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Nairaland Forum / Nairaland / General / Business / CBN Endorses SSS Raid On Currency traders (14242 Views)
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CBN Endorses SSS Raid On Currency traders by Limitednow: 4:24pm On Nov 22, 2016 |
THE Central Bank of Nigeria (CBN) on Tuesday endorsed the crackdown on parallel market forex traders by the officials of the Department of State Services (SSS) across the country. http://www.socialtimesng.com/2016/11/cbn-endorses-sss-raid-on-currency-traders/ 3 Likes
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Re: CBN Endorses SSS Raid On Currency traders by brunofarad(m): 5:28pm On Nov 22, 2016 |
Hmmmm They should also remember that NIGERIA is not a communist STATE or Banana Republic It is supposed to be a free market Economy Dumb heads My heart felt condolence goes to the small and medium scale enterprises all over Nigeria, 39 Likes 3 Shares |
Re: CBN Endorses SSS Raid On Currency traders by iykedare(m): 5:28pm On Nov 22, 2016 |
Our president thinks he will achieve anything with force in this era. He will only make it worse. What a country!! 42 Likes 3 Shares |
Re: CBN Endorses SSS Raid On Currency traders by HenryThegreat1(m): 5:29pm On Nov 22, 2016 |
ok 1 Like |
Re: CBN Endorses SSS Raid On Currency traders by sanandreas(m): 5:29pm On Nov 22, 2016 |
Re: CBN Endorses SSS Raid On Currency traders by dokunbam(m): 5:29pm On Nov 22, 2016 |
Well 1 Like |
Re: CBN Endorses SSS Raid On Currency traders by Dongreat(m): 5:30pm On Nov 22, 2016 |
I don't have to be an economist to know that this move will be counterproductive. It will result to a further scarcity of the foreign currencies resulting to higher exchange rate. Why can't CBN build BDC centers across the country where people can go, provide the required documents for what they want to use it for, licensed only be the CBN to give out currency at official rate. Importers, students, medical checkups and manufacturers will go to banks to apply for theirs. Stop giving to these black market guys. 20 Likes 2 Shares |
Re: CBN Endorses SSS Raid On Currency traders by MrMcJay(m): 5:30pm On Nov 22, 2016 |
The question the CBN Governor should be asked is: Why should licensed Nigerian Banks not have Dollars to sell to Nigerians, but street hawkers have dollars to sell? 83 Likes 5 Shares |
Re: CBN Endorses SSS Raid On Currency traders by Godprotectigbos(f): 5:30pm On Nov 22, 2016 |
sometimes if dont kw wat to say, just laugh 4 Likes 1 Share |
Re: CBN Endorses SSS Raid On Currency traders by Dymaco(m): 5:30pm On Nov 22, 2016 |
dis idiot thinks that this is 1983 when he locked up Igbo traders shop dictating how to sell their market. pls nobi as u take buy market u go take sell am. this govt is just foolish, they can't even think. A year and six months gone, those idiots have never bring up a policy that will put recession into check on 2017. we don dey for serious trouble 17 Likes |
Re: CBN Endorses SSS Raid On Currency traders by swiperthefox: 5:32pm On Nov 22, 2016 |
SMH! |
Re: CBN Endorses SSS Raid On Currency traders by anyiway(m): 5:32pm On Nov 22, 2016 |
Rubbish |
Re: CBN Endorses SSS Raid On Currency traders by Franz15: 5:33pm On Nov 22, 2016 |
the worst is coming sooooooon....
1d-550n 1 Like |
Re: CBN Endorses SSS Raid On Currency traders by cloud9usher: 5:33pm On Nov 22, 2016 |
We are on the right track! Enough of allowing politicians, judges, banks and BDC's short change us and loot us dry in broad day light to feed their greed. 2 Likes |
Re: CBN Endorses SSS Raid On Currency traders by Chiedu4Trump: 5:33pm On Nov 22, 2016 |
2 Likes |
Re: CBN Endorses SSS Raid On Currency traders by Millz404(m): 5:34pm On Nov 22, 2016 |
Make good policies and everything will balance. Price will always adjust to the interplay of demand and supply. They just want to worsen the whole thing by driving the dollar supply further down. They should continue, what they will finally achieve is a black market in the black market with increased price. |
Re: CBN Endorses SSS Raid On Currency traders by Inception(m): 5:34pm On Nov 22, 2016 |
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Re: CBN Endorses SSS Raid On Currency traders by Nobody: 5:34pm On Nov 22, 2016 |
Great and also the banks that sale to them |
Re: CBN Endorses SSS Raid On Currency traders by Nobody: 5:35pm On Nov 22, 2016 |
In as much as economic economic saboteurs must be severely dealt with, I would like to point out that CBN is the real enemy of Nigeria, how did dollars meant for manufacturers end up in the hands of the black marketeers, CBN needs to put mechanisms in place to track how dollars disbursed are effectively utilized. They should go the manufacturers too 3 Likes |
Re: CBN Endorses SSS Raid On Currency traders by ekanDamie: 5:35pm On Nov 22, 2016 |
actually, it's a welcome development. this are the people through which d exchange rate keeps going up. if they stop them n dier cabal's. dey would stop having an influence on exchange rate 1 Like |
Re: CBN Endorses SSS Raid On Currency traders by Gten(m): 5:36pm On Nov 22, 2016 |
The CBN under Emefiele thinks force is the way to keep the floating forex under check, has it occurred to the knucklehead that a conducive environment by Mr Buhari is the solution? Most of the investors have left the country, the revenue from oil is dwindling the president is not doing any tangible thing to woo investors and to compound it all you are arresting those going about their legitimate business, ask yourself who would come and invest in Nigeria during this "demomilitary rule"? 3 Likes |
Re: CBN Endorses SSS Raid On Currency traders by emmanuelbrown26: 5:37pm On Nov 22, 2016 |
chai dis is the real time for my businessssss |
Re: CBN Endorses SSS Raid On Currency traders by Dymaco(m): 5:38pm On Nov 22, 2016 |
Keneking: smh go and tell that ur idiot govt. that he should make more forex available 1 Like |
Re: CBN Endorses SSS Raid On Currency traders by divide9ja: 5:39pm On Nov 22, 2016 |
brunofarad: This are the ways of Banana Republic now! Una vote for change, enjoy una change bikonu. 2 Likes |
Re: CBN Endorses SSS Raid On Currency traders by Dymaco(m): 5:39pm On Nov 22, 2016 |
ekanDamie:oga no bi as u take buy rice u go take sale am. are they the one that made ur govt. not to create more forex through diff. method. |
Re: CBN Endorses SSS Raid On Currency traders by MrCounselor: 5:40pm On Nov 22, 2016 |
[size=18pt]Apply for proper license is what they say[/size] http://smartfinanceng..com/2016/11/bitcoin-up-and-running-everything-you.html 1 Like |
Re: CBN Endorses SSS Raid On Currency traders by val15: 5:41pm On Nov 22, 2016 |
CBN,DSS and Buhari na family business na. 2 Likes 1 Share |
Re: CBN Endorses SSS Raid On Currency traders by Papertrail11(m): 5:45pm On Nov 22, 2016 |
brunofarad: once things starts spriling out of control pple like yu will start calln on govt to control the situation of things....im in full aupport of this move against those street urchins called bdc they are one of the people creating artificial scaricity and a case of round tripping govt sells 400 dey sell 450 1 Like |
Re: CBN Endorses SSS Raid On Currency traders by Nobody: 5:48pm On Nov 22, 2016 |
Check my signature and come onboard let's earn money weekly |
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