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Nigerian Central Bank Losing Battle To Close Naira-rate Gapbloomberg.com - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigerian Central Bank Losing Battle To Close Naira-rate Gapbloomberg.com (377 Views)

Naira Redesign: Some Lawyers Misled Nigerian Central Bank Management / CBN Directs Banks To Close Naira Ledger Domiciliary Accounts / UK Parliament: Gowon Stole Money 'Half Of The Central Bank Of Nigeria' (2) (3) (4)

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Nigerian Central Bank Losing Battle To Close Naira-rate Gapbloomberg.com by EsomahJD: 3:56pm On Jul 19, 2023
*Difference between official and black-market rates is widening
*The rates briefly converged in June after naira devaluation


https://www.bloomberg.com/news/articles/2023-07-19/nigerian-central-bank-is-losing-a-battle-to-close-naira-rate-gap#xj4y7vzkg
Re: Nigerian Central Bank Losing Battle To Close Naira-rate Gapbloomberg.com by fadsam: 3:58pm On Jul 19, 2023
Which battle dem neva lose
Re: Nigerian Central Bank Losing Battle To Close Naira-rate Gapbloomberg.com by Nobody: 4:03pm On Jul 19, 2023
They had lost on the policy even before initiating it.
Re: Nigerian Central Bank Losing Battle To Close Naira-rate Gapbloomberg.com by ChybuzzDD(m): 4:04pm On Jul 19, 2023
EsomahJD:

*Difference between official and black-market rates is widening
*The rates briefly converged in June after naira devaluation


https://www.bloomberg.com/news/articles/2023-07-19/nigerian-central-bank-is-losing-a-battle-to-close-naira-rate-gap#xj4y7vzkg

The rates will never converge.

Floating the naira with the hope of forcing a convergence in a country that has perpetually been plagued by forex scarcity is one of the most foolish policies ever enacted by a government led by humans.

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Re: Nigerian Central Bank Losing Battle To Close Naira-rate Gapbloomberg.com by Helpfromabove1(m): 4:07pm On Jul 19, 2023
Abi as lost already


🇳🇬 Nigeria don enter one chance

Re: Nigerian Central Bank Losing Battle To Close Naira-rate Gapbloomberg.com by ambale(m): 4:10pm On Jul 19, 2023
How Nigeria and Nigerians want to remain unproductive and beg God to drag dollar rate down is what i'm still trying to understand.
Re: Nigerian Central Bank Losing Battle To Close Naira-rate Gapbloomberg.com by Think9ja(m): 4:17pm On Jul 19, 2023
The funny thing is that the person most of you guys are tagging as the Messiah is even dumber than the Tinubu you guys are insulating


BAT till 2031


Sai Atiku
Re: Nigerian Central Bank Losing Battle To Close Naira-rate Gapbloomberg.com by XerXers: 4:36pm On Jul 19, 2023
Yorubas will sink this country. They are more clueless than fulani
Re: Nigerian Central Bank Losing Battle To Close Naira-rate Gapbloomberg.com by EsomahJD: 4:44pm On Jul 19, 2023
XerXers:
Yorubas will sink this country. They are more clueless than fulani
I think there ultimate goal is to grab the power to reposition their tribal fortune and not necessarily to better the country.

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