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Nairaland Forum / Nairaland / General / Business / Relationship Between Inflation And The Unending Devaluation Of The Naira (12836 Views)
Naira devaluation: BDCs get dollars at ₦393, sell for N494 / FG Rejects IMF’s Call For Further Devaluation Of Naira / Analysts Predict Naira Devaluation To N400/$ (2) (3) (4)
Relationship Between Inflation And The Unending Devaluation Of The Naira by NwaNimo1(m): 11:47am On Nov 26, 2021 |
Across every stakeholder spectrum in the Nigerian economy (i.e. investors, consumers, policymakers or economic observers), one persistent recurring topic is the incessant Naira depreciation against major currencies. https://nairametrics.com/2021/11/26/relationship-between-inflation-and-the-unending-devaluation-of-the-naira/ 14 Likes 3 Shares
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Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by YoobaNesan: 12:05pm On Nov 26, 2021 |
.... 6 Likes
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Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by GRACEGLORY: 1:26pm On Nov 26, 2021 |
How else can it be devalued than this. 12 Likes 1 Share
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Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Malox10: 1:26pm On Nov 26, 2021 |
Buhari will tackle security OSINBAJO will tackle economy 9 Likes 1 Share |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Stonerobaba(m): 1:26pm On Nov 26, 2021 |
Lets talk about something else please. Naira is finished 7 Likes 1 Share |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by beautyfunke(m): 1:26pm On Nov 26, 2021 |
NwaNimo1:see project topic.... Copy and paste 3 Likes |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Bomaye7(m): 1:26pm On Nov 26, 2021 |
Nigeria is a totall economic security mess 2 Likes |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by ObaOfEsan: 1:27pm On Nov 26, 2021 |
1 Like |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Mummytoo: 1:28pm On Nov 26, 2021 |
Summary please |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Bomaye7(m): 1:30pm On Nov 26, 2021 |
Malox10:biggest scam 8 Likes |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by TenQ: 1:36pm On Nov 26, 2021 |
Economists thing that monetary and fiscal policiy changes will fix the naira but i disagree. 1. We import virtually every thing we consume (from pencils to papers, to clothings, to sugar, to flour, to electronics to vehicles etc) 2. The things we need are purchased with foreign currencies 3. There seem to be few alternatives to import for what we consume 4. The Naira available is chasing the few dollars from the CBN Of cause, the cost of dollars, euro, pounds will increase relative to the naira 1. Price of commodities will increase (inflation) 2. Value of Naira will decrease Solution: Government sponsored systematic import substitution Economy is to be practiced. Note: Its not just about closing borders or restricting import. The fundamental of manufacturing is flawed, it has to be repaired. 12 Likes 1 Share |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by flyca: 1:37pm On Nov 26, 2021 |
Malox10: So after 6 years, you are still shamelessly saying “WILL”? 5 Likes |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by ygowon: 1:37pm On Nov 26, 2021 |
Sai baba |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Abdul240(m): 1:40pm On Nov 26, 2021 |
May God Almighty help us out of these hardship Happy juma'at mubarak 1 Like |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Nobody: 1:41pm On Nov 26, 2021 |
This is what happens when you run an economy based on selling raw materials and oveimporting Apc hasn't changed that. Neither would PDP 8 Likes 1 Share |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Aksnoopy: 1:42pm On Nov 26, 2021 |
Zombies say something please! 1 Like |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by InvertedHammer: 1:42pm On Nov 26, 2021 |
/ It doesn't make any economic sense to have a long-term savings in naira. Change the money to euro/pounds/dollars OR buy empty plots of land as a hedge against inflation. $1000 in a domiciliary account was worth N195k in 2014, N350k in 2018 and now, N570k in 2021. The primary beneficiaries are the politicians who looted the Treasury and banked in foreign countries. They get richer daily without lifting a finger. Shhh. Let me tell you a secret. Do you think 2020/21 was rough? 2022 will be worse. US inflation is highest in 30 years. Through monetary and fiscal policies, US will try to reset. US Fed will definitely start tightening next year and US dollars will skyrocket. To make matters worse, covid and its variants are rearing their ugly heads again. Europe is shaky right now. Oil is down 10% today alone. A country like Nigeria will definitely be hit hard. Plan: Keep cash available and buy up any asset you can afford. NB: I am right most of the time / 18 Likes |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by JAMO84: 1:46pm On Nov 26, 2021 |
Fish brain Wailing losers cannot read and comprehend. The article says one thing, wailers are saying something else. 1 Like |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Naijabad: 1:47pm On Nov 26, 2021 |
Malox10: This is what they told us. But with the benefit of hind sight, we knew that the combination is disastrous. 4 Likes |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by jericco1(m): 1:47pm On Nov 26, 2021 |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Zico5(m): 1:48pm On Nov 26, 2021 |
The last straw that will break the Carmel back is looming removal of subsidy. If this is done Nigeria is gone. We will all fight to take back this country from these cankerworm and looters. 3 Likes |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by CocoaOla: 1:57pm On Nov 26, 2021 |
APC goverment of scams can never be solution simply because what all Nigeria policies makers know is how to tax tax and scams Nigerians No research and review their own is just to inflate price at every given opportunity 3 Likes |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Globad(f): 1:59pm On Nov 26, 2021 |
Insecurity is another factor behind inflation in local food prices as many farmers can't get to farms. 2 Likes |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by revived: 2:02pm On Nov 26, 2021 |
See guys just earn in Dollars The naira is now Soo useless Went to the mall yesterday and I was shocked with what I bought. The naira is gradually becoming useless but if you earn in Dollars you won't feel it. 5 Likes |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by DAutoDiagnosis: 2:03pm On Nov 26, 2021 |
Not in the mood Abbeg |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Nobody: 2:04pm On Nov 26, 2021 |
We have always had leaders that are disorganized,hence the free fall How to quickly become an effective affiliate marketer in no time,tips and video trainings involved Check my signature for more info 1 Like |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by larryking540: 2:10pm On Nov 26, 2021 |
TenQ:when the govt can't educate an average Nigeria why it's important to consume homemade products but they are very fast to short down border or importations ,the masses become confuse ....most Nigeria don't know the advantage of consuming home made product boss 4 Likes |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by GreaterFuture(m): 2:13pm On Nov 26, 2021 |
Okk. Who has USD Dollars to sell? Inflow to inflow, or offshore to offshore, sure sellers, clean funds, good Rate...? |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by Nobody: 2:18pm On Nov 26, 2021 |
It's embarrassing to see this thread like this. I'm highly disappointed in Nigerians. A THREAD that was posted since yet see the few posts trickling in. Such a highly educative post, you wouldn't find people rushing in to comment especially those who crave to be RICH few years from now. But when issues of SEXUAL FANTASIES & SNAKES are posted, You would see people craving to be the first to post. Most times we blame the moderators for pushing stupid sexual fantasies to the front-page, little did we know the already knew what the majority and masses wanted. 10 Likes 3 Shares |
Re: Relationship Between Inflation And The Unending Devaluation Of The Naira by larryking540: 2:36pm On Nov 26, 2021 |
Zico5: Nigeria govt treat looters and money laundering individuals as Kings so any average Nigeria who can get hold of political position the first 100days in office , money must go missing .it's a fact because we celebrate criminals ,a death sentence bill should be pass ,a man who steals with a gun or with a pen deserve the same death sentence 3 Likes |
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