country. In the meantime The Nigerian debt has becomes larger. Now I expect the parallel market to devalue further in order to maintain their margin. That is, if they've not done so already. While I predicted the list directly below when Jonathan was squandering the country's resources, it is very important that Buhari rejigs is team, reorder his budget and rethink policy to deliver better services delivery as quickly as possible. (E.g step can be taken to reduce 25% of Nigerian fuel consumption in Lagos and the bloated and corrupt budget of the national assembly ) Emphasis on quickly. Runaway Inflation Civil servants strikes for more salaries More inflation More hardship for non civil servants. Interest rates will go up. The Nigerian economy is bedevilled by evil spirits( Nigerians). The only places where the economy works are in poor autonomous or isolated villages where 1 prices are not set arbitrarily. 2 the laws of demand and supply actually works. 3 The value of the naira is governed by it's purchasing power and not the foreign exchange value. 4 inflation is low (local goods). 26 Likes 2 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by otokx(m): 7:51pm On May 13, 2016 |
why $290? let them make it $419. 21 Likes |
Re: Naira Finally Devalued To N290/$ By Buhari by Ohammadike: 7:51pm On May 13, 2016 |
I created a this thread two hours ago and somebody moved it to business section https://www.nairaland.com/3103520/nigeria-devalues-naira-Sahara-reporters 3 Likes |
Re: Naira Finally Devalued To N290/$ By Buhari by neocortex: 7:52pm On May 13, 2016 |
What! |
Re: Naira Finally Devalued To N290/$ By Buhari by Nobody: 7:55pm On May 13, 2016 |
ok |
Re: Naira Finally Devalued To N290/$ By Buhari by Dreambeat: 7:56pm On May 13, 2016 |
Spiralling effect,increase in prices of goods and services,workers will demand for increase in salary and wages.Brace up Nigerians. 6 Likes 1 Share |
Re: Naira Finally Devalued To N290/$ By Buhari by freeze001(f): 7:57pm On May 13, 2016 |
Anybody that associates Buhari and his handlers in the APC with an iota of integrity, sincerity or intelligence will develop cancerous boils in the most sensitive parts of their body. After running amok claiming he has to be convinced what has now convinced him? Useless old coot! 65 Likes 2 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by Davbams(m): 7:59pm On May 13, 2016 |
Like someone said earlier. It seems the APC has dumb analysts cos almost all their campaign promises & policies back then seem to be backfiring. They r finding it difficult to make good on their promises. Smh. 47 Likes 4 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by 222Martins(m): 8:10pm On May 13, 2016 |
E Don Happen Oh!!!!!!!! Rain or Sun, Subsidy or Devaluation; I am making money this year. Who's with me? ![]() ![]() ![]() ![]() ![]() 102 Likes 8 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by Pidggin(f): 8:12pm On May 13, 2016 |
Buhari is a scammer ![]() 36 Likes 2 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by malton: 8:13pm On May 13, 2016 |
What manner of people do we have in this country? What good is devaluation to the ordinary Nigerian on the street? Someone did his best, held on for so long and threw everything at it to give the little change in your pockets some value, yet you turn around and mock him for trying so hard to defend you. It's the kind of thing that makes you think that some people deserve everything coming their way! See them rejoicing and casting aspersions as though to imply that this butters their bread in some way. Go with it, just don't come back here later to complain about just how hard life has been for you and your folks owing to this! As for me, I hand him a trophy for trying! 14 Likes |
Re: Naira Finally Devalued To N290/$ By Buhari by Pidggin(f): 8:14pm On May 13, 2016 |
tuale4u:. Hehehehe how life? You supported his stance against devaluation, what is your take on this? ![]() 13 Likes 2 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by luvinhubby(m): 8:14pm On May 13, 2016 |
When we told these people that Buhari is dumb & that APC is a political fraud, they called us 'haters', 'wailers' & 'IPOB yoots', today every campaign lie has been denied & Buhari is going back to everything we told him and was called names for. APC are scammisters. 53 Likes 4 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by 49cents(m): 8:15pm On May 13, 2016 |
Buhari thought he was intelligent and now he has seen that he isnt 22 Likes |
Re: Naira Finally Devalued To N290/$ By Buhari by luvinhubby(m): 8:19pm On May 13, 2016 |
tuale4u: For what? 6 Likes 1 Share |
Re: Naira Finally Devalued To N290/$ By Buhari by LoveMachine(m): 8:23pm On May 13, 2016 |
1 step forward 2 back. They tried I guess... 3 Likes |
Re: Naira Finally Devalued To N290/$ By Buhari by duality(m): 8:41pm On May 13, 2016 |
The problem is That those who blame everyone except Buhari and insulted Ibb for IMF loan will come and spin this one without objectivity. 17 Likes 1 Share |
Re: Naira Finally Devalued To N290/$ By Buhari by Brainaic(m): 8:49pm On May 13, 2016 |
Is this not the same people that were spitting blood that they will never devalue the naira? And someone will still address Buhari as a man of integrity. This Government keeps on disgracing itself. One step forward, several steps backward. Watch out as all those people that were defending the Presidency's stand on devaluation begin to make excuses and explain to us why this is the best decision ever made! 49 Likes 2 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by MasterofNL: 9:03pm On May 13, 2016 |
Buhari! Buhari!! Buhari!!! Cc Beremx, Gbawe, Omenka, Obiagelli, Ngeneukwuenu, Urennankoli, Passingshot, Obailala, Dropshot. 12 Likes |
Re: Naira Finally Devalued To N290/$ By Buhari by Oblitz(m): 9:06pm On May 13, 2016 |
. |
Re: Naira Finally Devalued To N290/$ By Buhari by drss(m): 9:08pm On May 13, 2016 |
hahahhahahahahahahahahhaha do dis today, change am tomorow. say one tin today, deny am tomorow. do dis today, rearange am tomorow. wetin be dis ![]() well, ones again, wailers n imf have been vindicated. only a madman like buari go talk say him no go devalue an already devalued naira. so much for ''I will make N1 ekual to $1''. ![]() clearly buari dullard na comfirm economic illitrate. na so d guy just dey experiment on 170 million nigerians with ancient daura fura danono economics. na so him just dey flip-flop forward n backward with failed policies for petroluem sector. imagine after all d hardship n suffering him impose on pipul n students abroad cos of him refusal to devalue d naira, na now him wan devalue naira wen d damage has already been don ![]() ![]() where dem chronic zombies wey talk say nigeria no need imf loan ![]() ![]() dis administration no get anitin to offer except trial n error. 34 Likes 3 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by jmichlins(m): 9:09pm On May 13, 2016 |
Forget my vote come next election 24 Likes 1 Share |
Re: Naira Finally Devalued To N290/$ By Buhari by Nobody: 9:11pm On May 13, 2016 |
Educated people telling an illiterate what to do n he says no At last he does the same thing SHAME! 10 Likes |
Re: Naira Finally Devalued To N290/$ By Buhari by MasterofNL: 9:11pm On May 13, 2016 |
Brainaic: They have no shame especially omenka/fiizznation... After sai baba has finished beating his rusty chest out of shape, he has finally removed fuel subsidy and devalued the naira. Buhari has no shame just like his lackeys on nl.. 45 Likes 2 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by idensko(m): 9:22pm On May 13, 2016 |
222Martins: I am with u bro I ain't feeling this heat at all, I am too employed 2 know somtn is even happening M just sorry 4 dis poor ass APC supporters. Dey will reap what dey sowed. 17 Likes |
Re: Naira Finally Devalued To N290/$ By Buhari by Adesiji77: 11:09pm On May 13, 2016 |
This should not be surprising...the handwriting can be seen on the wall. However, Vanguard newspaper reported: "But speaking to Vanguard Mr. Femi Adesina, the special adviser to the president on media and publicity denied the reports. He said there was no such plans." Source: http://www.vanguardngr.com/2016/05/buhari-devalue-naira-290-dollar/ Cc: lalasticlala, dominique, Mynd44, Seun 1 Like 2 Shares |
Re: Naira Finally Devalued To N290/$ By Buhari by dest4real(m): 11:20pm On May 13, 2016 |
Guys, Does it mean that the official (CBN) naira-dollar exchange rate will now be 290/$ ? 3 Likes 1 Share |
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