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Nairaland Forum / Nairaland / General / Business / Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 (58241 Views)
Naira Unification: Forex Inflow Rises By 28% To $1.41bn / Naira Now Undervalued After Float, Bank Of America Says / Its Now =N=380 to $1 CBN (2) (3) (4)
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Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by panafrican(m): 2:19am On Mar 21, 2020 |
https://www.bloomberg.com/news/articles/2020-03-20/nigerian-central-bank-starts-uniform-exchange-rate-for-naira 10 Likes 1 Share
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Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by CanadaOrBust: 2:29am On Mar 21, 2020 |
This makes sense. Nigeria should adopt a uniform exchange rate that eliminates black market and round-tripping and the rampant corruption that goes with them! ** I dedicate this FTC to our FG for keeping our borders open despite heartfelt pleadings from Nigerians to close them and also for refusing to institute any automatic quarantine of people from hot zones. Otherwise we won’t have any corona by now, something that all better countries have. Thanks to them now we can proudly close our schools and churches and sports like US and UK are doing! All thanks to our wonderful FG! GOD BLESS NIGERIA! 83 Likes 5 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by bkool7(m): 2:41am On Mar 21, 2020 |
Financial experts- over to you 7 Likes 1 Share |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by Kingspin(m): 2:49am On Mar 21, 2020 |
Mad people na now daybreak? Multiple FX trade is cooperative nepotism and wickedness, not just monopoly. 104 Likes 5 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by Xisnin(m): 2:50am On Mar 21, 2020 |
The dollar is about to go up against the Naira. 62 Likes 3 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by grandstar(m): 3:50am On Mar 21, 2020 |
This is a fantastic development and sound economics has been allowed to carry the day. I suspect the severity of the economic crisis presently before the country may have forced the government's hand. 24 Likes 3 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by ehbellsho(m): 3:56am On Mar 21, 2020 |
I am trying to understand but still can't/don't get it.
pls, anyone with the summary package? 24 Likes 1 Share |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by akanbiaa(m): 4:13am On Mar 21, 2020 |
Good 1 Like 1 Share |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by Lovelies1: 4:15am On Mar 21, 2020 |
The person above me I thought yours was the news only for me to read again your essay wasn't anywhere close to the topic BTW check my signature 5 Likes |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by BlackPantherCri: 4:15am On Mar 21, 2020 |
In order words, Naira will be allowed to free fall against the dollar. N400 to $1 loading 49 Likes 2 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by MANNABBQGRILLS: 4:16am On Mar 21, 2020 |
Hopefully the transition to a more simple, flexible rate is the first step in unpicking the trade-destroying policies that have held back growth in recent years,” Ashbourne said.Anything that will move our darling nation forward at this perilous period and much after is what we are after. This too shall pass. ehbellsho: Hope the below helps? imiski: This is even more explanatory. This belongs to Frontpage. Thanks Agbari1 agbari1: 31 Likes 6 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by Flexherbal(m): 4:17am On Mar 21, 2020 |
If that system is working with other currency, in other country, we can give it a try! |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by Nobody: 4:18am On Mar 21, 2020 |
CanadaOrBust:Means devaluation of the Naira 39 Likes 5 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by SweetCunt97(f): 4:19am On Mar 21, 2020 |
Una no dey sleep? 3 Likes |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by castrokins(m): 4:21am On Mar 21, 2020 |
Okay |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by JBoy9(m): 4:21am On Mar 21, 2020 |
ehbellsho: It simply means one size fits all and as usual, it comes with its pros & cons. 8 Likes 1 Share |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by Jabioro: 4:21am On Mar 21, 2020 |
Better!!! We all attended the same market while the connected business cabal buy at government or special low rate and public are made to pay for what she doesn't bought.Now you pay for what you buy and what you requested for..the FX will maintain general lane No BRT 52 Likes 1 Share |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by Kreamie(m): 4:22am On Mar 21, 2020 |
Lord |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by globalresource: 4:23am On Mar 21, 2020 |
Is this not devaluation? Why using confusing language for Nigerians? CBN governor recently said he will not devaluate but behold the APC vir×s don catch am. We are facing the economic realities. I dont see bubu team able to revive this economy. Buhari needs to bring more technocrat on board. But sorry he doesn't care much about the economy 62 Likes 5 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by DaudaTheSexyGuy(m): 4:24am On Mar 21, 2020 |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by Donkonyon: 4:24am On Mar 21, 2020 |
All this thing na grammar, it simply means that the naira have officially been devalued by the central bank of Nigeria. 76 Likes 6 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by Lifestone(m): 4:24am On Mar 21, 2020 |
We were promised exchange rate of $1.00/N1.00 This is scam! 90 Likes 4 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by Kobicove(m): 4:24am On Mar 21, 2020 |
I though the CBN continuously denied any plans to devalue the Naira 22 Likes 2 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by MarianaTrench: 4:26am On Mar 21, 2020 |
Lifestone: You were duped by the APC! 81 Likes 2 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by BareFacedLies(m): 4:27am On Mar 21, 2020 |
Haba! |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by CanadaOrBust: 4:27am On Mar 21, 2020 |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by abbaapple: 4:30am On Mar 21, 2020 |
post=87624249: Welcome back from the Banned! Seems 30k alert is still dropping, by this time you no sleep still defending your Darling Everything 47 Likes 1 Share
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Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by candidbabe(f): 4:32am On Mar 21, 2020 |
This is a step in the right direction 4 Likes 1 Share |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by Wettoid123: 4:32am On Mar 21, 2020 |
Which way naija, |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by mushystuff: 4:32am On Mar 21, 2020 |
Reality has started setting in. Unfortunately this is coming after the selfish APC govt thieves have amassed obscene wealth at those discriminatory CBN rates! 19 Likes 2 Shares |
Re: Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 by Kendumazy(m): 4:32am On Mar 21, 2020 |
OK naww |
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