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Nairaland Forum / Nairaland / General / Business / Naira Shortage Forces Banks To Boycott CBN Dollar Sale (19355 Views)
Naira Rises To N389/$ As Banks Buy 29% Of Cbn’s Dollar Offer / Naira Strengthens To N435/$ On CBN Dollar Glut / Cash Shortage Forces People To Sleep Outside Banks In Zimbabwe - Aljazeera (2) (3) (4)
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by Temptee101(m): 8:42am On Apr 17, 2017 |
concacid:You that know, how has it positively affected the price of goods in the market? |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by erico2k2(m): 8:44am On Apr 17, 2017 |
Aufbauh:Exactly thieves.tell.me.one reason why they won't allow me and you to use our debit cards abroad since they now claim they have excess forex. 2 Likes |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by erico2k2(m): 8:48am On Apr 17, 2017 |
Boss13:Only people with any iota of economic sense will read any meaning to your excellent post. 1 Like |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by Temptee101(m): 8:50am On Apr 17, 2017 |
haibe:You say artificial? Artificial just like.... our recession our sick and feeble president our ailing economy our unemployment our corruption our senseless and cruel policriminals our padded budget our tribal differences our chicken-hearted youths etc ok continue... |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by Origin(f): 8:50am On Apr 17, 2017 |
Please check abandoned buildings, soakaway, newly dug farmlands. |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by paulchucks: 8:51am On Apr 17, 2017 |
this is what happen when you tell customers that you will deduct 1.5 percent of their withdrawal people now dig hole to store the naira cbn is mad how can you introduce such nonsense when network for transfer is not even steady we copy america in everything forgeting even light is not steady to charge phone |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by ceejay80s(m): 8:52am On Apr 17, 2017 |
LionDeLeo: These voltron forces are all in apc ,pdp,apga ,including banks etc |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by LionDeLeo: 8:56am On Apr 17, 2017 |
ceejay80s: I didn't specify, all I know is that powerful forces are working against this country. They may politicians, beaurocrats, businessmen or even faith-based organisations. |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by LionDeLeo: 9:00am On Apr 17, 2017 |
kateskitty: Yes. |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by abescom: 9:19am On Apr 17, 2017 |
Icon4s:This is a joke right? So you mean to tell me the government should allow looters because the banks are useless and can't meet up with their financial obligations? You need, urgent help. 1 Like 1 Share |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by bigtt76(f): 9:25am On Apr 17, 2017 |
When they refuse selling to people that needs it ...insead them hoard the thing the sell to people stashing away in apartments They should remove limits on MasterCard Naira and lets see if they won't get more than enough cash to continue the CBN dollar sales. The banks are our real problem in this country. With them buying now, the BDC cannot also buy ...useless set of people! |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by dinggle: 9:36am On Apr 17, 2017 |
Are we stupid, if naira in shortfall, why isn't the dollar down?....where is the law of demand and supply?.....or the law does not exist here. I have been calling for the head of the governor of CBN and all its board of directors and will continue to call for their sack. They should be sacked and investigated ASAP. CBN should consider selling directly to consumers they have the naira to buy the dollar they desire. |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by 989900: 9:54am On Apr 17, 2017 |
Icon4s: |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by 989900: 10:01am On Apr 17, 2017 |
This is just the right time to slightly raise those limits on Naira cards for international POS transactions. The Naira looks like it's set to appreciate next week. Racketeering is getting cumbersome, plus profit margin ain't very encouraging. |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by alt3r3g0: 10:11am On Apr 17, 2017 |
No naira shortage...looters are lying low as whistle blowings is reigning now. If there is no demand as the current price is deemed "too high" vis a vis "naira shortage", then next is to reduce the dollar rate, or increase the card limit on naira cards..but alas, that wont happen as they know what they are doing. 2 Likes |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by oskaaay(m): 10:27am On Apr 17, 2017 |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by starlite1: 10:33am On Apr 17, 2017 |
deenee: They should let it float so the wicked hearted Nigerians will let the Naira depreciate to 1000NGN per USD? wehdone sir. The banks are getting less profit now, hence the reason most of them are shying away from forex. Them never see anything. The last time i managed to use the moneygram service after all the hustles from bank to bank, i was charged almost same as the black market. i really regretted wasting my time trying to use the service. CBN will keep intervening till they figure out something better. 2 Likes |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by Nobody: 11:39am On Apr 17, 2017 |
well....am not short on both so.....whatever |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by bigpicture001: 11:40am On Apr 17, 2017 |
...thats the best thing the c.b.n shld have long done..allow the dollar to flood d country,but control ur local currency. ur a governor of local liquidity and not fx |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by lonelydora: 11:42am On Apr 17, 2017 |
Aufbauh: I keep saying it...Bankers and Civil Servants are more corrupt than politicians 1 Like |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by Reference(m): 1:30pm On Apr 17, 2017 |
Abudu2000: The black man is doomed to learn from his failings and not from sound advice or enlightenment. It is in our DNA. |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by Reference(m): 1:33pm On Apr 17, 2017 |
lonelydora: Several times more. The reports I am getting of cartels in the banks working in cahoots with civil setvants to pilfer the economy is simply mind boggling. 2 Likes 1 Share |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by Nobody: 2:58pm On Apr 17, 2017 |
please can someone explain this shiit! for me i am get more confused every day with this naira/dollar shenanigans. |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by Oneprodigy(m): 3:00pm On Apr 17, 2017 |
erico2k2: Your brain is working well 1 Like |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by ISTANDWITHBUHAR: 12:01am On Apr 18, 2017 |
Abudu2000: How if i may ask? How is shortage of Naira Buhari problem? Should he also ask CBN to be throwing Naira around? Bank should just say it's not business as usual, The era of CBN giving them dollar at the rate of 305 and them selling it to BDCs operators at 450 or more is over, Now that CBN is regulating the exchange rate they cannot make profit anymore and cannot also sell dollar to BDC anymore cos they most provide proof of who ever buy from them hahah.. |
Re: Naira Shortage Forces Banks To Boycott CBN Dollar Sale by ISTANDWITHBUHAR: 12:04am On Apr 18, 2017 |
Buharimustgo: I don't think you read the write ups at all, This is not about dollars for now as there's enough dollars, The banks are saying no money Naira again isn't that crazy? |
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