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Nairaland Forum / Nairaland / General / Business / 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! (29638 Views)
Naira May Rise Further Against Dollar As CBN Pumps Additional $195m / Naira To Remain Below 500/dollar This Week —experts / Naira May Appreciate To N300 Per Dollar – BDC Operator (2) (3) (4)
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Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by obidevine(m): 3:15pm On May 02, 2016 |
I feel this is awesome news, if this happens there will be money to buy what I'm selling, check my signature if you're curious to know what I'm talking about. |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by AntiMahdi: 3:18pm On May 02, 2016 |
Lanre01: The Naira is pegged to the dollar. Our foriegn reserves are in Naira you nitwit. If the dollar falls so does the naira 2. 2016 Budget: The budget is a deficit budget coming in a year of dwindling govt earnings that means the budget is based on loans and the effect of 6 trillion naira on a double digit inflation economy is set to see inflation soar and thus the naira weaken further 3. Less demand for dollars: The demand for dollar is low because the economy is stagnated and manufacturers are scaling down on production in the light of low purchasing power by consumers. This also applies to retailers which depend on imports. If anything this may lead to a more serious case of deflation which will put the nail to the coffin of the naira #Sai_Baba Typical zombie signing out his pseudo intellect post 6 Likes 2 Shares |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by mekaboy(m): 3:21pm On May 02, 2016 |
hemartins: Importation from China and any part of the world we source our items from. People will travel more, buy more and import more. The more money in circulation the more demand for forex. If I want to import $1000 worth of goods and the demand is only $200 I will import 200. But if the demand increases I will import more. |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by AntiMahdi: 3:21pm On May 02, 2016 |
amaechi1: stop being a sycophant for once! It is obvious you are all jobless touts who never ever worked a day in your lives or understand how the economy works 2 Likes |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by Lanre01(m): 3:22pm On May 02, 2016 |
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Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by berrystunn(m): 3:25pm On May 02, 2016 |
Dollar will be 310.. |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by laprince(m): 3:26pm On May 02, 2016 |
Charly68: please don't blame them. Nigerians have gone through a lot. Seeing is believing for us now. so, stop, hold it. Our hearts have long been broken. 2 Likes |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by Lanre01(m): 3:26pm On May 02, 2016 |
AntiMahdi:If U dnt knw Me and U talkin' dung of Me, think deep it means U're fond of Me- Sai Baba... Lolz!!! |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by AntiMahdi: 3:28pm On May 02, 2016 |
laprince: the fact that this your useless thread made fp shows the level of illiteracy among NL mods. You only succeeded in telling us you know not a damn thing on how the economy works go back to school or at least learn a trade. 4 Likes |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by AntiMahdi: 3:28pm On May 02, 2016 |
Lanre01: olodo refute my counter argument on your hair brain logic 1 Like |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by Lanre01(m): 3:29pm On May 02, 2016 |
AntiMahdi:do U knw ur dumb stuff can make FP 2?? |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by igidaduro: 3:29pm On May 02, 2016 |
This week? False |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by tiar: 3:30pm On May 02, 2016 |
Check out http://judefejokwu..com The topic is Naira Devaluation. Africans continue believing that continuous devaluation of their currency benefits them. It does not. 1 Like |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by AntiMahdi: 3:32pm On May 02, 2016 |
Lanre01: only low lifers like you look foward to making fp with your nonsense threads 1 Like |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by Lanre01(m): 3:34pm On May 02, 2016 |
tiar:Help Me tell them oo... thats wat the intelligent buhari is tryin' 2 tell 'em buh wnt understand |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by laprince(m): 3:36pm On May 02, 2016 |
AntiMahdi: I don't know why you are coming at me like this. This is not my thread. Besides, this is a sentiment many Nigerians share. |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by tuniski: 3:37pm On May 02, 2016 |
Charly68: I am realistic! With matters of governance and economy, it is not like spiritual or religious stuff that one just believe. It must be clear actionable plans. I haven't seen that with this govt! 2 Likes |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by Nobody: 3:38pm On May 02, 2016 |
amaechi1:It is people who are "delusioned" in turning fact on it head because of rice are the most unfortunate 4 Likes 1 Share |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by AntiMahdi: 3:40pm On May 02, 2016 |
laprince: You are basing your claims on sentiments held by Nigerians? I lol! Economics is not dependent on the wishes and views of illiterates If that was the case there would be a limousine packed in front of every hut in Zungeru 1 Like |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by Lancasterman: 3:42pm On May 02, 2016 |
tuniski: If the naira has been devalued, then why has even the IMF been clamoring for devaluation of an already devalued currency. Is it that you are wiser than the IMF or what. Those who trade fx on platforms online trade at $1=N199. That's the real exchange rate. Anything else is a lie and a fallacy.. |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by onatisi(m): 3:42pm On May 02, 2016 |
Charly68:So in short you want him to be lying to you. This is the problem with Nigerians ,instead of you to analyze issues and take up the challenge ,you will rather prefer to be lied to. As long as industries continues packing up in Nigeria,importation will increase,the demand for dollars will increase 2 Likes |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by laprince(m): 3:44pm On May 02, 2016 |
AntiMahdi: You don't have a point. Go back and check, firstly, why you quoted me. |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by tammie24: 3:47pm On May 02, 2016 |
Stop deceiving yourself Will never happen! 1 Like |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by AntiMahdi: 3:47pm On May 02, 2016 |
Lancasterman: That is the whole hypocrisy of Buhari's voodoo economics The CBN rates are not in any way dependent on market forces but by Buhari himself which thus makes the naira partially devalued. The IMF is calling for full deregulation in currency trade which (depending on who is in charge) will see the naira further devalue. The real value of the naira is not what the CBN posts every week but what the parallel markets have set. This is why Buhari's voodoo economics has created a some what subsidy for the naira which has led to its scarcity. 2 Likes |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by AntiMahdi: 3:48pm On May 02, 2016 |
laprince: coming from some one who uses sentiments and popular opinion among the zombie populace as an argument in economics abeg shift from my side 1 Like |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by kayodescrib(m): 3:48pm On May 02, 2016 |
I pray so oo |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by onatisi(m): 3:52pm On May 02, 2016 |
AntiMahdi:Thanks for educating them . Ppl still believe buhari has a magic wand in his wardrobe that he will use to sort things out. I have been saying that by the time the full impact of buhari actions takes full effects ,it will take Nigeria another 8 years to get out of the mess created 2 Likes |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by laprince(m): 3:53pm On May 02, 2016 |
. |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by laprince(m): 3:53pm On May 02, 2016 |
AntiMahdi: You're plain boring. Can't even make a clear and sane point. |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by AntiMahdi: 3:54pm On May 02, 2016 |
onatisi: The last time he came and mess things up, it took nearly 32yrs to sort things out. I am afraid the business world will not have the patience to tolerate the possibility of another dunce like buhari ruling Nigeria and we all know come 2019 Buhari will never vacate Aso Rock when and not if he loses out. 1 Like |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by AntiMahdi: 3:56pm On May 02, 2016 |
laprince: Education always sounds boring to the ignorant pleb. If you are in desperate need for entertainment then go and watch one of those your yoruba nollywood videos. Nobody is here to entertain or educate you. zombie 1 Like |
Re: 3 Reasons Why The Naira May Appreciate Against The Dollar This Week! by yaki84: 3:57pm On May 02, 2016 |
Charly68: why r 180million nigerians so full n expectant of the federal govt budget? at the last count more than 30states in nigeria have passed n signed their budget to law, so why are they not monitoring events in their states? dont expect buhari's budget to carter for 180million nigerians cause its not possible. the states act as buffer zones n closest to the people now since local govt hv been pocketed by states. the only people who should be really expectant of this budget shud be party stalwarts, nigerians who get longlegs n people who r friends to those in government. aside that I dont see how the budget will make nigerians abi ameliorate the hardship we r facing presently when at the end they will still need to borrow to fund the deficit. 2 Likes 1 Share |
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