Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,165,241 members, 7,860,543 topics. Date: Friday, 14 June 2024 at 12:22 PM |
Nairaland Forum / Nairaland / General / Business / More Pressure On Naira Ahead Possible Interest Rate Hike (7315 Views)
Naira Scarcity: CBN's Update On Naira Notes For March 22nd, 2023 / GTB Suspends International Transaction On Naira Cards / 7 Banks Rake In N700bn Profit In 9 Months Amid Inflation, Rate Hike (2) (3) (4)
More Pressure On Naira Ahead Possible Interest Rate Hike by Islie: 7:42am On May 20 |
Financial experts have said there are concerns that the Central Bank of Nigeria (CBN) low net FX reserves and the defense of the naira sparked risk-off sentiments amongst foreign investors and limited inflows from Foreign Portfolio Investors (FPIs). https://dailytrust.com/more-pressure-on-naira-ahead-possible-interest-rate-hike/ 2 Likes 1 Share
|
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by PresidObi: 7:46am On May 20 |
He has a Chicago certificate, A failure will remain a failure. We warned all of you. 36 Likes 1 Share |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Beautifulday: 7:53am On May 20 |
eweqwatr: You know wetin be 10k? Just kill the country. The greatest achievement of Tinubu will be the return the economy where he met it. But, he can't do it. Like his predecessor, it keeps getting worse. We have seen the north rule. We witnessed their abysmal display of economic murder. The Southwest seem to be even worse. Though, we can't make conclusions until Tinubu is done. I hope Southeast won't be something of the book. 14 Likes |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Racoon(m): 7:59am On May 20 |
Another financial low won for Nigeria courtesy of a so called first class gbajue certificate forger accountant. The reality of this unfortunate incident is gonna hunt this nation for long. Meanwhile, 24 Likes 1 Share |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Racoon(m): 8:00am On May 20 |
"Financial experts said there are concerns that the Central Bank of Nigeria (CBN) low net FX reserves and the defense of the naira sparked risk-off sentiments amongst foreign investors and limited inflows from Foreign Portfolio Investors (FPIs)....." 9 Likes 1 Share |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by ecomalchemistt(m): 8:52am On May 20 |
Financial analysts in the mud already 5 Likes 1 Share |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Alhajikd: 8:52am On May 20 |
I told them that Gbola Tulumbu is a disaster and does not have any tangible thing to offer Nigerians 17 Likes |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Onyeigbo10000: 8:53am On May 20 |
Thank God it's affecting everyone irrespective of where you come from. 52 Likes 1 Share |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by 1x2x3: 8:53am On May 20 |
Where are those paid rats that kept chanting "Dollar is falling, sell it now". I told you guys what CBN seem to be doing was borrow and defend the naira which I considered a lame move, the moment an international paper called them out they stopped and naira started falling again. We must start manufacturing and exporting but that's not necessary, we need a coastal highway which is the most important thing now. 23 Likes 2 Shares |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by sofeo(m): 8:54am On May 20 |
It's well |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by jaxxy(m): 8:54am On May 20 |
So now they realise its not binance anymore? 12 Likes |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Nahunger(m): 8:55am On May 20 |
Lol NSA, CBN, EFCC HOW FAR?? This cardi B just dey do trial and Error.. 15 Likes 2 Shares |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Alhajikd: 8:55am On May 20 |
Fools and vagabond in power 12 Likes |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Robnectar(m): 8:56am On May 20 |
Onyeigbo10000: Elofokanbale gangin |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by ukaegbuikedia: 8:57am On May 20 |
It's a very terrible situation We keep on voting failures into power. 10 Likes |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by ukpahu(m): 8:59am On May 20 |
I am pain |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by fineboynl(m): 8:59am On May 20 |
. certain regions always make wrong choice with selecting the sit of power. This country is held down because of them. 15 Likes |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Brushstrokes20: 9:01am On May 20 |
By the time eBOLA is done ravaging the shyyythole with his notoriously useless anti people policies, Nigerians will be queueing up in droves for Somalia visa 🇸🇴💯💯😁😁😁🤣🤣😜 3 Likes |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Nwaokunkpara: 9:02am On May 20 |
What excuse Will be use in 2027 for the reelection of this total failure 🤔🤔🤔 9 Likes |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by VirtualHumour: 9:03am On May 20 |
What if You Could Land Your Dream Job? Imagine walking into a room full of top employers in Nigeria (or abroad). Amidst the sea of hopeful candidates, your CV shines bright, attracting attention and piquing interest. With our CV writing services, that dream can become a reality. We tailor your CV to ensure it not only looks the part but truly showcases your potential and achievements. Don't just take our word for it. Here's what Nuel C. from Lagos had to say: "Before using the Paulwelj CV services, I was sending out CVs with little success. After the revamp, I had 5 interview invites in just one week!" And Obeh G. from Kuwait says: "Thank you for a job well done. Thank you, I really do appreciate. New opportunities have opened to me. Thank you again." Why wait? Seize the opportunity and elevate your CV game. Our Whatsapp contact is in the flyer below. Chat us NOW! 2 Likes
|
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Hman12(m): 9:04am On May 20 |
Tinubu is working let's chillax and enjoy the ride. His paid agents will soon start attacking. May God help us it shall come to pass. Na my turn na my turn oya take am. See where we de 4 Likes |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by xristos(m): 9:04am On May 20 |
All is well |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by InvertedHammer: 9:06am On May 20 |
/ Believe it or not, all hope is not lost for naira. But it will never get to pre-Tinubu level again. The USA side of US$ support is almost over. The Fed Chairman Jerome Powell signalled halt on rate increases since inflation is gradually decreasing. Expectedly US$ has started and will continue to soften baring any fundamental event like major war. Nigeria needs to get her house in order to tap into this US shift in monetary policy. If Nigeria can't in this period, then it is really over for naira. / |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by elipheleh(m): 9:10am On May 20 |
Tinuboo and the South West are really the most uneducated people in Nigeria. We regret thinking the North was worst. Just look how they've ruined Nigeria. Economy =0, Security =0, Housing =0, Jobs =0, Education =0, Development = 0, Empowerment of Citizens = 0.everything is just zero. Fake certificate nincompo at the helm of affair with drugs and fraudulent allegations as president if a modern country. Spits on head of tribalistic idiots and monkeys we share same country with 3 Likes |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by jayce232: 9:10am On May 20 |
Beautifulday:Same way we screamed few years ago fuel will never get to 500, last time I bought fuel was 1k at a filling station. 1 Like |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by AcadaWriter: 9:10am On May 20 |
Financial analysts in the mud already |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by jayce232: 9:14am On May 20 |
It is now very clear binance had nothing to do with naira fall. They are just holding an innocent man 1 Like |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Doyin2(m): 9:16am On May 20 |
Insanity is when you keep on doing the same thing but expect different result. A productive, inflationary economy is far better than a non-productive,non-inflationary economy.Whereas Nigeria’s economy has remained non-productive,inflationary ,what a double tragedy! Highly insane CBN keeps on destroying the economy by increasing interest rates to “fight” inflation,yet inflation keeps on growing. Whereas a productive economy requires very low interest rates such that the productive sector could get access to cheap funds for MASSIVE production of goods and services,which price would thus be competitive both locally and internationally. When goods and services are massive in supply over the demands,prices would automatically crash on the long run. Keeping interest rate outrageously above the global average,is the highest level of financial stupidity. There is no short cut to the strengthening of the Naira. Only a very productive economy can guarantee a sustainably strong Naira! |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by Verbtips(m): 9:23am On May 20 |
ukaegbuikedia:you and who. i no dey vote voting na personal choice no nigeria politician worth my vote |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by tuoyoojo(m): 9:25am On May 20 |
To those support this government I have one question Kindly help me point out one single thing that the administration has done to improve the life of the common man. Just one thing 4 Likes |
Re: More Pressure On Naira Ahead Possible Interest Rate Hike by grandstar(m): 9:32am On May 20 |
With inflation at 31.9%, raising the MPR to 25.75% is a joke too far. This is nothing more than a slap on the wrist on inflation. The nation needs a weak Naira so expirts can boom. The president or those in charge don't seem to get that. This isn't an issue in regards to saving. The country desperately needs new sources for foreign exchange as an overdependent on crude oil has left both the budget and fx inflows prostrate. Had there been no petrol subsidies, and the Naira at 1,500 to a dollar, I believe debt servicing won't consume more than 40% of government revenue. This year's budget was based on $1- 750. That means government revenues would be very high and need for borrowing heavily reduced.This is far better than the estimated 96% of revenue it was projecred to consume last year. Were oil production to increase from 1.1m bpd to 1.8m bpd a day, the country could enjoy a surplus. I feel it would take about 2 full years starting from the start of thus government to achieve the feat. |
Banks In Nigeria Are Healthy-NDIC / If You Are Overpaid By Your Bank / Nigeria’s Crude Oil Export To Crash To 1.72 Million Barrels In October
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 34 |