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Floating Of The Naira Has Become Its Seamless Devaluation - Business - Nairaland

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Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote / Importer To CBN: Tell The Truth, Naira Has Been Devalued / Analysts Predict Naira Devaluation To N400/$ (2) (3) (4)

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Floating Of The Naira Has Become Its Seamless Devaluation by ezekins: 6:07am On Oct 12, 2023
The central bank of nigeria should without delay discontinue the free floating of the naira. It is clear to all now that the policy can only continue to murder the naira. If proper research was done, the apc government should have known it was bound to fail because nigeria does not have the reciprocal fx inflow to maintain a free float of the naira.
Re: Floating Of The Naira Has Become Its Seamless Devaluation by Bliss52: 7:20am On Oct 12, 2023
Devaluation will favour Nigeria

If we increase LNG supply to Europe

If we can cultivate empty lands for wheat in massive industrial scale and supply Europe
Re: Floating Of The Naira Has Become Its Seamless Devaluation by jesmond3945: 10:03am On Oct 12, 2023
Bliss52:
Devaluation will favour Nigeria

If we increase LNG supply to Europe

If we can cultivate empty lands for wheat in massive industrial scale and supply Europe
then what of local consumption of lng? Prices will go up.
Re: Floating Of The Naira Has Become Its Seamless Devaluation by jesmond3945: 10:04am On Oct 12, 2023
ezekins:
The central bank of nigeria should without delay discontinue the free floating of the naira. It is clear to all now that the policy can only continue to murder the naira. If proper research was done, the apc government should have known it was bound to fail because nigeria does not have the reciprocal fx inflow to maintain a free float of the naira.
because cbn doesnt have dollars to defend the naira so they had to flaot it. So that imf and world bank can always give us dollars when we need it.
Re: Floating Of The Naira Has Become Its Seamless Devaluation by Bliss52: 10:06am On Oct 12, 2023
jesmond3945:
then what of local consumption of lng? Prices will go up.

Not when we have excess gas that we even flare some
Re: Floating Of The Naira Has Become Its Seamless Devaluation by Finestgurlie(f): 10:09am On Oct 12, 2023
Bliss52:


Not when we have excess gas that we even flare some
shatap stop talking nonsense
Re: Floating Of The Naira Has Become Its Seamless Devaluation by jesmond3945: 10:24am On Oct 12, 2023
Bliss52:


Not when we have excess gas that we even flare some
you even think the gas is excess. You would be shocked that if you mop up all the gas it would not even meet demand.
Re: Floating Of The Naira Has Become Its Seamless Devaluation by Bliss52: 10:38am On Oct 12, 2023
jesmond3945:
you even think the gas is excess. You would be shocked that if you mop up all the gas it would not even meet demand.

Nigeria has billions of metric cube in reserve

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