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Nairaland Forum / Nairaland / General / Business / Egypt Devaluation To Test CBN Resolve On Naira (25341 Views)
Analysts Predict Naira Devaluation To N400/$ / Analysts Foretells Naira Devaluation To N400/$ / IMF Hints At Fresh Devaluation, Says Naira Is Overvalued (2) (3) (4)
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Re: Egypt Devaluation To Test CBN Resolve On Naira by TheGoodJoe(m): 11:58am On Nov 07, 2016 |
WinningSun: Without the foreign investment, the stock market shares are still junks. The FG is only delaying the inevitable. Economics magic will not turn around the plight of the economy. Investment in small and medium scale Enterprises will. They can continue defending the naira. We have seen how well it worked. |
Re: Egypt Devaluation To Test CBN Resolve On Naira by grandstar(m): 12:20pm On Nov 07, 2016 |
rusher14: I doubt very much this are 0% loans. Perhaps 2%. Even if they are 0% loans, they will always be serviced. An amount, a sinking fund has to be put aside yearly to service the loans. The loans must not be taken as the present forex policy is a bad foundation to run an economy |
Re: Egypt Devaluation To Test CBN Resolve On Naira by onatisi(m): 2:52pm On Nov 07, 2016 |
grandstar:Bros dont bother yourself . They will take that loan ,squander it ,seek another loan. Then blame pdp for their failures in utilising the loans effectively,Nigeria is currently being ruled by irresponsible leaders who will never take or accept responsibility for their failures rather they will blame everything and everyone for their shortcomings . The truth is that a government that used to passing blames and blames others for their failures can never be trusted to produce anything positive .. 1 Like 1 Share |
Re: Egypt Devaluation To Test CBN Resolve On Naira by deenee: 12:48pm On Nov 08, 2016 |
linearity: No point arguing with you as I see that a lot of your assumptions are largely theoretical. Look at it this way. The same politicians that will spend billions to build houses in abuja and lagos with no one to rent. Do you really think that they have the power to manipulate the black market. They are not price givers but rather price takers in this whole dollar fiasco and what they are really after is a safe haven for their stolen loot even if that means that there is some reduction in value. The importers that bring in this essential commodities that I mentioned have simply passed the cost on to the final consumer. Hence the reason why the price of rice has doubled. They also know that these items are essential commodities and thus people will only shout and complain but still end up buying. Bro trust me when I say about 40percent of our fx channeled towards fuel. Fuel is the main stay of our economy. Everything we do in Nigeria rides on availability of fuel. Go and have a look at DPR and NNPC stats. God bless Nigeria. |
Re: Egypt Devaluation To Test CBN Resolve On Naira by davidif: 8:03pm On Jun 13, 2017 |
ZainabOs: It means letting the free market determine the actual value of your currency. 1 Like |
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