Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,152,256 members, 7,815,398 topics. Date: Thursday, 02 May 2024 at 11:46 AM |
Nairaland Forum / Nairaland / General / Business / Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines (13702 Views)
Foreign Airlines Dispute CBN’s Claim Of Settled FX Backlog / CBN Settles All FX Backlog As External Reserves Rise To $34.11 Billion / CBN Releases $265 Million To Airlines Over Repatriation Challenges (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Elemosho478: 3:31pm On Jan 18 |
Nigeria's central bank has cleared the entire foreign exchange forwards liability of 14 banks, an official said on Wednesday, adding that settlements with foreign airlines have now begun. Africa's biggest economy has about $7 billion in forex forwards that have matured, a major concern for investors as foreign currency shortages continue to weigh down the naira currency, despite assurances by the Central Bank of Nigeria (CBN) to clear the backlog. https://www.reuters.com/world/africa/nigeria-central-bank-clears-14-banks-fx-backlog-turns-airlines-2024-01-17/ 15 Likes 1 Share
|
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Omihanifa: 4:19pm On Jan 18 |
Despite clearing the FX backlogs of 14 banks the naira is on its way 1,500 naira to a dollar. 16 Likes 2 Shares |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by sukkot: 4:49pm On Jan 18 |
cool runnings |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by lordm(m): 4:49pm On Jan 18 |
Where is the dollar |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by ukamowor(m): 4:50pm On Jan 18 |
That means flight from Nigeria to London will be cheap?? No more traveling from Benin to Uk abi? So flights from Lagos to Abuja will be around 20-30k ?? 9 Likes
|
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by sweetkev(m): 4:50pm On Jan 18 |
Confusion everywhere. No direction. The only solution is to japa. 1 Like |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by omenka1: 4:50pm On Jan 18 |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Siberia01(m): 4:51pm On Jan 18 |
Make we dey clear dey go |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by tommy589(m): 4:51pm On Jan 18 |
Nice move 2 Likes 1 Share |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by richkal(m): 4:52pm On Jan 18 |
Na backlog person go chop Common man just want to buy cheap food stuffs in the streets, stay in affordable house and live good life. Lobatan. 3 Likes |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by SIXFEETUNDER: 4:52pm On Jan 18 |
FG should privatize FAA and central bank and see how the economy skyrocket 3 Likes |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Brendaniel: 4:57pm On Jan 18 |
Using loan to clear debt to incur another bigger debt - Tinubu and his supposed technocrats Ironbull: The same Tinubu brought the same Buhari to do damage first, also this method I feel is just cosmetic approach, taking loan to clear debt to incur bigger debt with so much waste in governance... 5 Likes |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Ironbull: 4:57pm On Jan 18 |
Omihanifa: Pls always be positive the Fed govt doing everything to fix so many things if Buhar had been these proactive Nigeria will not be in these deep total economic mess. 19 Likes |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Winning123: 5:00pm On Jan 18 |
Omihanifa: Naira is week because people like you have too much penchant for foreign products. Also what production activities do you do to shore up the Naira. It is not magic, so go get busy and be productive rather than moaning all the time. 17 Likes |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Blackfire(m): 5:02pm On Jan 18 |
My aboki told me that d9llar will hit 1500 by February march... and by December it will be 2000 Keep ya emotion this is reality 4 Likes 1 Share |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by nairalanda1(m): 5:03pm On Jan 18 |
Omihanifa: Because we are not earning enough dollars to buffer it. Strong economies that are at par with the dollar have something we don't have. Industries that actively export...and crucially, unlike oil, these industries can set their prices as high as they want, and their governments find way to support them. 6 Likes |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by GreaterFuture(m): 5:05pm On Jan 18 |
OKAY.... Save money, reduce costs get cheaper FX and Dollars 👇🏽👇🏽 AliExpress checkout available, @ ₦1250/$ Yes, ₦1250 Per USD. I don't think you can see it cheaper anywhere else... ALIEXPRESS only. NO ALIBABA, AMAZON, EBAY etc.. ALIEXPRESS ONLY Come and make all your orders and payments. Save money, reduce Costs, make more profits... Good afternoon |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by oluwaseyi0: 5:06pm On Jan 18 |
is our dollar earning that low? compare to our huge population 1 Like |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Ironbull: 5:06pm On Jan 18 |
Brendaniel: Point of correction Tinubu never started Gej must go it was our own brothers Amaechi, Slyvia then Baraje that opened the floor and Tinubu and others tapped into it so stop blaming Tinubu only for Buhari disaster. 4 Likes |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Earlystar698(m): 5:10pm On Jan 18 |
Ayam no understanding it |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Lanretoye(m): 5:11pm On Jan 18 |
Brendaniel:pessimistic thinking don shape your your life the way u want,na you borrow them money wey them take pay am.shay na economic hardship come convert your life like thisone. 3 Likes |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Eriokanmi: 5:12pm On Jan 18 |
Omihanifa:1330/1,341 as at today, na for where you see 1,500? |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Brendaniel: 5:13pm On Jan 18 |
Ironbull: Tinubu declared on National TV that he brought Buhari to power so that he can become president after Buhari, he said he traveled to Katsina to strike the deal with Buhari. Are you saying Tinubu is lying? 4 Likes |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Ironbull: 5:16pm On Jan 18 |
Brendaniel: Hello stop bothering over nonsense ok. Buhari is gone and gone. |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Brendaniel: 5:20pm On Jan 18 |
Ironbull: You call the damage Buhari did to Nigeria with the support of Tinubu nonsense? 1 Like |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Brendaniel: 5:22pm On Jan 18 |
Lanretoye: Oga shut up, I should keep quiet while evil leaders like Tinubu and Buhari destroy the country? No way dude, if it pains you that I speak the truth you can join Buhari in Daura... 2 Likes |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Ironbull: 5:25pm On Jan 18 |
Brendaniel: Now I can see you very unstable, sorry end of story. No need answering you. |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by sonofthunder: 5:27pm On Jan 18 |
Elemosho478: What does this signify for the common man |
Re: Nigeria Central Bank Clears 14 Banks' FX Backlog, Turns To Airlines by Brendaniel: 5:30pm On Jan 18 |
Ironbull: So the truth to you means instability? 1 Like 1 Share |
CBN Stops Banks From Utilising Naira Devaluation Gains / CBN’s New FX Guidelines Hold Mixed Fortunes For Banks / Open A Dollar ($) Account In Nigeria
(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. 45 |