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CBN Sells Fresh Dollars To Bdcs At N1,021/$ - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Sells Fresh Dollars To Bdcs At N1,021/$ (18223 Views)

Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 / CBN Sells Dollars To BDCs Below Market Rate At ₦‎1,101/$1 / CBN Sells Dollars To Banks For First Time In 5 Months (2) (3) (4)

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Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by VULCAN(m): 4:04pm On Apr 23
To think that immediately below his post someone posted the 1270 rate.

I was waiting for him to show us his own evidence but it's clear he is making noise without any proof.

Na dem.

leokid866:
stop pasting lies....black market is below 1k.....even aboki fx wey dey lie no quote 1270......you better go and sell your dollars cause you are only lieing to yourself

4 Likes

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by Congrats321(m): 4:07pm On Apr 23
Indeed. I agree with you. UNSUSTAINABLE.
nawaforyouo:
medicine after death

1 Like 1 Share

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by clems88(m): 4:11pm On Apr 23
Haaland21:


Ipob miscreant would wail tire...

Keep your dollars till it gets to 400 naira per one USD..
lol. Painment grin allow me to wail na... Abi na your wail cheesy

1 Like

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by Daystar7: 4:11pm On Apr 23
Black market rate today is #1280.
Backing the dollar after floating it and destroying the economy just like they did with fuel subsidy is funny and stupid. Call Emefiele all sorts of names only to go back to do the same thing he did.
Why not restore dollar transaction to our naira debit card. I want to pay for an international school registration in Canada for Msc application and their rate for 1 Canadian $ is #1320 imagine the nonsense. Let this useless government restore dollar transaction on our naira debit card and stop harassing to give up their dollars so they can sell to themselves. Who are the Bdcs and what purpose do they serve? Why not let banks handle it while we the consumers get it from the bank through our debit card. That way no one will have access to dollar hard notes for hoarding. Useless people fooling themselves

6 Likes

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by seborrhic: 4:12pm On Apr 23
Namaster:
Funny if true.

The idea that a Nigerian will be satisfied with ORDINARY #15 profit.
That is 150k for every $10k the CBN sells to them.If it's done 10times a month,that is ₦1.5m profit for doing nothing more than being given dollars and handing it over to anyone that needs it!

2 Likes

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by omoredia: 4:13pm On Apr 23
Paramount01:



They are easy to access than banks, Nigeria are just used to them,CBN try to deal without them but is not possible thst is why he have to register them


They are not easier. They are corrupt and unregulated and must be scrapped. When has Nigerian govt considered the ease of the masses? It's all a means to loot by the elite
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by RecentHistory: 4:17pm On Apr 23
Namaster:
Funny if true.

The idea that a Nigerian will be satisfied with ORDINARY #15 profit.

Container economy has ruined your brain, you can't even reason well.
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by GreaterFuture(m): 4:19pm On Apr 23
nawaforyouo:


CBN messed up big time... They had all in their favor, yet they messed up!
Please expatiate more on this particular statement...
I've not been able follow up their usual - babyish -games..
But that line "they had all in their favours but still messed up"...
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by tctrills: 4:32pm On Apr 23
helinues:


Abeg, make una stop displaying una half baked knowledge about things. So if you have millions in trading and gained N15, how much do you think that would be ?

Una hatred for una country don dey make reasonable number of you guys to be misyarning
To you. Anyone who doesn't agree with you hates the country. But the truth is that the only ones who hate the country are the leaders and the idiots who voted them to power. They are the ones who have made Nigeria a living hell.

4 Likes

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by Nbote(m): 4:37pm On Apr 23
leokid866:
why you lying 🤥......

VULCAN:
To think that immediately below his post someone posted the 1270 rate.

I was waiting for him to show us his own evidence but it's clear he is making noise without any proof.

Na dem.


You guys will just sit in your houses and type. Oga as at yesterday evening dollar was trading for between 1270 and 1280 at the Bureau De Change market in zone 4. Infact most of them were refusing to sell.
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by Donedeal1(m): 4:44pm On Apr 23
People with active brains are working
But those with empty skulls

Are lamenting
Do some of you know what it take to
Solve a problem

2 Likes

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by Alusiizizi(m): 4:44pm On Apr 23
How does borrowing money and throwing it away constitute good economic policy The money being used to "support" the Naira would be better put to projects that support indigenous products. I get paid in $$, the CBN give me a higher exchange rate than Malam and upon receipt, I immediately convert my CBN converted Naira to $$ because I see this smoke-screen and mirrors being performed for what it is. The Naira will depreciate much further in the near future.
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by commoditiesnig: 4:52pm On Apr 23
alizma:

Lol, you don't understand the market, at times, the margin can be just 5 Naira
You're right!

Weldone CBN
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by Biodun556(m): 4:52pm On Apr 23
helinues:


Abeg, make una stop displaying una half baked knowledge about things. So if you have millions in trading and gained N15, how much do you think that would be ?

Una hatred for una country don dey make reasonable number of you guys to be misyarning


If they are not satisfied with the profit they should quit the business

1 Like

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by commoditiesnig: 4:56pm On Apr 23
leokid866:
if you are so sure of this rate enter street and ask Aboki to give you this rate let's see what will happen.....
Lol.. They too like to quote imaginary online fx rates.. But not rate on the streets. 😂

1 Like

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by MrBONE2(m): 4:58pm On Apr 23
Amayabor1:
Na our foreign reserve una dey sell give BDCs?

cheesy

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by RealTrump: 5:02pm On Apr 23
stjudas:
Even if na POS sef.


If aboki sell dollar at ₦15 profit, make I bend cheesy

Dem go collect dollar from CBN ₦1021, then d Mallam go give him boy naira, make e come buy the dollar at ₦1036.

Dem go show Cardoso paperwork say dem don sell am for ₦1036 but go later go sell am back at the real black market for ₦1300. grin cheesy

3 Likes

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by fortune1968: 5:05pm On Apr 23
Believeintruth:


Oga stop deceiving yourself black market as at last night was 1270
Last night .
Today is Tuesday . I spot your insincerity.
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by RealTrump: 5:06pm On Apr 23
onatisi:

Exactly my thought , PPL those who are mopping up all these cheap dollars will be defending this policy. But for how long will CBn continue selling these cheap rates at the expense of our external reserve

Bro, the serious mopping of dollar that is currently ongoing no be here cheesy

people are ready to mop the dollars even if you wan sell at ₦1800 cheesy

1 Like

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by Bimpe29: 5:11pm On Apr 23
Alihamdulillahi Rabili Alameen as it's really getting better and sweeter.
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by kamez(m): 5:23pm On Apr 23
leokid866:
stop pasting lies....black market is below 1k.....even aboki fx wey dey lie no quote 1270......you better go and sell your dollars cause you are only lieing to yourself

Relax bro dollar is #1250 this morning at ama hausa here in owerri . ..
I sold 700 Dollars to aboki this morning
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by Igbek76: 5:25pm On Apr 23
Sheuns:


1270-1290 is what you'll get from aboki as now.

Illegal! You are been scammed. Foolish people .
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by Igbek76: 5:28pm On Apr 23
RealTrump:


Bro, the serious mopping of dollar that is currently ongoing no be here cheesy

people are ready to mop the dollars even if you wan sell at ₦1800 cheesy


Una wahala! The government have tried to put sense into Sane patriotic Nigerians head. Defend your currency it's your economy.
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by KanoSeller: 5:44pm On Apr 23
Donedeal1:
People with active brains are working
But those with empty skulls

Are lamenting
Do some of you know what it take to
Solve a problem
Sometimes I think we (Nigeria) are creating more problems than solving them smiley

1 Like

Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by Ofunaofu: 5:45pm On Apr 23
helinues:


Abeg, make una stop displaying una half baked knowledge about things. So if you have millions in trading and gained N15, how much do you think that would be ?

Una hatred for una country don dey make reasonable number of you guys to be misyarning

You don't love this country more than any one else
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by tnerro1(m): 5:47pm On Apr 23
Nobody seems to have an answer to this question? WHY DO WE NEED BDCs?
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by Emman08: 5:50pm On Apr 23
Are they working so hard to reduce the dollar rate just for the sake of it or for Nigerians to get some relief from high prices. Because it feels like the later
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by MichaelSokoto(m): 5:53pm On Apr 23
Femich18:
Ok good.
We hope in few weeks time it will sell below #900 to a dollar at the parallel market
foreign reserve go don dry up patapata finish dat time be dat!

undecided
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by Inception(m): 5:54pm On Apr 23
Whatever CBN is doing now, it is no longer working
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by breezeng: 5:55pm On Apr 23
I am still wandering about the importance of th BDC to our fx trade. Can't people buy direct from bank at fixed rate. Maybe it's because I am not an economist. Why using the BDC as a third party. I see it as free money to the boys.
Re: CBN Sells Fresh Dollars To Bdcs At N1,021/$ by sonnie10: 6:04pm On Apr 23
goody234:


You talk a lot of sense get your house in order ...stop blatant corruption ..stop our love for dollars ..shift to a production led economy
Where is the electricity or diesel for production?

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