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Nairaland Forum / Nairaland / General / Business / BDCs Now Buying Dollar At ₦980 — ABCON President (14757 Views)
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Re: BDCs Now Buying Dollar At ₦980 — ABCON President by WorldRichest: 10:09am On Apr 18 |
BadMaster: We will soon arrest the owners of that your OKX 5 Likes 1 Share |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by abdulskulboy(m): 10:11am On Apr 18 |
temptnow: A f@ol at 40 is a fo*l forever 5 Likes |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by Hoelujohn: 10:12am On Apr 18 |
temptnow:QUOTE OF THE DAY: "The CBN is NOT defending the NAIRA! We do not intend to defend the Naira, our policy is clear! A free market, with little or no intervention from the CBN. Our policy remains a willing buyer and a willing seller. The depletion you noticed in our foreign reserve is due to debt obligations inherited, and we just have to settle these debt obligations. It is part of our responsibilities. Such depletion is what you observe with any foreign reserve anywhere in the world. The foreign reserve will reduce and it will increase as we get more inflows. We just received a 600 million dollar inflow. We don't need to defend the Naira; it's not our intention to do so." - Dr Olayemi Cardoso 6 Likes 1 Share |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by stasius: 10:16am On Apr 18 |
Cardoso well done sir. 3 Likes |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by effectz123(m): 10:17am On Apr 18 |
Tolu181: Black market or crypto? 3 Likes |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by phemray(m): 10:18am On Apr 18 |
ManirBK: Very possible sir, I love you positivity. I think it's possible over years, because just imagine if dangote and PH refinery can produce and sell fuel and products consistently for 8 years non stop. Other African countries buying fuel by exchanging Thier dollars to naira before buying, What will happen to naira will be more than stronger. 3 Likes 2 Shares |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by cerpvad(m): 10:21am On Apr 18 |
It will take a gradual process for prices of goods and services to come down SpecialAdviser: 1 Like |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by Kingrshd3: 10:22am On Apr 18 |
SpecialAdviser: Yes it will still high but with time within a month it will drop |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by Babastrong(m): 10:25am On Apr 18 |
[quote author=sweerychick post=129501244] yes oo when our FX runs dry.. Tinubu is subsidizing dollars . I remember what Aisha said, KEEP YOUR DOLLARS OOO. by next year it would hit 5K. I hope im wrong oo[you quoted slowpoke(AISHA)] |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by saddler: 10:26am On Apr 18 |
emkz: You have a problem understanding English language that's why you concluded he said cbn is not defending the naira. Get an English teacher and pay them to explain the interview to you again. |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by zionstaar75: 10:27am On Apr 18 |
sweerychick:only a fool will listen to a nonentity like aisa 4 Likes |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by tollyboy5(m): 10:28am On Apr 18 |
sweerychick:No you're not wrong, keep your dollar closer , that one Na if you get dollar sef. Omo asé 1 Like |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by Noblemanonpoint: 10:29am On Apr 18 |
BadMaster:USDT is not the same as USD. Get it? 1 Like |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by nawaforyouo: 10:29am On Apr 18 |
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Re: BDCs Now Buying Dollar At ₦980 — ABCON President by stacyadams: 10:30am On Apr 18 |
SpecialAdviser:custom import duty is high 1 Like |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by tollyboy5(m): 10:32am On Apr 18 |
saddler:Olodo he said even at that. Read the comment again and this time slowly without hatred. First remove the bitterobi spirit in you then read again. Thanks. 3 Likes |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by rapheal5(m): 10:37am On Apr 18 |
olarent:what'st the price of groundnut oil and palmoil at papa... |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by Fearyourcreator: 10:37am On Apr 18 |
CodeTemplar:1k 1 Like 1 Share |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by Fearyourcreator: 10:37am On Apr 18 |
sweerychick:Ok |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by akanjikokoro: 10:38am On Apr 18 |
I want it to finally drop to 100 naira per dollar. |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by Reality3080: 10:43am On Apr 18 |
ngwaIgbo223:typical igbo hater Even if he makes it 1 naira to 1 dollar u igbos will still not b satisfied 3 Likes |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by favor914: 10:44am On Apr 18 |
CodeTemplar:Na turn by turn, very soon we go face that one, just calm down, and enjoy the ride. 1 Like |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by emkz: 10:45am On Apr 18 |
saddler: I think you need a psychiatrist. https://www.vanguardngr.com/2024/04/cbn-not-using-foreign-reserves-to-defend-naira-cardoso/ |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by favor914: 10:46am On Apr 18 |
rapheal5:Go ask your brothers for market wey dey exploit you. Your brother buy product for 100, come sell am to you from 350, you wan blame Federal Government? Why you no blame the state government for price control? |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by seborrhic: 10:54am On Apr 18 |
What I just see in some of the responses is people wishing the ₦ continues doing badly and sad it's doing well. How can any sensible person living and earning within Nigeria in ₦ wish and hopes the ₦ continues sliding?This one just beats my comprehension. That's a whole new level of depravity. For some others asserting that this appreciation would soon lead to the wiping offf of our foreign reserves because they believe that is what the CBN is using to prop up the Naira,the question they should answer is this:does it mean Nigeria hasn't been earning any foreign exchange during these time and won't earn more as the days and months go by? 3 Likes 1 Share |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by clems88(m): 10:57am On Apr 18 |
Noblemanonpoint:rubbish! If not the same then why did the stupid government stop binance from operating it psp and also the trading of usdt/ngn |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by Apel147(m): 11:01am On Apr 18 |
1 Like |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by sweerychick(f): 11:06am On Apr 18 |
Hoelujohn:and you believe that crap? Is there any forensic Audit to back up the claim?.. don't worry una eyes go soon clear 1 Like |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by seborrhic: 11:06am On Apr 18 |
nairalanda1:What exactly is your point? The Japanese yen is 150/$ The South Korean Yuan is 1370/$ These are 2 of the strongest economies in the world. A country's economic strength is not determined by the face value on it's currency,but on it's earning power,get that into your thick skull. 2 Likes |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by Fiscus105(m): 11:08am On Apr 18 |
emkz: Do u need to argue and educate clowns? They want their statistician general to be president at all cost, statistician that once ruled a small republic and came out with next to nothing with shares he foolishly acquired "after carried money go panama save haven" I'm very critical of Tinubu from very beginning, but his policies of recent made me to start changing mindset. The man really wants to solve Nigeria hydra-headed problems. For the "dot nation', they would never see joy for next 7 + another 8 years. Pls allow them to wail, but make sure they weep inside basket. 2 Likes |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by beejay85: 11:15am On Apr 18 |
spagettiluv:So pe "OTILO" |
Re: BDCs Now Buying Dollar At ₦980 — ABCON President by beejay85: 11:17am On Apr 18 |
eddychukwu:o ti lo |
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