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Nairaland Forum / Nairaland / General / Politics / Buhari Takes Over Central Bank Naira Management - Bloomberg. (38488 Views)
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Buhari Takes Over Central Bank Naira Management - Bloomberg. by biafranbaby(m): 5:18pm On Jan 29, 2016 |
Our current retired dictator has once again ignored the democratic independence of the central bank of federal republic of nigeria and insisted that he is in charge of our monetary policy. See for yourself. Nigeria’s President Muhammadu Buhari erased any doubt about who is in charge of currency policy in Africa’s biggest economy -- to the detriment of the central bank’s independence. http://www.bloomberg.com/news/articles/2016-01-29/buhari-blights-nigerian-central-bank-independence-to-save-naira 23 Likes 6 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by INTROVERT(f): 5:26pm On Jan 29, 2016 |
2 Likes |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by Progressive01(m): 5:29pm On Jan 29, 2016 |
Jonathan is an Ineffectual Buffoon - The Economist.(2016) 89 Likes 4 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by Mario1989(m): 5:30pm On Jan 29, 2016 |
Speechless 7 Likes 3 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by coldsummer: 5:30pm On Jan 29, 2016 |
In the bid to clean up the mess by Jonathan and his cronies. #IneffectualBuffoon 69 Likes 3 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by Nobody: 5:31pm On Jan 29, 2016 |
CBN is an arm of executive. I don't know what you are talking about. Senate refuse to use TSA because it is operated by CBN. Senate said By law CBN is an arm of the executive. When Charles soludo wanted to do redenomination of Naira, Yar Adua stopped him 84 Likes 5 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by Nobody: 5:32pm On Jan 29, 2016 |
Buhari is now the president, minister of petroleum and cbn Governor join. 177 Likes 12 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by Nobody: 5:33pm On Jan 29, 2016 |
coldsummer: Keep deceiving yourself. Continue lying to yourself, hope you wont wake up late. 171 Likes 7 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by grandstar(m): 5:37pm On Jan 29, 2016 |
Buhari has been in charge ever since he assumed power. The ban of 41products from accessing the CBN was his idea. The refusal to devalue was also his idea. Before he assumed power, Emefiele had allowed the naira to depreciate. The CBN is no longer independent and Emefiele is simply s selfish careerist whose career is more important than the economy. Emefiele was okay until Buhari got there 75 Likes 6 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by lionness(f): 5:38pm On Jan 29, 2016 |
I dont know why we cant just keep printing cash (I mean in a way we are about the ONLY person who knows we are doing this. America does this all the time without anyone knowing...why does Bubu have to watch our economy tank without doing something about it" 9 Likes |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by grandstar(m): 5:40pm On Jan 29, 2016 |
Buhari has been in charge ever since he assumed power. The ban of 41products from accessing the CBN was his idea. The refusal to devalue was also his idea. Before he assumed power, Emefiele had allowed the naira to depreciate. The CBN is no longer independent and Emefiele is simply s selfish careerist whose career is more important than the economy. Emefiele was okay until Buhari got there Buhari won't devalue the currency. He sees those who patronise the black market as unpatriotoc or using his precious forex to buy luxuries. They can buy fx at 600 for all he cares 13 Likes 3 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by jmichlins(m): 5:40pm On Jan 29, 2016 |
these Biafran online warlords, go and die. Even the Economist all the way from London can see what your yet to see. #InneffectualBuffon chaiiii 18 Likes |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by grandstar(m): 5:43pm On Jan 29, 2016 |
tuale4u: The CBN is semi-autonomous. It is independent of the presidency. 15 Likes 1 Share |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by Adminisher: 5:45pm On Jan 29, 2016 |
grandstar: So you support devaluation. That is very very stupid. Buhari is not in office because of rich people and traders . He is in office to FORCE CHANGE. NigerIa is the most blessed country on earth. Let us stop importing blindly. Let genuine , creative and resourceful people arise out of this trouble to change the way we do business. Bloomberg does not have more interest in Nigeria than us Nigerians. 63 Likes |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by Realdeals(m): 5:49pm On Jan 29, 2016 |
Will devaluation of the Naira strengthens it against the foreign currencies? 5 Likes |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by Nobody: 5:49pm On Jan 29, 2016 |
Progressive01: Ok! Can you now address the issue on board which is " BUHARI TAKES OVER CENTRAL BANK NAIRA MANAGEMENT- BLOOMBERG" 81 Likes 4 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by NavierStokes(m): 5:50pm On Jan 29, 2016 |
grandstar: Plus you forgot to add "they can go and source dollars from wherever they want" 9 Likes |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by Kyase(m): 5:52pm On Jan 29, 2016 |
Progressive01:e don do na. Haba 4 Likes |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by olajubu100(m): 5:53pm On Jan 29, 2016 |
Good idea. Up Buhari. 6 Likes 1 Share |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by Realdeals(m): 5:54pm On Jan 29, 2016 |
Since the government cannot supply enough forex for the market, the local funds managers and their foreign investors are looking for the opportunity to dominate the market hence there call for devaluation. 4 Likes 1 Share |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by IVORY2009(m): 6:01pm On Jan 29, 2016 |
lionness: Did you do economics in school? Do you know wat is called inflation? 37 Likes 2 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by grandstar(m): 6:10pm On Jan 29, 2016 |
Adminisher: Lee Yuan Kew of Singapore called Maoism an excess of hubris and theology. APC Change economic policies seem to be at par. The present economic policies seem to be derived from Chairman Mao's red book. 18 Likes |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by odogwu125: 6:12pm On Jan 29, 2016 |
tuale4u:that means Kemi Adeosun is totally clueless for saying that CBN is totally independent 27 Likes 2 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by drss(m): 6:19pm On Jan 29, 2016 |
wetin una expect from a dullard once a dullard always a dullard. 26 Likes 1 Share |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by drss(m): 6:24pm On Jan 29, 2016 |
Progressive01:buari dullard's economic policy is the height of foolishness. - Financial Times. 57 Likes 7 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by MagicBishop: 6:26pm On Jan 29, 2016 |
olajubu100: jmichlins: coldsummer: Progressive01: [size=18pt]The Useful Idi0ts[/size] The last election witnessed the highest voter turnout among young people especially university students. This was a feat made possible due to the exploitation of social media by the APC targeting the youth which was made possible by the widespread proliferation of smart phones and Internet enabled phone technology among this demograph. The youths desire to participate in the elections was also largely due to the reformation and strengthening of the electoral body by the last administration which gave the youth a sense of confidence for the first time in their votes. The youths not only voted but took to campaigning for their candidate and also involved in one form of volunteerism on behalf of their APC. The delusion of participating in an epoch changing event where their roles were vital and recognised by the politicians gave them a false sense of worth. This is not unique to Nigeria and it's APC followers but is a reoccurring phenomenon across the west, where newly culturally enriched college kids dump their traditional childhood upbringing and beliefs to embrace vague political ideologies and respective political parties. For the first time these young college kids, like every newly inducted d novice believed they can and ought to do more to spread the word on their new political ideology which replaces any religious view of their upbringing. The college student even though bugged down by class work, several low paying jobs and extra curricula college activities will some how find time to sign up as a volunteer for one political candidate or cause. Before graduating his or her zeal will wear out after finding the system is all rigged not to better society but to further the career ambitions of greedy selfish politicians. By the time the student finally graduates and gets a job with his degree, he will find out there is more to life than useless politics and from there their zeal dies only to be rekindled in future when they begin to experience mid life crisis. As for our hatchling APC zombies, they didn't have to wait till they leave school as Buhari and the APC made no time or effort setting out to achieve what they promised and have even come out to deny they ever campaigned on such. This is 101 Politriks that they will never forget in a hurry! Most of them are now delusional about what change actually means but there still remain a few stubborn fanatics who refuse to let go and are still displaying symptoms of change fever. This minority category are those to whom the elections made a lasting impact on them. I want to believe they got a rush to the head from the elections climaxing during the counting of votes and announcement of their candidate as the winner. To them the elections filled a void for good entertainment just like the world cup and just like Yuri Bezmenov aptly described these "Useful idi0ts" who are easily prone to propaganda as suffering from inferiority complex, these die hard zombies without benefit keep up to date with latest propaganda to fill their empty lives. You will find them here on NL daily posting on "our money" and Dasukigate. https://www.nairaland.com/2898349/dealing-useful-idi0t-how-reformart 53 Likes 4 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by drss(m): 6:29pm On Jan 29, 2016 |
grandstar:devaluation is d only solution to free up pressure on d naira, but because buari dullard promised to make N1 = $1, he wont do it. Buari has boxed himself into a corner. dis man no know economics at all. 18 Likes 2 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by MagicBishop: 6:39pm On Jan 29, 2016 |
drss: The politics of the Naira is greater than its economic viability in the eyes of the dullard and his useful idi0t supporters 19 Likes 2 Shares |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by NavierStokes(m): 6:41pm On Jan 29, 2016 |
drss: WE DEY WATCH AM: Meanwhile Paraphrased below are the following Buhari's economic policy, the height of financial foolishness -- Financial Times Buhari has made it clear, who is in charge of Nigeria's Monetary Policies -- Bloomberg Buhari's crude economic tactics worsening Nigeria's economy -- Economist Meanwhile on the much touted corruption frontier: Transparency ranks us 136 out of 168 countries against 136/176 (2015 against 2014), a drop from 27% to 26% y on y(both years) --transparency Intl Ghana and Senegal, examples of countries making progress with their anti-corruption drives --BBC Where we come dey sef 21 Likes 1 Share |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by MagicBishop: 6:44pm On Jan 29, 2016 |
NavierStokes: The man is a stubborn goat. I never knew one man's foolishness can be so dangerous that it will affect the well being of over 170 million people. 18 Likes 1 Share |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by drss(m): 6:48pm On Jan 29, 2016 |
NavierStokes:zoogerians go hear am. 9 Likes 1 Share |
Re: Buhari Takes Over Central Bank Naira Management - Bloomberg. by Emekamex(m): 6:49pm On Jan 29, 2016 |
Emefiele is the fool that is allowing his office to be undermined by the president. 8 Likes 2 Shares |
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