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Nairaland Forum / Nairaland / General / Politics / Nigeria-China N720 Billion Currency Swap Collapses (19739 Views)
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Nigeria-China N720 Billion Currency Swap Collapses by MANDIPUTIN: 6:20am On Oct 19, 2021 |
•Operators allege sabotage –Expert Three years after the Central Bank of Nigeria (CBN) signed a currency swap deal with the People’s Bank of China (PBoC), Nigerians are yet to feel the impact of that arrangement, especially as the free fall of naira, currently standing at N570/$1 at the parallel market persists. https://www.sunnewsonline.com/nigeria-china-n720bn-currency-swap-collapses/?
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Re: Nigeria-China N720 Billion Currency Swap Collapses by chrisxxx(m): 6:23am On Oct 19, 2021 |
From when it was announced till now we know it was Lai Mohammedian. I mean we know it is audio 116 Likes 4 Shares |
Re: Nigeria-China N720 Billion Currency Swap Collapses by Grace001: 6:24am On Oct 19, 2021 |
Failed country 6 Likes |
Re: Nigeria-China N720 Billion Currency Swap Collapses by 1Alex: 6:24am On Oct 19, 2021 |
Anything handled by this set of people does not progress. 77 Likes 2 Shares |
Re: Nigeria-China N720 Billion Currency Swap Collapses by googlepikins: 6:24am On Oct 19, 2021 |
Only if Nigerians know how Alhajis are stealing like hood rats under their brother Buhari. I thank God by 2030 price of Crude oil will drop to below $20, make I see the bastards that will say I should pay tax for them to be flexing with. 48 Likes 3 Shares |
Re: Nigeria-China N720 Billion Currency Swap Collapses by dawnomike(m): 6:34am On Oct 19, 2021 |
It was a good initiative that failed to achieve the desired purpose. 1 Like |
Re: Nigeria-China N720 Billion Currency Swap Collapses by BlackyOne: 7:07am On Oct 19, 2021 |
If something fails in Nigeria just know someone is using it to cash out 14 Likes |
Re: Nigeria-China N720 Billion Currency Swap Collapses by espn(m): 7:07am On Oct 19, 2021 |
Wat a country |
Re: Nigeria-China N720 Billion Currency Swap Collapses by kollinz1234(m): 7:07am On Oct 19, 2021 |
Can anyone mention anything this government has gotten right? Hellanus Bbgrills Buckeymumu Etc 13 Likes |
Re: Nigeria-China N720 Billion Currency Swap Collapses by olaboy33(m): 7:08am On Oct 19, 2021 |
Welcome to Nigeria where everything is collapsing. Siemens Power deal, Ajaokuta Revival all collapsing, no one in the whole cabinet has the brains to follow these through after Abba kyari demise. Those that have the brains have been relegated to the back seat to watch how everything collapses. 14 Likes |
Re: Nigeria-China N720 Billion Currency Swap Collapses by Mossadd: 7:08am On Oct 19, 2021 |
But why? |
Re: Nigeria-China N720 Billion Currency Swap Collapses by tmtech: 7:08am On Oct 19, 2021 |
Naija government have no direction and no body gets the axe when things don't go as planned. They keep making policies that are ineffective at the detriment of the citizens.. They never take responsibility. It is shameful that we still waste some much money in the name of subsidy and after six years of Buhari in power, no new refinery built. We are in serious debt and have very little to show. Federal roads are now major death trap. Things are really bad... Only our leaders gets to lick the honey 12 Likes 1 Share |
Re: Nigeria-China N720 Billion Currency Swap Collapses by KhingLufem1(m): 7:08am On Oct 19, 2021 |
Ok |
Re: Nigeria-China N720 Billion Currency Swap Collapses by AntiBMC(m): 7:08am On Oct 19, 2021 |
It doesn't matter how good an initiative is. When incompetent people are brought in to oversee the initiative, it will surely collapse. Meanwhile, China has cashed out. They are dealing with ignorant illiterates in the Nigerian govt and they know it. This Fulani govt has made this country, a cash cow for China. No wonder they decided to bring Chinese banks to Nigeria; so they can launder, syphon and pack all the money they can grab while the brain-zamaged fo0ls are in power. It is finished. 21 Likes 1 Share |
Re: Nigeria-China N720 Billion Currency Swap Collapses by bosschinalu(m): 7:08am On Oct 19, 2021 |
Ask Peter Obi to explain |
Re: Nigeria-China N720 Billion Currency Swap Collapses by Temptee101(m): 7:08am On Oct 19, 2021 |
Before nko, just like how every other thing has collapsed under buhari. They (presidency, sycophants and their dogs) are only good at propaganda and signing useless MOUs with no meaningful impact. All that money gone down the drain. 4 Likes |
Re: Nigeria-China N720 Billion Currency Swap Collapses by Kingcalls: 7:08am On Oct 19, 2021 |
Buhari...the ole gunner solskjaer of Nigeria...anything he touches collapses 14 Likes |
Re: Nigeria-China N720 Billion Currency Swap Collapses by AmazingELixir: 7:08am On Oct 19, 2021 |
Re: Nigeria-China N720 Billion Currency Swap Collapses by zuchyblink(m): 7:08am On Oct 19, 2021 |
President Failure never disappoints 4 Likes |
Re: Nigeria-China N720 Billion Currency Swap Collapses by donnie(m): 7:08am On Oct 19, 2021 |
It is finished |
Re: Nigeria-China N720 Billion Currency Swap Collapses by clarocuzioo(m): 7:09am On Oct 19, 2021 |
Anything Buhari touches collapses. I remember when this deal was signed, his online urchins were all over the media space disturbing us. Now they have gone dumb. Buhari is the only natural disaster that happens in Nigeria 17 Likes |
Re: Nigeria-China N720 Billion Currency Swap Collapses by Newton2024: 7:09am On Oct 19, 2021 |
I'm not surprised. Buhari is synonymous to failure. Buhari is failure. He has buharified Nigeria. 5 Likes |
Re: Nigeria-China N720 Billion Currency Swap Collapses by reiddecuti: 7:09am On Oct 19, 2021 |
Failure as expected. It's their TRADEMARK!!! Nothing good comes out from this government. 7 Likes |
Re: Nigeria-China N720 Billion Currency Swap Collapses by greenie77: 7:10am On Oct 19, 2021 |
Lai Mohammed will still be bold enough to say it hasn't collapsed. 3 Likes |
Re: Nigeria-China N720 Billion Currency Swap Collapses by Nobody: 7:10am On Oct 19, 2021 |
No country on Earth would risk swapping Nigeria naira as the money is close to being as useless as the tissue paper. 3 Likes 1 Share |
Re: Nigeria-China N720 Billion Currency Swap Collapses by Nigerialabalaba: 7:10am On Oct 19, 2021 |
Nonsense and ingredients! China wey no get himself for like 2 years now with the serious covid-19 palava and Hong Kong/Taiwan and Donald Trump attack until dey sack am last year, na hin go get time for currency swap? Anything like this must wait until China recover fully! As I type here, some companies don shut down and some parts of China dey in darkness due to the soaring energy cost. 7 Likes |
Re: Nigeria-China N720 Billion Currency Swap Collapses by Offpoint1: 7:10am On Oct 19, 2021 |
Re: Nigeria-China N720 Billion Currency Swap Collapses by DropsMic(m): 7:10am On Oct 19, 2021 |
No surprise |
Re: Nigeria-China N720 Billion Currency Swap Collapses by AmuEbule: 7:10am On Oct 19, 2021 |
Buhari and APC till 2068. Shebi that’s the clowns you voted for, after collecting bags of Garri and key soaps. Mumu people 3 Likes |
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