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Nairaland Forum / Nairaland / General / Business / 24 Hours After New Policy, CBN Injects $371m Into Forex Market (18491 Views)
Naira Climbs To N360.55/$ As CBN Injects $210 Million / CBN Injects $482.6m Into Forex Market, Naira Gains / CBN Injects Another $100 Million Into Forex Market (2) (3) (4)
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by onatisi(m): 7:25am On Feb 22, 2017 |
kabrud:Forget it,they cant.. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by niyifour(m): 7:26am On Feb 22, 2017 |
Oba Wating You Talk
|
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by ajalawole(m): 7:26am On Feb 22, 2017 |
hungryboy:i tell u bro. The worst thing is the people that need it will never get it. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by kabrud: 7:27am On Feb 22, 2017 |
onatisi: Well, I'm an optimist. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by DonCortino: 7:27am On Feb 22, 2017 |
PapaBrowne: So it was not GEJ's fault afterall as all apc politicians and their zombies usually claim. Hmm |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Nobody: 7:27am On Feb 22, 2017 |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by 989900: 7:28am On Feb 22, 2017 |
It is a shame the CBN can't think of smarter ways, oh, I forgot, smarter ways will rob them of their illicit shenanigans. 1 Like |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by onatisi(m): 7:31am On Feb 22, 2017 |
#000000 kabrud: $371 million dollars for 7 days wont have a lasting impact. It must be sustained continuously for 10 days before changes can occur. What about oil subsidy which they have to pay ?when Nigeria government brings up things like this ,know very well.they are about to pull a shocker on Nigerians.. Fuel price hike is coming 3 Likes |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by sniperr007(m): 7:31am On Feb 22, 2017 |
CoolFreeday: Make we dey watch. I need it easier & cheaper. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by lollmaolol(m): 7:37am On Feb 22, 2017 |
BiafranBushBoy: That's the craze |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by elhafeez(m): 7:37am On Feb 22, 2017 |
they will buy and hoard it. we know them and they know we know. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Mayflowa(m): 7:38am On Feb 22, 2017 |
hungryboy: As simple as your suggestion, it is not practicable! CBN do not deal directly with customers by their mandate. They do that through the instrument of banks. That is why they are called bankers' bank. They regulate fiscal and monetary policies not to sell crayfish in the market. How would they even meet the numerous demand of the country? Do you know the logistics involved? We all have moral obligation to play as citizens when it comes to helping our economy and there should be increased monitoring of enacted policies with offenders brought to book. 2 Likes |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Nobody: 7:43am On Feb 22, 2017 |
Mayflowa: Desperate times demands desperate measures. Anything is possible, original mandate regardless. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by rusher14: 8:06am On Feb 22, 2017 |
BiafranBushBoy: Probably true but can you explain who the "small ones" are that need dollars? 1 Like |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by ViczonaNg: 8:08am On Feb 22, 2017 |
$371m won't do anything. It won't have any impact on this current forex issues. The forex demand of just one bank daily is above $400m and you are sharing $371m to all banks whether it's for school fees or anything,it won't make any impact. They should reverse all forex policies because they aren't working and employ experts to help them get what they want. 1 Like |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by berrystunn(m): 8:11am On Feb 22, 2017 |
Open more doors for corruption Thank you sir.... |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by japhethGold: 8:16am On Feb 22, 2017 |
The CBN governor himself is a forex rigger; he connives with his accomplices in commercial banks in Lagos to carry out this act. I hope whistle blowers will soon catch up with him. God help Nigeria. PMB is helping Nigeria! |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by kellybently(m): 8:21am On Feb 22, 2017 |
hungryboy: even the importers ll use it as business instead of importing |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Karlman: 8:24am On Feb 22, 2017 |
FOOLS IN GOVERNMENT. WHO BORROW THEM BRAIN? |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by yinkslinks(m): 8:25am On Feb 22, 2017 |
It will still flop. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Boyooosa(m): 9:10am On Feb 22, 2017 |
netflicks:Close your eyes and say good bye na! |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Nobody: 9:16am On Feb 22, 2017 |
hungryboy: As an importer, instead of importing raw materials or goods to make products and sell, I could easily collect the dollars and sell them in the black market.. I will make more money without risking money in producing what people may not buy, but I can make quick money without doing anything.. Cbn cannot hold me, if they do I can show them my old stocks and tell the I just ought them. But the bank is the only bet because companies have to buy from them, and the bank would only pay the dollars to the company the importer is paying to, the bank will verify the transactions and are accountable to cbn. Before u question, the system, be sure u understand why it is like that |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by BiafranBushBoy: 9:20am On Feb 22, 2017 |
rusher14: Mtcheeww!! |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Ijaya123: 9:28am On Feb 22, 2017 |
hungryboy: Direct your suggestions to the mumu CBN governor called Emeifele. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by sosy25: 10:28am On Feb 22, 2017 |
The $371 million would not solve the forex scarcity. Especially now that importers are also importing garri. I have adviced Nigerians several times to stop depending on the CBN and BDC's for US Dollars. Nigerians can while living in Nigeria earn their own US Dollars outside the country and repatriate it to their domiciliary accounts in Nigeria. If you are interested in earning your own US Dollars check my signature. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Nobody: 12:57pm On Feb 22, 2017 |
Icecomrade: You think they don't know these things |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by ahmedbrown: 1:15pm On Feb 22, 2017 |
This can only have positive effects on the populace only if the CBN can increase the purchasing power on the Naira card for international online transactions. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Icecomrade: 1:50pm On Feb 22, 2017 |
mykl01: They should stop decieving Nigerians |
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