CBN Sells Over $300m To Banks As Naira Gains - Business (3)

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CBN Sells Over $300m To Banks As Naira Gains - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Sells Over $300m To Banks As Naira Gains (23669 Views)

CBN Sells Dollars To Banks For First Time In 5 Months / Oil Companies Resume Dollar Sales To Banks As CBN Eyes Supply / Brain Drain Hits Nigerian Banks As Tech Experts, Others Resign In Droves (2) (3) (4)

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Re: CBN Sells Over $300m To Banks As Naira Gains by DIVINEEVIDENCE: 10:52am On Feb 27

Sccarrr:
no, E dey decline, ode! We know you're sad about the news..your expectation namake e dey rise daily, it gives u orgasm

Mofo's spotted

This was the situation before the purveyors of change arrived.

Had we allowed those who understood governance and Economics to continue what they were doing, imagine where we would have been by now.

Stop making noise.

Re: CBN Sells Over $300m To Banks As Naira Gains by Toluwanise247(m): 10:53am On Feb 27

IamAtikulate:
It's not working.

Dollar is now #1,680+ this morning. Tinubu is destroying this country with incompetence

Oga I have dollar to sell @ 1680 that you mentioned

1 Like

Re: CBN Sells Over $300m To Banks As Naira Gains by lexy2014: 10:53am On Feb 27

Kukutenla:

So the CBN is back to fixing exchange rate which the zombie call subsidising dollars?

So what was all the razzmatazz about floating for?

Tinubu just suffered Nigerians for nothing. Such a confused president.

God bless you. that was my first observation

Re: CBN Sells Over $300m To Banks As Naira Gains by femicyrus(m): 10:53am On Feb 27

Nbote:
The govt thru the CBN is selling below the market value to drive price down. The question is for how long will they continue to sell below the market price?

Who,what and where is the market to determine naira value apart from CBN?

Re: CBN Sells Over $300m To Banks As Naira Gains by lexy2014: 10:53am On Feb 27

Sccarrr:
oh, we don see u...this is all u do here all day ,discrediting anything good... Better go get busy with ur life

which action is it that they are taking and how is it working?

Re: CBN Sells Over $300m To Banks As Naira Gains by Sccarrr: 10:54am On Feb 27

lexy2014:

which action is it that they are taking and how is it working?

koshi danu .. go ask your papa fr house

Re: CBN Sells Over $300m To Banks As Naira Gains by Sccarrr: 10:55am On Feb 27

DIVINEEVIDENCE:

This was the situation before the purveyors of change arrived.

Had we allowed those who understood governance and Economics to continue what they were doing, imagine where we would have been by now.

Stop making noise.

lmao...sorry who?

Re: CBN Sells Over $300m To Banks As Naira Gains by Dsimmer: 10:55am On Feb 27

lexy2014:

which Cardoso are you talking about?

how are they money launderers?

who are they laundering money for?

Go ask your Papa na. The Crypto are money launderers I repeat!

Re: CBN Sells Over $300m To Banks As Naira Gains by lexy2014: 10:55am On Feb 27

Nbote:
The govt thru the CBN is selling below the market value to drive price down. The question is for how long will they continue to sell below the market price?

but CBN is regulating the price. I thought we were told that the whole of this "floating" is that price is market determined?

why did the CBN not sell at N100 per dollar?

1 Like

Re: CBN Sells Over $300m To Banks As Naira Gains by lexy2014: 10:56am On Feb 27

Dsimmer:

Go ask your Papa na. The Crypto are money launderers I repeat!

did you ask your Papa before you said that they are money launderers?

which Cardoso are you talking about?

how are they money launderers?

who are they laundering money for?

Re: CBN Sells Over $300m To Banks As Naira Gains by Ola9ja23: 10:56am On Feb 27

Igbos are sad bcs Naira appreciate

What makes patriotic Nigerians happy is making enemies of Nigeria sad.

And this people can't even hide their frustration.

May you remain sad forever

Re: CBN Sells Over $300m To Banks As Naira Gains by Dsimmer: 10:57am On Feb 27

lexy2014:

did you ask your Papa before you said that they are money launderers?

which Cardoso are you talking about?

how are they money launderers?

who are they laundering money for?

Ask your Papa na, since you're stupid not to know the USA moved against crypto laundering in their country.

Re: CBN Sells Over $300m To Banks As Naira Gains by lexy2014: 10:57am On Feb 27

Sccarrr:
koshi danu .. go ask your papa fr house

did you ask your papa for house before you made these claims?

Sccarrr:
na one day it climbed to almost 2k? They are taking actions and it's kind of working..

which action is it that they are taking and how is it working?

Re: CBN Sells Over $300m To Banks As Naira Gains by lexy2014: 10:58am On Feb 27

Dsimmer:

Ask your Papa na, since you're stupid not to know the USA moved against crypto laundering in their country.

did you ask your Papa before you said that they are money launderers?

which Cardoso are you talking about?

how are they money launderers?

who are they laundering money for?

Re: CBN Sells Over $300m To Banks As Naira Gains by mhizsimi(f): 10:58am On Feb 27

At 1500, naira gains 😂😂

1 Like

Re: CBN Sells Over $300m To Banks As Naira Gains by motionarena: 10:58am On Feb 27

If naira is gaining why are marketers not reducing prices as they where increasing for no reason

1 Like

Re: CBN Sells Over $300m To Banks As Naira Gains by maestro299: 10:58am On Feb 27

matify83:
Excellent move!

However, concerted efforts must be brought to bear on the continuous appreciation of the naira because it is still undervalued at this rate.

Our target is between 700 and 800 to the dollar. That's what Carson has always maintained.

Serious work needs to be done on the economy. Our political leaders can't continue to coast along in office and loot money. It's no longer sustainable.

Massive moves must be made to revive industrialization, boost agriculture, strengthen security apparatuses and invest in infrastructure. Local businesses and industries need to be encouraged to become the bedrock of our economy, which in turn will take care of unemployment issues.

Anything less, is cosmetic. We have to stop putting plaster over our problems and carry out deep, invasive surgery.

2 Likes

Re: CBN Sells Over $300m To Banks As Naira Gains by SALLYBERRY01(m): 10:58am On Feb 27

Re: CBN Sells Over $300m To Banks As Naira Gains by Sccarrr: 10:59am On Feb 27

lexy2014:

did you ask your papa for house before you made these claims?

which action is it that they are taking and how is it working?

1 Like

Re: CBN Sells Over $300m To Banks As Naira Gains by franconian: 10:59am On Feb 27

ACRI:
Take drastic actions!!!!!

Politicians, Bank CEOs, Industry leaders round tripping currency should be dealt with decisively

All this ones are ephemeral

Go after the saboteurs and spare us these rhetoric and unnecessary explanations

2 banks executives arrested

EFCC, DSS sorrounds government houses: 5 governors indicted in purchase of forex with federal allocation

Dangote flees the country amidst renewed probe into dealings under Buhari regime....

Na wetin I wan dey read be the above

😂😂😂 Who'll do all at that? Tinubu?

Corruption does not fight corruption.

Re: CBN Sells Over $300m To Banks As Naira Gains by nairalanda1(m): 10:59am On Feb 27

Lipstick on a pig

Re: CBN Sells Over $300m To Banks As Naira Gains by bettycanice: 11:01am On Feb 27

blowjohn:
dollar rate is below 500 naira and price of fuel is below 200 naira. That's what they shud be targeting to ease life.
At least we know stable electricity cannot be achieved till Michael Faraday appears again.

Any thing that cannot bring down dollar rate, and fuel price with increased food production is a waste of time. Things will only get worse. We will get there soon
If u like dash nigerians 100k every month. The money go finish before 1 week. Even the debt people dey owe alone go swallow am.

All these play acting ..... Well let's see

Re: CBN Sells Over $300m To Banks As Naira Gains by Badgers14: 11:01am On Feb 27

Shameful!!

They are just putting a band aid on the problem making it worse.

Re: CBN Sells Over $300m To Banks As Naira Gains by Kukutenla: 11:02am On Feb 27

BigDawsNet:
$1 to 300naira

And tinubu will get my vote

What happened? You used to be an hard-core zombie

Re: CBN Sells Over $300m To Banks As Naira Gains by jaxxy(m): 11:02am On Feb 27

How sustainable is this tho?

Re: CBN Sells Over $300m To Banks As Naira Gains by lexy2014: 11:02am On Feb 27

Sccarrr:
k

you don tire to insult?

did you ask your papa for house before you made these claims?

Sccarrr:
na one day it climbed to almost 2k? They are taking actions and it's kind of working..

which action is it that they are taking and how is it working?

Re: CBN Sells Over $300m To Banks As Naira Gains by Sccarrr: 11:04am On Feb 27

lexy2014:

you don tire to insult?

did you ask your papa for house before you made these claims?

which action is it that they are taking and how is it working?

Re: CBN Sells Over $300m To Banks As Naira Gains by Intergrated: 11:04am On Feb 27

Kunlevibess:
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as country hard na this kind news u dey post

Re: CBN Sells Over $300m To Banks As Naira Gains by lexy2014: 11:04am On Feb 27

matify83:
Excellent move!

However, concerted efforts must be brought to bear on the continuous appreciation of the naira because it is still undervalued at this rate.

Our target is between 700 and 800 to the dollar. That's what Carson has always maintained.

how is it an excellent move?

who is the "our" that has target of between 700 and 800?

who made the dollar to be selling at N1500-1600 today?

Re: CBN Sells Over $300m To Banks As Naira Gains by sylve11: 11:05am On Feb 27

blowjohn:
dollar rate is below 500 naira and price of fuel is below 200 naira. That's what they shud be targeting to ease life.
At least we know stable electricity cannot be achieved till Michael Faraday appears again.

Any thing that cannot bring down dollar rate, and fuel price with increased food production is a waste of time. Things will only get worse.
If u like dash nigerians 100k every month. The money go finish before 1 week. Even the debt people dey owe alone go swallow am.

All these play acting ..... Well let's see

Lol

1 Like

Re: CBN Sells Over $300m To Banks As Naira Gains by Sirmwill: 11:06am On Feb 27

matify83:
Excellent move!

However, concerted efforts must be brought to bear on the continuous appreciation of the naira because it is still undervalued at this rate.

Our target is between 700 and 800 to the dollar. That's what Carson has always maintained.

You are close to being daft

1dollar is 83 Indian rupees

Your own target for the dollar is btw 700 and 800

Smh

Re: CBN Sells Over $300m To Banks As Naira Gains by Kukutenla: 11:08am On Feb 27

femicyrus:

Who,what and where is the market to determine naira value apart from CBN?

What was the idea behind floating naira

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