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Nairaland Forum / Nairaland / General / Politics / Naira Revaluation Post May 29th (1199 Views)
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Naira Revaluation Post May 29th by Kashif(m): 2:39pm On May 17, 2015 |
Economists in the house, is there any valid prospect of Buhari's government reviewing Naira's value upwards after coming into office? I have some hard currency holding. |
Re: Naira Revaluation Post May 29th by bookface: 2:56pm On May 17, 2015 |
Buhari cannot do anything about the Naira's value. So long as oil prices remain weak, the naira will remain under sustained strain. |
Re: Naira Revaluation Post May 29th by Rose2014: 3:05pm On May 17, 2015 |
bookface: He will also stabilize oil price and before you know it, N1 will be equal to $1 These and more, he promised to do. #Fingers crossed# 1 Like |
Re: Naira Revaluation Post May 29th by tit(f): 4:00pm On May 17, 2015 |
if your man does not do magic and miracle combined, the dollar will soon be worth 300 naira! |
Re: Naira Revaluation Post May 29th by modath(f): 4:14pm On May 17, 2015 |
I have a feeling Emefiele might do a slight revaluation, maybe by 10 naira in order to keep his job and curry favour from the public... It fell to 197 when crude fell to 42$ now that its trading @ 65-67$, whats keeping it @ same exchange price? if indeed it was wholly affected by crude oil price, economists can explain better. 2 Likes 1 Share |
Re: Naira Revaluation Post May 29th by SLIDEwaxie(m): 4:32pm On May 17, 2015 |
tit:are the only foolish one who hasn't realised that naira has appreciated against the dollar? |
Re: Naira Revaluation Post May 29th by tit(f): 4:37pm On May 17, 2015 |
SLIDEwaxie: mumu, we are talking of what will happen when brainless babaonesance takes the reins. |
Re: Naira Revaluation Post May 29th by SLIDEwaxie(m): 6:08pm On May 17, 2015 |
tit:fool, we're telling u things can only get better |
Re: Naira Revaluation Post May 29th by Babalegba(m): 7:19pm On May 17, 2015 |
tit:that brainless babaonesance is more intelligent than Jonathan who achieved nothing apart from amplifying ethnic differences. Future events will disgrace Jonathan. |
Re: Naira Revaluation Post May 29th by Pavore9: 8:09pm On May 17, 2015 |
lf we direct effort to the Non-oil sector, it would lessen the dependence on oil. Watched African market place on CNN earlier in the day and the focus was on the Kenyan flower industry which in 2014 brought in over N120b into their economy from the international market not to talk of the local market. The industry provides employment to about 100,000 locals from those who do the growing, the harvesting, the trimming and packaging. l know every night, airlines airlifts packaged flowers from Nairobi to Europe where it would auctioned the following morning and Nigeria as the big man we are, we head to Europe to import that same flower! Why won't the Naira depreciate? |
Re: Naira Revaluation Post May 29th by Kashif(m): 9:40am On May 18, 2015 |
I appreciate the responses. |
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