CBN: New Guidelines For The Nigeria Foreign Exchange Market - Business - Nairaland
Nairaland Forum › Nairaland General › Business › CBN: New Guidelines For The Nigeria Foreign Exchange Market (10435 Views)
| CBN: New Guidelines For The Nigeria Foreign Exchange Market by nlfpmod(mod): 10:47am On Dec 02, 2024 |
TO ALL AUTHORIZED DEALERS 2 Likes
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| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Arobaga: 10:53am On Dec 02, 2024 |
God punish Tinubu Amen 19 Likes 1 Share |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Pawa100: 10:56am On Dec 02, 2024 |
 Dollar go come down ? 👎 3 Likes |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by tobenuel(m): 10:56am On Dec 02, 2024 |
I just hope there are still sound minds left in the CBN. no be everything be paddy paddy or padi me padi me 3 Likes 1 Share |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by AntiChristian: 10:57am On Dec 02, 2024 |
 Good! Keep on rectifying the system! We are on the right track! 5 Likes |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Abdullah36(m): 10:57am On Dec 02, 2024 |
In other words, what this new guidelines means is that dollar is not coming down 4 Likes 1 Share |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by olaolulazio(m): 10:57am On Dec 02, 2024 |
K |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by olaolulazio(m): 10:57am On Dec 02, 2024 |
Arobaga:and you think it won't affect to u and yours if God punishes him. 7 Likes |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by funsho75(m): 10:58am On Dec 02, 2024 |
All legitimate foreign exchange transactions in the NFEM must be concluded with an Authorised Dealer and any dealing with unlicensed intermediaries is hereby prohibited. |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Didijiji: 10:58am On Dec 02, 2024 |
rigmaroling Drop $ prices down 2 Likes |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Pawa100: 10:58am On Dec 02, 2024 |
Arobaga:Ameen !!! ONE Million Time × One Million! 6 Likes |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by oluayebenz: 10:58am On Dec 02, 2024 |
Forex hoarder should think twice before January. E get why 1 Like 1 Share |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by educatedfool: 10:59am On Dec 02, 2024 |
It's a welcome development even thou i no like Tinubu |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by HitRun(m): 10:59am On Dec 02, 2024 |
Someone explain in layman’s language biko. 2 Likes |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Hambivert: 10:59am On Dec 02, 2024*. Modified: 11:23am On Dec 02, 2024 |
Mr. Cardo, so when will you stop this your Trial and Error? Plenty English go make am be like say e fine for paper but all na wash. All these ones na initial gragra... because, if you don't know what to do, it simply means you don't know what to do and there is nothing you can sparogatively do about it. 2 Likes 1 Share |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by datola: 10:59am On Dec 02, 2024 |
May the new guidelines bring succor to the economy. 2 Likes 1 Share |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Pawa100: 11:00am On Dec 02, 2024 |
oluayebenz:. E teey wey we the hear that one !!! Nothing go happen ! Infact na even now I go dey start to Hoard like tomorrow no dey !!! Nigerians are expert when it comes to Dollar hoarding and speculation We go see 🤣🤣🤣 Nonsense assumptions 5 Likes |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Seunpapa65: 11:01am On Dec 02, 2024 |
Tinubu is a bad man with good intentions 1 Like 1 Share |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Cmanforall: 11:02am On Dec 02, 2024 |
[quote author=nlfpmod post=133127739][/quote]Can someone summarise? |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Basicend: 11:02am On Dec 02, 2024 |
Even if dollar price comes down, Nigerian merchants will not change their price. They will say they are still watching the market trend. Witches like Aisha Yusuf will still come online after some weeks to encourage people not to release their dollars and hoard them. I remembered when they dropped it to about N1,000 earlier this year from N1,900 or so. We Nigerians are opportunistic and also greedy just like our politicians. We have a long way to go. 5 Likes |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by baralatie(m): 11:03am On Dec 02, 2024 |
Which one is authorized dealers? |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Pawa100: 11:04am On Dec 02, 2024 |
baralatie:Abeg Lef dem jooo ! One thing is certain ! Dollar go still go reach 2 k soon than we expect ! This government of disaster and Calamity is just playing reckless trial by error policies with no sense of direction other than destroying businesses and sending Nigerians into Extreme poverty! 2 Likes |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Flame333: 11:04am On Dec 02, 2024 |
The man in the Villa is an overwhelmed failure.. From Chatham house back to this country is score zero 2 Likes 1 Share |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by baralatie(m): 11:04am On Dec 02, 2024 |
Like bdc should deal with authorized dealers? Is that not third party? |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Zico5(m): 11:04am On Dec 02, 2024 |
We are truly in problem in this country. You will never hear good news about the policy that will ameliorate the hardship in the land. It's just about the policy to inflict more suffering and hardship to the citizens. 1 Like |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by DryMouth: 11:04am On Dec 02, 2024 |
Too much grammar but empty words |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by mrvitalis(m): 11:07am On Dec 02, 2024 |
As far as you keep borrowing to fund Fell good projects... Naira would keep falling Nigerians import far less today than we did in 2015 yet naira is way weaker... What changed? APC lead government since under Buhari to Tinubu are the biggest consumers of dollars... Government demand for dollars to pay of loans increased demand and with lower supply exchange rate claims 1 Like |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by adioolayi(m): 11:09am On Dec 02, 2024 |
Hope this will strengthen the Naira  |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Loveenthed: 11:10am On Dec 02, 2024 |
nlfpmod:One thing is certainly always clear about Human Beings. The Suffering Heads are not ready yet  When they are ready, They know exactly what to do to put a Full STOP to all this Nonsense! |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by wellmax(m): 11:11am On Dec 02, 2024 |
The Central Bank of Nigeria (CBN) has issued revised guidelines for participants in the Nigerian Foreign Exchange Market (NFEM) following the consolidation of all FX market windows. These new rules replace earlier circulars and guidelines. Key Points: 1. **Authorized Dealers' Role**: - Facilitate FX transactions for firms and individuals. - Ensure compliance with relevant laws and guidelines. - Provide transparent pricing and digital market access solutions. 2. **Legitimate Transactions**: - All FX transactions must involve Authorized Dealers. - Dealing with unlicensed intermediaries is prohibited. 3. **Bureaux de Change (BDCs)**: - Licensed BDCs may purchase FX from Authorized Dealers to meet customer needs, within CBN's stipulated monthly caps. These guidelines aim to deepen the FX market and ensure transparency and compliance. |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by NewHe: 11:11am On Dec 02, 2024 |
Arobaga:If God punished Tinubu, what will He do to you wey dey curse His creation? God says i will bless those who bless you and cursed those who curses, thee! May God bless President zTinubu and all at the helm of affairs in Nigeria either at Federal, state or LGA. Ism waiting for them;2027 1 Like |
| Re: CBN: New Guidelines For The Nigeria Foreign Exchange Market by Lanretoye(m): 11:12am On Dec 02, 2024 |
Arobaga:God don bless you finish,you see say na you be the bread winner of your family.people who are not even relevant in their family go open mouth curse people wey don attain where none of their family members don attain,what an irony. 1 Like |
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