Realdeals:
Okay, banks are still frustrating the use of Naira MasterCard for foreign transactions.

D tin just tire me

(1)the rate is still very high, we won't notice any significant fall in the prices of imported goods until it hits atleast #210, even that is higher than the rate Buhari met it.
(2)long-term defense of the currency is frowned at by all economics, proper economic policies is needed and we really don't have any in implementation right now.

Pls are u Teslim?

yoruBADboi:
Oya fijo gbowo....

Skelewu skelewu

LexngtonSteele:
LOL. ..99% of those who read this, including me don't understand this article.

Some are just responding like robots with programmed hate.

PLEASE, economists and fiscal guys, break it down for the laymen unashamed to learn

which one be fiscal guys na

Firgemachar:
Speculators modath, EgunMogaji and Onatisi

Please come how lament once more how this CBN policy is a 'useless and unsustainable' one and how the Naira is a 'worthless' currency.



LordAdam come and ridicule Osinbajo as usual for sustaining the CBN's intervention policy.



Na una go tire

Continue monitoring nigeria politics make u no face your life.
All those supporting or critising the government,how many of them do you see commenting again on nairaland politics section?everyone is busy making money ,you jusy stay here and continue talking

Firgemachar:
Speculators modath, EgunMogaji and Onatisi

Please come how lament once more how this CBN policy is a 'useless and unsustainable' one and how the Naira is a 'worthless' currency.



LordAdam come and ridicule Osinbajo as usual for sustaining the CBN's intervention policy.



Na una go tire

I know these people that you mentioned are too busy to answer you but I got an answer for you:

Sharap there!

onatisi:

Continue monitoring nigeria politics make u no face your life.
All those supporting or critising the government,how many of them do you see commenting again on nairaland politics section?everyone is busy making money ,you jusy stay here and continue talking

You get time to answer the mofo.

People that have already used $500m+ from the reserves they were bragging about to do political intervention and oil is at $47 pb.

Let him continue cheering, who get him time...

-Lord

Harwoyeez:
Pls are u Teslim?

No, am milset

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No much talk have your own ponzi website making money with the gurus , now is easier because we hold you by the hand. Inbox me, we create other money making websites,

kristian98:
Nigeria keeps getting better when that lazy bone is out of the country. We need more of osinbanjo. It keeps getting better!!!

The thing pain you.

All achievements are still Buhari administration's.

LexngtonSteele:
LOL. ..99% of those who read this, including me don't understand this article.

Some are just responding like robots with programmed hate.

PLEASE, economists and fiscal guys, break it down for the laymen unashamed to learn

Ha ha ha

Simply put, CBN is trying to further regulate the market. No be Alaba Market o
Na Interbank forex market, which would further help heal the economy.

At least, me sef sabi sometin pass bulk sms

i will only accept this when mr pmb comes back and handle this country his way!!

LexngtonSteele:
LOL. ..99% of those who read this, including me don't understand this article.

Some are just responding like robots with programmed hate.

PLEASE, economists and fiscal guys, break it down for the laymen unashamed to learn

It read in part, “All authorised dealers shall be subject to a maximum spread of N1. Funds purchased by an authorised dealer from another dealer on the interbank market shall not be held in position overnight by the buying authorised dealer or sold to another authorised dealer.”

Simply put, funds purchased by dealer B from dealer A on the interbank market must be sold to dealer B's customers same day dealer B purchased fund from dealer A and cannot be sold to another dealer (dealer C). The whole process or rule is to discourage hoarding and increase chances of Naira appreciation.

Countdown:


It read in part, “All authorised dealers shall be subject to a maximum spread of N1. Funds purchased by an authorised dealer from another dealer on the interbank market shall not be held in position overnight by the buying authorised dealer or sold to another authorised dealer.”

Simply put, funds purchased by dealer B from dealer A on the interbank market must be sold to dealer B's customers same day dealer B purchased fund from dealer A and cannot be sold to another dealer (dealer C). The whole process or rule is to discourage hoarding and increase chances of Naira appreciation.

THANKS Mr Countdown...greatly appreciated!

LionDeLeo:
Very good.

But my concern for now is; when will they activate and increase withdrawal from Naira-denominated account from $100/month abroad?

I think that will also ease the stress on the naira at home and it won't in any way encourage the much talked-about round tripping.

Do u understand economics at all?

ifyan:


Which kain N199. Bro not this morning please,.

$1=N1. Because na part of the current government manifesto

bring back the old rate, lol

effty:
Do u understand economics at all?

I'm not an Economist pls, but why do you ask?

Pls be specific and the post you quoted should be properly addressed from your professional knowledge of Economics.

**Waiting**

DropShot:

The thing pain you.

All achievements are still Buhari administration's.

what are u saying? Which acjievement? The country is bleeped up and osinbanjo is only tring to restore the balance. There are no achievements pls

make exchange rate quickly fall. i wan buy ps4 and i no wan pay pass 30k.

Keneking wan change am

ifyan:


Which kain N199. Bro not this morning please,.

$1=N1. Because na part of the current government manifesto

DollarAngel:
BUHARI SHOULD COME BACK AND FINISH WHAT HE STARTED

Hell NO

DropShot:

The thing pain you.

All achievements are still Buhari administration's.

Why talking about frozen vegetable?

i have been trying to send common 39 euros abroad for over 1month now, still to no avail. wat a country nigeria. now i knw we are so far away from the world! almost like not existing at all

Apc av not achieve n time is going

LexngtonSteele:
LOL. ..99% of those who read this, including me don't understand this article.

Some are just responding like robots with programmed hate.

PLEASE, economists and fiscal guys, break it down for the laymen unashamed to learn

LexngtonSteele:
[b]LOL. ..99% of those who read this, including me don't understand this article.

Some are just responding like robots with programmed hate.

PLEASE, economists and fiscal guys, break it down for the laymen unashamed to learn

[/b]

LexngtonSteele:
LOL. ..99% of those who read this, including me don't understand this article.

Some are just responding like robots with programmed hate.

PLEASE, economists and fiscal guys, break it down for the laymen unashamed to learn

walai...I no go lie u...me sef no understand. I'm so happy it wasn't an examination ..

I DON'T UNDER THE UPWARD AND DOWNWARD TREND OF THE NAIRA....INFACT IS THE CBN PLAYING GAMES HERE.....WELL THE DOLLAR WILL RETURN TO 300 AND THE APC WILL USE IT AS AN ACHIEVEMENT

Raiyell:



I know these people that you mentioned are too busy to answer you but I got an answer for you:

Sharap there!

May you live long Sir.

if the proposed violent escalates in nigeria , the Naira wil lose steam and dollar rate will increase again.

my opinion.

angelbulksms:


Ha ha ha

Simply put, CBN is trying to further regulate the market. No be Alaba Market o
Na Interbank forex market, which would further help heal the economy.

At least, me sef sabi sometin pass bulk sms

Seriously guys, I having meaning to ask this for a long time, does CBN not have any role to play in the present economic situation, or what can they do to curtail the problem? Please all the economic brains can share something.