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Nairaland Forum / Nairaland / General / Business / CBN announces unification of FX windows, stops Naira4Dollar scheme (77953 Views)
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Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by abbey621(m): 9:43pm On Jun 14, 2023 |
Notice the difference between this regime and Buhari's regime? Buhari gives order, CBN contradicts him. Tinubu gives order in the morning by night, CBN complies.....Werey pass werey jaare 121 Likes 10 Shares
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Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by Olastep1(m): 9:43pm On Jun 14, 2023 |
Impressive! 5 Likes |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by Etisoul(m): 9:44pm On Jun 14, 2023 |
Unclear to a layman. Please could someone help break it down? 21 Likes 1 Share |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by Nobody: 9:44pm On Jun 14, 2023 |
Jagagban!!!! Jagagban . If you hate this man. Your depression can never be cure 51 Likes 4 Shares |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by jmoore(m): 9:44pm On Jun 14, 2023 |
J |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by Omoawoke: 9:44pm On Jun 14, 2023 |
I did not know the importance of that naira for dollar. Anyway, it helped people make small small change |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by GemUnique(m): 9:44pm On Jun 14, 2023 |
Someone should please simplify these 5 Likes |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by David8107518434: 9:44pm On Jun 14, 2023 |
Nice |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by Favourchris(f): 9:44pm On Jun 14, 2023 |
hope they can handle the demand, putting naira on a free market with our not so working economy, will end in disaster. all i see this man doing is making policies b4 planning for the out come.... like this, na 3k we go see ... if bank cant supply everyone 11 Likes 4 Shares |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by Nexterbread: 9:44pm On Jun 14, 2023 |
This is a welcome development 1 Like |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by blueghost(m): 9:44pm On Jun 14, 2023 |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by Lukuluku69(m): 9:45pm On Jun 14, 2023 |
OloYeOfEgbE: I am with you on that! No value added yet they rake in Millions. 11 Likes |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by Rhassidy360: 9:45pm On Jun 14, 2023 |
HappyPagan:who tell you. Iya yellow done add 700 naira for cup. 1 Like |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by DWJOBScom(m): 9:45pm On Jun 14, 2023 |
Oya experts start talking o 3 Likes 1 Share |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by franchasofficia: 9:45pm On Jun 14, 2023 |
A good start for now. But guess where the problem is? CBN doesn't have enough dollar to meet Nigerians' usd demand, remember we are an import dependent country. What it means is that Nigeria doesn't earn enough FX through export to meet up with the dollar demand of Nigerians, which means many Nigerians will be going to Aboki for dollar and Aboki will be determining the rate based on demand of dollar for the day, and this will definitely lead to uncontrolled crash of Naira value against USD. I commend Tinubu for this good dollar floating policy, but it would have been better done after putting certain things in place to ensure CBN earns or have enough dollar to supply to all banks to sell to Nigerians. One of those things that would earn us more FX and also reduce our FX outflow is putting our local refineries in working condition and leasing them out to private entities to run for Nigeria to reduce importation of petrol which gulps most of our FX. While fixing the national refineries, Dangote's refinery will also be ready and both combined would solve our importation of petrol which consumes majority of Nigeria's FX. 87 Likes 6 Shares |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by teeytimi: 9:45pm On Jun 14, 2023 |
Thr |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by fotadmowmend(m): 9:45pm On Jun 14, 2023 |
Following 1 Like |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by IncrediblePraiz: 9:45pm On Jun 14, 2023 |
Wonderful Tinubu is for business 4 Likes |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by pepetua(m): 9:45pm On Jun 14, 2023 |
Nigeria and thier Nollywood. Watching with fingers crossed. 1 Like 3 Shares |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by MrsTblooms: 9:46pm On Jun 14, 2023 |
To you economists, what does this one imply. Don't think I don't understand it 9 Likes 1 Share |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by HappyPagan: 9:46pm On Jun 14, 2023 |
Rhassidy360:For my side, nothing change. Na still same size. Na only transport for loud dem add 5h (if you wan do house delivery). I dey on weed break sha. Hasn't been easy. Don't get dependent on this shit... 2 Likes |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by slimthugchimee2(m): 9:46pm On Jun 14, 2023 |
NamelessOGBENI: 1 Like 1 Share |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by samwillyco1(m): 9:46pm On Jun 14, 2023 |
Too much financial grammar 5 Likes |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by Dotherightthing: 9:46pm On Jun 14, 2023 |
Interesting times ahead 1 Like |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by Kellyewoma: 9:47pm On Jun 14, 2023 |
[/quote] ;[quote author=Seefinish post=123801204]I don't understand what I have just read.same from here |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by Moniya4Real(m): 9:47pm On Jun 14, 2023 |
I bet only educated people can comprehend the technicalities of the content of this stuff. People that say education is a scam …. I am sorry o 38 Likes 4 Shares |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by kay29000(m): 9:48pm On Jun 14, 2023 |
slimthugchimee2: Lol. I'm also waiting for the experts to break it down for me. 2 Likes |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by obembet(f): 9:48pm On Jun 14, 2023 |
post=123801158: Since no be bad news u no go cover am 4 Likes |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by campbelljosh(m): 9:48pm On Jun 14, 2023 |
Who can break it down for us please? I don't gerrit atall 3 Likes |
Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by money121(m): 9:48pm On Jun 14, 2023 |
Etisoul: 25 Likes 2 Shares
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Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by money121(m): 9:48pm On Jun 14, 2023 |
campbelljosh: 8 Likes
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Re: CBN announces unification of FX windows, stops Naira4Dollar scheme by NaijaCover(m): 9:49pm On Jun 14, 2023 |
obembet: Lol 1 Like |
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