CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks - Business (5)

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CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks - Business (5) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks (17452 Views)

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Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Evercurious(f): 10:57pm On Mar 22

NLPoliceWoman:
[b][/b]
Dominique Justwise Mynd44.
Rule 8.
Rule 2.

Abeg carry your nonsense fly commit for here.. Did that guy tell any lie there? Enablers of rubbish

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Evercurious(f): 10:58pm On Mar 22

softtorce:

fergie001 mynd44 nlfpmod Seun Dominique Mukina2
Rule 2

Reporter 😂 .. abeg get busy with being productive and not acting as a nuisance

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Abbeytoy(m): 10:59pm On Mar 22

Kukutente23:

That's the reality.
It made the news when they did

Official news or propaganda?

Anyway, you're free to believe whatever you want to

1 Like

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Evercurious(f): 11:03pm On Mar 22

Cajal:

DSS MAY LOCATE YOU
...

For exposing their propaganda or what?

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Donaldoni: 11:08pm On Mar 22

Dougad:

You, a low iq yoruba apc fool makes an utterly stupid statement with full confidence that is easily nullified with a simple google search just to back the ape-like microphone-licking fool sitting on aso rock.

I posted the screenshot to show you your stupidity to your face and the bastard son wey no know e papa say I dey wait make e reach 3000.

If you can even find a single comment on my page where I rejoiced at the fall of the naira, screenshot and post make I use shame deactivate my account.

Useless stinking ewedu eating afónja wan tell me word. Your ashawo mama never even baf

You didn't nullify anything dullll*rd! cheesy

Only pigggs will not celebrate small wins and achievements while anticipating bigger ones angry

Una go grunt to death tongue

1 Like

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Shakirababy(f): 11:20pm On Mar 22

Scamburster:

Please if you manage slap that imb just give me location, let me go and finish it up. Those people are not worthy to be among sane people honestly.

Okay dear

These people are something else

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by femi4: 12:22am On Mar 23

post=129059783:
A good development.

Slow and steady we will get to the nation of our dreams,
A land flowing with milk and honey.

God bless Nigeria 🇳🇬.

We Rise.

This is not an achievement...stop celebrating mediocrity. They met it at N700, anything higher than that isn't an achievement

2 Likes

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Okeona: 12:40am On Mar 23

PHIPEX:
See how badly damaged we have become. We are now to celebrate naira at over 1400 to a dollar as improvement

Do you expect it to jump down to 200 overnight? Appreciate the gradual development.

1 Like

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Shimbo96(m): 12:43am On Mar 23

Arobaga:
Wetin be that CBN guy name

Cardiovascular abi wetin them dey call am

That guy na big failure

Now think about this, how much more billions of dollars can Nigeria afford to be paying off FX

This is just like paying dollar subsidy

Every week they’re pumping money to stop dollar from drinking viagra make e no rise

Shebi dollar was N1300 yesterday e don enter 1431 and una dey hype rubbish

Useless Tinubu

just imagine if money can buy sense,,, I feel your plight 😏

1 Like

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by khattab02: 12:47am On Mar 23

It is a pitiable dismal pissmal, it is regrettably lugubrious that a small rise is now celebrated when the fall to the current stage was almost endless and have caused so many things badly.

We know where it was before they came for the thorough house cleansing that brought us now down to our feet.

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by PropertyBuying(f): 12:52am On Mar 23

How is this paying up when dollar isn't yet back to ₦2 to $1 ?

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by khattab02: 12:54am On Mar 23

PropertyBuying:
How is this paying up when dollar isn't yet back to ₦2 to $1 ?

Lol. This na eternal dream oo. grin

Let them finish their thorough house cleaning and bring it back to where they met it (700) then we can move from there.

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Terrahawk: 1:17am On Mar 23

Nigeria is making progress, little by little. Meanwhile they are still busy eating eachother in the south east.....

1 Like

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by DenreleDave(m): 2:09am On Mar 23

Goodlady:

Sharap. The man said something meaningful

Are you normal at all?

Na me u dey talk to àbi u do mistake

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by DenreleDave(m): 2:13am On Mar 23

bionixs:
LP. Has your master returned the stolen mandate or do we start blaming the victims he robbed ?

I can see where ur sickness started

Who is the victim abeg?

Is it GBAJUE?

1 Like

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Omalicious1: 3:23am On Mar 23

fergie001:

SOURCE

Until it drops to at least 3 digits, then forget it

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Lance008(m): 3:30am On Mar 23

post=129059783:
A good development.

Slow and steady we will get to the nation of our dreams,
A land flowing with milk and honey.

God bless Nigeria 🇳🇬.

We Rise.

We all pray so
But if the economy stil Dey verge to destroy mak God still help us

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by OLOKOESHIN: 4:03am On Mar 23

Arobaga:

You dey mind them

Someone came within 7days the self acclaimed technocratic Buffon took dollar from 700 to 1500 and they’re celebrating

Na Mumu go rush go sell out him dollars and bitcoin

Is it not Tinubu again? Economy gi soon spoil more join the one e don spoil before

At least you don get 28 likes from Obidient...no go cash out on Twitter. Your Elupee mate dey cash out often

1 Like

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by worksmart(m): 5:01am On Mar 23

Because Tinubu forcing BDCs to sell at Dollar N1,400, it is just eye-services and he knows it is not sustainable.

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by shevon: 5:57am On Mar 23

I'm not impressed with the numbers they are throwing around until it starts translating to lower prices for goods and services. Whenever you complain about high cost of commodities, they are quick to tell you "Dollar don rise", but now that dollar is falling, the costs aren't dropping. Make we see wetin go happen in coming weeks/months with this Naira appreciation (which is very good on the surface o)

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by lanre316: 6:13am On Mar 23

Without foreign earnings, I don't think these gains are sustainable. Let's encourage local production exportation, encourage trades in naira and reduce the volume of goods we import. Naira will rise naturally and permanently. Not this artificial temporary rise.

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Alba3: 6:24am On Mar 23

DenreleDave:

You are always hunting for front page so that your fellow Obirodent can give u likes

If you are doing all these for likes, then u must be really not sane. Your mates are on twitter using Labour Party and eluppee to cash out money but u r looking for likes on nairaland

Taylor98 aka Lagosfirstson aka SpartaOfLagos aka Arobaga aka AlhajiCSO

You will surely get the likes u r looking for. But after that, what else

How much for dollar on kucoin abeg

He's on the payroll of Seun and the mods. He is not only insulting the president at every thread but he also breaks rule 2 and 8 at will with no mod cautioning him.

1 Like

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Angy55(f): 6:47am On Mar 23

Eagle360:
But prices of basic and non basic commodities keep rising. Why?

Blame the Market women.

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Kukutente23: 7:33am On Mar 23

Abbeytoy:

Official news or propaganda?

Anyway, you're free to believe whatever you want to

Hahaha
It was official news whatever they means. Punch newspaper reported it.

It said the allocation would be sold at a rate of N1,301/$, reflecting the lower band rate of executed spot transactions at the Nigerian Autonomous Foreign Exchange Market as of the previous trading day, dated February 27, 2024.

This means BDCs will buy at N1,301 and sell at ₦1,314.01.

https://www.google.com/amp/s/punchng.com/cbn-resumes-forex-sale-to-bdc-operators-after-three-years/%3famp

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by PHIPEX(m): 8:34am On Mar 23

Okeona:

Do you expect it to jump down to 200 overnight? Appreciate the gradual development.

But you jumped to 1700 overnight

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by uduigwomen(m): 10:43am On Mar 23

I won't give credit to government on this. After heavy damage to our currency and now doing cosmetic remedy. Until I see Naira below the rate they met it, then I will give them commendation

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Goodlady(f): 12:28pm On Mar 23

DenreleDave:

Are you normal at all?

Na me u dey talk to àbi u do mistake

Let's say it's you am referring to.
Wetin go happen?
E o le fokonla deru bami.

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by ehsan55p: 1:27pm On Mar 23

Nigeria and Mediocrity is 1+1=1Nigeria and Mediocrity is 1+1=1...

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by IMAliyu(m): 4:11pm On Mar 23

Dougad:

Tell your stupid father to shut up. Useless dimwit looking to fool his fellow low iq agbadorian

That was the official cbn pegged rates, which was extremely difficult to obtain.

It's was trading at around 700 on the parallel markets at the time.

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Digmygold: 5:48pm On Mar 23

Arobaga:
Wetin be that CBN guy name

Cardiovascular abi wetin them dey call am

That guy na big failure

Now think about this, how much more billions of dollars can Nigeria afford to be paying off FX

This is just like paying dollar subsidy

Every week they’re pumping money to stop dollar from drinking viagra make e no rise

Shebi dollar was N1300 yesterday e don enter 1431 and una dey hype rubbish

Useless Tinubu

Let them take it back to #150. Okonjo Iweala is needed in this Country not the dull heads placed in position via nepotism aka "man know man".

1 Like 1 Share

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by captaininiobong(m): 8:32pm On Mar 23

fergie001:

SOURCE

They have go and pump naira into it. You can't run away from doing the right thing.

1 Like

Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by CockPit: 4:30am On Mar 24

4right:

CAPITAL BIG LIES!!!!

I deal with Economics data analysis.
The fall across the Board against almost all currencies been Pounds or Eur, it was due to what America FED (Just like CBN for Nigeria ,is FED for USA).
The FED decided to keep the National Interest Rate on Changed 5.5%.
Note: - CBN is trying but they are not responsible for this recent developments.

Are you an Economic graduate/ Very good at Economics, I have a project and will pay or If you know anyone who is a very good economics graduate or student.

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