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Nairaland Forum / Nairaland / General / Business / Nigeria Loses N6.33tr To Naira Devaluation. The Guardian (7780 Views)
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Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by Flexherbal(m): 6:27am On Sep 26, 2016 |
• Real debt stock hits N19tr http://m.guardian.ng/news/nigeria-loses-n6-33tr-to-naira-devaluation/ 1 Like
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Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by Flexherbal(m): 6:34am On Sep 26, 2016 |
Devaluation in modern monetary policy is a reduction in the value of a currency with respect to those goods, services or other monetary units with which that currency can be exchanged. "Devaluation" means official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency. In contrast, depreciation is used to describe a decrease in a currency's value (relative to other major currency benchmarks) due to market forces, not government or central bank policy actions. Under the second system central banks maintain the rates up or down by buying or selling foreign currency, usually but not always USD. The opposite of devaluation is called revaluation. Reference: https://en.m.wikipedia.org/wiki/Devaluation Mynd44 and Lalasticlala maybe we should send all Nairalanders to research, on how to rescue Nigeria, our Country. This is the only country we have. |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by speedyconnect3: 6:37am On Sep 26, 2016 |
i thought they said no to devaluation?
Well devaluation usually has a benefits in the long run 1 Like |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by oyatmicah(m): 6:39am On Sep 26, 2016 |
and dey will b calling d money anyhow, no respect for trillions in my country again 7 Likes 1 Share |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by SamuelAnyawu(m): 6:43am On Sep 26, 2016 |
Chineke Nna where are the APC Zombies 2019 we can't wait to send Pa Buhari back to Daura to enjoy a good time with his Grand kids 18 Likes 1 Share |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by okosodo: 6:49am On Sep 26, 2016 |
And they will lose more since buhari is still on jamboree. After all anything that happens, jonathan is there to take the blame 31 Likes 1 Share |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by Tallesty1(m): 6:54am On Sep 26, 2016 |
Jonathan forced Buhari to devalue the Naira - Lai Mohammed 38 Likes |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by deeLima86(m): 11:18am On Sep 26, 2016 |
A Female Flatmate Needed @ A-kins Ajah//250k annually. Contact Amara @ 07010768591 |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by Chipappii(m): 11:18am On Sep 26, 2016 |
So Buhari later devalued the naira? I know Efcc will later find the money in Patience Jonathan's dog's account. Senseless govt. Senseless zombies. Meanwhile the offer is still on We really need to sell most of our national assets. Starting with buhari and his economic teams. Let the bidding commence. Bidding is only available to countries that can withstand these disasters like usa and uk. It is purely restricted to kenya and Zimbabwe mostly and other african counties. We don't want africa to go into recession. And additional bonus pack comprising of the party APC, lai Mohammed especially is to be presented also to the winner. Some parts of northern and western Nigeria is also up for sales. Contact Omenka, Ngeneukwenu and Beremx for more details. For payment please contact me @ chipappii@nairaland.com 15 Likes 1 Share |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by Clone2020(m): 11:18am On Sep 26, 2016 |
If you want to send relatives money in Nigeria, I will buy your dollars @385/$ while you deposit into my US bank account. Dont even bother with western union and co, they exchange for 330/$. All transactions are done within 1 minute. Call or whatsapp, see contact in signature. |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by mencade5(m): 11:19am On Sep 26, 2016 |
The past administration is responsible for this - useless brainless buhari 11 Likes |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by omoikea(m): 11:19am On Sep 26, 2016 |
where we dey go for this country shey na like this we go dey dey 1 Like |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by funnynation(m): 11:20am On Sep 26, 2016 |
The way people dey call dis big big money make me know say money no get value again.. Na die person dey so! Do you know you can speak China......... Now pronounce this words fast... ''My shoe shall soon shine" *Nairaland official comedian* *Irep042* *AbjFinestMC* *CFR* 1 Like |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by Victorakats(m): 11:20am On Sep 26, 2016 |
Q |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by KingsCity: 11:21am On Sep 26, 2016 |
This is over six times the amount lost to subsidy fraud! 5 Likes |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by mencade5(m): 11:21am On Sep 26, 2016 |
Yor -robber muslims. Hope u people are emjoying ur change. Betrayers! 13 Likes 1 Share |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by Nobody: 11:22am On Sep 26, 2016 |
Make I buy one plot of land here |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by oderinde151(m): 11:23am On Sep 26, 2016 |
Dis Buhari dey vex me [color=#990000][/color] 4 Likes |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by prinsam30: 11:24am On Sep 26, 2016 |
and where the hell is that KemiAdeosun and her London used English 11 Likes |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by Nobody: 11:24am On Sep 26, 2016 |
See our regular two mouthed Nigerians wailing, when the President was being dilatory about devaluation, you emergency economists came up shouting devaluation, now the currency have been devalued, you still condemning. So you never knew that devaluation would come at a cost? I thought you were all Harvard economists now? I saw the thread that was asking what we would do if we become presidents, majority of you guys were spewing out inanities. 3 Likes |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by benueguy(m): 11:25am On Sep 26, 2016 |
E no consign me |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by Icecomrade: 11:27am On Sep 26, 2016 |
Lolz 1 Like |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by ochuciano(m): 11:32am On Sep 26, 2016 |
deeLima86: with 250k she can get her own, Where is d benefits here? 3 Likes |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by c4tnoelz: 11:32am On Sep 26, 2016 |
What Nigerians lost when dz baba go slow came on board and are still loosing is beyond our imagination. 1 Like |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by Badtman(m): 11:35am On Sep 26, 2016 |
GOOD News |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by ArabMopol(m): 11:36am On Sep 26, 2016 |
how I wishes my uncle that spent nearly 3 decade's in Gotham city will come back now with big Ghana must Go bag filled up with Us dollars... what am I saying we are about planing his burial while he still much alive in State... God u choose to give Visa to those that don't know what to do with it in the other comments, King Buhari is fantastically ignorance stupid and incalculable gworo chewing cow sipping dung, kunu drunken master 2 Likes |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by garriguy: 11:36am On Sep 26, 2016 |
speedyconnect3:it never does. Jonathan devalued twice, IBB also did, many times where has it gotten us? All the people shouting 'devaluation' I hope your eyes don clear? |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by KINGwax007(m): 11:39am On Sep 26, 2016 |
Bolustic:u dey mind them? |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by shammah1(m): 11:41am On Sep 26, 2016 |
Buhari and APC has destroyed Nigeria. 3 Likes |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by bejeria101(m): 11:43am On Sep 26, 2016 |
Change is here,zombies go still support dis inept,olodo V12 govt. No rice for u for xmas. 3 Likes |
Re: Nigeria Loses N6.33tr To Naira Devaluation. The Guardian by afanide: 11:56am On Sep 26, 2016 |
This is Good News for EXPORTERS You want to go into Exportation Of Nigeria Commodities (Business) Check my signature.... |
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