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Ifeanyi Ubah Not Responsible For Naira Gain. - Business - Nairaland

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Ifeanyi Ubah Not Responsible For Naira Gain. by emzila(m): 9:16am On Feb 24, 2016
Bellow is table of evidence that ubah is not responsible for the reverse in dollar rise against the naira.
Ubah appeared on TV on 22/02/2016 where he made an offer, promising to bring $1 to #200, before this day, the naira was already regaining its loss against the dollar.

LAGOS BLACK MARKET RATE

NAIRA DOLLAR POUND EURO
(NGN) (USD) (GBP) (EUR)
BUY/SELL BUY/SELL BUY/SELL
23/02/2016 360/365 495/500 360/365
22/02/2016 267/372 496/505 390/395
19/02/2016 367 / 370 493 / 498 385 / 390
18/02/2016 380 / 385 494 / 500 385 / 390
17/02/2016 360 / 365 480 / 485 370 / 377
16/02/2016 345 / 350 465 / 470 367 / 375
15/02/2016 337 / 340 450 / 455 365 / 370
12/02/2016 330 / 335 446 / 452 350 / 360
11/02/2016 318 / 322 445 / 450 338 / 345
10/02/2016 312 / 315 435 / 442 338 / 345
09/02/2016 308 / 311 435 / 440 335 / 340
08/02/2016 308 / 312 430 / 435 330 / 335
05/02/2016 305 / 310 425 / 430 327 / 335
dollar picked at #385(sell) on Thursday 18/2/16 while as at 19/2/16, it nose dived to #370(sell). what actually happened is that many speculators from outside Nigeria came in and the moment those that were hoarding the dollars got wind of it, there was fear of the fall which make those(including the BDC and the likes of Ubah) holding the dollar to offload what they were holding to avoid perceived loss.
Ubah sort for recognition before he could do something to help Nigeria, he gave his term and those term has not being met. even before he appeared on the news that very day, 22/2/16 dollar had fell further from the previous day, so why is he trying to take praise for work not done by him.
if you are a broker or trade in forex or possibly studied you will understand what happened. Ubah is only looking for another avenue to hold government to ransom over time, but the buhari I know will not give room for that, naira will rise further once the budget is passed so let no one come and said government should do this or that when the time comes.

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Re: Ifeanyi Ubah Not Responsible For Naira Gain. by SeverusSnape(m): 9:20am On Feb 24, 2016
All I know is that Ubah is responsible for the little gain the Naira made, Let honour be given to whom it's due.

Full stop!!!

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Re: Ifeanyi Ubah Not Responsible For Naira Gain. by Oladimejyyy(m): 9:23am On Feb 24, 2016
If PMB is not responsible for it who will
Re: Ifeanyi Ubah Not Responsible For Naira Gain. by Trut(m): 9:23am On Feb 24, 2016
OP add source
Re: Ifeanyi Ubah Not Responsible For Naira Gain. by Eebrahym(m): 9:23am On Feb 24, 2016
SeverusSnape:
All I know is that Ubah is responsible for the little gain the Naira made, Let honour be given to whom it's due.

Full stop!!!
If that is all you know then you know nothing

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Re: Ifeanyi Ubah Not Responsible For Naira Gain. by AngryNigerian(m): 9:26am On Feb 24, 2016
Don't tell me that of all the problems that Nigerians are facing, you come here de drink Tramadol for Ubah migraine cheesy cheesy
Re: Ifeanyi Ubah Not Responsible For Naira Gain. by SeverusSnape(m): 9:26am On Feb 24, 2016
Eebrahym:

If that is all you know then you know nothing
Okay. So it's B00HARI who made it possible?

Haven't you observed that good things happen when the dullard is away?
Re: Ifeanyi Ubah Not Responsible For Naira Gain. by acenazt: 9:29am On Feb 24, 2016
Shame on those trying to make the Naira bad. Kudos to Pmb and Emefiele for standing their ground and Ubah for his patriotism. SAY NO TO DEVALUATION.

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Re: Ifeanyi Ubah Not Responsible For Naira Gain. by Blackkie: 9:29am On Feb 24, 2016
The game masters are now coming out in the game.
There is a lot you and I do not know - lets see how all this unfolds.

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Re: Ifeanyi Ubah Not Responsible For Naira Gain. by Eebrahym(m): 9:33am On Feb 24, 2016
SeverusSnape:

Okay. So it's B00HARI who made it possible?

Haven't you observed that good things happen when the dullard is away?


No, I haven't undecided
Re: Ifeanyi Ubah Not Responsible For Naira Gain. by dominique(f): 9:34am On Feb 24, 2016
SeverusSnape:
All I know is that Ubah is responsible for the little gain the Naira made, Let honour be given to whom it's due.

Full stop!!!

Kindly explain how.

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Re: Ifeanyi Ubah Not Responsible For Naira Gain. by EastLebanon(m): 9:34am On Feb 24, 2016
He partly influenced the rise of naira by letting nigerians know that the fall is artificial that it's nt caused by the drop in crude oil price and threatening to expose those behind the crashing of naira,and they soft pedaled.

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Re: Ifeanyi Ubah Not Responsible For Naira Gain. by emzila(m): 9:37am On Feb 24, 2016
SeverusSnape:
All I know is that Ubah is responsible for the little gain the Naira made, Let honour be given to whom it's due.

Full stop!!!
Ubah's words :“It won’t take me one month, if Buhari gives me part of that consultancy, and naira would come back to 200.

“I can bet my life with it, naira would come back to N200. If you call me for that consultancy, I would put naira back to 200.”
My question: has ubah been given consultancy? no. was the dollar on the fall before his statement? yes, where their were there speculators in the market since Monday? yes, does increase in supply push down price? yes. pls tell me what ubah has done.

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Re: Ifeanyi Ubah Not Responsible For Naira Gain. by Nobody: 9:42am On Feb 24, 2016
emzila:
Bellow is table of evidence that ubah is not responsible for the reverse in dollar rise against the naira.
Ubah appeared on TV on 22/02/2016 where he made an offer, promising to bring $1 to #200, before this day, the naira was already regaining its loss against the dollar.



u didnt tell anybody d tribe u are from but we already kno
thats wat u pple are good at, hyping ur own and trying to bring down others with propaganda.

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Re: Ifeanyi Ubah Not Responsible For Naira Gain. by emzila(m): 9:42am On Feb 24, 2016
another set of people trying to hold him to ransom is the senate, saraki thinks he can use the budget to buy favour against his case at CCT. when saraki is tired, he will let go. watch it, the passage of the budget will also strengthen the naira.
Re: Ifeanyi Ubah Not Responsible For Naira Gain. by emzila(m): 9:53am On Feb 24, 2016
[quote author=kaycii1 post=43201892][/quote]
I am a Nigerian and I speak as a Nigerian, if you have figure contrary to what I post there then bring it up. innoson motors is not own buy Yoruba or hausa neither is aba product from Yoruba or hausa, I have throw my support behind aba made products and the innoson motors, Ubah is also an Igbo but I cant see reason in him taking glory for what he didn't do.
if he is a man of integrity just like buhari will come out publicly to admit that jonathan actually started the TSA project but lack the will to implement it, Ubah should have know that his demand has not been met and he has not don anything and as such shouldn't take to the media to claim victory.
he and his group cant hold Nigeria to ransom again like they did during GEJ era.
have you held that oil market said they are going on strike because they ve not been paid?
the new sheriff is a no nonsense man and will not give room to such.
Re: Ifeanyi Ubah Not Responsible For Naira Gain. by SeverusSnape(m): 10:06am On Feb 24, 2016
Eebrahym:


No, I haven't undecided
Hokay.

2 Likes

Re: Ifeanyi Ubah Not Responsible For Naira Gain. by SeverusSnape(m): 10:07am On Feb 24, 2016
dominique:

Kindly explain how.
lipsrsealed lipsrsealed I'm in a meeting now. Later.
Re: Ifeanyi Ubah Not Responsible For Naira Gain. by steve13(m): 10:10am On Feb 24, 2016
emzila:

Ubah's words :“It won’t take me one month, if Buhari gives me part of that consultancy, and naira would come back to 200.

“I can bet my life with it, naira would come back to N200. If you call me for that consultancy, I would put naira back to 200.”
My question: has ubah been given consultancy? no. was the dollar on the fall before his statement? yes, where their were there speculators in the market since Monday? yes, does increase in supply push down price? yes. pls tell me what ubah has done.



What exactly is your problem? You don't like Uba ?yea yea we get, you woke up with this burden in your heart?I pity your wife or girl friend,
Re: Ifeanyi Ubah Not Responsible For Naira Gain. by comos: 4:25pm On Feb 24, 2016
Ubah thank you for rescuing us.
Re: Ifeanyi Ubah Not Responsible For Naira Gain. by slap1(m): 5:24pm On Feb 24, 2016
My take is that Uba knows what the manipulators know, so they stopped their game in order not to get burnt further.

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