Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,193,156 members, 7,949,965 topics. Date: Monday, 16 September 2024 at 03:01 AM |
Nairaland Forum / Nairaland / General / Business / CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To (8998 Views)
Gezawa Commodity Market Kano: Nigeria's First Agro Commodity & Exchange Market / Naira Climbs To N360.55/$ As CBN Injects $210 Million / Naira Gains As CBN Injects $210m Into FX Market (2) (3) (4)
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by aolawale025: 7:44am On May 10, 2017 |
The cbn needs to wean the bdcs off dollar allocation. Any system that harbours allocation is prone to corruption and manipulation. BDCS should develop an independent dollar source (by selling naira to foreign based transfer outfits). Buying from tourists etc. By the way, I just hit a total of 100 "likes" this morning! |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by didymario7(m): 7:45am On May 10, 2017 |
I need this type of injection in my life please. Just $100K will do. What an injection that would be! |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by Emeskhalifa(m): 7:47am On May 10, 2017 |
CheezyCharles:are u serious think its tym I move to GH o no tym |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by israelmao(m): 7:47am On May 10, 2017 |
Injection Forex should be matched with homegrown technology and cash crops which could exported in that way value of naira can be sustained as we earn more dollars. |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by ybalogs(m): 7:52am On May 10, 2017 |
COPIED A young woman who was several months pregnant was sitting in a bus in London and she noticed a young man giggling at her. Feeling embarrassed on the account of her condition, she changed her seat and he seemed even more amused. She moved again and then seeing him laughing more, she called 999 and subsequently filed a court case against him. In court, the man's defence was, "When the lady boarded the bus, I couldn't help noticing she was pregnant. I giggled when she sat under an advertisement, which read 'Coming Soon - The unknown Born'. I was even more amused when she moved and sat under a shaving advertisement, which read 'William's Stick did the trick'. Then, I could not control myself any longer when on the third move, she sat under an advertisement that read, 'Dunlop Rubber would have prevented this accident'. The judge fell off his chair, laughing. Court!!! |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by chuksjuve(m): 7:56am On May 10, 2017 |
The CBN governor and the minister for Finance have been injecting the economy since inception with no results to show. I just hope this injection the CBN governor is about to give is potent enough... 1 Like |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by dallyemmy: 7:58am On May 10, 2017 |
WE NEED TO FIND OUT WHAT PEOPLE ARE USING THE FOREX FOR AND REPLICATE SAME HERE IN NIGERIA...IF NOT VERY SOON WE MIGHT RETURN BACK TO WHERE WE ARE COMING FROM... |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by mathew2oa(m): 8:01am On May 10, 2017 |
This country is so messed up, and I don't blame the politicians becos this contraception called 'Nijeriya' (in buhari's voice) is never meant to be one. The zombies can keep up denying it, bt the state of the country keeps proving them wrong. Even if pope Frances and prophet Muhammad(SAW) combined rule this 'lugard's company'(nigeria) it will never prosper. We are divided nationally in our heart, even buhari wil attest to that, but together in paper. Restructuring or succession is the only way out, but I go with the former. |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by LionDeLeo: 8:03am On May 10, 2017 |
mathew2oa: |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by Clone2020(m): 8:13am On May 10, 2017 |
If you are in the US or have relatives in the US trying to send money to naija, I will exchange the funds at 340/$, simply deposit into my US bank account and receive instant funding into your Nigerian account. Don't bother with western Union and co, they exchange at 355/$ with fees and the exchange rate drops to around 316/$... Hurry before it drops even further.. Contact in signature |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by ISTANDWITHBUHAR: 8:14am On May 10, 2017 |
eezeribe: and the brain in your has been thinking negatively that make you senseless.. |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by shevon: 8:45am On May 10, 2017 |
LionDeLeo:I was going to ask the same question. Even if it is to increase the limit to $500/month (which is still a far cry from what should be) it is better than the current $100. |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by LionDeLeo: 8:48am On May 10, 2017 |
shevon: Exactly. At least $500. At least nobody will go on the much talked about round tripping because of even $5k. |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by Nobody: 8:51am On May 10, 2017 |
eezeribe: IPOB has been dishing out ultimatum's like a dish washer... pun intended.. I am so funny. 1 Like |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by 2goodbobo(m): 8:58am On May 10, 2017 |
injection without cure. |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by piagetskinner(m): 9:02am On May 10, 2017 |
CBN and and nurses... I no no who dey inject pass |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by DONFASZY(m): 9:34am On May 10, 2017 |
Hw much is USD |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by javispj(m): 9:59am On May 10, 2017 |
That's nothing compared to the billions Of dollars hidden in graves, house's, pits etc, by corrupt politicians |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by papoose321: 10:44am On May 10, 2017 |
Na plant dem wan go plant for person house Cos we no de see m for d economy oo |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by juwoonn(m): 10:45am On May 10, 2017 |
daamazing:That's an economic terminology. we have leakages and injections |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by farouk0403(m): 11:23am On May 10, 2017 |
When will Naira overcome its sickness, our vaccines nearly finish for this injection. Now we have to administer the vaccine orally. |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by CellTabRepairs: 3:31pm On May 10, 2017 |
Silly policy. Doing the same thing all the time and expecting different results is insanity. Young people...take control of your personal economy. Need a job? Lost your job? Retired? Tired of working? Student? Are you looking for a source of daily income stream? Want to change business? In 3 Months you won't remain the same. Look no further! LEARN this specialty Today! Very lucrative venture for anyone. Low startup capital - high RETURNS! In high demand! Your main CAPITAL IS KNOWLEDGE & SKILL! Join the winners! Get " Mobile Phones and Tablets Repairs : A Complete Guide for Beginners and Professionals " from Amazon marketplaces, Barnes & Noble, eBay etc Check out signature and get it immediately |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by emi14: 6:53am On May 11, 2017 |
michaelfriday44:Our indeed. |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by Bukkyade: 10:47pm On May 13, 2017 |
The CBN is doing a very delicate job to get the economy out of the doldrums. It has to maintain the balance between stimulating economic growth and fending off inflation by applying policies that will keep the Dollar rise in check and encourage local production simultaneously. There are no hard and fast rules to get out of the current situation. The earlier we admit this simple fact, the better. When oil prices plunged, the economy contracted as expected. The CBN's response has stopped things from getting worse. Blaming the Bank for the recession and ignoring the clear evidence of recovery is similar to passengers in an aircraft whose pilot successfully landed the plane with no serious harm blaming the pilot for the turbulence and accusing him of not landing the plane more gently. With all the negative comments on this thread against the CBN, one can conclude that many Nigerians do not grasp the reality that things could have been worse without the CBN's intervention. |
Re: CBN Injects $388.66m Into Foreign Exchange Market As FCMB Increases Sales To by Mekusnwa: 11:38pm On May 13, 2017 |
Bukkyade: Thank you very much. I have been reading through this thread to gauge the level of awareness of just how serious the situation would have been without the CBN's intervention. It was good to finally read from a Nigeria who grasps the issue better than most. |
Audacious Entrepreneurs Unveiled As The Entrepreneur Africa Awards 2020 Holds / My Debit Card Is Retained In Atm Machine. / How China Creates Jobs, A Lesson For Nigeria
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 38 |