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Naira Appreciation Brings Confusion - Business (2) - Nairaland

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Re: Naira Appreciation Brings Confusion by nairalanda1(m): 1:37pm On Apr 18
PressMyButton:

Your analogy is misplaced and irrelevant. A student that scored 70% is within the distinction bracket with students that scored 90%. Next time try and understand the meaning of "weak" before using it.

It was simple, I give you that.

Still doesn't change the fact our currency is weak. Until we become a major exporter, and until people start using the naira as a reserve currency, forget about it.
Re: Naira Appreciation Brings Confusion by Golan007: 1:45pm On Apr 18
PressMyButton:

Everyday they were giving us updates and telling themselves to keep their dollars. I don't know why they are no more giving updates since last two months. Maybe the subsea cables that was cut have not restored their network connection.
grin

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Re: Naira Appreciation Brings Confusion by PressMyButton: 2:03pm On Apr 18
nairalanda1:


It was simple, I give you that.

Still doesn't change the fact our currency is weak. Until we become a major exporter, and until people start using the naira as a reserve currency, forget about it.
You're only rehearsing what's in your head. Exporting to earn more forex and demanding less dollar for importation, both goes hand in hand to boost reserves. Currently. we are working towards the latter. If we cut off $20billion per year demand for fuel imports, then the naira gets even more stronger.
Re: Naira Appreciation Brings Confusion by nairalanda1(m): 2:11pm On Apr 18
PressMyButton:

You're only rehearsing what's in your head. Exporting to earn more forex and demanding less dollar for importation, both goes hand in hand to boost reserves. Currently. we are working towards the latter. If we cut off $20billion per year demand for fuel imports, then the naira gets even more stronger.

We are not , and never have been

APC is just doing what its predecessors are doing. Partially remove subsides to raise money, hope oil prices rise, increase oyel production to pay for more tax, and do a great show of fighting corruption...to get more money. And free gifts...

Like all the other parties before them, and army before them

Your party needs to do the following

1.Totally remove subsides, and let the market be free for power and petrol. Oh, and your presido must pay his light bill.

2. Imporve our abysmal tax to gdp ratio.

3. Incentives for manufacturing

4.Massive investment in vocational and technical education. We need hands for the new industrial revolution

5. Fight courrpution. Really do so. Not this patch patch.

6. Spend more on security. We dey spend one tenth of what NYPD uses to patrol New York to patrol 220 million nigerians, no wonder kidnapping is the thing.

7. Commit to spending more on railways , railways and railways

8. Get the fulani off the roads and into ranches in the far north. Get more investment in massive industrial level farms.

9. Commit Nigeria to industrializing. Time we used those raw materials for something.

There, not all the patch patch all of you guys and PDP and LP Love. I am tired of seeing the same oldsame old. We can't be using the old formula.
Re: Naira Appreciation Brings Confusion by PressMyButton: 2:32pm On Apr 18
nairalanda1:
.
You have quickly changed the goal post from "until we become a major export" to "9 points agenda" including taxation, fulani herdsmen bla bla bla. It shows you as a man grasping at straw, rather than pontificating, try and learn how to appreciate gradual growth.

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Re: Naira Appreciation Brings Confusion by Omoawoke: 2:34pm On Apr 18
Some people don’t want Naira to even appreciate.
They are these categories of people;
1. Sadists
2. Masochists
3. The self centered (those benefiting from the fall without care if many perish)

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Re: Naira Appreciation Brings Confusion by nairalanda1(m): 2:43pm On Apr 18
PressMyButton:

You have quickly changed the goal post from "until we become a major export" to "9 points agenda" including taxation, fulani herdsmen bla bla bla. It shows you as a man grasping at straw, rather than pontificating, try and learn how to appreciate gradual growth.

We don't have a strong currency. Those are the steps we need to get there.

To bad you can't see it. grin
Re: Naira Appreciation Brings Confusion by PressMyButton: 2:49pm On Apr 18
nairalanda1:


We don't have a strong currency. Those are the steps we need to get there.

To bad you can't see it. grin
You're even more delusional to think i'd take you serious. We're talking purely monetary policies here. Go and learn, then come back to discuss.

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Re: Naira Appreciation Brings Confusion by nairalanda1(m): 2:53pm On Apr 18
PressMyButton:

You're even more delusional to think i'd take you serious. We're talking purely monetary policies here. Go and learn, then come back to discuss.

We don't have a strong currency

No need to use the d-word over it.
Re: Naira Appreciation Brings Confusion by PressMyButton: 3:00pm On Apr 18
nairalanda1:

We don't have a strong currency
No need to use the d-word over it.
We have the best performing currency globally. Knock yourself.
Re: Naira Appreciation Brings Confusion by nairalanda1(m): 3:02pm On Apr 18
PressMyButton:

We have the best performing currency globally. Knock yourself.

Still the almighty dollar.

Naira is weak

No need to get so knocked over it
Re: Naira Appreciation Brings Confusion by PressMyButton: 3:27pm On Apr 18
nairalanda1:


Still the almighty dollar.

Naira is weak

No need to get so knocked over it
Dollar is the strongest not the best performing. Dude, go and learn, your ignorance stinks.
Re: Naira Appreciation Brings Confusion by commoditiesnig: 3:42pm On Apr 18
The CBN is doing a great job i must say

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Re: Naira Appreciation Brings Confusion by nairalanda1(m): 4:37pm On Apr 18
PressMyButton:

Dollar is the strongest not the best performing. Dude, go and learn, your ignorance stinks.

Naira is still a weak currency, sadly.
Re: Naira Appreciation Brings Confusion by DyingFetus: 4:38pm On Apr 18
How does this affect the cost of beans and rice??


Yapes sef

Re: Naira Appreciation Brings Confusion by PressMyButton: 4:42pm On Apr 18
nairalanda1:

Naira is still a weak currency, sadly.
Go school, you said No..
Re: Naira Appreciation Brings Confusion by nairalanda1(m): 4:47pm On Apr 18
PressMyButton:

Go school, you said No..

Naira is still a weak currency, sadly.

Till it becomes a reserve currency globally, then we can talk
Re: Naira Appreciation Brings Confusion by Benwallt(m): 9:01pm On Apr 18
To the children of hate
Re: Naira Appreciation Brings Confusion by AfonjaConehead: 10:26pm On Apr 18
helinues malroux special personal boduGaurd secretary 🤣🤣🤣🤣:


Those people are not interested in any explanation as they only react to positive news about Nigeria with fixated mindset.

Dem go wake up for morning say make God bless them, but come online to wish their own country evil even for the fact that they reside inside same country. How can you be blessed from the same economy you already wished to crumble.

In Apostle Sule's voice , some of them are evil
Re: Naira Appreciation Brings Confusion by Peakdesign23(m): 12:22am On Apr 19
Good news.

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