FOREX: CBN warns dealers against patronising black market traders – The Central Bank of Nigeria (CBN) has warned against the use of black markets for foreign currency exchange after a coronavirus-induced oil price crash caused dollar shortages for Africa’s biggest economy, in a video seen by Reuters.
Governor Godwin Emefiele warned domestic and foreign investors against patronising the unofficial market, saying it was helping to overheat that market.
The central bank was not immediately available for comment on the video.
The naira has hit a series of lows on the black market widening the gap with the official and over-the-counter spot markets, especially after dollar sales were suspended due to a coronavirus lockdown in April and a 15 per cent devaluation in March.
Dollar sales have since resumed following a phased easing of the lockdown but foreign investor currency demand is yet to be met, analysts say.
“Don’t go there it is not good for you,” Emefiele told investors on the call referring to the black market. The date on the computer screen is May 18 2020.
“You would lose money because you would have bought at a price that is not realistic,” he said.
Dollar demand has been swelling and piling up pressure on the naira. Importers with past due obligations have scrambled for hard currency while providers of foreign exchange, such as offshore investors, have exited.
The oil price crash has exacerbated a shortage of dollars for Nigeria, whose reserve has declined 21% to $35.5 billion over the last year.
In May, the bank weakened the naira on the derivative futures market, signalling more pain to come for the currency.
Emefiele in the video urged investors to be patient, saying that dollar demand would be met in an orderly manner.
Analysts estimate there is pent up demand between $1.5 billion and $1.8 billion from investors looking to exit Nigeria, whose economy is forecast to shrink by 3.4 per cent this year.
AUCTION AUCTION AUCTION
(07026536478) NIGERIA CUSTOM’s YEARLY AUCTION’s OF IMPOUNDED VEHICLES ARE NOW
FOR SALES,
APPROVED BY THE FEDERAL
GOVERNMENT AT A CHEAPER AND
AFFORDABLE PRICE,IF YOUR CHOICE OF CAR IS NOT LISTED BELOW, INTERESTED BUYERS
SHOULD CONTACT ME ON
(07026536478) FOR PURCHASE AND INQUIRY.!!!PLEASE NOTE!!!
THE NIGERIA CUSTOM ”REPLACEMENT AND RECRUITMENT” FORM IS OUT FOR REGISTRATION!!!
BAGS OF RICE =N10,000
KEG OF OIL=N7,500
CAR FEATURES AND PRICES BELOW
GOLF 1, 2, 3,4 ,5.=N150,000 to=N 500,000
Toyota Camry Big Daddy=N650,000.
Toyota Camry Tiny-Light=N450,000.
Toyota Avensis=N550,000.
Toyota Hilux=N1M
Toyota Avensis=N650,000.
Toyota Camry Muscle=N 600,000. & Spider=N600,000.
Toyota Avalon=N550,000
Toyota Rav4 SUV=N800,000.
Toyota Sienna=N850,000.
Toyota 4Runner=N850,000.
Toyota Tundra=N1.5M
Toyota picnic=N450,000.
Toyota Highlander=N1M.
Toyota Corolla=N550,000.
Toyota Prado=N2M
Toyota LandCruisser=N2.8M.
Toyota Yaris=N500.000.
Toyota Matrix=N450,000.
Toyota Haice Bus=N950,000
Acura MDX =N900,000.
Acura ZDX=N970,000
Honda Pilot=N800,000.
Honda Baby Boy=N650,000.
Honda End of Discusson(EOD)=N550,000.
Honda Odyssey=N800,000.
Honda Accord=N550,000.
Honda CRV=N600,000.
Honda Civic=N500,000.
Infinity Fx35=N1.7m.
Infinity Fx45=N1.2m.
Infinity Qx4=600,000.
Nissan Murano=N700,000.
Nissan Pathinder=N500,000.
Nissan Altima=N500,000.
Nissan Maxima=N450,000.
Nissan Xterra=N600,000.
Nissan Quest=450,000.
Nissan Amanda=N550,000
Lexus Rx330=N750,000.
Lexus Gx460=N1m.
Lesus Rx300= N650,000
Lexus Rx320=N680,000
Lexus Lx650=N500,000.
LexusRx350=N1.2M
LexusGx470=N850,000.
Ford Escape=N700,000.
Ford Explorer=N8500,000.
Land Rover Discovery=N1.9m.
Land Rover Freelander=N1.3
TRUCKS LIKE , VOLVO, MAN AND MERCEDES ARE ALSO AVAILABLE.!!!
, All
VEHICLES ARE IN GOOD
CONDITION, INSTALLMENTAL PAYMENT IS
ALLOWED
WE OFFER DELIVERY TO ALL
36 STATES IN NIGERIA. CONTACT ME ON (07026536478) TO PLACE AN ORDER NOW.
LAVITA RICCA INTERNATIONAL INVESTMENT*
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♦️♦️♦️♦️♦️♦️♦️
*NO MORE EXCUSES*
1. I don’t have money
2. I can’t talk to people
3. I don’t do stuff like this
4. I’m too Busy
Your excuses may be legit but they won’t improve your Life.
• *Lavita Ricca Investment is Fully Registered with with FGN. with RC NO 1582489( For those Who Think Lavita Ricca is Not Registered)* *Contact Administrator Management Mrs. ELIZABETH TINA On *(09036369810)
*Lavita Ricca Investment is a platform network that deal with investing of money just within 45 minutes you will get back your money double*
?phone=+2349036369810
*Lavita Ricca PACKAGE’S*
*N20,000====N40,000*
*N40,000====N80,000*
*N50,000====N100,000*
*N100,000====N200,000*
*N200,000 ====N400,000*
*N400,000====N800,000*💯
*======== = = ========*
*I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the MMM. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*
*Are u a worker?*
 *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*
 *Are u jobless and u need where u can make source of income?*
 *Lavita Ricca Investment is here for you! With a little amount u can earn and make more more source of income without any problems*
 *Lavita Ricca Investment is a platform network that deal with investing of money just within 45mins you will get back your money double*
*Thank you for your time you can click on the link below to get started, please only serious minded people are expected to message the administrator.🙏
AUCTION AUCTION AUCTION
(07026536478) NIGERIA CUSTOM’s YEARLY AUCTION’s OF IMPOUNDED VEHICLES ARE NOW
FOR SALES,
APPROVED BY THE FEDERAL
GOVERNMENT AT A CHEAPER AND
AFFORDABLE PRICE,IF YOUR CHOICE OF CAR IS NOT LISTED BELOW, INTERESTED BUYERS
SHOULD CONTACT ME ON
(07026536478) FOR PURCHASE AND INQUIRY.!!!PLEASE NOTE!!!
THE NIGERIA CUSTOM ”REPLACEMENT AND RECRUITMENT” FORM IS OUT FOR REGISTRATION!!!
BAGS OF RICE =N10,000
KEG OF OIL=N7,500
CAR FEATURES AND PRICES BELOW
GOLF 1, 2, 3,4 ,5.=N150,000 to=N 500,000
Toyota Camry Big Daddy=N650,000.
Toyota Camry Tiny-Light=N450,000.
Toyota Avensis=N550,000.
Toyota Hilux=N1M
Toyota Avensis=N650,000.
Toyota Camry Muscle=N 600,000. & Spider=N600,000.
Toyota Avalon=N550,000
Toyota Rav4 SUV=N800,000.
Toyota Sienna=N850,000.
Toyota 4Runner=N850,000.
Toyota Tundra=N1.5M
Toyota picnic=N450,000.
Toyota Highlander=N1M.
Toyota Corolla=N550,000.
Toyota Prado=N2M
Toyota LandCruisser=N2.8M.
Toyota Yaris=N500.000.
Toyota Matrix=N450,000.
Toyota Haice Bus=N950,000
Acura MDX =N900,000.
Acura ZDX=N970,000
Acura TL=N850,000.
Honda Pilot=N800,000.
Honda Baby Boy=N650,000.
Honda End of Discusson(EOD)=N550,000.
Honda Odyssey=N800,000.
Honda Accord=N550,000.
Honda CRV=N600,000.
Honda Civic=N500,000.
Infinity Fx35=N1.7m.
Infinity Fx45=N1.2m.
Infinity Qx4=600,000.
Nissan Murano=N700,000.
Nissan Pathinder=N500,000.
Nissan Altima=N500,000.
Nissan Maxima=N450,000.
Nissan Xterra=N600,000.
Nissan Quest=450,000.
Nissan Amanda=N550,000
Lexus Rx330=N750,000.
Lexus Gx460=N1m.
Lesus Rx300= N650,000
Lexus Rx320=N680,000
Lexus Lx650=N500,000.
LexusRx350=N1.2M
LexusGx470=N850,000.
Ford Escape=N700,000.
Ford Explorer=N8500,000.
Land Rover Discovery=N1.9m.
Land Rover Freelander=N1.3
TRUCKS LIKE , VOLVO, MAN AND MERCEDES ARE ALSO AVAILABLE.!!!
, All
VEHICLES ARE IN GOOD
CONDITION, INSTALLMENTAL PAYMENT IS
ALLOWED
WE OFFER DELIVERY TO ALL
36 STATES IN NIGERIA. CONTACT ME ON (07026536478) TO PLACE AN ORDER NOW.
Tnx:credit
Acct:304XXXX489
Amt:NGN 100,000.00
Desc:TRANSFER FROM LAVITA RICCA INVESTMENT TO / JENNY FELLY
DT:28-05-2020 03:16am
Bal:NGN 150,000.79
REF:4501396355
Bless God o
i was credited this morning by Lavita Ricca investment ,i invested 50k and i was paid 100k ,please everyone join this celebrate this platform it is real and 100% legit ,help me to give Almighty God the glory and honour for this wonderful financial help platform,,Indeed am a good beneficiary of this platform ,. Please be part of it because this is real and working well,Also thank to my friend Mrs Rabacca introduce me to this platform I’m greatfull,and thanks to Lavita Ricca investment .This is not something you will say let you think about it, This is a life time opportunity why not flip and get paid back now,no scam 100% legitimate and trusted also guaranteed. Pls if you are interested to earn more extra cash in just 45; Minutes. please inbox the Admin ON:- 09036369810📞
LAVITA RICCA INTERNATIONAL INVESTMENT*
♦️♦️♦️♦️♦️♦️♦️
♦️♦️♦️♦️♦️♦️♦️
*NO MORE EXCUSES*
1. I don’t have money
2. I can’t talk to people
3. I don’t do stuff like this
4. I’m too Busy
Your excuses may be legit but they won’t improve your Life.
• *Lavita Ricca Investment is Fully Registered with with FGN. with RC NO 1582489( For those Who Think Lavita Ricca is Not Registered)* *Contact Administrator Management Mrs. ELIZABETH TINA On *(09036369810)
*Lavita Ricca Investment is a platform network that deal with investing of money just within 45 minutes you will get back your money double*
?phone=+2349036369810
*Lavita Ricca PACKAGE’S*
*N20,000====N40,000*
*N40,000====N80,000*
*N50,000====N100,000*
*N100,000====N200,000*
*N200,000 ====N400,000*
*N400,000====N800,000*
*======== = = ========*
*I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the MMM. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*
*Are u a worker?*
 *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*
 *Are u jobless and u need where u can make source of income?*
 *Lavita Ricca Investment is here for you! With a little amount u can earn and make more more source of income without any problems*
 *Lavita Ricca Investment is a platform network that deal with investing of money just within 45mins you will get back your money double*
*Thank you for your time you can click on the link below to get started, please only serious minded people are expected to message the administrator.🙏…
GOOD DAY SIR/MA
HAVE YOU HELD ABOUT LAVITA TRUST INVESTMENT…?
LAVITA TRUST INVESTMENT is a matrix system which give you DOUBLE of your CAPITAL back in ( 45 Minutes ) after Registrations
LAVITA PACKAGES
N20,000——N40,000
N40,000——N80,000
N50,000——N100,000
N100,000—–N200,000
N150,000—–N350,000
N300,000—–N600,000
N200,000—–N400,000
N400,000—–N800,000
N500,000—–N1,000,000
NOTE: we credit your account after 45mins of Your Registeration
INTRODUCTION
LAVITA TRUST Investment is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
09068834101
ITS SIMPLE HERE!!!!!!!
We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 100k within 25mins we make profit of 300k then send 200k to you then profit 100k This is not mmm where they merge people to donate for each other
You pay directly to us and we credit you directly
Contact Mrs. FUMI BLESSING
09068834101
NOTE:- YOU GET CREDITED BACK IN LESS THAN 45 MINUTES.
CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING
NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem.
WELCOME YOU TO NAIJA GET HELP GRANT INVESTMENT….
ARE YOU A CIVIL SERVANT, STUDENTS, BUSINESS MEN/WOMEN JOIN TODAY AND DOUBLE YOUR INCOME FOR THE FUTURE, NAIJA GET HELP IS VERY REAL AND PAYING.*
AVAILABLE PACKAGES ARE:
*PAY 10K TO GET 20K*
*PAY 15K TO GET 30K*
*PAY 20K TO GET 40K*
*PAY 30K TO GET 60K*
*PAY 40K TO GET 80K*
*PAY 50K TO GET 100K*
☝☝☝☝☝
*PAY 60K TO GET 120K*
*PAY 70K TO GET 140K*
*PAY 80K TO GET 160K*
*PAY 90K TO GET 180K*
*PAY 100K TO GET 200K*
☝☝☝☝☝
THIS IS WHERE YOU CAN SMILE AND EARN, MORE.
QUESTION : IS IT PAYING
ANSWER: *YES*
*ITS WORKING! PEOPLE ARE GETTING PAID EVERY DAY! DON’T MISS THIS GOLDEN OPPORTUNITY!
*TAKE THE RISK AND WIN BIG*
FOR REGISTRATION, PLEDGING AND MORE INFORMATION….
INTERESTED PERSON SHOULD CALL MR JAMES ON:- 07026536478 FOR MORE INFORMATION ON HOW TO JOIN.
*HOST OF HEAVEN BEARS ME WITNESS…..
*A TRAIL WILL CONVINCE YOU BETTER TO YOUR WAY OF WEALTH DIRECTLY*
?*
**THANK ME LATER**
Good morning my people,I am very very happy that I invest in this platform called LAVITA RICCA INVESTMENT INVESTMENT PLATFORM,I was also referred to the platform by a friend I don’t even know about he explained it to me and I just gave it a trial of 30,000 ,and I was credited 60,000 within 45 minutes.
I want everyone to join the platform and also benefit from it.
CONTACT THE ADMIN FOR REGISTERATION ON:- 09036369810
*GOOD DAY MA/SIR*
Have you had about *LAVITA RICCA INVESTMENT* ? am not talking about MMM or Ponzi SCHEME
lavita is a matrix system which give you DOUBLE of your CAPITAL back in (45 min) after registration….
CONTACT:- 09036369810.
LAVITA PACKAGES
₦10,000——–₦20,000❌❌❌
₦20,000——–₦40,000
₦40,000——–₦80,000
₦50,000——–₦100,000
₦100,000——₦200,000
₦200,000——₦400,000
₦400,000——₦800,000
₦800,000——₦1,600,000
₦1,000,000—₦2,000,000
NOTE: we credit your account after 45min after registeration.
INTRODUCTION
Lavita Ricca International is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Mr. Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
CONTACT NAME:- ELIZABETH TINA
HOT LINE:+2349036369810
ITS SIMPLE HERE !!!!!!!
We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 20k within 45mins we make profit of 60k then send 40k to you then profit 20k. This is not mmm where they merge people to donate for each other
You pay directly to us and we credit you directly.
+2349036369810
Note:you get credited in less than 45mins.
CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING
NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem. 🙏….
without the black market dealers the exchange rate may even rise more.
LAVITA RICCA TRUST FUNDS!!!
Call + 2349036369810
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AND ABOVE.
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Question: is referrals needed??
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Question : is it paying
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Question: how long does it take to get paid ??
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