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Nairaland Forum / Nairaland / General / Business / New Forex Policy: NSE Gains N354bn, Naira Stable (18324 Views)
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Re: New Forex Policy: NSE Gains N354bn, Naira Stable by Firefire(m): 7:45am On May 26, 2016 |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by sherif4owo(m): 7:45am On May 26, 2016 |
Oliviaxx: HBD |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by Mrjo(m): 7:46am On May 26, 2016 |
Why ar u always looking 4 who to insult? Isn't the same policy that u guys reject that u want to celebrate? Progressive01: |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by DropShot: 7:49am On May 26, 2016 |
Firefire:Far from Middle East. I dey Q....r. |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by Oliviaxx(f): 7:51am On May 26, 2016 |
sherif4owo: Thanks |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by Progressive01(m): 7:51am On May 26, 2016 |
Mrjo:What is "4"?? Go type that rubbish on 2go, I bet most people there would understand your brand of written english. I pray this is the beginning of a torrent of good news. Since good news appears to make you lot miserable, you may as well hop on the next lorry and find your way to your promised land in Uganda. Nansense. |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by Firefire(m): 7:58am On May 26, 2016 |
DropShot: Haa, okay aku oro'aje, a o ri aje jeun ooo. 1 Like |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by tee10: 8:04am On May 26, 2016 |
modath: This is devaluation! Which should have been done last june When some of us asked baba to devalue we where called agents of PDP same goes for subsidy removal An economy is run, based on logic and not strong man ego |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by 989900B: 8:04am On May 26, 2016 |
Adamsdelrio: When the CBN starts relinquishing her monopolistic 'chokehold' on incoming Forex, implements some of the recommendations of people like Henry Boyo and Dr. Ayo Teriba. And the FG realizes importing refined fuel is a crime! Then (the FG) sync the aforementioned with its proposed brilliant measures as indicated in the budget, while continuing to make an example out of them 'goats'. Only then we will get back on track to true prosperity. It looks like we'r on the right path generally, but our monetary policies need better ideas, while we need some bit of more luck with oil prices. |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by Beeman1(m): 8:04am On May 26, 2016 |
mesoprogress:Bitter ipod zombies always show his hatred to d north as usual. Dude go sort urself out and stop blaming everyone for ur failure in life. Nonsense! 2 Likes |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by modath(f): 8:06am On May 26, 2016 |
menstrualpad: Check the meaning of wailing, you'd understand things differently. |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by menstrualpad: 8:08am On May 26, 2016 |
dictionary or contextual meaning? modath: |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by DropShot: 8:17am On May 26, 2016 |
Firefire:Amin. And you too. 1 Like |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by malton: 8:18am On May 26, 2016 |
TPAND: How smart you are! Why then do you give in to bitterness and political bias? Right now, you sound too smart for all that stuff! Congrats! |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by 989900B: 8:20am On May 26, 2016 |
N197 to $1 is not yet nullified. The currency is not freely floating in the true sense of it. The CBN is trying to find a middle ground between devaluation or not ('hoping' with refineries, higher crude prices, inflow of Forex, and other monetary and fiscal policies being considered, the Naira could come back strong again). It is not an easy decision to make considering the tons of unpredictability associated with either decision. It is still a developing situation . . . fingers crossed. 2 Likes |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by Yekoyeko(m): 8:21am On May 26, 2016 |
mesoprogress:You are not always with any positive development of this government, just try and make yourself happy sometimes otherwise, hypertension will soon be your guest. 1 Like |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by femmy2010(m): 8:25am On May 26, 2016 |
mesoprogress: If you have nothing meaningful to add to the thread you need not comment. |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by femmy2010(m): 8:27am On May 26, 2016 |
Yekoyeko: You dey mind the naughty chap. Always looking for negativity to discuss and abuse to promote. |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by Chukzyfcb(m): 8:28am On May 26, 2016 |
From the comments posted so far, it seems most people don't knw why the NSE increased. Well I believe, because of the MPC's decision to "float" the naira. Investors are buying up shares in ANTICIPATION that foreign investors will soon penetrate the market coz of the news of floated dollar. Remember foreign investors are seriously waiting for a devalued naira so they can RE-ENTER the the capital mkts.....so with the decision to float naira, there's so much speculation that they'll be bck, hence the massive buy=massive gain............Its a dangerous speculation but then that's stocks for you. You speculate! 1 Like |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by fiizznation: 8:32am On May 26, 2016 |
989900B: 2 Likes |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by Shym3xx: 8:40am On May 26, 2016 |
Lmao @ the premature celebration based on reaction of market forces. It will dawn on you in the next few days/weeks when everything crashes like the Lehman Brothers. This administration clearly lacks a well defined economic/financial/monetary policy and with a depleted FR, I won't even smile if were you. [img]http://i.amz.mshcdn.com/zBGZxlWIZLrye6GC-G_WGh-P7KQ=/fit-in/1200x9600/2014%2F03%2F26%2Ff6%2FSwaggyP2.9343c.gif[/img] |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by hmuhammad(m): 8:53am On May 26, 2016 |
Pidggin:another Ugandan spotted, HBP is real |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by Toktee(m): 8:59am On May 26, 2016 |
mesoprogress:You said "we" you and who? You are on your own,not everyone here that is as confused and frustrated like you against the government of buhari,many of you are so angry with pmb so much so that whenever you see any news about him you dnt care to read before resulting to insult,truth is,the illiterate is the president,I mean your president and there is nothing you can do about it,only ranting here online. |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by erico2k2(m): 9:07am On May 26, 2016 |
odiks:What do U understand by this news and how does it translate to the man at the lower end of the ladder? |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by amagunnerfan: 9:45am On May 26, 2016 |
DropShot:And the medication are much more expensive now. Not for broke ass niggas like mesoprogress. 1 Like |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by Nobody: 10:56am On May 26, 2016 |
LordVoldemort: Buhari don't have anything to offer, he can't give what he does not have The id!ot is a wasted sperm |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by wazobiaN9(m): 12:39pm On May 26, 2016 |
mesoprogress: when f.ools hate... that's the summary of your life. The foreign investors will get more naira for less dollars, and use this to invest in ur local eceonomy. they will also pay their Nigerian employees in naira... also spending less dolaars to do that by the way. however, the commodities they export will earn them dollars, more money for the investors. these so called foreign investors have bn waiting for this, they only have their own interest at heart... !! Nigerians meanwhile, because we are majorly import dependent, will need more naira to buy these commodities. inflation on the rise, salaries on the same flat valley. and you rejoice for the foreign investors, at the expense of most Nigerians. |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by LordVoldemort(m): 12:50pm On May 26, 2016 |
Adebo007: You lack home training |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by doyinisaac(m): 1:58pm On May 26, 2016 |
YoursGEJ:It helped me,I just made 5naira per unit of my shares....my unit is 300000 units....so yes it helped me... |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by mickey45: 3:47pm On May 28, 2016 |
doyinisaac: 5.00NGN? which stock? |
Re: New Forex Policy: NSE Gains N354bn, Naira Stable by mickey45: 3:49pm On May 28, 2016 |
Chukzyfcb: Except we'll need a lot more than a freely floating currency for foreigners to enter our market I think. And CBN isn't really making it "freely floating" Anyway, we wait |
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