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Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs (33387 Views)

CBN formalises dollar sales to BDCs as naira improves / Naira Crashes To 1,030/$ As Speculators React / CBN Confirms N410.25/$ As New Official Exchange Rate (2) (3) (4)

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Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by MsAllison(f): 9:23pm On Aug 27, 2020
angry

Buhari is a criminal terrorist
a useless old hag bastard burukutu drinking demon.
vagabond gworo grinding demon with shrink dickk
it shall never be well with all Buhari's supporters iseee

11 Likes

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by Baba1234: 9:23pm On Aug 27, 2020
We need More exports

1 Like

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by youngrhosy(m): 9:23pm On Aug 27, 2020
ekare
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by dyn4casie(m): 9:24pm On Aug 27, 2020
I hope this work
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by ultimate77(m): 9:24pm On Aug 27, 2020
will they increase international spending limit? That's all we want

2 Likes

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by amakadlite(f): 9:24pm On Aug 27, 2020
Tell us when $1= #1

2 Likes

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by Nobody: 9:26pm On Aug 27, 2020
sad
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by edoairways: 9:26pm On Aug 27, 2020
Hope to see full implementation, talk is cheap
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by Nobody: 9:28pm On Aug 27, 2020
Nawa oo buhari hmmm
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by surgical: 9:29pm On Aug 27, 2020
This government is a very stupid government why are they devaluing the currency when the country does not have competitive export products that can benefit
The major export is already denominated in $ and you are allocated quotas,which you can not increase at will
It will only make import expensive and the country is a net importer,without much substitute,this will just create more hardship for the people
I wonder why Ghana did not bastardized its currency like Nigeria
Meanwhile the government is wasting scarce foreign exchange to import what we have in abundance(petroleum products) if that is not madness then I don't know what it is

4 Likes 2 Shares

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by Yankee101: 9:29pm On Aug 27, 2020
If you can get dollars at 389 I go buy
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by Perfecttouchade: 9:30pm On Aug 27, 2020
The way price of Aluminium materials be for now ehn na God go judge some people in charge of this country, even building materials sef na serious hike in price ,I hope something go change o
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by SuperWorld(m): 9:30pm On Aug 27, 2020
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by SmartPolician: 9:31pm On Aug 27, 2020
MikeMicheal:
We should just make dollar our official currency already,

Since we so much rely on it.

Dollar is a stable international trading currency

1 Like

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by Royalfurnitures: 9:32pm On Aug 27, 2020
Time for the cabal and their cronies to make brisk business, by the $ @386 and sell at the black market at @500

Your home is incomplete without good quality furniture thats why we are here for you

2 Likes

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by Nobody: 9:34pm On Aug 27, 2020
Great

Check my signature.
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by PureGoldh(m): 9:35pm On Aug 27, 2020
Issoryt
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by Greenishland: 9:39pm On Aug 27, 2020
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by kambili999(f): 9:39pm On Aug 27, 2020
daddytime:

How's you darling?
smiles. good good
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by Lorenzop: 9:39pm On Aug 27, 2020
Story... This will further shoot up the price to #500/$....by the time...this is hijacked....scarcity will be inevitable.... Artificial control can never stabilize the Naira.

7 Likes

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by chib4true(m): 9:40pm On Aug 27, 2020
lowkeybahdguy:

The CBN's monetary policy leaves a lot to be desired. more politically motivated than economical.

Spending money to defend the value of the naira isn't a smart long term plan. The market should be allowed to determine the value of the currency and more importantly is the need to merge the parallel rates into one.

If I hear say I understand wetin you talk here eh!

2 Likes

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by jamace(m): 9:40pm On Aug 27, 2020
APC/Buhari promised to stabilize the naira against the dollar. Why are we here?

Lying to get political power for power sake is great corruption.

2 Likes

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by TimeTraveler369: 9:41pm On Aug 27, 2020
$10,000 per BDC when the demand for USD from each BDC is over $100K daily>

You all better use your Naira to buy more Dollars and hide them under your beds, cos even the bank owners are stockpiling.

Post COVID depression is on the way.

5 Likes 1 Share

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by daddytime(m): 9:42pm On Aug 27, 2020
kambili999:
smiles. good good

Good girl.
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by favinvest: 9:45pm On Aug 27, 2020
its not a function of ordering but a function of avaliability.

if u give little to the BDC @ $386 then the buyers from the BDCs will automatically bcom mini-new BDCs, were selling to the highest bidders..

the solution is that lets grow the economy.. oil price is not with in our control but Agriculture, manufacturing etc are..

these will reduce the heavy reliance on imports and increase the export.. whereby making the dollar to be more available then crashing the dollar.

8 Likes 1 Share

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by donPhill(m): 9:52pm On Aug 27, 2020
Pearly255:
Space for sale grin
sell it to Righteousness89
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by adonainana: 9:54pm On Aug 27, 2020
Round tripping Form M boys wa gbayi

Change naira to dollars at BDC for 386 go to black market to the dollars to naira back at 470

With bitcoin at 478 oh boy making money go seeet no be small

5 Likes 1 Share

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by adonainana: 9:59pm On Aug 27, 2020
favinvest:
its not a function of ordering but a function of avaliability.

if u give little to the BDC @ $386 then the buyers from the BDCs will automatically bcom mini-new BDCs, were selling to the highest bidders..

the solution is that lets grow the economy.. oil price is not with in our control but Agriculture, manufacturing etc are..

these will reduce the heavy reliance on imports and increase the export.. whereby making the dollar to be more available then crashing the dollar.

You minding them ni they are fixing the price of a product thar they have no control over its demand and can only regulate its supply partly

Imagine telling BDC to sell at 386 something someone can offer to buy at even 480 self which mumu BDC will sell at 386 what the market are ready to pay 480 for

3 Likes

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by joegigs(m): 10:00pm On Aug 27, 2020
God go punish all of una.when person don buy dollar for $480 to buy goods

2 Likes

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by humilitypays(m): 10:13pm On Aug 27, 2020
But you stopped Nigerians from sending dollar in their own dollar account to foreign banks for business transactions so what is the dollar for


Buhari if you want to stop your friends and associates from looting you will without punishing legitimate Nigerian business owners with foolish policies angry

1 Like

Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by lowkeybahdguy(m): 10:16pm On Aug 27, 2020
kambili999:
mango

Are you kambili, the girl with beautiful long legs Chimamanda spoke of in purple hibiscus?
Re: Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs by teewhydope(m): 10:19pm On Aug 27, 2020
adonainana:
must you cast everything

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