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Nairaland Forum / Nairaland / General / Business / DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 (38940 Views)
Bureau De Change Operators React To Elimination Of Parallel Market / Dss Raids Makes Naira Stays Firm At N465/$1 / DSS Arrests 40 In Kano Bureau De Change Raid (2) (3) (4)
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DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by modsfucker: 7:02am On Nov 10, 2016 |
Officers of the Department of State Services (DSS) have raided two major Bureau de Change markets in Lagos and Abuja in a fresh attempt to end speculation in the foreign exchange transaction at the parallel market. http://www.dailytrust.com.ng/news/business/forex-crisis-dss-raids-bdc-operators-forces-dollar-down-to-n400/170949.html 4 Likes 2 Shares
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Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by saintkel(m): 7:11am On Nov 10, 2016 |
Everything under dis administration has got to do with d DSS, nawa o 104 Likes 2 Shares |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by SamuelAnyawu(m): 7:14am On Nov 10, 2016 |
Good One..... 8 Likes 1 Share |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by modsfucker: 7:16am On Nov 10, 2016 |
saintkel: Yes, I want it that way. Should they be allowed to be having a field day? where is Lalasticlala sef 68 Likes 3 Shares |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by midol: 7:19am On Nov 10, 2016 |
Abeg which kain stone age forex control method be this. My yoruba brain is not understanding. 178 Likes 7 Shares |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by Oxenomy: 7:21am On Nov 10, 2016 |
Using force to enforce this is counter productive.. Traders will simply keep their fx for now, waiting for DSS to disappear. This will lead to more scarcity of dollars which in turn will lead to more depreciation of the Naira.. Everything no be by gragra.. 171 Likes 7 Shares |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by Stalwert: 7:22am On Nov 10, 2016 |
modsfucker: gbamest 19 Likes 2 Shares
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Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by GogetterMD(m): 7:26am On Nov 10, 2016 |
I'm not understanding. Wetin consign DSS with forex trading? 60 Likes |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by richidinho(m): 7:26am On Nov 10, 2016 |
Everything na force 9 Likes 1 Share |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by braine(m): 7:34am On Nov 10, 2016 |
Good |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by Nobody: 7:42am On Nov 10, 2016 |
Good. Nigeria can only be fixed by dictatorship 18 Likes 1 Share |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by agwom(m): 7:43am On Nov 10, 2016 |
hmm |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by PapaBrowne(m): 7:45am On Nov 10, 2016 |
Hmmmm. This is communism at its finest. We are in trouble. Forceful price controls are the beginning of the end of an economy. I tell you the consequences. An "underground" black market would be created where things would get worse off because the worst kind of scarcity would hit the market as all the Forex would go underground. Scarcity can never be controlled by force. Never. Ever wonder why cocaine is as expensive as it is? This government keeps using its own lack of knowledge to create terrible consequences for the economy. 98 Likes 9 Shares |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by 4reala(m): 7:46am On Nov 10, 2016 |
This govt. blood hound are really thirsty dis days o. Oppositions are in trouble 4 Likes 2 Shares |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by Nobody: 7:47am On Nov 10, 2016 |
E don dey start, e remain make operation ESSENCO, resume. 3 Likes 1 Share |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by okosodo: 7:50am On Nov 10, 2016 |
This mumu move will only create scarcity which will further push the price above 500, if the government possess the brains and stimulate investments the naira will naturally go bullish. But but for now, lets watch and see how daura people destroy this country 40 Likes 2 Shares |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by Nobody: 7:59am On Nov 10, 2016 |
modsfucker: 5 Likes |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by Nobody: 8:09am On Nov 10, 2016 |
So where is lalasticlala sef |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by aariwa(m): 8:25am On Nov 10, 2016 |
Reminds me of price control boards he did with similar tactics in the 80s.Every thing is now pointing towards history repeating itself after Buhari's 20 months in power through either democratic or millitary means 28 Likes 2 Shares |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by obailala(m): 8:39am On Nov 10, 2016 |
modsfucker:The value of the Naira can only be restored by forces of demand and supply, not by the force of a gun. Economic experts in the house, can someone please explain what it actually means to float the currency but yet, a gun has to be pointed at the heads of forex vendors for them to reduce their rates? 53 Likes 5 Shares |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by HtwoOw: 8:47am On Nov 10, 2016 |
Sooner they stabilize prices the better Most traders bdc or not always want more and more profit even at the peril of everybody else The same measure used for controlling fuel price should be used here as well otherwise they will force the economy aground then start buying cash in containers on farm lands 1 Like |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by 989900D: 9:03am On Nov 10, 2016 |
We are our own enemies. We are a special kind of stupid. We are a special scenario, needing special approach. OTOH, the below ab initio . . . for a while, will be a good way to break the stronghold of saboteurs. He said the best way out was for CBN to flood the market with enough forex, instead of using force to address the problem. 1 Like |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by 989900D: 9:07am On Nov 10, 2016 |
obailala: This country is a special country, where the citizenry is its own major plague! 5 Likes 1 Share |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by jejemanito: 9:57am On Nov 10, 2016 |
PMB doesn't understand he is dealing with human beings. He thinks governance is the same as cattle rearing I bet Buhari also uses DSS to force himself on his wife 48 Likes 3 Shares |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by kingcomet(m): 9:57am On Nov 10, 2016 |
Chai. naija yaf suffer 1 Like |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by dunkem21(m): 9:57am On Nov 10, 2016 |
Nice one.. I am waiting for them to go and force market women to sell a bag of rice for N10k. . A carton of indomie for N1k and painter of Garri; N300. 15 Likes |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by horlabiyi(m): 9:57am On Nov 10, 2016 |
Almost everything under this administration is all about force. And we are not in military era. This is not the best way to make them comply with your directives. As the remaining seller will hide their dollars and still sell above 500-600 when they see customers who are desperately in need. 21 Likes
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Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by Nobody: 9:58am On Nov 10, 2016 |
So dss go dey there 24/7 dey monitor as dem dey sell d dollar abi?.. yeye... 13 Likes
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Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by Lanre4uonly(m): 9:58am On Nov 10, 2016 |
This is serious. Insincerity has brought us to this level. 2 Likes |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by ABIOLAXYZ(m): 9:58am On Nov 10, 2016 |
good 1 Like |
Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by czaratwork: 9:58am On Nov 10, 2016 |
Ayam not understanding. Are we in millitary era now 8 Likes |
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