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Nairaland Forum / Nairaland / General / Business / CBN Floats The Naira, The Implications For You And I (78962 Views)
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Re: CBN Floats The Naira, The Implications For You And I by macanu(m): 3:48pm On Jun 15, 2016 |
Confusion everywhere 2 Likes |
Re: CBN Floats The Naira, The Implications For You And I by Macwytt(m): 3:48pm On Jun 15, 2016 |
Duly Noted.
Buh We The 5% Still Want "OUR OIL BACK" President, 5% 5 Likes |
Re: CBN Floats The Naira, The Implications For You And I by buJu234: 3:49pm On Jun 15, 2016 |
Trial and error economy... because CBN govt. is a banker & finance minister Kemi was a banker/accountant.. None of them; I mean None of them is an economist.. can u see the reason for this trial & error economy?? 8 Likes |
Re: CBN Floats The Naira, The Implications For You And I by Femich18(m): 3:49pm On Jun 15, 2016 |
I hope it favours the masses that's my only prayer. Anyway Monday is here I've got my fingers crossed In other news 2moro is Thursday...Baba should come back o cos we Ve missed him 4 Likes |
Re: CBN Floats The Naira, The Implications For You And I by yemmight(m): 3:49pm On Jun 15, 2016 |
adebrave1: |
Re: CBN Floats The Naira, The Implications For You And I by busolakun(m): 3:49pm On Jun 15, 2016 |
Good economic decision for once since. Now we will know the real worth of NGN. 7 Likes |
Re: CBN Floats The Naira, The Implications For You And I by Nobody: 3:49pm On Jun 15, 2016 |
Sai Buhari |
Re: CBN Floats The Naira, The Implications For You And I by nancy4nast(f): 3:50pm On Jun 15, 2016 |
lets wait till |
Re: CBN Floats The Naira, The Implications For You And I by oneitalia: 3:50pm On Jun 15, 2016 |
Please can any economist explain how the naira floating will affect common man? 6 Likes |
Re: CBN Floats The Naira, The Implications For You And I by bodee(m): 3:50pm On Jun 15, 2016 |
Monday is around the corner, I believe this will bring about a level playing ground for everyone. Also, this will propel the flow the dollar and hence market competition and its glaring advantages. 2 Likes |
Re: CBN Floats The Naira, The Implications For You And I by Ademat7(m): 3:50pm On Jun 15, 2016 |
so why d suspense? same thing during ministerial nominee #nothingnew just as expected 3 Likes |
Re: CBN Floats The Naira, The Implications For You And I by Nobody: 3:50pm On Jun 15, 2016 |
Money market just got interesting.... see me rushing to the bank I predict the price will rise sharply from N350 to around N500 then drop back after a couple of weeks to less than N300 .... if this government people don't change their mind halfway sha That primary dealer stuff sha get as e be... I bet some people are going to be eternally rewarded for loyalty to change 7 Likes |
Re: CBN Floats The Naira, The Implications For You And I by collinsVP: 3:50pm On Jun 15, 2016 |
What is the naira - dollar cycle Inflow: 1. Oil export 2.reparterations from Nigeria experteraits 3.other non oil exports( agricultural products) 4.expertrates coming into the country for tourism and investments etc. Outflow: Import of goods Payments of fees in dollars abroad etc. The point is if the difference was negative naira will continue to suffer. Fact is; the economy is such that no foreign investment will be attracted and the incessant changes in government policy among other factors will continue to scare foreign investment. I see a deeper exchange rate 3 Likes 1 Share |
Re: CBN Floats The Naira, The Implications For You And I by hotdi(m): 3:51pm On Jun 15, 2016 |
joseph1013: There is right time for everything. The right time is now. Point of correction, this is not Naira devaluation he rejected. 6 Likes |
Re: CBN Floats The Naira, The Implications For You And I by Dharnchuks(m): 3:51pm On Jun 15, 2016 |
Re: CBN Floats The Naira, The Implications For You And I by yemmight(m): 3:51pm On Jun 15, 2016 |
buJu234: You guys should just be positive for once. Government has taken drastic measure to manage the economy. This is just today and you have started criticizing negatively. Are you positive in your life at all? 21 Likes |
Re: CBN Floats The Naira, The Implications For You And I by agitator: 3:51pm On Jun 15, 2016 |
davide470: Finally devalued, by the no nonsense new sherifat. 1 Like |
Re: CBN Floats The Naira, The Implications For You And I by hamrad(m): 3:52pm On Jun 15, 2016 |
Good step |
Re: CBN Floats The Naira, The Implications For You And I by ideaz: 3:52pm On Jun 15, 2016 |
Learning on the job continues.... |
Re: CBN Floats The Naira, The Implications For You And I by Segunbills(m): 3:52pm On Jun 15, 2016 |
CBN and Buhari be like 4 Likes
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Re: CBN Floats The Naira, The Implications For You And I by delzbaba(m): 3:53pm On Jun 15, 2016 |
Doesn't look or sound like a good thing oh.its like they've thrown nigeria to the sharks. 2 Likes |
Re: CBN Floats The Naira, The Implications For You And I by almujeebe(m): 3:54pm On Jun 15, 2016 |
Can somebody explain this to me in a lay man term |
Re: CBN Floats The Naira, The Implications For You And I by docadams: 3:54pm On Jun 15, 2016 |
Hmmmmmmm How I wished PMB inherited a stable economy. How fair will it be to berate a man bequeathed a dismembered nation in just one year in office. We need the strength of Hitler's Germany, the hope of post war Japan, and the endurance of the Pakistani SSG. 6 Likes |
Re: CBN Floats The Naira, The Implications For You And I by designking: 3:54pm On Jun 15, 2016 |
Nice move! This government is really focused and plans deeply. You don't make forex policies by using sample data from very long past time frame. The best way to build a true forex system is to put out a strategy(demo) and test it against the current market fundamentals over a period of time; then re-access your system, adjust or approve it for full scale(live) use. What this government has done is opening the Naira for real trading, creating more investors confidence, better volatility and liquidity. This will surely place the Nigeria economy ahead of most Africa economies. 19 Likes 2 Shares |
Re: CBN Floats The Naira, The Implications For You And I by Hardeyoye: 3:54pm On Jun 15, 2016 |
Please simplify this in a layman's way of understanding so we can know what tomato's price will be 1 Like |
Re: CBN Floats The Naira, The Implications For You And I by Owliver(m): 3:54pm On Jun 15, 2016 |
Inception:funny pics 1 Like |
Re: CBN Floats The Naira, The Implications For You And I by ybalogs(m): 3:55pm On Jun 15, 2016 |
It's for the best. Let's just keep praying for a positive turn of events. God bless Nigeria and Nigerians. 1 Like |
Re: CBN Floats The Naira, The Implications For You And I by Nobody: 3:56pm On Jun 15, 2016 |
joseph1013:He had a rethink because he isn't a Biblical Pharaoh of Egypt. It's never a crime if someone changes his/her mind on something. .... 9 Likes |
Re: CBN Floats The Naira, The Implications For You And I by Nobody: 3:56pm On Jun 15, 2016 |
Pls somebody explain this thing cos i dont understand anything 2 Likes 1 Share |
Re: CBN Floats The Naira, The Implications For You And I by mn09abk: 3:57pm On Jun 15, 2016 |
hotdi:No mind am...him no even understand the news 2 Likes |
Re: CBN Floats The Naira, The Implications For You And I by IBBG(m): 3:57pm On Jun 15, 2016 |
which means the forces of demand and supply will determine the exchange rate. instead of the artificial rate of defending the naira with scare forex |
Re: CBN Floats The Naira, The Implications For You And I by Nuahall2k14(m): 3:58pm On Jun 15, 2016 |
How much Will banks then be charging wen one is withdrawing from ATM abroad. Which xchange rate Will they be using? 4 Likes |
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