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CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessCBN Pumps $195Million To Boost Forex Market, As Naira Firms Up (21370 Views)

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Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Alpha100(m): 7:48am On Mar 15, 2017
.Temporary solution


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Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Alpha100(m): 7:48am On Mar 15, 2017
Ok
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by ISTANDWITHBUHAR: 7:48am On Mar 15, 2017
prince9851:
Buhari is just badluck

Itz like he carries negative energy everywhere he goes
hahaha How if i may ask? hatred is what runs in your DNA..
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Nobody: 7:49am On Mar 15, 2017
omenkaLives:
Reno O'mockery, who do we blame for the Maire firming up against the dollar? ?
Well, if Gej was in charge, emefiele would have done the same.

But, gej or pmb, the issue is we need a more sustainable source of forex.

Blame our lack of productivity..... then decide how we want to rectify that lack.
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by buffalowings: 7:49am On Mar 15, 2017
ABIOLAXYZ:
make dis rain start on time before 8am
lazy fellow
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by ISTANDWITHBUHAR: 7:50am On Mar 15, 2017
DrDeji20:
this solution is temporary
You guys have been saying that for the past 2 weeks hahahha.. We have surplus dollars my brother so thinking it will fall again is just like fooling youself..
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by abescom: 7:52am On Mar 15, 2017
unclezuma:
I am still waiting for the 1$ =1Naira part of the APC manifesto(AlternativeFact)

Next time they better go for a debate or no deal.
Where and when did APC promised parity with the dollar? Can you provide a link?
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by ISTANDWITHBUHAR: 7:53am On Mar 15, 2017
dahunsy:
Coughs*** clears throat# CBN shud keep on pumping the nations future into the forex.... grin...anyways after coming back from my one month ban and seeking legal advice against nairaland
Nation future how? Nigeria makes over $800million weekly from crude oil sale alone and we don't really need the dollars much when our reserve alrwady hit $30billion so we need to be selling the dollars out and getting Naira to continue with the good work..
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by ISTANDWITHBUHAR: 7:53am On Mar 15, 2017
Cousim:
continue to pump....una source go soon dry
Same way your source of joy will soon dry..
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Nobody: 7:54am On Mar 15, 2017
unclezuma:
My bad on the 1$=1Naira statement just tell your handlers to return it back to the status quo.
Well, when N1 was equal to $1, we were no 2 in cocoa production, no 1 in palm oil, columbite, top 5 in groundnut, cotton and tin, and we were not importing things like biscuits, batteries, and pens.

The only way to get it back to your status quo.is for oil to go above 1000per barrel. Which won't happen again.
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Nobody: 7:54am On Mar 15, 2017
abescom:
Where and when did APC promised parity with the dollar? Can you provide a link?
Alternative Fact Habib, you said you were not okay with 216# to 1$ just return back to 216 thank you.
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by omenkaLives(m): 7:55am On Mar 15, 2017
9jakohai:
Well, if Gej was in charge, emefiele would have done the same.

But, gej or pmb, the issue is we need a more sustainable source of forex.

Blame our lack of productivity..... then decide how we want to rectify that lack.
Of course I know all that. Reno O'mockery says we should blame Buhari if the naira depreciates, so I'm asking, now that it seems to be appreciating, who would he like us to "blame"?
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by abescom: 7:55am On Mar 15, 2017
cummando:
Mtcheww.....is that my problem? E appreciate...E depreciate....shebi na person wet see money sabi all these things?
If food yapa if dollar like make e be 1000# KO kan aye
This is funny but a fact. If only Nigeria was productive. If only we export more than we import. China was able to devalue her currency and make more money because they export more than they import. Hopefully Nigeria will one day get there.
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Nobody: 7:56am On Mar 15, 2017
9jakohai:
Well, when N1 was equal to $1, we were no 2 in cocoa production, no 1 in palm oil, columbite, top 5 in groundnut, cotton and tin, and we were not importing things like biscuits, batteries, and pens.

The only way to get it back to your status quo.is for oil to go above 1000per barrel. Which won't happen again.
I understand but we can still hope for the better...if the Ghanaians can do it...
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Nobody: 7:56am On Mar 15, 2017
ISTANDWITHBUHAR:
You guys have been saying that for the past 2 weeks hahahha.. We have surplus dollars my brother so thinking it will fall again is just like fooling youself..
Actually we are making less dollars than we did in 2012 when oil was at 100 per barrel and above.

We really just have a small amount to spare for this exercise
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by abescom:
unclezuma:
Alternative Fact Habib, you said you were not okay with 216# to 1$ just return back to 216 thank you.
is oil our major source of income still at the same price?

Naira will return to 216 once all those thieves GEJ abhorred return their loots. And GEJ and mama p*ss return theirs too.
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Nobody: 7:57am On Mar 15, 2017
unclezuma:
I understand but we can still hope for the better...if the Ghanaians can do it...
Ghana got to where it is by twenty years of cutting their coats according to their size.

Your average Nigerian, politics and tribe and religion aside, on the other hand.....
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Realdeals(m): 8:00am On Mar 15, 2017
Despite the inflow, government should still continue to tighten forex for some imported goods.
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Nobody: 8:01am On Mar 15, 2017
Good!...at least the nomad's learnt something useful from his deputy!
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Xano(m): 8:02am On Mar 15, 2017
Interesting

This process injecting more dollars to strengthen naira, is artificial and would not be feasible to sustain a robust naira.

This process would aid more of corrupted practices by those who know how to get dollars from CBN.
This aids corruption more.
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by ISTANDWITHBUHAR: 8:02am On Mar 15, 2017
9jakohai:
Actually we are making less dollars than we did in 2012 when oil was at 100 per barrel and above.

We really just have a small amount to spare for this exercise
Then when are making more dollars it's being shared by themselves but now kole werk..
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by MSCollections: 8:02am On Mar 15, 2017
Good move. Nothing still beats earning in $$$
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Nobody: 8:03am On Mar 15, 2017
ISTANDWITHBUHAR:
Same way your source of joy will soon dry..
it is u and ur family members source of joy that will dry
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by AngelicBeing: 8:03am On Mar 15, 2017
sad
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by ISTANDWITHBUHAR: 8:05am On Mar 15, 2017
Cousim:
it is u and ur family members source of joy that will dry
hahhaha i never wish the country bad but you are wishing the country bad so be unto you what you wish Nigeria..
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by texazzpete(m): 8:06am On Mar 15, 2017
unclezuma:
My bad on the 1$=1Naira statement just tell your handlers to return it back to the status quo.
You should first start by returning the money used to educate you to your parents. There's absolutely no way the exchange rate could have stayed at N200 to a dollar with the dramatic fall in oil price. Assemble a team of the best economists in the world and you'll still never have been able to maintain that exchange rate.

Sometimes you people should put partisan politics aside and analyze issues with logic. You're probably a graduate, shouldn't it be a thing of pride for you to think these things through?
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Nobody: 8:08am On Mar 15, 2017
ISTANDWITHBUHAR:
hahhaha i never wish the country bad but you are wishing the country bad so be unto you what you wish Nigeria..
I'm not wishing d country bad... this policy is just too artificial and mind u I voted Buhari too
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by wristbangle: 8:11am On Mar 15, 2017
ABIOLAXYZ:
make dis rain start on time before 8am
U beta go to work. Rain no go fall
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by twosquare(m): 8:15am On Mar 15, 2017
ISTANDWITHBUHAR:
Nation future how? Nigeria makes over $800million weekly from crude oil sale alone and we don't really need the dollars much when our reserve alrwady hit $30billion so we need to be selling the dollars out and getting Naira to continue with the good work..
Really? This is ridiculous!
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by ISTANDWITHBUHAR: 8:15am On Mar 15, 2017
Cousim:
I'm not wishing d country bad... this policy is just too artificial and mind u I voted Buhari too
But you said the source of the dollars will dry soon.. Please are you wishing Nigeria good with the bold?
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by Habymbollah(f): 8:16am On Mar 15, 2017
Nigerians is it FOREX trade we have to finance or AGRICULTURE facilities........?
Re: CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up by vRendoh(m): 8:17am On Mar 15, 2017
angry
The gerican no dey full self....every day .na pumping pumping. ....pumping dollars
The day you stop to pump or you no get to pump nko? Chai!
Tortoise remain wey e dey! Tortoise never waka ... let's not sing any praise untill the pumping stop.
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