Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,459 members, 7,819,671 topics. Date: Monday, 06 May 2024 at 08:34 PM

We Buy Dollars From Government Officials — Bdcs - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / We Buy Dollars From Government Officials — Bdcs (23708 Views)

FOREX Users Dump BDCs As Naira/dollar Rates Converge / CBN Introduces New FX Rate For Bdcs / Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: We Buy Dollars From Government Officials — Bdcs by Firefire(m): 5:28am On Aug 30, 2016
anonimi:


Even Aisha Halliburton is not left out in this massive forex round-tripping corruption just as it was under Abacha.
No wonder DullardPoo said Abacha did not steal our money. Birds of a feather flock together, certainly & surely.




www.nairaland.com/attachments/2561955_madam_jpeg15b745b8c7ed5d6f4fc33db5b762e715



www.nairaland.com/attachments/2151923_10959780101527066886056781674305683697845804n_jpeg88571234fc99d5765ef94ba8883de888





It is well... embarassed

7 Likes

Re: We Buy Dollars From Government Officials — Bdcs by 989900: 5:29am On Aug 30, 2016
I've always maintained it is all about hoarding and racketeering -- everyone is doing it!!!

We import less fuel now, less rice, and other stuffs, even with oil @ $46-$50 though with less production from us, but with foreign remittances, total inflow (roughly $4b/month on the average) is still greater than outflow (roughly $2b/month) -- but, where are the dollars?!

The dollar shouldn't be trading at more than N220-N250 at the most, if you eliminate hoarding, round tripping, profiteering, and general racketeering.

The CBN either by fault or design or both, is always couple of steps behind thought-wise.

If all these is happening under Emefiele and Buhari, then they both are not fit to be governor, nor president respectively.

Actually, that'd imply they both are both curses and causes to the failed Naira, and system as a whole.

The simple interpretation is, no matter what gains we make economically, it will all be nulled/eroded by the complicity/complacency/ineptitude/cluelessness/greed/favouritism/wickedness of these 2 principal actors.

10 Likes 3 Shares

Re: We Buy Dollars From Government Officials — Bdcs by Nobody: 5:42am On Aug 30, 2016
Buhari's ignorance, insularity and extreme bigotry will surely ground Nigeria if things continue this way. . . .

3 Likes

Re: We Buy Dollars From Government Officials — Bdcs by Jacko1(m): 5:46am On Aug 30, 2016
See the folly
You buy dollar at old rate of 170
Every other person gets 406
U sell make differential
Does ur differential make sense in hyperinflation economy
Instead of seeking ways to improve naira u lining pockets
If a whole dangote can fall in Forbes Rankin due to uncertainty of naira.... who in Nigeria has not been hit by this naira is


We lack sense in dis Nigeria
You r neva rich wen ppl arund u r suffering
Peace of mind n true riches come only from equity
One day maitama asokoro bourdillion wil cease to be a fortress against ravaging hungry ppl

5 Likes

Re: We Buy Dollars From Government Officials — Bdcs by arabbunkum: 5:50am On Aug 30, 2016
Corrupt, inept government.

2 Likes

Re: We Buy Dollars From Government Officials — Bdcs by Oche211(m): 5:53am On Aug 30, 2016
And we expect to grow as a country without a good value system.
Our greatest problem as a nation are those who call themselves our leaders, our elites.
They re just bunch of greedy, hardless men nd women

2 Likes

Re: We Buy Dollars From Government Officials — Bdcs by Livefreeordieha(m): 5:55am On Aug 30, 2016
and if he is the system international (SI)Dont u think that this aforementioned unit is inversely proportional to the new era cabinet?cuz from a sincere point of view without trying to saint up as it were ,with the current pandemonium in the economy it will only be fair to do some dirty deals to make all ends meet as ur 100k salary can no longer cater for ur immediate needs is like earning 10k now..i blame the upcoming corruption now on demand pull inflation ,using that as a metaphor..if the economy is stable there will be few new sons of corruption..but the way it is now u either try to indulge/engage or die of starvation.
BiafraBushBoy:
Buhari is just the S.I unit of corruption.

IT MEANS THAT

Goodluck was So Buhari cheesy

1 Like 1 Share

Re: We Buy Dollars From Government Officials — Bdcs by Nobody: 6:10am On Aug 30, 2016
hmmm

3 Likes

Re: We Buy Dollars From Government Officials — Bdcs by dyn1800: 6:15am On Aug 30, 2016
You nailed it ...... Some of us are just deliberately wicked.

Brunel:

deliberate hoarding of foreign currencies
making it the worst performing currency globally
somebody please tell me what treason means again?

What some people don't realise is that no one can ever make our country great but ourselves.
In our own little ways we should shun corruption. don't give, don't take.
I will deny myself ill gotten wealth because I know it is the right way to live. My aim is not to be the richest man but to show to people that there are honest means to make it.

2 Likes

Re: We Buy Dollars From Government Officials — Bdcs by crypta007(m): 6:17am On Aug 30, 2016
Issorait[i][/i]
Re: We Buy Dollars From Government Officials — Bdcs by Nobody: 6:27am On Aug 30, 2016
Lifestone:
The gap between the official rate and the black market rate of over N100/$ is an incentive for economic fraud of round tripping.
We must seek for ways to improve on the dollar supply side by urgently restoring crude exports to the pre-NDA (short run) and return domestic production to a very healthy status. The foundation to earn fx from other segments of the GDP than crude oil should be laid otherwise this bubbles and burst cycle will continue. We must control our consumption of foreign goods and services otherwise we will eat up our stock of FX on the importation of consumables, kill our industries and jobs for our youth.
I am not a fan of PMB but an avid believer in PROJECT NIGERIA
hmmm

2 Likes

Re: We Buy Dollars From Government Officials — Bdcs by Nobody: 6:29am On Aug 30, 2016
all the people that were shouting "the new sheriff will flush out corruption", I hope the corruption fight is putting food on your table o

2 Likes

Re: We Buy Dollars From Government Officials — Bdcs by GOFRONT(m): 6:31am On Aug 30, 2016
That's why there z hunger in d land

2 Likes

Re: We Buy Dollars From Government Officials — Bdcs by tk4rd: 6:37am On Aug 30, 2016
youngalex:
Seriously,The rate Naira is crashing calls for Urgent action cos at this rate it will surely get to #1000 by december
WAHALA DEY
When IFEANYI UBAH said that the cause of Forex Scarcity was Forex Hoarding,, people thought he was joking.. Now, BDC just started confessing.

6 Likes

Re: We Buy Dollars From Government Officials — Bdcs by Realist2: 6:58am On Aug 30, 2016
namelesss:
the biggest thing that annoys me the most is the fact that the presidency will not in any circumstance try to explain to the Nigerian people whats happening and what is being done to tackle the degrading situation of Naira... they are playing with us like a game of monopoly, as long as they can get their hands on cheap USD every other person should GTH...


My brother , this where i missed Ngozi Okonji Iwela, the woman was always explaining the situation to Nigerians and give us hope, but never in this administration. Go to Aso Rock Villa, Housa Language has become official language, Buhari ra'nka dede cronies have hijacked the forex and the system, buhari,s chief of staff Abba Kyari has become so powerful that....
The country is so divided along religion, ethnical line, if you,re from other region apart from north , and you don't understand housa sorry for you.

4 Likes

Re: We Buy Dollars From Government Officials — Bdcs by mengho(m): 6:58am On Aug 30, 2016
iam perfectly aware am not a very good person, am not a saint either but am pretty sure I will never cheat people like this, it's one of my principles, afterall money is just paper & u go die leave am at any second. so why not help everybody enjoy it like you do, instead of hoarding it?

EFFC over to you, fresh meat don arrive

1 Like

Re: We Buy Dollars From Government Officials — Bdcs by Uncletony(m): 7:00am On Aug 30, 2016
Keneking:
Ok

"Unfortunately, the national currency has continued to receive intense battering and fell to N406/$ (N415/$) few days ago at the black (parallel) market."

Recent reports said the naira has shed almost 40% against the dollar in almost a year, making it the worst performing currency globally. embarassed

Useless APC government economic policies, hopeless situation cry

"...due to activities of highly placed government officials (APC) , top politicians (APC & PDP) and Central Bank of Nigeria’s (CBN) staff (Emefiele and APC staffers). Useless government embarassed
Why not blame jonathan!. Instead of blaming PDP andAPC ...some people are allergic to the truth even at point of death. I will start #impeachbuhari campaign on social media tomorrow at exactly 2pm

2 Likes

Re: We Buy Dollars From Government Officials — Bdcs by Nobody: 7:10am On Aug 30, 2016
lol... even Zimbabwe dollar (ZWD) dey rub shoulders with naira. na wao

1 Like

Re: We Buy Dollars From Government Officials — Bdcs by amerlino(m): 7:18am On Aug 30, 2016
1cup of rice=250.change-everywhere

1 Like

Re: We Buy Dollars From Government Officials — Bdcs by 49cents(m): 7:22am On Aug 30, 2016
I repeat this Zoo must fall

1 Like

Re: We Buy Dollars From Government Officials — Bdcs by giles14(m): 7:23am On Aug 30, 2016
Keneking:
Ok

"Unfortunately, the national currency has continued to receive intense battering and fell to N406/$ (N415/$) few days ago at the black (parallel) market."

Recent reports said the naira has shed almost 40% against the dollar in almost a year, making it the worst performing currency globally. embarassed

Useless APC government economic policies, hopeless situation cry

"...due to activities of highly placed government officials (APC) , top politicians (APC & PDP) and Central Bank of Nigeria’s (CBN) staff (Emefiele and APC staffers). Useless government embarassed
I even saw northern traditional leaders.

it is well.


APC government =government of d north for d north and by d north

1 Like

Re: We Buy Dollars From Government Officials — Bdcs by john650(m): 7:32am On Aug 30, 2016
iamawara:
I assuare you zat the pederal gammant iz awaya of diz anda will do ebry thin to fight kwaraption God bless za pederal refublic of Nigeria.


I tell you. you have seen nothing yet. continue to believe that Buhari will change thiz country. he is the biggest lier in the History of West Africa. God save us from this An*mal amen
He'll change this country alright, for the worse.

1 Like

Re: We Buy Dollars From Government Officials — Bdcs by lagdmark(m): 7:34am On Aug 30, 2016
Zombies will still blame Gej.
This confession came from the N. BDC operators

1 Like

Re: We Buy Dollars From Government Officials — Bdcs by repogirl(f): 7:37am On Aug 30, 2016
Buhari is not fighting corruption again?

Why not simply ban these BDCs and track the banks and this artificial scarcity will end.
Re: We Buy Dollars From Government Officials — Bdcs by 2sexynet: 7:39am On Aug 30, 2016
Brunel:

deliberate hoarding of foreign currencies
making it the worst performing currency globally
somebody please tell me what treason means again?

What some people don't realise is that no one can ever make our country great but ourselves.
In our own little ways we should shun corruption. don't give, don't take.
I will deny myself ill gotten wealth because I know it is the right way to live. My aim is not to be the richest man but to show to people that there are honest means to make it.
lol... I used to think like you. grin
Re: We Buy Dollars From Government Officials — Bdcs by adegeye38(m): 8:19am On Aug 30, 2016
corruption is on EVERY level, no one can make this country better but ourselves.....

BE THE THE CHANGE YOU WANNA SEE...

1 Like

Re: We Buy Dollars From Government Officials — Bdcs by bashydemy1: 8:46am On Aug 30, 2016
Keneking:
Ok

"Unfortunately, the national currency has continued to receive intense battering and fell to N406/$ (N415/$) few days ago at the black (parallel) market."

Recent reports said the naira has shed almost 40% against the dollar in almost a year, making it the worst performing currency globally. embarassed

Useless APC government economic policies, hopeless situation cry

"...due to activities of highly placed government officials (APC) , top politicians (APC & PDP) and Central Bank of Nigeria’s (CBN) staff (Emefiele and APC staffers). Useless government embarassed
Wailers like you never stop surprising me, You come here everyday to blame the Govt for anything and everything even you inability to feed your family you blame Buhari. Have you ask your self where are those selling $$ to them getting the said dollars? These are the dollars the ineffectual baboons squanderd during last election and some of the beneficiaries keep them and just selling them to the BDC. If Buhari start arresting those behind this and prosecuting them, your like will be the one that will be shouting up and down again shouting witch hunting abi no be so.. Make God help you guys sha.
Re: We Buy Dollars From Government Officials — Bdcs by row2ray(m): 8:57am On Aug 30, 2016
Well now we know why the were illegally getting Thier children employed at the can... They knew what they were doing

1 Like

Re: We Buy Dollars From Government Officials — Bdcs by holluphemydavid(m): 8:58am On Aug 30, 2016
Let me buy space here
Re: We Buy Dollars From Government Officials — Bdcs by Nobody: 9:12am On Aug 30, 2016
Keneking:
Ok

"Unfortunately, the national currency has continued to receive intense battering and fell to N406/$ (N415/$) few days ago at the black (parallel) market."

Recent reports said the naira has shed almost 40% against the dollar in almost a year, making it the worst performing currency globally. embarassed

Useless APC government economic policies, hopeless situation cry

"...due to activities of highly placed government officials (APC) , top politicians (APC & PDP) and Central Bank of Nigeria’s (CBN) staff (Emefiele and APC staffers). Useless government embarassed

Amazing...
Re: We Buy Dollars From Government Officials — Bdcs by Nobody: 9:15am On Aug 30, 2016
Pidggin:
And una say I dey corrupt?

The funny thing is that Sanusi pointed it out to govt and all they could reply is that " We will probe former CBN governors.."

1 Like

(1) (2) (3) (4) (Reply)

Help Needed To Get A Scammer / Traders Reject New Naira Notes In Niger / Michael Ikuku's N4M, $150k, Phones, Bag, Cheque Stolen At His Son's Wedding

(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. 51
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.