Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,165,292 members, 7,860,699 topics. Date: Friday, 14 June 2024 at 02:32 PM |
Nairaland Forum / Nairaland / General / Business / CBN May Lose Control Of The Naira - Punch Editorial Board (24066 Views)
CBN May Not Clear FOREX Backlog — Report / New Note Crisis: CBN May Print Naira Abroad To Ease Cash Crunch / CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Eriokanmi: 1:30pm On Aug 14, 2023 |
joyandfaith:A very bad idea. Even those hailing the move at start are now wailing . They were thinking naira would never exceed 650 naira at the I&E window. Those who gave tinubu that idea simpy wanted him to fail. Now, they've succeeded. There's no way both cost-push and demand-pull inflation won't keep rising. How can the local industry grow with this bad policy? Local industries too dey buy materials for abroad nah. No be everything dem dey get locally. Every cost incurred would be incorporated into the cost of product per unit. Its a very bad move by tinubu. We're beginning to spend like those in the west, when the standard of living isn't relative. 5 Likes 1 Share |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Chucks13: 1:31pm On Aug 14, 2023 |
Meaning what? Loose control kwa? Guys stop disturbing us with all these depressing news it make no sense. Since some idiots have said they won't put politics aside, make Nigeria existence as their priority and refused to join hands to build our country then let's carry on with the doom no one should complain. We all Artikulated in 2019 clearly Atiku won but court thrashed it out and we moved on but surprisingly some cursed demons who are number enemy of Nigeria their candidate was beaten blue black to 3rd position but vowed to destroy Nigeria, no wahala let's enjoys it together "A stubborn man is the boss of a strong man". (Alagidi loga alagbara) wallahi Tinubu will rule for 8 years unshaken so if your choice is to pull down the country through all means due to personal hatred for Tinubu and the Yorubas oya pull it down it will fall on all regardless region or tribe. Pls if Naira like let it hit $1=N3,000 I don't care some countries worst than that heaven didn't fall. CBN biko loss control okwa ya? Everyone will pay the prize but to think using all means to frustrate this country to pave way for that idiot called Obi I will never work bitch obi will never rule Nigeria in his lifetime it is a promise. 1 Like 1 Share |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by yesloaded: 1:32pm On Aug 14, 2023 |
leokid866: It's not the same across Ogun state and oyo state Say what you know Go to IBEDC Facebook page to confirm my claims I can tell you areas enjoying steady power supply in Ibadan and some areas that enjoy less than cummulative of 1hr power supply in a month |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by me69: 1:36pm On Aug 14, 2023 |
The man started his presidency settling personal beefs with public office holders how is he going to succeed? They said Emiefele didn't know what he was doing buy in 3 months they have done worst than emefiele in 8 years. The anti corruption agencies will not work for Tinubu because of the way he has treated those institutions since becoming president. THIS IS JUAT THE BEGINNING, THE WORST MIGHT BE BE ON IT'S WAY 2 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by fx45(m): 1:37pm On Aug 14, 2023 |
Bovis:What is this illiterate rambling about? Like seriously? What has redesign got to do with the tanking value of the Naira? 2 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by VEHINTOLAR: 1:37pm On Aug 14, 2023 |
fx45: What's Igbophobia ? Mtcheww,that nonsense exists only in your head ! Why on earth do I need to fear any Igbo ? Igbo my foot ! You're not even in the equation as far as Nigeria is concerned ! Only mumus actually believed Peter Obi would win the last election. Believe it or not,it will be easier for a camel to pass through the eye of a needle than for any Igbo man or woman to become President of Nigeria ! I voted for Tinubu and I will do that 20 times over against any Igbo presidential candidate ! 1 Like 1 Share |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Panda7(m): 1:37pm On Aug 14, 2023 |
Tinubu is already a top flop. |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Kingpowerful: 1:37pm On Aug 14, 2023 |
Now I have come to believe that Lagos developments are autopiloted and not any of Tinubu fallacy legacy. 1 Like |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by fx45(m): 1:39pm On Aug 14, 2023 |
VEHINTOLAR:You didn't wait for me to finish before showing your true colour. Stop complaining. Relax we will enjoy the Tulumbu misgovernance together. It will favour you and your family. Asiwaju lokan! 4x4 - 2031 lokan! 2 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by lizko(m): 1:41pm On Aug 14, 2023 |
Nigerians always have ways of rubishing it's laws. Buhari went sex months without appointing cabinet. Lows are made for new president to appoint his carbinet within 60days, next thing was sending nominee's in die minutes and in baches without profolio. Next is creating law again for nominating all at once with profolio, screening within 60days. bjdon: 1 Like |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by fx45(m): 1:42pm On Aug 14, 2023 |
Kingpowerful:What development? What single infrastructure did Tulumbu build in Lagos? Mention just one and I'll credit your account with N50k this afternoon. 1 Like |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by badoh(m): 1:43pm On Aug 14, 2023 |
obyno82:Why would Buhari even commission a refinery that has not been completed let alone start operation? I know this decision was sold to him by some bad elements within his administration. Same things go to other Nigerian governors commissioning uncompleted projects few days to them leaving office. |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by worksmart(m): 1:54pm On Aug 14, 2023 |
Nigeria has a viral infection
|
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by discusant: 1:54pm On Aug 14, 2023 |
There is nothing Tinubu can do to stop the downward spiral of the Naira value against the other currencies in the world. The unprecedented rate at which the Naira depreciates every day since the beginning of Tinubu presidency is a clear message that Nigeria shall become a Pariah state with a president Tinubu; and that Tinubu is a wrong president for Nigeria |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by leokid866: 1:58pm On Aug 14, 2023 |
yesloaded:Oga I'm not arguing with you on IBEDC....and I said in "pockets" not all over the state....if you like move yourself and business closer to the pockets or stay and be fighting the BEDC....it will cost more but at least you have peace of mind on electricity supply..... |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by leokid866: 2:00pm On Aug 14, 2023 |
obyno82:lol.....because you don't know it exists doesn't mean it doesn't exist......try and take a look at the electricity market and see all of its players......... |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by gannod(m): 2:00pm On Aug 14, 2023 |
EconomistXplain: |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by leokid866: 2:01pm On Aug 14, 2023 |
obyno82:okay....stay in your struggle then.....😁 |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by CodeTemplar: 2:01pm On Aug 14, 2023 |
joyandfaith:it wasn't really a bad idea but was done hastily and wrongly. If refineries were working and no dollar was needed for import of petrol, diesel and kerosene or gas, that would have gone a very long way in reducing the current demand of dollar and kept Naira much stronger. Even petrol subsidy could have been maintained had the leakages they alleged was confronted for what it was - corruption - but they were only after cosmetics measures that will swing indices briefly. Economics is 99% production centered, we missed that part in black Africa. 1 Like |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by SIRTee15: 2:03pm On Aug 14, 2023 |
Cc nairalanda1 Nairaland number one armchair liberalisation economy champion. So the question is when should govt intervene in their free fall economic agenda called liberalisation. When fuel becomes 2000 naira per litre or when one dollar is 2000 naira. God bless u as u answer. |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Cromagnon: 2:04pm On Aug 14, 2023 |
joyandfaith:so making cbn governor round tripping God is a good idea? Has naira ever sold at noon float price? Or black market 1 Like 1 Share |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by obyno82: 2:06pm On Aug 14, 2023 |
leokid866:Oga just have shame and stop lying abeg |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Cromagnon: 2:07pm On Aug 14, 2023 |
yesloaded: He has privatized electricity Unfortunately this is coming 50yrs late so cannot happen overnight meantime a good govt policy
|
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Cromagnon: 2:09pm On Aug 14, 2023 |
SmartPolician:but how are the multi nationals doing it Brewries Coke Levee Brothers etc |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Kukutente23: 2:10pm On Aug 14, 2023 |
9jatriot:You guys will not stop deceiving yourselves. Who are the subsidy cabal? Can you give us their names? There's no cabal anywhere other than govt inefficiency and corruption which they just codenamed cabal to divorce themselves from culpability. Now that subsidy has been removed, who has been able to import petrol? Why not? Is it the cabal that's stopping the importation by private bodies? Nigeria's systems have been bastardised by our ruling elite and they are still not contrite enough to stop. They only need useful idiots among the populace to provide cover for them. 3 Likes |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Basicend: 2:11pm On Aug 14, 2023 |
They have already lost it. Terrible planning by Tinubu and his govt over this naira policy. 1 Like |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Coronavirus1: 2:11pm On Aug 14, 2023 |
SmartPolician:Which December next weekend? 1 Like |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by worksmart(m): 2:13pm On Aug 14, 2023 |
There could is no benefit or Nigeria in devaluation since we do not export much and oil that we do export is traded in dollars and has it price set by OPEC Even then Japan or no reponsible country allows it's currency to go into free fall. AsomughaChuks05: |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by themanderon: 2:16pm On Aug 14, 2023 |
This naira I am seeing will soon go the way of the defunct Zimbabwean dollar. It only goes up and doesn't come down. If they truly want the value to rise they should ban all politicians from maintaining bank accounts out of the shores of Nigeria. Naira will return to it's default value but will they ever do this? Naaa. 1 Like 1 Share |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by joyandfaith: 2:19pm On Aug 14, 2023 |
Cromagnon: Why should poor people suffer from few corrupt government officials? Subsidy was also removed on petrol because NCS cannot stop smuggling . |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by joyandfaith: 2:19pm On Aug 14, 2023 |
CodeTemplar: Exactly |
Re: CBN May Lose Control Of The Naira - Punch Editorial Board by Neoteny7: 2:29pm On Aug 14, 2023 |
SalamRushdie: All these armchair economists with their agricultural IQ are sprouting all over the place claiming some kind of economic expertise when they're likely jobless trolls misusing the token 10mb MTN gives away to the needy and destitute. Imagine the nerve thinking you know more than the seasoned experts. 1 Like 1 Share |
(1) (2) (3) (4) (5) (6) (7) (Reply)
“There’s No Rich Man On Earth That Is A Salary Earner” - Pastor Olumide Emmanuel / FG Takes Ownership Of Funds In Bank Accounts Not Linked To BVNs / CBN, Western Union Launch Foreign Remittance Service
(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. 77 |