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Nairaland Forum / Nairaland / General / Business / CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg (21803 Views)
CBN Did Not Devalue The Naira! / Nigeria’s Refusal To Devalue Naira Likely To Fail, Again - Bloomberg / News Why CBN May Devalue Naira This Year — Report (2) (3) (4)
CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Islie: 7:45am On Nov 17, 2022 |
By Tony Chukwunyem https://www.newtelegraphng.com/report-cbn-may-devalue-naira-steeply-after-2023-elections/ 1 Like 1 Share
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Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by sonature1: 7:47am On Nov 17, 2022 |
Naira devaluation is not my business. However, Emefiele should not buy into Senate's demand to make the deadline for returning old naira notes May 2023. If he tries that, it's just useless redesigning the naira. We know that politicians have stockpiled so much naira notes for vote-buying. 77 Likes 1 Share |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by ebexofficial: 7:54am On Nov 17, 2022 |
Once the new dollar bills are our I dey buy keep down ASAP, better that many business for now. 1 Like |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Redoil: 9:11am On Nov 17, 2022 |
tinubu or atiku who ever wins between them will surely do 2 Likes |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Vipro(m): 12:47pm On Nov 17, 2022 |
No be this same Emefiele wan buy party ticket that time? I bin tok am say...if na Economics, this man no sabi even SS1 Economics student sabi am wella for where this man dey. He is just a politician that is using politics knowledge to play Economics! and na political connection cause all these 9 Likes 1 Share |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by koladata(m): 12:47pm On Nov 17, 2022 |
I don't even know what it means 4 Likes |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by donestk(m): 12:48pm On Nov 17, 2022 |
Intellectual posts scares NL members 24 Likes 3 Shares |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Yankiss(m): 12:48pm On Nov 17, 2022 |
Please, we are all tired of the weak naira and you are talking about weakening it further. You want it to become Zimbabwe dollars? Anything to be done to strengthen the naira should be done. Our currency is now the cheapest kpekus in Africa to be bleeped by even Somalia, Togo and other weak economies. 16 Likes 9 Shares |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Olachase(m): 12:48pm On Nov 17, 2022 |
Me I no even day understand any news for Nigeria again how una talk day do ham. Make I no lie this country Don reset my brain, my government is f*cuking me everyday Abeg from Ikeja to yaba-left na how much I won go check something 2 Likes 1 Share
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Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Selfmotivated: 12:48pm On Nov 17, 2022 |
Islie:This kuntri tire person o. Any way to improverish the common man is a welcome idea. WTM 1 Like |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by highchief1: 12:48pm On Nov 17, 2022 |
Redoil:ah u didn’t mention Peter obi? 1 Like |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by vedaxcool(m): 12:48pm On Nov 17, 2022 |
International speculators and taking a bet against the naira. This is their specialty they bet against your currency and create buzz to make it happen. 17 Likes 2 Shares |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by FreeStuffsNG: 12:49pm On Nov 17, 2022 |
13 participants survey? And Bloomberg formed an opinion on such a highly sensitive issue of the currency of a foreign country. This is irresponsible junk journalism and a figment from the imagination of their doomsday 'experts'. With US still exposed to the Ukraine war, oil still high and inflation yet to abate amidst cost of living crises in US major trading partners with likely roll out of digital dollar, those unpatriotic and negative-minded participants do not see the US dollar depreciating and naira gaining instead? This bloomberg report is from a blogger. check my signature for free stuffs! 15 Likes |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Selfmotivated: 12:50pm On Nov 17, 2022 |
Islie:This country tire person o. Any way to improverish the common man is a welcome idea. WTF |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Jesuschristus: 12:50pm On Nov 17, 2022 |
Nawa oo |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by mediclife1987(m): 12:51pm On Nov 17, 2022 |
ebexofficial: What of us wey dey buy dollars keep for mutual funds for Cowrywise? |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by InvertedHammer: 12:51pm On Nov 17, 2022 |
/ Soludo bears most of the blame. All his policies in CBN since 2003 amounts close to nothing. / |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Collins0609(m): 12:52pm On Nov 17, 2022 |
13 participant To dictate for over 200 million people Shey you dey whine me nii 3 Likes |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by nihinlade(m): 12:53pm On Nov 17, 2022 |
Hmmm! It is well! |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Conner44: 12:53pm On Nov 17, 2022 |
The finance minister once assured us that the exchange rate of the Naira against the Dollar will get to N1,000 by December and just watch how it must happen. All this fluctuations we are experiencing now will surely level out in a few days time. In another news . . . Soludo was a very terrible CBN governor. He single-handedly destroyed the Nigerian banking sector. Why couldn’t he learn from the German model of banking evolution? After a long time battling with their own banks they decided to practice the regional banking model which has strengthened their own banking institutions there thereby making it an envy to other countries around them. Why must one bank have branches in every local government of the country? Can’t we have regional banks that can cater to different parts of the country? In other countries with better financial systems you’d hardly find such a model. Over there you’d see banks that only operate in a state or part of the country and can’t be seen in other parts but they’re customer care and deposit/withdrawal systems are all linked together. Soludo’s N25billion useless reserve policy killed off 90% of the regional and micro finance banks in Nigeria thereby adding to our growing unemployment rate. See the police micro finance bank in ikeja that year with steady deposits that crashed. They had trillions of naira streaming in and out as deposits and withdrawals before that useless policy of his came about. When I knew there was something wrong with his policy was when small tiny Standard Trust Bank took over a whole UBA Standard Trust just rushed to sell off their shares anyhow to get the capitalization for their wuru-wuru takeover. Today you see mushroom banks starting and failing anyhow. How many times has Skye bank/Polaris bank been sold and resold within the last 15 years? I still wonder how Nigeria allowed Soludo who studied Economics to head the country’s banking industry. What a big goof on our leaders part. 7 Likes 1 Share |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by GolDRoger: 12:53pm On Nov 17, 2022 |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by nihinlade(m): 12:54pm On Nov 17, 2022 |
It is well |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Racoon(m): 12:58pm On Nov 17, 2022 |
As it was in 1983-85, is now in 2015-2023 and so shall it ever be with Buhari-the president with the undisputed legacies of multiple economic recessions and double digits inflation. 2 Likes |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Mastakija(m): 1:06pm On Nov 17, 2022 |
H |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by atheistandproud(m): 1:08pm On Nov 17, 2022 |
Igbedu |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by PStacks(m): 1:09pm On Nov 17, 2022 |
Dollar has appreciated over Great Britain Pounds, Japanese Yen, Australian Dollar, European Euro, Bitcoin. Every other item or commodity or currency that trades against the Dollar is Bear and only the Dollar is Bull. The Dollar has been very Bullish in recent times and every other Currency Bearish. The Naira is no Exception in a Globally Competitive Space... We can either continue to sleep and watch the Naira slide into doldrums Or we Wake-up collect our Money... Save our Naira. To be very fair, the rate at which Naira is pursuing Dollar today, exchange rate should be somewhere at around #600 per single American Dollar and not that #433 Emefiele is comfortable sleeping at night with, deceiving himself and the economy like Nigeria were isolated from Global Finance. The Markets don't respond to Policies only on Paper but Market Realities on ground. #433 is a very Dishonest rate for the Dollar today. Fuel pump prices are already adjusting from #180 per litre to somewhere above #200 per litre.. You can't peg the Dollar with no commensurate Development to show for it. 6 Likes |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by Taigaban: 1:10pm On Nov 17, 2022 |
I can believe you in this one. Immediately after election the Federal government will surely devalue the Naira to be able to meet up with recurrent expenditure. Few income in dollars plenty naira. 1 Like |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by deflover(m): 1:11pm On Nov 17, 2022 |
vedaxcool: They don't need to create buzz Buhari don use our kidney borrow money already |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by TOPCRUISE(m): 1:11pm On Nov 17, 2022 |
I don't know why CBN want to make the Naira beautiful despite it's irregular valuation. |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by AlphaTaikun: 1:11pm On Nov 17, 2022 |
Islie:This survey is just a projection of perceptions from analysts and investors. This is the reason why the headline has "MAY DEVALUE" the Naira. The word MAY is the keyword here. Get it? 1 Like 1 Share |
Re: CBN May Devalue Naira Steeply After 2023 Elections - Bloomberg by frankson1(m): 1:12pm On Nov 17, 2022 |
InvertedHammer: What Soludo said about Obi can not be taken back so you better move on. 3 Likes |
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