Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,215 members, 7,818,730 topics. Date: Sunday, 05 May 2024 at 11:15 PM |
Nairaland Forum / Nairaland / General / Business / FG Moves To Digitise FX Transactions To Punish Naira Speculators (42215 Views)
Naira Maintains Steady Falls As Speculators Scoop Dollars / Naira Crashes To 1,030/$ As Speculators React / CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by VULCAN(m): 10:06pm On Oct 23, 2023 |
Hahahaha. You are chasing rats while lions eat your children. An inept government and its supporters. Peter Obi said "Let's move from consumption to production. " The oafs shouted him down. They said "Let's move from Buhari to Tinubu" Now factories are closing down weekly. We are following in the footsteps of Zimbabwe. And animals in human skin as the Legend sang are saying "Give him more time" "What he did in Lagos, he will do in Nigeria." Lollz 14 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by Seequadry(m): 10:06pm On Oct 23, 2023 |
Wow |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by princeade86(m): 10:07pm On Oct 23, 2023 |
Acekidc4:as they gave GEJ time abi that they even called subsidy scam even when they knew is the best. They played politics with human lives. 6 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by ThatCEO: 10:08pm On Oct 23, 2023 |
FreeStuffsNG: Wetin happen |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by globalresource: 10:08pm On Oct 23, 2023 |
FreeStuffsNG: From about 500 to 1200. Kilounye jero re |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by Samade7: 10:09pm On Oct 23, 2023 |
There was a country
|
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by stewiepeter: 10:09pm On Oct 23, 2023 |
FreeStuffsNG:This your free stuff nah black market rate you dey use or bank rate? 1 Like |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by ShootThemAll(m): 10:10pm On Oct 23, 2023 |
FreeStuffsNG: You go explain tire...no evidence! APC Buhari did same thing. Bunch of Stockholm Syndrome patients, shameless 50k per month social media rats singing praises to failures. This government has NOTHING to offer...everytime "we will" , "we are in the process of" 14 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by Lastmankc(m): 10:11pm On Oct 23, 2023 |
Acekidc4:That how you Ebola miscreants asked us to give buhari time till he destroyed the economy.Now, you want us to give tinubu time again to finish everything 8 Likes 1 Share |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by NewDea4: 10:12pm On Oct 23, 2023 |
FreeStuffsNG: $10 billion from where??!! You sound like a drunkard😆 11 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by 735i(m): 10:12pm On Oct 23, 2023 |
This one has started with the stupid threats and ambiguous statements that Meffy made which led us down this rabbit hole. Mr. CBN governor, act first, speak later, otherwise, this FX market will teach you a lesson. 5 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by schoolboymatt(m): 10:12pm On Oct 23, 2023 |
FreeStuffsNG: forgive my curiosity sir, real market forces like what? 1 Like |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by ruffDiamond: 10:14pm On Oct 23, 2023 |
Snatch &grab pickpocket policies Nonsense Executhief order |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by justmondris: 10:14pm On Oct 23, 2023 |
Acekidc4:Na so una talk for Buhari regime. 1 Like |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by Angelfrost(m): 10:15pm On Oct 23, 2023 |
Mehn... How long will this Propaganda be sustained??! 3 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by okorogodwin4(m): 10:15pm On Oct 23, 2023 |
Bunch of confused sadwast elements you will keep changing policies and shifting goal posts at the middle of the game while Naira is going to 2k per dollar posterity will judge you people 2 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by Whatisurproblem(m): 10:15pm On Oct 23, 2023 |
Acekidc4:How long? I mean how long can you as a human survive without food and water! This is thesame statement you people mention in 2015 to 2022 that Nigerians should be patient with buhari until we discovered in 2022 that buhari was busy developing his home town Niger. Una don start again useless advisers 5 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by Afonja007: 10:16pm On Oct 23, 2023 |
FreeStuffsNG:even if tinubu say nigeria will start using CEFA you will still support him this how you people lied and lied that buhari is the best president in the history of Nigeria so tinubu will look good in his eyes ,Nigerians in diaspora are not mumu,we don't even need nigerian government to send money home we do what is called euro to euro,me to send dollars to Tinubu's and his brothers in his government to boost his government? Tufiaaaa 2 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by oneman2k7: 10:16pm On Oct 23, 2023 |
I am tired of all these to do these and to do that. Do what u have to do and get Nigerians out of all these mess. 2 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by tnerro1(m): 10:17pm On Oct 23, 2023 |
Am surprised no one is talking about the $3 billion dollar they borrowed the last time to “stabilize “ the naira, where the money come enter? 7 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by imbless: 10:19pm On Oct 23, 2023 |
FreeStuffsNG:Delusional fellow 🤣🤣🤣 4 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by NewDea4: 10:20pm On Oct 23, 2023 |
Babanah: So that CBN can air them when they try to redeem... You should be able to see why governments need to be trustworthy by now, Nigerian government is a criminal enterprise and you'd be a fool to rely on them 2 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by Stevosty: 10:20pm On Oct 23, 2023 |
I hope this policy will not make matters worse, internal production and industrialisation is the key, not chasing shadows, else dollar skyroketted to N2000. 3 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by Basicend: 10:20pm On Oct 23, 2023 |
Govt should diversify to agriculture fully and significantly. Discount capital projects that are not heavily compelling now. . Reduce dependency on oil as major revenue and driver of forex. . Then a breather will come in gradually. . 2 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by Teenaira: 10:20pm On Oct 23, 2023 |
FreeStuffsNG: Every sensible person will know that the exchange rate of $ to Naira can not be N1200 to a dollar. What we have currently is pure speculations and I will sincerely like government to hit these criminals real hard. However, statement like the one coming from government now will be a subtle warning to these speculators creating artificial demand for dollar. There is no project the country is engaged in that requires the kind of dollars we consume daily currently. Government, either through the CBN or minister of finance should continue to let them know that government will use the big stick without any notice. That is likely going to make some of them stop the round tripping while the die hard may be caught in the act. 1 Like |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by Vision101(m): 10:21pm On Oct 23, 2023 |
A few hours ago I wrote here that the fx rate is purely caused by speculation and roundtripping. There is so much arbitrage going on. Some people in their usual way with political undertone abused us. I mentioned that a sudden policy will crash all this. I hadn't read this news then. It's basic economics that hence we are import dependent economy and if the consistent upward movement of the rates is a true reflection of the economy then the smallest packet of biscuit would not be less than #500. But this isn't the case. Then something artificial is going on. Watch out for major policy that will shake naira in the first quarter of 2024. I will keep repeating this: I'm an Igbo and apolitical. President BAT is the best among the three. He inherited so many problems but will not talk because buhari is from APC. The mess started from two years towards the end of Jonathan's regime but buhari rubbed shit everywhere. 7 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by Taich(m): 10:22pm On Oct 23, 2023 |
LAXconfidential: Speak a bit of yoruba to tap in sentiment from his audience and boom he sounds right, why warn "speculators" when you are sure you have the solution to the madness in fx sector. Government of Propaganda. 4 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by Shikena(m): 10:23pm On Oct 23, 2023 |
Those mocking Nigeria today are guaranteed to face shame as the steady growth will start manifesting in a matter of months. They will shift goalpost as usual when the time comes. 2 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by LAXconfidential(m): 10:23pm On Oct 23, 2023 |
Taich: Exactly! 1 Like |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by imbless: 10:25pm On Oct 23, 2023 |
Babanah:Bro Nigeria don't have enough fx to back up USD ETF, so this won't work at all because a Nigeria can't create dollar out of thin air. 4 Likes 1 Share |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by malali: 10:25pm On Oct 23, 2023 |
Not improving export base ? Depending on raw crude oil sales from 1970's ? Looting politicians recycled every 4 years ? Nothing can save the naira. Unless we find huge deposits of crude oil with easy access to drill and also get rid of these politicians. 3 Likes |
Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by ufuosman(m): 10:29pm On Oct 23, 2023 |
Na wa |
(1) (2) (3) (4) (5) (6) (7) (8) (Reply)
Ikpeazu Visits The New Aba Shoe Factory (Photos) / Billionaire Tony Elumelu Visited Bob Marley House In Jamica, Shares Photos / Prince Omoha Bags African Young Entrepreneur & Humanitarian Personality Award
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 60 |