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Nairaland Forum / Nairaland / General / Business / CBN Injects $482.6m Into Forex Market, Naira Gains (14021 Views)
Naira Gains, Dollar Crashes At Parallel Market / As Naira Gains, Neighbouring Countries Ease Rush For Nigerian Goods / 24 Hours After New Policy, CBN Injects $371m Into Forex Market (2) (3) (4)
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by edo3(m): 8:45am On May 31, 2017 |
experimentist:How much are we talking about here? |
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by nextprince: 9:03am On May 31, 2017 |
mybestlove: There is no administration that doesn't inject dollars into the economy just that this administration always announces such action owing to the dollar/naira crisis. The exchange of the hard currency is also being regulated due to its relative scarcity. How do you think the govt meets its internal financial obligations from dollar earnings through crude oil? Note the budget is in Naira not dollar. Suuch dollars are merely exchanged for the Naira, not free "injection". How do you think importers source for dollars? How were students paying for school fees abroad? 1 Like |
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by Exempted: 9:13am On May 31, 2017 |
Femich18: I don't understand what u mean by Nigerians are Nigeria's problem. I presume you are correct if what you meant was our leaders are ur problems. But if you are insinuting that the tomatoes, biscuit, pampers, electronics, gadgets, rice sellers are our problem, then u might be wrong. Now listeen, over $5b (billion dollars NOT naira) has been injected into forex by CBN and yet cards are being charged $385/dollar for online transactions? Can you tell us what the rates for online transactions were as at when CBN hadn't started this injection policy? So what is the difference here bro? They have injected about $5b and we're not feeling the effect on even common/local commodities how do u explain that? If you say our leaders are our problems, agreed! Not the other way round........ If banks can charge ATLEAST the official rate for online transactions, then this injecton policy would be considered frutile and the masses would feel the effect of naira gaining against dollars. 1 Like |
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by Exempted: 9:22am On May 31, 2017 |
marvin902: How much are banks charging for online payments? Has it changed from when CBN hadn't started this forex injection policy till date? Is it not the same? What has changed? Banks should atleast charge the CBN official exchange rate for online transactions so we can feel the strength of injection policy on commmon commodities....... How can they be charging as high as $385? How much is black market rate |
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by Exempted: 9:25am On May 31, 2017 |
davodyguy: When was that? Last year |
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by nextprince: 9:28am On May 31, 2017 |
omoadeleye: Yes oh! Getting set to take advantage. |
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by experimentist: 9:33am On May 31, 2017 |
edo3:it's just a turkey change. 270k only. Just a tip of an iceberg |
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by CanadianNurse: 10:10am On May 31, 2017 |
davodyguy:How much is dollar right now in the black market |
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by edo3(m): 11:15am On May 31, 2017 |
experimentist:Na so bro..nice one 1 Like |
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by Nobody: 11:20am On May 31, 2017 |
cyberdurable: go to Osborn at ikoyi 3rd or 4th floor, there s a there s a tree that produces dollar there. Just do a Nicodemus visit nd u will get it |
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by labi1977(m): 11:23am On May 31, 2017 |
davodyguy: gtb charged me lyk 385 lately |
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by cyberdurable(m): 5:33pm On May 31, 2017 |
Sunnah1: I can see ur definition of progressive 1 Like |
Re: CBN Injects $482.6m Into Forex Market, Naira Gains by cyberdurable(m): 5:33pm On May 31, 2017 |
Eaa247: Geraway |
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