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Naira Firms On Black Market After Central Bank Action - BDC Traders - Business - Nairaland

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Naira Firms On Black Market After Central Bank Action - BDC Traders by gimbayaro(m): 2:00pm On Feb 22, 2017
Nigeria's Naira firmed 1.1 percent to 510 on the black market on Wednesday, bureau de change (BDC) traders said, after the Central Bank of Nigeria (CBN) started to supply dollars for retail transactions in a bid to narrow the spread with the official exchange rate.

Most BDCs were showing only offers to sell at 510 with no bids, having sourced dollars privately at peak rates of 520 per dollar. The naira was quoted at 305.25 per dollar on the official market.

The CBN stepped up dollar sales on the interbank currency market on Tuesday, a day after it effectively devalued the naira for retail currency sales

Read more at http://www.dailytrust.com.ng/news/business/naira-firms-on-black-market-after-central-bank-action-bdc-traders/186405.html#oT6WIzTrTbkSLKzu.99

cc: seun,mynd44 and lalasticlala

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by lanruma001: 2:06pm On Feb 22, 2017
will go back up .... same crap every time as this is not a new solution

7 Likes 1 Share

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Aburi001: 2:17pm On Feb 22, 2017
Gegege.......1 dollar go hit #700 naira before Buhari go return from him indefinite "holiday" tongue

And when he returns from London, his blind economic policy and the EFCC arrests go jack-up the naira to maybe #800 naira to 1 dollar. shocked

BTW, I'm still wondering why UK go release Ibori to us andown seize Buhari INDEFINITELY grin

50 Likes 1 Share

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by KingAfo(m): 2:17pm On Feb 22, 2017
CBN firms naira..pfffff nonsense..Naira that is lose like Cossy's P---Y

3 Likes

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by purpledferanmi1: 2:17pm On Feb 22, 2017
Woow second to comment... STC
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by MabraO: 2:17pm On Feb 22, 2017
Nothing new under d sun

2 Likes

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by emmanuelgon: 2:18pm On Feb 22, 2017
Change
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Nobody: 2:18pm On Feb 22, 2017
sad What were PDP doing right that APC cannot understand?

21 Likes 1 Share

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by ekanDamie: 2:18pm On Feb 22, 2017
seun and lalasticlala should stop putting up this
inconsequential,insignificant,ineffectual,immeasurable and irrelevant decline in the exchange rate. wait till it is at least 50% drop. all this 1% drop don't mean shiiiiiiiiiii!!!!!!!!!

BTW


i am waiting till When it is 7pm, when I will put on my agbada, wear shoe and cap, then say to myself " you are the minister of power" and put my gen on

50 Likes 2 Shares

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Smhart1(f): 2:18pm On Feb 22, 2017
And it will lose by #20
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by dacovajnr: 2:18pm On Feb 22, 2017
Na wen Naira Turn bwest wey dey firm undecided
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by omanifrank(m): 2:19pm On Feb 22, 2017
lalas
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Costello559(m): 2:19pm On Feb 22, 2017
Open more forex, then watch dollar go "catapult" down as e catapulted up..
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by KingAfo(m): 2:19pm On Feb 22, 2017
purpledferanmi1:
Woow second to comment... STC
4th you mean?
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by ELPablochapo: 2:20pm On Feb 22, 2017
Firm @520?
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by LoveJesus87(m): 2:20pm On Feb 22, 2017
A
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Ask4Info: 2:21pm On Feb 22, 2017
Which N510 on the black market.

They are changing it for N490 Flat nothing more. Changed a few thousands this morning.

Instead make Burea De Change dey beg me, na me dey beg "Aboki abeg add N5 now"
They said by mid next month, dollar will drop to like N300/$1.


If these policies are sustained, Nigerians will smile in the coming days and recession will be a thing of the past.



Click LIke for Acting President Osibanjo and Share for President Buhari.

48 Likes 5 Shares

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by wazobaaa: 2:21pm On Feb 22, 2017
confuse government confuse cbn confuse cabal ;Dconfuse government confuse cbn confuse cabal
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Ayoswit(f): 2:22pm On Feb 22, 2017
k, seen.
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by 2kass(m): 2:22pm On Feb 22, 2017
Lmaoooo: Not because it's interesting or it's funny, that's how I laugh when I am hungry

2 Likes

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Firstcitizen: 2:22pm On Feb 22, 2017
It will be sabotaged again by cbn officials, banks and others

2 Likes

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by AngelicBeing: 2:22pm On Feb 22, 2017
angry angry
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by theophorus(m): 2:22pm On Feb 22, 2017
Please sell your dollar now.


Because this is the beginning of it depreciation...

1 Like

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by LoveJesus87(m): 2:23pm On Feb 22, 2017
purpledferanmi1:
Woow second to comment... STC
wake up
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by olatex25(m): 2:23pm On Feb 22, 2017
purpledferanmi1:
Woow second to comment... STC
u are forth though
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by VickyRotex(f): 2:23pm On Feb 22, 2017
520 loun loun cry

E go better embarassed
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by horlanrewaju11(m): 2:23pm On Feb 22, 2017
i cant even find five naira for here
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Nobody: 2:24pm On Feb 22, 2017

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Ucheosefoh(m): 2:24pm On Feb 22, 2017
Any positive effect on naira master card payment ?

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