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Nairaland Forum / Nairaland / General / Business / CBN To Resume Weekly FX Interventions Through BDCs (14689 Views)
CBN Lifts Ban On BDCs, Introduces New Operational Mechanism / Naira Falls After CBN Stops Forex Sales To BDCs / Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs (2) (3) (4)
CBN To Resume Weekly FX Interventions Through BDCs by nlfpmod: 2:18pm On Feb 26 |
In a major development aimed at financial stability and strengthening the naira, the Central Bank of Nigeria (CBN) plans to resume its weekly intervention in the country’s foreign exchange (FX) market through the Bureau de Change (BDC) operators, THISDAY has gathered. https://www.thisdaylive.com/index.php/2024/02/26/in-renewed-bid-to-strengthen-naira-cbn-to-resume-weekly-fx-interventions-through-bdcs 10 Likes 3 Shares
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Re: CBN To Resume Weekly FX Interventions Through BDCs by YourMrBoo: 2:21pm On Feb 26 |
Ok they now know they can't do without them 10 Likes 1 Share |
Re: CBN To Resume Weekly FX Interventions Through BDCs by Ogiame: 2:22pm On Feb 26 |
This Yemi Cardoso that looks like Smeagol in Lord of the Rings movie, is just confused like who appointed him. Just few months to his appointment, he has proven to be worse than Emefiele. See him going round circles with BDC operators. 😂 77 Likes 5 Shares |
Re: CBN To Resume Weekly FX Interventions Through BDCs by SKYHIGHfx: 2:23pm On Feb 26 |
Let the dollar remain stable |
Re: CBN To Resume Weekly FX Interventions Through BDCs by Deziwealth: 2:23pm On Feb 26 |
Children of hate will still lament, they don't want anything good For us that earn in dollars make e just remain for 1900 or 2k shai.. Leave BDC for us abeg they make life sweet 72 Likes 4 Shares |
Re: CBN To Resume Weekly FX Interventions Through BDCs by aariwa(m): 2:23pm On Feb 26 |
Why the sudden U turn ? ….why is tinubu hell bent on following the same failed buhari policies or are these people permanently cursed or were born olodo only smart at criminality and not good things? Buhari everybody knows is the worst president in Africa is today even better than tinubu…smh. This is where emilokan/ awalokan (sectionalism) and broad day electoral robbery by Mahmoud have landed Nigeria into. A new Nigeria is possible with Peter Obi 18 Likes |
Re: CBN To Resume Weekly FX Interventions Through BDCs by omoredia: 2:23pm On Feb 26 |
Cabal has won 16 Likes |
Re: CBN To Resume Weekly FX Interventions Through BDCs by bigdammyj: 2:23pm On Feb 26 |
Noted. 1 Like |
Re: CBN To Resume Weekly FX Interventions Through BDCs by NaijaCover(m): 2:23pm On Feb 26 |
Make I Laugh First 3 Likes |
Re: CBN To Resume Weekly FX Interventions Through BDCs by huptin(m): 2:24pm On Feb 26 |
Won't this encourage further round tripping? I still don't understand this administration's strategy for Fx management at all. 13 Likes 2 Shares |
Re: CBN To Resume Weekly FX Interventions Through BDCs by Tealcrestmedia(m): 2:24pm On Feb 26 |
Ok |
Re: CBN To Resume Weekly FX Interventions Through BDCs by yesloaded: 2:24pm On Feb 26 |
Re: CBN To Resume Weekly FX Interventions Through BDCs by airsaylongcome: 2:24pm On Feb 26 |
Fight Aboki at your own peril. They OWN that market (and Nigeria) 4 Likes 1 Share |
Re: CBN To Resume Weekly FX Interventions Through BDCs by LegendHero(m): 2:24pm On Feb 26 |
Those who bought the increase thinking they will make a fortune are about to get burnt. 75 Likes 2 Shares |
Re: CBN To Resume Weekly FX Interventions Through BDCs by GreaterFuture(m): 2:24pm On Feb 26 |
Ok... |
Re: CBN To Resume Weekly FX Interventions Through BDCs by RodgersAkpafu: 2:24pm On Feb 26 |
Confused govt 4 Likes |
Re: CBN To Resume Weekly FX Interventions Through BDCs by andy244: 2:24pm On Feb 26 |
Does it mean Naira is no longer floated and floating ? Trial and error first class economy 12 Likes 1 Share |
Re: CBN To Resume Weekly FX Interventions Through BDCs by Shadomaan7: 2:25pm On Feb 26 |
andy244: It is still floating. They already closed the parallel/normal rate gap and this FX intervention will be sold at the same market rate. They are selling at that current #1500/#1600 rate for now until the rate goes down back. No subsidy on dollar again. I am sure enemies of Nigeria will now be very sad. 75 Likes 3 Shares |
Re: CBN To Resume Weekly FX Interventions Through BDCs by Nawa4nl: 2:25pm On Feb 26 |
Fire Brigade mentality won't help. Build the economy. How can virgin & BA fly to nijas best airports but we can't fly to theirs? And our govt gree. So why won't the naira fall? Then to think that Emilokan sniffs cocaine, how anything go better? 10 Likes 2 Shares |
Re: CBN To Resume Weekly FX Interventions Through BDCs by airsaylongcome: 2:25pm On Feb 26 |
LegendHero: Some of you make hilarious comments. Get burnt how? Are USD and NGN mates? 15 Likes 3 Shares |
Re: CBN To Resume Weekly FX Interventions Through BDCs by Ikpunekenwa(m): 2:26pm On Feb 26 |
The one dey don arrest finish 1 Like |
Re: CBN To Resume Weekly FX Interventions Through BDCs by TooMuchStuff: 2:27pm On Feb 26 |
dem go feel it..... |
Re: CBN To Resume Weekly FX Interventions Through BDCs by Sirseedorf(m): 2:27pm On Feb 26 |
FX Dollar Naira BDC Abeg make goods price and dollar just come down naim be the koko.. 3 Likes 1 Share |
Re: CBN To Resume Weekly FX Interventions Through BDCs by Dangrace01: 2:27pm On Feb 26 |
Omo |
Re: CBN To Resume Weekly FX Interventions Through BDCs by SensualMan: 2:27pm On Feb 26 |
Tinubu Na idi anyi mma mbo mbo! Tinubu Na idi anyi mma mbo mbo! Onye chi mere eze Na mmadu apughi ina ya mbo mbo! Onye chi mere eze Na mmadu apughi ina ya Oyo yo! On your mandate we shall stand! On your mandate we shall stand, On your mandate, Bola on your mandate On your mandate we shall stand! Tinubu till 2035 2 Likes 1 Share
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Re: CBN To Resume Weekly FX Interventions Through BDCs by StOla: 2:28pm On Feb 26 |
YourMrBoo: They can do without them. The problem with doing what is right in Nigeria is our multicultural structure that can be exploited 1 Like |
Re: CBN To Resume Weekly FX Interventions Through BDCs by crestedmazi: 2:28pm On Feb 26 |
He fell into their hand again, the north wins again . Whenever they make such win at the center, the country is pulled 5years back into retrogression 1 Like 1 Share |
Re: CBN To Resume Weekly FX Interventions Through BDCs by tspun(m): 2:28pm On Feb 26 |
Anything to keep the naira stable by this confused government is welcome Because it's not easy for some people this days 6 Likes 1 Share |
Re: CBN To Resume Weekly FX Interventions Through BDCs by Chukwuisgreat(m): 2:28pm On Feb 26 |
Make una try do well |
Re: CBN To Resume Weekly FX Interventions Through BDCs by condralbedez: 2:28pm On Feb 26 |
U turn, BDC that's mostly Managed by the northerners, you dey whyne FG dey fear Notherners pass their papa. 3 Likes |
Re: CBN To Resume Weekly FX Interventions Through BDCs by money121(m): 2:29pm On Feb 26 |
Ok |
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