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Nairaland Forum / Nairaland / General / Business / Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg (26046 Views)
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Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by Lizzysamuel(f): 8:07pm On May 10 |
Nigeria’s naira has reversed recent gains and is now the world’s worst performing currency in the last month, increasing pressure on the central bank to keep raising interest rates.https://www.bloomberg.com/news/articles/2024-05-10/usd-ngn-naira-reverses-gains-as-outlook-dims-on-declining-dollar-inflows?utm_campaign=socialflow-organic&utm_source=twitter&utm_content=africa&utm_medium=social&cmpid%3D=socialflow-twitter-africa 21 Likes 3 Shares
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Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by Lizzysamuel(f): 8:07pm On May 10 |
Now that CardiB has exhausted all his ideas in giving Naira "Kung Fu" I wonder what will be the next line of action 😂. Crypto Banned Binance Banned too P2P banned too BDCs supplied with Dollars. EFCC arresting BDc operators Dear CardiB and Bulaba, Who are we blaming this time? My aged grandma? 489 Likes 40 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by obi4eze(m): 8:09pm On May 10 |
Balablu magic. When they were told to hold their dollars closely, imagine what these Tinubu propagandists were saying. I hope they are still here to see the magic their oga is performing on the exchange rate. Who will they blame this time around? Of course they will surely blame Peter Obi who they are seriously teaching a lesson. Propaganda is not governance. Fx rate is blind to propaganda. 269 Likes 23 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by AqualinaXYZ: 8:19pm On May 10 |
It will get more worse this I pray Since we can’t gain reduction in price of goods then make we dey gain in dollars 2500 before end of next month 104 Likes 16 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by Ancecoker(m): 8:22pm On May 10 |
The Nigerian Naira's recent performance as the world's worst-performing currency is a complex issue with various economic and political factors contributing to its decline. Some possible reasons include: 1. Economic challenges: Nigeria's economy has faced difficulties, including inflation, currency fluctuations, and a significant decline in oil prices (Nigeria's main export). 2. Political instability: Political uncertainty and instability can lead to a loss of investor confidence, affecting the currency's value. 3. Monetary policy: Central Bank decisions, such as interest rate changes or currency interventions, can impact the Naira's performance. 4. Trade and investment: Nigeria's trade balance, foreign investment, and remittances can influence the currency's strength. 5. Global market trends: Global economic conditions, such as currency fluctuations and investor sentiment, can also impact the Naira's performance. It's important to note that currency fluctuations can have significant effects on a country's economy and citizens. 11 Likes 2 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by Administration1: 8:22pm On May 10 |
Hmmmm |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by NwaNimo1(m): 8:22pm On May 10 |
20 Likes |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by FactBoyz: 8:22pm On May 10 |
You and I did not vote for this disaster called Tinubu. A monumental disgrace to Nigerians 217 Likes 21 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by God1000(m): 8:22pm On May 10 |
Too bad, government should stop using cosmetic approach to stabilize naira and address the real problem 66 Likes 12 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by Kpartners: 8:22pm On May 10 |
Before nko? That award is for naira naa I have said it before that they have run out of ideas, I use to believe that Asiwaju will assemble the best brains unlike Bubuu, but I can tell you that Bubuu will even be considered a technocrat compared to the performance of Asiwaju It will only get worst so let us tighten our belt's. But my happiness is that we all are experiencing the terror going on in this country regardless of who you voted for Using artificial intelligence, I can tell you that the future of this country called Nigeria is not bright at all We have a long journey ahead of us May God be our helper 56 Likes 4 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by Father4all: 8:23pm On May 10 |
Before unko. Terrible country 48 Likes 5 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by APOPTOSIS: 8:23pm On May 10 |
The Lawless Society has assumed its rightful position. It's officially genetic now. You can't be lawless and senseless yet expect the benefits enjoyed by citizens of lawful societies. 35 Likes |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by shortgun(m): 8:23pm On May 10 |
Every reasonable person knew the "gain" was not sustainable. 61 Likes 6 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by usecondom(m): 8:23pm On May 10 |
Wahala 2 Likes |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by jmoore(m): 8:24pm On May 10 |
Tinubu APC gangs in government are the one manipulating the fx. They use propaganda to make dollar appear cheaper. Once they buy billions of dollars at cheaper price, they manipulate the price to go high so they can sell to make massive gains. And the cycle will keep repeating. 84 Likes 8 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by iichidodo: 8:24pm On May 10 |
I have always advocated for the Nigerian Government to forward applications to Paris to utilize the CFAs in West Africa as these wild and volatile oscillations of the Naira is wreaking havoc in the economy and our collective psyche... 4 Likes 1 Share |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by MikeMicheal(m): 8:24pm On May 10 |
Make e continue to go UP. When it went lower, traders refuse to adjust price, claiming old goods. SO, NO POINT praying for a strong Naira. 36 Likes 6 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by jaxxy(m): 8:24pm On May 10 |
Was bound to happen after the abracadabra 14 Likes |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by ChizzyBuna(m): 8:24pm On May 10 |
Ok |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by Franklyspeakin: 8:24pm On May 10 |
Asiwaju, we can see your great works. Ride on 13 Likes |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by tername8600: 8:24pm On May 10 |
Wow... good news |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by id4sho(m): 8:24pm On May 10 |
Make una no kill Baba Akanbi with Nigeria problemsssssss 5 Likes |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by chido20(m): 8:25pm On May 10 |
Bought dollars when it was 1,000. Now I’m waiting for it to get to 2,500 or 3k before i sell. Propaganda doesn’t run the economy 80 Likes 9 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by graceypetee: 8:25pm On May 10 |
Wahala What will common man do? If not to mk money But why Nigeria come be like this? And nobody is talking Check my signature if you want to learn and c out 5 Likes |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by chariiks(m): 8:25pm On May 10 |
Lizzysamuel: |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by omoredia: 8:25pm On May 10 |
Country of fake experts, worthless pdh holders and useless elders and leaders 36 Likes 3 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by Joshy4u: 8:25pm On May 10 |
When illiterate criminals run a country, this is what happens. Even Onanuga say 0.5% is equal to 0.005%. 55 Likes 3 Shares |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by CodeTemplar: 8:26pm On May 10 |
Form is temporary, class is permanent. 39 Likes |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by Houseontherock1: 8:26pm On May 10 |
Voodoo economics 24 Likes |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by Nahunger(m): 8:26pm On May 10 |
E be like say na ogun go kill IMF and her sister agencies, they want to keep us impoverished so they can keep selling their lies globally... Ogun how you and sango go just siddon dey look as these snakes wan bite IRON, dey want turn iron and fire to dust 😠 5 Likes |
Re: Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg by oluwaseunamos33(m): 8:26pm On May 10 |
Oh Lord, have mercy on Nigeria and bless us with competent and God fearing leaders that will take us to our promise land ijn 32 Likes 2 Shares |
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