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Breaking:CBN Devalue Naira By 5.3% At The Currency Auction. - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Breaking:CBN Devalue Naira By 5.3% At The Currency Auction. (505 Views)

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Breaking:CBN Devalue Naira By 5.3% At The Currency Auction. by Makemefit12op(m): 7:20pm On Jul 04, 2020
Finally, Nigeria is laid to rest by this clueless government.

A government without hope,plan and strategies,yet some zombies voted for it.


TUFIAKWA

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Re: Breaking:CBN Devalue Naira By 5.3% At The Currency Auction. by DiagnoPolitics: 7:42pm On Jul 04, 2020
Dollar racketeering done by CBN is mind-boggling. I bet all my possessions that the Governor of CBN only saves his money in dollar bills and other foreign currencies, but they go about frustrating ordinary Nigerians who want to do the same.

Nigerians in Diaspora send in money into the country to their relatives, CBN seizes the dollars and then give your relatives naira at an exchange rate of N360/1$, CBN then hoard the dollar they "stole" from you and sell to another ordinary nigerian who wants to pay his child school fees abroad at the rate of N430/1$, they make profits.

It doesn't end there, members, relatives and friends of the buhari cabal and such as Isa Funtua, Tunde sabiu, Mamman daura gets the same dollar from the Emefiele's CBN at shocking rate of N120/1$, these people take this dollar and "roundtrip" it by selling to BDCs, Banks, and other Nigerians at N420/1$, becoming millions and billionaires overnight. Terrible, corrupt and irredeemable country!

Simply scrap the naira currency, let's all adopt the dollar as a national currency.

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Re: Breaking:CBN Devalue Naira By 5.3% At The Currency Auction. by Charleys: 7:47pm On Jul 04, 2020
Hahahahaha

People who go to Mecca exchange dollars at very cheap rate but do not go to Mecca then sell it again at very high rate.

Scam gunman

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Re: Breaking:CBN Devalue Naira By 5.3% At The Currency Auction. by FocusedDiva(f): 7:48pm On Jul 04, 2020
Source please!

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Re: Breaking:CBN Devalue Naira By 5.3% At The Currency Auction. by budaatum: 7:51pm On Jul 04, 2020
DiagnoPolitics:

Nigerians in Diaspora send in money into the country to their relatives, CBN seizes the dollars and then give your relatives naira at an exchange rate of N360/1$, CBN then hoard the dollar they "stole" from you
I don't think this is true. I think every Nigerian in Diaspora sending money into the country to their relatives would not send the money through CBN when they can send the money and have it changed by Aboki in Sabo at better rates.
Re: Breaking:CBN Devalue Naira By 5.3% At The Currency Auction. by chatinent: 8:06pm On Jul 04, 2020
Finally, the end.

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