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Nairaland Forum / Nairaland / General / Business / Naira Gains 5.2 Percent After CBN Intervenes (18723 Views)
As Naira Gains, Neighbouring Countries Ease Rush For Nigerian Goods / Naira Surges As CBN Intervenes In Interbank Market / Speculators Get Burnt As Naira Gains Value (2) (3) (4)
Re: Naira Gains 5.2 Percent After CBN Intervenes by seguno2: 6:59am On Aug 20, 2016 |
KINGwax007: I thought that in this change regime there is no more corruption, fraud and easy money to launder? Are you saying that nothing has changed and we are worse off on corruption, fraud and money laundering? Please don't let the zombies hear you oh. |
Re: Naira Gains 5.2 Percent After CBN Intervenes by joey150(m): 7:01am On Aug 20, 2016 |
Localamos: You my friend have to understand that somethings i agree are controlled by external forces..but then, does this administration look like one that can run things efficiently based on what we have seen since may29 2015?? Its no good having a good plan if you cant execute it. And yes Buhari is the target man, he gets all the Praise and blame equally. And i hope you went to harvard? 1 Like |
Re: Naira Gains 5.2 Percent After CBN Intervenes by HRich(m): 7:02am On Aug 20, 2016 |
Good morning Nairalanders You all should Join me and Praise the Good Lord in Heaven for he has done me well He has made me to be among the Living, he made me to see this new day without pains and complains God had done me well He has done a great Miracle to my family therefore I'm to share it with everyone on Nairaland 3 Likes 1 Share |
Re: Naira Gains 5.2 Percent After CBN Intervenes by kov624665(m): 7:06am On Aug 20, 2016 |
Amah70:. . Did Buhari promise that? Even if he did promised, believing it is very stupid of you. The wailers are the ones without PVC.
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Re: Naira Gains 5.2 Percent After CBN Intervenes by Ugoeze2016: 7:12am On Aug 20, 2016 |
Okay ...and I gained 10lbs.... smh |
Re: Naira Gains 5.2 Percent After CBN Intervenes by Aderiade(m): 7:12am On Aug 20, 2016 |
abumeinben:The problem is that we do more of importation than exportation. so the demand for dollar will always be on the rise, until we do more exportations. U will agree with me that this country currently depends on importations, which is not too good. Our currency will grow only when we sell our own goods abroad instead of always buying from abroad. |
Re: Naira Gains 5.2 Percent After CBN Intervenes by kov624665(m): 7:13am On Aug 20, 2016 |
bobo65:Naira Gains 5.2 Percent After CBN Intervenes . I'm sorry if that sound like a bad news to you, such is life. |
Re: Naira Gains 5.2 Percent After CBN Intervenes by motherfucker: 7:16am On Aug 20, 2016 |
Pprovost:Tell the government to make available information that will make that possible. Was it not here someone was looking for export information but no one is willing to talk because the information is not readily available. |
Re: Naira Gains 5.2 Percent After CBN Intervenes by mekonglobal(m): 7:17am On Aug 20, 2016 |
The most painful fact is that they're not even making any plans of delivering us from this dollar slavery..One minister telling us that we will start producing toothpicks in ten years to come..Are there anything on ground to show that the project is achieveable? No! All na lie lie govt. |
Re: Naira Gains 5.2 Percent After CBN Intervenes by BetterChurch: 7:17am On Aug 20, 2016 |
Amah70: Anything can happen!!! with prayers Can't all men of God nationwide join forces to activate this dream Then all atheists will become Christians without further evangelistic sermons. |
Re: Naira Gains 5.2 Percent After CBN Intervenes by Enrichlee(m): 7:19am On Aug 20, 2016 |
Pprovost:In as much as everyone would love same, which genuine action as the government taken to even ensure we are sufficient with locally made products before talking about exports. The crippling power sector, unfavorable policies and overbearing tax burden is further killing our SME. |
Re: Naira Gains 5.2 Percent After CBN Intervenes by onatisi(m): 7:24am On Aug 20, 2016 |
Adesiji77:All these measures by cbn will have very little effect. We are talking about 180 million people that depend on imported goods for about 70% of the needs!! The only solution is to reduce the dependency on imported items and improve local production. But that too has been grossly affected because the FG has no money to finance projects which stimulate production.the nation oil revenue has been slashed by almost 50% if not more ,no thanks to the dumb political behavior of buhari. Very very soon ,the FG will have no choice but to approach the work bank or Imf for money. The first panacea to this problem is for buhari to douse the political tension in the nation but he wont do that. 1 Like |
Re: Naira Gains 5.2 Percent After CBN Intervenes by onatisi(m): 7:27am On Aug 20, 2016 |
mekonglobal:The problem is very very severe and despite the fact that people are lamenting now that things are hard ,the honest bitter truth is that this is just the beginning of what is to come . If care isn't taken a loaf of bread may sell for 500N 1 Like |
Re: Naira Gains 5.2 Percent After CBN Intervenes by rockyh(m): 7:29am On Aug 20, 2016 |
Pprovost:apart from oil what else can we export in large quantities n for a long sustainable time 1 Like |
Re: Naira Gains 5.2 Percent After CBN Intervenes by chimauga(m): 7:31am On Aug 20, 2016 |
Try and error govt. Who have they eepp |
Re: Naira Gains 5.2 Percent After CBN Intervenes by KoldKash(m): 7:33am On Aug 20, 2016 |
Truth234: I have seen this movie before,it doesn't end well. Don't expect the current development to make more than a 5 naira difference come Monday. |
Re: Naira Gains 5.2 Percent After CBN Intervenes by grandstar(m): 7:34am On Aug 20, 2016 |
kishimi8: Sanusi said that the difference between the official rate and black market must never be more than 3%. It's present close to 30%. Until government closes that gap, a scarcity of forex will persist. Buhari is by nature anti-market. The economy will continue to gasp until they get it right 1 Like |
Re: Naira Gains 5.2 Percent After CBN Intervenes by MrCounselor: 7:34am On Aug 20, 2016 |
Thank heavens Shy of bet shops? You don't have to visit one, just check my signature. . |
Re: Naira Gains 5.2 Percent After CBN Intervenes by abumeinben(m): 7:38am On Aug 20, 2016 |
Aderiade: Thank bro. So what's blocking the release of dollar? |
Re: Naira Gains 5.2 Percent After CBN Intervenes by Amah70: 7:40am On Aug 20, 2016 |
ajeleseujn: Perhaps when Buhari finds oil in Benue and Borno basins, Naira shall be equal to dollar. |
Re: Naira Gains 5.2 Percent After CBN Intervenes by onatisi(m): 7:40am On Aug 20, 2016 |
grandstar:how can they close it ? The nation is broke !!! No more is coming into the government coffers like before ,what they make they share it and it isn't even enough. And yet they need to maintain the external reserve and not touch it. The nation revenue has almost been slashed to half ,the militants are making good their threats of crippling the economy |
Re: Naira Gains 5.2 Percent After CBN Intervenes by asarebabson: 7:43am On Aug 20, 2016 |
I don't blame d naira jare 4 d continues instability because we failed to save for the raining days, |
Re: Naira Gains 5.2 Percent After CBN Intervenes by Jaideyone(m): 7:45am On Aug 20, 2016 |
joey150:shut up. Nigeria is earning very little in forex right now. if buhari had followed advise and devalued mid last year Naira will be lucky to be around 450 now. even when Jona was there and oil sold for 100dollars our foreign reserves got depleted. learn to give credit when due |
Re: Naira Gains 5.2 Percent After CBN Intervenes by Amah70: 7:47am On Aug 20, 2016 |
kov624665: Yes, I was there live in Imo state when Buhari promised to make Naira equal to the dollar if voted in to become president of Nigeria. So you knew that Buhari was a liar? Or are you sure you are not one of those ethno/religious bigots who didn't even hear or knew what Buhari promised before they voted Buhari for president? |
Re: Naira Gains 5.2 Percent After CBN Intervenes by joey150(m): 7:47am On Aug 20, 2016 |
Jaideyone: Why are you attackiing me bros? Is it only our naira that is going up and down everyday? How organised has this administration actually been? Right from the start they couldnt even agree on a senate leader. Took months to pick some below average ministers. Am for Buhari or whoever wishes naija well. Dont you think its too early to get all aggressive?? 1 Like |
Re: Naira Gains 5.2 Percent After CBN Intervenes by egopersonified(f): 8:00am On Aug 20, 2016 |
Any rate above N250 is still too high 1 Like |
Re: Naira Gains 5.2 Percent After CBN Intervenes by yesir: 8:01am On Aug 20, 2016 |
We are waiting |
Re: Naira Gains 5.2 Percent After CBN Intervenes by 9jatatafo(m): 8:12am On Aug 20, 2016 |
PMB promised to make the Naira Dollars equation balance, that is N1=$1 but I amd here reading the inequalities of how the the equation has become N320=1$ |
Re: Naira Gains 5.2 Percent After CBN Intervenes by booz(m): 8:19am On Aug 20, 2016 |
It will be a good idea to ban the use of foreign currencies(USD, GBP, €) internally in Nigeria. This will reduce the load on those currencies. Imagine people spraying dollars in parties. We Nigerians celebrate folly. We'll broadcast how a man spray Dollar Notes ( $1 =380) in a party and despise another who spent #500 notes. Naija which way now 1 Like |
Re: Naira Gains 5.2 Percent After CBN Intervenes by richard870(m): 8:19am On Aug 20, 2016 |
Pprovost:You are a very BIG f+o+ol !!! 1 Like |
Re: Naira Gains 5.2 Percent After CBN Intervenes by Franky9584(m): 8:21am On Aug 20, 2016 |
5.5% only?....not until its #1=$1 |
Re: Naira Gains 5.2 Percent After CBN Intervenes by domopps(m): 8:24am On Aug 20, 2016 |
Adesiji77: Boss what hap 2 onward provision of LCs and BCs of 30, 60 and 90 days meanwhile that of 60 days would due on Tue next week and i no many banks that are using this intervention window to retain their customers.......or what do you mean by :evergreen waiting list: Cheeeeeers |
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