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Nigeria, Sierra Leone Plan Currency Swap - Business (2) - Nairaland

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Re: Nigeria, Sierra Leone Plan Currency Swap by DonFreshmoney(m): 6:02am On Jan 02, 2020
Rubbish policy.. I spit on Buhari bald head...

Am sure he doesn't understand the technicalities of this issue.. zombie
Re: Nigeria, Sierra Leone Plan Currency Swap by eroticecstasy: 6:03am On Jan 02, 2020
Nigeria is a citadel of fools

1 Like 1 Share

Re: Nigeria, Sierra Leone Plan Currency Swap by Biodun556(m): 6:03am On Jan 02, 2020
Blue3k:


Can you articulate why you dislike the this deal or are you just ranting?

When someone believes that all Nigeria news must be negative, he will not bother to read the news in detail or use his brain before passing negative comments.

5 Likes

Re: Nigeria, Sierra Leone Plan Currency Swap by eroticecstasy: 6:04am On Jan 02, 2020
DonFreshmoney:
Rubbish policy.. I spit on Buhari bald head...

Am sure he doesn't understand the technicalities of this issue.. zombie

And some idiot like him that knows nothing about economic development and trade are celebrating the slowpoke.

Nigeria is doom.

1 Like

Re: Nigeria, Sierra Leone Plan Currency Swap by Oshin56(m): 6:06am On Jan 02, 2020
This 2020 will be great by the power of Almighty because the good news is what we are hearing since 1st day of the year.

5 Likes

Re: Nigeria, Sierra Leone Plan Currency Swap by Congrats321(m): 6:14am On Jan 02, 2020
Are you basing your comparison on individual leaders or statistics like cost of living index, out of school children, poverty rate , inflation rate etc?
BeachLife:

My analysis indicates the south isn't better than the north . How can you explain the mismanagement of funds and the underdevelopment and poverty in the south,especially the oil producing states? Obasanjo and Goodluck Jonathan were from south and they failed . Former governor orji Kalu was recently imprisoned for embezzlement. Former governor Akpabio embezzled,Bayelsa Governor embezzled. You think they would suddenly be angelic as president or independent nations?
The north contributes it's quota through agriculture. Though I still think all states or ethnic nations should have autonomy of their resources.

Nigeria's underdevelopment has nothing to do with America or CIA. Even though America cheats in trade sometimes, Nigeria still has money to develop but just not utilizing it efficiently. America never asked you to build roads without sidewalks,markings,traffic signs ,street lights and drainage. America never asked you not to build housing ,good schools and hospitals ,or have an ID database .
Follow orders and you'll be fine . Japan was bombed & occupied ,yet it's still one of the most developed nations . Difference between Japan and Nigeria is leadership.
Read this . Qaddafi died not because America does not want Libya developed but because he failed to obey simple orders.
https://www.globalresearch.ca/hillary-emails-reveal-nato-killed-gaddafi-to-stop-libyan-creation-of-gold-backed-currency/5594742

1 Like 1 Share

Re: Nigeria, Sierra Leone Plan Currency Swap by SouthNigerian: 6:15am On Jan 02, 2020
BeachLife:

My analysis indicates the south isn't better than the north . How can you explain the mismanagement of funds and the underdevelopment and poverty in the south,especially the oil producing states? Obasanjo and Goodluck Jonathan were from south and they failed . Former governor orji Kalu was recently imprisoned for embezzlement. Former governor Akpabio embezzled,Bayelsa Governor embezzled. You think they would suddenly be angelic as president or independent nations?
The north contributes it's quota through agriculture. Though I still think all states or ethnic nations should have autonomy of their resources.


https://www.globalresearch.ca/hillary-emails-reveal-nato-killed-gaddafi-to-stop-libyan-creation-of-gold-backed-currency/5594742

So General Sanni Abacha was a Southerner? Ibrahim Babangida hailed from the South too, right?

Ganduje, the dollarified Kano Governor is a native of Ondo State, shey? etc...

The North is the Origin of Nigerian struggles, the North is fantastically corrupt with Power in their hands, the North is the reason why Nigeria is still 1,000,000 miles behind great Nations.

Let the Country split up today and see South Nigeria flourishing and competing with top Nations.

AGAIN, THE NORTH IS THE PARASITE KILLING NIGERIA.

4 Likes 1 Share

Re: Nigeria, Sierra Leone Plan Currency Swap by mukthar2000(m): 6:38am On Jan 02, 2020
Nice to hear this if they can accomplish the plans, so that all this high cost phone we be very cheap and dollars we be keep aside,
advice u to quick sell ur dollars out b4 the plans commence.
Re: Nigeria, Sierra Leone Plan Currency Swap by Pharovo(m): 6:40am On Jan 02, 2020
Dozie32:
Naija has finally turned to a place of joke.

This is a new year, try to read before you comment or don’t comment at all. Happy New Year

2 Likes

Re: Nigeria, Sierra Leone Plan Currency Swap by Kuginzi: 6:46am On Jan 02, 2020
Nonybb:
Nigeria is a great nation but was held hostage and championed by the Hausa Fulani illiterate North against the educated south
Don't worry!! Atiku/Obi are still coming.
Re: Nigeria, Sierra Leone Plan Currency Swap by Sammy07: 6:55am On Jan 02, 2020
Blue3k:


This actually pretty good news for the 5 people that do business in Sierra Leone. The Sierra leoneans are benefiting greatly since they're doing the deal increase imports with china. We should see more trade and reduced strain on foreign reserves since nobody looking for dollars.

Boss, does the currency deal will have effect on dollars?
I mean will it reduced dollars.
Cos me I buy Gift Card & nah dollar I deal with.

Help me with explanation
Re: Nigeria, Sierra Leone Plan Currency Swap by notttty(m): 7:03am On Jan 02, 2020
SouthNigerian:


So General Sanni Abacha was a Southerner? Ibrahim Babangida hailed from the South too, right?

Ganduje, the dollarified Kano Governor is a native of Ondo State, shey? etc...

The North is the Origin of Nigerian struggles, the North is fantastically corrupt with Power in their hands, the North is the reason why Nigeria is still 1,000,000 miles behind great Nations.

Let the Country split up today and see South Nigeria flourishing and competing with top Nations.

AGAIN, THE NORTH IS THE PARASITE KILLING NIGERIA.
IBB did a good job you mofo, don't mention him in your deranged mind, listen carefully boy, can you mention any head of state or Nigerian president that did better than ibb? He gave you 3rd mainland bridge, created abuja and move the central government, build you Niger bridge, created more states, increase salaries n pension, and many more, if you want to say rubbish please start from where you were born. if ibb had been president in 1999 I assure you nigeria would have been better cos that baboon called obj messed up n handed over to a good man that died n left otueke grand drunkard in charge who seem to be clueless and a master thief with clydes like pen robbers as wife n mistresses. The north has produced the best presidents this country has known so far till now, GMB included. Argue with you ancestors.

3 Likes

Re: Nigeria, Sierra Leone Plan Currency Swap by farem: 7:04am On Jan 02, 2020
Dozie32:
Naija has finally turned to a place of joke.
You obviously do not understand what is on the table of discourse. Save yourself further shame by stopping the usage of the above wailing refrain.
Re: Nigeria, Sierra Leone Plan Currency Swap by demsy21(m): 7:07am On Jan 02, 2020
You did a good summary, a headache off lazy readers on this forum. If you think the article is like an epistle to you, just gather here. cheesy
GreetMe:
According to what i understood. Nigeria did a currency swap with China(chinese yuan) to lessen the dependence on the dollar.

With China being a very important trade partner with Nigeria and Nigeria having the yuan from the swap, when both countries trade, the yuan can serve in place of the dollar(because the dollar is the common international currency)

Since Nigeria is an economic giant in West Africa, Sierra Leone wants to swap currencies with Nigeria, like Nigeria did with China to achieve the same purpose like i explained above. That also means when Sierra Leone is also dealing with China, they can also pay in Nairas since the currency swap Nigeria did with China covers it too.

Dats means it's a good development.

Economists in the house, I no try? Or I no still understand am

3 Likes

Re: Nigeria, Sierra Leone Plan Currency Swap by Topmaike007(m): 7:10am On Jan 02, 2020
dawnomike:
This is the best Nigerian News so far this year!!!
which time the year start self
Re: Nigeria, Sierra Leone Plan Currency Swap by CSTR2: 7:11am On Jan 02, 2020
This is exactly what I said we should be doing.
Providing an economic alternative to France in the region rather than joining them in their French neo colonialism.

Infact, given the scope and penetration of the Nigerian economy in west and Central Africa, we should be talking about using the naira in most of these countries.

Better late than Never.

3 Likes

Re: Nigeria, Sierra Leone Plan Currency Swap by Topmaike007(m): 7:13am On Jan 02, 2020
Dozie32:
Naija has finally turned to a place of joke.
wailing igbo man
Re: Nigeria, Sierra Leone Plan Currency Swap by aod1(m): 7:14am On Jan 02, 2020
GreetMe:
According to what i understood. Nigeria did a currency swap with China(chinese yuan) to lessen the dependence on the dollar.

With China being a very important trade partner with Nigeria and Nigeria having the yuan from the swap, when both countries trade, the yuan can serve in place of the dollar(because the dollar is the common international currency)

Since Nigeria is an economic giant in West Africa, Sierra Leone wants to swap currencies with Nigeria, like Nigeria did with China to achieve the same purpose like i explained above. That also means when Sierra Leone is also dealing with China, they can also pay in Nairas since the currency swap Nigeria did with China covers it too.

Dats means it's a good development.

Economists in the house, I no try? Or I no still understand am
and more demand for naira which will in turn improve its value

4 Likes 1 Share

Re: Nigeria, Sierra Leone Plan Currency Swap by guru90: 7:22am On Jan 02, 2020
Better News...
Because we have enriched America too much..
Could u imagine 1 dollar is 340 naira.
Who are those people increasing exchange of dollars price in Nigeria currency?

Because I really prefer 1 dollar = 160 naira before.
Re: Nigeria, Sierra Leone Plan Currency Swap by MoIbrahim: 7:30am On Jan 02, 2020
Blue3k:

It comes between because it's a stable currency that widely traded and maintains it value. Parties are just trying minimizing currency risk. This currency swap just one method.

Real economists would tell you this is the result of "psyching".

It is the coming in between that regularly keeps the demand for dollar high and that makes it strong and stable, not the other way round.

1 Like

Re: Nigeria, Sierra Leone Plan Currency Swap by GreetMe(m): 7:31am On Jan 02, 2020
aod1:
and more demand for naira which will in turn improve its value

Yeah...dats the good development part
Re: Nigeria, Sierra Leone Plan Currency Swap by lexy2014: 7:47am On Jan 02, 2020
BeachLife:


Read this . Qaddafi died not because America does not want Libya developed but because he failed to obey simple orders.
https://www.globalresearch.ca/hillary-emails-reveal-nato-killed-gaddafi-to-stop-libyan-creation-of-gold-backed-currency/5594742
I absolutely agree with ur analysis regarding Nigeria's complacency but do u mean d price for not obeying "simple rules" is death? What are d rules and who made them?

2 Likes

Re: Nigeria, Sierra Leone Plan Currency Swap by klax(m): 7:52am On Jan 02, 2020
OgunLaakaye:
One must give kudos to this administration.

A lot still needs to be done but the pace gives hope that there is light at the end of the tunnel.

Call Buhari a snail and always note that to every step he made, he left footprints.


Did the man ever say it all started from Buhari administration or it's Buhari that did it, just asking
Re: Nigeria, Sierra Leone Plan Currency Swap by k2money(m): 7:52am On Jan 02, 2020
Dozie32:
Naija has finally turned to a place of joke.
Am sure your brain is too small to comprehend this message.
Re: Nigeria, Sierra Leone Plan Currency Swap by bmdmixer: 7:56am On Jan 02, 2020
China own ko e dey finish ni?
Re: Nigeria, Sierra Leone Plan Currency Swap by teniolav: 7:58am On Jan 02, 2020
NextPresido:
Our government want do Sierra Leone serious 419

Everybody is into yahoo yahoo now grin
I hope say you go sch.. Even thou u no go u must pass Sch gate.

1 Like

Re: Nigeria, Sierra Leone Plan Currency Swap by Kingstanding: 7:59am On Jan 02, 2020
Blue3k:


This actually pretty good news for the 5 people that do business in Sierra Leone. The Sierra leoneans are benefiting greatly since they're doing the deal increase imports with china. We should see more trade and reduced strain on foreign reserves since nobody looking for dollars.
. This is 2020 why do we like deceiving ourselves? What is the outcome of Nigeria and China currency swap? Our leaders are just wicked. What are the percentage of Nigerians doing business in Sierra Leone compare to China? Honestly being educated does not guarantee a good admistrator. Yeye government.

1 Like

Re: Nigeria, Sierra Leone Plan Currency Swap by sheyoroniyen(m): 8:01am On Jan 02, 2020
BeachLife:

My analysis indicates the south isn't better than the north . How can you explain the mismanagement of funds and the underdevelopment and poverty in the south,especially the oil producing states? Obasanjo and Goodluck Jonathan were from south and they failed . Former governor orji Kalu was recently imprisoned for embezzlement. Former governor Akpabio embezzled,Bayelsa Governor embezzled. You think they would suddenly be angelic as president or independent nations?
The north contributes it's quota through agriculture. Though I still think all states or ethnic nations should have autonomy of their resources.

Nigeria's underdevelopment has nothing to do with America or CIA. Even though America cheats in trade sometimes, Nigeria still has money to develop but just not utilizing it efficiently. America never asked you to build roads without sidewalks,markings,traffic signs ,street lights and drainage. America never asked you not to build housing ,good schools and hospitals ,or have an ID database .
Follow orders and you'll be fine . Japan was bombed & occupied ,yet it's still one of the most developed nations . Difference between Japan and Nigeria is leadership.
Read this . Qaddafi died not because America does not want Libya developed but because he failed to obey simple orders.
https://www.globalresearch.ca/hillary-emails-reveal-nato-killed-gaddafi-to-stop-libyan-creation-of-gold-backed-currency/5594742

what simple order......?......you better wake up...if you are sleeping........

2 Likes

Re: Nigeria, Sierra Leone Plan Currency Swap by CSTR2: 8:25am On Jan 02, 2020
Kingstanding:
. This is 2020 why do we like deceiving ourselves? What is the outcome of Nigeria and China currency swap? Our leaders are just wicked. What are the percentage of Nigerians doing business in Sierra Leone compare to China? Honestly being educated does not guarantee a good admistrator. Yeye government.
Nigerian banks and companies dominate Sierra Leone.
That is why their government is interested in a currency swap deal.
To help facilitate business better.

They are not talking about Nigerians though they would benefit if they want to.
Re: Nigeria, Sierra Leone Plan Currency Swap by TruthinAction: 8:35am On Jan 02, 2020
OgunLaakaye:
One must give kudos to this administration.

A lot still needs to be done but the pace gives hope that there is light at the end of the tunnel.

Call Buhari a snail and always note that to every step he made, he left footprints.

You mean Abba Kyari and Mamman Daura? These are the two people running our government.
Re: Nigeria, Sierra Leone Plan Currency Swap by OyinO: 8:38am On Jan 02, 2020
Finally, the RECOLONISATION OF AFRICA BY CHINA is here!
Re: Nigeria, Sierra Leone Plan Currency Swap by OyinO: 8:41am On Jan 02, 2020
BeachLife:

My analysis indicates the south isn't better than the north . How can you explain the mismanagement of funds and the underdevelopment and poverty in the south,especially the oil producing states? Obasanjo and Goodluck Jonathan were from south and they failed . Former governor orji Kalu was recently imprisoned for embezzlement. Former governor Akpabio embezzled,Bayelsa Governor embezzled. You think they would suddenly be angelic as president or independent nations?
The north contributes it's quota through agriculture. Though I still think all states or ethnic nations should have autonomy of their resources.

Nigeria's underdevelopment has nothing to do with America or CIA. Even though America cheats in trade sometimes, Nigeria still has money to develop but just not utilizing it efficiently. America never asked you to build roads without sidewalks,markings,traffic signs ,street lights and drainage. America never asked you not to build housing ,good schools and hospitals ,or have an ID database .
Follow orders and you'll be fine . Japan was bombed & occupied ,yet it's still one of the most developed nations . Difference between Japan and Nigeria is leadership.
Read this . Qaddafi died not because America does not want Libya developed but because he failed to obey simple orders.
https://www.globalresearch.ca/hillary-emails-reveal-nato-killed-gaddafi-to-stop-libyan-creation-of-gold-backed-currency/5594742


Gaddafi was killed because he wanted to create a Gold-backed African currency which would have brought the West to its knees.

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