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Nairaland Forum / Nairaland / General / Politics / $1/900 Why CBN Must Avoid Emefiele's Mistake (3932 Views)
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Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 8:08am On Mar 29 |
KingKO22: IPOB, obedient or Baptist, I don't give a hoot. Let the dollar get to 100naira /$ I will still keep buying dollars. |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 8:09am On Mar 29 |
Johnjustice: Let it sink. It has sunk many lives already. What goes around comes around. |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Brenbentondiaz: 9:16am On Mar 29 |
I always advise you developers not to dabble into anything that's more complex than 2 by 2 shop okrika trading or traffic sales. Your brains (let's pretend that thing in your head is called that) is not developed enough to grasp anything beyond petty trading. 1 Like |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Johnjustice: 9:33am On Mar 29 |
Birdbyrde440:Kid |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 12:54pm On Mar 29 |
1 Like |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 12:56pm On Mar 29 |
Brenbentondiaz: Why una de vex?! Na by force |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by oyatz(m): 4:26pm On Mar 29 |
Birdbyrde440: This kind of Mentality is the differences between UK and Nigeria. It is not about earning a living, but what do multi-millionaire in dollars do to earn such humongous money and how much to they pay as tax? In the UK, you can't just become a multimillionaire without a workbase with appropriate tax profile. As a matter of fact, in the UK, France, Germany and other Western European countries, you can NOT become very rich suddenly, your financial statements must be balanced. You must show workings! The system can predict your expected incomes for years if you on a particular path. In Nigeria, a young man just graduating from the University, with no work experience can come home with a Jeep worth #20 million and people will be celebrating him. Most Nigerians have negative mentalities to work ethnics and wealth creation There is no shortcut to real and sustainable wealth. 1 Like |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 9:37pm On Mar 29 |
oyatz: That is why I said your thinking is still stuck in web2. With all due respect, ok in 2021 when btc was $69k, Ltc was $400. Its 2024 and bitcoin is back to $69k, and ltc is at 100$, Where do you think ltc is heading to? Hint: LTC always follows BTC Its not rocket science my gee With this information you can make money, you don't need to be a guru |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by worksmart(m): 9:49pm On Mar 29 |
People who took our currency as low a N2000/1$ are criticizing the honourable ex-CBN governor Emefiele, (that they illegally removed ) who never took it below N750/$1 Make it make sense |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Dalohad: 9:57pm On Mar 29 |
Birdbyrde440: I am waiting to buy more dollars. Just like these politicians are protecting themselves. I have the right to protect my finances. I pray that oil dries up, so that natural selection can do it's job.. No be me spoil Nigeria. I no go follow una suffer wetin no concern me. |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Donaldoni: 12:13am On Mar 30 |
Dalohad: Where will you see the dollars to buy? Day don break bro |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 3:51am On Mar 30 |
Dalohad: You are right. Protect your finances Fiercely, no look uche face |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 3:52am On Mar 30 |
Donaldoni: In the mid air! |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Donaldoni: 10:19am On Mar 30 |
Birdbyrde440: The era of just walking down the street to get dollar is gone! 1 Like |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 10:23am On Mar 30 |
Donaldoni: Banks must have sufficient $$ to cater for the fx needs of the population |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Donaldoni: 10:27am On Mar 30 |
Birdbyrde440: 'Needs' doesn't include hoarding and speculation. Earn dollars. Don't hoard it. |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by kingsways: 10:32am On Mar 30 |
Birdbyrde440:N900 /$ is a realistic target. The black market rate when Buhari left was around N700. The black market rate is the rate at which Dollar is available to anyone who wants to buy 1 Like |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 11:12am On Mar 30 |
kingsways: Is there sufficient fx liquidity to peg it at 900? How much is a litre of fuel in the international market? N680 , $0.5? Is Tinubu and his team clueless? |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 11:55am On Mar 30 |
Donaldoni: I earned it and decide to hoard and speculate massively, you can not decide for me how to use my sweat. I will hoard it and speculate with it as I so please. |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by benjyyyyy07: 2:22pm On Mar 30 |
drlateef:
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Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by kingsways: 2:52pm On Mar 30 |
Birdbyrde440: Yes thereโs enough liquidity. Nigeria still sells crude and thereโs foreign remittances |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 4:27pm On Mar 30 |
kingsways: What about debt servicing? |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by drlateef: 5:17pm On Mar 30 |
[quote author=benjyyyyy07 post=129183837][/quote]
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Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 6:29pm On Mar 30 |
[quote author=drlateef post=129186422][/quote] Wow |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Donaldoni: 7:15pm On Mar 30 |
Birdbyrde440: Goodluck |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 7:33pm On Mar 30 |
Donaldoni: Badluck to you gee |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Donaldoni: 9:24pm On Mar 30 |
Birdbyrde440: Back to sender. It's obvious you are in pains. Naira will continue to appreciate. CBN won't give you dollar to speculate with. Ntoooorrr |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 9:56pm On Mar 30 |
Donaldoni: Your tears is sweet. Badluck |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Donaldoni: 11:08pm On Mar 30 |
Birdbyrde440: Olod*! Naira is appreciating |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Bizibi(m): 12:49am On Mar 31 |
ttime:whatever they are doing is short-term,the government need to increase export and remove bottlenecks,that is the reality if they want to progress and strengthen the naira.the cashinflow of dollars is still low. |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 5:30am On Mar 31 |
Donaldoni: Let it appreciate, I like it , things will soon get cheaper and I can buy more dollars for cheap and hoard |
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by ttime(m): 12:18pm On Apr 05 |
Bizibi: But have u even taken time to analyze what they're doing? Or u just imagine and believe ur imagination. Wait until the banks recapitalization to 500bn kicks in, you'll see more dollars flood the market. All those hoarding dollars have no option than to offload it. Now that parallel market is even lower than cbn rate. That's what good policies do. The policies onground make it difficult for bdcs to fix dollar rates anymore. Cbn is directly in charge of dollar sales, meaning they can even decide to sell it for #350 if they so wish. Now, crude oil sales goes straight to cbn, so there will always be dollar liquidity. Interest rates are almost at 30% So fdi is growing everyday, more inflows... Dangote refinery is rolling out products, first diesel and aviation fuel, diesel already fell from #1700 to #1300 in Lagos for the first batch alone. Dangote will sell Petrol to Nigerians by next month, meaning nnpc will no longer need to buy dollars from banks to buy Petrol from foreign tankers... Again, with all these in view, tell me why u think the current policies are for the short term... |
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