Badgers14:
Since January 2017, CBN have pumped in over $1bn. Maka why? This is not the best way to go about dollar scarcity.

They will keep pumping the dollars and the hoarders will keep hoarding the money.

NwaAmaikpe:


How long can Kemi Adeosun and Godwin Emiefele sustain this charade.


What happens when there is no more dollar to cushion
The naira will just fall like Halima Abubakar's_breasts

fm7070:
this is an unrealistic, unsustainable approach to this naira/dollar issue.

Keneking:
Keep pumping
"Naira gained two points to exchange at N365 to the dollar."
- N199/N200 - 1$ or nothing
Useless government

moneyspeaking:
Nigeria is in a big mess. keep pumping. Which kind economy policy is this? Pumping/injecting more FX is not the solution. I pity this country.

AndriaRich:


Our agreement is N1=$1

moneyspeaking:
Nigeria is in a big mess. keep pumping. Which kind economy policy is this? Pumping/injecting more FX is not the solution. I pity this country.

Codes151:
they are stupid!! It's inflation and in this will just stablished the economy on the current state for a week or month depending on the amount!

Nigeria is a stupid country! The leaders are foolish!

It's like owning a business and u keep putting in cash with getting output for the initial ones!! No be mumu-ness be that?

seunny4lif:

Where you dey go
Come back here and talk about the Naira

AndriaRich:

Our agreement is N1=$1

toyetade:
Is this sustainable. What percentage of the country is benefitting from this.

Danny287:


Lol you just off me you and who sign am Hahahahahaha

Danny287:


Lol abeg oh we have a worthy president trust him his a wonderful economists he would do something about it while I sit and observe Lmao hahaha

dammy13:
The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange (Forex) market, has injected 195 million dollars into various segments of the inter-bank foreign exchange market.

The acting Director, Corporate Communications, Isaac Okorafor in a statement on Monday in Abuja said that 100 million dollars was offered to authorised dealers in the wholesale window. 

Similarly the Small and Medium Enterprises (SMEs) window was allocated the sum of 50 million dollars.

Also, those seeking forex for the purpose of business and personal travel, tuition and medical bills, among other invisibles, received the sum of 45 million dollars.

Okorafor said that the Bank’s continued intervention was aimed at strengthening the international value of the Naira, while ensuring accessibility to the greenback by customers who required it for genuine purposes.

The CBN in the last round of forex intervention in the inter-bank market on June 28, injected $195million to the wholesale, SMEs and invisibles segments of the market.

Recall that the Naira on Monday slightly appreciated against the dollar at the parallel market.

Naira gained two points to exchange at N365 to the dollar.

Pound sterling and the Euro traded at N465 and N412 respectively.

Trading at the interbank market saw the Naira closed officially at N305.95 to the dollar, while the pound sterling and the Euro closed at N397.12 and N349.22, respectively.

http://fabinfos.com/naira-may-rise-dollar-cbn-pumps-additional-195m/

toyetade:
Is this sustainable. What percentage of the country is benefitting from this.

loswhite:
this question u ask just display high level of ignorance

toyetade:

It is you that is completely ignorant. Why can't we for once forget about this foreign exchange and concentrate on developing our country by providing things that will benefit the common man. 1 dollar is more than 30000 iranian currency yet the country is not poor. Check out Indonesian currency.
Use our reserve to boost local production and encourage buy in Nigeria