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Nairaland Forum / Nairaland / General / Business / 24 Hours After New Policy, CBN Injects $371m Into Forex Market (18567 Views)
Naira Climbs To N360.55/$ As CBN Injects $210 Million / CBN Injects $482.6m Into Forex Market, Naira Gains / CBN Injects Another $100 Million Into Forex Market (2) (3) (4)
24 Hours After New Policy, CBN Injects $371m Into Forex Market by ijustdey: 9:12pm On Feb 21, 2017 |
About 24 hours after The Central Bank of Nigeria (CBN) announced fresh policy actions in the foreign exchange market, the bank has pumped $370.9 million into the forex market. https://www.thecable.ng/24-hours-new-policy-cbn-injects-371m-forex-market lalasticlala 2 Likes |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by auntysimbiat(f): 9:17pm On Feb 21, 2017 |
hmmmm |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by CoolFreeday(m): 9:21pm On Feb 21, 2017 |
waooo, that nice. this will make paying of school fee easier for those schooling outside the country. 10 Likes |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by BiafranBushBoy: 9:22pm On Feb 21, 2017 |
Mtcheeww... As usual, the big guns will hoard it and declare scarcity!! They don't care about us one bit!!!!! Failed country!! 72 Likes 3 Shares |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by kabrud: 9:29pm On Feb 21, 2017 |
Waiting for the effect on naira/dollar rate. 12 Likes 1 Share |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by hungryboy(m): 9:35pm On Feb 21, 2017 |
This Buhari Government mumu no be small Even me were no go school sabi say Selling of dollars to banks no go help Cos bank managers go still hoard the dollars were dem buy 360 naira Carry am go sell give their Bureau de change friends at 500 naira Make cool millions in profit The best thing is for the Cbn to sell dollars directly to importers and companies who are about to purchase things abroad 61 Likes 2 Shares |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by agarawu23(m): 4:43am On Feb 22, 2017 |
If only the $$ will reach the "ordinary" Nigerians ![]() ![]() ![]() ![]() ![]() ![]() 8 Likes 1 Share |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by lifter1000: 5:46am On Feb 22, 2017 |
NOW THE NAIRA CAN RISE. KEEP IT UP 1 Like |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by 9japrof(m): 7:09am On Feb 22, 2017 |
how do the average guy on the street benefit from this. 1 Like |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Bitterleafsoup: 7:13am On Feb 22, 2017 |
Medical expenses for who? So nobody in that administration has even small sense? 7 Likes
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Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by eleojo23: 7:13am On Feb 22, 2017 |
Please let me know when the N1=$1. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Icecomrade: 7:13am On Feb 22, 2017 |
Buhari and his fellow Mallams needs to stop dollar trade . They are ripping Nigerians off by depreciating Naira value. CBN just simply injected more dollar for them to trade with. They keep injecting forex and Naira keeps falling. Its 520 today, whatever CBN injected would only steady it for few days and the trend will continue. Hiss 18 Likes 3 Shares |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Einl(m): 7:14am On Feb 22, 2017 |
Funniest thing is the people that need it will never get it. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by bibiking7(m): 7:15am On Feb 22, 2017 |
This won't work. This is just wholesale. The banks will just serve as retailers to the bureau De change mallams. And the circle continues. 11 Likes |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by MrGreenMavro: 7:15am On Feb 22, 2017 |
b |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by adioolayi(m): 7:16am On Feb 22, 2017 |
Those bankers will still sell to BDCs... they don swear for them.... they are the forex problem 12 Likes 1 Share |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Costello559(m): 7:16am On Feb 22, 2017 |
Very cool... Buhari the strict man no dy... Das y dem dy release money |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by adioolayi(m): 7:17am On Feb 22, 2017 |
Einl:the idea is for them to sell directly to end users.... but those bankers will still sell to BDC who was will sell it at higher price to the end users 3 Likes |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by obembet(f): 7:17am On Feb 22, 2017 |
Abeg.. Help me tell Buhari make him stay there.... We are OK with osinbanjo. Plssssssss 2 Likes |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by onatisi(m): 7:17am On Feb 22, 2017 |
kabrud:Unless they can sustain it for a week or two,there wont be any improvement. The million dollar question now is "can they"? 4 Likes 1 Share |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by benuejosh: 7:18am On Feb 22, 2017 |
that's a nice move. But will it be made available for the common man. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by seunlayi(m): 7:19am On Feb 22, 2017 |
Will this make dollars to be sold @220? 4 Likes |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Nobody: 7:20am On Feb 22, 2017 |
BiafranBushBoy: We were never in their thoughts. What was done by the CBN is majorly for the rich and recognized.....not we the nobody. I hate reading this kinda news....i no even know why i enta d thread this morning sef. #RADARADA 7 Likes 1 Share |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by ileogbenfidel(m): 7:20am On Feb 22, 2017 |
Confused people |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Nobody: 7:21am On Feb 22, 2017 |
So, is this good news? |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Pavore9: 7:21am On Feb 22, 2017 |
Round tripping will still not be eliminated. 2 Likes |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by PapaBrowne(m): 7:22am On Feb 22, 2017 |
Hmmm! Osibanjo is doing wonderfully. Buhari apparently was the problem all along. As was in 1983, so was 2016. Buhari must be urged to attend to his health for the next 2 years let Osibanjo fix the mess he created. 4 Likes |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by kabrud: 7:22am On Feb 22, 2017 |
onatisi:I pray they should be able to. |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by Omakraid(f): 7:23am On Feb 22, 2017 |
onatisi:Ask them ooo |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by DonCortino: 7:24am On Feb 22, 2017 |
Story! |
Re: 24 Hours After New Policy, CBN Injects $371m Into Forex Market by netflicks(m): 7:24am On Feb 22, 2017 |
If they like dey can inject a trillion dollars but I tell u dis dollar is like a virus it won't rest until it hits N1000 then it can relax...as for CBN and APC endless policies, pls dey shd stop making the news coz am tired of reading their unrealistic policies.. .. ![]() |
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