LegendHero:
Lol

Lagos, Abuja, & Kano don drown every state.

Your smelling brain didn't also tell you that lagos alone has drowned every other states and FTC put together.

Jogs1900:
These is the reform we are talking about.
God bless Nigeria


The unregistered ones are touts and can be prosecuted.We don't want currency traders in our streets again.

Many unregistered exchangers also have offices and boys that trade for them too. The registered BDCs don't even stay within. They rely on other unregistered big shots to circulate tand trade the currencies.

123yes:
This is the official ones. Unregistered ones subpass these official ones

Those are black markets

spiSeyi:
Aboki boys full everywhere with millions of hard currency , yet some people with 2x2 shop will claim that they are the only biz tycoon in Nigeria who developed Lagos .
When it comes to business ventures the Northern guys are the king,yet they don't make noise and chest beat even when then can afford to by all the 2x2 shops and their owners.

Please shut up, the people your are talking trash about are the only people that will turn billionaires in an open market without govt interference.

Remove the government monopoly from dangote and BDCs and watch how those people you love to hate would take over like they were the ones incharge since the existence of this shit hole.

Fear those people , nobody would be able to stand if they where ment to go through what they have gone through and still going through .

Even the northaners you love eating their asses knows they are not up to what it takes.

Ekiti state no get. Why?

JaySterling:
That means all those Aboki wey dey stand for road for Akerele/Shitta, Sabo in Yaba, Ikeja are unlicensed or middlemen for the main CBN approved BDC?

The approved CBN BDC na still Aboki

osun, ekiti, ondo no get BDC

Nazgul:
Does this mean that banks would start giving out dollar to customers, cos I noticed that they stopped and started giving out the naira equivalent of whatever amount of dollars you want to withdraw.

If the BDCs have been given the green light by CBN to resume operations, hope we'll be able to get dollar from the bank.

Do you mean banks have forcefully converted dorm account holdings to naira or do you mean inflow like western union and the rest?

This is a good move. I just hope it will be well regulated.

spiSeyi:
Aboki boys full everywhere with millions of hard currency , yet some people with 2x2 shop will claim that they are the only biz tycoon in Nigeria who developed Lagos .
When it comes to business ventures the Northern guys are the king,yet they don't make noise and chest beat even when then can afford to by all the 2x2 shops and their owners.

Stop saying that bro, Hausas are nowhere near Igbos and Yorubas in business, take excessive government favouritism off Dangote and other rich northerners, they won't be anywhere near the southern guys. You people should stop all this northern shit abeg, it's stale. When you mention the richest people in the world we know their businesses, mention the richest northerners and tell me their businesses if not that they own more than 70% of the oil wells in the Niger Delta.
Abeg free Igbos, free Yorubas and concentrate on your northern agenda.
Mark my words: If Tinubu wins in 2027, he will demystify the northern grip on Nigeria's oil, he's still trading softly just to pacify them a bit. They are angry with many of his policies and the relocation of some parastatals, and even more angry with the recent implementation of the Orosanye report because it won't favour them (that's why Jonathan and Tinubu dumped the report). They're the ones heading and working in all those anonymous parastatals that will be scrapped.
Igbos own the importation, shop and warehouse business in Nigeria
Yorubas own the financial and stock exchange
Hausa's what's their major business? Apart from Dangote that monopolies every business of his interest through govt help.
China is great today because of the small 2x2 industries they have scattered here and there, not by one person amassing the wealth and riches of everybody!

swagifted:
The whole of bayelsa state only one
.

Osun, Ondo and Ekiti are not there

No single BDC in Ekiti?

richiemcgold:
Ondo is not on the list. Are there no BDC in Ondo State?
What about those abokis standing under Akure bridge and around the post office area? Are they not BDC too?

na d owners of those dollars send those ones to take the market closer to the people in ondo and those states missing on the list

Jogs1900:
These is the reform we are talking about.
God bless Nigeria


The unregistered ones are touts and can be prosecuted.We don't want currency traders in our streets again.

Those ones you called tout, usually give us better rate

123yes:
This is the official ones. Unregistered ones subpass these official ones

No wonder, Onwubuasi too have so many in anambra

AntiWailer:


No be street traders EFCC go raid wey Una twitter president dey say na BDC ?

Did CBN license anybody to stay on the road side and be trading money ?

By the time all the politicians finish deceiving every one , we will be alright.

Thank u jare. I wonder what people are applauding in
this news.

It means some states don’t even have any.
Lagos is a country on its own.

Jogs1900:

They are unlicenced BDC.They are middlemen.If you trade currency on the street now, you can be charged for money laundering.Now the CBN don't want middlemen to trade dollars again.If you go to Yaba or Shitta now, im sure you will not see them on the street.

Yinmu!
Let this government keep deceiving u. They see d obviously wrong things to correct to alleviate d people's suffering, yet they keep chasing shadows just to prove dt they're doing well. Weren't these so-called BDC's around when d Naira was quite fair against other currencies?

Bunch of insincere folks wey never ready!

Dem no get dollars for Ekiti, ondo, osun

So, there is non in Osun state. What about those ones in Sabo for Osogbo and Ile Ife.
Ilesha nko?

onuman:


BDC normally deals on small amounts of cash exchange

Currency traders on the streets should have been totally abolished.
In Nigeria, Currency trade is mistaken for BDC.
That's what makes Nigeria's street to fix the value of the Naira against the Dollar and other currencies.
Trade of currency on the street is a most primitive act

Now, anybody they see on the street selling or buying dollars would be arrested and prosecuted.

Don't let us forget that it's easier for these so called unregistered BDC to finance terrorism.
Every transaction by the registered BDC will be documented.Any politician wey use stolen go buy dollar will have his records taken.

sirgalahad26:

What exactly do you need the dollar for when the bank has given you the naira equivalent?

Banks use the official market to give customers naira equivalent. But BDCs use back (parallel) market.

And as you know, black market figures are always higher than that of the official market that's why people prefer BDCs rate to bank rate.

Jews are the most business savvy and wealthiest class of people on earth. Is Elon Musk Jewish? What of Bezz Jezos, is He Jewish too ?
Movie producers own the script but are unknown, while the actors are employed by the unknown movie producers but are very known. Think about this

spiSeyi:

!gbos don't even make top 5 of wealthiest of Southern Nigerians not to talk of the whole country. !gbos are mostly noise makers who are too full of themselves

We all can see that 52% of BDC operators are in Lagos and if CBN Gov move the department that's overseeing BDC operators to Lagos now Ndume will be making noise.

LandMann:

Do you mean banks have forcefully converted dorm account holdings to naira or do you mean inflow like western union and the rest?

Dom account holders weren't affected. The only problem is that you cannot withdraw dollar from the account. Whatever amount you want to withdraw would be given to you in naira.

As for WU, if you receive an inflow from Western Union, your money would be paid directly to your account in naira. The bank wouldn't give you the expected amount in dollar.

@Fergie001, can you create a thread on how to get bdc licence? Thanks in advance

Jogs1900:
These is the reform we are talking about.
God bless Nigeria


The unregistered ones are touts and can be prosecuted.We don't want currency traders in our streets again.

Obi is supporting hawkers of dollars. He said government shouldn't arrest them. You don't need anyone to tell you that Obi is a stupid man. Very stupid man who doesn't know when politics end and when governance begins. Unfortunately, his gullible worshippers were backing him except few ones that disagree with him.

Tinubu is ready to keep those Licensed BDCs but those Agbero dollars standing on the road would be arrested and prosecuted.

abobote:

Those ones you called tout, usually give us better rate

They give you better rates while your Naira is sinking.

Ykc2:
other state needs to upgrade bla bla ask other state to take their oil and gas build infrastructures by them selves you will other understand that lagos is not better than ondo you guys should stop pretending like you don't know what moving lagos

What is states like Bayelsa and Delta state doing with their 13%?

spiSeyi:
Aboki boys full everywhere with millions of hard currency , yet some people with 2x2 shop will claim that they are the only biz tycoon in Nigeria who developed Lagos .
When it comes to business ventures the Northern guys are the king,yet they don't make noise and chest beat even when then can afford to by all the 2x2 shops and their owners.

Mumu, you are not ashamed that 3 states in your region (Ondo, osun, and ekitit) don't have even one. It shows that most states of south west are dead economically while Oyo and Ogun are on life support. What will BDC operators go and do in dead states with zero economic activity . Only Lagos is viable due to large concentration of other ethnic groups including igbos who are the highest patronizers of the BDCs due to their import nature.
This report revealed a lot about south western states . Only Lagos is viable -. fact

richiemcgold:
Ondo is not on the list. Are there no BDC in Ondo State?
What about those abokis standing under Akure bridge and around the post office area? Are they not BDC too?

They don't have license to trade in Forex.