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Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC (1873 Views)

CBN Sells Dollars To BDCs Below Market Rate At ₦‎1,101/$1 / CBN Sells Over $300m To Banks As Naira Gains / CBN Sells Dollars To Banks For First Time In 5 Months (2) (3) (4)

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Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by Hoelujohn: 12:09pm On Apr 23
CBN has done it again

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by citygarden(m): 12:15pm On Apr 23
As you are holding your dollars close, make sure you are also holding your handkerchief close. Instead of that invest in real estate.

3 Likes 1 Share

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by mobisonkk2: 12:15pm On Apr 23
Just wait for the first emergency lover of Nigeria to come and cry that we are defending naira. Like we should be defending rand.

1 Like

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by CodeTemplar: 12:16pm On Apr 23
But black market is still N200 away.

1 Like

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by nedu666: 12:24pm On Apr 23
On top 10k dollars. Does it mean bdc survive on 10k with 1.5% spread or there is something else going on
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by DevilsEqual(m): 12:37pm On Apr 23
CBN dey regulate anything

Up Cardi B 🔥🔥🔥

1 Like

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by seanfer(m): 12:45pm On Apr 23
nedu666:
On top 10k dollars. Does it mean bdc survive on 10k with 1.5% spread or there is something else going on

They buy from people who have dollar at hand.

2 Likes

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by ChybuzzDD(m): 12:49pm On Apr 23
mobisonkk2:
Just wait for the first emergency lover of Nigeria to come and cry that we are defending naira. Like we should be defending rand.

But when Emefiele was doing the same thing, you hypocr!tes were cursing him

Suddenly, you guys have become emergency lovers of Nigeria since your drugbag kinsman is in charge.

5 Likes 1 Share

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by Paraman: 12:57pm On Apr 23
Hoelujohn:
CBN has done it again
What's the latest price?
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by Paraman: 12:57pm On Apr 23
ChybuzzDD:


But when Emefiele was doing the same thing, you hypocr!tes were cursing him

Suddenly, you guys have become emergency lovers of Nigeria since your drugbag kinsman is in charge.
Why will anybody curse Emefiele for selling dollars to BDC? In 2021 or 2022, when Emefiele stop selling dollars to BDC, I doubt people complained
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by helinues: 1:04pm On Apr 23
Who have they been selling dollar fo in bulk if not BDC?
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by helinues: 1:04pm On Apr 23
Paraman:
What's the latest price?

N1021
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by ChybuzzDD(m): 1:27pm On Apr 23
Paraman:
Why will anybody curse Emefiele for selling dollars to BDC? In 2021 or 2022, when Emefiele stop selling dollars to BDC, I doubt people complained

You think you're smart?
We're talking about defending the naira, not where you've diverted to

1 Like

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by nawaforyouo: 1:51pm On Apr 23
The outcome of last week has already washed down the potency of this move (News about depleting reserves and all)

CBN needs to step up their game

Black market now at 1270

CBN messed up big time. They should not have rushed this Naira appreciation strategy. They had all in their favor, yet the messed up!

Imagine, this came out yesterday, but had no affect on today's rate. WTF?!

1 Like

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by leokid866: 1:57pm On Apr 23
CodeTemplar:
But black market is still N200 away.
stop lying black market is been sold at 900+.....right now official market rate is higher than black market....
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by Paraman: 2:00pm On Apr 23
leokid866:
stop lying black market is been sold at 900+.....right now official market rate is higher than black market....
At where?
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by leokid866: 2:02pm On Apr 23
nawaforyouo:
The outcome of last week has already washed down the potency of this move (News about depleting reserves and all)

CBN needs to step up their game

Black market now at 1270

CBN messed up big time. They should not have rushed this Naira appreciation strategy. They had all in their favor, yet the messed up!

Imagine, this came out yesterday, but had no affect on today's rate. WTF?!
stop lying black market is below 1k.....everyone shouting dollar went up last week forget you were looking at bank rate used for those who want to trade with the bank and institutional investors......I don know say CBN go reduce selling rate to BDC this week and everybody wey dey Street dey form dollar is rising go cry.....better carry your money to the bank and get better rate......

1 Like

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by leokid866: 2:03pm On Apr 23
Paraman:
At where?
ask google.....
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by nawaforyouo: 2:04pm On Apr 23
leokid866:
stop lying black market is been sold at 900+.....right now official market rate is higher than black market....

This is a lie

current rate on the streets is 1270 (buying from Aboki)

Why are people so detached from reality like this?

2 Likes

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by nawaforyouo: 2:06pm On Apr 23
leokid866:
ask google.....

Which google?

lol... You are delusional
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by leokid866: 2:07pm On Apr 23
nawaforyouo:


This is a lie

current rate on the streets is 1250+

Why are people so detached from reality like this?
lol.....continue lying to yourself....Aboki go collect from CBN at 1100 and now buy from you at 1250 because your own dollar is special or are you looking at those crypto site that you soon won't be able to withdraw from.....🤣🤣🤣
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by Paraman: 2:09pm On Apr 23
leokid866:
ask google.....
I thought you had a brain.
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by nawaforyouo: 2:11pm On Apr 23
leokid866:
lol.....continue lying to yourself....Aboki go collect from CBN at 1100 and now buy from you at 1250 because your own dollar is special or are you looking at those crypto site that you soon won't be able to withdraw from.....🤣🤣🤣

sad

I really wanted this thing to go to at least 850...

But Cardoso rushed his plan. and the world has seen the game plan!!!

So, it is pointless being delusional about this. The plan don cast. Imagine circular released yesterday. By today we should have seen a reduction in the rates, but we are seeing an increase!

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by leokid866: 2:12pm On Apr 23
nawaforyouo:


sad
lol you deh go online I pity you....no enter street.....dey online dey whine yourself 🤣🤣🤣
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by leokid866: 2:14pm On Apr 23
Paraman:
I thought you had a brain.
person wey be mumu.....dey there dey hold your dollars don't go and sell it na when the thing enter 700 your eye go clear.....🤣🤣🤣🤣🤣
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by leokid866: 2:15pm On Apr 23
nawaforyouo:


Which google?

lol... You are delusional
okay dey dere no enter street.....in a few weeks dollar will enter 700 for street na that time una eye go clear 🤣🤣🤣🤣
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by nawaforyouo: 2:17pm On Apr 23
leokid866:
ask google.....

leokid866:
okay dey dere no enter street.....in a few weeks dollar will enter 700 for street na that time una eye go clear 🤣🤣🤣🤣

You first say check google

now you say enter street grin

I understand bro....

No worry you go dey alright.
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by leokid866: 2:18pm On Apr 23
nawaforyouo:


I understand bro....

No worry you go dey alright.
don't worry CBN will reduce rate again next week make you continue dey find who go buy from you at 1270.....🤣🤣🤣
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by leokid866: 2:22pm On Apr 23
nawaforyouo:


sad

I really wanted this thing to go to at least 850...

But Cardoso rushed his plan. and the world has seen the game plan!!!

So, it is pointless being delusional about this. The plan don cast. Imagine circular released yesterday. By today we should have seen a reduction in the rates, but we are seeing an increase!
continue lying to yourself even Abokifx no lie reach 1270......you people just find delusional people like yourself to quote rubbish rate for you and then cling to it.....if it sure for you enter street ask for this rate make we see if the Aboki no go slap you.....
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by nawaforyouo: 2:28pm On Apr 23
leokid866:
continue lying to yourself even Abokifx no lie reach 1270......you people just find delusional people like yourself to quote rubbish rate for you and then cling to it.....if it sure for you enter street ask for this rate make we see if the Aboki no go slap you.....

embarassed

https://abokifx.com/news/naira-depreciates-further-at-parallel-market-trades-at-n1-260-the-cable?type=market

Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by leokid866: 2:40pm On Apr 23
Re: Breaking News: Dollars Tumbles Against Naira Has CBN Sells Dollars To BDC by jasent(m): 3:23pm On Apr 23
citygarden:
As you are holding your dollars close, make sure you are also holding your handkerchief close. Instead of that invest in real estate.
Lol. It's actually the other way round. Dollar is dollar any day any time

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