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CBN Reinstates 9 Banks Suspended From Forex Market - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Reinstates 9 Banks Suspended From Forex Market (14965 Views)

CBN Suspends 19 Banks From Forex Sale To BDCs / CBN Bars 9 Banks From Forex Market For Unremitted $2.3bn NNPC Funds / Naira Crosses 400/$ Mark At Parallel Market After FX Ban On 9 Banks (2) (3) (4)

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Re: CBN Reinstates 9 Banks Suspended From Forex Market by paulchucks: 5:48pm On Aug 31, 2016
the cbn gov and some directors at the apex bank should be sacked why not use other options like threatening the board of directors of those banks or the chairman with sack instead of this trial and error now all the goods i sold in my shop i have to put extra amount of money to buy another one just this one week that they made this announcement and dollar was on the high side i think the cbn gov and some elites are making profit from our suffering and are deliberately pushing the dollar high to make profit emir sanusi just gave us an insight

1 Like

Re: CBN Reinstates 9 Banks Suspended From Forex Market by geosegun(m): 5:48pm On Aug 31, 2016
NavierStokes:
Penny wise pound foolish approach of the CBN, why didn't they explore all options before making their hurried announcements forgetting that we are in a recession, markets are driven by sentiments, prices in Nigeria are generically "uni-directional", the reason every price that goes up hardly returns to its initial position.

Imagine outing off these banks as well as intl funds transfer agencies at the same time only for them to reinstate them all a week later.

Someone is deliberately pushing these prices higher, motive, I have no idea but for sure it's deliberate.

Re: CBN Reinstates 9 Banks Suspended From Forex Market by Nobody: 5:49pm On Aug 31, 2016
The CBN Governor is a Banker not an Economist.. he is also a very Biblical Person in the mould of awon Redeemed. Not surprised he is getting his biblical advise from Enoch himself grin grin grin grin this recession is hitting churches the worst
Re: CBN Reinstates 9 Banks Suspended From Forex Market by DanielPop(m): 6:09pm On Aug 31, 2016
undecided

Re: CBN Reinstates 9 Banks Suspended From Forex Market by AreaFada2: 6:19pm On Aug 31, 2016
Qmerit:


who appoint the current CBN Gov pls?
And if he has been kicked out what song would you have sang ?

So you believe the Aso dictator allows this man to do his work at CBN? And Buhari has not approached NASS to remove him since?Hehehehe. cheesy grin

My only grouse with CBN gov is not resigning from his position knowing that he cannot work under an undemocratic president. But that is normal to sit tight in 9ja.


He has northernised the system already, kicked out 5%ers and refused to appoint them. Except to fulfil all righteousness. What difference will it make?

1 Like

Re: CBN Reinstates 9 Banks Suspended From Forex Market by TheGoodJoe(m): 6:30pm On Aug 31, 2016
NameChecker:


What will now happen to these cash since they've been returned? undecided



No cash returned. Repayment plans of the Banks accepted.

If it was before, this money will enter voice-mail.
Re: CBN Reinstates 9 Banks Suspended From Forex Market by TheGoodJoe(m): 6:32pm On Aug 31, 2016
Miles300:
Have never seen nigeria so dis organise like this in my entire life , decision making is poor , policy making poor , nothing seems to be working , everything seems like a joke , even at the Olympics games it was from one embarrassment to the other , no form of organization .everything seem nosediving ,it's high time mr president step aside , let dem call for fresh elections cos it's obvious they av ran out of ideas , before nigeria will start depending on foreign aid for survival

You feel organization is when the Government allows Banks to keep the Nation's dividends?
Re: CBN Reinstates 9 Banks Suspended From Forex Market by veekid(m): 6:33pm On Aug 31, 2016
Abeg release Skye Bank make dem pay salary o; month don end now
Re: CBN Reinstates 9 Banks Suspended From Forex Market by AreaFada2: 6:34pm On Aug 31, 2016
Miles300:
It's cbn now the ministry of finance , growing up as a kid I hear Cbn often . But this days u hear the name every minutes , what has happen to the ministry of finance why aren't they active in turning d economy of the nation .. It has alys been the Cbn bringing out policies every week

When we said Adeosun has no gravitas and will be a "yes woman" to Buhari, we were called Tanoids. All she does is timidly speak " phonair". grin

It seems as if ministry of finance does not exist in 9ja.
Re: CBN Reinstates 9 Banks Suspended From Forex Market by NameChecker: 6:35pm On Aug 31, 2016
TheGoodJoe:


No cash returned. Repayment plans of the Banks accepted.

If it was before, this money will enter voice-mail.

Re: CBN Reinstates 9 Banks Suspended From Forex Market by robosky02(m): 6:47pm On Aug 31, 2016
NavierStokes:
Penny wise pound foolish approach of the CBN, why didn't they explore all options before making their hurried announcements forgetting that we are in a recession, markets are driven by sentiments, prices in Nigeria are generically "uni-directional", the reason every price that goes up hardly returns to its initial position.

Imagine puting off these banks as well as int'l funds transfer agencies at the same time only to reinstate them all a week later.

Someone is deliberately pushing these prices higher, motive, I have no idea why, but for sure it's deliberate.



just there head

A P C

1 Like

Re: CBN Reinstates 9 Banks Suspended From Forex Market by thegoodjoehunt3(m): 6:54pm On Aug 31, 2016
AreaFada2:


When we said Adeosun has no gravitas and will be a "yes woman" to Buhari, we were called Tanoids. All she does is timidly speak " phonair". grin

It seems as if ministry of finance does not exist in 9ja.

You prefer Ngozi Okonjo-Iweala who says Yes sir and helps siphon our Dividends.

If these banks took the money, Ngozi Okonjo-Iweala will give us voodoo economics why the Banks deserve the money
.
Re: CBN Reinstates 9 Banks Suspended From Forex Market by Krismart(m): 7:10pm On Aug 31, 2016
Moral lesson: Never underrate the importance of education. No matter how clever u think u are if you not educated, oga u remain an illitrate. Buhari is a case study

1 Like

Re: CBN Reinstates 9 Banks Suspended From Forex Market by PaulIdu: 7:50pm On Aug 31, 2016
NavierStokes:
Penny wise pound foolish approach of the CBN, why didn't they explore all options before making their hurried announcements forgetting that we are in a recession, markets are driven by sentiments, prices in Nigeria are generically "uni-directional", the reason every price that goes up hardly returns to its initial position.

Imagine puting off these banks as well as int'l funds transfer agencies at the same time only to reinstate them all a week later.

Someone is deliberately pushing these prices higher, motive, I have no idea why, but for sure it's deliberate.


That's the typical Buhari way of doing things ..nothing is ever properly thought out
Re: CBN Reinstates 9 Banks Suspended From Forex Market by NavierStokes(m): 8:07pm On Aug 31, 2016
PaulIdu:


That's the typical Buhari way of doing things ..nothing is ever properly thought out

The guy is doing a good job of eroding all the goodwill he initially enjoyed. Talk about confusion, we have a clear example.

1 Like

Re: CBN Reinstates 9 Banks Suspended From Forex Market by tunde1200(m): 8:21pm On Aug 31, 2016
i like GTBank you will not find them on this list.
Re: CBN Reinstates 9 Banks Suspended From Forex Market by emmykk(m): 8:26pm On Aug 31, 2016
GossipHeart:
$1 is currently 410 naira

Click like if you want $1 to exchange for 900 naira
Click share if you want $1 to exchange for 200 naira
i hatebuhari but your like if i want the dollar to be N900 is very unpatriotic...

maybe you dey eat mama thank you.otherwise if you dey pay rent,feed family,buy everything at home you wont come here to conjure bad prayer

1 Like

Re: CBN Reinstates 9 Banks Suspended From Forex Market by crisycent: 9:48pm On Aug 31, 2016
Confused government.
Re: CBN Reinstates 9 Banks Suspended From Forex Market by Boss13: 10:35pm On Aug 31, 2016
NavierStokes:
Penny wise pound foolish approach of the CBN, why didn't they explore all options before making their hurried announcements forgetting that we are in a recession, markets are driven by sentiments, prices in Nigeria are generically "uni-directional", the reason every price that goes up hardly returns to its initial position.

Imagine puting off these banks as well as int'l funds transfer agencies at the same time only to reinstate them all a week later.

Someone is deliberately pushing these prices higher, motive, I have no idea why, but for sure it's deliberate.


I like your thought process. What we have now is a useless, lying and uncaring government. The worst of it kind, even Abacha regime was not as bad as this

1 Like

Re: CBN Reinstates 9 Banks Suspended From Forex Market by AreaFada2: 1:53am On Sep 01, 2016
thegoodjoehunt3:


You prefer Ngozi Okonjo-Iweala who says Yes sir and helps siphon our Dividends.

If these banks took the money, Ngozi Okonjo-Iweala will give us voodoo economics why the Banks deserve the money
.

Well so far, we hear about siphoning money, where is the hard evidence? Considering APC/Buhari came to power wearing anti-corruption Toga, where are the convictions?

Who are the so-called looters & how much did each return? Is it because they are ashamed to admit they accused people anyhow just to get into power? Or the new APC squad quietly pocketed returned loot?

Why is it that only Sambo Dasuki who arrested the tyrant 33 years ago when he was kicked out was being terrorised, and Buratai in charge of military procurement has been declared saint? Oh, he used proceeds from snake farm to buy properties in Dubai! grin cheesy grin cheesy

Under Ngozi's first coming, our foreign debts were cancelled, second time, we became Africa's biggest economy. And under Adeosun, we are now in a recession & our country the worst performing economy worldwide.

Instead of Buhari & co to dust up secondary school books on economics, they are pointing fingers at GEJ & NOI. Is that all they are going to do in 4 years and commission projects started and paid for by GEJ? Blaming everybody else but themselves? If they demonised GEJ & rubbished our economy under GEJ, why did they accept the mandate if they cannot at least maintain the economic growth they inherited?

When will he stabilise oil price in the world market & make One Naira = one dollar? grin cheesy
Re: CBN Reinstates 9 Banks Suspended From Forex Market by 2ts: 6:34am On Sep 01, 2016
The banks are more influential than CBN and the FGN.
Re: CBN Reinstates 9 Banks Suspended From Forex Market by Qmerit(m): 7:41am On Sep 01, 2016
AreaFada2:


So you believe the Aso dictator allows this man to do his work at CBN? And Buhari has not approached NASS to remove him since?Hehehehe. cheesy grin

My only grouse with CBN gov is not resigning from his position knowing that he cannot work under an undemocratic president. But that is normal to sit tight in 9ja


He has northernised the system already, kicked out 5%ers and refused to appoint them. Except to fulfil all righteousness. What difference will it make?




Lol you make me laugh so hard...
No one is a dictator in democracy,
If PMB has make any move to remove CBN
Gov via NASS you think no one would ve heard of it knowing how little secret is blown under NASS? JUST accept CBN gov is a failure
Re: CBN Reinstates 9 Banks Suspended From Forex Market by AreaFada2: 8:12am On Sep 01, 2016
Qmerit:



Lol you make me laugh so hard...
No one is a dictator in democracy,
If PMB has make any move to remove CBN
Gov via NASS you think no one would ve heard of it knowing how little secret is blown under NASS? JUST accept CBN gov is a failure

Chai. Na wa o. Education these days na wa. Let me use pidgin then: if to say all this yeye policies na cbn gov use im mind dey do am, wey nor be oga dictator send am, you think say oga for never go tell NASS say he wan sack am? grin

I hope u understand that better.
If no dictator in democracy, how come Democratic People 's Republic of Korea have a dictator? In their mind they have democracy, you know. Just like you think.
Re: CBN Reinstates 9 Banks Suspended From Forex Market by Qmerit(m): 8:18am On Sep 01, 2016
AreaFada2:


Chai. Na wa o. Education these days na wa. Let me use pidgin then: if to say all this yeye policies na cbn gov use im mind dey do am, wey nor be oga dictator send am, you think say oga for never go tell NASS say he wan sack am? grin

I hope u understand that better.
If no dictator in democracy, how come Democratic People 's Republic of Korea have a dictator? In their mind they have democracy, you know. Just like you think.

Pls am off to work.. if you ve one get ready and go it's too early for a fight. Thanks/ peace
Re: CBN Reinstates 9 Banks Suspended From Forex Market by Nobody: 11:06am On Sep 01, 2016
Jirate:
Useless CBN, Useless Government, Useless APC, add yours if you care..... cool

Hahaha. True!

1 Like

Re: CBN Reinstates 9 Banks Suspended From Forex Market by thegoodjoehunt3(m): 11:15am On Sep 01, 2016
AreaFada2:


Well so far, we hear about siphoning money, where is the hard evidence? Considering APC/Buhari came to power wearing anti-corruption Toga, where are the convictions?

Who are the so-called looters & how much did each return? Is it because they are ashamed to admit they accused people anyhow just to get into power? Or the new APC squad quietly pocketed returned loot?

Why is it that only Sambo Dasuki who arrested the tyrant 33 years ago when he was kicked out was being terrorised, and Buratai in charge of military procurement has been declared saint? Oh, he used proceeds from snake farm to buy properties in Dubai! grin cheesy grin cheesy

Under Ngozi's first coming, our foreign debts were cancelled, second time, we became Africa's biggest economy. And under Adeosun, we are now in a recession & our country the worst performing economy worldwide.

Instead of Buhari & co to dust up secondary school books on economics, they are pointing fingers at GEJ & NOI. Is that all they are going to do in 4 years and commission projects started and paid for by GEJ? Blaming everybody else but themselves? If they demonised GEJ & rubbished our economy under GEJ, why did they accept the mandate if they cannot at least maintain the economic growth they inherited?

When will he stabilise oil price in the world market & make One Naira = one dollar? grin cheesy
[size=14pt]
Okonjo-Iweala: I paid Dasuki $322m from Abacha fund[/size]


Former Minister of Finance Ngozi Okonjo Iweala yesterday said she had paid former National Security Adviser to the President, Col Sambo Dasuki (rtd) $322m (about N63billion) from recovered Abacha funds to finance military operations.

http://www.dailytrust.com.ng/news/general/okonjo-iweala-i-paid-dasuki-322m-from-abacha-fund/123639.html

Stealing recovered stolen Funds.
Re: CBN Reinstates 9 Banks Suspended From Forex Market by AreaFada2: 11:22am On Sep 01, 2016
thegoodjoehunt3:

[size=14pt]
Okonjo-Iweala: I paid Dasuki $322m from Abacha fund[/size]


Former Minister of Finance Ngozi Okonjo Iweala yesterday said she had paid former National Security Adviser to the President, Col Sambo Dasuki (rtd) $322m (about N63billion) from recovered Abacha funds to finance military operations.

http://www.dailytrust.com.ng/news/general/okonjo-iweala-i-paid-dasuki-322m-from-abacha-fund/123639.html

Stealing recovered stolen Funds.

Any convictions? It is all allegations as we speak. Daily trust is owned by who?
Re: CBN Reinstates 9 Banks Suspended From Forex Market by thegoodjoehunt3(m): 11:30am On Sep 01, 2016
AreaFada2:


Any convictions? It is all allegations as we speak. Daily trust is owned by who?

Na wa. Ngozi Okonjo-Iweala said she gave, you are talking Daily Trust. Are you arguing with her? She released the statement herself and you are arguing.
Re: CBN Reinstates 9 Banks Suspended From Forex Market by thegoodjoehunt3(m): 11:32am On Sep 01, 2016
AreaFada2:


Any convictions? It is all allegations as we speak. Daily trust is owned by who?
[size=17pt]I paid Dasuki $322m from Abacha fund
[/size]


It seems you did not read it well. Ngozi Okonjo-Iweala said she paid.
Re: CBN Reinstates 9 Banks Suspended From Forex Market by AreaFada2: 11:45am On Sep 01, 2016
thegoodjoehunt3:


Na wa. Ngozi Okonjo-Iweala said she gave, you are talking Daily Trust. Are you arguing with her? She released the statement herself and you are arguing.
The same money from which was used to buy SUVs for Buhari and others, bah? grin grin cheesy
Re: CBN Reinstates 9 Banks Suspended From Forex Market by Nobody: 5:04pm On Sep 01, 2016
Qmerit:


who appoint the current CBN Gov pls?
And if he has been kicked out what song would you have sang ?

His policies brought death to the forex market, eight from increasing the capital bases of BDCs to banning them selling dollars, what do yiu expect?

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