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Nairaland Forum / Nairaland / General / Business / CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate (60300 Views)
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Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Frezhkid10(m): 1:40pm On Jun 14, 2023 |
mrvitalis:The people getting the dollar at the official rate..are the really using the dollar to import fuel or they are round tripping it??.. Just so you know it’s easier for me to round trip the dollar and make cool cash than to follow the route of stress to import fuel and still the same profit or less than round tripping.. 4 Likes 2 Shares |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by mikeapollo: 1:40pm On Jun 14, 2023 |
HonNL: This Tinubu wil destroy Nigeria if care is not taken! All this media hype will not save Nigeria and Nigerians by the time he is done with his crazy capitalist policies. The more the naira loses value, the more Tinubu and his cronies become richer, and the masses become poorer! Some idiots are still praising him for this destructive policy! 3 Likes 2 Shares |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by aklid(m): 1:40pm On Jun 14, 2023 |
Mark my words, this policy is a bad on Very very bad one…don’t forget most of our citizens are greedy fuckers…there’s no way the dollar is going down now…brave y’all selves people 1 Like |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by scrupulousblog: 1:43pm On Jun 14, 2023 |
No one that steals political power will use it for the good of the people. 2 Likes 1 Share |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by TsbAfrica: 1:44pm On Jun 14, 2023 |
Tntsi:all those who liked this are from venisWailer! Jagaban of borgu is on the move !!!! Wailing is free !!! 2 Likes 1 Share |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by caracas: 1:47pm On Jun 14, 2023 |
Globad:you ppl have started again with your jagbjajantis analysis. Same nonsense you ppl said when the failure in chief was establishing draconian policies. Las las we all know how it ended… 2 Likes |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by pannyman(m): 1:47pm On Jun 14, 2023 |
Fake news. |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by ChybuzzDD(m): 1:48pm On Jun 14, 2023 |
Lyrics269: I hope you understand what that means, this ass-licking boy?? With this arrangement, the exchange rate can now freely go as far as #1000/$ because the problem of shortage(poor supply) hasn't been solved and can't be solved by the government. Or do you think Tiefnubu will be stealing dollars abroad and trafficking to Nigeria? 3 Likes 1 Share |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by pocom35: 1:48pm On Jun 14, 2023 |
Globad: This won't encourage more forex inflow .. This is the very worst thing to happen..I hope it is fake news.. This means CBN be have not business defending the currency once it takes a free fall 1 Like |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by 9jaRealist: 1:49pm On Jun 14, 2023 |
Globad: Yes, Tinubu may well be a DRUG BARON… But this is exactly the CORRECT forex policy. Hopefully, his successor will continue it. > 1 Like |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Ebubu2: 1:49pm On Jun 14, 2023 |
JaskanFactor:too late. If you go to buy naira now, banks will give it at same rate with black market, if you go black market, same thing. So kukuma hold your naira. taking advantage of dollar or Dollar arbitrage is over 3 Likes |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Igwe9(m): 1:49pm On Jun 14, 2023 |
They should simply say that they want to devalue the naira officially. It is still better than Buhari wicked policies 2 Likes |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by MasterTeeUSA: 1:50pm On Jun 14, 2023 |
Diaspora will soon start sending in dollars through the banks. Lots of money laundering going on backdoor. Naija will pay Naira into accounts, same will save dollars equivalent in US banks.. buy at Emefiele rate and transact to desperate people for more...lots of scams HonNL: |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by 9jaRealist: 1:50pm On Jun 14, 2023 |
Globad: Yes, Tinubu may well be a drug baron… But this is the CORRECT forex policy for Nigeria. Hopefully, his successor will continue it. > |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by ChybuzzDD(m): 1:50pm On Jun 14, 2023 |
Globad: Where will the more inflow come from?? You guys are so annoying and ignorant 3 Likes 1 Share |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by GboyegaD(m): 1:51pm On Jun 14, 2023 |
Globad: In what backdrop are you anticipating the long run appreciation of naira? A country where everything is imported with very little exports. Hopefully, local production will be encouraged and this to a large extent is a welcomed development. 1 Like |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by MasterTeeUSA: 1:51pm On Jun 14, 2023 |
Hmmm let's wait before conspiracy starts Frezhkid10: 1 Like |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by ogaontop(m): 1:51pm On Jun 14, 2023 |
Globad:It appreciates in the long run only when you have enough supply directly to those who need it, not the one BDC's and Banks will hoard and give to the highest bidder or whom they like! Forget this country bro, they will hoard it to the fullest, push up the price entirely and sell! 1 Like |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by LANRYUS(m): 1:51pm On Jun 14, 2023 |
Tntsi: This is the most pained obedient ever 1 Like 1 Share |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Allisgud: 1:52pm On Jun 14, 2023 |
Let it start manifest on the everyday life of the common Nigerians,orderwise it's just a lamba 1 Like |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Ventura1: 1:54pm On Jun 14, 2023 |
This is the best period PBAT can test all this policies. People can still reason and accommodates them. 1 Like 1 Share |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by ChybuzzDD(m): 1:54pm On Jun 14, 2023 |
Redoil: Those guys don't understand anything. Don't waste your precious time on them. 1 Like |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by nedekid: 1:55pm On Jun 14, 2023 |
hardywaltz:This is more like an appropriate response. "let's see as it goes" Not the fellows shouting in euphoria, thinking some master stroke has been made. People that do not know if it goes south, more poverty will spread due to the loss of purchasing power. 3 Likes 1 Share |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Omenlon: 1:55pm On Jun 14, 2023 |
Tntsi:Oga you never moved on? Even Peter Obi is planning to join the agbado camp and you are here crying like a little baby. |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by pocom35: 1:56pm On Jun 14, 2023 |
JuanDeDios: It will not .. y'all should stop acting dull... And Inconsistent forex rate will affect every imported goods.. It means you can buy fuel for N500 today and N1500 next week 1 Like 1 Share |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by MondayOsunbor(m): 1:58pm On Jun 14, 2023 |
HonNL: Dollar is 800 Naira ! are we bewitched in this Country we are buying fuel is 600 Naira are we cursed in this country and APC is still in Power! we should chase this people away already Lord 1 Like |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Hassanmaye(m): 1:58pm On Jun 14, 2023 |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Basic123: 1:58pm On Jun 14, 2023 |
Globad:Those people are fools and subhumans This pethief OBI didn't release his manifestos unyilla month after Tinubu releases his manifestos How can a whole movement ot Tribe thrives on LIES! |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by HayB100(m): 1:58pm On Jun 14, 2023 |
Tntsi:Lol, sorry ehn, I know say e no easy, but na so you go cry for the next 8 years, chai, o ma she o 😜😜😜🤣🤣🤣 |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by Donshegxy10(m): 1:59pm On Jun 14, 2023 |
Tntsi: I hope you will not kill yourself before four years, it is still early. |
Re: CBN Floats Naira - Allows Banks To Trade FOREX Freely At Any Rate by RomanGreen: 1:59pm On Jun 14, 2023 |
Lyrics269: You're a complete nuisance, the understand the economic implications of this or you're bereft of ideas like your folks or you just want to flow with the jagaban bandwagon? Sometimes don't expose your ignorance, the stench is nauseating. 2 Likes |
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