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Nairaland Forum / Nairaland / General / Business / Naira Crashes As FG Denies Currency Swap Deal (58072 Views)
How Nigeria Will Benefit From Currency Swap Deal With China / Naira Crashes Further To N436/dollar / Naira Crashes To 288/dollar At New Official Market (2) (3) (4)
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Re: Naira Crashes As FG Denies Currency Swap Deal by babestella: 2:54am On Apr 22, 2016 |
Where are those who came out to tell us about the currency swap and how it will benefit Nigerians especially importers, they wrote a whole text book defending this matter, now where are they, their favorite APC have once again denied it. Even though we don't like Fayose's unprofessional attitude in this whole China thing, he actually may have proved that this government is unserious. 3 Likes |
Re: Naira Crashes As FG Denies Currency Swap Deal by 19naia(m): 3:42am On Apr 22, 2016 |
The value rise was speculation based and now the value fall is reciprocation of the speculation event. Balance returning in the face of further information. Speculation will come and go but only truth will take hold or the malevolent forces of corruption during the time that truth slumbers/cowers. 1 Like |
Re: Naira Crashes As FG Denies Currency Swap Deal by igwegeorgiano(m): 4:26am On Apr 22, 2016 |
DonMaxxy:this is worst than i earlier thought. an administration without direction. a goverment speaking ftom both sifes of their stinking mouth. who could ever imagine that this administration is more clueless than the previous ones. perharps they are beginning to see the danger signal and are now singing a different brand of music. cluelessness is a bad attribute of any goverment. |
Re: Naira Crashes As FG Denies Currency Swap Deal by justi4jesu(f): 4:27am On Apr 22, 2016 |
$2000 PayPal fund available for online purchases or to your PayPal account Rate 295 |
Re: Naira Crashes As FG Denies Currency Swap Deal by slowbreeze(f): 4:57am On Apr 22, 2016 |
I no talk am? ..And dia useless supporters are still suffering and smiling,refusing to accept dey av been conned..Apc=Scam... 1 Like |
Re: Naira Crashes As FG Denies Currency Swap Deal by millhouse: 4:57am On Apr 22, 2016 |
richidinho:the man na prophet ooii ... His prophecies for the govt in 2016 is coming to pass. Fuel crises etc 1 Like |
Re: Naira Crashes As FG Denies Currency Swap Deal by neocortex: 5:07am On Apr 22, 2016 |
sanusidabo: Where did you get that from ? Are you related to CBN governor ? |
Re: Naira Crashes As FG Denies Currency Swap Deal by DedeNkem: 5:41am On Apr 22, 2016 |
Buhari is incompetent! He's a disaster! |
Re: Naira Crashes As FG Denies Currency Swap Deal by bayusch246(m): 5:55am On Apr 22, 2016 |
adeyemi97: Firstly, your text is misleading and not true. Buhari didn't stop transfer out of the country. Western union and Moneygram still works (I made a transaction last week) though with a limit. The issue is a compounded one as the banks also have some troubles. Secondly, I advise you focus on your studies as you clearly can make good use of your time in learning logical reasoning, maths and grammar. If your tuition is 400k and withdrawal limit is 30k, it would take you less than 2 weeks to withdraw all and your charge would be only 80k. This, again, is against your 'over a month' and '700k' story. It'll do you much good in the end. It's much better to reason with logic and be very close to facts than to reason with emotions and closer to lies. Please think about my advice and I hope you follow it. It'll do you good in the end. Goodluck with your schooling. Cheers. 1 Like |
Re: Naira Crashes As FG Denies Currency Swap Deal by klimson: 5:55am On Apr 22, 2016 |
Bubu be in that pic like 'anything una talk abeg, this heat don too much' |
Re: Naira Crashes As FG Denies Currency Swap Deal by melachima(m): 5:58am On Apr 22, 2016 |
drnairalov:LOL dis ur post says we see sumtin chop, my plate still dey empty oh |
Re: Naira Crashes As FG Denies Currency Swap Deal by Excuzeme: 6:02am On Apr 22, 2016 |
DonMaxxy: The Govt cannot tell EVERYBODY the Truth because everybody cannot MANAGE the truth. Currency management is as dangerous as Water management, it can cause WAR between countries. Trust me, the Americans have put a call t our Ambassador and foreign Minister to WARN them not to even think about replacing the Dollar. You think America will fold it hands and watch other countries replace the Dollar as a global currency of trade? How do you think America will survive, when all it does to "create wealth" is to phone their Printer to print more "Dollar Papers" ...which it sells to other countries Think about it for a minute. Read that "denial" again and you will see all the elements of "fear and pressure" in it. There is a 'deft' way of achieving our aim, all the same. Six Ways to kill a Cat. 1 Like |
Re: Naira Crashes As FG Denies Currency Swap Deal by toluwahala: 6:12am On Apr 22, 2016 |
Fayose no need barking now! Our arrogant nigerian, are living a shameful life and we enjoy it! let Ghana be the hub now, we don't care! let people talk anyhow we don't care, let naira hit 500 per usd, we don't care! |
Re: Naira Crashes As FG Denies Currency Swap Deal by demio007: 6:41am On Apr 22, 2016 |
This APC govt want to turn the masses to Almajiri. HOLY GHOST FIRE!!!!! |
Re: Naira Crashes As FG Denies Currency Swap Deal by solidman59(m): 6:44am On Apr 22, 2016 |
Your mouth stinks more for referring to Nigerian youths in that manner. A goat you are!!!! Stelvin101: |
Re: Naira Crashes As FG Denies Currency Swap Deal by Nobody: 7:48am On Apr 22, 2016 |
Good morning to you my fellow nairalanders. To be honest after seeing this news I have totally lost faith in this government of propaganda & lies. Now I'm beginning to see what this government is going to be all about till 2019. It's all about lies! Lies! Lies! . I've lost faith in this change. 1 Like |
Re: Naira Crashes As FG Denies Currency Swap Deal by LasPlagas: 7:57am On Apr 22, 2016 |
Na wa na wa. One fake step forward and 10 backwards. I guess Aisha Buhari is laughing to the bank with the current dollar supremacy over the naira. *smh* |
Re: Naira Crashes As FG Denies Currency Swap Deal by Nobody: 7:58am On Apr 22, 2016 |
Shinyjay: Beautiful Next please! |
Re: Naira Crashes As FG Denies Currency Swap Deal by Nobody: 8:01am On Apr 22, 2016 |
bayusch246:Hmmmm... Whether it takes a month or a day, it doesn't change the fact that the policy is stifling our economy which is more than logical. Just imagine withdrawing 400k @ the rate of 30k maximum daily withdrawal... That's going to take you about 14days.... Now how does that encourage the economy? |
Re: Naira Crashes As FG Denies Currency Swap Deal by yetseyi(f): 8:08am On Apr 22, 2016 |
diegwu01: Yes they do have serious comprehension issues. I bet they didnt read the statements above . All they saw was "no yuan deal". These people make me feel I dont understand english sometimes. 1 Like |
Re: Naira Crashes As FG Denies Currency Swap Deal by HammyJ(m): 8:16am On Apr 22, 2016 |
I just dey laugh! Thot u guys needed CHANGE? And d negative changes have u beheld. Una never chee chomching, |
Re: Naira Crashes As FG Denies Currency Swap Deal by Themandator: 8:27am On Apr 22, 2016 |
bigtt76: This government is without plan.... No amount of palliative, fanciful and populist distraction like Dasuki detention and trial will substitute for a proper plan of action.. We hear diversification but can't see or feel any work plan for it.... What we see is a bullheaded defence of the naira against it true value. Jonathan didn't just defend the naira, he was at the same time encouraging practical diversification with written down policies that could be obtained, read and critiqued.. Eg the automobile policy, the power road map, the agricultural revolution policy under Adewumi. We noticed his technology driven fight against corruption and waste... TSA, public sector worker verification... We noticed his push in the rail sector with the Kaduna 164km modern rail at &205m. We saw his YOUWIN projects, scholarship for 1st class graduates and the rest. Buhari's is yet to launch a policy even against malaria, one year after.... The policies he inherited, he has implemented in ways that has thrown Nigerians out of their jobs. Fuel scarcity is not as a result of foreign exchange scarcity but this government early disposition to populist expectations.... When they released their reversed Template for importation of PMS, the business people told them it wasn't possible to do it with such a template but they insisted and gave the entire allocation to NNPC and the depot owners resorted to buying from Nnpc... That is why we are where we are now. We hop they do the needful, this quarter even though they have made the marketers lose credibility with their foreign creditors through delays in subsidy claims. 2 Likes 1 Share |
Re: Naira Crashes As FG Denies Currency Swap Deal by Obrose(m): 8:36am On Apr 22, 2016 |
The fear of United States is the beginning of wisdom |
Re: Naira Crashes As FG Denies Currency Swap Deal by Obrose(m): 8:39am On Apr 22, 2016 |
Shinyjay:The truth is that United States has threatened Buhari with prosecution for his crimes if he dares. That's d reason for their reversed statement. That's politics for u |
Re: Naira Crashes As FG Denies Currency Swap Deal by diegwu01: 8:44am On Apr 22, 2016 |
Infinitikoncept:No you read but you dont understand... |
Re: Naira Crashes As FG Denies Currency Swap Deal by bigtt76(f): 8:50am On Apr 22, 2016 |
Thanks for this very apt and no insults. This is how NLders should behave. Lovely day and weekend ahead Themandator: |
Re: Naira Crashes As FG Denies Currency Swap Deal by Infinitikoncept(m): 8:56am On Apr 22, 2016 |
diegwu01:Maybe you go back to read exactly what femi Adesina signed on behalf of presidency. From denying the fact they borrowed any loan to we only signed a currency swap to we didn't sign a currency swap. So those guys collected estacodes for visiting china in five days going to forbidden city, taking selfies with our money only to come back & tell me they didn't sign the swap. Mr know it all kindly answer the question since you are one of the special assistant on new media, they said pressure on the USD is high so they will get yuan for us through what means exactly? Buying with USD stored up & selling to us or telling the Chinese government to borrow us 1BN yuan which we'll use to trade. I need answers on that aspect. 1 Like |
Re: Naira Crashes As FG Denies Currency Swap Deal by jidowu84: 9:03am On Apr 22, 2016 |
tzoracle:I just pray it doesn't crash and lost like that....... And never found. Anyways ; the worst of APC is better than the best of PDP. |
Re: Naira Crashes As FG Denies Currency Swap Deal by ofwest: 9:03am On Apr 22, 2016 |
Shame shame shame on all of you dollarrised dullards who believe that without American dollars they are dead and buried for them the Nigerian Naira is meant to be used as toilet rolls while American dollars should be the only local exchange transaction in the country and that they should go to any length by crook or by means to make it happen. What the govt. says is that because nearly 85% of consumable imported goods in Nigeria are from China that importers can source their foreign exchange in Chines Yuan which is very low compared to the dollar but what these dollarised idiots do is bastardise the Naira inform of Naira to dollar exchange and only to go to China to buy their goods at cheap dollar rate and launder the remaining balance in their foreign accounts. To them it does not concern them whether the Naira is used as toilet rolls or paper tapes. |
Re: Naira Crashes As FG Denies Currency Swap Deal by frisky2good(m): 9:05am On Apr 22, 2016 |
How we ended up with this ridiculous government is beyond my comprehension. |
Re: Naira Crashes As FG Denies Currency Swap Deal by ofwest: 9:08am On Apr 22, 2016 |
Shame shame shame on all of you dollarrised dullards who believe that without American dollars they are dead and buried, for them the Nigerian Naira is meant to be used as toilet rolls while American dollars should be the only local exchange transaction in the country and that they should go to any length by crook or by means to make it happen. What the govt. says is that because nearly 85% of consumable imported goods in Nigeria are from China that importers can source their foreign exchange in Chines Yuan which is very low compared to the dollar but what these dollarised idiots do is bastardise the Naira inform of Naira to dollar exchange and only to go to China to buy their goods at cheap dollar rate and launder the remaining balance in their foreign accounts. To them it does not concern them whether the Naira is used as toilet rolls or paper tapes. |
Re: Naira Crashes As FG Denies Currency Swap Deal by frankiekinase: 9:13am On Apr 22, 2016 |
This country sucks! |
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