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Nairaland Forum / Nairaland / General / Business / Naira Is "World's Best Performing Currency" In April - Bloomberg (36741 Views)
Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg / Russia's Ruble Is the World's Best Performing Currency / Why The Naira Is Now Gaining Against The Dollar (2) (3) (4)
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Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by predictor1: 8:20pm On Apr 12 |
LegendHero:He's fighting a lost battle. He's trying to flummox you to win the argument. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Ofunaofu: 8:20pm On Apr 12 |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by LegendHero(m): 8:22pm On Apr 12 |
predictor1: Don’t mind him. A simple straightforward analogy don dey turn mathematics class on top simple naira to dollar rate. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Kukutenla: 8:23pm On Apr 12 |
LegendHero:But you brought in mathematics first. Your maths was wrong. I've seen many doctors discuss the technicalities of their field here and no one has arrested them. In public discourse you make intelligent submissions not market woman analysis. Exchange rate you're discussing is an economic term. Rate of depreciation is also an economic term. So what do you mean by you don't want to speak in technical terms? Those factors are irrelevant to depreciation calculations which you embarked upon. Your claim is like saying when calculating inflation rate, one should consider the exchange rate. It is irrelevant. Inflation rate is calculated regardless of exchange rate even if exchange rate can affect it. You're yet to show the calculations you claimed will change the results. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by predictor1: 8:24pm On Apr 12 |
Ofunaofu:This debate is beyond your pay grade. Rest |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by predictor1: 8:25pm On Apr 12 |
LegendHero:His maths is wrong. To him naira lost less than 1% of it's value in 16 years 1 Like |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by goshee: 8:26pm On Apr 12 |
LegendHero:Because they are not good enough and that's why APC were voted only to come and make it worse. You mean that the ZOO can't get it right? It gets worse with every incoming ruler? When I say that the ZOO is destined to fail you start wailing. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by GeneralDae: 8:27pm On Apr 12 |
airsaylongcome:Under Goodluck Jonathan, despite an average oil production of 2.2 million bpd and crude at over 100 dollars per barrel, the reserves were still used to defend the naira aggressively amongst other things. Reserves were at 28 Billion dollars gross when he left. He inherited around 44 Billion dollars in reserves. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by blamingthedevil: 8:27pm On Apr 12 |
DMerciful: So , you are coming to terms with me... you are now saying other currencies were not subsidized but only USD....Haba malam |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by LegendHero(m): 8:29pm On Apr 12 |
Kukutenla:Any doctor that is discussing on social media and quoting medical terms to explain simple analogy is simply a nuisance. If rate of depreciation is an economic term, then why don’t you also factor the variables of “Forex revenue of the government” in your rubbish economic terms? Why not bring the revenue PDP generate for 16 years and use that to infer which of them performed well since we have to check all economic metrics for a simple one sentence argument? Those factors are irrelevant to depreciation calculations which you embarked upon. Your claim is like saying when calculating inflation rate, one should consider the exchange rate.We are not calculating inflation rate initially. No one mentioned inflation, we were just comparing values without factoring it other metrics. The assumption is that all other factors are kept constant. Na you come with your diversionary tactics to turn the argument elsewhere. It is irrelevant. Inflation rate is calculated regardless of exchange rate even if exchange rate can affect it.Oga don’t tell me nonsense. Everybody can prove technical, if you can’t argue based on context, then your technical jargons mean nothing. What calculations do I need to show? That PDP generated more $$ revenue than APC when you use your own time value of money? That Jonathan generated the highest amount of crude sales accruals? That PDP fail to improve infrastructure or diversify revenue to make Nigeria stop being an import dependent country? Abi what are the metrics affecting exchange rates in an economy like Nigeria? 2 Likes |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by LegendHero(m): 8:34pm On Apr 12 |
GeneralDae: Don’t mind these guys . Kukutenla Abi Wetin be him name no understand all these basic stuffs when trying to absolve PDP of blames. There was a period oil price crashed below $20 compared to near steady $100 of Jonathan period coupled with Covid-19 slowdown and etc. But they want us to just take it as isolated case as tho both PDP and APC both have the same $$ revenue arsenal to balance the exchange rate. 2 Likes
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Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Ofunaofu: 8:47pm On Apr 12 |
predictor1: Just say that I won the debate You got nothing else to say |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Inobeyourmate: 8:50pm On Apr 12 |
Children of padition from one particular region will call this fake or not be happy with it. All they have ever wanted is for Naija to crumble since their candidate couldn’t win. Awon oloriburuku omo ofo 🤣🤣🤣🤣 1 Like |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by airsaylongcome: 8:51pm On Apr 12 |
GeneralDae: You Buharists and Batists fail to understand that we all knew this. Your party campaigned on a premise that all of that was bad. And that your technocrats could fix all of that. 9 years later, what's our current reserve? What is our loan exposure? How much of that loan has been looted? |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by WorldRichest: 8:53pm On Apr 12 |
Bluntguy: You go just kee yourself over nothing with the hatred and bitterness that your parents planted in you |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Lemos14: 8:53pm On Apr 12 |
LegendHero: You didnt have any IQ to reduce before you're an outright idiot my friend |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by predictor1: 8:53pm On Apr 12 |
bal4real:Who said gej made Buhari incompetent? What is dis one saying? The subsidy was already removed in the budget, Tinubu only upheld it. With continued subsidy and without floating the naira the economy would eventually collapse. We've seen that in Lebanon and Venezuela but since all you watch is Soundcity and Africa Magic, you can't know much about world economy. Or have you ever experienced fuel scarcity under this government like you used to have under Obj, Jonathan and Buhari with scarcity lasting for months? That's also one of the effects of subsidy removal. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by WorldRichest: 8:53pm On Apr 12 |
Ofunaofu: You go just die over nothing |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by LegendHero(m): 8:54pm On Apr 12 |
Lemos14: Mynd44 fergie001 seun When I reply back now na blocking for me. 1 Like |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by predictor1: 8:55pm On Apr 12 |
Ofunaofu:You can see I'm still talking to those that are smarter than you. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Lemos14: 8:55pm On Apr 12 |
LegendHero: Stop disgracing yourself on a public forum please. Go and be productive. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Ofunaofu: 8:59pm On Apr 12 |
predictor1: Not on this debate, or probably you are just repeating what was already said. As far as you and I are concerned, this debate has ended with me winning it all. Take a rest, bro. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by DMerciful(m): 9:02pm On Apr 12 |
Comprehension isnt hard, is it? blamingthedevil: |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by predictor1: 9:04pm On Apr 12 |
Ofunaofu:Ok. Who am I to deny a beggar a ride since wishes are horses? |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by morgstreme: 9:08pm On Apr 12 |
Bizibi: Juvenile. The economy has been damaged since atleast 86'....you were obviously not yet born.. So you see things from your "keyhole" perspective... Keep up with clamouring for you noncognitive perspective about how the economy was destroyed.. You should go back to school.. Or maybe start to get some knowledge by watching nickelodeon... |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Chibuezem(m): 9:14pm On Apr 12 |
richie240:Exactly, it's a great news atleast this government has done something positive, I can't wait to see the price of things come down...... #Let the poor breath. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by morrisono111: 9:17pm On Apr 12 |
Ofunaofu: Where did FG see money to pay Airliners? |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by GeneralDae: 9:21pm On Apr 12 |
predictor1:I think there’s still some sort of subsidy though due to the naira devaluation especially the second devaluation on Jan 31st 2024. But if we can get the naira back to 800 at this current crude price ($90 per barrel) or less, the subsidy would be out or almost non existent like it was between June and August 2023. 1 Like |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by eminikansoso(m): 9:21pm On Apr 12 |
Lizzysamuel:Poor mathematics |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Goodlady(f): 9:25pm On Apr 12 |
GeneralDae:I don't blv so. I v conducted researches |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Goodlady(f): 9:26pm On Apr 12 |
LegendHero:I sabi book pass you. From eye witness accounts, dollar was close to N100 as at 1999. |
Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by goslowgoslow(m): 9:31pm On Apr 12 |
Bluntguy:People that cannot read to comprehend. |
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