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Nairaland Forum / Nairaland / General / Business / CBN Stops Banks From Utilising Naira Devaluation Gains (13705 Views)
CBN Stops Use Of Foreign Currencies As Collateral For Naira Loan / Naira Falls After CBN Stops Forex Sales To BDCs / CBN Stops Sale Of FOREX To BDCs (2) (3) (4)
CBN Stops Banks From Utilising Naira Devaluation Gains by dre11(m): 8:49am On Sep 12, 2023 |
The Central Bank of Nigeria (CBN) has asked deposit money banks (DMBs) to stop utilising gains from the revaluation of the naira to pay dividends or finance operations. https://www.thecable.ng/breaking-cbn-stops-banks-from-utilising-fx-gains-caused-by-naira-devaluation/amp 3 Likes
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Re: CBN Stops Banks From Utilising Naira Devaluation Gains by TemplarLandry: 8:55am On Sep 12, 2023 |
2 Likes |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by Donaldoni: 10:23am On Sep 12, 2023 |
Anything to help the naira appreciate is okay by me 15 Likes 1 Share |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by Donaldoni: 10:23am On Sep 12, 2023 |
Can the CBN enforce this 3 Likes |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by tega192(m): 10:23am On Sep 12, 2023 |
G |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by Skillsnigeria: 10:23am On Sep 12, 2023 |
Hmmm |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by ALCOHOLKILLS(m): 10:23am On Sep 12, 2023 |
Useless regime, with stupid polices affecting the poor. Well i never expected anything good from a drug Lord. tinlupoo will be the worst Nigerian president selected by inec dingbat 12 Likes 2 Shares |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by chibike69: 10:24am On Sep 12, 2023 |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by izuch(m): 10:24am On Sep 12, 2023 |
Somebody should please translate to us in English 8 Likes 2 Shares |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by safarilove(m): 10:24am On Sep 12, 2023 |
lowkey all these banks dey enjoy.. Abeg if you no understand those financial jargons just waka pass no stress yourself.. 11 Likes 2 Shares |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by Gilgalroadtrip: 10:24am On Sep 12, 2023 |
Hmm... Nigeria |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by Doro55: 10:25am On Sep 12, 2023 |
What’s this that you guys are typing just K, L, etc on comment section? Please let’s act matured. 1 Like |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by sukkot: 10:25am On Sep 12, 2023 |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by obembet(f): 10:25am On Sep 12, 2023 |
Doro55: 😂 2 Likes |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by huptin(m): 10:26am On Sep 12, 2023 |
Ok. how will implementation be monitored? 1 Like |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by robinfemi: 10:26am On Sep 12, 2023 |
Everyone above me just keep booking space without reasonable something to say... Although na nairaland, but the naira is useless here and real life 1 Like |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by izuch(m): 10:26am On Sep 12, 2023 |
Doro55: Carry your maturity go withdraw money for bank oga 9 Likes 1 Share |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by BabaIbo: 10:26am On Sep 12, 2023 |
CBN is a joke, honestly. 1 Like |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by IduNaOba: 10:26am On Sep 12, 2023 |
Na just grammar and grammer plus propaganda and lots of trial and error full this yeye all promises cancelled government. Ndị mgbu. 3 Likes |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by Ayodeoba: 10:27am On Sep 12, 2023 |
I can relate! Most of the top officials at cbn will be in jittery mode now base on the probe and auditing of their accounts 8 Likes 1 Share |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by Jackson619007: 10:27am On Sep 12, 2023 |
They are mostly experiencing feelings of frustration as they contemplate the means by which they may misappropriate and embezzle national funds, given their current positions of authority. 1 Like |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by Pastor137(m): 10:27am On Sep 12, 2023 |
Na wa |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by LegacyB: 10:27am On Sep 12, 2023 |
The truth is most of the profits made by Banks is from Fx . Check the likes of Zenith that made 350billion only half year profit doubling that of last year in a struggling economy . The business magic made is actually from Dollar sales (round trip). If CBN wants to do a proper check then investigate Form A, PTA and others for the last 3 years then you would see the rot in the system. 18 Likes |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by Racoon(m): 10:29am On Sep 12, 2023 |
This will definitely struck a nerve with those fraudulent staff of corrupt banks. 1 Like 1 Share |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by captainamiedi1: 10:30am On Sep 12, 2023 |
you created a policy that have loopholes and you are begging them not to use the loophole. Breaking news oga they are profit organizaton. they care less about ur fx. they just want to declare billions at the end of the quarter. Better put in place good policies that will favour the people. 10 Likes |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by NaughtyBrainiac: 10:31am On Sep 12, 2023 |
Hmm |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by ecolime(m): 10:31am On Sep 12, 2023 |
safarilove:Not just Banks, the entire financial industry is cashing out big time now. This is the reason for the preponderance of several Fintechs. Despite these wins, the real sector e.g manufacturing is still struggling real bad. Government should implement laws and ensure growth in the Financial industry oil and juice up other sectors. 3 Likes |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by EkelediliBuhari: 10:32am On Sep 12, 2023 |
The heading is misleading … The content is solid advice… just saying don’t count your chicks till they hatch… The SOL and NOL forbearance is a good step, but I hope it will last the lifetime of the facilities affected… 4 Likes |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by Majesty7: 10:32am On Sep 12, 2023 |
Re: CBN Stops Banks From Utilising Naira Devaluation Gains by specialmati(m): 10:32am On Sep 12, 2023 |
what happen to e naira self |
CBN’s New FX Guidelines Hold Mixed Fortunes For Banks / Open A Dollar ($) Account In Nigeria / Naira Sinks To 378/dollar As Analysts Expect MPC Action
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