Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,766 members, 7,820,676 topics. Date: Tuesday, 07 May 2024 at 07:16 PM

CBN Plans Massive Shake Up In Black Market FX - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / CBN Plans Massive Shake Up In Black Market FX (1156 Views)

Re: FG Outlaws Black Market FX Deals …analysis / NGOs Withdraw Workers As Boko Haram Plans Massive Attacks On Borno, Yobe / FIRS N8.5 Trillion Target: 50 Directors, Others Affected In Massive Shake-Up (2) (3) (4)

(1) (Reply) (Go Down)

CBN Plans Massive Shake Up In Black Market FX by Ibusho: 8:41pm On Jan 10
The CBN will soon issue a regulation on FX, please don't buy and keep again ooo. Keep safe and watch. If u have plenty just sell
Re: CBN Plans Massive Shake Up In Black Market FX by BloomingDale(f): 8:52pm On Jan 10
Ibusho:
The CBN will soon issue a regulation on FX, please don't buy and keep again ooo. Keep safe and watch. If u have plenty just sell

Sell for Naira?
Re: CBN Plans Massive Shake Up In Black Market FX by HeatSeeker(m): 9:06pm On Jan 10
Ibusho:
The CBN will soon issue a regulation on FX, please don't buy and keep again ooo. Keep safe and watch. If u have plenty just sell

We have been hearing this since last year, yet the nosedive of the Naira has continued unabated.

1 Like

Re: CBN Plans Massive Shake Up In Black Market FX by FreeStuffsNG: 9:08pm On Jan 10
HeatSeeker:


We have been hearing this since last year, yet the nosedive of the Naira has continued unabated.
Smh. How long ago have you heard that both board and management of 4 commercial banks got sacked in one fell swoop on same day the MD of Zenith, Jaiz and Polaris are in EFCC net?

2 Likes

Re: CBN Plans Massive Shake Up In Black Market FX by HeatSeeker(m): 9:15pm On Jan 10
FreeStuffsNG:

Smh. How long ago have you heard that both board and management of 4 commercial banks got sacked in one fell swoop on same day the MD of Zenith, Jaiz and Polaris are in EFCC net?

Abeg rest.

The challenges of the banking sector and economy at large seem to be overwhelming for Cardoso. Apart from the usual propaganda backed rhetoric, what has he done to gain and inspire the confidence of the Nigerian populace?

1 Like

Re: CBN Plans Massive Shake Up In Black Market FX by eliyke(m): 9:19pm On Jan 10
FreeStuffsNG:

Smh. How long ago have you heard that both board and management of 4 commercial banks got sacked in one fell swoop on same day the MD of Zenith, Jaiz and Polaris are in EFCC net?
And so? even with d arrest of d former cbn governor sef,no changes

Re: CBN Plans Massive Shake Up In Black Market FX by dadavivo: 9:21pm On Jan 10
Rubbish
Re: CBN Plans Massive Shake Up In Black Market FX by ChimaAdeoye: 9:25pm On Jan 10
HeatSeeker:


We have been hearing this since last year, yet the nosedive of the Naira has continued unabated.

This regime has carried on with Buhari's wasteful policy of merely printing more naira notes , depleting the national foreign exchange reserves and borrowing massively !

Then they try to deflect the blame for the crashing naira on the poor roadside aboki forex dealer! As if any aboki has the power to determine the dollar, Euro or British pound exchange rate!

Exactly the distraction that Buhari and Emiefele used in claiming that one aboki website was responsible for the depreciating naira exchange rate! While they very well knew they had printed and pumped in extra #27 TRILLION paper naira into the economy with nothing to back the extra printed naira notes!

Not to mention the frenzy of racking up foreign debts as if it was going out of fashion and bringing our foreign reserves to almost zero from more than $55 billion dollars where they met it!

4 Likes

Re: CBN Plans Massive Shake Up In Black Market FX by KillahPriest: 9:32pm On Jan 10
Massive shake up like when they were cutting trees all over Abuja to defend the naira or when they banned AbokiFX for same silly reason ? All to the thunderous applause of BMC zombies and agbadô lunatics as usual. Anyways, this looks like a red herring to trick people into panick sales at a cheaper rate so as to force down the price of forex. Economics has no feelings or sentiments, numbers don't lie. Do what you're supposed to do as a government to encourage manufacturing and especially exports and the dollars you're looking for like a mugu will come looking for you by itself. Until then, you're all a bunch of clueless jokers. Egberi fa cool

4 Likes

Re: CBN Plans Massive Shake Up In Black Market FX by Macdeey: 10:28pm On Jan 10
Ibusho:
The CBN will soon issue a regulation on FX, please don't buy and keep again ooo. Keep safe and watch. If u have plenty just sell
And you are "" Who """ ? If I may ask 🤔
Re: CBN Plans Massive Shake Up In Black Market FX by yomi007k(m): 10:36pm On Jan 10
Ibusho:
The CBN will soon issue a regulation on FX, please don't buy and keep again ooo. Keep safe and watch. If u have plenty just sell

Similar nonsense you posted a year ago in Feb 2023.

No go find work do.

2 Likes

Re: CBN Plans Massive Shake Up In Black Market FX by Gboss247(m): 12:26am On Jan 11
ChimaAdeoye:


This regime has carried on with Buhari's wasteful policy of merely printing more naira notes , depleting the national foreign exchange reserves and borrowing massively !

Then they try to deflect the blame for the crashing naira on the poor roadside aboki forex dealer! As if any aboki has the power to determine the dollar, Euro or British pound exchange rate!

Exactly the distraction that Buhari and Emiefele used in claiming that one aboki website was responsible for the depreciating naira exchange rate! While they very well knew they had printed and pumped in extra #27 TRILLION paper naira into the economy with nothing to back the extra printed naira notes!

Not to mention the frenzy of racking up foreign debts as if it was going out of fashion and bringing our foreign reserves to almost zero from more than $55 billion dollars where they met it!
The new CBN governor is printing N1 trillion per month and don't forget that rhe enaira rose by 200% plus with the naira stablecoin which will result in more money in circulation equating higher inflation rates, and higher forex rates and higher prices of commodities for the masses.
Re: CBN Plans Massive Shake Up In Black Market FX by mactoni91(m): 1:23am On Jan 11
Story...

People are now stashing up in USDT.

They no longer trust CBN and Nigerian banks.

1 Like

Re: CBN Plans Massive Shake Up In Black Market FX by millhouse: 1:47am On Jan 11
Ibusho:
The CBN will soon issue a regulation on FX, please don't buy and keep again ooo. Keep safe and watch. If u have plenty just sell
get a job pls .. we tired of your same old rhetorics

(1) (Reply)

“I Started The Slogan ‘no Gree For Anybody'” – Yul Edochie / "I Was Never Desperate To take over My Father's Business Empire" - Neya Kalu / See Why APC Will Win 2027 Presidential Election Convincingly

(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. 22
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.