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Concerns As Naira Emerges Worst Performing African Currency In 3 Months - Business (5) - Nairaland

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Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by CEOKmotors: 9:45am On Sep 01, 2023
accordadoga26:
Hmmm.

To all TRULY patriotic Nigerians, please don't lose hope. Nigeria will be great again


Same lies they told your father during his youthful days.

Keep fooling yourself and keep believing these old bastard politicians.

1 Like

Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Programmer47: 9:46am On Sep 01, 2023
LegacyB:

Thanks brother at least one can disagree with an Obidient peacefully. Even though you were a little bit insultingly. But quite reasonable than most Obidients online. Cheers Man. I hope for the best for Nigeria.

Oga, just for the record, I don't respect any iota of what you said. I just make it a law in my life never to argue with people who have no conscience. So, you can go back to insulting me and Obi.
No be the same Apc wey carry Jonathan name for coffin?
Talking about reasonable. Lmao. Alaye, enjoy your hustle, not because I'm your friend or any extreme like that, but because you are human , and God still loves you despite ....

PS: I don't mind if you classify me with the other obidients. I'm proud to have voted Obi and will still do so over and over again. Enjoy your day

3 Likes

Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Basicend: 9:48am On Sep 01, 2023
TheOgaBoss:
floating the naira in an port dependent economy and at the same time with subsidy removal is the worst economic decision taken by any admin since 1999 and will haunt this admin till it leaves office.

He was that extreem coz he wanted to quickly recoup his investments into the election. . That's the issue.

1 Like

Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by naturefellow(m): 9:48am On Sep 01, 2023
TemplarLandry Helinues FreeStuffsNG seunmsg moh247 talented321 duro4chang NLPoliceWoman

Come dedicate a dis jam to Tinubu the mandate thief, or to yourself.

2 Likes

Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by phorget(m): 9:59am On Sep 01, 2023
Unperturbedpota:
Watch the Lagos propaganda machine and CBN come to start explaining upon explaining without evidence just fake stats.. Telling us how the foreign analysts dont know what they are saying , how they are biased and how Naira is greater than th dollar 🤣🤣🤣🤣🤣🤣🤣



CBN go explain taya, No evidence to show.
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by phorget(m): 10:02am On Sep 01, 2023
Nigeria is now like a prison,Nigerians are the prisoners while Ebola is the warder holding us captive.
I dedicate ”prisoner” by Asa to Nigerians, what a great jam.
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Greystone: 10:04am On Sep 01, 2023
The same African continent. Some countries have good leadership and direction while others are performing woefully.

“Follow persin wey know road”….. una no go hear.

1 Like

Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by LegacyB: 10:08am On Sep 01, 2023
Programmer47:


Oga, just for the record, I don't respect any iota of what you said. I just make it a law in my life never to argue with people who have no conscience. So, you can go back to insulting me and Obi.
No be the same Apc wey carry Jonathan name for coffin?
Talking about reasonable. Lmao. Alaye, enjoy your hustle, not because I'm your friend or any extreme like that, but because you are human , and God still loves you despite ....

PS: I don't mind if you classify me with the other obidients. I'm proud to have voted Obi and will still do so over and over again. Enjoy your day

Ok your choice your opinion. My choice my opinion.
Now I see we agree on that. So probably before you quote someone next time you would remember that.
And another Opinion I would like to remind you is that Obi is a fraud and can never be President of Nigeria. Regards
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by MT: 10:18am On Sep 01, 2023
SmartPolician:
You cannot be sane and still defend Tinubu at this point. For goodness' sake, you don't have to be an economist to know that why Naira was struggling to stay below 900 per USD was that the government was hedging it.

How can you float the naira in an import-dependent economy? Like how? Omo, APC wan totally destroy this country and have hired a bunch of tribal lunatics to always defend them online. This country has become scary.

I want to ask you a question and will appreciate if you can be civil with your response.

Do you support FG depleting our hard earned income by susidizing (intervening in the market) the Naira and create an artificial impression that Naira is doing well ? . While reaching your conclusion, factor in the fact that if that is the case, the FG will continue to be borrowing to fund our budget, making Nigeria to sink deeper in debt.

We spend Naira in Nigeria and not dollars. If we can start to improvise on some of the things we import from abroad, there will be less pressure on the Naira. Our behaviors need to be checked as well.

Know that if we go back to the old ways - Hajj, Jerusalem, Tuition Fee abroad and PTA - and all needless seminars and trainings embarked upon by Civil Servants will be subsidised by the FG.

I will like to read from you.

1 Like

Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Phoen1X: 10:18am On Sep 01, 2023
BigBlackPreek:
Oh Allah help us in this country oh
How ?..with bigger blackpreek ?.

1 Like

Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Mummyfour(f): 10:27am On Sep 01, 2023
Maobichek:


There will be no rerun ok, it's too early for you to give up or wail since you voted him in the last presidential election. Even if there is a rerun, PBAT is already in power and Yakubu will still oversee it but i tell you, there will be no rerun ok.
what you are saying if I understand you correctly, is that even if there's a re run and it is obvious that tinubu lost, that Mahmood will re -rig him in ?


Where is our fear of God and humanity in this country.
How can you say this?.

I am really shocked. And mind you, it is not about me being an obi supporter, but let us be careful what we wish for.

How would you feel if you qualify for something and it is forcefully taken away from you and given to someone else irrespective of your efforts and commitment?.
Every thing is not politics my dear friend.

1 Like

Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by enemyofprogress: 10:29am On Sep 01, 2023
Tinubu is working grin grin grin grin grin
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Chiefpriestt: 10:42am On Sep 01, 2023
hisexcellency34:
Tinubu really disappointed me and many Nigerians who voted for him. This is not what we bargained for. At this point, I'm going for Obi if there is rerun
We saw this coming and warmed people but they never listened.
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Chiefpriestt: 10:43am On Sep 01, 2023
accordadoga26:
Hmmm.

To all TRULY patriotic Nigerians, please don't lose hope. Nigeria will be great again
Mumu talk
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Coldie(m): 10:44am On Sep 01, 2023
happney65:
Akanbi omo olode ide.

The Man that made Lagos as they always used to deceive themselves in 3 months don dabaru Nigeria and will end up destroying it patapata.

Remember we told you he is worst than Buhari una think say we no know wetin we dey talk. But Hey,Nigga just wants to answer "President" just for the sake of it and nothing else

grin grin grin

Omolola15
Now that he is president this bunch of knuckle heads would soon say he built abuja
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by SmartPolician: 10:45am On Sep 01, 2023
MT:


I want to ask you a question and will appreciate if you can be civil with your response.

Do you support FG depleting our hard earned income by susidizing (intervening in the market) the Naira and create an artificial impression that Naira is doing well. While reaching your conclusion, factor in the fact that if that is the case, the FG will continue to be borrowing to fund our budget, making Nigeria to sink deeper in debt.

We spend Naira in Nigeria and not dollars. If we can start to improvise on some of the things we import from abroad, there will be less pressure on the Naira. Our behaviors need to be checked as well.

Know that if we go back to the old ways - Hajj, Jerusalem, Tuition Fee abroad and PTA - and all needless seminars and trainings embarked upon by Civil Servants will be subsidised by the FG.

I will like to read from you.

The response to your question will be like a lecture of 24 hours or an entire textbook.

First, maintain the status quo; don't float the naira yet. After all, he has already removed the petrol subsidy and the burden is now on the people now.

Short term

Flag off a massive buy made-in-Nigeria-product campaign across the country. However, you must practice what you preach. Ban all MDAs from using imported vehicles - they should patronise only vehicles made in Nigeria. It will save this country a lot of FX.

Those who can access FX from banks must only be for business purposes. People who are not known to be genuine importers should go to the black market. Airline operators and parents paying school fees abroad can also access it because for the airlines, you are subsidizing the industry. For the parents, it's an investment that will pay in the future because those kids will form a buck of Nigerians who live abroad and send remittances to their families in Nigeria. See, leadership na common sense.

If other arms of government see the executive taking this step, their conscience will keep pricking them until they follow suit. If they don't, visit the national assembly. Engage them and tell them to do the same. Do the same whenever the judiciary has major events and invite you. When Buhari started his buy made-in-Nigeria-product campaign, Saraki started wearing clothes made in Aba. Our military was ordering shoes made from Aba. See, leadership at the top is everything. They stopped when they realised that Buhari wasn't serious; he was not leading the campaign by example.

Engage the media, fund national orientation agency and ministry of information. They should go to the markets, malls, schools, churches, mosques, etc to enlighten people about why they should start patronising products made in Nigeria.

Long term plan

Boost Nigeria's power generation capacity and transmission capacity. Invest massively in road infrastructure. Grant 5-year tax breaks to startups. Fund Bank of Industry so they can support SMEs across the country.

Visit major gas companies around the world and invite them to come and harness Nigeria's gas reserves. Nigeria can make billions of dollars per annum from this.

Find out why Nigeria isn't meeting her OPEC quota in crude oil export and make sure the challenge is fixed. Lobby OPEC to increase Nigeria's crude oil sales and bring in more USD into the country.

Invest in cash crops and ensure that the agencies that make them meet international requirements for exportation enlightens local farmers to meet these requirements. Deploy the military in the north and declare state of emergency in LGAs where terrorists don't let people farm in northern Nigeria. Dead or alive, you must be in charge of your country. That's why you are paying a bunch of security operatives. Everyone must justify their pay.

Get a vibrant minister of information. He should engage the people through the media so they know what steps the government is taking to improve the country because many people are not enlightened. There's a reason the White House Press Secretary always holds media briefing. People need to know what the government is doing.

Bros, in four years, these bold steps will start yielding results. When you win your reelection, float the naira that time.

I can go on and on. Believe it or not, it's either Bola Tinubu has no leadership ideas or he is just here for business as usual. Either way, I am not convinced he knows what he is doing.

3 Likes

Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by iamtardey: 10:56am On Sep 01, 2023
E no shock me.
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Ozommadu: 10:57am On Sep 01, 2023
STEWpid:
Chai..


I'm not surprised some crowd are happy about this news.

Anything to bring down the nation is their paramount joy.

Modified:

Jobless and headless mobs are already quoting me.

They're already feeling guilty even when I did not mention any name or party.

Ewu

You need help
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by MSN1(m): 10:59am On Sep 01, 2023
Newborn27:
APC had brought us nothing but pain.

It's we salary earners I pity most in this present administration.

Salary doesn't increase but prices of commodities kept sky-rocketting.


Lord , please heal our land!
Civil servants salaries were increased by 10k this month in my State. But the Govt. can still do better in order to reach out to the masses.

One thing we ALL should also know is that; Nigerians are very wicked people!
They use every opportunity to hike the prices of things unnecessarily without considering the fellow poor masses. A lot of people are using the opportunity that; Things are expensive to deliberately rip others, THIS IS VERY BAD.
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Ozommadu: 10:59am On Sep 01, 2023
Parachoko:
Few Months ago, Cedis was ranked as one of the worst performing currency in Africa and The World, but today, is one of the best performing Currency.

Ifere megbukwaa gi
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by imoh4king(m): 11:11am On Sep 01, 2023
hisexcellency34:
Tinubu really disappointed me and many Nigerians who voted for him. This is not what we bargained for. At this point, I'm going for Obi if there is rerun

From Fry pan to Fire.
Best of luck.
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Kaycee9242(m): 11:13am On Sep 01, 2023
enemybulldozer:
We the Igbos that are foresighted warned those ebola infected mofos but they refused. Instead of listening to our voice of reasoning, they allowed hate and tribalism to block their sense of reasoning.
Maize247, madridguy, helinues, AuschwitzPrefec, adekolaelect, Christistruth03, TimeMachine2, jeromestarks, yarimo and beerfraud hope you lots are enjoying now grin grin grin

You forgot to add that one that grills vultures, set of lunatics

1 Like

Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by jeromestarks: 11:15am On Sep 01, 2023
enemybulldozer:
We the Igbos that are foresighted warned those ebola infected mofos but they refused. Instead of listening to our voice of reasoning, they allowed hate and tribalism to block their sense of reasoning.
Maize247, madridguy, helinues, AuschwitzPrefec, adekolaelect, Christistruth03, TimeMachine2, jeromestarks, yarimo and beerfraud hope you lots are enjoying now grin grin grin
If I slap you ehhhh.
Jagaban na your mate? 🤣.
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Newborn27(f): 11:18am On Sep 01, 2023
MSN1:

Civil servants salaries were increased by 10k this month in my State. But the Govt. can still do better in order to reach out to the masses.

One thing we ALL should also know is that; Nigerians are very wicked people!
They use every opportunity to hike the prices of things unnecessarily without considering the fellow poor masses. A lot of people are using the opportunity that; Things are expensive to deliberately rip others, THIS IS VERY BAD.


The increment only affected the government workers....how about we..private workers?


We work like elephant and got meager salary.


We can't truly blame the masses for increasing the cost of their products...no matter what they're selling...they'd also buy fuel..pay school fees and other bills like any other Nigerians.

Depression is on the rise ...hungerbis in town and people do all sort of illicit things to make ends meet.


A cup of rice is now #200-#250


This was the amount I was buying a congo of rice during GEJ regime and people were abusing him then



I learnt dollar is now 900+....which was around 250-300 in GEJ regime

The subsidy he planned removing in 2011 then resulted to massive protest in Lagos then that brought out prominent celebrities then.....today we're buy #800 per litre and everyone is cool about it.


If things can be this rotten within 8yrs...I wonder how our tomorrow would look like.


Many Nigerians are suffering in diaspora... some went to prison..some engaged in all manner of job and illegal acts to stay away from this country... some had even done change of citizenship and refused to be identified as a Nigerian.



The question is...for how long are we going to live like this?


I weep for my dear country! sad

3 Likes

Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by maasoap(m): 11:20am On Sep 01, 2023
hisexcellency34:
Tinubu really disappointed me and many Nigerians who voted for him. This is not what we bargained for.

Same here too.

At this point, I'm going for Obi if there is rerun
I would rather go with Atiku. But there won't be any rerun and it won't involve Obi even if there is going to be one
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Parachoko: 11:20am On Sep 01, 2023
Ozommadu:


Ifere megbukwaa gi
k
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Fearyourcreator: 11:29am On Sep 01, 2023
hisexcellency34:
Tinubu really disappointed me and many Nigerians who voted for him. This is not what we bargained for. At this point, I'm going for Obi if there is rerun
Yeye
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Maobichek: 11:35am On Sep 01, 2023
Mummyfour:
what you are saying if I understand you correctly, is that even if there's a re run and it is obvious that tinubu lost, that Mahmood will re -rig him in ?


Where is our fear of God and humanity in this country.
How can you say this?.

I am really shocked. And mind you, it is not about me being an obi supporter, but let us be careful what we wish for.

How would you feel if you qualify for something and it is forcefully taken away from you and given to someone else irrespective of your efforts and commitment?.
Every thing is not politics my dear friend.

I understood clearly your point, i wouldn't say all i did on 25th Feb 2023 just for people to cast their vote ( you remembered that there was scarcity of cash then).

I prayed and worked for a better Nigeria but mystery behind the malfunction of BVAS during presidential election was the sole reason Obi lost the election, it was planned (imagine that BVAS malfunctioned in FCT Abj?)

I won't go on and on, i felt bad after the presidential election, only God and God alone because if a rerun is called, it's still the same set of people so there would be no miracle my brother.
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Charly68: 11:41am On Sep 01, 2023
Who has bewitched Nigeria.. ?
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by Uchedizzy(f): 11:46am On Sep 01, 2023
bergs2:
Nothing concern me.

My own be say this poor performance of the naira will certainly favour me and my family.
Abeg i no wan laugh

1 Like

Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by occfx: 11:47am On Sep 01, 2023
Bobloco:


•Lose almost 100%

•As Tunisian Dinar, Libyan Dinar, others emerge top strongest African currencies





https://sunnewsonline.com/concerns-as-naira-emerges-worst-performing-african-currency-in-3-months/?amp

Bulaba is an idiot
Re: Concerns As Naira Emerges Worst Performing African Currency In 3 Months by MomohMrMoore: 12:00pm On Sep 01, 2023
This is a PDP post.
Moreover, all able bodied Nigerians are in the city riding Okada, who will farm to feed Nigerian and export. All Ibos are traders, importers, not exporters. They dont produce anything. Only oil Nigeria have to sell, so the Naira will fall. simple.

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