₦airaland Forum

AllTheWayUp:

After destroying the economy and decreasing the purchasing power of Nigerians with their trial and error policies , they have now gone back to their vomit.
Thunder fire Tinubu
Thunder fire all those who supported Tinubu for floating the Naira

oluwaseyi0:
1) if they buy from government at 1300 with an agreement not to go above 1% tell me why they should sell at 2500 per dollar, no one forced them to buy from government knowing government has terms and conditions

2) the official market which is controlled by the market force determine the government selling price, government sells at the previous day lower price spectrum of the official rate, as market price fall so also the amount the government will sell to BDC and they can't go above 1percent, same is applicable when the price rise in the official market

3) government is been controlled by the official market and not vice versa, the official market dictate what the government will sell but leaving speculators to decide parallel market rates is currently not working so what I expect a reasonable government to do is step in to the parallel market but be fully guided/controlled by the official rate

inoki247:
I don't know what domain you're talking about I'm in Nigeria I'm not outside the country for now and I still use it to trade today...


Is only the Website that's not working the app dey work..

ogawisdom:
CBN giving USD woto woto

HeatSeeker:
Honestly, they owe him a very big apology.

Originakalokalo:

hansomb:
Reminds me of one mathematics method like that factorisation using trial and error method, sometimes I have to solve 5 times b4 arriving at the answer, time don go.

LegendHero:
The market. They are using the closing rate of the previous day.

Bostin:
That's called troubleshooting better than wasted clueless 8years

SensualMan:
Tinubu is working! The economy is fantastic!

Bola Ahmed Okechukwu Tinubu!

On your mandate we shall stand!

Jagaban till 2039

zionstaar75:
how does what a nonentity like you say affect anybody

AllTheWayUp:

After destroying the economy and decreasing the purchasing power of Nigerians with their trial and error policies , they have now gone back to their vomit.
Thunder fire Tinubu
Thunder fire all those who supported Tinubu for floating the Naira

iLegendd:
It makes them feel like they're losing profit.

Truths9ja:
As the Cbn governor reversed floating of naira, he should reverse banning of Binance and other crypto currency wallets app to our media space back.

richiemcgold:
We should try and read attentively before running to the comment section. Based on what I read up there, I don't think the floating has really been reversed. So why are those people above me shouting floating upandown?
In a nutshell, the fx market has been extended to BDC again but it is specifically for eligible BDCs and the market can still be well monitored by the CBN.

Biodun556:
Floating is still there

AllTheWayUp:

After destroying the economy and decreasing the purchasing power of Nigerians with their trial and error policies , they have now gone back to their vomit.
Thunder fire Tinubu
Thunder fire all those who supported Tinubu for floating the Naira

Newton1045:
BDC will sell at 1400.
And the cycle continues.
BDC can never sell at lesser price.

They won't help us

a4cube:
Is it the same bdc they raided last week or they registered new ones?
So raiding them did not yield any result.

ayokellany:
The same person that determined it when it went to ₦2000

Next question

ChangetheChange:
https://gazettengr.com/cbn-directs-bdcs-to-buy-forex-at-n1301-per-dollar-sell-at-1-profit/

Biodun556:
They licensed and recapitalize qualified ones

richiemcgold:
We should try and read attentively before running to the comment section. Based on what I read up there, I don't think the floating has really been reversed. So why are those people above me shouting floating upandown?
In a nutshell, the fx market has been extended to BDC again but it is specifically for eligible BDCs and the market can still be well monitored by the CBN.

Biodun556:
I think I read it somewhere CBN said they are allowed to make 1% profit

If the profit is not too much nothing bad. But not what happened under Buhari when CBN will at 400 naira and bureau de change will resell at 900 which crippled the economy and made government not to have value for the dollars it sold

Johncuppa:
Troubleshooting should be for machine not with lives of men.

AllTheWayUp:

After destroying the economy and decreasing the purchasing power of Nigerians with their trial and error policies , they have now gone back to their vomit.
Thunder fire Tinubu
Thunder fire all those who supported Tinubu for floating the Naira