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CBN Devalues Naira, Holds Interest Rate To Spur Growth - Business (2) - Nairaland 3y6527

CBN Devalues Naira, Holds Interest Rate To Spur Growth (6222 Views)

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manny4life(m): 4:53pm On Nov 24, 2011
thoth:

Maybe if you people should ask where the idea of currency devaluation came from you will understand the intention.
World Bank/IMF Orders CBN to destabilize Nigeria. That is what the title should read like. For more information check my older posts.

Order what? Where did you get your story from? That is how you guys carry spread wrong news undecided undecided undecided
thoth: 9:24pm On Nov 24, 2011
There is a lot going on that the masses don't know since they have been alienated from policy making in their own country.
Check out my older posts to see when the whole thing started.
VoodooDoll(m): 10:28pm On Nov 24, 2011
OK,  Prediction time.

Naira to be N200 to $1 and N300 to GBP£1 if the current policy continues.

Reasons: continued fiscal indiscipline,  pressure to pay minimum wage and unhindered inflation.
989900: 11:14pm On Nov 24, 2011
Playing on the masses ignorance, *weeping*

http://en.wikipedia.org/wiki/Nigerian_naira

Spare a minute and go thru that link and see how bad our economy has fallen over the years. Or better still compare our standard of living in the late 70's and early 80's to now in relation to value of the dollar.
989900: 11:15pm On Nov 24, 2011
Playing on the masses' ignorance, *weeping*

http://en.wikipedia.org/wiki/Nigerian_naira

Spare a minute and go thru that link and see how bad our economy has fallen over the years. Or better still compare our standard of living in the late 70's and early 80's to now in relation to value of the dollar.
GeorgeD1(m): 4:25pm On Nov 25, 2011
no need to weep friend. you should be used to all these deceit by now. undecided
Re: CBN Devalues Naira, Holds Interest Rate To Spur Growth by Nobody: 11:13am On Nov 26, 2014
GenBuhari:
Nigerians tighten your belts!

The latest wave of mass impoverishment has begun sad

How many MB is ur brains?

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