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Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Fortune118005(m): 6:32pm On Apr 12 |
How? |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Ofunaofu: 6:35pm On Apr 12 |
Slurity: Are you an APC supporter |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by AfDapone: 6:35pm On Apr 12 |
chidiokay: Which yeye commendation? Was it not APC that used their hands to create events that led to the catastrophic naira devaluation in the first instance! |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by chidiokay: 6:36pm On Apr 12 |
Lizzysamuel: Olodo thats not how to compute it, in a lames man term, how many 28 will you cash out in 216, devalued rate is what we are after 216 ÷ 28 = 7.71 1200 ÷ 216 = 5.51 which is higher |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by noble2faith(m): 6:38pm On Apr 12 |
Lizzysamuel: O girl! You are stubbornly ignorant o! They wan even correct u, you still dey show stubbornness! |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Kukutenla: 6:39pm On Apr 12 |
LegendHero:You are still disgracing your so-called Masters degree. What we are discussing on this thread is CURRENCY DEPRECIATION. To calculate depreciation, you either use the depreciation formula or you use the progression. That is why I said your progression was fraudulent because you changed the baseline. You used 28 for rate of progression for PDP only to change it to 216 for rate of depreciation under APC. That's false maths. Because you get almost x10 of the rate you used for PDP for one unit rate under APC. That's why the calculation for depreciation comes in to take care of that. You are expected to understand it as a student of engineering who has done calculus and integration which are basically calculations of rate of change based on non-linear rates. So while you inserted your Masters, you have not shown adequate understanding of calculation of rate of change over a given period. Also, if you have taken business or accounting classes, you will know there are terms such as real and nominal rates which you have also ignored in your analysis. A good student of Engineering should know quantitative analysis should be balanced else you employ exponential series 1 Like |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Khyrvxjzy: 6:40pm On Apr 12 |
Lizzysamuel: you are doing minus and plus instead of multiplication lol you are not wise |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by yommen: 6:41pm On Apr 12 |
Lizzysamuel: PDP met it at N22 and took it to N199. If you look at that critically, you will realise that that is 900% increase Sir. Mind you, from 1994 to 1999(5 years) under military regime, it was stable at N22. But within one year of Obasanjo's reign (1999-2000), it rose from that same N22 to 85, that is 380%. Sir, if it could stay at N22 for 5 good years under military regime but rose from 22 to 85 within 1 year of Obasanjo's reign, then OBJ has a lot of questions to answer. The obvious fact is OBJ laid the foundation for continuous devaluation of Naira. Its glaring enough. Politics aside, OBJ led us this far. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by predictor1: 6:41pm On Apr 12 |
tegrianonigltd:No, if Nigeria starts working today some people will be very embittered because of the same politics you talked about. You know them |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Omoboricash(m): 6:42pm On Apr 12 |
Ofunaofu:Remember Nigeria existence did not start in 2015. If that should be the case, let pdp return the naira to 84 naira to a dollar in 1999 that pdp met it |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by nairalanda1(m): 6:42pm On Apr 12 |
yommen: Under army rule, naira went from N1 In 1983 to N22 offically in 1999, N89 Unoffically in 1999. 1 Like 1 Share |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by ibabz(m): 6:44pm On Apr 12 |
Validated: This was the official (CBN) rates. I was buying dollar at N178 to a dollar in 1999. The days of Zenith bank Surf card or VbyV card. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by bal4real: 6:44pm On Apr 12 |
predictor1: Look at this ingrate. All your live, did you support GEJ when he was in power? Hell no, rather you guys connived with the North to dethrone him. Now you what sane Nigeria to support the certificateless and drug baron just because he's from your tribe. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Slurity(m): 6:44pm On Apr 12 |
Ofunaofu:I am a farmer and not a politician |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Omoawoke: 6:44pm On Apr 12 |
Lizzysamuel: We want it back to 71 kobo the way it was after independence 1 Like |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Kukutenla: 6:47pm On Apr 12 |
predictor1: Did you go to school at all? I removed the negative sign cause we are considering only the natural value and not the real value in depreciation. Depreciation is actually a percentage. Have you ever calculated mean error or percentage error or deviation? Don't you see negative value being ignored when you are comparing in terms of quantities? What school did you attend? |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by predictor1: 6:48pm On Apr 12 |
bal4real:What's my business with the north? I can never support any incompetent leader. Jonathan was incompetent just like Buhari. We are still watching Tinubu. It's your business who to support or not. Nobody is begging you to support anyone. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Kukutenla: 6:50pm On Apr 12 |
yommen:That's not true. Devaluation started with IBB and his SAP. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by ArcSEMPECJ(m): 6:50pm On Apr 12 |
LegendHero: Hahhahahahahhahahhahahha hahhahahahahhahahhahahha....... If it is America or SANE countries I would have bought your low thinking level.... But for you to believe this in Nigeria......hahahhahahhaaha Is not that I dont wish Nigeria good , because that will be your next line of attack..... I wish a country well when I see her Government ad supporters pushing away lies, deceit, selfishness, and ethnic politics for a united work .... |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by LagBlogger(m): 6:51pm On Apr 12 |
LegendHero: Stop talking nonsense. Naira was 84 to 1 dollar in 1999. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Ofunaofu: 6:52pm On Apr 12 |
Omoboricash: PDP is not in power Infact, APC used it to campaign against the PDP in 2015, only to come and make the Naira worthless 1 Like
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Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by bal4real: 6:52pm On Apr 12 |
Lizzysamuel: Lioness of Africa, you don finish this guy, I swear😂 Where ever the guy sees your monika, he'll be avoiding u like a plague |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by OvertheTop(m): 6:53pm On Apr 12 |
Bluntguy: it was 750 before swearing in |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by chidiokay: 6:53pm On Apr 12 |
AfDapone: Nigerians are use to full time criticizing but one commendation won't kill however commendation encourages humans to do more esp. when they are on the right track |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by predictor1: 6:54pm On Apr 12 |
Kukutenla:Go and sit down. You are worse than an illiterate. If you followed how the argument started you will see how poor your maths skills are. Someone said Pdp met currency at #28 and took it to #216. What's the percentage increase? APC met it at #216 and took it to #1200. Calculate the percentage increase from 216 to 1200. We found out that under the PDP the increase was higher than it has happened so far under the APC. That way there's no need to ignore or acknowledge any negative sign, you idiot. 1 Like |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by benjaminlawson(m): 6:56pm On Apr 12 |
Validated: Which means if some people quote a figure, one need to verify it, because did they got 28 naira to Dollar that some hypocrites are claiming on nairaland. 90 naira in 1999 and 216 naira in 2015 is just about 120% increment but from 216 naira to 1900 in 2024 is about 800% increment. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Blackdisciple(m): 7:04pm On Apr 12 |
How? Make e go down to 300 before I go know say NGN dey perform wella |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Tflex01: 7:05pm On Apr 12 |
LegendHero: God bless you bro. Kudos. What an education! 💕 1 Like |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by LegendHero(m): 7:07pm On Apr 12 |
Kukutenla: You are just saying nonsense. This is not an accounting class or calculus class. The argument wasn’t even with you before you center yourself in. This is the argument: PDP took it from N28 to 216 APC took it from 216 to 1200 The argument is about folds per political party tenure not about inserting formular into the discussion. Because trying to insert that will mean we will now try to check the time value of those billion $$ PDP got from crude sales during that time with it peaking over $100 during Jonathan period. Then now use that to extrapolate how much PDP had to cushion the effect of naira falling and what modalities they put in place to keep production growing to be able to support the Naira. Then we will now bring when Buhari came and crude oil sales fell drastically to Covid-19 era, and then now use that to arrive at all factors to now consider which is better or not. Now tell me how much PDP government earned for their 16 years from crude oil sales since that is the main source of revenue for the CBN and then compare it to Buhari tenure revenue and then use those time value of money to infer which one is better. At least you know our earning power determine how much we have at hand to defend the naira. Can you see we can take this argument to next year if you’re trying to check all parameters. That’s why it’s good to stay on topic. 1 Like |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by bal4real: 7:07pm On Apr 12 |
predictor1: Lolz. GEJ and Buhari are now incompetent, as u claimed. Swear with your life that you didn't support and vote for Buhari when he contesting against GEJ? Buhari, your then master is now incompetent because people are now missing Buhari, under this shege banza your tribesman has plucked this nation into. Would you be this patient, if it were PO that is in power with the situation of the country right now. Honest answers without sentiment, pls! |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by predictor1: 7:19pm On Apr 12 |
bal4real:Shey na you carry my thumb vote for Buhari? Buhari ko Buraimo ni. Your god, Jonathan was an incompetent coward who made the equally incompetent buhari possible. So far Tinubu's policies are giving Nigeria a lifeline. But I don't expect you to understand. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by predictor1: 7:20pm On Apr 12 |
LegendHero:He's saying rubbish that he himself has no knowledge of. 1 Like |
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