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Nairaland Forum / Nairaland / General / Politics / Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank (22136 Views)
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Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by BigBashiru: 1:24pm On Apr 22, 2022 |
Bretton Woods and IMF and World Bank are institutions aimed at maintaining Western power over the whole world.... I don't even know why emefiele is listening to them.... 5 Likes |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by illicit(m): 1:24pm On Apr 22, 2022 |
But we are in a sinking ship, is it not better to float our money |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Coldie(m): 1:25pm On Apr 22, 2022 |
How won’t naira fall when apart from the excessive debts that have been accrued, the little one that’s remaining they are stealing everything without any form of pity 2 Likes |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Elsucre042: 1:25pm On Apr 22, 2022 |
yanabasee: Hmmm... shebi them stylishly carry the matter go appeal court? Its still in itself not yet an established law it is under contention. 9ja matter don tire me jaree. Still a win win for them(Serving Ministers), holding on to the portfolio n free declaration to run for an office |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by frankputer: 1:25pm On Apr 22, 2022 |
na waoo |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Warrior247: 1:27pm On Apr 22, 2022 |
bibianna:You too funny ... I don laugh tire here 2 Likes |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by baralatie(m): 1:28pm On Apr 22, 2022 |
OlawaleBammie:They wan make one dollar sell for #1000 |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by frowland(m): 1:29pm On Apr 22, 2022 |
ojesymsym: There are for example, free float and managed float. Their is no economic term called ‘indirect float’. |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by MrPADDY(m): 1:33pm On Apr 22, 2022 |
Local or foreign |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by baralatie(m): 1:33pm On Apr 22, 2022 |
frowland:But it can be created |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Pootle: 1:35pm On Apr 22, 2022 |
no CBN governor like soludo the rest are bunch of clowns |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by baralatie(m): 1:37pm On Apr 22, 2022 |
Pootle:Did soludo float the naira? |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by adioolayi(m): 1:39pm On Apr 22, 2022 |
Your policies that have not been working for 7 good years, to which different cerebral groups have counselled and advised you on, yet you are adamant...what new thing are you expecting Mr Emiefiele Nigerians can't wait for your tenure to be over. Since you've placed some commodities on exclusive list and closed the boarder, what has changed Do we have enough rice and other things now Are we going to have them before your tenure ends Mr Emiefiele, please just finish your tenure and go in peace..Thank you 1 Like |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by deflover(m): 1:45pm On Apr 22, 2022 |
bad news for the naira it will go to N1000 to a dollar before July what he is not telling us is that they will devalue the naira so if u have naira u better convert to dollars |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by grandstar(m): 1:47pm On Apr 22, 2022 |
As long as the true CBN governor, president Mohammad Buhari is opposed to market determined exchange rates, the economy will continue to suffer, the artificial dollar scarcity will not abate, and the massive spread between the official exchange rate and that of the parallel will be unending. Due to the massive spread between the official and parallel, there's lots of round-tripping. This can simply be gleaned from what the banks charge for online foreign payment through Naira denominated debit cards. 1 Like |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Nobody: 1:48pm On Apr 22, 2022 |
And it's not already? |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Neddyogu(m): 1:51pm On Apr 22, 2022 |
kingemaker:U pump in a little air! |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by gr8ofnnetwork(m): 1:57pm On Apr 22, 2022 |
yanabasee: Your likes are destined to make such comment. Wait oooo, so, all the school when your parent invested on you, this is the best of your critical thinking. So sorry man for being like this |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by soberdrunk(m): 1:58pm On Apr 22, 2022 |
illicit: Better to float ke!!!?? Do you want $1 to be 20k naira? Even countries with strong economies still put mechanisms in place to guard their currencies!!! 2 Likes |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Bigchristo: 2:01pm On Apr 22, 2022 |
yanabasee:You see Nigerians don’t check a lots of things anymore, he should have been resigned since |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Okoroawusa: 2:03pm On Apr 22, 2022 |
yanabasee:Emefiele has never declared for Nigerian presidency. 1 Like |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Cognitivereason: 2:05pm On Apr 22, 2022 |
Coldie: Debts have little impact on the value of naira.. Our main problem is we are a consuming nation not producing.. And also the 2014/2015 oil shock as wel 1 Like |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Cognitivereason: 2:06pm On Apr 22, 2022 |
soberdrunk: Trust me...most people who commented don't even know what the CBN governor mean..they just comment out of sentiments.. The CBN governor is right |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Dailyparrot: 2:08pm On Apr 22, 2022 |
OlawaleBammie: The central bank governor is saying that the country cannot afford to let naira float freely in the open market without some form of intervention. IMF and World Bank wants the central bank to stop all forms of intervention, example, supplying dollar into the market to reduce the dollar scarcity that would have otherwise caused a decrease in the value of naira. But CBN governor is saying that Nigeria cannot afford to do that because it will have serious consequences in the economy. Naira could exchange for 2000 naira per dollar if CBN should allow it to float with the market forces (the forces of demand and supply). |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Kpengla(m): 2:14pm On Apr 22, 2022 |
The Naira would have fared better if this bald fool had floated it |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by CSNg: 2:16pm On Apr 22, 2022 |
This is the bald headed idiót who is campaigning for President. Someone that cannot manage the apex bank wants to come and finish Nigeria patapata. |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by JuanDeDios: 2:16pm On Apr 22, 2022 |
bibianna:As in ehn!? People will actually take his "grammar" for brilliance and surefootedness. |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by JuanDeDios: 2:22pm On Apr 22, 2022 |
Dailyparrot:It won't. And nobody can actually stop Emefiele from "supplying dollars" all he wants. The floating he needs to do is abolish the "CBN rate". That will close the difference between the "black market" and the official rate (570:415 to, say, 520). This will end round-tripping and every dollar "supplied" by the CBN will actually help stabilize the market. Under the current system, a few fat cats benefit while SMEs and the common man suffer. But he won't let go of the current system, which is how they "eat". That's why some people want to make him president. |
Re: Nigeria Won’t Float Naira, Emefiele Tells IMF, World Bank by Mase2020g(m): 2:27pm On Apr 22, 2022 |
Some idiot nor understand wetin this guy talk Thnks governor You are doing fine |
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