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We Are Working To Avert Further Naira Fall – CBN - Business (2) - Nairaland

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Naira Fall: CBN Blames Nigerians Travelling To UK, US, Others For Schooling / We're Working To Avoid Further Naira Fall – Central Bank Of Nigeria / CBN Rules Out Naira Fall As External Reserves Hit $34bn (2) (3) (4)

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Re: We Are Working To Avert Further Naira Fall – CBN by bestman09(m): 1:07pm On Jul 29, 2022
Re: We Are Working To Avert Further Naira Fall – CBN by Freelane33(m): 1:08pm On Jul 29, 2022
690
Today
Re: We Are Working To Avert Further Naira Fall – CBN by Brushstrokes20: 1:09pm On Jul 29, 2022
Stale as Bleep rhetorics / usual bullocks for Brainless buffoons and doomed zombies!
Anything the lifeless scammer and cohorts touches CRUMBLES! undecided
Nig urgently needs a SANE, SOUND and COMPETENT LEADER.

1 Like

Re: We Are Working To Avert Further Naira Fall – CBN by OscarJaden(m): 1:09pm On Jul 29, 2022
Noo CBN should allow the naira hit 1k first
Imagine cashing out $1,000 you will just be smiling to the bank
Re: We Are Working To Avert Further Naira Fall – CBN by Ishilove: 1:09pm On Jul 29, 2022
This man did not say anything useful

2 Likes 1 Share

Re: We Are Working To Avert Further Naira Fall – CBN by Qdigo: 1:10pm On Jul 29, 2022
Politician is speaking
We need CBN Governor not a politician.

Stop deceiving yourself it will fell to 900 naira to a dollar if Heaven does not intervene...

All we neednow is help from above period.

4 Likes

Re: We Are Working To Avert Further Naira Fall – CBN by OMOADEPOJU: 1:10pm On Jul 29, 2022
Nonsense.

1 Like

Re: We Are Working To Avert Further Naira Fall – CBN by ransomed: 1:10pm On Jul 29, 2022
Enefiele is a puppet in the hands of Buhari 's son who uses his bureau de change to manipulate the naira and other operators queue behind his wicked attrocities because of his political connection.
It shall never be well with evil doers.

4 Likes

Re: We Are Working To Avert Further Naira Fall – CBN by Acidosis(m): 1:11pm On Jul 29, 2022
It's now a crime to save in Naira. embarassed
Re: We Are Working To Avert Further Naira Fall – CBN by ajayiopy: 1:12pm On Jul 29, 2022
Re: We Are Working To Avert Further Naira Fall – CBN by Brushstrokes20: 1:12pm On Jul 29, 2022
Nig is being ruled by a useless bunch of lifeless, senile simpletons!
Re: We Are Working To Avert Further Naira Fall – CBN by michjunior: 1:13pm On Jul 29, 2022
They are not trying to tackle the main source of the problem...how will the naira not continue to fall when they keep on borrowing money recklessly for funding of recurrent expenditures?? Sometimes I wonder if the CBN governor really read Economics in school?? As long as they keep on borrowing to service recurrent expenditures and plunging themselves into more and more debt the naira will continue to fall until it becomes useless

5 Likes 1 Share

Re: We Are Working To Avert Further Naira Fall – CBN by Akharmony: 1:15pm On Jul 29, 2022
this is juat delibrate ction by thi government. .
Re: We Are Working To Avert Further Naira Fall – CBN by LZAA: 1:16pm On Jul 29, 2022
APCheat minions like Afamed,helinues, and FREESTUFFS have been silent lately grin grin grin
Sai baba
Sai APCheat grin grin grin
Re: We Are Working To Avert Further Naira Fall – CBN by naija4life247: 1:16pm On Jul 29, 2022
Why nah? Let it continue to fall nah. Ogun kill you all
Re: We Are Working To Avert Further Naira Fall – CBN by baralatie(m): 1:18pm On Jul 29, 2022
undecided
Okay!
Good luck
Re: We Are Working To Avert Further Naira Fall – CBN by ppogba: 1:18pm On Jul 29, 2022
All hail the worst CBN Governor Nigeria ever had.

Three gbosas for you pending when the Dollar - Naira rate becomes 1: 1000 in a few weeks time.

Mumu man.

1 Like

Re: We Are Working To Avert Further Naira Fall – CBN by grandstar(m): 1:19pm On Jul 29, 2022
SenatePresdo:
Instead of working for Naira not to fall any further, you guys should also start working on how to increase minimum wage.

People earn less in this country, its not always about what our currency stands against the dollar.

If people earns well, exchange rate wouldn't be a problem.

Increasing the minimum wage will push the Naira further down. It's like throwing a drowning man a rock

2 Likes

Re: We Are Working To Avert Further Naira Fall – CBN by rajiedreez: 1:20pm On Jul 29, 2022
How
Re: We Are Working To Avert Further Naira Fall – CBN by Splitmind: 1:23pm On Jul 29, 2022
Why are you people wailing about dollars when you spend naira in Nigeria?
Re: We Are Working To Avert Further Naira Fall – CBN by RedpillAnalyst: 1:24pm On Jul 29, 2022
OscarJaden:
Noo CBN should allow the naira hit 1k first
Imagine cashing out $1,000 you will just be smiling to the bank
No bro, it doesn't happen like that. Your purchasing power will equally reduce at almost same proportion.

Cost of importing iPhone, cars, building materials will increase.

Nigeria is not a producing country anything other than agriculture will skyrocket.

3 Likes

Re: We Are Working To Avert Further Naira Fall – CBN by Potbellyman(m): 1:24pm On Jul 29, 2022
How much is E-Naira?
Re: We Are Working To Avert Further Naira Fall – CBN by UDOKABESTLUV(m): 1:24pm On Jul 29, 2022
Nawa o
Re: We Are Working To Avert Further Naira Fall – CBN by ezegold4we: 1:25pm On Jul 29, 2022
A vote for PDP or APC is as good as thanking rapist's for gang raping your wife or sister.

If the past 16yrs of PDP and 7 years of APC has taught you nothing, then you can never learn anything useful in this life.

PETER Obi is already The Next president in the waiting,

February 2023 presidential election will only be a formality,

Only fool's, political bandit's,tribal and religious bigots are still attacking Peter Obi,

If you are below 60yrs old and still campaigning for tinubu or atiku, it simply means you are not Smart at all, your Brain needs to be formatted,even the current dullard in aso Rock is More smarter than you.

Be warned.

3 Likes

Re: We Are Working To Avert Further Naira Fall – CBN by bennybuhari: 1:26pm On Jul 29, 2022
Bunch of idiots
Re: We Are Working To Avert Further Naira Fall – CBN by joeyswift(m): 1:26pm On Jul 29, 2022
There is nothing they can do to avert the fall of naira, only when Obi comes on board and we start producing and manufacturing
Re: We Are Working To Avert Further Naira Fall – CBN by Potbellyman(m): 1:26pm On Jul 29, 2022
OMOADEPOJU:
Nonsense.

It's was caused by Ukraine war
Re: We Are Working To Avert Further Naira Fall – CBN by ceejayluv(m): 1:29pm On Jul 29, 2022
OscarJaden:
Noo CBN should allow the naira hit 1k first
Imagine cashing out $1,000 you will just be smiling to the bank
By then a high end smartphone would also cost 1 Milla... Makes no difference.

1 Like

Re: We Are Working To Avert Further Naira Fall – CBN by PARADIZEPRIEST: 1:30pm On Jul 29, 2022
LET US FACE THE ULTIMATE FACT HERE1
DO YOU PEOPLE KNOW THAT BUHARI DOES NOT HAVE A SINGLE INTERNATIONALLY SOUND ECONOMIST IN HIS CABINET?THAT IS WHY YOUR ECONOMY IS SUFFERING,HE SURROUNDS HIMSELF WITH LITERATURE GRADS (MINISTER TRANSPORT),YA CBN GOVERNOR NA INSURANCE LECTURER.
OBJ HAD SOLUDO(PROF OF ECONOMICS HOME AND ABROAD sad
JONATHAN HAD OKOJO IWEALA(PHD NIGERIAN-AMERICAN ECONOMIST), sad
YOUR PRESIDENT DEY LOOK TRIBE INSTEAD OF COMPETENCE,HIS FINANCE MINISTER WOMAN MALLAM IS NOT EVEN FCA,OR FCCA.
THAT IS WHY THINGS ARE LIKE THIS. undecided angry LATE ABA KTARI WAS DOING ECONOMICS FOR BABA BUT AFTER HE GO,BABA HAS NO ECONOMIC COMPANION ADVISER,HIS LONELY because HE TRUST ONLY ONE OR TWO PPL AROUND HIM.
IS WHAT YOU FEED TO ECONOMIC SYS THAT IT WILL VOMIT BACK TO THE PPL.
IF YOU FEED YOUR ECONOMY WITH WRONG PEOPLE,YOU GET WRONG RESULTS. sad angry

4 Likes

Re: We Are Working To Avert Further Naira Fall – CBN by guobe: 1:30pm On Jul 29, 2022
Evil men at the helm of affair in naija.I sorry sorry o.

1 Like

Re: We Are Working To Avert Further Naira Fall – CBN by Tareq1105: 1:30pm On Jul 29, 2022
I don't know why Buhari has become a weakling. That Emefiele is still in the office is a confirmation that Buhari is no longer in charge.
Re: We Are Working To Avert Further Naira Fall – CBN by alizma: 1:31pm On Jul 29, 2022
lessonotes:
Some tech guys who earn in USD said the fall is no longer funny because their earning power increased but their buying power reduced because of sky rocketing inflation.

So gone are the days you're happy to earn in USD, those days are over.

In 2014, a developer earning 133,000 per month equals NGN1,000,000 per month in 2022.
In 2022, a developer earning 3,000,000 per month equals NGN399,000 per month in 2014.

So in essence nothing changed, earning power increased but buying power reduced.

LEGEND
$1 = NGN174 in 2014;
$1 = NGN710 in 2022
718

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