koredex4love:


banks don't buy.

gowaga68:

All I meant was banks don't buy it on black market rate but official price. which you could google for the official rate and compair to the black market.

ctrume:
pls if anyone knws sumone willing to buy above 200 pls inform d house ooo

ctrume:
This dollar thing is really scary, i have $10,000 sinc last friday, i bought it for 205, at the time it was 220 in the blck market, js to go for elections and come back i heard its now 169 in Abuja, u dnt even get alot of this aboki buying cos they tell u no one needs dem so evn if dey buy from u dey myt kip it and it gets lower. One told me it myt go up abit js before the next elections, i pray it does so i js sell off.

obicentlis:

I will buy 170, can you sell?

obicentlis:

I will buy 170, can you sell?

jodeci:
I would rather go to bank and sell it at the official rate of 197

Ornaments:
I called a aboki few minutes ago....he's selling for 195 and buying at 190. Infact the guy is even suspiciously pressuring me to bring my dollar so he can buy.....I'm suspecting hidden agenda of sort......okay let's see what happens on thursday....I can't afford to loose so much on that money

Ornaments:


I have 9000usd too....are you sure bank can buy from it customer?....if you are certain, I will be the first customer to get to the bank on tuesday morning

jodeci:


Still hold on to your dollars,there shall be no loss or you go to bank and they will graciously buy your dollars at the prevailing rate which up till today is above 197.

I have over 35k USD.I m prepared to take the risk and wait.

koredex4love:



One just have to be smart here to take the risk.but banks don't buy or do you have a way arround that?all i know is if bank is still higher than abokis own,then something is fishing.its just quite unfortunate that the stock gurus and almighty forex advertisers refused to advice on what to do here on naira land.

jodeci:


If you have a dom account,the bank can convert all or some of your dollars to naira at the prevailing rate.

koredex4love:


are you sure?have you done that before?if yes ,with which bank?and how can i go about it?

jodeci:

You are sounding very distant,this is stuff people do everyday,i have done it severally with just an email or u walk into the bank where ur account is domiciled. I use stanbicibtc anyway.

koredex4love:


no mind me jare....even at the bank am still going lose like 18naira each,but its will still be better than that abokis scaring price.

jodeci:


Yea,i will loose about same amount too.If CBN does notreview the exchange rate downward,the rate will appreciate over the next few weeks.

All the indices are still not favourable as to make the CBN reduce the rate.

jodeci:


Yea,i will loose about same amount too.If CBN does notreview the exchange rate downward,the rate will appreciate over the next few weeks.

All the indices are still not favourable as to make the CBN reduce the rate.

lancee:
NAIRA RECOVERY AT BLACK MARKET ...Nigeria' economy may experience investments inflow in 2015 as the local currency appreciates by over 7percent . The battered naira which sold for between 228 and 230 to a dollar at Bureau de Change (BDC) weeks to the just concluded presidential election, has appreciated to about 208 -211 to the dollar. Though the inter-bank rate still stands at 197, experts are of the opinion that the exchange rate at BDC can go below 200, as many individuals who stockpiled dollars during the presidential campaigns are already selling it after the poll.
In the same vein, the Acting President, Association of Bureau de Change Operators of Nigeria, Alhaji Aminu Gwadabe, said he was expecting the Naira to appreciate further following the peaceful conclusion of the presidential election, which allays the fear and uncertainty in the financial market.
He added, “I think the trend would continue for the Naira to appreciate further from 211 to 197 currently at the interbank market rate because a peaceful economic environment is what we are witnessing as aftermath of the presidential poll”.
It could be recalled that weeks to the presidential election, the economy witnessed huge investments outflow, as foreign investors pulled N846.53 billion from Nigerian Stock Exchange (NSE). Within the same period, another investments outflow hit Nigeria, as investors withdrew N4.9trillion from the economy.
Speaking, the Chairman Toiletries and Cosmetics (T&C) group of the Manufacturers Association of Nigeria (MAN) Mr. Ikpong Umoh, explained that the tension and speculation experienced in the country before the presidential election worsen devaluation of the Naira.
He said, “Already the declining oil prices and devaluation of Naira brought crisis into the economic system. So, the tension of what happens and who wins in the presidential poll made the situation worse, as many people were afraid that the economy may collapse completely. Aside from high exchange rate, many investors withdrew their money and investments from Nigeria because they were afraid of losing their investments. With the peaceful outcome of the presidential poll, we expect that in the next four years, the econo
- See more at: http://www.vanguardngr.com/2015/04/the-naira-recovery-at-the-black-market/#sthash.2v8o0SiT.dpuf


Maybe this can be of Help

retsonbiz:



3. The Commercial banks will never Buy or Sell USD for regulatory reasons, However, Most of us in the BDC Market are already getting a feeler that a massive price change is in the offering. Certain statement from Gen. Buhari will spike up the Value of the USD....

This is an Example of what I mean; This was by the FNB Switzerland. You can fiund my details here: facebook.com/retson.tedheke


Regards.

retsonbiz:



3. The Commercial banks will never Buy or Sell USD for regulatory reasons, However, Most of us in the BDC Market are already getting a feeler that a massive price change is in the offering. Certain statement from Gen. Buhari will spike up the Value of the USD....

retsonbiz:
Spike up the Value of the Naira. Buhari is for a Strong Naira and ensuring that all imports are denominated in Nigerian Naira. Immediately the Nigerian Central Bank change the language to import restriction and the desired for a strong Naira over the next few weeks, The Naira will appreciate significantly.

We are forecasting $1: to between N165-185 within the next 4 weeks and About N150 by the end of the Year.

The CBN is already warning BDC's and Commercial bankers on holding excessive Foreign Exchange.

Regards.