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Naira Rises To N1,580/$ In Parallel Market - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Rises To N1,580/$ In Parallel Market (9245 Views)

Naira Rises By 7.7% As Official Exchange Rate Close At ₦‎1,142/$ / Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate / Naira Appreciates From 1310/$ To 1300/$ In Parallel Market (2) (3) (4)

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Re: Naira Rises To N1,580/$ In Parallel Market by Vision101(m): 12:46am On Mar 21
Splashme:
They are gradually abandoning floating the Naira and going back to doing the same patch-patch that Emefiele was doing.

The useless govt officials abuse Emefiele in the day but turns round to copy-paste his policies at night.
.
Tell us the patch patch that they are doing.
Re: Naira Rises To N1,580/$ In Parallel Market by Splashme: 5:40am On Mar 21
Vision101:

Tell us the patch patch that they are doing.

Borrowing here and there to subsidise Dollar supply,

Raiding and threatening BDC operators

Restricting funds transfers even for foreign education

Increasing import tariffs

Increasing interest rates

Etc etc etc ... all these will only provide temporary relief. It's like a man digging a hole to cover another hole
Re: Naira Rises To N1,580/$ In Parallel Market by Splashme: 5:49am On Mar 21
Putindbutt:

what are they copying from the useless Emefiele?, Ode boy.

Oga, Cardi B is a small boy in terms of intelligence compared to Emefiele. Didn't Emefiele do all these things Cardi B is doing now?

Borrowing here and there to subsidise Dollar supply,

Raiding and threatening BDC operators

Restricting funds transfers even for foreign education to discourage demand for fx.

Increasing import tariffs

Increasing interest rates

Etc etc etc ...

But you see, all these will only provide temporary relief. It's like digging a hole to fill another hole.
.
Re: Naira Rises To N1,580/$ In Parallel Market by Putindbutt: 9:05am On Mar 21
Splashme:


Oga, Cardi B is a small boy in terms of intelligence compared to Emefiele. Didn't Emefiele do all these things Cardi B is doing now?

Borrowing here and there to subsidise Dollar supply,

Raiding and threatening BDC operators

Restricting funds transfers even for foreign education to discourage demand for fx.

Increasing import tariffs

Increasing interest rates

Etc etc etc ...

But you see, all these will only provide temporary relief. It's like digging a hole to fill another hole.
.
Cardoso's policies are producing results, mention one Emefiele's policy that was effective. Ode boy.
Re: Naira Rises To N1,580/$ In Parallel Market by Vision101(m): 11:08pm On Mar 21
Splashme:


Borrowing here and there to subsidise Dollar supply,

Raiding and threatening BDC operators

Restricting funds transfers even for foreign education

Increasing import tariffs

Increasing interest rates

Etc etc etc ... all these will only provide temporary relief. It's like a man digging a hole to cover another hole

An economy is managed by fiscal and monetary policies. All that you listed fall into these. Abi, do you want our economy to be rudderless and you will be pleased 😀?

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