The President of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has hailed the newly proposed abolition of the parallel market.


“The scrapping of multiple markets outside the purview of the CBN will be a welcome development.


“The existence of multiple rates is highly unacceptable,’’ Gwadabe said.


The Minister of Finance, Mrs. Kemi Adeosun on Tuesday while speaking during an economic conference in Abuja said the CBN has promised to do something by putting a system in place to eliminate the black market because it was damaging the economy after direction from President Muhammdu Buhari-led federal government.


The CBN’s Acting Director, Corporate Communications, Mr. Isaac Okorafor, said the Apex Bank was working towards “ensuring that the forex market operates as effectively as we would envisage”.

http://www.newshelm.com/2016/12/bureau-de-change-operators-react-to.html

cc lalasticlala

What do Nigerians stand to gain in all these?

I hope it affects the Naira positively.

Another stupid trial and error policy

who dem epp?

Ok

Why do I think this is practically impossible?

Hmm

It will not stand and the reason is because majority of the payers are from the 95% corner of the country.

who they epp. kolewerk

How did we get Here?

Wake me up when $1 becomes #1 as the All promise Canceled baba in the other room of aso rock promised us.

Abokis too dey react? Tooor

Trial and Error method!

I pray it didn't double d present exchange rate in few weeks to come

This people just de do Nigeria like say dem be lab rats for experiment.

If you are in the US or have relatives in the US trying to send money to naija, I will exchange the funds at 410/$, simply deposit into my US bank account and receive instant funding into your Nigerian account. Don't bother with western Union and co, they exchange at 375/$ with fees and the exchange rate drops to around 345/$.

See my contact below.

This government is just playing dice. Unprecedented!

stamped concrete at affordable rate. This week I'll be charging #5k per Square metre. hurry before I change my mind

Hmmm check out my siggy guys

just observing our dear country and hope for the best

Love Machine:
What do Nigerians stand to gain in all these?

A lot, the advent of parallel market(black market) had nt really improve our lot, it only brought unfortold hardship. Only a governt of foolhardy will substain such outrageous policy. Did u know it made many foreign currency traders millionaires this year.

TeamSimple:
I hope it affects the Naira positively.

Of cause not! What were you thinking? It will lead to dollar scarcity hence causing hike in exchange rate.

if you have Bureau de change littered everywhere like Fast-food joints or filling stations, there will be no need to patronize black market or if the banks didn't have all these restrictions and one could just walk in and change to any currency needed like its done in advanced countries, the Black market will die a natural death.


but when you see pple hiding and exchanging dollars like it is contraband ,what do u expect?





[url]thenaijalisting..com[/url]

At first they used DSS but it didn't go as planned, now lets see what the have next

Trial and error system of government. i cant even purchase something again with my card, my own money. indeed this is is zoo aka hellfire.

How did I end up in here?