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Nairaland Forum / Nairaland / General / Business / Naira Falls After CBN Stops Forex Sales To BDCs (37656 Views)
CBN formalises dollar sales to BDCs as naira improves / Bitcoin Value Falls After China Declares Crypto-Currency Transactions Illegal / CBN Stops Sale Of FOREX To BDCs (2) (3) (4)
Naira Falls After CBN Stops Forex Sales To BDCs by Mecka: 8:51am On Jul 28, 2021 |
Naira fell marginally against the U.S dollar at the parallel market on Tuesday, after the Central Bank of Nigeria (CBN) announced that it has ended the sales of forex to Bureau De Change operators. https://www.premiumtimesng.com/news/top-news/476061-naira-falls-after-cbn-stops-forex-sales-to-bdcs.html 6 Likes 3 Shares
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Re: Naira Falls After CBN Stops Forex Sales To BDCs by lloydtruth: 8:52am On Jul 28, 2021 |
No longer news, everything is falling in this country. 34 Likes |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by valentineuwakwe(m): 8:52am On Jul 28, 2021 |
It's a welcome development the cbn stop the sales to them....the problem now is, will th banks perform better? 126 Likes 2 Shares |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by Olarewaju89: 8:55am On Jul 28, 2021 |
Humm... What is the black market now? 1 Like |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by Hangmnk: 9:04am On Jul 28, 2021 |
Buhari is weak... Keeping the criminal IPOB terrorists emefiele as a governor for this long is so foolish. There are many Experience Yorubas in the field with good heart... What if he is sabotaging Buhari's government Fire Emifiele. enough is enough. Dude doesn't know anything about his actual work. What he knows best is bending for the Kaduna Mafia and Katsina cartels 18 Likes |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by osamz007: 9:07am On Jul 28, 2021 |
Hangmnk: 82 Likes 1 Share
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Re: Naira Falls After CBN Stops Forex Sales To BDCs by Ernerstdavid55(m): 9:11am On Jul 28, 2021 |
maybe i start hoading doller for fucture 1 Like |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by wman(m): 9:11am On Jul 28, 2021 |
As expected. Meffy/Emefiele politics. |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by mbahdi(m): 9:11am On Jul 28, 2021 |
By the time dis terrorist buhari is tru with nigeria.nigerians will be begging for abacha era to come back 47 Likes 2 Shares |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by Wickedfact: 9:11am On Jul 28, 2021 |
Hangmnk: When you hear fools like this talk, you will think his father is qualified to be CBN Governor. This is an Aboki whose father is an apprentice cobbler but thinks he has a say in who becomes CBN Governor. 119 Likes 4 Shares |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by slawormiir: 9:12am On Jul 28, 2021 |
Damnnn niggarrrr Isoright |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by ignis: 9:12am On Jul 28, 2021 |
Nigeria will keep on falling until the final collapse of the zoo. 11 Likes 2 Shares |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by GIANTPLUSHUB: 9:12am On Jul 28, 2021 |
The government just dey anyhow. Tomorrow, they fit reverse the policy. Anyways, We at GIANTPLUSHUB will buy and ship from ebay, Amazon TAX-FREE for you. Our items are TAX FREE. That way you save money! Leave the dollar wahala for us. 3 Likes |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by Bedtec: 9:12am On Jul 28, 2021 |
Silly government making silly policies... I thought it was maybe 200 to 1 dollar |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by Sylv10(m): 9:12am On Jul 28, 2021 |
So make we dey yam abi nonsense |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by Sylv10(m): 9:13am On Jul 28, 2021 |
So make we dey fry yam abi nonsense 1 Like |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by iwaeda: 9:13am On Jul 28, 2021 |
Mecka: All I see is noise by CBN, this will be reversed, because this is one of the MAIN stay of a group of people. To them it is tantamount to taking food from them, they will fight with all they have. It is only in Nigeria, BDC ditacte to government, you have bureau de change in almost every country, but in Nigeria it is extension arm of government. 14 Likes 1 Share |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by xreal: 9:13am On Jul 28, 2021 |
Naira falls at every situation. Even when price of crude rises globaly, naira falls. 13 Likes 1 Share |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by babyfaceafrica: 9:13am On Jul 28, 2021 |
Good news |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by heniford2: 9:14am On Jul 28, 2021 |
Is good what we need know is let the banks step up its game 1 Like 1 Share |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by OkuFaba(m): 9:14am On Jul 28, 2021 |
lloydtruth:when Buhari go fall?? 2 Likes |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by FarahAideed: 9:14am On Jul 28, 2021 |
valentineuwakwe: No they won't ..Bank managers will sell all their allocation back to Abokis and become rich rich ...we have been here ..the only thing that will work is finding a process of getting the forex directly to users and that's not possible 11 Likes 2 Shares |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by newbornmacho(m): 9:14am On Jul 28, 2021 |
Hangmnk: NO buhari is corrupt. Emefiele made him an offer he can't resist |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by SamuelLoch: 9:15am On Jul 28, 2021 |
Earning in $$$ is the new deal. Seems these people don't want to make Naira strong again. Trial and error policies! 3 Likes |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by Operette(m): 9:15am On Jul 28, 2021 |
At this point I think any decision made concerning forex without first fixing our internal is only doomed to failure. The strength of the Naira is how much it can sell and not vice versa. 1 Like |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by Ajeka111: 9:16am On Jul 28, 2021 |
Hmmmm |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by lkillbrokehoes: 9:16am On Jul 28, 2021 |
Good news to those who earn dollars online. 6 Likes |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by oluwaseyi0: 9:16am On Jul 28, 2021 |
I actually support checkmating the activities of unscrupulous BDC, they are making are killing at the expense of the country's woes, but the issue is are the bank any better? the bank will sell to the highest bidder behind the scene mostly this same BDC who in turn will sell way higher on the street, bank will no longer sell to the common man as they use to do hence the aim is defeated before it starts Nigeria has a long way to go because it seems either BDC or Bank we are screwed and not to forget that it's the North that full BDC I doubt Buhari tribalistic body language can pull this off even for 3 months 7 Likes 1 Share |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by Quahl: 9:17am On Jul 28, 2021 |
The rich will be getting richer and vice versa. God please just blow trumpet! 1 Like |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by KingLennon(m): 9:17am On Jul 28, 2021 |
It was much expected that it will fall. I see a dollar selling for 800 naira before the year runs out. Nigeria keeps making clueless decisions... Good news for bombers sha... 1 Like |
Re: Naira Falls After CBN Stops Forex Sales To BDCs by blaise26abj(m): 9:17am On Jul 28, 2021 |
Emiefele is a thief . During PDP , there was little profit margin on dollars for BDCs. Everything was sane . Because Nigeria has an import based economy ,they made good money even with 2-5 naira profit margin . But that idiot decided to run a 2 fx rate regime by fixing government rates and starving Nigerians from accessing dollars thereby creating a high demand that is mainly serviced by black market /BDCs . My take is that they are doing this to make dollar hit 650 naira in the black market and they will over-cash out . 2023 election money in mind . Then they will revert back . Because BDCs are majorly a Hausa/Fulani monopoly from way back . This ban can’t last. Quote me if they don’t reverse this policy in 3-4 months MAX 16 Likes 5 Shares |
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