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Nairaland Forum / Nairaland / General / Business / Naira Rebounds As Banks Offload Excess Dollars (49024 Views)
CBN Orders Banks To Sell Excess Dollars In 24 Hours / Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market / Traders Lose As Naira Rebounds To 720/Dollar (2) (3) (4)
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Re: Naira Rebounds As Banks Offload Excess Dollars by hustla(m): 9:26pm On Feb 02 |
dettolgel: I tire for them! |
Re: Naira Rebounds As Banks Offload Excess Dollars by anonymous1759(m): 9:27pm On Feb 02 |
DrChukki: Broad day light wizard shameless spine , as long as Your happiness is tied down to the down fall of Nigeria you’ll never be happy and laugh it’s not a cause election loss is not madness. |
Re: Naira Rebounds As Banks Offload Excess Dollars by anonymous1759(m): 9:30pm On Feb 02 |
Agboriotejoye: So it’s only Apc that’s making the dollar rise? All the Abokis, banks staffs doing runs hoarding dollars are all APC? It’s obvious your criticism is tied to hatred, it’s not constructive. |
Re: Naira Rebounds As Banks Offload Excess Dollars by reucom: 9:33pm On Feb 02 |
Faiththatworks: You are making a lot of sense 👍 1 Like |
Re: Naira Rebounds As Banks Offload Excess Dollars by Agboriotejoye(m): 9:36pm On Feb 02 |
anonymous1759:I'm not even talking about that. I'm talking about your admonition not to sabotage our country for selfish gains Fayemi said 2012 anti-subsidy removal protest was just politics Ganduje said making Sanusi emir was just to spite GEJ Kawu Baraje said Fulani terrorists we're led into Nigeria pre-2015 elections to form a bulwark for insecurity in case APC lost APC condemned 216 naira to a dollar Those are the things I'm referring to. 3 Likes |
Re: Naira Rebounds As Banks Offload Excess Dollars by Loonyy(m): 9:44pm On Feb 02 |
gaby: The best comment of the year goes to you Bros U no dey close I for share 1 chilled bottle of Trophy with u U honestly have said it all The country.....to economy picture paints it all 2 Likes |
Re: Naira Rebounds As Banks Offload Excess Dollars by Faposky95: 9:53pm On Feb 02 |
Paraman: How do such sound bites correlate with the present economy austerity.....? Check, if gari no go back to #800 per paint or egg to big one #100 or 1kg kote #1000..... Na long ting you, yes, you readers are on....... |
Re: Naira Rebounds As Banks Offload Excess Dollars by Loonyy(m): 9:53pm On Feb 02 |
Information creates stability in the market But no be for this Dollar Marras Naira fall YAKATA It requires rocket science to revive it |
Re: Naira Rebounds As Banks Offload Excess Dollars by anonymous1759(m): 10:00pm On Feb 02 |
Agboriotejoye: I’ll make reference to what Fayose said , I won’t say anything about the leading Fulani to Nigeria that’s ambiguous. Politicians will always be politicians, if GEJ was the opposition he will also do the same thing to claim power we’re talking about politics here not the situation of Nigeria. I still blame GEJ partially he didn’t have a good PR team to sell his ideas of subsidy removal and the rest that happened, many people who supported APC then didn’t do it out of tribalism. APC’s PR was top notch. but accusing Everyone who supports Apc as tribalist or enemies of Nigeria is wrong , The best countries still have oppositions, without oppositions we will be having one party government let's leave that aside for politicians. I’d two people that traveled for this Xmas to Lagos , one from Jos , the other from Asaba, guess the Amt? From jos to Lagos 18k while from Asaba is 25k but these drivers will tell you it’s because of the increase in fuel . If you try to book flight tickets from the USA to Nig it’s not up to $1500. It’s about $500-600 or less , before naira fell flight tickets from neighboring countries are cheaper to USA or Uk you can verify . The list goes on like that . We do things to hurt ourselves to spite Nigeria not realizing we’re the Nigerians ourselves. Some of us qknow these things happening are artificial but because of election differences we pretend and contribute to the rot in our own way to the extent some people wish the country bad so they can laugh. They can’t separate politics from other things . I’ve leant to respect people’s choices regardless. 1 Like 1 Share |
Re: Naira Rebounds As Banks Offload Excess Dollars by adonainana: 10:07pm On Feb 02 |
Jesus Christ of Nazareth who runs this country. Nigeria must grow itself out of the problems it currently finds itself. Banning 43 items won’t help, mopping up extra dollars in the banks won’t help, even Dangote refinery won’t help. WE MUST DIVERSIFY THE ECONOMY. The maths and economics behind this is simple. You import so much and you export just oil thus leaving you with a balance of trade deficit. Even the oil you claim you export , you cannot refine it properly hence you have to sell the crude oil to countries that can refine it and you buy (IMPORT) it back. What a waste. WHY NOT DIVERSIFY THIS ECONOMY FOR CRYING OUT LOUD INSTEAD of corpers shouting corper wee wee at camps from morning to night . CONVERT ALL NYSC camps to COCOA processing and packaging centres . Incentivise corpers who are willing to go extra mile and become Agro prenurs by tripling their monthly allowance . Leave the corpers who are looking for white collar job after service alone Grow cucumbers, lettuce, oranges, pineapples, ONCE EVERY NYSC camp has been converted to a farming centre send entourages to Europe to look for buyers Yes NIGERIAN CUCUMBERS, NIGERIAN COCOA, NIGERIAN ORANGES , in tons in their millions See how much rain falls in this blessed land. Almost every single crop can grow here Uk imports bananas all the way from South Africa and panama . PLEASE PEOPLE OF GOD. Which country is closer to the UK by sea. Panama or South Africa If European countries are NOT COOPERATING and done want imported NIGERIAN COCOA , NIGERIAN BANANAS CLOSE DOWN THIER EMBASSIES or better still sell part of NNPC to them and in return they must buy Nigerian cocoa . Do you know how many coffee making companies in Europe need cocoa to make coffee and chocolate AGRICULTURE IS FREE. Build more NYSC camps and simply extend the scheme to poly graduates and do the same offer them big money to make them and work for the Cocoa farms and the banana Plantations. The NYSC camps in the south can manufacture tons of food for export The NYSC camps in the north can manufacture similar food groundnut, wheat etc for export The Nigerian government in Abuja ensures this products are exported with speeed What’s wrong with THE UK ONLY IMPORTING BANANAS from Nigeria What’s wrong with going to France and seeing only imported Nigerian carrots WHY OIL FOR GODS SAKE Agriculture is free , Sunshine is free Rain is free Oil you need to go and first find it , extract the crude oil , find a way to go and refine it , THEN YOU CAN ONLY SELL THE refined oil the price OPEC is selling a barrel at the time of the date. The price of oil is pegged at the international market . NIGERIA NIGERIA PLEASE WHY GO THROUGH THIS STRESS PLEASE PLEASE DIVERSIFY THIS ECONOMY. Go back to what you did before you discovered oil and the oil cursed you , and 50 years on the curse is visible . Human beings eat and most human beings eat food that are grown inside the ground No matter how rich a country is in oil , it most import it’s good from somewhere Do you know how much arable land Nigeria alone has in the south . Why are we wasting our time with this oil nonsense Even if it’s bananas Even if it’s mangoes At least we know we officially supply another country mangoes and bananas full stop Converting NYSC camps into mega farms and processing centres where rural farmers can sell their produce and from there the National government can use its power to get it out of the country to sell . IF ELECTION MATERIALS can get anywhere surely rural farmers can get their produce to the nearest NYSC CAMP that would now serve as mega centres Even local airports in Nigeria part of it can be conveyed to mega processing farms so some produce can easily be flown to Lagos ports Please if any one with links to the FG in Abuja can see this . This is not just a passionate plea or advice. THIS IS WHAT WOULD SOLVE NIGERIA PROBLEM ONCE AND FOR ALL Please we must grow our exports . Agriculture is the only area of Life where you grow money in the soil. There is a saying that a farmer can never be poor now imagine a country that exports food to feed the other countries Please leave Dangote to be selling his own jeje and diversify the economy Please I am pleading Regards Barrister Akinola Samuel Eluyefa +447591683924 2 Likes 1 Share |
Re: Naira Rebounds As Banks Offload Excess Dollars by Regex: 10:07pm On Feb 02 |
anonymous1759: To summarise what you have stated in a few words or sentences: Nigerians think the government is made up of a government and not fellow Nigerians. We Bleep ourselves up and blame the government. The government Bleep us up and still blame the government as though the government is an entity on its own. A being with life force of its own. 2 Likes 1 Share |
Re: Naira Rebounds As Banks Offload Excess Dollars by anonymous1759(m): 10:18pm On Feb 02 |
Regex: If you see things from a different Angle you get insulted online or almost get lynched. If we want a moving country first there must be loyalty regardless, Nigeria’s problem is complex. Nigeria is messed up because we sell ourselves out of greed , developed countries steal from other countries to do develop themselves, while Nigerians steal from Nigerians to develop other countries and their personal selves . As a trader or an employee if you don’t maximize your profit you ain’t different from the leaders occupying offices . If you’re supposed to sell something for me for 10k , which is the original price I budgeted for , if you sell it for 15-20k , I’ll definitely look for who to steal or cheat from to replace the extra cash I didn’t budget for the circles goes on . |
Re: Naira Rebounds As Banks Offload Excess Dollars by nedekid: 10:18pm On Feb 02 |
BenuePolitician:Lolz, sabinus. |
Re: Naira Rebounds As Banks Offload Excess Dollars by Boldideas: 10:26pm On Feb 02 |
Paraman: If this dollar exchange rate is fixed back to GEJ era at N187 to a dollar, what will happen exactly? Can someone please explain.... 1 Like 1 Share |
Re: Naira Rebounds As Banks Offload Excess Dollars by RealityGod: 10:47pm On Feb 02 |
Faiththatworks: The political class from the last election used USD as the currency for campaign. How are you sure the plan for 2027 has not started with stockpiling of USD to play the same card? Just thinking aloud shaaa. 1 Like 1 Share |
Re: Naira Rebounds As Banks Offload Excess Dollars by RealityGod: 10:54pm On Feb 02 |
adonainana: Beautiful proposal. However, Sir, the biggest challenge now to rising food cost in Nigeria is not Dollar but security challenges of Fulani herdsmen. If all what you have said is implemented and the security issues are not resolved, this guys will go to the NYSC farms and wipe the people off. The issue with Nigeria is multidimensional. But security is now the most pressing. 1 Like |
Re: Naira Rebounds As Banks Offload Excess Dollars by Agboriotejoye(m): 11:10pm On Feb 02 |
anonymous1759:Well, you just made excuses for politicians. It seems you're saying it's ok to sabotage the country as long as you're politician and you're doing it to gain political power. That's an absurd thing to say because it is politicians who are supposed to fix the country. At least that's what they campaign for. The ordinary man you're accusing just wants to make money too. That's their excuse just as you're making excuses for politicians who sabotage the country that they just want to play opposition. That said, Baraje's claim is something that far worse than what you're accusing ordinary people of. Yet your claim it's ambiguous. You need to change your mindset. 1 Like 1 Share |
Re: Naira Rebounds As Banks Offload Excess Dollars by jaxxy(m): 11:21pm On Feb 02 |
Utter Rubbish |
Re: Naira Rebounds As Banks Offload Excess Dollars by anonymous1759(m): 11:23pm On Feb 02 |
Agboriotejoye: Baraje’s claim ? So you want me to accept someone’s claim I can’t authenticate ? Can you say this in court ? Press freedom is giving you room to say whatever you like. Some of these killings have been on before GEJ was president mostly land disputes from bordering communities. Better mind what you say in public if you say something like this on air you might be picked up to explain further then you’ll start crying selective justice continue. |
Re: Naira Rebounds As Banks Offload Excess Dollars by DeOTR: 11:34pm On Feb 02 |
gaby:Let me know after you succeed spending your CFA in a Nigerian market OK? Send dollar to Benin and convert it CFA. We are waiting for you to come spend that current in Nigeria. Thanks. |
Re: Naira Rebounds As Banks Offload Excess Dollars by Warlord2014(m): 11:38pm On Feb 02 |
What will they release again when it rises? Probably their semen. Jokers |
Re: Naira Rebounds As Banks Offload Excess Dollars by Ishilove: 11:52pm On Feb 02 |
How did we get to this sorry state? |
Re: Naira Rebounds As Banks Offload Excess Dollars by adonainana: 11:56pm On Feb 02 |
RealityGod: There are more Nigerians than Fulani herdsmen and if all NYSC camps are tuned into mega farms and processing units . I doubt Fulani herdsmen can go that far As dangerous as Niger delta militants was , crude oil was still extracted and refined in the same territory how much a zombie of rag tag people with guns Besides there are some cities in the southern parts of Nigeria Fulani herdsmen would attack and that would be the end and you would never hear about them again . Places like Benin The idea is straightforward diversify the economy it’s the only way out of poverty |
Re: Naira Rebounds As Banks Offload Excess Dollars by RedAlert08(m): 12:16am On Feb 03 |
Olachase: At least his papa wouldn't be this incompetent. Nigeria is the only country where failure and mediocrity are celebrated. Whatever excuse you wanna give for the steady decline of the Naira is basically stories. Cardi B was appointed to solve problems and not bandy about excuses. You're only defending him because he's from your cursed tribe. And I hope he sells dollars at N50 to you. Id.iot 1 Like 1 Share |
Re: Naira Rebounds As Banks Offload Excess Dollars by RedAlert08(m): 12:36am On Feb 03 |
anonymous1759: You voted for him in 2011 because that was the directive from your god Bulablu. Most of you y'bas are just filthy hypocrites 1 Like 1 Share |
Re: Naira Rebounds As Banks Offload Excess Dollars by ncoolsome(m): 1:23am On Feb 03 |
Faiththatworks: Don't forget dangote isn't producing PMS that's petrol yet,his doing desiel and avaition fuel so petrol is still highly imported.. |
Re: Naira Rebounds As Banks Offload Excess Dollars by anonymous1759(m): 1:58am On Feb 03 |
RedAlert08: Rest not everyone is bitter as you , GEJ , PMB and BAT are all friends you’re here nursing your heart with hate 🤮🤮🤮🤮it’s a pity . 1 Like |
Re: Naira Rebounds As Banks Offload Excess Dollars by Agboriotejoye(m): 2:38am On Feb 03 |
anonymous1759:What exactly are you saying? What kind of empty threat is this? Baraje said this in public and it was reported in the papers yet you're threatening me with being picked up for reporting what an insider in APC said. Oga if you have nothing meaningful to say I suggest you just keep quiet!! 1 Like |
Re: Naira Rebounds As Banks Offload Excess Dollars by freemi(m): 3:29am On Feb 03 |
StarRida:he is not the cause of falling naira |
Re: Naira Rebounds As Banks Offload Excess Dollars by iLoveYouToo(m): 5:18am On Feb 03 |
Everybody knows it’s Aboki that’s ruining the Naira, Igbos buy dollars for transactional purposes, Aboki dey stash dollars for speculative purposes. You see all those senators (serving and past) and big alhajis, it’s dollar business they’re doing. We need to take our country back asap. Tinubu has a risky job to do, I just hope they don’t kill him 1 Like |
Re: Naira Rebounds As Banks Offload Excess Dollars by Olachase(m): 5:46am On Feb 03 |
RedAlert08:see someone calling a whole (Tribe) curse well let the conversation end there |
Re: Naira Rebounds As Banks Offload Excess Dollars by Kevineleven(m): 6:03am On Feb 03 |
Removal of fuel subsidy is the reason that the value of naira is crashing, it has affected every business in Nigeria, yet they left the source, and attacked forex, is it that they are confused or they are using a smoke to confuse the masses. |
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