Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,161,449 members, 7,846,880 topics. Date: Saturday, 01 June 2024 at 05:36 AM |
Nairaland Forum / Nairaland / General / Business / Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc (1645 Views)
It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves / Breaking News!!! Naira Depreciates To 1,800 To 1 Dollar / CBN To Refund ₦35 Million Capital Deposits To BDC Applicants (2) (3) (4)
Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by sarrki(m): 11:47am On Apr 16 |
Michael olayemi cardoso the cbn governor Cardoso may sell his next dollars to the BDC at N800. Let’s discuss this !!! Please real time updates till when dollars fall bellow 200 per dollar 9 Likes
|
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by socialmediaman: 11:51am On Apr 16 |
How much foreign reserves has Nigeria lost trying to defend the naira? How sustainable is this? What is the long term goal? Defend the naira while hoping that the manufacturing and export sector picks up somehow? What’s the plan? As stakeholders, you’d hope that your government will lay out the plan and let people key in through the private sector, that’s if there’s some real plan in motion Why has the government stopped publishing the monthly economic report that was published every single month since 2013 for transparency? As someone who has witnessed a lot of lies and propaganda within the past 9 years, I have to see the evidence to believe whatever this government says https://www.cbn.gov.ng/documents/monthlyecoreports.asp 1 Like
|
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by PressMyButton: 12:04pm On Apr 16 |
socialmediaman:Updates- foreign reserves have risen to $37billion. While I am not particularly sure about the information of the OP, it is really ridiculous of you and your ilks to keep making spurious narratives of defending the naira with the reserves. Meanwhile, you guys are the most ignorant of basic economic policies. 25 Likes 4 Shares |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by socialmediaman: 12:09pm On Apr 16 |
PressMyButton: Where is the monthly economic report that substantiates this claim you just put up here? We will all see it in the monthly economic report that should be published by the CBN monthly for transparency, this is not some hidden access only information You too should advocate for transparency because absence of it creates suspicion, and many of us were right about the previous government 3 Likes |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by kettykin: 12:16pm On Apr 16 |
This is hilarious and as well as good, my take is to trigger a very big tsunami in the forex market by selling beloww N500 tp a dollar while expecting a rebound in the economy. |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by PressMyButton: 12:19pm On Apr 16 |
socialmediaman:Your problem is ignorance but you don't know. If you don't know something, you better ask and learn. Monetary fundamentals are not political argument you engage in at newspaper stand. 14 Likes 1 Share |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by socialmediaman: 12:21pm On Apr 16 |
PressMyButton: So your factual source for the numbers you quoted was “trust me”. After claiming to know something, you came up empty. You ended up being that keyboard warrior. 2 Likes
|
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by PressMyButton: 12:24pm On Apr 16 |
socialmediaman:Illiterate. 8 Likes 1 Share |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by lwisee: 12:27pm On Apr 16 |
socialmediaman: CBN is not using our foreign reserve to strengthen our currency, get that into your thick skull. Keep hoarding the Dollars, e go shock you when a Dollar becomes N450 7 Likes 1 Share |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by OgaFactCheck: 12:28pm On Apr 16 |
socialmediaman: You made a claim of defending the Naira with reserve. You should provide proof of rapidly declining reserve from authoritative sources. At least, if the data cannot prove causation, it can at least prove association. 4 Likes |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by tollyboy5(m): 12:29pm On Apr 16 |
I was thinking ₦900 at the end of this month but if they can go ₦800 to a $ that would be wonderful as it will drive the pump price of diesel and petrol downward. The CBN should keep driving the rate low at a regular interval if possible they drive it down to ₦200 per dollar like it was during goodluck time. This massive difference will be a major game changer in our economy and state governors should not find any excuse on why they should owe salaries or not improve infrastructure. Better days ahead 6 Likes |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by lanre9ja(m): 12:33pm On Apr 16 |
We are getting there 1 Like |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by Pecoleee345: 12:34pm On Apr 16 |
socialmediaman: If FG is defending the naira with foreign reserve....PO, Atiku, opposition parties and news media will be quiet about it 4 Likes |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by socialmediaman: 12:34pm On Apr 16 |
OgaFactCheck: We were told that fuel subsidy was gone. What is the result today? Many people suspect that flaoting the naira failed and the CBN is back to defending the naira. Where is the monthly economic report published by the CBN? The last one was published November last year. Transparency that was established since 2013 by the GEJ government just disappeared. Where is it? The CBN should publish it and lay this matter to rest. https://www.cbn.gov.ng/documents/monthlyecoreports.asp 1 Like 1 Share
|
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by misreal(m): 12:41pm On Apr 16 |
Hmmmm... Honestly,I pray the government is not using our foreign reserve to defend the naira oh. If they are not,then kudos to the government. |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by helinues: 12:43pm On Apr 16 |
Toh
|
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by OgaFactCheck: 12:44pm On Apr 16 |
socialmediaman: Yes, the monthly economic report is good. However, does the lack of it now means that the government is defending the Naira with reserve? He who comes to equity must come with clean hands. If you allege that the government is defending the Naira with reserve, you should defend your claim with data before you request for data from those that oppose your claim. Don't you think so Sir/Ma? If you have states that you suspected, that is all true but making factual statement with a plausible evidence is a no no. 6 Likes |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by socialmediaman: 12:44pm On Apr 16 |
Pecoleee345: This was a news report by nairametrics titled: Nigeria's FX reserves dip by $1.02 billion in 18 days on CBN's naira defence. I didn't make that up: https://nairametrics.com/2024/04/07/nigerias-fx-reserves-dip-by-1-02-billion-in-18-days-on-cbns-naira-defence/ |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by socialmediaman: 12:45pm On Apr 16 |
OgaFactCheck: This was from nairametrics: Nigeria's FX reserves dip by $1.02 billion in 18 days on CBN's naira defence. I didn't make that up: https://nairametrics.com/2024/04/07/nigerias-fx-reserves-dip-by-1-02-billion-in-18-days-on-cbns-naira-defence/ 1 Like |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by Pecoleee345: 12:47pm On Apr 16 |
socialmediaman: In your heart of heart......if that was use to defend dollar won't PO have alerted everyone?? David Hundeyin and rufai oseni you people darling will cash out big time if what you posted was true. See it is clear.....if there was something fishy about the naira gaining against dollar opposition would have feed on it. 4 Likes |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by tollyboy5(m): 12:48pm On Apr 16 |
socialmediaman:Not releasing monthly economic report might not be cool. But it doesn't substantiate your claim of declining reserve. Besides your argument on reintroduction of subsidy holds no water, it's common sense that the pump price of petrol has been maintained despite the dwindling exchange rate. That magic can only happen with subsidy I don't need to be an Albert Einstein to know that a stronger naira need no petrol subsidy 3 Likes |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by socialmediaman: 12:51pm On Apr 16 |
tollyboy5: How about this? Nigeria's FX reserves dip by $1.02 billion in 18 days on CBN's naira defence. Source: https://nairametrics.com/2024/04/07/nigerias-fx-reserves-dip-by-1-02-billion-in-18-days-on-cbns-naira-defence/ |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by OgaFactCheck: 12:51pm On Apr 16 |
socialmediaman: Good job. However, do you know that within that period, the government stated that they paid backlogs of the foreign currency owed to the country's debtors? Have you factored that into your analysis? Actually, I like people that are level-headed and not emotional in argument like you. Can you please, address the question above? 1 Like |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by rinzaugustine: 12:55pm On Apr 16 |
And some will be buying those dollars you loaned and storing as security till you run out of that dollars you borrowed then naira will return to its normal value…mumu policy no direction |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by socialmediaman: 1:00pm On Apr 16 |
OgaFactCheck: This is why we're asking to see the monthly economic report. Let's see the numbers. This report was published monthly by the CBN since 2013, but disappeared not long after the new CBN boss came on board, where's the transparency? |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by worldclass68(m): 1:05pm On Apr 16 |
tollyboy5: |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by lwise(m): 1:07pm On Apr 16 |
rinzaugustine: Mumu policy? Your eye go clear 2 Likes |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by Prince111111: 1:11pm On Apr 16 |
PressMyButton:don't mind him..even in Life Economics, you use what you have to get what you want. If they are defending it then so be it. In the process of defending it, you are making the country attractive to investors and at the end of the day, the reserve continues to grow. 3 Likes |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by socialmediaman: 1:12pm On Apr 16 |
misreal: Nigeria’s Reserves Depreciates by $595m in One-month as CBN Defends Naira: https://www.thisdaylive.com/index.php/2024/04/10/nigerias-reserves-depreciates-by-595m-in-one-month-as-cbn-defends-naira |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by rinzaugustine: 1:15pm On Apr 16 |
lwise:same way starvation is clearing your own now |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by socialmediaman: 1:16pm On Apr 16 |
Prince111111: If they're defending it just like before with no clear sustainable plan, then be sure that your politicians are buying it up knowing it's just a temporary measure and it will rise again. This is how the rich keep getting richer and the poor keep trusting that the government is working for their good. You guys are not doing your country any good, demand transparency and better from your government 1 Like |
Re: Realtime Update On Dollars , Cardoso Might Sell At 800 To Bdc by LLSAINT(m): 1:19pm On Apr 16 |
Does that affect rhe prices of commodities in the market or the inflationary trend we keep experiencing? lwisee: 1 Like |
Us Fines Uba $15 Million Dollars Over Money Laundering! Elumelu Faces Arrest! / Do You Live In The Uk And Want To Talk Business? Lets Talk. / What I Do With #3,000 Starting Capital Online
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 56 |