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Nairaland Forum / Nairaland / General / Business / Banks Seek Buyers As CBN Floods Market With Forex (21577 Views)
Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs / Banks Deliberately Flood Market With Dirty Naira Notes—cbn / Young Boy Storms Enugu Market With His Friends In His 'Self Made' Vehicle.Photos (2) (3) (4)
Re: Banks Seek Buyers As CBN Floods Market With Forex by HAH: 7:44am On Mar 13, 2017 |
Hoarders will not like this news |
Re: Banks Seek Buyers As CBN Floods Market With Forex by NaijaEfcc: 7:44am On Mar 13, 2017 |
Now I believe this country is been run by a cabal, this is the beginning of dollar cycle! Their boys in government will bring down the price, they will buy cheap and stockpile, wait for their boys in government to stop funding and make unreasonable policy, then the price will go up, they sell! Simple easy money!! Ever wonder why the major players in this business is from a certain part of the country?? 2 Likes 1 Share |
Re: Banks Seek Buyers As CBN Floods Market With Forex by dabwan123(m): 7:44am On Mar 13, 2017 |
Don't forget that we generate more foreign exchange from oil export on daily basis beyond what government is pumping into the system. This will sustain the system for a very long time till when we go into manufacturing big time. eezeribe: 1 Like |
Re: Banks Seek Buyers As CBN Floods Market With Forex by nextprince: 7:45am On Mar 13, 2017 |
eezeribe: Tell me about pessimism. Nigeria has practically depended on crude exportation for her forex for a long time and that is what informed the present campaign for diversification. But for the time being, what Nigerians want is the closing of gap between the official and the parallel market rate and the only way out is what the CBN has embarked on especially in the wake of improved price of crude oil alongside the improvement in the quantity being exported. What is your immediate solution other than what the apex bank is doing now? Long term solutions are being pursued and that is one of the several failures of successive past administrations. Stop all these beer parlour analyses. 3 Likes |
Re: Banks Seek Buyers As CBN Floods Market With Forex by Onopa(m): 7:47am On Mar 13, 2017 |
how many days for Form A transaction for tuition now? |
Re: Banks Seek Buyers As CBN Floods Market With Forex by Sunnynwa: 7:48am On Mar 13, 2017 |
Clone2020: Why would someone send dollars at N400 when they can get 440? |
Re: Banks Seek Buyers As CBN Floods Market With Forex by Sunnynwa: 7:49am On Mar 13, 2017 |
nextprince: And you think Travel allowances, medicals and school fees are the majors up takers of forex in Nigeria? Wait till Alaba boys start going to China again. |
Re: Banks Seek Buyers As CBN Floods Market With Forex by nextprince: 7:51am On Mar 13, 2017 |
Sunnynwa: What is the immediate solution other than what is being done? |
Re: Banks Seek Buyers As CBN Floods Market With Forex by burkingx(f): 7:51am On Mar 13, 2017 |
Clone2020:..... Hnmm ! MMM Forex Transfer ni ! ![]() ![]() ![]()
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Re: Banks Seek Buyers As CBN Floods Market With Forex by bessmanie: 7:58am On Mar 13, 2017 |
This is blatant lie!!, CBN has not cleared all the backlogs, they keep giving the public this kind of wrong information |
Re: Banks Seek Buyers As CBN Floods Market With Forex by ISTANDWITHBUHAR: 8:05am On Mar 13, 2017 |
eezeribe: Not sure you read the write up at all but commenting hahah wailing wailer.. Maybe thst should have your surplus for you to understand what the banks are talking about.. 1 Like |
Re: Banks Seek Buyers As CBN Floods Market With Forex by Jerryjabani(m): 8:08am On Mar 13, 2017 |
At wat rate do day giv d dollar in the bank |
Re: Banks Seek Buyers As CBN Floods Market With Forex by Nobody: 8:08am On Mar 13, 2017 |
BANKS, THANK YOU. BUT WE DONT WANT. WE ARE NOT DOING AGAIN. PLEASE KEEP YOUR DOLLARS. AND I PRAY THE TIME VALUE OF MONEY DEPRECIATES IT. |
Re: Banks Seek Buyers As CBN Floods Market With Forex by babniyen(m): 8:10am On Mar 13, 2017 |
What is required is for the blackmarket rate to be at par or lower than the official rate.. Over to CBN. 1 Like |
Re: Banks Seek Buyers As CBN Floods Market With Forex by ISTANDWITHBUHAR: 8:11am On Mar 13, 2017 |
Aburi001: With the new CBN policy no politician will want to hoard dollars anymore cos it will be a big loss to them. If they buy the dollars to hoard from banks at the rate of 305/$ and CBN release another dollars and sell below 300 will will run at loss? 1 Like |
Re: Banks Seek Buyers As CBN Floods Market With Forex by ISTANDWITHBUHAR: 8:13am On Mar 13, 2017 |
nextprince: So that your paymasters can start withdrawing their loots comfortable abroad? hahaha kole werk.. I STAND WITH CBN $100 A MONTH POLICY.. |
Re: Banks Seek Buyers As CBN Floods Market With Forex by Nobody: 8:15am On Mar 13, 2017 |
NaijaEfcc:u have a point. |
Re: Banks Seek Buyers As CBN Floods Market With Forex by bettercreature(m): 8:16am On Mar 13, 2017 |
EgunMogaji:Stewpid lies,my form M is still there since october,even though they asked me to fund my account last week Till now they dont have dollar 2 Likes |
Re: Banks Seek Buyers As CBN Floods Market With Forex by nextprince: 8:20am On Mar 13, 2017 |
ISTANDWITHBUHAR: Nay bro! I'm a buharist to the core, check my posts. What I'm saying, since the banks have excess of the hard currency, why not increase the withdrawal limit from $100 to at least $1k? This will ease a lot of things for the average Nigerians abroad, especially students or what do you think? 1 Like 1 Share |
Re: Banks Seek Buyers As CBN Floods Market With Forex by nextprince: 8:25am On Mar 13, 2017 |
NaijaEfcc: Major players are from certain parts of the country? Hmm. They started just when Bubu took over, I guess. Anyway, since you have got the trick, why not invest accordingly? After all, information is a key to success in business and you have it, so what are you waiting for? 1 Like |
Re: Banks Seek Buyers As CBN Floods Market With Forex by martineverest(m): 8:30am On Mar 13, 2017 |
Aburi001:dont forget,free monies doesnt flow anyhow anymore......Oil price and market are booming......it will be substainable if oil market keeps growing |
Re: Banks Seek Buyers As CBN Floods Market With Forex by ISTANDWITHBUHAR: 8:34am On Mar 13, 2017 |
nextprince: I think it makes sense how about people that will take advantage of the opportunity? I based in Cotonou and know so many exchangers that have taken advantage of CBN to enriched themselves back then.. SO many of them have more than 20 cards each.. |
Re: Banks Seek Buyers As CBN Floods Market With Forex by martineverest(m): 8:36am On Mar 13, 2017 |
NaijaEfcc:if u have 5 billion in ur account and u keep buying dollars more than u increase the value of ur account in naira,dont u think it will get to a time when u dont have enoff naira to buy dollar? And also u are at risk of losing money especially when the dollar is depreciating against naira 1 Like |
Re: Banks Seek Buyers As CBN Floods Market With Forex by pat1612(m): 8:37am On Mar 13, 2017 |
Where is diamond bank i have my request pending from january 2015 ![]() ![]() |
Re: Banks Seek Buyers As CBN Floods Market With Forex by nextprince: 8:39am On Mar 13, 2017 |
ISTANDWITHBUHAR: The BVN Interlinks all your accounts and that brand of smartness can be properly taken care of. It is achievable. 2 Likes |
Re: Banks Seek Buyers As CBN Floods Market With Forex by einsteine(m): 8:41am On Mar 13, 2017 |
Lol. This is propaganda na. Go into a bank branch and request for dollars and watch them refer you to an aboki dealer. The dollars are taken up the minute it's released to the banks. This news is fake news designed to send speculators into panic. |
Re: Banks Seek Buyers As CBN Floods Market With Forex by Btruth: 8:45am On Mar 13, 2017 |
Still won't believe this. Because from the abokifx.com the dollar keep his strength. ![]() |
Re: Banks Seek Buyers As CBN Floods Market With Forex by Boss13: 8:50am On Mar 13, 2017 |
bessmanie: They want to use information to manage the rate. Did CBN release dollars last week? They should stop the lies |
Re: Banks Seek Buyers As CBN Floods Market With Forex by simpleseyi: 9:09am On Mar 13, 2017 |
Islie: Baba ... Oyoyo Buhari ... Oyoyo Osinbajo ......Oyoyo Niger Delta militants..... Oyoyo Niger Delta militants please forgive Buhari, he does not understand that criminals, sorry I mean good boys like you need to be pacified, pampered and spoilt 1 Like |
Re: Banks Seek Buyers As CBN Floods Market With Forex by internetgangste: 9:11am On Mar 13, 2017 |
Leopantro: thank you, i wish to state that Access bank sold Canadian dollar to me at N289 last week while the cost of same currency is N250 in the black market. i want to buy more but i think i am going with the black market this time. this is too bad, we are being ripped off by those who are supposed to care for us. collaboration of scam |
Re: Banks Seek Buyers As CBN Floods Market With Forex by ISTANDWITHBUHAR: 9:12am On Mar 13, 2017 |
nextprince: Yes think with the full implementation of the BVN we can work that out.. 1 Like |
Re: Banks Seek Buyers As CBN Floods Market With Forex by nextprince: 9:18am On Mar 13, 2017 |
Boss13: With statements like the emboldened, do we need experts' opinion on how the present generation is a waste? 2 Likes |
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