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Nairaland Forum / Nairaland / General / Politics / CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength (31744 Views)
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Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by DavidEsq(m): 8:03pm On Mar 25 |
orikoku:Since the buying and selling of Dollars, has anyone ever cried, crewed or crowed? Nope 3 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by routed: 8:04pm On Mar 25 |
Easybet1: Keep it till next year December. 3 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by kolaaderin: 8:04pm On Mar 25 |
Easybet1:by the time the refineries are in full operation more foreign exchange will flow into the country, I dont see it going back to 1500 under this government. Keep it and spend it on your vacation abroad. As it is now, you are at loss 3 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by khattab02: 8:05pm On Mar 25 |
Xammie001:very very true. This is the sad bitter truth There was cotton in some part of the North which led to establishment of textiles. 1 Like |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by jaxxy(m): 8:06pm On Mar 25 |
Putindbutt: So what's reducing the rates? proganda and intimidating alleged speculators/BDC operators and selling dollar cheaper. Ok let's see how they sustain this charade. 3 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by motionarena: 8:06pm On Mar 25 |
ellyrichy: For where Its still increasing sef |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by RenaissanceGuy: 8:09pm On Mar 25 |
jaxxy:FG Banning Binance and Binance in turn banning USDT-NGN trading contributed a lot. 6 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by anyilalaz: 8:10pm On Mar 25 |
At the cost of our national reserve. Let the depletion of the reserve begins Back to pre-floatation of dollars: policy somersault Not a long term solution Until we improve on our export earnings, attract FDIs, fight corruption and reduce the cost of governance, we are playing. Let's see what will happen when the 36 governors get their FAC 1 Like |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by Raiders: 8:12pm On Mar 25 |
worksmart:the government has officially devalued the naira from 700 to 1251. 1 Like |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by DeLaRue: 8:13pm On Mar 25 |
Another positive aspect of this is that, as the naira appreciates, fuel subsidy will be disappearing. If naira hits around N900, fuel subsidy should be totally gone meaning federal government will have a lot more money for distribution with states. If naira gets close to N800, the federal government (NNPC) should actually start making a ton of profit from selling petrol at N650 or above per litre Mr Tinubu is a genius Probably the best head of State Nigeria has had since independence. 6 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by uche393: 8:14pm On Mar 25 |
i pray it gets better. but APC govt will create problems and still claim to solve Same problem that they created 5 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by NothingDoMe: 8:14pm On Mar 25 |
Easybet1:Lol. Its not a loss. Can't say more than that 😄 |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by nonny1212: 8:16pm On Mar 25 |
PointZerom:Exactly bro.. only the wise understands 1 Like |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by Xammie001(m): 8:16pm On Mar 25 |
lexy2014: Sir if we have we won't have food shortage at all 1 Like |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by easzypeaszy(m): 8:16pm On Mar 25 |
Talkisneeded:I bought rice half bag 31k today but dey said it's Local Sha. But I noticed somtin..dey want to push der old goods at high rate but if u are close to Dem, dey sell the cheap ones 1 Like |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by NothingDoMe: 8:17pm On Mar 25 |
RenaissanceGuy:Lol you can clearly see the FG pumping USD to crash the price but you still cling to this Binance nonsense. 😂 1 Like 1 Share |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by Toluwanise247(m): 8:18pm On Mar 25 |
Engrbee:Continue to wait for the rising |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by DeLaRue: 8:20pm On Mar 25 |
The Lagos boys are problem solvers! |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by NapoleonHill: 8:20pm On Mar 25 |
Talkisneeded: Competition will eventually bring it down. Last month, I bought a carton of Indomine for 11k but bought same today for 9k. Those who bought goods at high price will have to offload at that same price. 1 Like |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by Talkisneeded: 8:21pm On Mar 25 |
easzypeaszy: Hopefully Sha, price will fall soon because I'm tired 2 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by Talkisneeded: 8:22pm On Mar 25 |
NapoleonHill: They made massive gain during the hike, they should enjoy whatever they are facing too 4 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by qanda: 8:22pm On Mar 25 |
The only time it will really make sense to me that the Naira has gained strength is when the USD to Naira value is between 700 - 800 Naira. 5 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by Satazaa: 8:23pm On Mar 25 |
Skyehigher1:Ameen thuma ameen 2 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by MysteryofLight: 8:24pm On Mar 25 |
FG should just sell to BDCs at the rate of #400/$1 jare and let everything reset. 4 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by Putindbutt: 8:24pm On Mar 25 |
jaxxy:What rates are they reducing, give me instances. Abeg talk like person wey understand the fundamentals or else, i'd ignore you. 2 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by Raph82(m): 8:25pm On Mar 25 |
Treadway:U"ll be shocked and disappointed when u see naira failing to obey the rule of the game (bull run). The moment it crosses the 1k bench mark, then the downtrend will continue, this time with a heavy downward spike. There may be little retracement, continuation of downtrend is inevitable. It's no longer business as usual. Therefore u buy, u cry. 3 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by ValarDoharis: 8:26pm On Mar 25 |
So now they're defending the naira but at a higher exchange rate? Penny wise pound fuulish Putindbutt: 2 Likes |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by lexy2014: 8:26pm On Mar 25 |
Xammie001: that is not what I asked you. what makes you think Nigeria does not already have enough to feed 300million people? |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by jaxxy(m): 8:27pm On Mar 25 |
Putindbutt: u have nothing to say or counter. ignore pls |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by Geometrix(m): 8:28pm On Mar 25 |
I think that is the main thing. real people that needs and transact with the dollar don't much care about the rate but for the rate to be predictable a kind of so that they would be able to make their bussiness projections. or=laivwire post=129106235] With the little I know, the Naira can depreciate once again but the FG will never let it reach those levels of #1,700 again. [/quote] |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by Putindbutt: 8:28pm On Mar 25 |
NothingDoMe:Where's the pumping?, dummies plenty on this forum. 1 Like |
Re: CBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by Treadway: 8:29pm On Mar 25 |
Raph82:it's my buy. Taink you very much🙏 If the refineries truly do come on stream, that may inform a different approach, but as of this moment, no shaking at all. Holding the dollar isn't a profit move for me, it is a value preservation move. I trust the dollar to hold its value, so I'll rather keep my shikini wealth/savings in it, so the country doesn't add me to the list of 'have-nots' by no fault of mine. 1 Like |
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