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Nairaland Forum / Nairaland / General / Business / Naira Drops, As BVN Paralyses Forex Market (24504 Views)
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Naira Drops, As BVN Paralyses Forex Market by cuvox(m): 7:31am On Nov 05, 2015 |
source www.vanguardngr.com/2015/11/naira-drops-as-bvn-paralyses-forex-market/ CC lalasticlala ishilove 2 Likes |
Re: Naira Drops, As BVN Paralyses Forex Market by kelvine(m): 8:01am On Nov 05, 2015 |
This BVN ish causing confusion since it was introduced. 11 Likes 1 Share |
Re: Naira Drops, As BVN Paralyses Forex Market by Nobody: 12:28pm On Nov 05, 2015 |
great "...most of them moved to the black market for their foreign exchange needs." So many illegal businesses in Nigeria 1. The next thing is to remove double zeros in Naira, so that N1 equals $1 2. This approach is better than the previous government's led by Jonathan Goodluck, PhD. 3. In the past CBN was interested in injecting cash into circulation...new naira notes i.e N1,000, N500 and N100. The true picture of the economy was relatively unknown. 16 Likes 2 Shares |
Re: Naira Drops, As BVN Paralyses Forex Market by kinglord(m): 12:29pm On Nov 05, 2015 |
k |
Re: Naira Drops, As BVN Paralyses Forex Market by gurunlocker: 12:29pm On Nov 05, 2015 |
no good news about the economy since may 29 naira fall, sack, fine, removal from forex, no investors. God bless Nigeria 39 Likes 5 Shares |
Re: Naira Drops, As BVN Paralyses Forex Market by Icecomrade: 12:29pm On Nov 05, 2015 |
The office of the CBN governor has been vacant since the Removal of Sanusi Lamido Sanusi. Emiefule is one big mistake. Despite all his stupid stringent policies FX, naira has not gained any meaningful appreciation rather it keeps depreciating. I miss SLS 16 Likes |
Re: Naira Drops, As BVN Paralyses Forex Market by Nobody: 12:29pm On Nov 05, 2015 |
Nigerians should prepare for hardtimes which will be shortlived afterwhich we will experience unprecedented growth and progress. Because surely, after the raggae comes the blues 23 Likes |
Re: Naira Drops, As BVN Paralyses Forex Market by Tenim47(m): 12:30pm On Nov 05, 2015 |
In Nigeria |
Re: Naira Drops, As BVN Paralyses Forex Market by Nobody: 12:31pm On Nov 05, 2015 |
So BVN is now affecting the value of naira against the dollar? 2 Likes |
Re: Naira Drops, As BVN Paralyses Forex Market by prinsam30: 12:31pm On Nov 05, 2015 |
Lord have mercy, not again |
Re: Naira Drops, As BVN Paralyses Forex Market by Truth234(m): 12:32pm On Nov 05, 2015 |
Everything in Nigeria lack logic, no proper planning. God! 4 Likes |
Re: Naira Drops, As BVN Paralyses Forex Market by fanysteve: 12:32pm On Nov 05, 2015 |
sai baba |
Re: Naira Drops, As BVN Paralyses Forex Market by Fkforyou(m): 12:32pm On Nov 05, 2015 |
You say wetin.....? |
Re: Naira Drops, As BVN Paralyses Forex Market by Nobody: 12:32pm On Nov 05, 2015 |
Nigerians hate good things and would rather destroy the whole nation than give in to simple instructions. 8 Likes 2 Shares |
Re: Naira Drops, As BVN Paralyses Forex Market by themonk(m): 12:33pm On Nov 05, 2015 |
CHANGE IS HERE, AFFECTING ALL AREAS OF OUR ECONOMY. 12 Likes |
Re: Naira Drops, As BVN Paralyses Forex Market by Pascal181: 12:33pm On Nov 05, 2015 |
Naira sef! Any little thing na to drop. By d way,when will buhari make 1$ equal 1#. 10 Likes |
Re: Naira Drops, As BVN Paralyses Forex Market by Misterlaby: 12:34pm On Nov 05, 2015 |
Oh no.. Not again |
Re: Naira Drops, As BVN Paralyses Forex Market by stevealibi: 12:35pm On Nov 05, 2015 |
Bad news 4dem dah exchange naira 4 dollars |
Re: Naira Drops, As BVN Paralyses Forex Market by jomoh: 12:35pm On Nov 05, 2015 |
This is no problem. It is expected. When the dollar in circulation finishes, they will have no choice than to go back to the BDCs but before then, the BDCs will have to sell at a cheap rate to attract customers. BTW if they have no skeleton in their cupboard then why the fear. The guilty will always run when no one is chasing him. #FearOfTheUnknown 6 Likes |
Re: Naira Drops, As BVN Paralyses Forex Market by Vision4God: 12:35pm On Nov 05, 2015 |
Bvn....... bvn |
Re: Naira Drops, As BVN Paralyses Forex Market by Morkavictor: 12:37pm On Nov 05, 2015 |
Still waiting for #1=$1 3 Likes |
Re: Naira Drops, As BVN Paralyses Forex Market by coldsummer: 12:37pm On Nov 05, 2015 |
We never think about the consequences of our actions. |
Re: Naira Drops, As BVN Paralyses Forex Market by teemy(m): 12:37pm On Nov 05, 2015 |
it is short term as the lesser demand for bdc would create lesser pricing of the dollar. just a spike in the wrong direction. 2 Likes |
Re: Naira Drops, As BVN Paralyses Forex Market by SmartProf(m): 12:38pm On Nov 05, 2015 |
If naira is giving us issues, why cant we revert to kobo |
Re: Naira Drops, As BVN Paralyses Forex Market by Kx: 12:38pm On Nov 05, 2015 |
Come to think of it, does it mean I ll submit my BVN to a BDC operator while buying dollars from them? Is dat not worse than submitting to an online click away scammer? So, how are we sure the BDC operators are not BVN bank for fraudulent purposes? CBN managing Nigerian economy as if it's a economy of highly educated 100 peopled population. 2 Likes |
Re: Naira Drops, As BVN Paralyses Forex Market by kennyman2000(m): 12:38pm On Nov 05, 2015 |
Hmmmm.. |
Re: Naira Drops, As BVN Paralyses Forex Market by Vaxt(m): 12:38pm On Nov 05, 2015 |
people wey this bvn go affect. 1. Naija politians 2. Yahoo boyz(internet fraudsters) 3. Fake pastors 8 Likes |
Re: Naira Drops, As BVN Paralyses Forex Market by HusBandMateRial: 12:38pm On Nov 05, 2015 |
Dis gov't dun make us sofa more dan we xpectd. |
Re: Naira Drops, As BVN Paralyses Forex Market by Nobody: 12:39pm On Nov 05, 2015 |
If CBN no comot this BVN wahala ........ 3 Likes
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Re: Naira Drops, As BVN Paralyses Forex Market by Swiftboy(m): 12:40pm On Nov 05, 2015 |
Na wao! Wonder why those black market guys are not chase out of business. |
Re: Naira Drops, As BVN Paralyses Forex Market by biosepeter1(m): 12:42pm On Nov 05, 2015 |
Importation Mara when men dey use see front don spoil finish.. Hmm |
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