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Nairaland Forum / Nairaland / General / Business / Five Ways Nigeria’s Currency Flotation Will Affect Life (31734 Views)
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Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by PointBlank101: 10:28am On Jun 20, 2016 |
What are the main disadvantages of floating the Naira? |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by LadyAimy: 11:21am On Jun 20, 2016 |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by pizzle123(m): 12:01pm On Jun 20, 2016 |
labamo07:Bro I hop nd pray ooooh |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by DealMogul(m): 12:07pm On Jun 20, 2016 |
Dottore: Interesting...let's hear YOUR theory sir...since you are so quick to dismiss that of another probably well versed in these matters than you are 1 Like |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by Dottore: 12:13pm On Jun 20, 2016 |
DealMogul: The economic team and Nairaland pocket economists have been unveiling "Well versed" economic theories that never worked. So what's the need of reading more instead of watching events unfold Also if your sound knowledge of economic matters hasn't made you a billionaire and contributing to the well being of others then there's no need boring people with bogus terminologies. |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by Boss13: 12:21pm On Jun 20, 2016 |
neocortex: Nope. Policy withdrawal or reversal is a common thing. Nigeria is not the only country in this mess. Many Oil dependent countries are facing similar issues. Russia, Angola, Venzuela, Saudi Arabia etc. Venzuela is even finding it more difficult. They have a mad president. |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by Dexema(m): 2:38pm On Jun 20, 2016 |
eleojo23:exchange rate from US money transfer portal I use has dropped from N319/$ to N279/$ as at this afternoon. The thing fear me small, good one for naija sha if it can be replicated on other fronts. |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by eleojo23: 2:44pm On Jun 20, 2016 |
Dexema: Why you fear na? Was it an online transaction? |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by Dexema(m): 2:51pm On Jun 20, 2016 |
eleojo23:Yep, why I nogo fear na! Though I love naija and would want the Naira to recover, I didn't just expect this lucozade boost jump in record time. |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by eleojo23: 3:04pm On Jun 20, 2016 |
Dexema:Pardon my many questions. Please which Bank's card did you use? |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by ademule89: 4:20pm On Jun 20, 2016 |
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Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by Dexema(m): 6:06pm On Jun 20, 2016 |
eleojo23:I was receiving money, and it got paid directly into my account. |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by eleojo23: 6:30pm On Jun 20, 2016 |
Dexema:OK. Thanks. |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by Dexema(m): 6:51pm On Jun 20, 2016 |
eleojo23:you are welcome, feel free to ask me any other questions via WhatsApp this is dexter. |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by Nobody: 8:23pm On Jun 20, 2016 |
Before the theories above will work ..dollar price wil lgo up ..what we saw last week after announcement was panic reaction since the floating has started today you will agree with me thatso many people that needed forex and ddidnt see before will flood the market with demand that will push the price north ..you can quote me on this naira will reach around N500 per dollar before it will starta steep journeey south but at the long run we will enjoy it |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by dafuturis(m): 12:07am On Jun 21, 2016 |
Atmmachine: Very stew peed comment, to think that 15 more highly stew peed fellow liked your comment. SMH for your generation. |
Re: Five Ways Nigeria’s Currency Flotation Will Affect Life by crownprince102: 4:00pm On Jun 21, 2016 |
mineANDurs:Japan, Mexico, Pakistan, United State, India, etc are all over 100 million in population but yet importation are banned on certain goods. India for example will never import wheat, they provide it for their population of over a billion and this wheat is poduce in a city not a big as any of Nigerian state. So why should importation not be banned of certain goods? Without banning importation of what we can produce, how feasible is the industrialization you mentioned? |
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