Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,160,493 members, 7,843,501 topics. Date: Wednesday, 29 May 2024 at 06:56 AM |
Nairaland Forum / Nairaland / General / Business / Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud (25538 Views)
Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others / Naira Hits N1,825 To Dollar Despite EFCC Gun Rescue Attempt / Naira's Free Fall Continues, Now Exchanging At ₦550 To $1 (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by JamiuKabir: 10:14am On Sep 10, 2021 |
amazing... |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by justmondris: 10:15am On Sep 10, 2021 |
You are warning banks but your aboki people are still selling and buying dollars in black market with full confidence. Were they excepted from this new FX policy? |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Digiprof: 10:16am On Sep 10, 2021 |
How did we get here? God help us. |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by armadeo(m): 10:16am On Sep 10, 2021 |
Na wa oh |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by PotatoSalad(m): 10:17am On Sep 10, 2021 |
Mystic216:No advantage if you still have to buy products at inflated prices 3 Likes |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by chinchonglee(m): 10:18am On Sep 10, 2021 |
fasho01:You dnt knw what you are saying... Things were better 60yrs back than now.. Ask your dad. 1 Like |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Dialpad: 10:18am On Sep 10, 2021 |
Allow Nigerians to spend dollars ($3000 minimum) using their visa/Master card The rates will drop significantly Don't tell me emefele does not realize this. 10 Likes |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Andyvilly: 10:18am On Sep 10, 2021 |
This will give the e naira a good launching pad, it's their hidden agenda. |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by OBTMOS(m): 10:19am On Sep 10, 2021 |
What are they doin consigning this Naira depreciation. Isn’t this too much? |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by DryMouth: 10:20am On Sep 10, 2021 |
Freshvine I hope you see this |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by NaijaCoverBlog(m): 10:22am On Sep 10, 2021 |
Nawa o |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Valuepaints20(m): 10:22am On Sep 10, 2021 |
It's well o |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by qtguru(m): 10:22am On Sep 10, 2021 |
Well good news for dollar earners. It's made Career take a back seat, Gig Economy is making the impact for survival. |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Lotti(m): 10:23am On Sep 10, 2021 |
With the bullish trend of the naira, forex is the way to go |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Homeboiy: 10:23am On Sep 10, 2021 |
How I wish say this woman go gree send me the 3000$ wey she promise me 1 Like |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by bizhop01: 10:23am On Sep 10, 2021 |
I want cash out make dollar hit 700 after next week, I pity those with saving account. |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Thunderfayayou: 10:25am On Sep 10, 2021 |
Abel7777: Boys are happy. If you know you know |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by hotseat: 10:25am On Sep 10, 2021 |
Emefiele deserves to be shown the door! The man, like his boss the Dumbo-in-Chief himself, has nothing to offer. The writing is on the wall for all to read. If this fellow is allowed to continue to head the CBN, it will only spell more doom for our economy. Simply put, the man does not know his onions! 1 Like |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Justinlean02(m): 10:26am On Sep 10, 2021 |
Buy TAT-COIN today thank me later |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by deleo16(m): 10:26am On Sep 10, 2021 |
650 it will be las las |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by AntiBMC(m): 10:26am On Sep 10, 2021 |
I said it that b4 ds clueless cl0wn leaves in 2023, dollar will be #1000. But as usual, BMC f00ls came to my mention to talk rvbbish. It will never be well with ppl who voted ds chaff twice. 1 Like |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Bacteriologist(m): 10:29am On Sep 10, 2021 |
Mystic216: Lol this statement can only come from someone who's not seeing the bigger picture. If you're earning dollars it's fine but you still have to spend in a failing economy. Earning in dollars is cool but it does not protect you from the other societal ills as a result of a receding economy. 2 Likes |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by ThEGodFaThEr103(m): 10:30am On Sep 10, 2021 |
Mystic216:How is it an advantage? You earn in dollar and then spend it in naira. Let me school you; the value of money is not determined by its quantity but by its purchasing power. Basic Economics 101. 3 Likes
|
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by RodgersAkpafu: 10:30am On Sep 10, 2021 |
Dialpad:Sometimes I feel they are doing this intentionally To create room for racketeering and profiteering The gap between official and black market needs to be wide for them to make easy money 3 Likes |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by RodgersAkpafu: 10:32am On Sep 10, 2021 |
ThEGodFaThEr103:If inflation wasn't a problem Then maybe the person you quoted will have a point But we are facing twin demons Inflation AND DEVALUATION earning in dollars saves you only from the latter The former is still waiting for you with sharp cutlass 3 Likes |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by bayelsaowei(m): 10:34am On Sep 10, 2021 |
Mumu Efcc.. |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Freebills12: 10:35am On Sep 10, 2021 |
[color=#000099][/color] SarkinYarki: This Hausa Fulani people self, Emelife should be sacked because Naira depreciated but Buhari who is the head of all failures should continue... Stupidity has no cure. 1 Like |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Parisian: 10:35am On Sep 10, 2021 |
Swears Mystic216: |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Yoighaman(m): 10:35am On Sep 10, 2021 |
What kind of useless government is this for Christ's sake? $1=N550?? God please intervene, this mannequin dullard is ruining Nigeria's economy. So bad that the Ghananian Cedi is now much more valuable than the Naira and even Benin Republic's currency that was nothing before is now at par with the Naira. God pleaseeee. 1 Like |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by Besk: 10:36am On Sep 10, 2021 |
SarkinYarki: Your comment is filled with hatred and no iota of basis. You’re probably a bitter BDC operator who was rightly deprived of profiteering from free dollars from the CBN. Stopping sale of dollars to BDCs was the right policy. The other problem they have refused to fix, which is one of the main root causes of this problem is individual dollar accounts. As far as I know, most of the educated folks in Nigeria who are slightly well to do, no longer save in Naira. Most funds are usually mopped up in their accounts and Converter to dollars for their dollar accounts in Nigeria. Imagine that on a daily basis? The sheer demand by lets says 25 million Nigerians converting Naira to dollar just because they don’t want to save in Naira? Which other country in the world allows this and prospers? Either for lack of political will or because they are huge beneficiaries of it too, they have refused to stop this practice and it is a huge strain on the currency value because of the huge dollar demands which mop up dollars that should be going to the productive sector. CBN should institute a policy whereby everyone that has a local dollar account must ensure that no more than 5% of their total money-in-the-bank at any point in time is held in a foreign-denominated local account. 1 Like |
Re: Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud by sammybest889(m): 10:38am On Sep 10, 2021 |
Abeg headache de worry me, abeg can someone help me and get shawacetamol
|
GTB Freezes My Account For False Loan / COVID-19 Funds Scam: Lady's BVN Used In Collecting Nirsal Loan / Fire Breaks Out in Onitsha Main Market, Shops And Offices Destroyed Photos)
(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. 24 |