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Nairaland Forum / Nairaland / General / Business / Naira Gains As CBN Injects $210m Into FX Market (10374 Views)
Naira Climbs To N360.55/$ As CBN Injects $210 Million / CBN Injects Fresh $210m In Forex Market / CBN Injects $14.2bn Into FX Market In9 Months (2) (3) (4)
Re: Naira Gains As CBN Injects $210m Into FX Market by Nobody: 7:38am On Jun 21, 2018 |
It is now a trend for the past one year now. Anytime Adsense wants to arrive by 21st this people 'inject' dollars into the system thereby crashing it. |
Re: Naira Gains As CBN Injects $210m Into FX Market by Nobody: 7:42am On Jun 21, 2018 |
Xpect more gain by the naira again the dollar as china continue to push on Yuan to be used as International mode of payment directly on this side of the block. |
Re: Naira Gains As CBN Injects $210m Into FX Market by Nobody: 7:44am On Jun 21, 2018 |
sarrki:Are u ok? how does ur write-up relate 2 d topic? |
Re: Naira Gains As CBN Injects $210m Into FX Market by justflow1(m): 7:56am On Jun 21, 2018 |
dokyOloye: English teacher " Don't they teach you ppl basic english in oshogbo" even your statement is worst than his, it is syntactically and morphologically flooded. I guess you missed your Basic english Grammer classes too |
Re: Naira Gains As CBN Injects $210m Into FX Market by justflow1(m): 7:57am On Jun 21, 2018 |
dokyOloye: |
Re: Naira Gains As CBN Injects $210m Into FX Market by olas24u(f): 8:03am On Jun 21, 2018 |
[quote author=anibirelawal post=68676370]Nigeria forex is gaining momentum bit by bit, day by day. i hope it will continue positvely like this. [/quote henhen so you can believe the weekly rubbish |
Re: Naira Gains As CBN Injects $210m Into FX Market by Nobody: 8:08am On Jun 21, 2018 |
i was listening to the news today and heard that the senate had over padded d budget from billion to trillion on excuse of buying 'sewing machines' and other stupid things for their constituency.they reduced the money for the basic ones like health,road etc.they intentionally delayed it so that the president wouldnt reject it as it would be taking a lot of time.we are in june and the bill hasnt been signed yet. How he wants to carry out the project given the little resources still remain a mystery. This is the first senate that is not totally in tandem with its president.they are really making things very difficult.this is by far the most selfish and corrupt senate we ever had |
Re: Naira Gains As CBN Injects $210m Into FX Market by safetyInspector(m): 8:10am On Jun 21, 2018 |
Parallel rate at AbokiFX is still at 360.
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Re: Naira Gains As CBN Injects $210m Into FX Market by buchilino(m): 8:10am On Jun 21, 2018 |
IT RISES TODAY. TOMORROW IT WILL TAKE 5 STEPS BACKWARDS. |
Re: Naira Gains As CBN Injects $210m Into FX Market by Proudlyngwa(m): 8:18am On Jun 21, 2018 |
HAH:Trade at 250 and watch the economy die |
Re: Naira Gains As CBN Injects $210m Into FX Market by Cuteamigo1(m): 8:37am On Jun 21, 2018 |
Proudlyngwa:Please kindly explain because i share his views oj this. |
Re: Naira Gains As CBN Injects $210m Into FX Market by killuminati(m): 8:37am On Jun 21, 2018 |
rentAcock:bastardoooo |
Re: Naira Gains As CBN Injects $210m Into FX Market by Nigeriadondie: 8:48am On Jun 21, 2018 |
nwoke37:Your father saw the future yesterday. I have done the same. I was in my 1st year in the university when I saw Nigeria’s future back then that it was completely hopeless & futureless. Infact it is easier for the devil to make heaven than for Nigeria to progress. For me that was why I ran out of the country no matter the costs & I am not regretting it. The budget just passed convinces anyone that doubts how hopeless Nigeria is. When NASS decides to deduct from fundings for key projects so they cud fund their constituency projects which is not more than donating teabags, sugar, digging pit toilets and divert the rest to live big. Until we realise that PMB though has his but the real enemies of Nigeria are national assembly members and governors. Remember the case of Dariye and Nyame. And when u leave law making in the hands of thieves like Saraki, budget padders like Dogara and his gang then such a country is dead. |
Re: Naira Gains As CBN Injects $210m Into FX Market by drpips1(m): 8:49am On Jun 21, 2018 |
stupid news, the whole economy can be summarized in a graph of its value against time 1 Like
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Re: Naira Gains As CBN Injects $210m Into FX Market by Proudlyngwa(m): 9:06am On Jun 21, 2018 |
Cuteamigo1: If we trade at 250, a lot of things that are locally produced will be affected as it will become cheaper to import. Also we will have a lot of substandard products as manufacturers will want to meet up. Take fuel for instance, Nigeria has the cheapest price of fuel for countries around it, and that is with dollar at 360, with dollar at 250 fuel becomes cheaper and smuggling out becomes more lucrative. Another question is if the price of crude which is the major source of dollar supply falls, how long will we be able to sustain it at 250 to a naira. |
Re: Naira Gains As CBN Injects $210m Into FX Market by Cuteamigo1(m): 9:26am On Jun 21, 2018 |
Proudlyngwa:you make alot of sense. most of what you said can be achieved if we had a serious government but unfortunately that is exactly what we lack. |
Re: Naira Gains As CBN Injects $210m Into FX Market by HAH: 9:26am On Jun 21, 2018 |
Re: Naira Gains As CBN Injects $210m Into FX Market by ultiliberty(m): 9:38am On Jun 21, 2018 |
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Re: Naira Gains As CBN Injects $210m Into FX Market by HAH: 9:40am On Jun 21, 2018 |
Proudlyngwa:I just saw your response here, but the question is how did past government sustain it at lower rate, the present high cost of life is mainly due to high dollar rate, and have industries increased since naira was devalued ? Believe me it reduced. Government is there to alleviate people not the other way round , just imagine what $10B injected into our economy will do as against leaving it in an account in another country, one of the main reason the economy is slow is because of lack of investments, how many investors are we seeing this days, the only investors are portfolio investors who contribute little to the economy. You said a lot of thing will be cheaper to import if dollar is 250, please can you mention just 3 I industries that thrived under this harsh condition, probably you will say rice , believe most of the things you see about rice is propaganda, I am a notherner and live in the north the so called local rice are only seen during launching by politicians, and even the figures of productions are exegerrated clearly they are not up to our demand. Only a wicked father with live money in account while his family is suffering, a clear case of Buhari |
Re: Naira Gains As CBN Injects $210m Into FX Market by Vicvalentine: 9:59am On Jun 21, 2018 |
sexyanyabubakar:Nwanyioma |
Re: Naira Gains As CBN Injects $210m Into FX Market by Proudlyngwa(m): 10:17am On Jun 21, 2018 |
HAH: My brother, while I understand you, I must remind you that a country is not run on sentiments and emotions. It is unfortunate that during the last regime, Nigeria was really living above its means creating a false sense of euphoria which could never want been sustained, our collapse economically was always going to happen. Forget all those rubbish paper projections, if they were built on a solid foundation they would never have collapsed with the fall in oil price. Incase you don't know, local production of a lot of things have picked up, we were once importing beans for your information, our clothing industry has picked up, same with paint, rubber, beverages and a lot of other things which were being imported. As for having money and not spending it, we need to have a certain amount of money in our foreign reserves before multinationals will think of coming here to invest. Incase you don't know Nigeria is a poor nation, we only think we are rich because of the bogus salaries our politicians receive, which is what we should be fighting against. Now is the time, we either sacrifice and get it right or release money for non essential commodities and continue complaining in future. |
Re: Naira Gains As CBN Injects $210m Into FX Market by holyfather(m): 10:55am On Jun 21, 2018 |
sarrki:Shut your dirty trap. How is this supposed to be news? |
Re: Naira Gains As CBN Injects $210m Into FX Market by Bigprick9inches: 12:25am On Jun 22, 2018 |
TalkTalkTwins:no ooo. throw us back to 500/$ |
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