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Nairaland Forum / Nairaland / General / Business / CBN Injects $280M Into FX Market, Increases Sale To Bdcs (8277 Views)
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CBN Injects $280M Into FX Market, Increases Sale To Bdcs by PMBNG(m): 6:35am On Apr 19, 2017 |
AS part of its efforts to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has injected $280 million into the market. http://www.socialtimesng.net/2017/04/cbn-injects-280m-into-fx-market-increases-sale-to-bdcs/ Lalasticlala |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by maryjan8(f): 6:41am On Apr 19, 2017 |
Ok |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by Tallesty1(m): 6:42am On Apr 19, 2017 |
maryjan8:Yea |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by kingsumo(m): 6:45am On Apr 19, 2017 |
Isorite |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by hisgrace090: 6:50am On Apr 19, 2017 |
Can someone tell me why the dollar is not coming down anymore despite constant CBN injection into the society? 17 Likes 1 Share |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by Nobody: 6:59am On Apr 19, 2017 |
hisgrace090:bubu in town 11 Likes |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by onatisi(m): 7:29am On Apr 19, 2017 |
hisgrace090:Because the problem goes beyond just dumping dollars in the market 13 Likes 1 Share |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by crackerspub: 7:34am On Apr 19, 2017 |
$1 = 1N The biggest scam of the century APC needs to apologies to Nigerians We are not after the amount introduced to the market, we are after the exchange rate It seems Abacha's regime was better based on the exchange rate when compared to Bubu 2 Likes 1 Share |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by KingLennon(m): 7:34am On Apr 19, 2017 |
t |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by Nobody: 7:34am On Apr 19, 2017 |
hisgrace090: Because we are not earning enough dollars Our major source of dollars is oil money. When oil prices are high, dollars flow in, and not just from oil, foreign dollars flow in because govt does not need to restrict dollar outflow. When oil prices fall, govt restricts dollars, foreign investment dries up because of the restrictions, and naira falls , because we lacknenough dollars to buffer the naira. Also, oil prices have to be at a certain level to enable Nigeria have enough for all its needs. For Nigeria, oil has to be at $120 and above for us to have a 'strong' naira. But ultimately, we need to diversify our export base so that we can earn more than enough dollars to buffer the naira.This means making heavy duty investment in power, transport and education and industry. 4 Likes |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by Nobody: 7:34am On Apr 19, 2017 |
all these measures are temporary 1 Like |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by ORACLE1975(m): 7:34am On Apr 19, 2017 |
madness |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by bro4u: 7:35am On Apr 19, 2017 |
if they think injecting dollars will solve the mess we are in currently then they are wrong, creating surplus availability of dollars will hurt our economy in the long run, poor moves exhibited by the economic team of this country. |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by izzy4shizzy(m): 7:36am On Apr 19, 2017 |
When I see the word inject, This is what comes to my mind 1 Like
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Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by BRIGHTRIVERS(m): 7:36am On Apr 19, 2017 |
What is Op saying
|
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by DavidOluyale(m): 7:36am On Apr 19, 2017 |
I Hope it works well and is really available. meanwhile Website/web App Creation isn't rocket science. Get your website/web App up and running at your deadline. Make a request @ www.callable.info/request.php |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by tribalistseun: 7:37am On Apr 19, 2017 |
This government and injection be like 5 and 6 1 Like
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Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by Nobody: 7:37am On Apr 19, 2017 |
owkay |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by ChappyChase: 7:39am On Apr 19, 2017 |
What happens when the CBN goes broke |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by Sketchandcraft(m): 7:39am On Apr 19, 2017 |
Dollar not coming down because there is still less liquidity in the market.. There is no oversaturation |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by abhosts(m): 7:40am On Apr 19, 2017 |
onatisi: Prophet of Doom. You don dey show face again because dollar has gained some ground. You would soon disapear again when Naira Climbs to 320. 8 Likes |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by nextstep(m): 7:40am On Apr 19, 2017 |
hisgrace090:It has reached an equilibrium: there's actually more demand now since the people who stopped demanding for it when it was expensive postponed their purchases. Without the injection, prices would have been much higher by now, so the fact it is my going down like before does not mean the policy is not working 4 Likes |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by samhay: 7:40am On Apr 19, 2017 |
Samhay is typing |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by modath(f): 7:41am On Apr 19, 2017 |
Much ado about nothing.... 1 Like |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by mykeljosef: 7:41am On Apr 19, 2017 |
im at 419 road ,hell way,satan avenue blow wissuu if that wisuu will not hang in your throat
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Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by overhypedsteve(m): 7:41am On Apr 19, 2017 |
nice development |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by sakalisis(m): 7:42am On Apr 19, 2017 |
Ok |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by Harwoyeez(m): 7:42am On Apr 19, 2017 |
They'll soon mop up d dollars and no effect will be felt...moreover, I think more fundamental things need to be done than just dumping of dollars in d market 1 Like |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by mantosa(m): 7:42am On Apr 19, 2017 |
Please reason right abhosts: 1 Like |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by chuksjuve(m): 7:42am On Apr 19, 2017 |
Happy Injection.
CBN is the doctor, money is syringe, the economy is the patience...
this administration is one hell of a joke..
God help us. contact us for your landscape, horticulture and gardening service... check my profile for more info. |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by SolexxBarry(m): 7:45am On Apr 19, 2017 |
Hope this works this time |
Re: CBN Injects $280M Into FX Market, Increases Sale To Bdcs by Tazdroid(m): 7:46am On Apr 19, 2017 |
The kind of injection I'd ask for from the CBN doctor |
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