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Nairaland Forum / Nairaland / General / Business / Naira Finally Devalued To N290/$ By Buhari (26504 Views)
Is Naira Finally Gaining Value? / Naira Finally Improves At The Interbank Rate / Naira Finally Devalued By CBN (2) (3) (4)
Re: Naira Finally Devalued To N290/$ By Buhari by Nobody: 1:04am On May 14, 2016 |
dest4real: Interested also. |
Re: Naira Finally Devalued To N290/$ By Buhari by kennyman2000(m): 1:11am On May 14, 2016 |
StainlessH:Yes. banks rate will as well go high and aboki rate as well. |
Re: Naira Finally Devalued To N290/$ By Buhari by tammie24: 8:46am On May 14, 2016 |
This administration will be known as the worst ever in the history of Nigeria Imagine planning all these in secret not giving citizens a clue what is about to befall them Everything is done in secret Citizens find out after it's done So what changed his mind? Those that applauded him when he didn't will praise him now and give reasons for that I believe God has a purpose for this country but not in Buhari's administration!!! 4 Likes 1 Share |
Re: Naira Finally Devalued To N290/$ By Buhari by Karm16: 8:46am On May 14, 2016 |
ononujuchika: Weren't you mad last week when he said he wouldn't? |
Re: Naira Finally Devalued To N290/$ By Buhari by olimeh13(m): 8:48am On May 14, 2016 |
That's is not true.. Look at today's exchange rate
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Re: Naira Finally Devalued To N290/$ By Buhari by LockDown69(m): 8:48am On May 14, 2016 |
Chai!!!!! ![]() ![]() ![]() |
Re: Naira Finally Devalued To N290/$ By Buhari by Goahead(m): 8:48am On May 14, 2016 |
Why Buhari ![]() Sai Buhari rather ![]() |
Re: Naira Finally Devalued To N290/$ By Buhari by Opharhe: 8:49am On May 14, 2016 |
Osinbajo!!! You don tok am before.... Make una Kontinu o!
#Change Indeed |
Re: Naira Finally Devalued To N290/$ By Buhari by hresso: 8:50am On May 14, 2016 |
It's a tough world we live in. |
Re: Naira Finally Devalued To N290/$ By Buhari by Capernaum(m): 8:50am On May 14, 2016 |
It is well. |
Re: Naira Finally Devalued To N290/$ By Buhari by lollmaolol(m): 8:52am On May 14, 2016 |
Well, may things not be difficult for us |
Re: Naira Finally Devalued To N290/$ By Buhari by Nobody: 8:52am On May 14, 2016 |
this government is to be for d people not for themselves... nawa ooooo |
Re: Naira Finally Devalued To N290/$ By Buhari by Nobody: 8:54am On May 14, 2016 |
In a way, the resource chickens have come home to roost. When your economy is dependent on oil....you run out of revenue to spend once the price falls. And it is not just oil.....it can be minerals, agricultural produce, etc. Nigeria is paying the price for decades of just being dependent on one steady source of revenue...when we should have diversifed our portfolio (like every wise business man). I won't judge/blame Buhari for this current problem we are in.....but I would blame him if he does not do the needful and spend more on power, refienries, transport and educaiton...so that we can be a manufacturing society....ie be in a position to diversify our portfolio. And I would even blame him more if he does not use our raw materials as the basis of our manufacturing. South Korea took loans in 1960's .....to improve its manufacturing. Now....South Korea has nothing much in terms of raw materials...which is why they had to rely on manufacturing....Nigeria has that. But let us not let our abundance of raw materials decieve us. Our road to prosperity lies in using those raw materials as the fuel of an innovation based economy.....not as a means to get cheap chicken feed to buy imports. 1 Like |
Re: Naira Finally Devalued To N290/$ By Buhari by Adminisher: 8:57am On May 14, 2016 |
Brainaic:PDP wanted devaluation. They were calling him a DULLARD and some one who does not understand MODERN ECONOMICS. Now this is modern economics. What has been the reaction of PDP?. Please tell me. It is important to see their reaction to this |
Re: Naira Finally Devalued To N290/$ By Buhari by whitebeard(m): 9:00am On May 14, 2016 |
guys guess what
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Re: Naira Finally Devalued To N290/$ By Buhari by princefaculty(m): 9:02am On May 14, 2016 |
The new and better definition of clueless. No foresight, very poor economic plan but very good at dictatorial moves with a one sided corruption fight... That was the 'change' some empty skulls begged for. 1 Like |
Re: Naira Finally Devalued To N290/$ By Buhari by ekpotek: 9:02am On May 14, 2016 |
We all know that black market cannot meet the demand for dollar by Oil marketers to import fuel. I guess devaluation of the naira is the only way CBN can sell dollar to Oil marketers at N285/$1. When secondary market rate is N370/$1. In orderwords fuel sacarity have forced Buhari to devalue the naira and not IMF. So they should not blame IMF but their uneconomic forex policy. 1 Like 1 Share |
Re: Naira Finally Devalued To N290/$ By Buhari by hollyfat(m): 9:03am On May 14, 2016 |
In Lie Muhammed voice "The devaluation of Naira will create 500,000 jobs" 3 Likes |
Re: Naira Finally Devalued To N290/$ By Buhari by jzdoberman: 9:13am On May 14, 2016 |
A New Sheriff Is In Town! ---Zombies. Clueless dictator, he go dey Flex muscle on civilians! 3 Likes |
Re: Naira Finally Devalued To N290/$ By Buhari by BetaThings: 9:21am On May 14, 2016 |
MasterofNL: So Sahara Reporters can now be believed? 2 Likes |
Re: Naira Finally Devalued To N290/$ By Buhari by Brilliantlights(m): 9:22am On May 14, 2016 |
Oh Fela...You were a prophet 1 Like |
Re: Naira Finally Devalued To N290/$ By Buhari by repogirl(f): 9:23am On May 14, 2016 |
Kikiki.... Where art thou, O Zombies? ![]() I nobtalk am? Pikin wey refuse to greet him elder, dem go flog am mercilessly and after he cry finish, he go waka go greet that elder! |
Re: Naira Finally Devalued To N290/$ By Buhari by yinkslinks(m): 9:30am On May 14, 2016 |
Bros pls if its N290 from cbn, how much will black market sell? 222Martins: |
Re: Naira Finally Devalued To N290/$ By Buhari by Zzyco: 9:31am On May 14, 2016 |
Tb joshua talk am sha.. |
Re: Naira Finally Devalued To N290/$ By Buhari by chubbygal(f): 9:34am On May 14, 2016 |
Chineke kpóó Buhari oku. To zombies 1 Like
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Re: Naira Finally Devalued To N290/$ By Buhari by Nobody: 9:38am On May 14, 2016 |
When Barrack Obomber vowed to pressurize Buhari into devaluing the Naira, how many people asked how he intended to pressurize the President? Well I guess Nigerians didn't ask why media outlets started attacking the president from all angles. The Fulani herdsmen were not actually herdsmen but terrorists trained and assisted by American government. In fact, some Nigeriens (not Nigerians) were caught in Agatu. They went to Agatu with helicopter to drop weapons and food items for the terrorists and they were caught by the Agatu people, tied up and killed. Their helicopter was burnt and the burnt helicopter is still in Agatu for confirmation purposes. The so-called Niger Delta Avengers are also trained and assisted by the US. If Buhari bows to these people, then I'll be disappointed in him. I am dissatisfied with the Nigerian Armed Forces and the DSS. The DSS has shown that it lacks the ability to gather good intelligence and nail internal threats right from their roots. If I were Mr. Buhari, I would have silently silenced a lot of people. I would also divert a lot of money meant for other projects into upgrading the DSS and the Armed Forces. I know all these are easier said than done especially in democracy but Nigeria's situation requires some iron fists. 1 Like |
Re: Naira Finally Devalued To N290/$ By Buhari by LaExpert: 9:47am On May 14, 2016 |
Another reason you shouldn't completely trust politicians. “I will not devalue the naira” www.vanguardngr.com/2016/02/i-wont-devalue-naira-buhari-insists-2/ Can we call Buhari a 'weak' president? |
Re: Naira Finally Devalued To N290/$ By Buhari by hallelluyah(m): 9:50am On May 14, 2016 |
But these APC people should SHAMELESSLY take a bow and leave the government, it is crystal clear nothing good can come from these shameless liars! |
Re: Naira Finally Devalued To N290/$ By Buhari by nortcentrallord(m): 9:52am On May 14, 2016 |
Can any Zom*bie prove his or herself intelligent enough to stand up to the defense of the man with their remote control on this subject matter please? Any one? Any one? ... |
Re: Naira Finally Devalued To N290/$ By Buhari by masseratti: 9:53am On May 14, 2016 |
Please mr President dont fix any rate for the exchange rate, just leave it as it is now, let the market forces dictate. |
Re: Naira Finally Devalued To N290/$ By Buhari by Saintp(m): 9:58am On May 14, 2016 |
NaijaTalkTown: Lol 1 Like |
Re: Naira Finally Devalued To N290/$ By Buhari by Nobody: 10:03am On May 14, 2016 |
Which way bro, it becoming more clearly to see the difference educated president and uneducated president i rest my case. No offence jmichlins: |
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