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Nairaland Forum / Nairaland / General / Business / Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index (30106 Views)
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Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by symbianDON(m): 9:10am On Jun 16, 2023 |
jmoore:tell them o! 2 Likes |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Nyanabo(m): 9:11am On Jun 16, 2023 |
Samunique: Dangote is not responsible for your predicaments or that of other millions of Nigerians. Hold our government accountable first. |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by sogodihno: 9:12am On Jun 16, 2023 |
jmoore: Just shvt up! Of course, Tinubu failure will justify your hatred, but you lie, Tinubu will do well and your obi will never rule Nigeria, you can cry from now till next year, it won't change. 3 Likes |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Saidfx(m): 9:14am On Jun 16, 2023 |
vengertime: Very soon cars will start using CNG and all it takes is to convert your vehicle to a 'autogas' system. Technically referred to as dual fuel vehicles. The existing petrol/diesel tank is unaltered within converted vehicles, owners can choose at the flick of a switch which fuel they wish to drive on. Relying on Dangote is regression and we don't need it. We move! |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Tianamen1: 9:17am On Jun 16, 2023 |
Gamesmart: Petrol importers were getting dollars at N460 at the CBN window. Now that the exchange rate has been merged, petrol importers will be getting dollars between N640 -N750. This means that prices of things will further increase, thus reducing the value of the Naira in every Nigerian's bank account. 3 Likes |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Blaze14k: 9:18am On Jun 16, 2023 |
Samunique: Bro don't kid yourself these guys will gain that money back. |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Pityoobi: 9:18am On Jun 16, 2023 |
TemplarLandry:Keep quiet… what you don’t understand is too much… too pedestrian! It’s just the effects of a new system, their wealth will rebound definitely. |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by georgeakins: 9:18am On Jun 16, 2023 |
Samunique: Dangote is your enemy simply because he is not from your Ibo tribe. Why not focus your energy on how to make it in life and stop hating on successful people simply because they are not Ibos? 1 Like |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by harmonyglobal: 9:20am On Jun 16, 2023 |
In Tinubu's voice "let the poor breath" 1 Like |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by whitekad(m): 9:21am On Jun 16, 2023 |
jmoore:pls which university did u graduated from, did u have sense at all. U need to be taken to a psychiatrist for proper checking. Olodo 1 Like |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Nobody: 9:21am On Jun 16, 2023 |
Nigerian might not know but they have also lost $14billion .. The only people smiling are those who have money in the abroad or in Foreign Currencies.. In as much as floating the Naira might look good on paper they are so many things that needs to be put in place, especially if you want market forces to determine the value of your currency, you can't avoid to be importing like someone dey shepe fun and you have to recharge your productive sector ... It is 9:32 am now Ibedc still never shake body ... Someone in the U.S who have constant electricity is already beating me to the battle . This is Economic warfare season , you can't be catch napping. 1 Like |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by BATified2023: 9:22am On Jun 16, 2023 |
Sorrynovex:u only want attention n I don’t have your time U come from d tribe of anger so don’t transfer your aggression on me Ogbeni 1 Like |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Sorrynovex: 9:23am On Jun 16, 2023 |
BATified2023: If unintelligent was a person #sorrynovex |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by georgeakins: 9:24am On Jun 16, 2023 |
MXrep: Ibos are bitter and hateful ! They hate Dangote simply because he is not Ibo. The bitterness made your ancestors planned the coup of 1966, just to eliminate the leaders from other regions simply because South East was lagging behind. 1 Like |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by LajaLaba: 9:25am On Jun 16, 2023 |
MXrep:What's this lunatic saying |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Positivepoint(m): 9:26am On Jun 16, 2023 |
TemplarLandry: No the value on their naira based wealth depreciated due to floating of naira. Their wealth was based on 465 to a dollar now 750 to a dollar. Nothing about benefiting. Your own purchasing power has reduced too |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Clean2016: 9:28am On Jun 16, 2023 |
Raheeqilmaktoom: They are very stupid without thinking. Just leave them 3 Likes |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Tenumootito: 9:28am On Jun 16, 2023 |
We know Govt backing is one of their source of wealth. Nigerians must be equal and no Nigeria should be above others. |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Cmanforall: 9:33am On Jun 16, 2023 |
ijustdey:How much is their total worth in dollar? |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by just2endowed: 9:35am On Jun 16, 2023 |
Parachoko: This story of the naira gaining strength against the dollar is the same story that was sold to IBB era during the failed structural adjustment programme where they keep telling us to keep devaluing the naira. Statistically, have you check the if the naira ever gain value on the long run since 1980 till date? |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by azpekuliar: 9:38am On Jun 16, 2023 |
Can we now use our Naira debit cards for online transactions? |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by 11doubledee: 9:42am On Jun 16, 2023 |
masseratti:Exactly! Their loses could have been more if not for the about 12% value the naira gained in the open fx market according to the report. 1 Like |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by gabbytabby: 9:46am On Jun 16, 2023 |
When you and I needed dollars the rate was the black market (750) but now it is better at 664. If we discipline ourselves grow what we eat then wetin concern us with dollar. jmoore: |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Johnn74: 9:52am On Jun 16, 2023 |
harmonyglobal: 1 Like |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by OgideAgu: 9:53am On Jun 16, 2023 |
Let the poor breathe We sell anything materials |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by SmartyPants(m): 9:55am On Jun 16, 2023 |
Ihateheadslamer: Because he is a business man from a wealthy family. |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Yankee101: 9:57am On Jun 16, 2023 |
On the stock exchange, their wealth was calculated at 450 to the dollar It is now 660 to the dollar That’s the biggest lose factor plus their lack of access to cheap rates for their imports etc. |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Greenback: 10:01am On Jun 16, 2023 |
No more govt patronage! |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Beverages: 10:03am On Jun 16, 2023 |
He meant it when he said Let The Poor Breeeeeeeeeath.... |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by Greenback: 10:04am On Jun 16, 2023 |
FreeStuffsNG:Mallam we know you are not happy and that deep down,you are in Sifia pains You northerners will never keep Nigeria backwards again,Insha Allah |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by lastmessenger: 10:04am On Jun 16, 2023 |
GanagiBeetrus:they said in six months time. We are looking and observing because if you enter market , everything is on the high side. Let's hope we have not been scammed again. |
Re: Naira Float: Dangote, Abdulsamad Rabiu Lost $5.85bn, Say Bloomberg Index by onuman: 10:05am On Jun 16, 2023 |
Samunique: If you are from the SS, your foredaddies in 1967 gave the oil wealth of the SS and political power to the north from where the Dangotes and Rabius profited. 1967 was when some misguided people from the SS cut out the SS from Biafra. That greatly led to collapse of the new country which would have been like Dubai before now. |
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