Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,161,461 members, 7,846,925 topics. Date: Saturday, 01 June 2024 at 07:31 AM

Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote - Business (6) - Nairaland

Nairaland Forum / Nairaland / General / Business / Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote (32747 Views)

Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ / Analysts Predict Naira Devaluation To N400/$ / How Was "Naira" Coined? Obafemi Awolowo Coined The Currency Name, Naira, In 1973 (2) (3) (4)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by OkoRemi2023(m): 7:36am On May 02
goshee:
When ibeto complained everyone kept quiet because he's an Igbo.


What will everyone says do? Are Yoruba in power when ibeto complained?


Dangote has never for once come publicly to criticize govt but for him to do so this time, it means Tinubu had shun some of his ways he's using to exploit Nigerians
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by tojahh(m): 8:08am On May 02
Why is Helinues not attacking Dangote? grin
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by yewit37486: 11:22am On May 02
PressMyButton:
Dangote collected dollars at cheaper rates from Emefiele, we know all that but Dangote is still doing big things and we appreciate him for that and that's why he was appointed a member of Jagaban's economic team. However, every sensible individual knows we can't afford to keep official rate at 460 while parrallel rate at 780 with huge monthly subsidy, thereby making few unscrupulous elements overnight billionaires through dollar arbitrage at a time 97% of our revenue were used in servicing debts. Definately, we can't continue like that.

It's "parallel", "definitely".
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Trumpdonald5: 2:27pm On May 02
PressMyButton:
Dangote collected dollars at cheaper rates from Emefiele, we know all that but Dangote is still doing big things and we appreciate him for that and that's why he was appointed a member of Jagaban's economic team. However, every sensible individual knows we can't afford to keep official rate at 460 while parrallel rate at 780 with huge monthly subsidy, thereby making few unscrupulous elements overnight billionaires through dollar arbitrage at a time 97% of our revenue were used in servicing debts. Definately, we can't continue like that.

Stop defending stupidity. If the gap between the official rate and the black market was high, what stopped him from clamping on the BDCs and forcing them to sell maybe at N560?

The floating of the naira was one of the most stupid things the thief has done so far.
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by blueAgent(m): 3:17pm On May 02
olisaEze:
Govt that’ll favor them and their family in the mud! grin

In Timaya voice tell the person. grin grin grin
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by blueAgent(m): 3:31pm On May 02
lildush:
All of u insulting dangote on dis post don't know what ur doing.. d man said d truth.. tinubu is a puppet doing all d bidding of the West.. he have a lot of irregularities dat dese western leaders use as a treat to get him do all wat dey want. The truth is dis. Dey want to kill the masses. Dey need our resources. We are growing in numbers. So dey impose policies dat will cause hardship. People will die. People are still dieing. All this problem are artificial. The solution is . Get rid of Tinubu let military take over and cut ties with the western leaders. Just like Burkina faso Niger n Mali deed. We have the resources we should set the exchange rates. Not d oda way round. Believe it or not. There is war coming between the western world and Africa. They will want to come n recolonize us. And we will refuse. Because we are waking up to reality. Before it will be late. Tinubu must go. Now is d time. He's destroying our country.

The most useless writeup I have ever read.

Clown.
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by lildush(m): 7:29pm On May 02
blueAgent:


The most useless writeup I have ever read.

Clown.

The write up is meant for people who have brains in their heads, eyes to see things. And common sense to reason. It's not for everyone. So get lost ..
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by blueAgent(m): 7:40pm On May 02
lildush:


The write up is meant for people who have brains in their heads, eyes to see things. And common sense to reason. It's not for everyone. So get lost ..

And who are the ones that have brains?

shocked
The dumb Zombies who blindly and stupidly fellow their leaders like animals going to the slaughter.

Abeg stop abusing the word brain. You don't got one.
Sorry but that's facts
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by lildush(m): 7:49pm On May 02
blueAgent:


And who are the ones that have brains?

shocked
The dumb Zombies who blindly and stupidly fellow their leaders like animals going to the slaughter.

Abeg stop abusing the word brain. You don't got one.
Sorry but that's facts

So wat are u saying in essence? That tinubu is doing well? Or wat? Am not understanding u. Just come out and say ur mind.. let the world see who u are
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by blueAgent(m): 9:49pm On May 02
lildush:


So wat are u saying in essence? That tinubu is doing well? Or wat? Am not understanding u. Just come out and say ur mind.. let the world see who u are

Tinubu is doing worst than bad.

A government of lies and propaganda.

No agenda, policy or blueprint.

An administration that only intrested in chasing power and money no intrest of the common man or nation.
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by masseratti: 10:36am On May 04
wirinet:

What has worked since the floating of the naira? How can a sane country float its currency when it is import dependent? We import everything from medicine to fuels to even food.
When the naira was truly floated, what happened? Naira almost got to N2000, before government panicked and started arresting Bureau de change operators and Binance. The CBN then started pumping dollars into the market. What will happens when CBN stops pumping dollars into the market?
the naira is not fully floated currently..it's just like when government said subsidy was gone under buhari but it wasn't gone tho ...oga no worry let's just leave it jare don't av time for unnecessary discussion.

(1) (2) (3) (4) (5) (6) (Reply)

5 Habits That Kill Financially / Sadiq Jambo: "Arthur Eze puts Me Through Oil Business As My Surrogate Father" / Stanbic IBTC Staff Dressed In Cultural Attires Ahead Of Independence Day(Photos)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 31
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.