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Naira Firms On Black Market After Central Bank Action - BDC Traders - Business (2) - Nairaland

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Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by purpledferanmi1: 2:24pm On Feb 22, 2017
Funny enof i come be arsenal fan
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by okenwa(m): 2:25pm On Feb 22, 2017
Earlier this week, the CBN had to swallow it pride and decided to grant banks the access to sell dollars and other currencies to customers; as it does afforetime.

Graaagraaa is not the solution to anything. Policies can be faulty atimes.

Allowing the banks to play active roles is very good in stability of the naira.
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Raydans: 2:25pm On Feb 22, 2017
Shey this dollar no go still reach 1000naira to 1dollar with the way things they go now

1 Like

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by purpledferanmi1: 2:26pm On Feb 22, 2017
Im wide awake those people sly me... but God dey pls na FTC still sha
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Nobody: 2:31pm On Feb 22, 2017
A fair price of 300 should get the economy moving once again
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Nobody: 2:31pm On Feb 22, 2017
Pidgin2:
sad What were PDP doing right that APC cannot understand?



Who do you think caused dollar scarcity?

All these billions of $$$ you hear that the past government embezzled, d'you think they embezzled them from the Bank of America or what?

The ones Jonadumb distributed just before the 2015 elections nko?

You thought there wouldn't be repercussions?

How about the drastic fall in oil price and the incessant bombing of the pipelines by Jonathan's boys in the Niger Delta?

Hm.? angry

5 Likes

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Idris222: 2:33pm On Feb 22, 2017
That's good news to this nation

1 Like

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Viergeachar: 2:34pm On Feb 22, 2017
Sai Osinbajo!

2 Likes

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by linearity: 2:36pm On Feb 22, 2017
ekanDamie:
seun and lalasticlala should stop putting up this
inconsequential,insignificant,ineffectual,immeasurable and irrelevant decline in the exchange rate. wait till it is at least 50% drop. all this 1% drop don't mean shiiiiiiiiiii!!!!!!!!!

BTW


i am waiting till When it is 7pm, when I will put on my agbada, wear shoe and cap, then say to myself " you are the minister of power" and put my gen on

You went off the rails there my guy, immeasurable means significant, too large, extensive, extreme, huge......which negates every other thing you wrote.

You remember that time you were fuming that, you didn't score as high as you were expecting on that exam? Well, this is one of the reasons.

1 Like

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by PassingShot(m): 2:38pm On Feb 22, 2017
[s]
gimbayaro:
Nigeria's Naira firmed 1.1 percent to 510 on the black market on Wednesday, bureau de change (BDC) traders said, after the Central Bank of Nigeria (CBN) started to supply dollars for retail transactions in a bid to narrow the spread with the official exchange rate.

Most BDCs were showing only offers to sell at 510 with no bids, having sourced dollars privately at peak rates of 520 per dollar. The naira was quoted at 305.25 per dollar on the official market.

The CBN stepped up dollar sales on the interbank currency market on Tuesday, a day after it effectively devalued the naira for retail currency sales

Read more at http://www.dailytrust.com.ng/news/business/naira-firms-on-black-market-after-central-bank-action-bdc-traders/186405.html#oT6WIzTrTbkSLKzu.99

cc: seun,mynd44 and lalasticlala
[/s]
Why is it difficult for PMB to remove Emefiele?
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by nwabobo: 2:38pm On Feb 22, 2017
Ask4Info:
Which N510 on the black market.

They are changing it for N490 Flat nothing more. Changed a few thousands this morning.

Instead make Burea De Change dey beg me, na me dey beg "Aboki abeg add N5 now"
They said by mid next month, dollar will drop to like N300/$1.

If these policies are sustained, Nigerians will smile in the coming days and recession will be a thing of the past.



Click LIke for Acting President Osibanjo and Share for President Buhari.

No be only $300. We've been through this path before my dear.
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Nobody: 2:51pm On Feb 22, 2017
nwabobo:


No be only $300. We've been through this path before my dear.

The guy is being real if you have changed $ b4.
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Nobody: 2:57pm On Feb 22, 2017
Ask4Info:
Which N510 on the black market.

They are changing it for N490 Flat nothing more. Changed a few thousands this morning.

Instead make Burea De Change dey beg me, na me dey beg "Aboki abeg add N5 now"
They said by mid next month, dollar will drop to like N300/$1.

If these policies are sustained, Nigerians will smile in the coming days and recession will be a thing of the past.



Click LIke for Acting President Osibanjo and Share for President Buhari.

Thanks for your comment, Mr Ask4Info. 3 of my colleagues changed for 490 TODAY.

The BDCs didn't budge one bit. One even told my friend he wouldn't change 2000$ for him. That he wants to wait to see what happens.

What i didn't hear is that it might crash to #300 Naira. This would be such a welcome development.

All these auto dealers putting mumu prices grin grin grin grin ;.... we would just import wink

ALL we need is a sustained decrease in a week... maybe if it loses 100# in a day, (e.g. $1 becomes 390)

there would be mass panic and all these speculators would quickly dump $$$ (unlikely scenario though angry)
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by gimbayaro(m): 3:09pm On Feb 22, 2017
PassingShot:
[s][/s]
Why is it difficult for PMB to remove Emefiele?
who told u Emefiele do what he wants to do, dont you know that it is presidency that is controlling him?

1 Like

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by arsenal33: 3:16pm On Feb 22, 2017
Pidgin2:
sad What were PDP doing right that APC cannot understand?

What has PDP done wrong that APC is bearing the consequences?
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by goodgood2(m): 3:23pm On Feb 22, 2017
Aburi001:
Gegege.......1 dollar go hit #700 naira before Buhari go return from him indefinite "holiday" tongue

And when he returns from London, his blind economic policy and the EFCC arrests go jack-up the naira to maybe #800 naira to 1 dollar. shocked

BTW, I'm still wondering why UK go release Ibori to us and size Buhari INDEFINITELY grin
It's a good deal. Let's take it.
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Nobody: 3:31pm On Feb 22, 2017
KingAfo:
CBN firms naira..pfffff nonsense..Naira that is lose like Cossy's P---Y

You won't know a loose pussy if you saw one.

1 Like

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by economania(m): 3:32pm On Feb 22, 2017
This is economarketing pump priming dollar policy/strategy.After much more of sufferness,where went their manners? Kudos to all my lecturers in economics department university of Ibadan. DD/SS solutions simple. Wrong people in a sensitive key economy of nation.
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Nobody: 3:34pm On Feb 22, 2017
Ask4Info:
Which N510 on the black market.

They are changing it for N490 Flat nothing more. Changed a few thousands this morning.

Instead make Burea De Change dey beg me, na me dey beg "Aboki abeg add N5 now"
They said by mid next month, dollar will drop to like N300/$1.

If these policies are sustained, Nigerians will smile in the coming days and recession will be a thing of the past.



Click LIke for Acting President Osibanjo and Share for President Buhari.
How sure are they that it will reduce to N300/$1 by mid next month?
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by nwabobo: 3:48pm On Feb 22, 2017
PUSH1:


The guy is being real if you have changed $ b4.

Dude, I deal with forex everyday
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Jesusloveyou: 4:02pm On Feb 22, 2017
PassingShot:
[s][/s]
Why is it difficult for PMB to remove Emefiele?
you cant use force, in order not to scared investors.

1 Like 1 Share

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Nobody: 4:06pm On Feb 22, 2017
nwabobo:


Dude, I deal with forex everyday

Ok.
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by litaninja(m): 4:17pm On Feb 22, 2017
for how many seconds...
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by metallisc(m): 4:18pm On Feb 22, 2017
ekanDamie:
seun and lalasticlala should stop putting up this
inconsequential,insignificant,ineffectual,immeasurable and irrelevant decline in the exchange rate. wait till it is at least 50% drop. all this 1% drop don't mean shiiiiiiiiiii!!!!!!!!!

BTW


i am waiting till When it is 7pm, when I will put on my agbada, wear shoe and cap, then say to myself " you are the minister of power" and put my gen on

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by metallisc(m): 4:22pm On Feb 22, 2017
KingAfo:
CBN firms naira..pfffff nonsense..Naira that is lose like Cossy's P---Y

1 Like

Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by ekanDamie: 4:23pm On Feb 22, 2017
linearity:


You went off the rails there my guy, immeasurable means significant, too large, extensive, extreme, huge......which negates every other thing you wrote.

You remember that time you were fuming that, you didn't score as high as you were expecting on that exam? Well, this is one of the reasons.
lol. I know. I just decided not to obliterate it.
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Nobody: 4:47pm On Feb 22, 2017
Ask4Info:
Which N510 on the black market.

They are changing it for N490 Flat nothing more. Changed a few thousands this morning.

Instead make Burea De Change dey beg me, na me dey beg "Aboki abeg add N5 now"
They said by mid next month, dollar will drop to like N300/$1.

If these policies are sustained, Nigerians will smile in the coming days and recession will be a thing of the past.



Click LIke for Acting President Osibanjo and Share for President Buhari.
You were cheated bro, I just got mine 517 per dollar
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Nobody: 4:57pm On Feb 22, 2017
PUSH1:


The guy is being real if you have changed $ b4.
make we dey watch!
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by bidex(m): 5:16pm On Feb 22, 2017
gimbayaro:
Nigeria's Naira firmed 1.1 percent to 510 on the black market on Wednesday, bureau de change (BDC) traders said, after the Central Bank of Nigeria (CBN) started to supply dollars for retail transactions in a bid to narrow the spread with the official exchange rate.

Most BDCs were showing only offers to sell at 510 with no bids, having sourced dollars privately at peak rates of 520 per dollar. The naira was quoted at 305.25 per dollar on the official market.

The CBN stepped up dollar sales on the interbank currency market on Tuesday, a day after it effectively devalued the naira for retail currency sales

Read more at http://www.dailytrust.com.ng/news/business/naira-firms-on-black-market-after-central-bank-action-bdc-traders/186405.html#oT6WIzTrTbkSLKzu.99

cc: seun,mynd44 and lalasticlala


are they trying to suppress the dollar again? this same mistake that led us to this very state of economy?
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by sosy25: 5:24pm On Feb 22, 2017
Lets earn our own US Dollars and stop depending on the CBN and BDC's for US Dollars. We can earn the US Dollars we need to cover obligations abroad.
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by uvalued(m): 7:40pm On Feb 22, 2017
Aburi001:

BTW, I'm still wondering why UK go release Ibori to us and size Buhari INDEFINITELY grin
the great exchange... they let the tif go to keep "holy mallam" my foot
Re: Naira Firms On Black Market After Central Bank Action - BDC Traders by Platinumay(m): 8:48pm On Feb 22, 2017
i am waiting till When it is 7pm, when I will put on my agbada, wear shoe and cap, then say to myself " you are the minister of power" and put my gen on[/quote]

You got me rolling on the floor bro

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