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Nairaland Forum / Nairaland / General / Business / Four Failed Cbn’s Attempts To Arrest Naira Free Fall (16181 Views)
Naira Continues Free Fall On Official Window, Trades N1482.57/$ / Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall / Naira's Free Fall Continues, Now Exchanging At ₦550 To $1 (2) (3) (4)
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by bluefilm: 2:50pm On Feb 21 |
Who would have believed that Emefiele was such a genius when in comes to managing the Naira and keeping it somewhat stable to some extent? Wonders shall never end! 1 Like |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by lexy2014: 2:51pm On Feb 21 |
nairalanda1: how is not earning in dollars the cause of the problem? |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by Akalia(m): 2:52pm On Feb 21 |
emkz:You sound like the savior Nigeria naira needs in a time like this. I wish you have the opportunity to be in the position to roll out these measures. 1 Like |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by Akalia(m): 2:54pm On Feb 21 |
bluefilm:I get the feeling that naira free fall is not unconnected to an economy sabotage of some sort. 1 Like |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by Inspirer1: 2:54pm On Feb 21 |
lexy2014:So they have been saying o, I want to believe so too BUT one question I do ask is what about our African neighbours whose currency have been or are now stronger than ours...what are they doing that we ain't doing that led to earning in dollars more than us |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by Dminister(m): 2:56pm On Feb 21 |
The major problems of this bad government economy are as follows; 1. Removing subsidy immediately without preparations towards subsidy removal and the same money for subsidy being looted by the same corrupt people in government. 2. Increasing import tarifs and taxation without cutting the cost of running the government; No consistence tarrif policy leading to hoarding of goods, speculations and inflations. The government creating bottlenecks for small and large scale businesses. How do you expect the economy to be working when you are destroying businesses with your wicked policies. A working government will always create an enabling environment for businesses to survive. The same government tithing bottlenecks for businesses while preferring custom revenues because revenues from all other sectors No longer enough to meet their extravagant lifestyles. |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by surgical: 2:57pm On Feb 21 |
Tjra:This is the only way ,they know it but will not implement it,because they are benefiting, they are not patriotic enough to forgo their advantages They need cash to as store of value, also to bribe delegates during primaries, and other sundry bribery they may need to carry out from time to time. 1 Like |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by CalmTravels: 3:00pm On Feb 21 |
Naira is heading to 2500NGN to dollar! Asiwaju, patch patch CBN gov & his full economy at the rate they are going, will beat PwC projections by a wide margin! PwC say na by 2025 naira go hit 2500 to a dollar, but the way it appears now with these bunch of clueless misfits, naira will clock 2500 before 2024 FY ends! Economic Statistics is different from Bulablu economics of agberoism, sycophancy, snatch, grab & run with it! Asiwaju get mind, see wetin reach the Igbos going by way of equity, he get mind go collect am......na this one he go know say, the gentility of a tiger is never an act of cowardice! |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by bluefilm: 3:02pm On Feb 21 |
Akalia: I have a feeling it is an economic sabotage on a larger scale on the international stage. Just that Nigeria is caught up in the web as one of the unfortunate victims But be that as it may, the present government is going to be blamed no matter what. |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by Bobbiet(m): 3:04pm On Feb 21 |
We the masses are the once feeling it because all these elite and politicians have their money saved in dollars already. E no concern them |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by CalmTravels: 3:05pm On Feb 21 |
Did they not tell him to relinquish power? Did they not give him enough sign that he is not wanted in the power click? Was he not disgraced enough, but he find his feloow corrupt buddies in INEC & judiciary led by the cripple white bearded CJN......oya lead well, na to dey bulablu! What a shameless old grandpa that should at best be at a home for elders with criminal past! bluefilm: |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by LagosG: 3:19pm On Feb 21 |
SpecialAdviser:Your brothers are the experts. The entire planet knows this |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by ArcSEMPECJ(m): 3:21pm On Feb 21 |
sterlingD: Exactly, our politicians started to disregard Naira to the extent that delegates for both primary and General elections refused to take Naira as bribes inorder to sell their votes.... The love for Dollar grew immensely under the watch of Tinubu who could rather give dollar than Naira in the primary and General elections.....all to act as a City boy.... I remember him saying " what money can't do, more money will do it" meaning that what Naira can't do, dollar will do it.... How much dollar was released for them from CBN and at what rate where they allowed to take the Dollar? APC devalued Naira and made it a mockery from 2014-2015 and buried Naira in 2023 .... Now they want to raise the same Naira from Death and give it life? Nonsense and Agbadorians..... 1 Like |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by Bobbiet(m): 3:21pm On Feb 21 |
We the masses are the ones feeling it because all these elite and politicians have their money saved in dollars already. E no concern them. |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by Iamblessed85: 3:26pm On Feb 21 |
jieta: Exactly. Give them loans and exempt them from all levies and taxes. Infact ban all importation for a year or two except extremely essential commodities. We just aren’t ready yet |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by bolabadmus38: 4:06pm On Feb 21 |
surgical: They are also guilty... their people are also involved,so how can they curb it. They know the panacea it it will directly or indirectly affect them. They are all saboteurs. 1 Like |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by InvertedHammer: 4:24pm On Feb 21 |
/ Let them keep chasing shadows. When they are ready, they should contact me, pay my "hefty" fees and I will get naira back on track. Right now arbitrage is paying well. All is well. / |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by Akalia(m): 4:44pm On Feb 21 |
bluefilm:Two wrongs can't make a right. |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by uba1991: 4:56pm On Feb 21 |
You cannot steal exams and expect to pass an interview. |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by MMWandali: 4:59pm On Feb 21 |
With an overhyped failure as Head What do you expect? |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by Saintinoo(m): 5:22pm On Feb 21 |
Haha, I remember on every occasion I talk argue against using billions to save the naira from free fall. The truth is that, they are not trying to save the naira, they only approve hundreds of billions which they will loot. I really laugh at people who still believe in Nigeria, don't give yourself HBP. |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by fxexperts: 9:18pm On Feb 21 |
nairalanda1:You guys are a huge joke. for your info what is Ghana doing to earn enough dollar and why is the Cedis not on a free fall like the naira. GanagiBitrus:You guys are leaving the elephants to chase shadows. |
Re: Four Failed Cbn’s Attempts To Arrest Naira Free Fall by nairalanda1(m): 9:23pm On Feb 21 |
fxexperts: Seriously man, being abusive by calling me a joke is immature behavior Seriously, better learn to start your comments by being polite. You know, without calling someone a joke. If I treated you like that, you would be upset. Better act matured next time. You are effing better than this And to respond to your point, Ghana is in serious economic trobule, with some of the same issues as us. They even have issues with rising poverty and economic turmoil. It does not mean that we should excuse our leaders though |
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