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BREAKING! Cfa Overtakes Naira. - Politics - Nairaland

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Benin Republic Slams CFA 2M On Nigeria Cargoes In Retaliation For Border Closure / Subsidy Removal: Fuel Pump Price Rises To 800 CFA In Benin Republic – KPMG’ / Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO (2) (3) (4)

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BREAKING! Cfa Overtakes Naira. by SpecialAdviser(m): 12:54am On Jul 14, 2023
It's a big shame that Naira which use to be 3 times CFA is overtaken. Meaning all African countries using CFA are now our bosses.

cc.

Mynd44
Seun
Oam4j
Mukina
Dominique

12 Likes 2 Shares

Re: BREAKING! Cfa Overtakes Naira. by FreeStuffsNG: 1:02am On Jul 14, 2023
SpecialAdviser:
It's a big shame that Naira which use to be 3 times CFA is overtaken. Meaning all African countries using CFA are now our bosses.

That's good news if you know about economics and the Afcta wink
There is no point having a strong currency when you are not producing for exports. Nigeria is taking over their markets with cheaper goods than the ones they import from France. The worst hit will be our immediate neighbor's

18 Likes 1 Share

Re: BREAKING! Cfa Overtakes Naira. by ekineme: 1:09am On Jul 14, 2023
FreeStuffsNG:
That's good news if you know about economics and the Afcta wink
There is no point having a strong currency when you are not producing for exports. Nigeria is taking over their markets with cheaper goods than the ones they import from France. The worst hit will be our immediate neighbor's

I doubt you understand what you just wrote. Do read again and quote me

115 Likes 10 Shares

Re: BREAKING! Cfa Overtakes Naira. by FreeStuffsNG: 1:15am On Jul 14, 2023
ekineme:


I doubt you understand what you just wrote. Do read again and quote me

Ihateheadslamer:
Naira gone down the drainage just like a blink of an eyes angry

Go and work hard and start producing something. Lamenting on NL is not work o. Quit the idle lazy life of social media. It adds nothing to the value of the naira.

Go and build/ create something valuable too so it can land in those countries cheaper like the Chinese do.
I will not respond to you again, abeg no vex.

14 Likes 2 Shares

Re: BREAKING! Cfa Overtakes Naira. by Ihateheadslamer: 1:17am On Jul 14, 2023
Naira gone down the drainage just like a blink of an eyes angry
FreeStuffsNG:
That's good news if you know about economics and the Afcta wink
There is no point having a strong currency when you are not producing for exports. Nigeria is taking over their markets with cheaper goods than the ones they import from France. The worst hit will be our immediate neighbor's

27 Likes

Re: BREAKING! Cfa Overtakes Naira. by Dreal1247: 1:29am On Jul 14, 2023
When borrowing and devaluing are now the order of the day, what again and you expecting? When the presidential seat is now an old people's home.

10 Likes

Re: BREAKING! Cfa Overtakes Naira. by JAkpayen(m): 1:44am On Jul 14, 2023
ekineme:


I doubt you understand what you just wrote. Do read again and quote me

@FreeStuffsNG is very correct. This is just simple calculation.

Importing from Nigeria is more cheaper for these countries because they will use less CFA franc to get more Naira and buy luxurious goods to their country. We need to start producing alternative to what they import from France & other countries

5 Likes

Re: BREAKING! Cfa Overtakes Naira. by Writergreat68(m): 1:59am On Jul 14, 2023
Ok
Re: BREAKING! Cfa Overtakes Naira. by IduNaOba: 2:03am On Jul 14, 2023
Good news...
Balablu is Continuing in the legacies of bubu
APC!!!!!!!!

4 Likes

Re: BREAKING! Cfa Overtakes Naira. by ipobarecriminals: 2:18am On Jul 14, 2023
sad How much is USD 1 to Naira now
Re: BREAKING! Cfa Overtakes Naira. by DAREH13: 2:44am On Jul 14, 2023
i see some ignoramus justify this nonsense. Things like this make political overlord oppress una more nd more

26 Likes 3 Shares

Re: BREAKING! Cfa Overtakes Naira. by meum: 3:01am On Jul 14, 2023
Giant of Africa indeed

3 Likes

Re: BREAKING! Cfa Overtakes Naira. by Lifestone(m): 3:03am On Jul 14, 2023
FreeStuffsNG:
That's good news if you know about economics and the Afcta wink
There is no point having a strong currency when you are not producing for exports. Nigeria is taking over their markets with cheaper goods than the ones they import from France. The worst hit will be our immediate neighbor's
God bless you. We need to ramp up export like China and Vietnam did.
USA fought China severally because Yuan is weak compared to Dollar, that's why Chinese products are cheaper in the Western world.

8 Likes

Re: BREAKING! Cfa Overtakes Naira. by zuchyblink(m): 3:32am On Jul 14, 2023
Pseudo-economist are happy.

1 Like 1 Share

Re: BREAKING! Cfa Overtakes Naira. by Rodimi20000000: 5:27am On Jul 14, 2023
Cool
Re: BREAKING! Cfa Overtakes Naira. by Igwe9(m): 5:40am On Jul 14, 2023
What do those countries produce and export?
Some people are dumb and wicked, if not for corruption, wickedness and backbiting, no African country would have seen our back in term of development. How did we get here? Tribalism and bigotry, Igbos came to Lagos and some other states to do business and flourish, what are they getting? oppression . They sponsored some disgruntled elements to destabilize their zone just to make sure Nigeria remains stagnant.

26 Likes 2 Shares

Re: BREAKING! Cfa Overtakes Naira. by Derring: 5:44am On Jul 14, 2023
ekineme:


I doubt you understand what you just wrote. Do read again and quote me
Dey guy no get sense, see shit he’s saying. Damn

13 Likes

Re: BREAKING! Cfa Overtakes Naira. by Igwe9(m): 5:48am On Jul 14, 2023
Lifestone:

God bless you. We need to ramp up export like China and Vietnam did.
USA fought China severally because Yuan is weak compared to Dollar, that's why Chinese products are cheaper in the Western world.
Our Naira has always been weak against dollar and yuan but the level at which it has gotten now is troubling. The implication of what you are saying is that our neighboring countries can come over and buy all the available goods in our market, hence increasing our food inflation and the same thing is happening to our petroleum. When their currencies are stronger, they can afford to get more money to buy off our fuel, therefore causing us more problem.
If our currency was stronger, all these wouldn't have been happing. I only pity the fix income earners.

17 Likes

Re: BREAKING! Cfa Overtakes Naira. by ambale(m): 5:50am On Jul 14, 2023
FreeStuffsNG:




Go and work hard and start producing something. Lamenting on NL is not work o. Quit the idle lazy life of social media. It adds nothing to the value of the naira.

Go and build/ create something valuable too so it can land in those countries cheaper like the Chinese do.
I will not respond to you again, abeg no vex.

And where's the enabling environment to do this??

17 Likes 2 Shares

Re: BREAKING! Cfa Overtakes Naira. by SpecialAdviser(m): 6:05am On Jul 14, 2023
FreeStuffsNG:
That's good news if you know about economics and the Afcta wink
There is no point having a strong currency when you are not producing for exports. Nigeria is taking over their markets with cheaper goods than the ones they import from France. The worst hit will be our immediate neighbor's
Bala bluuuu

3 Likes

Re: BREAKING! Cfa Overtakes Naira. by Nairalandhotboy(m): 6:17am On Jul 14, 2023
Nice time to do business with someone in Benin Republic grin I buy phones and accessories from Nigeria then sell in Benin Republic. A good time

4 Likes

Re: BREAKING! Cfa Overtakes Naira. by mytime24(f): 6:34am On Jul 14, 2023
Naira is heading to 1$-1k

2 Likes

Re: BREAKING! Cfa Overtakes Naira. by Obaaderemi2: 6:42am On Jul 14, 2023
JAkpayen:


@FreeStuffsNG is very correct. This is just simple calculation.

Importing from Nigeria is more cheaper for these countries because they will use less CFA franc to get more Naira and buy luxurious goods to their country. We need to start producing alternative to what they import from France & other countries
You people are mad. The cfa overtaking the naira is an indication that the naira is dead. Nigeria imports almost everything. With a weak naira it means Nigerians are going to buy things more expensively.

25 Likes 6 Shares

Re: BREAKING! Cfa Overtakes Naira. by Obaaderemi2: 6:42am On Jul 14, 2023
ambale:

And where's the enabling environment to do this??
They're mad.

6 Likes 2 Shares

Re: BREAKING! Cfa Overtakes Naira. by oyalunasamuel(m): 6:44am On Jul 14, 2023
You guys just settle down and support trash. What are we producing, and what's the cost of living in Nigeria. We are largely an import dependent nation so this logic doesn't hold water.


Lifestone:

God bless you. We need to ramp up export like China and Vietnam did.
USA fought China severally because Yuan is weak compared to Dollar, that's why Chinese products are cheaper in the Western world.

19 Likes 1 Share

Re: BREAKING! Cfa Overtakes Naira. by Zxcvbnmghtr: 6:46am On Jul 14, 2023
DAREH13:
i see some ignoramus justify this nonsense. Things like this make political overlord oppress una more nd more

It favours Nigeria. It's a good news if you have been doing business with francophone countries you will understand.
Re: BREAKING! Cfa Overtakes Naira. by Zxcvbnmghtr: 6:47am On Jul 14, 2023
oyalunasamuel:
You guys just settle down and support trash. What are we producing, and what's the cost of living in Nigeria. We are largely an import dependent nation so this logic doesn't hold water.



Nigeria is the market for all these Francophone countries. If only you know. This is good for the Nigeria.
Re: BREAKING! Cfa Overtakes Naira. by Kukutenla: 6:48am On Jul 14, 2023
FreeStuffsNG:
That's good news if you know about economics and the Afcta wink
There is no point having a strong currency when you are not producing for exports. Nigeria is taking over their markets with cheaper goods than the ones they import from France. The worst hit will be our immediate neighbor's
What is this guy saying
You said we don't need a strong currency because we're not producing for export while you still claim we'll take over their markets with cheaper goods.
You sound confused

16 Likes 5 Shares

Re: BREAKING! Cfa Overtakes Naira. by SpecialAdviser(m): 6:52am On Jul 14, 2023
Kukutenla:

What is this guy saying
You said we don't need a strong currency because we're not producing for export while you still claim we'll take over their markets with cheaper goods.
You sound confused
You didn't need to reply that agbado mo.ron. They have always been senseless from the day of Buhari

9 Likes 3 Shares

Re: BREAKING! Cfa Overtakes Naira. by SHiNJA4RMDWEST: 7:01am On Jul 14, 2023
ekineme:


I doubt you understand what you just wrote. Do read again and quote me

Na APC boi dey na..he dey take werin tinubu dey take

2 Likes 2 Shares

Re: BREAKING! Cfa Overtakes Naira. by SWATMan: 7:09am On Jul 14, 2023
FreeStuffsNG:
That's good news if you know about economics and the Afcta wink
There is no point having a strong currency when you are not producing for exports. Nigeria is taking over their markets with cheaper goods than the ones they import from France. The worst hit will be our immediate neighbor's


You are a complete daft. You come online to display your lack of content by propounding a useless economic 'theory' because BAT is the president. Would you have posted that rubbish if Atiku or Obi were the president?

17 Likes 4 Shares

Re: BREAKING! Cfa Overtakes Naira. by Nobody: 7:14am On Jul 14, 2023
FreeStuffsNG:




Go and work hard and start producing something. Lamenting on NL is not work o. Quit the idle lazy life of social media. It adds nothing to the value of the naira.

Go and build/ create something valuable too so it can land in those countries cheaper like the Chinese do.
I will not respond to you again, abeg no vex.

What have you created in your entire span of existence?

What valuable thing have you built your entire life? Free stuff?

I am waiting!

8 Likes

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