Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs - Business (3)

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Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs (25810 Views)

CBN formalises dollar sales to BDCs as naira improves / Naira Falls To N1, 000/$ In Official Market / Naira Falls To 760/$, Ahead Of Inauguration (2) (3) (4)

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Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Haaland21: 1:47pm On Apr 16

PotatoSalad:
What happens when CBN runs out of the abracadabra they've been doing?

Tell them bro. Better we start telling ourselves the truth. How they're able to achieve this magic without investments and export, how long would it hold

You have refused to learn, and looking at you, you have a closed mind. You lack simple economic knowledge.

Less stress on the naira unlike before. We produce more oil now.

Dangote is giving us aviation fuel and diesel.
More inflow due to our stock exchange. Our stock exchange based on ASI is the best in the world.
No more manipulations from BDC and Binance again

No need educating you.

2 Likes

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Saintinoo(m): 1:49pm On Apr 16

Masterstroke4:

https://leadership.ng/just-in-naira-hits-n1000-ahead-of-cbn-sale-to-bdcs/#:~:text=By%20noon%20on%20Monday%2C%20the,the%20naira%20on%20the%20streets.

There is really nothing to be happy about here, the exchange rate have been fixed back. Only those without knowledge of economics or the exchange rate market will not understand this.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Saintinoo(m): 1:51pm On Apr 16

PressMyButton:

Bro, drop the weed. CBN does not speculate of any kind or fishing for any rates, CBN's rates are determined by trading activities at the foreign exchange market.

Maybe then when the are being floated, the exchange rate have been fixed back, so we expect it to go the way CBN wants.

When the CBN sells dollar to banks and BDCs and determine how much they resell. The naira is now fixed.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by MrPOTUS: 1:52pm On Apr 16

Haaland21:

More than 7 billion dollars paid. Mind u, we have more inflow.
Dangote is bringing
Less demand for dollars compared to before

Celebrate success.

Alaye inflation don hit 40%, u say celebrate undecided

What's d point of all these if d naira is still useless in our market?

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Saintinoo(m): 1:52pm On Apr 16

EreluRoz:
Let's not lie Tinubu is trying, just that he met a disaster on ground . Things he would have to bear for wanting to be president of a messed up country.

Mark this down Tinubu will leave government as a good president.

Things are hard now but it won't be for long.

Take this from my humble self The Erelu Oodua

Trying for fixing the naira back? Come on.

1 Like

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by naturefellow(m): 1:53pm On Apr 16

Bintasukai:

He should add what means nothing to his vocabulary.

You add Prescription of Antipathic Pertubancies to your vocab.

dull leader makes dull followers undecided

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Dittodat: 1:53pm On Apr 16

omoredia:

Keep fooling. If we didn't have fools like u this country will not be the way it is today

It's blatantly obvious that Nigeria is in such a dire state due to zero IQ, shallow retarded imb@cile like you. Any country with a fair amount of retards like you cannot and should not expect any form of serious development. It takes intelligent citizens to have an intelligent society and development.
Condom use could have prevented such cretins like you.

Now STFU and get lost.
BYE

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Saintinoo(m): 1:55pm On Apr 16

Quelme:
Some group of people are in severe pain right now!!!

Cardoso, take your flowers 🌺🌹

If I am made the CBN governor today, and I want the naira to exchange at 500 naira to a dollar, I will comfortably do that.

Just do what he did, get more dollar, sell to BDCs and mandate them to sell at a price, that's all. Its called FIXED exchange rate régime.

1 Like

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by LegendHero(m): 1:55pm On Apr 16

Paramount01:

On taptap yesterday it was #1100

Yes, I checked tap tap again now and it’s still #1100.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by rockyh(m): 1:55pm On Apr 16

socialmediaman:
Keep defending the naira and giving poor Nigerians hope while the rich keep buying up dollar knowing it's just a temporary measure and USD will rise again

The same circle of cluelessness all over again

God bless you for understanding the chess.i will only commend the government if the drastic fall in dollars starts reflecting in every sector of the economy. Has import duty gone down,what has dropped off in the economy it's been over one month since the consistent rise in naira yet nothing has changed. Let's wait until the end of July and see if the dollar will not go back to its old price when the reserve has been fully pushed into the market

1 Like

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Skyehigher1: 1:55pm On Apr 16

Kudos to my president and CBN governor

1 Like

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Niok: 1:58pm On Apr 16

Hopefully it should go down to 200 as buhari met it before

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by IkeIgboNiile(m): 1:58pm On Apr 16

These cheap propaganda isn't helping anyone. Fuel is still high and with the increase in electricity tariff, Nigerians are yet to feel the impact of this so called Naira gain.
We can't continue celebrating mediocrity at our expense. Leave propaganda and work, that's all we ask for.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by PressMyButton: 1:59pm On Apr 16

Saintinoo:

Maybe then when the are being floated, the exchange rate have been fixed back, so we expect it to go the way CBN wants.

When the CBN sells dollar to banks and BDCs and determine how much they resell. The naira is now fixed.

Please swerve, i am allergic to low reasoning.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by achimendy(m): 1:59pm On Apr 16

Masterstroke4:

https://leadership.ng/just-in-naira-hits-n1000-ahead-of-cbn-sale-to-bdcs/#:~:text=By%20noon%20on%20Monday%2C%20the,the%20naira%20on%20the%20streets.

Good one for now.

Let's keep watching.

1 Like

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by michaellovaldo(m): 2:07pm On Apr 16

kay29000:

I doubt it can get that low. Maybe 800, but I doubt it can go down to 500.

Oh ye doubting Thomas, doubt no more wink

I believe this is the first time we can bank on having a functional refinery that is hopefully going to run for a long time, at least that should count for something I believe, coupled with some needed reforms in the banking sector

1 Like

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by ppogba: 2:08pm On Apr 16

Paramount01:

Pls where you base, I always wonder how people says they have not been seeing the impact of the dollar fall, I bought a bag of rice in my area last week Friday at #65000 against #79000. The same with groundnut oil and other things they have started coming down

People will always say they have not seen the impact because:
1. The are perpetually blind to the truth.
2. Most are noise makers that rarely go to the market.
3. They get their oxygen from the bad situation in Nigeria.
4. Most like to regurgitate what others are saying without having the fact

If nothing at all, the price of rice has fallen considerably.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by graceland366: 2:11pm On Apr 16

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Legit way to earn yourself BTC into your wallet. Within 24hours I have gotten 0.0005463

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Freedomman1960: 2:11pm On Apr 16

rockyh:
God bless you for understanding the chess.i will only commend the government if the drastic fall in dollars starts reflecting in every sector of the economy. Has import duty gone down,what has dropped off in the economy it's been over one month since the consistent rise in naira yet nothing has changed. Let's wait until the end of July and see if the dollar will not go back to its old price when the reserve has been fully pushed into the market

Don't wait go and sell your dollar if not Las Las you go cry ......well you myt not even have a dollar account you ppl just wish us bad as a nation even White man knows Naira is undervalued

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by kiddkash(m): 2:12pm On Apr 16

Why did naira have to fall that bad, I had to layoff 3 of my hardworking employees. They were good people.

2 Likes

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Kingzmate(m): 2:12pm On Apr 16

OKAY I GO NEED TO BILL MY CLIENTS HIGHER grin

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by ppogba: 2:12pm On Apr 16

shortgun:
Nonsense
Abeg make we hear word, untill the prices of goods comes down the naira gain is nothing but propaganda

But, it was not propaganda when it got to N1900?

1 Like

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by APOPTOSIS: 2:13pm On Apr 16

EreluRoz:
Let's not lie Tinubu is trying, just that he met a disaster on ground . Things he would have to bear for wanting to be president of a messed up country.

Mark this down Tinubu will leave government as a good president.

Things are hard now but it won't be for long.

Take this from my humble self The Erelu Oodua

Who brought the Disaster upon Nigerians?
Who ensured the Disaster won election in this age?
Who presented the disaster to Nigerians b4 BAT won?
You Guys forget things too quickly.
It's absurd and preposterous.
It's sickening that you have just forgotten the man who handed a dullard to an entire country simply because he used him to bargain for his turn.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by pquaver(m): 2:15pm On Apr 16

EreluRoz:
Let's not lie Tinubu is trying, just that he met a disaster on ground . Things he would have to bear for wanting to be president of a messed up country.

Mark this down Tinubu will leave government as a good president.

Things are hard now but it won't be for long.

Take this from my humble self The Erelu Oodua

My papa sef don dey confess small small.. Lol the man na Obidient to d core but he is beginning to say positive about jagaban.. I go just dey listen, am like na my papa dey talk so? The truth is like pregnancy... He go show las las n obi can never abort it.. Jagaban will succeed take it to the bank.. From The only igbo man standing peter obi cannot deceive.. Na me be dat

2 Likes 1 Share

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Paramount01(m): 2:17pm On Apr 16

LegendHero:

Yes, I checked tap tap again now and it’s still #1100.

So where are they getting all this #950, #900 per dollar they are seeing

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by ppogba: 2:17pm On Apr 16

Freedomman1960:

Don't wait go and sell your dollar if not Las Las you go cry ......well you myt not even have a dollar account you ppl just wish us bad as a nation even White man knows Naira is undervalued

I do not have an adjective to describe you if you believe those empty barrels indeed have any dollar in their custody.

Those who have dollars have access to multiple of information and of course ways to address issues ASAP especially the speculators.

Majority you hear of on social media are mere noise makers.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Saintinoo(m): 2:17pm On Apr 16

PressMyButton:

Please swerve, i am allergic to low reasoning.

It will sound odd to you because you know nothing about exchange rate market.

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by emerged01(m): 2:18pm On Apr 16

socialmediaman:
Keep defending the naira and giving poor Nigerians hope while the rich keep buying up dollar knowing it's just a temporary measure and USD will rise again

The same circle of cluelessness all over again

Reserve depleted by $595m only since Tinubu became president? Did you know how was spent monthly to defend naira monthly during Emefiele? $1.5b monthly with forex backlogs of $7b and with a foreign reserve of $33.3 b. That was a messy situation.
Since you are saying Cardoso is defending naira,how much is he spending month? Remember he cleared forex backlogs of $7b that he inherited.
You want to tell me you dont know that the importation of fuel has reduced by 50%,licensing of BDCs to over 1500 from over 5000 are part of policies that are contributing to naira appreciation.Defending of naira is legal not that type of Emefiele's way of defending naira;pegging offiacial rate at 415naira while black market was 700naira,enriching blood sucking demons through forex.

3 Likes 1 Share

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Paramount01(m): 2:18pm On Apr 16

pquaver:

My papa sef don dey confess small small.. Lol the man na Obidient to d core but he is beginning to say positive about jagaban.. I go just dey listen, am like na my papa dey talk so? The truth is like pregnancy... He go show las las n obi can never abort it.. Jagaban will succeed take it to the bank.. From The only igbo man standing peter obi cannot deceive.. Na me be dat

You be igbo?

1 Like

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by Krankhead: 2:20pm On Apr 16

socialmediaman:
Keep defending the naira and giving poor Nigerians hope while the rich keep buying up dollar knowing it's just a temporary measure and USD will rise again

The same circle of cluelessness all over again

Say good things about your country for once. All what you people want is bad news about the country

1 Like 2 Shares

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by omoredia: 2:21pm On Apr 16

Dittodat:

It's blatantly obvious that Nigeria is in such a dire state due to zero IQ, shallow retarded imb@cile like you. Any country with a fair amount of retards like you cannot and should not expect any form of serious development. It takes intelligent citizens to have an intelligent society and development.
Condom use could have prevented such cretins like you.

Now STFU and get lost.

See mumu. Hunger must wipe ur father out. Yruba Nation Militant Mumu
BYE

Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by PressMyButton: 2:21pm On Apr 16

Saintinoo:

It will sound odd to you because you know nothing about exchange rate market.

Illiterate, pls swerve.

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