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CBN Floats The Naira, The Implications For You And I - Business (2) - Nairaland

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Re: CBN Floats The Naira, The Implications For You And I by macanu(m): 3:48pm On Jun 15, 2016
Confusion everywhere

2 Likes

Re: CBN Floats The Naira, The Implications For You And I by Macwytt(m): 3:48pm On Jun 15, 2016
Duly Noted. Buh We The 5% Still Want "OUR OIL BACK"



President, 5%

5 Likes

Re: CBN Floats The Naira, The Implications For You And I by buJu234: 3:49pm On Jun 15, 2016
Trial and error economy...

because CBN govt. is a banker & finance minister Kemi was a banker/accountant..

None of them; I mean None of them is an economist..

can u see the reason for this trial & error economy??

8 Likes

Re: CBN Floats The Naira, The Implications For You And I by Femich18(m): 3:49pm On Jun 15, 2016
I hope it favours the masses that's my only prayer. Anyway Monday is here I've got my fingers crossed

In other news 2moro is Thursday...Baba should come back o cos we Ve missed him

4 Likes

Re: CBN Floats The Naira, The Implications For You And I by yemmight(m): 3:49pm On Jun 15, 2016
adebrave1:
I don't understand all these stuffs

You are not a businessman.

My own be say when I want to buy garri, rice, tomatoes, pepper, yam, phones and other trivial things let them be cheap and affordable.

I studied biochemistry and as such I can't comprehend the forex trading stuff. I don't understand it all.


As far as e no affect garri and rice. No shit. If not the government are in trouble oh.



Re: CBN Floats The Naira, The Implications For You And I by busolakun(m): 3:49pm On Jun 15, 2016
Good economic decision for once since. Now we will know the real worth of NGN.

7 Likes

Re: CBN Floats The Naira, The Implications For You And I by Nobody: 3:49pm On Jun 15, 2016
Sai Buhari shocked
Re: CBN Floats The Naira, The Implications For You And I by nancy4nast(f): 3:50pm On Jun 15, 2016
lets wait till lipsrsealed
Re: CBN Floats The Naira, The Implications For You And I by oneitalia: 3:50pm On Jun 15, 2016
Please can any economist explain how the naira floating will affect common man?

6 Likes

Re: CBN Floats The Naira, The Implications For You And I by bodee(m): 3:50pm On Jun 15, 2016
Monday is around the corner, I believe this will bring about a level playing ground for everyone. Also, this will propel the flow the dollar and hence market competition and its glaring advantages.

2 Likes

Re: CBN Floats The Naira, The Implications For You And I by Ademat7(m): 3:50pm On Jun 15, 2016
so why d suspense? same thing during ministerial nominee #nothingnew just as expected

3 Likes

Re: CBN Floats The Naira, The Implications For You And I by Nobody: 3:50pm On Jun 15, 2016
Money market just got interesting.... see me rushing to the bank


I predict the price will rise sharply from N350 to around N500 then drop back after a couple of weeks to less than N300 .... if this government people don't change their mind halfway sha



That primary dealer stuff sha get as e be... I bet some people are going to be eternally rewarded for loyalty to change

7 Likes

Re: CBN Floats The Naira, The Implications For You And I by collinsVP: 3:50pm On Jun 15, 2016
What is the naira - dollar cycle

Inflow:

1. Oil export
2.reparterations from Nigeria experteraits
3.other non oil exports( agricultural products)
4.expertrates coming into the country for tourism and investments etc.

Outflow:
Import of goods
Payments of fees in dollars abroad
etc.

The point is if the difference was negative naira will continue to suffer.

Fact is; the economy is such that no foreign investment will be attracted and the incessant changes in government policy among other factors will continue to scare foreign investment.

I see a deeper exchange rate

3 Likes 1 Share

Re: CBN Floats The Naira, The Implications For You And I by hotdi(m): 3:51pm On Jun 15, 2016
joseph1013:
After crashing the economy with his stubbornness, Buhari goes back to his vomit and does the same thing he swore not to do, both on local and international media.

May we not be cursed with leaders whose egos are bigger than the common good of the masses.

There is right time for everything. The right time is now.
Point of correction, this is not Naira devaluation he rejected.

6 Likes

Re: CBN Floats The Naira, The Implications For You And I by Dharnchuks(m): 3:51pm On Jun 15, 2016
Economy Gberraaaa. grin grin grin



Inception:

i tire!
Re: CBN Floats The Naira, The Implications For You And I by yemmight(m): 3:51pm On Jun 15, 2016
buJu234:
Trial and error economy...

because CBN govt. is a banker & finance minister Kemi was a banker/accountant..

None of them; I mean None of them is an economist..

can u see the reason for this trial & error economy??

You guys should just be positive for once. Government has taken drastic measure to manage the economy. This is just today and you have started criticizing negatively. Are you positive in your life at all?

21 Likes

Re: CBN Floats The Naira, The Implications For You And I by agitator: 3:51pm On Jun 15, 2016
davide470:



http://nairametrics.com/its-official-cbn-floats-the-naira-the-implications-for-you-and-i/

Finally devalued, by the no nonsense new sherifat. grin grin grin

1 Like

Re: CBN Floats The Naira, The Implications For You And I by hamrad(m): 3:52pm On Jun 15, 2016
Good step
Re: CBN Floats The Naira, The Implications For You And I by ideaz: 3:52pm On Jun 15, 2016
Learning on the job continues....
Re: CBN Floats The Naira, The Implications For You And I by Segunbills(m): 3:52pm On Jun 15, 2016
CBN and Buhari be like

4 Likes

Re: CBN Floats The Naira, The Implications For You And I by delzbaba(m): 3:53pm On Jun 15, 2016
Doesn't look or sound like a good thing oh.its like they've thrown nigeria to the sharks.

2 Likes

Re: CBN Floats The Naira, The Implications For You And I by almujeebe(m): 3:54pm On Jun 15, 2016
Can somebody explain this to me in a lay man term
Re: CBN Floats The Naira, The Implications For You And I by docadams: 3:54pm On Jun 15, 2016
Hmmmmmmm

How I wished PMB inherited a stable economy. How fair will it be to berate a man bequeathed a dismembered nation in just one year in office. We need the strength of Hitler's Germany, the hope of post war Japan, and the endurance of the Pakistani SSG.

6 Likes

Re: CBN Floats The Naira, The Implications For You And I by designking: 3:54pm On Jun 15, 2016
Nice move!

This government is really focused and plans deeply. You don't make forex policies by using sample data from very long past time frame. The best way to build a true forex system is to put out a strategy(demo) and test it against the current market fundamentals over a period of time; then re-access your system, adjust or approve it for full scale(live) use.

What this government has done is opening the Naira for real trading, creating more investors confidence, better volatility and liquidity. This will surely place the Nigeria economy ahead of most Africa economies.

19 Likes 2 Shares

Re: CBN Floats The Naira, The Implications For You And I by Hardeyoye: 3:54pm On Jun 15, 2016
Please simplify this in a layman's way of understanding so we can know what tomato's price will be

1 Like

Re: CBN Floats The Naira, The Implications For You And I by Owliver(m): 3:54pm On Jun 15, 2016
Inception:
i tire!
funny pics

1 Like

Re: CBN Floats The Naira, The Implications For You And I by ybalogs(m): 3:55pm On Jun 15, 2016
It's for the best. Let's just keep praying for a positive turn of events.
God bless Nigeria and Nigerians.

1 Like

Re: CBN Floats The Naira, The Implications For You And I by Nobody: 3:56pm On Jun 15, 2016
joseph1013:
After crashing the economy with his stubbornness, Buhari goes back to his vomit and does the same thing he swore not to do, both on local and international media.

May we not be cursed with leaders whose egos are bigger than the common good of the masses.
He had a rethink because he isn't a Biblical Pharaoh of Egypt.

It's never a crime if someone changes his/her mind on something. ....

9 Likes

Re: CBN Floats The Naira, The Implications For You And I by Nobody: 3:56pm On Jun 15, 2016
Pls somebody explain this thing cos i dont understand anything

2 Likes 1 Share

Re: CBN Floats The Naira, The Implications For You And I by mn09abk: 3:57pm On Jun 15, 2016
hotdi:


There is right time for everything. The right time is now.
Point of correction, this is not Naira devaluation he rejected.
No mind am...him no even understand the news

2 Likes

Re: CBN Floats The Naira, The Implications For You And I by IBBG(m): 3:57pm On Jun 15, 2016
which means the forces of demand and supply will determine the exchange rate. instead of the artificial rate of defending the naira with scare forex
Re: CBN Floats The Naira, The Implications For You And I by Nuahall2k14(m): 3:58pm On Jun 15, 2016
How much Will banks then be charging wen one is withdrawing from ATM abroad. Which xchange rate Will they be using?

4 Likes

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