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Nairaland Forum / Nairaland / General / Business / Naira Tumbles By 51.95% Despite Cbn’s Defence Measures (20699 Views)
Naira Tumbles To 980/Dollar, FX Shortage Worsens / Banks Begin Collection Of Old Naira Notes Despite CBN’s Denial Of Directive / Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate (2) (3) (4)
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Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Nackzy: 9:56am On Jun 15, 2021 |
OMG Buhari where is thy sting |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by ThatFairGuy1: 9:58am On Jun 15, 2021 |
Most Nigerian youths are LAZY ASSS M'FUVKING YOUTHS. Buhari is right. All they know is to gossip on Twitter, asss shaking challenge and all sorts of time wasting and unproductive acts Agbegbaorogboye: 1 Like |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by sugarfrank(m): 9:58am On Jun 15, 2021 |
This is the worst CBN management in the history of Nigeria. 6 Likes |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Antoeni(m): 9:59am On Jun 15, 2021 |
The Present CBN Governor is the Dumpest of all CBN Governor In History Correct Olodo 5 Likes 1 Share |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Curious345: 9:59am On Jun 15, 2021 |
Romanoff:my friend who works with the UN, is buying land and cars like pure water .. He is happy with the way things are 6 Likes 2 Shares |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by iLegendd(m): 9:59am On Jun 15, 2021 |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Femeto: 10:00am On Jun 15, 2021 |
A sane government would have sacked the CBN governor since. 2 Likes 1 Share |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Brushstrokes20: 10:01am On Jun 15, 2021 |
Buhari and cohorts are all shades of fiasco! |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by adonainana: 10:01am On Jun 15, 2021 |
There are two solutions to this problem 1) Nigeria earns way more in dollars to quench its blood sucking attitude towards imported consumer goods by way of exports 2) locally produced goods are encouraged as substitute for imported goods Objective 1 can only be achieved if for instance price of crude oil increases to let’s say magically 150$ per barrel so more revenue comes from the sale of crude oil ( because the only thing Nigeria can and will ever sell to anyone outside nigeria is oil ) Objective 2 can never be achieved because objective 2 requires a great manufacturing / industrial revaluation within months if not weeks Objective 2 involves all of a sudden nigerian producing cars, cranes, motorcycles, iron etc everything Nigerians as at today import If I was Nigerian president obj 2 looks impossible but much more possible than obj 1. The easiet way to make a country want to manufacture what It consumes is the free market way. Removal of all entry to trade No corporate tax on manufacturing companies, ease of doing business, visa on arrival for entrepreneurs and any foreigner, the FG will lose money initially but Nigerians will benefit Also fix the power, factories need it. Sell one of the power plants to Russia or one of these countries Power generation is a 19th century problem if you want 10,000 mw of electricity there are some countries that can build power stations for you that within weeks not even months My two cents 10 Likes 1 Share |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by phemmyfour: 10:02am On Jun 15, 2021 |
Bicycle kick |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Nigeriadondie: 10:03am On Jun 15, 2021 |
It goes beyond first class economist though that is pivotal. If the issues of infrastructure, leakages, corruption, rapid and massive industrialization, developing high skilled manpower, stopping multiple taxation especially of SME’s we would never get anywhere. Most importantly, fixing or building new refineries. It is insane an oil producing country lacks refining capacity when most countries that don’t even produce oil have refineries. This is not rocket science LeeSantos: |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by clothingonline(m): 10:03am On Jun 15, 2021 |
Naira help import oooo |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Agbegbaorogboye: 10:04am On Jun 15, 2021 |
ThatFairGuy1: Most Nigerian youths? If that's the case we should just accept that the country is hopeless then 1 Like |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by tunary(m): 10:04am On Jun 15, 2021 |
channelstravel:this government is very predictable |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by airminem(f): 10:05am On Jun 15, 2021 |
Pathetic! I wonder where biafra & oduduwa currencies will find their place within Messed up Naira |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Killermamba: 10:05am On Jun 15, 2021 |
iwaeda: All these move by the government is not to Increase inflow of foreign exchange to sustain the economy or the value of the naira but to stockpile it for 2023 election. |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by dometome: 10:05am On Jun 15, 2021 |
ThatFairGuy:Hahahahaha Hahahahaha hahahahaha hahahhahahahahahah! |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by livinbygrace: 10:05am On Jun 15, 2021 |
By December ,a dollar will be equivalent to 1,000 naira 1 Like |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by tunary(m): 10:06am On Jun 15, 2021 |
Curious345:whaaaaat are you serious |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by ThatFairGuy1: 10:06am On Jun 15, 2021 |
The insensitive and lazy asss ones cloud the sentitive and Smart working ones Agbegbaorogboye: 1 Like |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Nobody: 10:09am On Jun 15, 2021 |
Curious345: Expatriates enjoy naija like mad 1 Like |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Emmexguy123: 10:10am On Jun 15, 2021 |
Next time if you hear anything about APC and their Buhari,just run and prepare for judgment day. 1 Like |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Romanoff(f): 10:10am On Jun 15, 2021 |
Curious345: It's best o. Just collect your salary in dollars. |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Nobody: 10:11am On Jun 15, 2021 |
falseprophet: Bitcoin is a technocrats rip-off strategy. A very volatile store of value. Just buy dollars and store in armored cave. 1 Like |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by TheGoodJoe(m): 10:11am On Jun 15, 2021 |
Miss Africa Russia representative from Nigeria, Udeh Chiamaka Victoria steps out with a blood stained Nigerian flag at the recently concluded beauty pageant. https://www.nairaland.com/6603980/miss-africa-russia-representative-steps#102739472 |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by studentofTruth: 10:11am On Jun 15, 2021 |
iwaeda: The worst scam in the history of Nigeria is the #90-100 disparity between CBN rate and parallel market! |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by West2019(m): 10:12am On Jun 15, 2021 |
Buhari is trying |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by NaijaOlosho(f): 10:12am On Jun 15, 2021 |
Good for webmasters Since we earn in dollars |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by ELKHALIFAISIS(m): 10:14am On Jun 15, 2021 |
They will blame pdp for this... only thing buhari knw how to do well in this his useless life is how to blame others for his failure |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by Nobody: 10:15am On Jun 15, 2021 |
According to BMC and APC Zombies... "Our Naira is a PDP naira. It wants to give Buhari a bad name. Imagine falling just months after Buhari was sworn in? And it is falling further. This is treason. It is the handiwork of PDP miscreants" |
Re: Naira Tumbles By 51.95% Despite Cbn’s Defence Measures by ELKHALIFAISIS(m): 10:16am On Jun 15, 2021 |
I will not be surprise if buhari start printing counterfeit dollars .. chief commander in printing press fool with dot blame |
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