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Nairaland Forum / Nairaland / General / Business / FOREX Users Dump BDCs As Naira/dollar Rates Converge (28209 Views)
Naira - Dollar Exchange Rate From 1972 Till Date / The Meanings Of Visa, Verve, Mastercard, Naira, Dollar, Debit & Credit Card / CBN Meets BDCs As Naira Depreciates To N466/$ (2) (3) (4)
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FOREX Users Dump BDCs As Naira/dollar Rates Converge by dre11(m): 7:10am On Jun 07, 2017 |
Posted By: Collins Nweze http://thenationonlineng.net/forex-users-dump-bdcs-nairadollar-rates-converge/ lalasticlala |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by Benjom(m): 7:15am On Jun 07, 2017 |
It can only get better What happens in the coming days will prove the effectiveness of this new infamous measure though. . 10 Likes 1 Share |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by miqos02(m): 7:39am On Jun 07, 2017 |
wow, good for us 1 Like 1 Share |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by NwaAmaikpe: 7:39am On Jun 07, 2017 |
Naija's FX is just like women... Very difficult to understand or predict 46 Likes 4 Shares |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by theozobby(m): 7:40am On Jun 07, 2017 |
still observing |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by john1035: 7:40am On Jun 07, 2017 |
The worst exchange rate policy is what we practise. we can never move forward like this 7 Likes |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by Hillarie(m): 7:41am On Jun 07, 2017 |
N1 =$1 soon.. Am I wrong for trying to reach the things that I can't see? 3 Likes 1 Share |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by DonCortino: 7:43am On Jun 07, 2017 |
When d top dog alhajis who actually controls d BDCs feel d pinch they will rally ford support of d cabals to change things to their favour. 4 Likes |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by Ngasky(m): 7:43am On Jun 07, 2017 |
Good development. When the current government devalued naira I thought they are making a grave mistake, but thank God I was proven wrong. The rallying of naira is in the interest of Nigeria. And from the way things are going when the dangote's refinery started production the dollar will fall to below 300 or even possibly below 200. Because the major drain on dollar exchange in Nigeria is petroleum and petro allied products. So we won't spend dollars on them anymore, the demand will fall. Also with time the refinery will produce excess to sell to neighboring countries or even to southern American markets thereby earning more dollars to Nigerian central bank. Another good initiative policy is the made in Nigeria policy, now with the homegrown rice production it will further reduce the demand for foreign currency, all in all the two most foreign currency demand commodity will no longer need dollars so we should only use dollars for machinery and parts. From the foregoing Nigeria will be great it is just a matter of consistency and determination by the successive governments. Long live FEDERAL REPUBLIC OF NIGERIA 89 Likes 6 Shares |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by maximunimpact(m): 7:43am On Jun 07, 2017 |
thumbs up PMB economic team #Buharimonics 11 Likes 1 Share |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by ictmikky(m): 7:43am On Jun 07, 2017 |
Bad market for some 2 Likes 2 Shares |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by Xeedorf: 7:44am On Jun 07, 2017 |
Forex for Big men in town |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by jjjjj2017: 7:44am On Jun 07, 2017 |
sarrki, Mynd44, oya come & dance skelewu 1 Like |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by yaki84: 7:45am On Jun 07, 2017 |
Benjom:abeg whr parallel mrkt dey mek i go buy dolls? 1 Like |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by askjohnprosper: 7:45am On Jun 07, 2017 |
review your price downward period. It is the market factor. Reduce price jooor 4 Likes |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by Young03(m): 7:45am On Jun 07, 2017 |
ok |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by Chibokgame: 7:47am On Jun 07, 2017 |
I can believe it because buhari is away |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by Nobody: 7:48am On Jun 07, 2017 |
Hillarie:its called faith bro... |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by Oladelson(m): 7:48am On Jun 07, 2017 |
okay |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by wadetaw202: 7:49am On Jun 07, 2017 |
Good news always coming up in Forex anytime Brother Mohammadu travels for treatment 11 Likes |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by 9japrof(m): 7:51am On Jun 07, 2017 |
I was among those that criticised the move by the C.B.N to pump dollars into the market. Looks like the intended objectives is working, if what it takes to bring the naira/dollar rates low means pumping dollars into the market so be it. Please let it not be one step forward, three steps backward.... 5 Likes |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by greenermodels: 7:51am On Jun 07, 2017 |
(1)the rate is still very high, we won't notice any significant fall in the prices of imported goods until it hits atleast #210, even that is higher than the rate Buhari met it. (2)long-term defense of the currency is frowned at by all economics, proper economic policies is needed and we really don't have any in implementation right now. 5 Likes 1 Share |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by DollarAngel(m): 7:52am On Jun 07, 2017 |
USELESS COUNTRY, GIANT OF AFRICA, WITHOUT STABLE ELECTRICITY, NATIONAL AIRPORT, OR GOOD RAILWAY SYSTEM, NIGERIA IS AN UNFORTUNATE COUNTRY 6 Likes 4 Shares |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by Temptee101(m): 7:54am On Jun 07, 2017 |
Castroii:Be careful not to mistake delusion for faith 1 Like |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by Hillarie(m): 7:55am On Jun 07, 2017 |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by TPAND(f): 7:55am On Jun 07, 2017 |
Good one Nigeria. I hope we see a positive effect of this on commodity prices. |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by Primebuilders(m): 7:55am On Jun 07, 2017 |
Which one is BDC rate and parallel market rate and black market rate. I tot is official rate (bank rate) and black market rate 1 Like |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by Temptee101(m): 7:56am On Jun 07, 2017 |
DollarAngel:The most backward country even in the next world to come |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by ijustdey: 7:56am On Jun 07, 2017 |
such a good story to start the day |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by otokx(m): 7:57am On Jun 07, 2017 |
Online purchase using ATM on Aliexpress et al is still very high. 5 Likes |
Re: FOREX Users Dump BDCs As Naira/dollar Rates Converge by jaytime(m): 7:58am On Jun 07, 2017 |
Wow this is a good one. Unprecedented... |
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