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Nairaland Forum / Nairaland / General / Business / CBN Sells Dollars To Banks For First Time In 5 Months (31792 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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Re: CBN Sells Dollars To Banks For First Time In 5 Months by Authoreety: 2:17pm On Feb 14 |
Money |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by apesinola001: 2:17pm On Feb 14 |
BULABA BULABA BULABA |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by shortgun(m): 2:17pm On Feb 14 |
Smartguyboy:Where was obi's name mentioned in the article? Get a life dude 4 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by sukkot: 2:18pm On Feb 14 |
Sangoamadioha1:not one. These people have no factories but are worth billions of dollars. Producing what ? 2 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by MorataFC: 2:18pm On Feb 14 |
sukkot:hmmm 1 Like |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Bluntemperor: 2:18pm On Feb 14 |
Saturnalia: 1 Like |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by paskal16: 2:18pm On Feb 14 |
Kukuma open the federal government dollar treasury and flood the economy/market with 5billion dollars If you're bereft of ideas on how to save the naira |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Toyade888(m): 2:19pm On Feb 14 |
chiefolododo: 1491 |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Mitsurugi(m): 2:19pm On Feb 14 |
Omoawoke: I totally agree |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Mitsurugi(m): 2:19pm On Feb 14 |
Smartguyboy: You need help |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Wisedove(m): 2:19pm On Feb 14 |
Trust me, the banks will sell almost 80 percent of the dollars to BDC within a week, and those ones on the other end will hoard the money which will always leads to artificial scarcity. Banks sell dollars to BDC, they sell new notes to politicians, celebrities and socialite The government should raise a committee to checkmate the illegal activities going on in the banking sector if they are really ready to make a change. 2 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Navalsadiq(m): 2:20pm On Feb 14 |
This is absolute rubbish.tinubu is profiting from this seriously at the expense of the expense of Nigerians and Nigeria .if they sell at this exhobitant rate,How much do they expect the banks to sell to end users?. He met the dollar at the rate of of 600 naira to a dollar.what exactly is he doing.i thought they have brains and they can turn the economy around.this isnt good at all 3 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by NextUK: 2:20pm On Feb 14 |
But a sound you can't think of anything to do but comment foolishly about what you know nothing about. meum: 2 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Realdeals(m): 2:20pm On Feb 14 |
Lol! Smart economist like who? Guess you're one meum: |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by yewit37486: 2:21pm On Feb 14 |
sukkot: It's like you have scores to settle with Wigwe, the way you've been going on since he passed. What's up? 1 Like |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by yewit37486: 2:22pm On Feb 14 |
Omoawoke: I don't disagree. But those people have always been there, what's changed? |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by sukkot: 2:22pm On Feb 14 |
yewit37486:these are the men who destroyed the country. The bankers. The money pushers 👀 1 Like |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Dreamchasers31(m): 2:22pm On Feb 14 |
Well I just left the bank, they said they don't have dollars, but the dollar dey aboki hand, make una dey play 1 Like |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Sangoamadioha1: 2:24pm On Feb 14 |
sukkot: But see us celebrating the architects of our national problems as national heroes. 3 Likes 1 Share |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by naijapips04: 2:24pm On Feb 14 |
Lol. Anu mpams. They are walking back on their Naira floating. Bunch of dimwits. 1 Like |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by sukkot: 2:25pm On Feb 14 |
Sangoamadioha1:not me. I don’t celebrate nobody . 2 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Smithwilliams826: 2:26pm On Feb 14 |
. |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by yewit37486: 2:26pm On Feb 14 |
sukkot: Well, I would say the politicians AND the bankers. Remember the Ogun state finance director guy who was killed some months ago after withdrawing N118 million from 2 banks, he couldn't have done that without the bank's full support - in a country where customers were being told they couldn't withdraw more than 100k at once, yet a government official withdrew over 100m, so yes, they are in bed together. Wigwe is just one of several as 99% of the top bankers are in this, including currency roundtripping. The good thing is the consequence will go round eventually. 7 Likes 1 Share |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Honestey: 2:27pm On Feb 14 |
".....CBN sold the dollars at a rate as low as N1490 per dollar....." e go red gan oo |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by tete7000(m): 2:28pm On Feb 14 |
Saturnalia: You can't scrap black market if scarcity persists, the scarcity ensures that the black market exists. Solution to black market is to get surplus dollars into the economy by encouraging production and you will see black market disappears, and even if it doesn't disappear, the margin between it and the official market will disappear. 4 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by nairalanda1(m): 2:28pm On Feb 14 |
But we are still not earning much dollars. That's the koko 2 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by ogawisdom(m): 2:30pm On Feb 14 |
![]() My friend bought 5000 USD yesterday at 1525 and I was still telling him it's too high but he expressed confidence it will be 2000 before one month time. Hmmm today alone USD is 1575 he has gained 50 x 5000 = 250k after 24 hrs As long as Nigerians have extreme confidence in USD and can buy it at any amount for speculation purpose it will keep rising. USD has become an asset people buy and keep to profit from. Nothing appreciates faster than USD in Nigeria now so everyone is buying USD at any amount. Any amount CBN put up for sale will be bought in 7 days for hoarding & artificial scarcity is created to make it rise again. Floating naira is a terrible decision that must be reversed ![]() ![]() 6 Likes |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Whytelyon(m): 2:30pm On Feb 14 |
Saturnalia: Then some Locations would add 50 or deduct 50 naira respectively. One currency, 4 rates. This is what I was telling my father and he did not understand. 1 Like |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by sukkot: 2:31pm On Feb 14 |
yewit37486:so you know all this and are wondering why I am against bankers ? It’s nothing personal against the man himself but he is a major part of the problem. 1 Like |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Cul4real(m): 2:31pm On Feb 14 |
chiefolododo: I wonder ooo |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by Whytelyon(m): 2:32pm On Feb 14 |
Smartguyboy: Those Osiwin people. Make person advice Obi make e no reason am. Me go personally Vote tinubu come 2027, make these useless idiots die finish. Bunch of useless and aimless people way no see sense get. |
Re: CBN Sells Dollars To Banks For First Time In 5 Months by yewit37486: 2:34pm On Feb 14 |
sukkot: I thought you had issues with him as a person, not as a banker. |
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