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Nairaland Forum / Nairaland / General / Business / Commercial Banks To Set Naira Rate On Monday Without CBN Intervention (28971 Views)
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Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by Adesiji77: 1:21pm On Jun 18, 2016 |
LAGOS (Reuters) - Nigeria's commercial banks will set the first exchange rate of the naira versus the dollar when the currency is allowed to float freely on Monday after the central bank abandoned its dollar peg, a senior banking source said on Friday. http://in.mobile.reuters.com/article/idINKCN0Z324X?irpc=932 5 Likes 2 Shares |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by Osgilliat(m): 1:30pm On Jun 18, 2016 |
This is cool.. You will have to be go from banks to banks to determine the one that will favors you. Thanks to God I'm not having account with only one bank. Let the negotiation begins. 8 Likes 1 Share |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by abhosts(m): 1:59pm On Jun 18, 2016 |
The Banks have been setting their own rates since the Naira Decline Started. All this Grammar just to tell us things would remain the same. 77 Likes 3 Shares |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by Thunderlicious: 3:12pm On Jun 18, 2016 |
Ia dis the CHANGE or part of the CHANGE? 2 Likes 2 Shares |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by damiplovR(f): 3:13pm On Jun 18, 2016 |
[b][/b] whatever they like they should do. My own is they should not touch the remaining change in my akkant .. Na everytime dem dey collect card maintenance charge for card that I'm holding and maintaining myseff 41 Likes 3 Shares |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by tripzalee(m): 3:13pm On Jun 18, 2016 |
Noted |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by oppyworld: 3:15pm On Jun 18, 2016 |
Hmmmmm it is well |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by dennisworld1(m): 3:15pm On Jun 18, 2016 |
nor understand. Went to UBA yersteday saw buying rate 196 and selling rate 199. At their board. Someone should make me understand |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by MissShakara: 3:17pm On Jun 18, 2016 |
Hope they wount tell US dollar is not available. 2 Likes |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by jublazer(m): 3:17pm On Jun 18, 2016 |
o.k by tomorrow we hope there will be no denying ....... |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by goodlifehyd(m): 3:18pm On Jun 18, 2016 |
I think this is a nice idea thou, could remember when you have to cough out thousands to open an account but now that there are alot of competitions in the market some are even begging to give you an account for free, similarly when you peg your dollar at 360 and Bank B is selling for 300 nobody go tell you to drop ur price or else your customers go just vanish like wind Well me just dey pass-by 35 Likes 3 Shares
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Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by lollmaolol(m): 3:18pm On Jun 18, 2016 |
Osgilliat: Promiscuity in action 1 Like |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by mayorkyzo: 3:20pm On Jun 18, 2016 |
. |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by MKO4ever(m): 3:20pm On Jun 18, 2016 |
This is the best decision this government has taken since they assume power. And I say congrats to all of us and welcome to a new Nigeria to begin on Monday. Naira is already appreciating against the dollar (closed at N340 yesterday) And I say just watch and see what will happen to the currencies on Monday Within 2 weeks we will all see what will happen to the commodity prices including petrol This bold step could have been taken a year ago, but as they say it is better late than never 23 Likes 2 Shares |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by Nobody: 3:22pm On Jun 18, 2016 |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by mccoy47(m): 3:23pm On Jun 18, 2016 |
Just observing 5 Likes
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Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by HAH: 3:23pm On Jun 18, 2016 |
Simply put the power of demand and supply will determine the price While this is good, hope the FX cabal will not create a hegemony and shortchange the public 5 Likes |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by MKO4ever(m): 3:24pm On Jun 18, 2016 |
jublazer:it's a public knowledge already, what planet are you living in? 4 Likes 1 Share |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by wristbangle: 3:24pm On Jun 18, 2016 |
Let's see how it goes on monday |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by Ekejoestar(m): 3:26pm On Jun 18, 2016 |
J |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by Xberryz(m): 3:27pm On Jun 18, 2016 |
Adesiji77:these over sabi threads self [quote author=Adesiji77 post=46688654] |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by Akon419(m): 3:27pm On Jun 18, 2016 |
good decision comes when buhasri is in exile 8 Likes |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by 989900: 3:27pm On Jun 18, 2016 |
Jumping the gun, the source though. |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by Nobody: 3:28pm On Jun 18, 2016 |
No changes |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by Agbgift(f): 3:29pm On Jun 18, 2016 |
dennisworld1:I saw same thing too. I was a bit confused. I had to check the date and time on the board to know if what I was seeing was correct. And it was correct. |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by bighead1(m): 3:30pm On Jun 18, 2016 |
Sighs, since last year i have been unable to buy items i sell owing to exchange rate, Only God knows how many people this affects too apart from me. |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by seguno2: 3:30pm On Jun 18, 2016 |
Good thing that our president is finally abandoning his tight fist, command economy, which has killed our country in just one year. |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by ThisIsTGF: 3:33pm On Jun 18, 2016 |
abhosts:well said,your comment scored A+,that's what has been going on all this time since dollar rate hiked up 1 Like |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by ThisIsTGF: 3:39pm On Jun 18, 2016 |
goodlifehyd:lol where did you see this guy,lmao 1 Like |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by Twistaray(m): 3:46pm On Jun 18, 2016 |
abhosts: Not really. This is a common sense. If demand is high and the banks sell rate is low demands will reduce because we would all(individuals) rather sell at higher price and buy at lower price. The logic here is : Many will be force to import dollars instead of buying, and that? Will Increase nigeria foreign reserve and create a balance. This is good news! 3 Likes |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by Remii(m): 3:47pm On Jun 18, 2016 |
Osgilliat:I guess it should be tabulated in newspapers and available on cbn websites just like their interest rates |
Re: Commercial Banks To Set Naira Rate On Monday Without CBN Intervention by Ussyberry(m): 3:47pm On Jun 18, 2016 |
Where is the list of the 8 to 10 participants? It was supposed to be released ysday! 4 Likes 2 Shares |
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