Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,227 members, 7,818,773 topics. Date: Monday, 06 May 2024 at 02:22 AM |
Nairaland Forum / Nairaland / General / Business / How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. (48655 Views)
FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours / Naira Continues Appreciating Against Dollar, Sell At ₦1,100 / ‘How CBN Can Track $26bn Binance Transactions’ - Obinna Iwuno (2) (3) (4)
(1) (2) (3) (4) (5) (6) (Reply) (Go Down)
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by mariatt(f): 6:29pm On Jul 03, 2020 |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by omorttee4u(m): 6:30pm On Jul 03, 2020 |
DuBLINGreenb: That write up is very simple. When a receiver getting fund from US. The money coming to Nigeria. That is : the US will bring the money in Cash. FG decided to give the receiver Naira instead of dollar. When receiver get dollars, they can decide to sell on local BDC around them. With that, dollar wouldn't scarce in circulation. Check my first thread. Created 3years ago about it. |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by Karlifate: 6:31pm On Jul 03, 2020 |
Little by little, alot of Naija politicians involved in fraudulent deals are being exposed. 2020 is a very interesting year.
|
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by Nobody: 6:31pm On Jul 03, 2020 |
OgbanjeProphet: They will cut your head o. They will say you are promoting Igbos o. Nairaland rats are allergic to truth o. Everything here is tribal o. They prefer a square peg in a round hole as far as (1) their tribal person is there no matter how incompetent. (2) Igbos are not involved. |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by CocoaOla: 6:34pm On Jul 03, 2020 |
AreaFada2: Nigeria ns always blame their leaders for failed states... What are we doing about it as Nigerien? Can we honestly vote people in power and allow them to oppress us? Nigeria wake up and deal decisively with bad governance and corruption..Clean your states.. Its your responsibility 1 Like |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by oruma19: 6:34pm On Jul 03, 2020 |
Truetalk3139:the youths are worse than HIV, cancer and corvid19 put together. i have evidence.. Check out from the time of Salish Buhari, dimeji bankole, yahaya bello, and all the young governors and commissioners + ministers , local gvt chairmen etc, I have not seen any young man that stands out and says no, I won't compromise. The young people are far worse than the older ones. The young ones are satanic + develish out together. My brother, there's no hope for tge country, let us break it into many parts 4 Likes |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by Newboss(m): 6:46pm On Jul 03, 2020 |
DuBLINGreenb: To avoid too much Dollars entering Nigeria? Wow. We're talking about inflows here not outflows. There can never be too much Dollars. There can only be too little. I really tried not to be harsh. It was hard 4 Likes 2 Shares |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by afecgivers: 6:49pm On Jul 03, 2020 |
They should print the list of those that collected 49billion Naira COVID 19 loan during sallah. Emefule or Emefele is one of the biggest demon in Nigeria. 1 Like |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by stormborn28(m): 6:49pm On Jul 03, 2020 |
I know we have a very useless government 1 Like |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by AeroplaneApple: 6:50pm On Jul 03, 2020 |
AreaFada2:you always come correct with your posts... I still remember that post about Adam and Eve that trend like wild fire. 1 Like |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by Fucsheetup(f): 6:51pm On Jul 03, 2020 |
IMO01:Are you sure you have a working brain? |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by djon78(m): 6:54pm On Jul 03, 2020 |
samsard: How many northerners live overseas? It has nothing to do with bigotry But pure facts as it is. Majority of Nigerians residing outside are southerners. It's a fact Not bigotry |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by gnykelly(m): 6:54pm On Jul 03, 2020 |
DuBLINGreenb: let assume your assertion incorrect. the hoarding of the FX has it brought up the valve of our currency. with the recent devaluation of the naira as an investor will you prefer to save money in naira or in dollars. 1 Like |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by Okoroawusa: 6:55pm On Jul 03, 2020 |
If I tell you that I understand the economics written up there I will be lying n no one that has commented so far has been able to explain it. Well it's politics section n I can say whatever I like. I Love PMB |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by MansoryMX(m): 6:56pm On Jul 03, 2020 |
GeneralPula: Another angle |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by soberdrunk(m): 7:00pm On Jul 03, 2020 |
TANTUMERGO007: You are actually the olodo in this case, next time if you don't understand something just ask. What the individual is saying is simply the tactics some countries use to attract investment, any smart businessman will jump at the opportunity to invest in a country where his country's currency has more value. A practical example is you having 1k in your pocket and you are very hungry, would you go to a Porsche restaurant and have only salad for 1k or go to mamaput and enjoy pounded yam and Egusi with plenty meat for that same 1k? Unfortunately the CBN isn't devaluing the currency for the good of Nigerians, instead they have turned the devaluation to person business to enrich themselves. 2 Likes |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by samsard(m): 7:01pm On Jul 03, 2020 |
djon78:And somehow you arrived at the 95% figure as factual based on armchair research? |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by Bluffly: 7:06pm On Jul 03, 2020 |
Banks have been paying in USD and GBP 1 Like |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by soberdrunk(m): 7:07pm On Jul 03, 2020 |
Okoroawusa: They are creating artificial scarcity to make illegal profits, if dollar full everywhere the price will drop..... |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by PeachtreeReside(f): 7:07pm On Jul 03, 2020 |
omenka: Thanks for this economics class. 1 Like 1 Share |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by LikeAking: 7:20pm On Jul 03, 2020 |
Trailblazer1: I was surprised by his statement. A man that will give birth to kids in Nigeria, is finding excuses for corruption and daftness. MR.God win E(CBN GOV), is not a creative individual. He might have all the degrees and experience, but he lacks the most important thing,which is the ability to solve the Nigerian problems. All he does is to play by the books of class roon economics, which where enacted to favor only the west. 1 Like |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by Stone03: 7:22pm On Jul 03, 2020 |
This is the government that was voted in basically because of their campaign promise to fight corruption. Buhari has ended up taking the country to the apex of global corruption rating. Kudos to him. 1 Like |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by CodeTemplar: 7:25pm On Jul 03, 2020 |
omenka:Let me guess, insecurity and highhandedness in sensitive issues is another way of attracting FDI also. Nonsense! 1 Like |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by Nobody: 7:26pm On Jul 03, 2020 |
Some people in Nigeria will not for before maggots will start coming out of their bodies. |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by toprealman: 7:27pm On Jul 03, 2020 |
Nigeria is a big scam. 1 Like |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by bankylan: 7:30pm On Jul 03, 2020 |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by djon78(m): 7:32pm On Jul 03, 2020 |
LikeAking: It's not even about class room economics rather the terrible level of non transparency going on. Nigerian elites actually don't want Nigeria to get better. If things get better, they won't gain much from the system again. And when I say elites I mean everyone of them. Irrespective of the political divide they belong. But one-day a true honest reformer will rise on the throne And clear all the mess. Fixing Nigeria is not a rocket science The basic fundamentals are there Huge population Enough educated workforce Abundant natural resources The main problem is the elites 2 Likes |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by samsard(m): 7:36pm On Jul 03, 2020 |
LikeAking:Africans and victimhood. China and Japan use the principles the guy stated, and they're still humans. |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by IMO01: 7:36pm On Jul 03, 2020 |
Fucsheetup: I should be asking you 1 Like |
Re: How CBN Deliberately Prevents Naira From Appreciating Against Dollar - Sahara R. by coputa(m): 7:39pm On Jul 03, 2020 |
Trailblazer1:NAFDAC, NNPC NIGERIA CUSTOM SERVICE |
(1) (2) (3) (4) (5) (6) (Reply)
Egyptian Devaluation Backfires -- Nigeria, Be Thankful!!! / Tuoyo Omatsuli And Oludewa Welcome Triplets / Guess The Bank (photos)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 66 |