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CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate - Business (2) - Nairaland

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Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by inoki247: 1:01pm On Jun 14, 2023
Good...
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by STEWpid(f): 1:01pm On Jun 14, 2023
Chai..

Reformation.
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Dexpro: 1:01pm On Jun 14, 2023
Fingers crossed
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Blaze14k: 1:01pm On Jun 14, 2023
Lyrics269:
Baba tinubu is the right man.
Only him can restore what the worms have eaten

I hope you know naira will be devalued more. So brace up for more hardship.

3 Likes

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Globad(f): 1:02pm On Jun 14, 2023
Redoil:
sorry to ask you
do you understand the basic economics of international trade in relation to FX?

Yes. I do

4 Likes

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Ogene001: 1:02pm On Jun 14, 2023
Globad:


When did Obi say this?

Obi that supported the currency confiscation programme?
This olodo didn't follow the campaigns

2 Likes

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Redhot0007: 1:02pm On Jun 14, 2023
A worm to restore what worms ate?
Lyrics269:
Baba tinubu is the right man.
Only him can restore what the worms have eaten

1 Like

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by dazzlingd(m): 1:02pm On Jun 14, 2023
Globad:
Hope people can now see what is meant by purposeful and deliberate leadership

With this policy, more foreign exchange inflow will come in. Naira may depreciate in the short run but it will appreciate in the long run

Can you explain further how this won’t crash the naira permanently

1 Like

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Redoil: 1:02pm On Jun 14, 2023
Globad:


Exactly

Dollar hoarders will offload

Speculators will offload

Foreign investors will come in

no wise dollar hoarders will offload knowing very well that with tinubu dollars will get to 2000 for no reason
sorry to ask you
do you understand the basic economics of international trade in relation to FX?

4 Likes

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by rottennaija(m): 1:04pm On Jun 14, 2023
OfoIgbo:
It seems as though Tinubu has abandoned his Agbado proposals, and decided to settle for proposals marshaled out by Peter Obi during the campaign season.

That is good news.

I do hope they totally destroy those initial proposals by Tinubu to recruit 50 millions youths into the army and feed them agbado.

Go get a life.

7 Likes 1 Share

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Lyrics269: 1:04pm On Jun 14, 2023
Redhot0007:
A worm to restore what worms ate?
Obidient spotted

4 Likes

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by LegendHero(m): 1:04pm On Jun 14, 2023
OfoIgbo:
It seems as though Tinubu has abandoned his Agbado proposals, and decided to settle for proposals marshaled out by Peter Obi during the campaign season.

That is good news.

I do hope they totally destroy those initial proposals by Tinubu to recruit 50 millions youths into the army and feed them agbado.


Lol Peter Obi wey no get manifesto self dey claim proposal.

Tinubu released his manifesto first and this was captured in it.

Jagaban is in the league of Awolowo genuis, Peter Obi couldn’t even lace the shoes of a local government chairman in Lagos.

Imagine Tinubu have done more structural policy in Nigeria in just 2 weeks that all previous president combined since 1999.

Fuel subsidy, gone
Disparity inexchange rate, gone

22 Likes 1 Share

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Redoil: 1:05pm On Jun 14, 2023
Globad:


Yes. I do

let us assume you then do you think any wise dollar hoarders will offload knowing very well that with tinubu dollars will get to 2000 for no reason

1 Like

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by BarrElChapo(m): 1:05pm On Jun 14, 2023
Redoil:
sorry to ask you
do you understand the basic economics of international trade in relation to FX?

Please it seems you understand these economic jargons can you help me understand, especially the negative effects of this policy and it’s long term impact?

3 Likes

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by twilliamx(m): 1:05pm On Jun 14, 2023
Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.

Keep living in the past. People are already taking advantage of the new policies be there wailing and let good things pass you by

10 Likes 1 Share

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by PJ123: 1:06pm On Jun 14, 2023
Jorussia:
This should have been done a long time ago.
Three economic oddities that have bled this
country for the past 3 years are about to end.
Fuel subsidy,multiple corrupt fx,and hopefully
Organised crude oil theft that has made us
Lose billions of dollars are buried in first two months of PBAT administration. PMB really brought the standard of so low,that many people began to think that everybody in APC are idiots like buhari.I pray the Lord help PBAT
to achieve uncommon success in the economy and security of this country in Jesus name Amen.

Amen in Jesus name

2 Likes

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by obembet(f): 1:06pm On Jun 14, 2023
Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.

Which one u want appreciate or believe... Must u condemn everything?

10 Likes 1 Share

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by OLOKOESHIN: 1:06pm On Jun 14, 2023
Jorussia:
This should have been done a long time ago.
Three economic oddities that have bled this
country for the past 3 years are about to end.
Fuel subsidy,multiple corrupt fx,and hopefully
Organised crude oil theft that has made us
Lose billions of dollars are buried in first two months of PBAT administration. PMB really brought the standard of so low,that many people began to think that everybody in APC are idiots like buhari.I pray the Lord help PBAT
to achieve uncommon success in the economy and security of this country in Jesus name Amen.
Please explain well, does this mean we can eventually use our debit cards to buy and sell dollars directly from any crypto platform

2 Likes

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Mase2020g(m): 1:07pm On Jun 14, 2023
Blood
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by imam07: 1:07pm On Jun 14, 2023
Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.
I am not say this policy will favor a common man or not but as I see u people attitudes, it shows you are even pray he should not succeed with his govt. I pray whatever what u have against this govt will befall u people. Even if his policies favor us, u still will not be happy about it. You are all doing yourself with this evil minded of yours. Everyone have move on even most Obidients. Most of u people have stop posting drug allegations against tinubu an Facebook and Twitter because of d fear of DSS. U are now on nairaland talking rubbish.

22 Likes 1 Share

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Jd10k(m): 1:08pm On Jun 14, 2023
OfoIgbo:
It seems as though Tinubu has abandoned his Agbado proposals, and decided to settle for proposals marshaled out by Peter Obi during the campaign season.

That is good news.

I do hope they totally destroy those initial proposals by Tinubu to recruit 50 millions youths into the army and feed them agbado.
You mean Asiwaju has embraced the buying and selling, importation and Naira confiscation Economy policy of Peter Obi😏😏.

10 Likes 2 Shares

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Ambitious21: 1:08pm On Jun 14, 2023
Redoil:
sorry to ask you
do you understand the basic economics of international trade in relation to FX?

Stop the copy and paste.

You know nothing about it...

7 Likes 1 Share

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Diddycsbsb: 1:09pm On Jun 14, 2023
Uncircumcised Junkies

Brain Washing another Uncircumcised Junkies.


Chai Nigeria nah one chance

1 Like

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by rajiedreez: 1:09pm On Jun 14, 2023
Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.


Which people exactly?

7 Likes 1 Share

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Braun007: 1:09pm On Jun 14, 2023
Did he not help unleash the worms?
Lyrics269:
Baba tinubu is the right man.
Only him can restore what the worms have eaten
Baba Tinubu to the world

2 Likes 1 Share

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Redoil: 1:10pm On Jun 14, 2023
Ambitious21:


Stop the copy and paste.

You know nothing about it...
sorry for you for thinking everybody is either tunbu or buhari

1 Like

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by imam07: 1:10pm On Jun 14, 2023
OfoIgbo:
It seems as though Tinubu has abandoned his Agbado proposals, and decided to settle for proposals marshaled out by Peter Obi during the campaign season.

That is good news.

I do hope they totally destroy those initial proposals by Tinubu to recruit 50 millions youths into the army and feed them agbado.
Obidients have changed their narrations again. So to u now, it is Obi ruling now

3 Likes 1 Share

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Godstiger(m): 1:10pm On Jun 14, 2023
Lyrics269:
Baba tinubu is the right man.
Only him can restore what the worms have eaten
Baba Tinubu to the world
You mean the worms he was busy praising for the past 8 years while they eat away everything just because he aspire to become a better worm afterward

1 Like 1 Share

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Nightwolf1: 1:11pm On Jun 14, 2023
Untill you find out how much is a dollar to naira don't jubilate yet. I'm sensing economic doom.

2 Likes

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by TheGoodJoe(m): 1:11pm On Jun 14, 2023
Without the Government doing the right things to keep the economy booming, the naira will tank, with worse exchange rate. This will cause massive inflation. However, if the Government channel resources to the right channels, making small industries grow (not Dangote), we can see an improved rate. Let us hope the government chooses the later.

11 Likes

Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by IgbosNIGHTMARE: 1:11pm On Jun 14, 2023
Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.
Or deh grin
Frustration no good o
So which of una manhood did he steal? Obi or Atiku?
When will you have SENSE?

7 Likes 1 Share

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