The Nigerian foreign exchange market recorded an inflow of $309 million on Monday — a considerable surge from Friday’s transactions.

Bola Onadele, head of market regulator, FMDQ OTC securities exchange,told Reuters that the trade included one $270 million transaction at 345 naira per dollar, by foreign investors buying local currency bonds.

The inflow of forex saw the Nigerian naira firm from its opening 319.50/$1 earlier in the day to 315.50 per dollar.

The Nigerian forex market had experienced an artificial dollar scarcity over the past week, following the decision of the Central Bank of Nigeria (CBN) to cut nine deposit money banks from the market.

The banks were banned, following a breach of Treasury Single Account (TSA) guidelines by the lenders.

United Bank for Africa (UBA) was readmitted into the forex market after the regulator confirmed it had remitted all Nigeria National Petroleum Corporation (NNPC) funds into the TSA.

Eight other lenders stand suspended until they remit the funds worth about $2.1 billion back to TSA.

The fresh inflows are expected to boost liquidity and ease the pressure on the naira.

ShootToKill:
It won't stop the useless naira that coined in 1967 to fight Biafra from further depreciating.

Sane people are saving and concretizing their money in dollars away from nigerian banks who will force you to take naira equivalent at N200 from your Dorm account when you actually gave them dollars to keep for you.

rusher14:


Stop lying.

What bank gives you anything other than your forex you had deposited?

ShootToKill:


Oga close your mouth, TWICE I went to the bank to collect my Dolls early this year. TWICE they told me they had no dolls to give and offered to pay in naira.
Infact when I logged into Internet banking my Dollars where converted to naira equivalent on screen.
Last I went there a month later, I clear 90% of what is in my dorm account.
So close your poverty-stricken mouth, I've been saving in dollars since my 100L days like many people that are financially futuristic.

ShootToKill:


Oga close your mouth, TWICE I went to the bank to collect my Dolls early this year. TWICE they told me they had no dolls to give and offered to pay in naira.
Infact when I logged into Internet banking my Dollars where converted to naira equivalent on screen.
Last I went there a month later, I clear 90% of what is in my dorm account.
So close your poverty-stricken mouth, I've been saving in dollars since my 100L days like many people that are financially futuristic.

ShootToKill:


Oga close your mouth, TWICE I went to the bank to collect my Dolls early this year. TWICE they told me they had no dolls to give and offered to pay in naira.
Infact when I logged into Internet banking my Dollars where converted to naira equivalent on screen.
Last I went there a month later, I clear 90% of what is in my dorm account.
So close your poverty-stricken mouth, I've been saving in dollars since my 100L days like many people that are financially futuristic.

ladyF:
All these lies they keep feeding us with. Is that not how they said floating the naira will strengthen it to N300/$? Look at where we are now.

Me ayam even looking for Skrill$$ to buy, even if na N370/$, I no see anywhere.

It's [size=15pt]LadyF[/size] again

ShootToKill:
It won't stop the useless naira that coined in 1967 to fight Biafra from further depreciating.
Sane people are saving and concretizing their money in dollars away from nigerian banks who will force you to take naira equivalent at N200 from your Dorm account when you actually gave them dollars to keep for you.

ShootToKill:


Oga close your mouth, TWICE I went to the bank to collect my Dolls early this year. TWICE they told me they had no dolls to give and offered to pay in naira.
Infact when I logged into Internet banking my Dollars where converted to naira equivalent on screen.
Last I went there a month later, I clear 90% of what is in my dorm account.
So close your poverty-stricken mouth, I've been saving in dollars since my 100L days like many people that are financially futuristic.

ShootToKill:


Oga close your mouth, TWICE I went to the bank to collect my Dolls early this year. TWICE they told me they had no dolls to give and offered to pay in naira.
Infact when I logged into Internet banking my Dollars where converted to naira equivalent on screen.
Last I went there a month later, I clear 90% of what is in my dorm account.
So close your poverty-stricken mouth, I've been saving in dollars since my 100L days like many people that are financially futuristic.

ladyF:
All these lies they keep feeding us with. Is that not how they said floating the naira will strengthen it to N300/$? Look at where we are now.

Me ayam even looking for Skrill$$ to buy, even if na N370/$, I no see anywhere.

It's [size=15pt]LadyF[/size] again

Osyxcel:


I have $1m skrills for sale

ladyF:
All these lies they keep feeding us with. Is that not how they said floating the naira will strengthen it to N300/$? Look at where we are now.

Me ayam even looking for Skrill$$ to buy, even if na N370/$, I no see anywhere.

It's [size=15pt]LadyF[/size] again

LOVEGINO:
sowi sis. If to say na bitcoin, I for assist

ShootToKill:


Oga close your mouth, TWICE I went to the bank to collect my Dolls early this year. TWICE they told me they had no dolls to give and offered to pay in naira.
Infact when I logged into Internet banking my Dollars where converted to naira equivalent on screen.
Last I went there a month later, I clear 90% of what is in my dorm account.
So close your poverty-stricken mouth, I've been saving in dollars since my 100L days like many people that are financially futuristic.

rusher14:


I still insist you are lying.

Name the bank that claimed not to have dollars to give you from your Dorm account.

Watch how members of this forum from such bank would debunk that statement.