I

2mch:
This OP is a stark illiterate and all the fools rejoicing on this thread are all blockheads and extremely unintelligent. No way and at no poInt does this article indicate that there is a Change in floating the Naira. It just means the CBN is regulating BDC and the rate with much stricter policies. Making the Naira stronger. A lot of you are fools sha, no wonder Obi could make fool of you people like this and those dumb politicians actually get away with a lot.

Wait till this time next month before you start calling people stark illiterate.

Why do some people like crying, when Naira falls they cry, when it rises they cry . All I know is that they will all see the rise of Naira and great Nigeria

a4cube:
This u turn pass the u turn of London black cabs.

As long as naira go stabilize

And you will tell me these people know what they are doing? Rubbish! In a working system, Cardoso would have been fired and charged with treasonable offense relating to the economy!

Noted.

emmyclassic:
Wait till this time next month before you start calling people stark illiterate.

Don't mind the idiat

EmiloCorn:
Yes our Jagaban is working.

This mandate I am standing on is too solid



This thing you posted is treasonous take it back jor

How can you say our oga is playing kalo - kalo with the lives of over 200 million people?

Are, you okay?
Is he okay?

You people should be careful on this place oh let us not call DSS for many of you

A mandate that have brought hunger and starvation upon the nation

It's a cursed mandate

This will be bad news for the obidients who are expecting Nigeria to kpai.

Continue your propaganda

Like I said before, they can't do without the bdcs. It's impossible. Banks aren't sincere in allocating fx which now makes bdcs the last resort for fx needs. This will reduce the pressure on the part of the naira.

Instead of scrapping bdcs, arresting them or increasing their share capital to discourage operations, why not regulate their activities?

I hope they can improve on that and naira can regain its strength cos only their policies affect everyone

This is regulation. Kudo! Cardoso. All operators must be under some regulations including the Banks.

AllTheWayUp:

After destroying the economy and decreasing the purchasing power of Nigerians with their trial and error policies , they have now gone back to their vomit.
Thunder fire Tinubu
Thunder fire all those who supported Tinubu for floating the Naira

You guys always have problem for every solution. lol

I personally don't understand all these forex jargons so much. My own is that we care so much about dallar because we don't produce enough for ourself as a country. Why can't the govt direct enough energy into production like agriculture and others. I just hope that all these palliatives and youth unemployment stipends or something will not worsen the situation .

Now that Naira has improved, we won't hear pim from marketers

Nice strategy to crash the dollar price 😏

HeatSeeker:


Honestly, they owe him a very big apology.

Emefiele is part of them

richiemcgold:
We should try and read attentively before running to the comment section. Based on what I read up there, I don't think the floating has really been reversed. So why are those people above me shouting floating upandown?
In a nutshell, the fx market has been extended to BDC again but it is specifically for eligible BDCs and the market can still be well monitored by the CBN.

You dey mind them. CBN is intervening in the market to increase dollar liquidity in a bid to prevent the rate from going up. That is different from fixing the rate. As long as they're not FIXING any rate, the market remains floated.

LegendHero:
I love this.

So it will be determined by the true market rate of the previous trading day spot transaction of NAFEM.

So the market will still determine the rate every week.

who determined the rate of N1,301/$1?

is it market forces or CBN?

That is a good move. We look forward to better days.

Tinubu set his agents to be chasing abokis around the streets of Nigeria and they in turn made dollars scarce and more expensive while their brother jacked up the price of cement and other commodities to strangulate Nigerians so that they can heap on the blame on Tinubu.

I guess Tinubu has seen that they'll defeat him hands down so he's backtracking by restoring sales of dollars to abokis so that they can continue funding their agenda for Nigeria.

Nigerians open your eyes o

richiemcgold:
We should try and read attentively before running to the comment section. Based on what I read up there, I don't think the floating has really been reversed. So why are those people above me shouting floating upandown?
In a nutshell, the fx market has been extended to BDC again but it is specifically for eligible BDCs and the market can still be well monitored by the CBN.

Obidients are the dumbest people in Naija. They pretend to be intelligent though.

lexy2014:


who determined the rate of N1,301/$1?

is it market forces or CBN?

Since the CBN did not fix it, it's market forces. Next question.

richiemcgold:
We should try and read attentively before running to the comment section. Based on what I read up there, I don't think the floating has really been reversed. So why are those people above me shouting floating upandown?
In a nutshell, the fx market has been extended to BDC again but it is specifically for eligible BDCs and the market can still be well monitored by the CBN.

who determined the N1,301/$1 rate?

why should CBN monitor how BDCs wish to sell their dollars?

JuanDeDios:

Since the CBN did not fix it, it's market forces. Next question.

that is not what I asked you.

who determined the rate of N1,301/$1?

is it market forces or CBN?

lexy2014:


that is not what I asked you.

who determined the rate of N1,301/$1?

is it market forces or CBN?

Fastest speed to respond. Zero comprehension. Smh.

JuanDeDios:

Fastest speed to respond. Zero comprehension. Smh.

since you have more than zero comprehension, then choose an option.

who determined the rate of N1,301/$1?

is it market forces or CBN?

SensualMan:
Tinubu is working! The economy is fantastic!

Bola Ahmed Okechukwu Tinubu!

On your mandate we shall stand!

Jagaban till 2039

Dry. Take this toy 🪀 and play outside. People with common sense are discussing.

lexy2014:


who determined the rate of N1,301/$1?

is it market forces or CBN?

The market. They are using the closing rate of the previous day.

lexy2014:


who determined the N1,301/$1 rate?

why should CBN monitor how BDCs wish to sell their dollars?

CBN also sells to banks and monitors how much the banks sell to their customers

I think the same thing is applicable to BDCs

I'm not a financial expert or economist though, I say it based on what I read up there.

AllTheWayUp:


Tinubu is ruling Nigeria with Trial and error strategy

Reminds me of one mathematics method like that factorisation using trial and error method, sometimes I have to solve 5 times b4 arriving at the answer, time don go.

LegendHero:
I love this.

So it will be determined by the true market rate of the previous trading day spot transaction of NAFEM.

So the market will still determine the rate every week.

Thank you for educating some of us.