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Nairaland Forum / Nairaland / General / Business / Has Osinbajo Tamed The Dollar? (31806 Views)
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Re: Has Osinbajo Tamed The Dollar? by bodejohn(m): 4:48pm On Mar 02, 2017 |
kjhova: I support some actions of this government even though it might be very unpopular, but the hopes of reviving the economy solely lies on the government in this case that investor confidence is missing. Government need to look for money to spend in the real sectors of the economy. We need to kick start the engine of our economy before we begin to think of moving into any of the forward gears... |
Re: Has Osinbajo Tamed The Dollar? by deflover(m): 5:13pm On Mar 02, 2017 |
People are funny I never said hoard dollars I mentioned keeping your bulk money in dollars so as to beat the system when naira starts crashing again which has started slowly |
Re: Has Osinbajo Tamed The Dollar? by agabaI23(m): 6:01pm On Mar 02, 2017 |
Kondomatic:Smart ass. Now this is it. He has absconded oo. Unto my Facebook things. Buhari has absconded oo |
Re: Has Osinbajo Tamed The Dollar? by KEVEX: 7:56pm On Mar 02, 2017 |
This is a very unpatriotic post. The op is just a loser wailing over depreciation of his stashed dollars. He claims to be analytical and is being cheered by losers of his like mind; but the truth is glaring, he's not happy with the appreciating Naira...and he will never be. Let any idiot, who can, buy and stash the dollar as he advised, do so. The CBN's hammer will keep falling on these little demons. 1 Like |
Re: Has Osinbajo Tamed The Dollar? by Kolade9(m): 8:20pm On Mar 02, 2017 |
ISTANDWITHBUHAR: Olodo,another partt enter power dollar price skyrocket,who we go blame? Why e no happen for the last administration? |
Re: Has Osinbajo Tamed The Dollar? by Kolade9(m): 8:21pm On Mar 02, 2017 |
Kolade9: |
Re: Has Osinbajo Tamed The Dollar? by Nobody: 9:57pm On Mar 02, 2017 |
What you are suggesting is still called HOARDING. Official currency in Nigeria is Naira... telling salary earners to buy dollars with their Naira to keep in their homes or offices would create serious problems for the Naira and our economy! If Nigerians keep their dollars in the bank then it would not make a difference because the banks would just sell it to manufacturers that need it to import machinery and raw materials. You are a currency trader trying to push Nigerians to engage in panic buying of dollars. deflover: |
Re: Has Osinbajo Tamed The Dollar? by Nobody: 9:59pm On Mar 02, 2017 |
He is a currency trader that made some loses when the naira strengthen against the dollar... the post is to increase demand for the dollar. KEVEX: 1 Like |
Re: Has Osinbajo Tamed The Dollar? by 4Play(m): 10:24pm On Mar 02, 2017 |
It is telling that the most liked post on this thread is an emotive outburst admonishing the OP for advising people to buy/hoard dollars. It's a classic Naija resort to framing complex matters in moral terms. Here is the reality: The CBN has provided dollar liquidity - in contrast to its previous preference to hoard dollars - which has allowed the Naira to appreciate. However, unless the CBN has an unlimited supply of dollars (unlikely except we have a sustained rise in oil prices), the present Naira appreciation is not sustainable. Advising people to take precautionary action (even if motivated by the OP's forex speculation activities as some have alleged) is hardly immoral. This is not a question of morality but one which should be examined through the prism of the soundness or unsoundness of the financial advice. One can frame the issue instead as follows: if the Nigerian government embarks on wrongheaded and or unsustainable forex policies, one ought to take precautions to insure against the adverse effects of such policies. For those who accuse the OP and his ilk of causing the Naira's collapse, it is not the OP who is causing the Naira to collapse but the government's policy regime which makes the Naira's collapse inevitable. The OP is simply investing in a way that aligns with his prognosis of an inevitable collapse of the Naira, notwithstanding short-term reprieves as we have witnessed in the last few days. This is not a matter of patriotism/morality. The patriotic thing to do is to ask the government to overhaul its policies so that buying the Naira becomes most investors preference over the long run. 3 Likes |
Re: Has Osinbajo Tamed The Dollar? by mykelmeezy: 10:26pm On Mar 02, 2017 |
bodejohn: i school abroad n my parents ain't politicians nor have relation to any that mentality of only the rich school abroad is a facade life aint rosy for most of us here nobody milked Nigeria my parents work for their money buhari had 1 million naira only n how many cows yet could have 3 kids in the UK there are farmers who have kids abroad does that mean they r milking Nigeria when those abroad send dollars home doesn't it help our economy?? |
Re: Has Osinbajo Tamed The Dollar? by deflover(m): 10:43pm On Mar 02, 2017 |
4Play: I guess they think its all about loyalty to naira Even if they will later complain of naira loosing its purchasing power 1 Like |
Re: Has Osinbajo Tamed The Dollar? by ISTANDWITHBUHAR: 11:30pm On Mar 02, 2017 |
Kolade9: You should be ashamed of yourself, When the last administration was in power how much was crude oil per barrel? It's between $100 to $140 per barrel and we are exporting 2.2million barrel per day.. When Buhari take over how much was crude oil price? $28 per barrel and we are exporting less than 1.5million barrel per day.. Maybe you need to go back to your economics teach to learn more about how economy of a country is run.. 1 Like |
Re: Has Osinbajo Tamed The Dollar? by mecussey(m): 11:46pm On Mar 02, 2017 |
deflover: Me tooo, i notice am...its better to store money in dollars unless trump do another thing. 1 Like |
Re: Has Osinbajo Tamed The Dollar? by Kolade9(m): 12:45am On Mar 03, 2017 |
ISTANDWITHBUHAR: yaaaaawn 1 Like |
Re: Has Osinbajo Tamed The Dollar? by ISTANDWITHBUHAR: 1:04am On Mar 03, 2017 |
Kolade9: That's all you can do as you have no point.. |
Re: Has Osinbajo Tamed The Dollar? by MOBBDEEP: 1:14am On Mar 03, 2017 |
Boss13: I don't know if it's me alone, but I'm feeling you Brother!!! |
Re: Has Osinbajo Tamed The Dollar? by bodejohn(m): 8:09am On Mar 03, 2017 |
mykelmeezy: You should consider yourself lucky to have had those opportunities. If you think it wasn't easy abroad, you need to visit lecture & residence halls of tertiary schools in Nigeria. Did you seriously mean that children of the poor can school abroad? May be you are referring to those old times when we had Company/government scholarships. You have to be very comfortable to even dream of attending private universities in Nigeria talk less of travelling abroad. I hope we are talking about the same Nigeria. And on that of Gen Buhari sending his children to universities in UK, I have no comments...I won't want to derail the thread. |
Re: Has Osinbajo Tamed The Dollar? by mykelmeezy: 8:30am On Mar 03, 2017 |
bodejohn: lol derail bro i don't mean to instigate political hate I brought up pmb case to show even the "poor" could afford it..... n no im talking normal there are schools here that have fees of like 3500usd some people got in 2014 or 2015 you should realize when the dollar rose our school fees rose by over 150% take for instance china schooling in china is almost as cheap or even cheaper than schooling in some private schools here.... but i must say sending kids abroad should be a nono for fixed salary earners...... |
Re: Has Osinbajo Tamed The Dollar? by deflover(m): 9:02am On Mar 03, 2017 |
Today dollar is 458 Hope the buy naira to save Nigeria group can see The fall was artificial And like make up You ve to wash it off before you sleep Its time to be wise Don't let inflation Devaluation kill your spare cash Protect yourself Buy dollars and keep That's the new gold |
Re: Has Osinbajo Tamed The Dollar? by Nobody: 9:32am On Mar 04, 2017 |
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Re: Has Osinbajo Tamed The Dollar? by Nobody: 10:31am On Mar 07, 2017 |
welcome my business minded people . Contact me if you have gift cards...i need iTunes and Amazon.. i also buy e codes and also from $25- $500 denomination for iTunes. Physical card /270- 300 Ecode/ 200-250 this depend on daily $ market price. we sell & buy bitcoin. contact me for deal right away..no time waster Call& Whatsapp: 08051671260 yuppy101 the name you can trust. |
Re: Has Osinbajo Tamed The Dollar? by Nobody: 8:48pm On Mar 23, 2017 |
@deflover are you still encouraging people to buy dollar and keep at home? |
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