Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,191 members, 7,818,620 topics. Date: Sunday, 05 May 2024 at 08:02 PM |
Nairaland Forum / Nairaland / General / Business / FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down (19501 Views)
Throwback: Dangote & Rabiu Feud Over Money Laundering & Round Tripping / CBN Vows To Prosecute POS Operators Who Demand Exorbitant Charges / CBN Vows To Arrest Any Nigerian Buying Dollars With Naira (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by ijustdey: 11:51am On Aug 15, 2023 |
•I& E window: N744/$1; parallel market: N950/$1 •Shonubi says Tinubu “very concerned” about naira slide •Reveals intervention measures ready in matter of days •Report: Dollar supply remains major challenge in FX market
https://www.thisdaylive.com/index.php/2023/08/15/fx-arbitrage-widens-to-n206-1-enabling-round-tripping-cbn-vows-crack-down 3 Likes 1 Share
|
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by wittywriter: 11:53am On Aug 15, 2023 |
Gross Incompetence... Why not allow natural demand for funds hedging prospects. SMH. $ = #940+ so as an internet user in Nigeria try get an online income means or side gig to legitimately earn via online. alphabbey1: alphabbey1: alphabbey1:SMH jegaxe:Ignore the ignorance , clearly the NL member doesn't know or comprehend my post/comment. All over the world news and speculations from in-house financial institutions determine FX and sway market demands such is one of the basic approach to achieve my earlier suggestion...but the present leadership decided to be docile for too long a time...their undoing to our economy...their underlying reason for such senile silent act isn't far fetched...if you know you know . Wittyness 19 Likes 3 Shares |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by inoki247: 11:57am On Aug 15, 2023 |
Lol everybody looking for loopholes to rip the system.... Collect Dollar for a Purpose carry am go sell for Black market... 42 Likes 4 Shares |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by Jestin: 12:17pm On Aug 15, 2023 |
I think the people in Government are not just ready to fight corruption yet. Maybe because they are benefiting from it. The oil imports and this dollars rate is one of the biggest factors affecting the economy of this country 25 Likes 2 Shares |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by NaughtyBrainiac: 12:18pm On Aug 15, 2023 |
Hmmm |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by seborrhic: 12:18pm On Aug 15, 2023 |
Emefiele the criminal is still better than the drug lord who hurriedly removed dual exchange rate without any sense or plan. Is it not the same CBN intervention and clampdown he was chided that this same clowns are now doing? 36 Likes 4 Shares |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by MetaFiles230709: 12:19pm On Aug 15, 2023 |
Lol |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by baike: 12:19pm On Aug 15, 2023 |
Lambas 5 Likes 1 Share |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by bassdow: 12:19pm On Aug 15, 2023 |
bvv |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by Ventura1: 12:19pm On Aug 15, 2023 |
Banks are complicit, that I'm very sure. 23 Likes |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by bassdow: 12:19pm On Aug 15, 2023 |
bassdow: |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by bassdow: 12:19pm On Aug 15, 2023 |
inoki247: My dear LoopHoles plenty. Have often questioned why those who want to go on Pilgrimage / Mecca would have to get FX much cheaper than the average man doing business ? Why don't they give FX at same rate to people of other RELIGION ? I don't even want to get started about the things done by BANKs. Over 80% of Us are way more corrupt than those we criticise. Na just opportunity we never get. As for less than the remaining 5%, they are Corrupt or Honest based on weather (i.e they would temporarily cut corners when in Need, else act normal). AnyOne else outside the above stated percentage, is regared as M-U-M-U. That's the WORLD we've found ourselves 19 Likes 1 Share |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by lexy2014: 12:20pm On Aug 15, 2023 |
inoki247: If people can still do this, what then is the essence of Tinubus dollar policy....what do they call it again? 8 Likes |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by Bubu4Sea: 12:20pm On Aug 15, 2023 |
You can't make sound economic policies under the influence of drugs So anybody expecting good from ebola is deluded 38 Likes 7 Shares |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by AdejorLawrence(m): 12:20pm On Aug 15, 2023 |
What a country we're in. |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by Paracetamol01: 12:21pm On Aug 15, 2023 |
I see dollar hitting 1300 against naira before year end ..... CENTRAL BANK Of CORRUPTION C.B.N is to be blame for there ineffective policies |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by lexy2014: 12:21pm On Aug 15, 2023 |
Ventura1: How? 1 Like |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by bassdow: 12:21pm On Aug 15, 2023 |
ijustdey: so no be abokiFX, or to float $ 1 Like |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by bassdow: 12:21pm On Aug 15, 2023 |
bassdow: |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by bassdow: 12:21pm On Aug 15, 2023 |
so Long we do not get involved in things that Earn us ForeignExchange, our NAIRA would continue to get WEAKer by the day. We get Crude Oil, but we have to spend money to Export the raw Crude oil to another country so as to have it refined, then we spend money again to ReImport it back to the country. and when the containers are going back, they mostly go back EMPTY because we've got nothing to EXPORT. But what about the byProducts of CRUDE OIL ? I'm sure those are LOST to the POCKETs of a few. 6 Likes |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by iwaeda: 12:22pm On Aug 15, 2023 |
ijustdey: See Tinubu that built Lagos, check everything is falling like packs of cards in Nigeria. Anyway, on your mandate we stand. Many will start eating grass, the way things are going. Over #200 per dollar on round tripping. Tinubu does not know Jack than tax collections. 13 Likes |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by Emu4life(m): 12:22pm On Aug 15, 2023 |
Buhari 2.0 on the Wheel. Apparently, Tinubu is not as good as he was portrayed 4 Likes |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by mycar: 12:22pm On Aug 15, 2023 |
Is CBN not behind it, CBN is meant to intervene but they are not, if they can be consistence with their supply to the Bureau, they can have the locus standi to question them, else they are just bluffing. |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by BoldBrainz(m): 12:24pm On Aug 15, 2023 |
I'm coming for Shonubi. Man got off a meeting with Tinubu, came out to address the press, and ended up repeating the same rhetorics we all know.. 1 Like |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by AchrafHakimi: 12:24pm On Aug 15, 2023 |
Excuses. The strike must happen!
|
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by debeginin(m): 12:25pm On Aug 15, 2023 |
lexy2014:We are dealing with symptoms instead of causes.Nigeria oti lo. |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by Ventura1: 12:25pm On Aug 15, 2023 |
By deliberately referring customers making FX withdrawal to Aboki's, who loiter the banking halls. lexy2014: 2 Likes 1 Share |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by Orathird: 12:25pm On Aug 15, 2023 |
It’s well |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by 9jatriot(m): 12:26pm On Aug 15, 2023 |
Why not allow this thing float totally. Nigerians from what I have observed will still import even the most basic things even if USD is 2k per dollar. China will give an arm and a leg to have this kind of exchange rate so that they can make a lot more money form export. But we, we want to keep importing. 2 Likes |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by Hezzyluv: 12:26pm On Aug 15, 2023 |
Buhari really messed up this country under the guise of Godwin Emefiele. He should be arrested as well To make matter worse, promax of Buhari on the wheel. 1 Like |
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by trevorlinda: 12:27pm On Aug 15, 2023 |
CBN has turn to... DJ YK MULE 5 Likes
|
Re: FX Arbitrage Widens To ₦206/$1 Enabling Round-Tripping, CBN Vows Crack Down by Ferdinandu(m): 12:27pm On Aug 15, 2023 |
One set of Criminals handed over to another set of Criminals what do you expect 3 Likes |
Black Market Welcomes Cardoso With ₦960/$1, P2P Now ₦970/$1 / A Dollar Now N500 / Ifeanyi Ubah Is A Fraudster – Cosmas Maduka
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 68 |