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Nairaland Forum / Nairaland / General / Business / Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar (12471 Views)
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Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by treesun: 8:00am On Feb 09 |
The total value of transactions recorded at the official Nigerian Autonomous Foreign Exchange Market fell from $465.29m on Tuesday and $203.93m on Wednesday, data obtained from FMDQ Exchange showed on Thursday.https://punchng.com/banks-dollar-sale-falls-as-naira-weakens-to-1479-dollar/ 1 Share
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Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Ginik: 8:04am On Feb 09 |
It is well |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by falconey(m): 8:04am On Feb 09 |
OH! The bank has exhausted the Sales of excess forex in their vault? So naira is back to it downward slope? 47 Likes 2 Shares |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Paraman: 8:05am On Feb 09 |
Most of the people always buying dollar from Aboki buy and keep at home. 25 Likes 1 Share |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Arobaga: 8:05am On Feb 09 |
Master strategist don break leg Na statistics we go chop? 74 Likes 6 Shares |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by ivolt: 8:09am On Feb 09 |
Paraman:Nope. You obviously don't understand foreign currency market. Very very few people buy dollar from Aboki to keep at home. The major buyers are importers. Speculators dominate the news but make a tiny percentage of the forex market players. 68 Likes |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by kcprince: 8:16am On Feb 09 |
With this new directive for banks to pay naira instead of dollar, it will get to 2k soon because the black market will have fewer supply. They should not pretend as if black market rates do not decide price of goods in the Nigerian market 55 Likes 3 Shares |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Nonybb: 8:18am On Feb 09 |
Nigeria is one irredeemable country that nobody wants or care to know the cause of the problem. Where are those naira coming from? From the air? currency is measured in volume and why wouldn't people demand the dollar? When there are excess volume of naira running in trillions printed by that son of perdition Buhari with his nephews and cousins. Until Buhari is arrested, put in the same custody with Emiefele, no body would know the deep truth of the economic havoc Buhari did to this country 65 Likes |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by IVORY2009(m): 8:22am On Feb 09 |
1 Like |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by iwaeda: 8:26am On Feb 09 |
treesun: Tinubu will take care of economy. He built men, he has the solutions. A man you can not point to or afirm his educational background. Dollar is the basis of our economy, because we import virtually everything. Every bad policies are driving away in flow of foreign investments and dollars. Now they want to pay money paid abroad with Naira. If you support evil, it will still roll back to you. I am afraid things will get tougher. 30 Likes 3 Shares |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Racoon(m): 9:11am On Feb 09 |
The shit is just hitting the fan some more. Everyone who enthroned this hardship go surely feel the heat. 20 Likes 3 Shares |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by treesun: 9:18am On Feb 09 |
iwaeda: Tried to pay for online course, I couldnt again! 2 Likes |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by treesun: 9:37am On Feb 09 |
Nlfpmod! |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by naijaboy756: 10:03am On Feb 09 |
I built Lagos Emilokan my belle oooo 14 Likes |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Dubetex96(m): 10:03am On Feb 09 |
Naira at free fall again May this free fall favour our family. 11 Likes 1 Share |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by gaby(m): 10:05am On Feb 09 |
Floaters incorporation. The reduction in trade at the official market isn't very much yet. With this new policy on remittances, expect diasporans to deal directly with large and desperate importers whom the official market has frustrated and unable to serve. They'll be getting the remittances wired directly to their suppliers or their designated account, while the Nigerian importers/students transfer the Naira equivalent. Abi Okoso CBN go still ask me why Ahmed Emeka Adewale dey transfer naira to my Nigerian account? Olodos. Ignoring the elephant in the room while having a go at the rats and roaches. First thing first... Cardoso or Okoso, what is the current total value of the Naira in the Nigerian banking system and economic space, and to whom and what entities can these figures be traced to? 9 Likes 1 Share |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Macphenson: 10:06am On Feb 09 |
Heheh, I laugh in swahili. Tinubu is a master strategist, Tinubu built Lagos, Tinubu will handle economy, LORI LO. All these trial and error, fire brigande policies of this administration will only make things worse. Who took stock of the dollars banks have before the directive? Who supervised the sales to ensure they were actually sold and to the right persons? Nnammen Tinubu administration is even more confused than the clueless and calamitious Buhari administration. 18 Likes 2 Shares |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by TheFreshVanilla: 10:07am On Feb 09 |
About to hit 2k then. If you have, don't sell no matter the noise. Keep them. 13 Likes 1 Share |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by BobbieZion(m): 10:07am On Feb 09 |
Paraman: All these excuses won't fly. How much has Aboki have to determine economy. 9 Likes |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by gloryman91: 10:08am On Feb 09 |
Remove foreign currencies from our economy please and let practice true federalism. 4 Likes |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Brushstrokes20: 10:09am On Feb 09 |
Dammmmmmmmnnnn it👀👀👀 The shyyythole from fry pan to FIRE 🔥🔥🔥🔥🔥🔥 |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Cj4charles(m): 10:09am On Feb 09 |
Eedris Abdulkareem comes to mind.. "Nigeria Jaga Jaga" 1 Like |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by yang(m): 10:10am On Feb 09 |
olodo Watch the volume of inter bank fx market deflate Naira should be trading closer to 3k per dollar Who printed trillions of Naira out of thin air to share to national assembly, APC members useless MDAs Presidency Now Thiefnuinibu and his gang of thiefs want to take people's hard earned dollars May evil befall you and your family if you think you have the right to steal dollars people worked hard, drive taxi, clean toilet, wipe old people nyansh abroad to get and when they try to send this to their family you try to divert it via CBN guidelines, evil zoo people 6 Likes 1 Share |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Jamiubond009(m): 10:10am On Feb 09 |
clueless builder of lagos.Na statistics we go chop? Man is nothing but an airhead 8 Likes |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Watinhapen(m): 10:11am On Feb 09 |
What exactly are people using dollar for that is increasing the demand? Nigeria is using naira but dollar is what is controlling the naira. I don’t get it. We should kuku be using dollar as our money in Nigeria. 1 Like |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Fuckyoumod: 10:11am On Feb 09 |
Ladies and gents..... Forget it, Naira is gone. Nothing can get it back. NIGERIA is gone, under the watchful eyes of over 270 million people. They sat down and watched thieves destroy this country under the guise of democracy. Nigerians should deal with it. Now the consequences will be felt by 270 million docile people 16 Likes 2 Shares |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Paraman: 10:12am On Feb 09 |
BobbieZion:Is there a time you want to buy dollar from Aboki and you couldn't get? 5 Likes |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Bebigiby1: 10:14am On Feb 09 |
I’ve warned and appealed to Nigerians not to expect any positives from this government as it is clueless, incompetent and corrupt just like the APC government before it. The CBN recent policy on mandating banks to convert customers forex transactions to Naira is a violation of people’s right to earn and spend. Forex round-tripping among bank officials including the CBN has been revealed as one of the major cause of our forex crisis…. Has the CBN and banks purged itself of corruption….? This new measure will discourage forex remittances from Nigerians abroad, local businesses and foreign investors…. It will exacerbate the situation…. 5 Likes |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Emmabyte: 10:15am On Feb 09 |
Rip naira |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by HateBigots: 10:15am On Feb 09 |
On your manhood we stand. Jagabanza, the builder/bricklayer of Lagos. 4 Likes |
Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by AleAirHub(m): 10:18am On Feb 09 |
Boss, what were your expectations? Did you think the Dollar/Naira exchange rate would decrease further with the unverified money they claimed to inject into the bank? The newest and easier way for the political cabal to steal is through this FX exchange method. They manipulate news that impacts the exchange rate, buy low, and later sell at the peak price. If anyone in this country is expecting the Dollar to drop below ₦1300, they might as well relocate to planet Mars. Lol. Kudos. falconey: 1 Like |
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