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Nairaland Forum / Nairaland / General / Business / CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds (9785 Views)
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CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by Adesiji77: 5:35pm On Mar 30, 2017 |
Nairametrics| The Central Bank of Nigeria now allocates foreign exchange (FX) to banks based on the size of their unimpaired shareholders’ funds – the value of shareholder investment in a bank. http://nairametrics.com/exclusive-%E2%80%8Bcbn-to-allocate-forex-to-banks-based-on-the-size-of-their-shareholders-funds/ |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by kaboninc(m): 6:00pm On Mar 30, 2017 |
Adesiji77 Do you work for Nairametrics? |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by Einl(m): 6:27pm On Mar 30, 2017 |
When it comes to something as sensitive as selling Forex or dollars, CBN should be careful not to show a bias to anyone. When it comes to Forex another method should be used to calculate the sharing formula. Wema Bank can't compete with FirstBank. 1 Like |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by Nobody: 6:27pm On Mar 30, 2017 |
many nairalanders Won't understand this news , wonder why its here |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by Nobody: 6:27pm On Mar 30, 2017 |
any policy that will make the country better is welcome |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by smartty68(m): 6:28pm On Mar 30, 2017 |
Just watching |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by telim: 6:29pm On Mar 30, 2017 |
What is cbn talking about? Can someone explain this new policy in simple term. |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by watchindelta(m): 6:33pm On Mar 30, 2017 |
non capito |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by miqos02(m): 6:38pm On Mar 30, 2017 |
na wa oh |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by Ngasky(m): 6:43pm On Mar 30, 2017 |
H |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by ashala(m): 6:46pm On Mar 30, 2017 |
Na wah oooo |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by burkingx(f): 6:47pm On Mar 30, 2017 |
....ABEG !!! ATTENTION. .!!! I DEY BEG UNA !!! PLEASE MAKE UNA GO READ THE ARTICLE FOR NIGERIABULLETIN.COM BEFORE UNA COMMENT Thank una !
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Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by Spidermon: 6:50pm On Mar 30, 2017 |
All na runs. The dollars dey go BDC hand. |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by silibaba: 6:54pm On Mar 30, 2017 |
This policy alone don make naira depreciate to 377/$ as against the 360/$ 2 Likes 1 Share |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by yomalex(m): 7:08pm On Mar 30, 2017 |
okay o |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by obaataaokpaewu: 7:10pm On Mar 30, 2017 |
How much be heritage bank shareholders fund? |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by dearie(m): 7:25pm On Mar 30, 2017 |
Obnoxious policy that will only reverse the gains hitherto made by the Naira. Please anyone with the ears of Emefiele had better call him to order. 1 Like |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by sapientia(m): 7:36pm On Mar 30, 2017 |
Is this part of Tinubu Policies used in Lagos State? Well... thats what FGN said. |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by otomatic(m): 7:53pm On Mar 30, 2017 |
The risks (business) a bank can undertake is always a function of their capital (shareholder funds). So the CBN is in order. Even international conventions like the Basel I and II has clearly spelt this out. |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by Nobody: 7:59pm On Mar 30, 2017 |
Everyday new Forex policy. lol. Who cares anymore anyway? When I'm not Aboki change dollar. No difference between Forex and MMM now or baba Ijebu now. You may win or lose. Last year I changed 1000 dollars to naira at 340 naira to dollar and the next month the dollar rose to 415. This year I changed 5000 dollars at 495 naira to 1 dollar and the next month it became 375 naira to 1 dollar. Forex in naija now na eyi je eyi o je. You win or you lose. 1 Like |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by Clone2020(m): 7:59pm On Mar 30, 2017 |
If you are in the US or have relatives in the US trying to send money to naija, I will exchange the funds at 320/$, simply deposit into my US bank account and receive instant funding into your Nigerian account. Don't bother with western Union and co, they exchange at 300/$ , with fees and the exchange rate drops even lower. See contact in signature.. |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by jazinogold(m): 8:12pm On Mar 30, 2017 |
Don't forget....
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Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by Nobody: 8:45pm On Mar 30, 2017 |
HandsomeJude:It's not bb naija or tonto. |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by Adesiji77: 9:04pm On Mar 30, 2017 |
kaboninc: No sir |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by INTEGRITYA1(m): 9:20pm On Mar 30, 2017 |
So much money in circulation and yet. It seems things still fall apart. Nigeria must get it right. |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by davide470(m): 9:53pm On Mar 30, 2017 |
Adesiji77:You sure?? Lol. 1 Like |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by Adesiji77: 10:51pm On Mar 30, 2017 |
davide470: |
Re: CBN To Allocate Forex To Banks Based On The Size Of Their Shareholder’s Funds by k9ine(m): 2:07am On Mar 31, 2017 |
What risks are you talking about? The CBN sells the dollars to the banks, it doesn't advance it to them as loans. So its simply buying and selling. Like some persons pointed out, this is simply a move aimed at giving undue favour and preference for the big banks. I wonder what the Bankers' Committee is thinking. otomatic: |
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