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Why Does Naira Appreciate Whenever Buhari Travels? - Politics - Nairaland 3m6gc
Why Does Naira Appreciate Whenever Buhari Travels? (39354 Views)
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| Why Does Naira Appreciate Whenever Buhari Travels? by Nobody: 11:10pm On May 19, 2017 |
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Before he travelled N390/395. Now: N375/N380 81 Likes 3 Shares |
| bennyann: 11:21pm On May 19, 2017 |
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Good observation 
40 Likes 1 Share |
| Re: Why Does Naira Appreciate Whenever Buhari Travels? by Nobody: 11:31pm On May 19, 2017 |
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The only reasonable explanation I have for this is about investors confidence. I do not think investors ( foreign and local ) have confident in President Buhari anymore, hence the fall of dollar against naira anytime he travels. This occurrence was actually the opposite at first. During the first three month of Buhari istration there was high investors confidence hence the favourable increase in NSE. The body language and economic policy of President Buhari has really change the outlook on how investors view the economy 280 Likes 12 Shares |
| Blue3k(m): 11:34pm On May 19, 2017 |
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Interesting things happen when Osinbajo take over. Look at the executive orders the active President signed for example. Everyone notes government works alot faster.
110 Likes 5 Shares |
| deedeedee1: 11:41pm On May 19, 2017 |
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Naira went up because over 400 million dollars was injected into the market, not because of any investor's confidence. The lower the demand, the lower the price. That is what happened to dollar.
89 Likes 8 Shares |
| Re: Why Does Naira Appreciate Whenever Buhari Travels? by Nobody: 11:58pm On May 19, 2017 |
deedeedee1: After the initial injection of dollar into the economy, there was a fall in dollar at first then a increase subsequently. As at now, there has been another increase in naira without any injection of dollar into economy. What could have been the cause of this? Another invisible injection of dollar into the economy. If the first increaee in naira is associated with the pumping of dollar into the economy as you claim, what will be the associated cause of the current increase in naira. Stop playing politics, investors confidence in naira recently has had positive impact on our legal tender. 163 Likes 7 Shares |
| Nbote(m): 1:07am On May 20, 2017 |
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With body language comes great body odour... No blame dollar
33 Likes 1 Share |
| WeNoGoDie(m): 2:15am On May 20, 2017 |
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Honestly I noticed this but just kept mute. Honestly I noticed this but just kept mute. Honestly I noticed this but just kept mute. 13 Likes 2 Shares |
| Re: Why Does Naira Appreciate Whenever Buhari Travels? by Nobody: 2:41am On May 20, 2017 |
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28 Likes |
| praise1705(f): 3:37am On May 20, 2017 |
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have u blamed buhari today?
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| Amberon: 4:37am On May 20, 2017 |
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Hmmm
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| obyrich(m): 5:01am On May 20, 2017 |
praise1705:What goes around comes around. If you point a finger at your neighbour, 3 fingers will be pointing back simultaneously at you. We are watching how the blame game APC introduced into Nigerian politics will play out. 77 Likes 8 Shares |
| Notasyouthink: 5:28am On May 20, 2017 |
walexy100:That is because buhari is badluck!! Buhari started with lies and killings and now karma has visited him and anything that concerns him. 81 Likes 5 Shares |
| iamoyindamola(m): 5:51am On May 20, 2017 |
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very true
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| Larryfest(m): 6:48am On May 20, 2017 |
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The guy is just bad news.....
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| obonujoker(m): 6:56am On May 20, 2017 |
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Nothing good works for a cursed failure....
11 Likes 1 Share |
| RichYoungNigga: 8:32am On May 20, 2017 |
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Because the guy is bad news Anytime he wants to travel out of the country, his bad lucks packs their bags and travel with him 94 Likes 6 Shares |
| MrMoney007: 8:32am On May 20, 2017 |
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Becos his policies are depreciating
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| Dottore: 8:32am On May 20, 2017 |
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Lol
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| kristonium(m): 8:33am On May 20, 2017 |
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The kind of spirit following him
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| free2ryhme: 8:33am On May 20, 2017 |
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wicked children
5 Likes |
| martineverest(m): 8:33am On May 20, 2017 |
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What a foolish question ❓ Didn't naira appreciate when buhari was around?
10 Likes |
| Edum13656: 8:33am On May 20, 2017 |
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meaning that Buhari and Naira are mutually exclusive.
12 Likes 1 Share |
| free2ryhme: 8:33am On May 20, 2017 |
Larryfest: 5 Likes |
| Timileyin008: 8:33am On May 20, 2017 |
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this is not just mere coincidence am sure something mysterious something beyond our physical sight gets to do with it... am sorry to say Buhari obviously is a bad luck to Nigeria. imagine, we voted out goodluck and voted in badluck what a rhythm
37 Likes 3 Shares |
| massinola(m): 8:33am On May 20, 2017 |
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Because he's an economic illiterate
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| Jarus(m): 8:33am On May 20, 2017 |
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Why did you choose to forget the appreciation when he was around, when he came back after the last travel?
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| Nltaliban(m): 8:33am On May 20, 2017 |
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I think it's because he has nothing to offer THEM JUST DEY PERAMBULATE ORO RichYoungNigga:. 5 Likes |
| Spidermon: 8:34am On May 20, 2017 |
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The general state of our economy is still messed up. All these 5 naira gains on the dollar to me isnt worthy of note. When it comes below 300 and goes closer to 2015 exchange rates, then I can applaud. For heaven's sake, things are supposed to get better, not worsen. At least, that ought to be the norm. 24 Likes 5 Shares |
| BrutalJab: 8:34am On May 20, 2017 |
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. Because his second name is bad luck and APC is cursed.
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| KingsleyCEO: 8:34am On May 20, 2017 |
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Is spiritual... VP is a blessed man and God's hand is upon him, but I can't say same about Bubu shall. when Bible talked about rejoicing when righteous rules.
10 Likes 2 Shares |
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