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Nairaland Forum / Nairaland / General / Business / CBN Sells Dollars To Banks For First Time In 5 Months (31794 Views)
CBN Sells Fresh Dollars To Bdcs At N1,021/$ / CBN Sells Dollars To BDCs Below Market Rate At ₦1,101/$1 / CBN Sells Over $300m To Banks As Naira Gains (2) (3) (4)
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CBN Sells Dollars To Banks For First Time In 5 Months by nlfpmod: 2:07pm On Feb 14 |
The Central Bank of Nigeria (CBN) took its latest step towards stabilising the naira after selling almost $90 million in the spot FX market on Tuesday, its first sale of dollars in the market since September 2023. https://www.google.com/amp/s/businessday.ng/news/article/cbn-sells-dollars-at-spot-market-for-first-time-in-5-months/%3famp=1 3 Likes
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Re: CBN Sells Dollars To Banks For First Time In 5 Months by Omihanifa: 2:09pm On Feb 14 |
Upon all the dollars the CBN is pumping into the market through the banks the naira keep sliding ![]() 20 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Omoawoke: 2:12pm On Feb 14 |
Let me say something. If you have ever gone into CBN and see the way the staff are working and the kind of people there, you will know Nigeria’s problem is deeper than you think. When you have a sensitive system occupied by incompetent people, people who got the job through slots and nepotism. Enter cbn office and see their staff watching movies on their laptops, doing little or nothing other than occupying space and earning salaries. How do you expect such system to function 284 Likes 28 Shares |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by sukkot: 2:12pm On Feb 14 |
Warevaaaa. We hear how Wigwe and co are given dollars by CBN and how that’s how they all got rich 17 Likes 2 Shares |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Saturnalia(m): 2:12pm On Feb 14 |
CBN sells to Banks @ 1,490 Naira? And the Banks will sell to the BDC operators @ 1,690 Naira; BDC will sell to the general public @ 1,890 Naira, and the cycle continues. Until the Black Market is scrapped, trust me, this is an exercise in futility. 152 Likes 1 Share |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by chiefolododo(m): 2:13pm On Feb 14 |
CBN selling at 1490, how much then will the banks sell it ? 55 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Macphenson: 2:13pm On Feb 14 |
kk 1 Like |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by saintjimos(m): 2:13pm On Feb 14 |
If you sell @ 1490 to the banks , how much do you think they will resell Can’t we use dollar for only online transactions in this country and any other fiat payment is through naira Dorm acct should be phase off as well 43 Likes 2 Shares |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Britishcoins(m): 2:13pm On Feb 14 |
The last kick of a dying horse... Confused bunch of corrupt politicians... 31 Likes 2 Shares |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by meum: 2:13pm On Feb 14 |
A sound economist would have known what to do not all these trial & error these people are doing to our economy. 10 Likes 1 Share |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Eriokanmi: 2:14pm On Feb 14 |
Ok. But as at yesterday, nothing has changed. This is where their wicked policy has hit me so hard. I will survive it 4 Likes 1 Share |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by money121(m): 2:14pm On Feb 14 |
Awon oni ranu ![]() Won ti paa Naija si ara Incase you need this full video attached below Whatsap me 0 80 8 5 310 35 nine Awon Ojelu After Politician Banker remain the biggest scammers in the world ![]() 2 Likes
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Re: CBN Sells Dollars To Banks For First Time In 5 Months by richard870(m): 2:14pm On Feb 14 |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by illuminutty: 2:14pm On Feb 14 |
Nonsense! Tinubu and his Geng of Lagos Boys have nothing to offer Nigeria except hardship and leadership by propaganda and Trial & Error. If not that Nigeria is a failed state, tell me how and where else on earth can someone with Tnubu's character, history and description be qualified to be a village chief let alone to be president of the most populous black nation of over 200 million people. Tell me how. 18 Likes
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Re: CBN Sells Dollars To Banks For First Time In 5 Months by BarrElChapo(m): 2:14pm On Feb 14 |
Low rate of N1490, so we're never going to see a less than a thousand rate to the dollar anymore😭😭😭 25 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by specialmati(m): 2:14pm On Feb 14 |
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Re: CBN Sells Dollars To Banks For First Time In 5 Months by ShobayoEmma(m): 2:14pm On Feb 14 |
Let the masses breath, is too much to demand? Tinubu, a bad man with good intentions. |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by spiSeyi: 2:14pm On Feb 14 |
The USD will be 800 NGN this year and I forsee the current inflation reduced by 20% 10 Likes 2 Shares |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by GreaterFuture(m): 2:15pm On Feb 14 |
Ok... |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by MorataFC: 2:15pm On Feb 14 |
Hmmm |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by SensualMan1(m): 2:15pm On Feb 14 |
Tinubu will handle the economy, Shettima will handle the security ![]() My westside G'z Holla.. Ebi n pawa ooo! 12 Likes 1 Share |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by gigabyte13: 2:15pm On Feb 14 |
Nigerian commercial banks are very very useless... Na Dem gangan dey sabotage the economy. Approved, legalized and constitutionalised armed robber without any visible weapon. They very very useless Baba Alajo better pass them 8 Likes 1 Share |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Smartguyboy(m): 2:15pm On Feb 14 |
Obi is a fraud Will never rule this zoo Looking and laughing at them now . 18 Likes 1 Share |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Randal: 2:15pm On Feb 14 |
Will it change anything?🤷🏿♂️ 2 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by shortgun(m): 2:16pm On Feb 14 |
From selling $25 million daily to selling $90 million every 6 months, that's more like 1000 steps backwards 10 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Sangoamadioha1: 2:16pm On Feb 14 |
sukkot: Tell me one rich man in Nigeria whose hands are not tainted with corruption. 5 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by ibrocool(m): 2:16pm On Feb 14 |
If CBN is selling at ₦1,490 then we should be expecting the banks to be selling at ₦1,550 and above. The black market will be worst as they will sell between ₦1,600 and ₦1,800. What is making me to get worried most is the floating of naira which is not really working. Our local products that is supposed to sell at lower price are competing with imported products which is at higher price. A lot of reformation needs to be done in this country. 9 Likes 1 Share |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by paskal16: 2:16pm On Feb 14 |
Gf |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by seunny4lif(m): 2:16pm On Feb 14 |
Wait oooh, can’t CBN sell it lower than that for Banks? How much will Bank sell dollar if CBN sold it for that price. 3 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Aremwayne: 2:16pm On Feb 14 |
Nigeria has fallen! 4 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by merits(m): 2:16pm On Feb 14 |
nlfpmod: I hope no be paid paid sell oo. |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Goodlady(f): 2:17pm On Feb 14 |
At what rate. Omoawoke:That's the problem we have. Have you heard of the prayer small work, big pay (ise kekere, owo nla)? That's the selfish prayer and selfish mentality of Nigeria. We need restart botton! 4 Likes
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