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Nairaland Forum / Nairaland / General / Business / Importer To CBN: Tell The Truth, Naira Has Been Devalued (29490 Views)
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Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by sonnie10: 7:09pm On Jun 02, 2023 |
arejibadz:I have seen devaluations since the days of Abacha $1-#22 . We all remember the trend and how parallel market reacts. Next week can never be different because no significant economic changes have occurred, other than subsidy removal. 1 Like |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by Lush100(m): 7:12pm On Jun 02, 2023 |
Teenaira:I agree with u. Let's see as things unfold (long term) |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by Eriokanmi: 7:15pm On Jun 02, 2023 |
BigIyanga:Fx would only increase from the official rate of 460 to 630. The parallel market would be a bit favoured. Dollar would soon be bought at the rate of 650/660 at the parallel market. We once had this experience some years back when the official rate and the bdc's rate was almost the same. That is what will happen, going forward because everyone, including the bdcs who bid will get fx. Dollar will be available to all but not at the old rate anymore. Its happening already. 2 Likes |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by sonnie10: 7:16pm On Jun 02, 2023 |
Teenaira:Where will the dollar come from to meet this demand? Remember that the money for subsidy was borrowed. 1 Like |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by sprints1: 7:21pm On Jun 02, 2023 |
So we should be expecting to buy dollar at 1500 naira or 1000 naira now. Well done APC 1 Like |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by sonnie10: 7:25pm On Jun 02, 2023 |
Eriokanmi:What you just explained makes sense but itβs a dangerous path. I foresee unintentional consequences. If everyone is able get dollars at the same rate, our local industries would collapse. Here is the reason. China and India imports are cheaper. Every one will obtain dollars and import, in so doing all locally produced goods would be abandoned. 1 Like |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by Nobody: 7:28pm On Jun 02, 2023 |
babyfaceafrica: Keep asking |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by osazee12(m): 7:29pm On Jun 02, 2023 |
So apparently daily trust newspapers that broke the story yesterday were right. The CBN should be transparent enough so as not to destroy investors' confidence. ////Osazee |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by Savechild23: 7:33pm On Jun 02, 2023 |
sonature1:No direction to the above state |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by IamAsiri: 7:33pm On Jun 02, 2023 |
sonature1: No. It shows that the particular story in question is not just an hearsay. |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by SmartyPants(m): 7:38pm On Jun 02, 2023 |
sonature1: No problem my dear, please help me remove it when you have the chance. But you've sha agreed that Vanguard showed integrity by standing by their Peter Obi religious war story abi? No problems! |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by broeric77: 7:39pm On Jun 02, 2023 |
[color=#000000][/color] Babalegba: Goan trust Balablu jor! |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by Ephatah: 7:41pm On Jun 02, 2023 |
Why is Emefiele still the CBN Governor? |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by Gordson: 7:41pm On Jun 02, 2023 |
APC is a useless party. Those supporting the party are useless and shady individuals who can never thrive in an environment where there's rules, law and order. 1 Like |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by renderme: 7:45pm On Jun 02, 2023 |
Pipefitter:To avoid panic. Everyone knows it has been devalued since Monday, exactly what tinubu promised to do. Now if only the media will have sense. |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by DKM123: 7:50pm On Jun 02, 2023 |
You people thought APC Government under Buhari is deceptive and full of propaganda?!!! You haven't met Tinubu the master of deception and manipulation (his fellow APC members refer to this his shady character as " the great strategist" ) UNA NEVER START! Make una brace up! E go be like that long mouth rat wey dey blow you breeze as e dey chop your toes. 2 Likes |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by EnterpriseMan(m): 8:21pm On Jun 02, 2023 |
Gaabasky:No we will not. They average man who does not earn in $ is a goner |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by bablon20(m): 8:34pm On Jun 02, 2023 |
All of a sudden we have all forgotten about the new naira note. God will punish Emefiele |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by IntelligentGoat: 8:44pm On Jun 02, 2023 |
I was not born a nigerian to keep on surviving all like you mentioned. The question here is HOW LONG SHALL WE CONTINUE TO SURVIVE ABI NA TILL YOU ENTER GRAVE YOU GO WON STOP TO DEY SURVIVE? GOD BLESS NIGERIA π³π¬ Gaabasky: |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by lildush(m): 9:15pm On Jun 02, 2023 |
This is the outcome of tinubu and Tony Blair meeting. This is d reason y US president CHOOSE to relate with a drug lord who rigged himself in to become president. It's all for selfish intrest. The west don't care about us.. it's unfortunate that we need them for all to go well. Tinubu is buhari pro max.. any way I don't care anymore let Dem do wat ever dey want. I will never lack..am just feeling for the poor masses 2 Likes |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by schoolboymatt(m): 9:40pm On Jun 02, 2023 |
we will have to wait and see who is right. |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by JOemmy(m): 9:54pm On Jun 02, 2023 |
That's balablublu govt for you. |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by ebenholer2(m): 10:00pm On Jun 02, 2023 |
THE CAUSE OF THE NATION BACKWARDNESS...A NATION WHOSE FOUNDATION IS BUILT ON LIES. THE SAME WAY THE NATION WAS STARVED WITH SCARCITY OF NATION WITHOUT MEANINGFUL PROVISION FOR AN ALTERNATIVE |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by AfonjaScud: 10:13pm On Jun 02, 2023 |
CBN became useless and a laughing stock during Emefiele's tenure. Gosh |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by proeast(m): 10:22pm On Jun 02, 2023 |
klismann12: These rogues are doing terrible damage on Nigeria. The country has become one of the worst banana republics in the world today. Consider these damning scenarios happening within one month: A minister of aviation scammed the country by claiming they've established an airline whereas they only rented one aircraft from Ethiopian airlines and calling for celebrations, they returned the aircraft to the Ethiopians. INEC conducted the worst election in the world and hired lawyers to defend their fraud. Even going as far as denying their own result sheets. World newspapers reported that a former drug baron won Nigeria's election. CBN issuing its rate and denying it completely . Among other shameful things now happening in Nigeria. If these bandits remain in government for up to 6 months, Nigeria will become the most disgusting country in the world! |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by ThiefnubuBandit(f): 10:31pm On Jun 02, 2023 |
babyfaceafrica: Keep shut since you don't know the truth!!! |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by marlow1962(m): 10:35pm On Jun 02, 2023 |
Babalegba:And yet you're suffering under your truthful messiah. Nigerians why? |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by justmondris: 10:38pm On Jun 02, 2023 |
babyfaceafrica: You donβt reveal your insiders like that. If you do people will no longer give your heads up on whatβs actually happening on ground. |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by reucom: 10:59pm On Jun 02, 2023 |
wonder233: Well said π 1 Like |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by peculiar2233: 11:35pm On Jun 02, 2023 |
Babalegba:What lies jas he lied to you before? Mumulegba ππ |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by balarabe01(m): 12:58am On Jun 03, 2023 |
This is a welcome development for Traders, atleast we have a unified exchange rate, we go pay less now @636 instead of our black market 755N.Kudos Bat. |
Re: Importer To CBN: Tell The Truth, Naira Has Been Devalued by Bluntemperor: 1:57am On Jun 03, 2023 |
baralatie: na so the man brought over the Masses - Cashless Naira Policy,up till today,it has gone into limbo! Anyway,the Masses are waiting for President Tinubu to do the correct thing,for the CBN man is just occupying space. Very Shameful! |
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