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Nairaland Forum / Nairaland / General / Business / CBN Denies Introducing Policy To Make $1 To ₦1.25 (22213 Views)
Fake News Alert: CBN Denies Selling FX To BDCs At ₦1,001/$1 / CBN Denies Plans To Redenominate The Naira From January 2024 / Naira Redesign: CBN Denies Plan To Print ₦5,000 Note (2) (3) (4)
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Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by id4sho(m): 10:09am On Sep 13, 2023 |
Not possible na |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by eneyoduke(m): 10:10am On Sep 13, 2023 |
Even if it's coming from you I won't believe |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Sacrednes: 10:10am On Sep 13, 2023 |
there's definitely something bro without being told. 99.9 percent of Nigeria politicians keep money in $ , reducing the dollar belike you dey devalue their bullion van. CBN no chop Belle full to reduce the $ Aonkuuse: 1 Like |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by SmartyPants(m): 10:12am On Sep 13, 2023 |
HydraFeeds: Not that I support the idea but there are ways to manage such. |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Otunbakayce: 10:13am On Sep 13, 2023 |
Lmao! APC and their minions will ruin what's left of a Nigeria's economy with propaganda. |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Muhylonaire007: 10:15am On Sep 13, 2023 |
Bruisecruise: Everything in this administration always start as a rumor, then the party involved will debunk and finally you will see it eventually being implemented.. A good example is the naira devaluation policy |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Donaldoni: 10:15am On Sep 13, 2023 |
We are already used to spending thousands and millions and billions ![]() |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Mosba: 10:17am On Sep 13, 2023 |
Aonkuuse: There are those making millions and billions from our crashing naira value and as for those drafting such long fake articles, they also benefit |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Lanre1st(m): 10:17am On Sep 13, 2023 |
Anyhow we are watching |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by samsard(m): 10:17am On Sep 13, 2023 |
Military0001:Someone posted a Tokunbo Peugeot 206 for 4.5m or so ![]() |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Kaa4(m): 10:18am On Sep 13, 2023 |
Really redomination is not the answer to Nigeria's FX crises. The answer lies in where the money is going to. Too much slush money is in the economy. Lack of confidence in the economy is draining it of FX. There are no investments that can hold Naira. Too high cost of governance and the mutifarious challenges Buhari put the eocnomy into before he left. 1 Like |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Cunnilingus(m): 10:19am On Sep 13, 2023 |
Agbadorians and fake news. If it didn't dey, it didn’t dey |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by vowahah: 10:19am On Sep 13, 2023 |
Yoruba people spreading fake news 4 there master |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by henrimoto(m): 10:21am On Sep 13, 2023 |
Bruisecruise:Thats the system of the Nigerian Government for you. I won't be surprised if by tomorrow, the same CBN acknowledges it. |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by bionixs: 10:22am On Sep 13, 2023 |
Wealthoptulent:is he also the reason your Naira went to the dogs ? Is the color change now every reason for all your misfortune. If you keep leaving buhari out of this , you will never end well |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Obainomilano: 10:22am On Sep 13, 2023 |
porthouse7:Unity begger rest ...if you are not so ashamed of your people you should not be hating people that want to go |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Pwettylinda(f): 10:22am On Sep 13, 2023 |
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Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by HydraFeeds(m): 10:24am On Sep 13, 2023 |
SmartyPants:like how ? |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Chetas81(m): 10:24am On Sep 13, 2023 |
FAKE NEWS, FROM FAKE CITIZEN, HORRIBLE NEWS FROM ZOMBIE CITIZEN |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by tnerro1(m): 10:25am On Sep 13, 2023 |
Bubu really destroyed this country for 8 years, tinubu has a lot of work to do, I pity him |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Kaa4(m): 10:25am On Sep 13, 2023 |
Why cannot the CBN allow this rumour to reign? At least it would help the Naira to some extent. Too much speculation is dragging the curecny down. |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by iamtardey: 10:26am On Sep 13, 2023 |
In this country we all act like illiterates 1 Like |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Chetas81(m): 10:27am On Sep 13, 2023 |
id4sho:asked the foolish citizen what they produce, that can make Nigeria naira gain value, zombie and alien citizen have nothing to think about, |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by emorse(m): 10:28am On Sep 13, 2023 |
HydraFeeds:To the contrary, currency redenomination is used to curb inflation. |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by adonainana: 10:28am On Sep 13, 2023 |
In simple economics The rate for which a local currency is pegged to a greenback currency is simply the market demand for such currency and vice Versa Strictly in the simplest of terms, naira can only be pegged to anything as discussed in the document if NIGERIA wakes up and is perhaps 100 billion dollars richer overnight . Not only does it clear all the outstanding forex demand with this imaginary 100 billion dollars overnight wealth Your reserve as to clearing future fx demand also is greatly increased Foreign purchases on naira Bank limits on naira cards are removed as there is just too much dollars in cbn custody that there is no need to ration anything again This is then when what is said in the above document can happen But it’s not a miracle to be 100 billion dollars rich , it won’t happen overnight unless you go and steal another currency dollars deposit but it can be worked towards Nigeria must sell soemthing to the world Tech Agriculture Something to the world that the world we pay for in dollars This is called exports and this is what would make 1 dollar equals 1 naira depending on the volume of what you sell to the world This is it full stop Stop nonsense policies up and down and wake up |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Chetas81(m): 10:28am On Sep 13, 2023 |
eneyoduke:production make the currency gain value, but in Nigeria the sick citizen prefer to live on importation 1 Like |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by SmartyPants(m): 10:29am On Sep 13, 2023 |
HydraFeeds: 1. All bank deposits will be frozen and converted into lower sums 2. Currency will be redesigned and redenominated Will cause temporary hardship but it can be done. |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by skj1377(m): 10:29am On Sep 13, 2023 |
The news is obviously fake. N1.25 to $ means N1200 to $ of today's Naira. Nigerians will go after Tinubu personally if he tries such. Imagine buying fuel at N2000 due to idiotic policy |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Shawl001(m): 10:30am On Sep 13, 2023 |
They know it's almost impossible. They quickly debunk the news. ![]() |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Raphael81(m): 10:32am On Sep 13, 2023 |
Just like the way Buhari promised to make 1naira equivalent to 1 dollar... Bunch of jokers |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by Chetas81(m): 10:32am On Sep 13, 2023 |
Kaa4:go back to production line and begin to produce what you need Daily, but the citizen of Nigeria have nothing to think about, produce and export your production, your currency will gain value by doing that. |
Re: CBN Denies Introducing Policy To Make $1 To ₦1.25 by jojothaiv(m): 10:32am On Sep 13, 2023 |
Fr33born: |
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