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Nairaland Forum / Nairaland / General / Business / ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars (16399 Views)
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ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by johnjose68: 8:47am On Apr 07 |
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to reduce its applicable buying exchange rate downward due to naira’s speedy recovery. https://www.thecable.ng/abcon-to-cbn-reduce-fx-rate-so-our-members-can-bid-for-more-dollars/amp/ 71 Likes 2 Shares
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Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by shuttox: 8:51am On Apr 07 |
Make them go abeg Una really show us pepper 33 Likes 3 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by RealLordZeus(m): 9:05am On Apr 07 |
When you guys are buying at 470 and selling at 750, you no see that as wickedness. Now that black market rate is lower than official rate, you resort to begging, okan yin o ni bale 127 Likes 11 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by helinues: 9:06am On Apr 07 |
You people had the opportunity but misused it 102 Likes 3 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by helinues: 9:07am On Apr 07 |
Fakeallah: Don't you have family members to tell. What exactly is your problem with this years of trolling. Don't you have something meaningful in your life to engage with. Continue creating dedicated monikers to be trolling others as you are just a coward who can't face me head on. Coward 108 Likes 6 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by Fakeallah: 9:12am On Apr 07 |
helinues: Your mom is waiting? 6 Likes 2 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by Elliotwaveforec: 9:36am On Apr 07 |
Is CBN not monitoring the open market rate before fixing the price for BDC operators? CBN, reduce the BDC rate to N900 now to expedite the appreciation of our dear Naira. See Black market at 1242 and CBN --fixed BDC at 1252. So, if CBN reduces to N900, definitely black market will crash below N900. IMF should come and learn work from Wale Edun joor! 19 Likes 4 Shares
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Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by iichidodo: 9:49am On Apr 07 |
CBN has kick-started a down ward trend in the fx market, something no other entity has managed to do in any third world country, there's every possibility that IMF and other foreign financial bodies are watching Nigeria with keen interest. If CBN listens and allows the money grabbing and exploitative cabal that is the BDCs to teach them their work, then all the good work of the past 1 month will fall to pieces.....And we go back to beg France to use CFAs 26 Likes 3 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by benuejosh: 10:01am On Apr 07 |
Those Obidients and emergency lovers of Nigeria who prayed hard for naira to hit N2000/$1 have been so quiet these days. 57 Likes 4 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by Elliotwaveforec: 10:17am On Apr 07 |
benuejosh:I dey tell you! Den go wait tire for that 2k. 33 Likes 3 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by Basic123: 10:28am On Apr 07 |
Elliotwaveforec:Yes!..they are monitoring it. Actually learn work from yemi Cardoso. We will definitely go far below 1000 by the end of the year. Also CBN now receive our oil sales proceeds directly through NNPCL.There enough dollars to sells and still grown the foreign reserve.I wish Cardoso maintains the tempo!...and should never derail 122 Likes 4 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by Elliotwaveforec: 10:35am On Apr 07 |
Basic123:Yemi is a commercial banker! Wale is an economist; everything going on at the CBN is the brainwork of Wale. Bankers don't perform as CBN governor but economists. Banking is just a subset of economics! So, Yemi does what Wale tells him to do. An economist no be banker mate. 14 Likes 1 Share |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by KingKO22: 10:39am On Apr 07 |
Online mobs are in severe humiliation once again They go to church with their evil heart praying for their country to become worst among nation all because their Lucifer lost election Oh God that keep humiliating the IPOBidients, glory be to your name 112 Likes 5 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by KingKO22: 10:47am On Apr 07 |
Elliotwaveforec: Glory be to God that give us the best brains from SW. magine Emeifiele was afraid to flow the Naira that's why he was paying billions to defend Naira but Cadoso has proved it that Yoruba are the best black race In Asiwaju mandate we believe Thing will get better by the grace of God 114 Likes 4 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by Basic123: 10:47am On Apr 07 |
Elliotwaveforec:Anyhow,me I am sha enjoying the results! 93 Likes 1 Share |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by Basic123: 10:51am On Apr 07 |
KingKO22: I am a yoruba too.This is not about racial superiority. Okonjo iweala,Lamido sanusi and Soludo are also fantastic. It was even Lamido Sanusi that raised that Alarm that "WHY IS CBN NOT RECEIVING DOLLARS FROM NNPCL SALES" which TINUBU/YEMI implemented. It is the same system of CBN not involved in the receipts from the sales of the country most important resources that led sanusi to accuse NNPC/GEJ of embezzling 20billion dollars then.That accusation alone dented GEJ government image and eventually culminated to the end of his Government. 122 Likes 5 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by HopeUzodinma: 10:56am On Apr 07 |
Hahaha. Oh God. What a people. |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by AgentGoat: 11:01am On Apr 07 |
This is what you get when you get hold of your destiny. 3 Likes |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by Tohmey(m): 11:38am On Apr 07 |
We stand against parallel market Parallel market should be abolished in Nigeria Ah ah Which kind rubbish is all this? 2 Likes 1 Share |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by ObiORBiafra: 12:55pm On Apr 07 |
![]() Been a long time Obi people spoke about mandate 15 Likes 2 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by 4tomandchi: 7:54pm On Apr 07 |
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Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by Goodlady(f): 7:55pm On Apr 07 |
If it ll bid well for Nigerians and dollar ll.crasg further, the masses ll support. Anybody causing bad economy for Nigeria, line up for brain resetting slaps! 1 Like
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Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by LegendHero(m): 7:57pm On Apr 07 |
ObiORBiafra: Obi still dey hustle for food from mosque. He will run back to his usual song of stolen mandate after Ramadan. 13 Likes 2 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by PheelzAlmighty: 7:57pm On Apr 07 |
Nigerians are the reason why Nigeria is fantastically corrupt. The average Nigerian is only interested in his own tummy. As for the slowpoke spewing trash about Peter Obi, you can cry us all a river. Tinupoo is a monumental disaster. 4 Likes |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by 4tomandchi: 7:57pm On Apr 07 |
Una never see shege 3 Likes |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by Coolestguy2023: 8:01pm On Apr 07 |
4tomandchi: Is that all the capacity of your brain can contribute to the discuss? 11 Likes 2 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by frank33(m): 8:02pm On Apr 07 |
Elliotwaveforec: So by your analogy, cbn can wake up tomorrow and say that 1 dollar is now 100 naira. And just like that 1 usd = 100 naira. Do you not see that this cannot be true. Slow down with your excitement, you don't understand how this issue works. 10 Likes 2 Shares |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by inoki247: 8:03pm On Apr 07 |
Lol cheap Dollar for arbitrage don too sweet dem.... Lol na during Easter I see say Black Market rate come low pass CBN own the thing surprise me so automatically no much gain for all this BDC anymore they need it to be reduced so they can be back to the old way.... 2 Likes |
Re: ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars by ArewaNightmare: 8:03pm On Apr 07 |
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