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Naira Appreciation: Osinbajo Needs To Teach Buhari His Magic – Ben Murray-Bruce

By: Adenosine (M) |Time : February 25, 2017, 04:27:12 PM
By Ifreke Inyang
 


Senator representing Bayelsa East, Ben Murray-Bruce, has applauded Acting President, Yemi Osinbajo, as the price of dollar continues to fall against the Naira.

The Naira was traded between 400 and 460 against the dollar at the parallel market on Friday.

In a tweet posted on Saturday, Bruce admitted that whatever Osinbajo is doing is “magic” and urged him to teach “his boss”.

He wrote: “Whatever the acting President is doing to increase the value of the Naira is working. We appeal to him to teach his boss this magic he has!”

At the beginning of this week, the Naira was traded for over 500 at the parallel market.

Traders expect the Naira to sell for less than 400 to a dollar, if the boost in liquidity by the CBN is sustained.

Source Dailypost.ng

Re: Naira Appreciation: Osinbajo Needs To Teach Buhari His Magic – Ben Murray-Bruce

By: Adenosine (M) |Time : February 25, 2017, 04:28:24 PM
Seriously the magic of this man is very active, he needs to orientate Buhari about this....

Re: Naira Appreciation: Osinbajo Needs To Teach Buhari His Magic – Ben Murray-Bruce

By: Gideon |Time : February 25, 2017, 06:54:46 PM
I am not sure this is handiwork of the vice president... I think those at CBN has kinda woken up after a deep slumber. They have created policies now that can aid the naira... Consistency is vital now.

Re: Naira Appreciation: Osinbajo Needs To Teach Buhari His Magic – Ben Murray-Bruce

By: alagbe003 (M) |Time : February 25, 2017, 07:51:01 PM
I am not sure this is handiwork of the vice president... I think those at CBN has kinda woken up after a deep slumber. They have created policies now that can aid the naira... Consistency is vital now.
thank you

Re: Naira Appreciation: Osinbajo Needs To Teach Buhari His Magic – Ben Murray-Bruce

By: alagbe003 (M) |Time : February 25, 2017, 07:53:17 PM
Cbn increased dollar supply and is responsible for the improvement. God factor too cannot be overemphazised.

Re: Naira Appreciation: Osinbajo Needs To Teach Buhari His Magic – Ben Murray-Bruce

By: dayan (M) |Time : February 25, 2017, 08:59:15 PM
Cbn increased dollar supply and is responsible for the improvement. God factor too cannot be overemphazised.

Yes, which also means that satans agents will soon reinforce for counter-attack.

Re: Naira Appreciation: Osinbajo Needs To Teach Buhari His Magic – Ben Murray-Bruce

By: dayan (M) |Time : February 25, 2017, 09:03:45 PM
Seriously speaking though, the Naira will only truly appreciate over time firstly because there is also too much Naira in circulation.
The prices of things need to stop increasing (which is what is devaluing the Naira more than anything). If prices stop going up, then over a little time, the Naira will at least stop depreciating.
What is happening now is that the importers have temporarily gone out of business. They will soon return when they see that dollar supply is back, and then we go back to Egypt.
Bottomline is that Naira will only improve when Nigeria starts producing most of what she imports currently.
When that will happen is anyone's guess.

Re: Naira Appreciation: Osinbajo Needs To Teach Buhari His Magic – Ben Murray-Bruce

By: naijarian (F) |Time : February 25, 2017, 09:22:40 PM
Seriously speaking though, the Naira will only truly appreciate over time firstly because there is also too much Naira in circulation.
The prices of things need to stop increasing (which is what is devaluing the Naira more than anything). If prices stop going up, then over a little time, the Naira will at least stop depreciating.
What is happening now is that the importers have temporarily gone out of business. They will soon return when they see that dollar supply is back, and then we go back to Egypt.
Bottomline is that Naira will only improve when Nigeria starts producing most of what she imports currently.
When that will happen is anyone's guess.
amen to that. Do you know we now have imported garri from.India? In ur supermarkets.... I was like wtf??!!!

Re: Naira Appreciation: Osinbajo Needs To Teach Buhari His Magic – Ben Murray-Bruce

By: Adenosine (M) |Time : February 25, 2017, 10:03:03 PM
amen to that. Do you know we now have imported garri from.India? In ur supermarkets.... I was like wtf??!!!
I was shocked when I watched that thing on NTA..... India garri for Nigeria. So it has gone to the extent of importing garri...of all things.

Re: Naira Appreciation: Osinbajo Needs To Teach Buhari His Magic – Ben Murray-Bruce

By: naijarian (F) |Time : February 25, 2017, 10:08:48 PM
I was shocked when I watched that thing on NTA..... India garri for Nigeria. So it has to the extent of importing garri...of all things.
and where was nafdac? Which of their staff approved that thing? Ad those garri sellers are struggling to stay afloat and feed and now we wanna remove food from their mouths with 'imported garri' even that alone makes wanna lash out. Whtf?!!!!! o-O

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