CBN Sells $20,000 To BDCs At ₦1,580 - Business (2) - Nairaland
Nairaland Forum › Nairaland General › Business › CBN Sells $20,000 To BDCs At ₦1,580 (7744 Views)
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by 004gist: 7:30am On Sep 07, 2024 |
BlueStripper:Which banks u get... Bank weh go hide am and u wont even seen it to buy 1 Like |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by MIKOLOWISKA: 7:30am On Sep 07, 2024 |
BlueStripper:why do you want to concentrate wealth in useless banks |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by onatisi(m): 7:36am On Sep 07, 2024 |
BDCs or banks are not the problem, the major pro is insufficient forex. central bank does not even have enough for the nation. so if you scrap the banks or BDC the problem is still there. the major question we should be asking ourselves, asking CBN and tinubu is why it is that we don't have enough FX. 2 major reasons account for this , one is the massive oil bunker ring which according to analysts amounts to 90% of our crude being stolen daily and the second one is fuel importation. BlueStripper: |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by Tohmey(m): 7:41am On Sep 07, 2024 |
lols.... things dey really happen for this country ooo |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by Emmanuel909090: 7:46am On Sep 07, 2024 |
Why will CBN be announcing 20k dollars is that how broke CBN is now? |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by santaclaws: 7:49am On Sep 07, 2024 |
Emeskhalifa:Bro, all of them deserve flogging... |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by nairaman66(m): 8:04am On Sep 07, 2024 |
santaclaws: |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by nairaman66(m): 8:05am On Sep 07, 2024 |
The only thing remaining is politicians coming after your life. They have literally hijacked everything in this country. 1 Like |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by bizzibodi(m): 8:25am On Sep 07, 2024 |
Why sell dollars to BDC,why not sell dollars through banks at official rate at strict supervision. |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by AlfaSeltzer(m): 8:46am On Sep 07, 2024 |
"This is to meet the demand for invisible transactions.”Our problem is spiritual. |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by motorola(m): 8:47am On Sep 07, 2024 |
NwaNimo1:It’s so painful that this country keeps doing this same mistake over and over again, why do you need to give dollar to BDC, anyone who needs dollars or any other foreign currency should go into their banks fill the form for the amount you need to use for either business, school fees etc as long as they have naira equivalent in the naira account, the bank helps run the FX so there is no foreign money in the land, case closed |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by Rubyjade: 8:52am On Sep 07, 2024 |
mmadu4:My brother gather money leave Nigeria you will thank your stars why you left. 1 Like 1 Share |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by Badmashiii: 8:53am On Sep 07, 2024 |
mmadu4:True that. I was among those championing the fixing of the country but at this point,except for some divine intervention i don't see nigeria getting any better. Infact,it can only get worse from here. Folks,try as much as you can to secure resident for a good country overseas. At least,a bad situation there is still better compared to a bad situation here. You can be assisting with your one leg in and the other out. 1 Like 1 Share |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by InvertedHammer: 9:10am On Sep 07, 2024 |
/ After blaming abokifx and BDC operators, I wonder who is next to blame for the downward slide of naira? Let me guess. They will blame Nigerians for adopting naira as their currency  / 1 Like |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by grandstar(m): 9:13am On Sep 07, 2024 |
The sale of dollars to the BDC's must end as the Naira has been floated(Correct me if I am wrong). Why not use interest rates instead? 1 Like |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by Wickedfact: 9:24am On Sep 07, 2024 |
Emeskhalifa:When Metuh, Dasuki, Dieziani were imprisoned, was GEJ walking freely or not? |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by demoBaba: 9:28am On Sep 07, 2024 |
BlueStripper:Most commerical bank MD are criminals, are they not the one selling the dollars gotten from CBN to BDC operators. |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by victorVIC1(m): 9:38am On Sep 07, 2024 |
A government that knows what it is doing would have long fired the senior management team of both CBN and NNPC. |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by Basicend: 10:02am On Sep 07, 2024*. Modified: 1:02pm On Sep 07, 2024 |
If CBN can peg or control the naira. . there is hope. Concurrently, enhance agriculture, trade in naira with local refinery, and engage more mineral exploration. There is hope. If naira is destroyed via immature floating, Nigeria's economy will be utterly collapsed. Work on naira value. That is the core. Full subsidy removal can be achieved if naira valuation can be managed properly. Don't allow the naira to get worse than this, Nigeria will not survive it's economic impact. 1 Like |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by Obito555(m): 10:13am On Sep 07, 2024 |
I have $300,000 available to sell |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by Calitoscassius(m): 10:15am On Sep 07, 2024 |
Corruption is Naigeria's problem. |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by Baxilexi(m): 11:29am On Sep 07, 2024 |
If anyone has the ears of Mr Cardoso, tell him now is the time to crash the fx rate. It’s inane to get excess of 20k for 10 pounds. The inflation will ensure lower demand for the USD, and increase foreign remittances. Eg. A man’s kids abroad send him money for medications and upkeep. He needs NGN 200k (100 GBP) to get these sorted. Now crashing the fx rate say by half the value, he will still need 200k or slightly lesser to attend to his needs but his kids would have to send 200 GBP. |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by idahme(m): 11:30am On Sep 07, 2024 |
SmartPolician:U get if u don't get forget about it....It's sad |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by addey(m): 12:07pm On Sep 07, 2024 |
BlueStripper:You can't see BDC in any serious Country only in this part of the World, what is the important of BDC to Nigeria economy. Why will people just stay on the road trading to decide the heart and soul of the Nation. It better to just scrap BDC. |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by DryMouth: 12:20pm On Sep 07, 2024 |
bizzibodi:Banks are the biggest criminals in thieves on Nigeria. 1 Like |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by Metrofox(m): 12:31pm On Sep 07, 2024 |
| aboki are the concrete tied to Nigeria's leg by the British . unproductive and wasteful |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by clems88(m): 2:14pm On Sep 07, 2024 |
They have come again . This people will not kill person |
| Re: CBN Sells $20,000 To BDCs At ₦1,580 by homiben(m): 3:29pm On Sep 07, 2024 |
BlueStripper:Banks are the worst... |
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