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At What Rate Does CBN Sell Dollars To BDCs? - Business - Nairaland

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Naira Falls After CBN Stops Forex Sales To BDCs / CBN Stops Sale Of FOREX To BDCs / Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs (2) (3) (4)

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At What Rate Does CBN Sell Dollars To BDCs? by Nobody: 8:18pm On May 09, 2018
Just wondering...
Re: At What Rate Does CBN Sell Dollars To BDCs? by Nobody: 9:05pm On May 09, 2018
306
Re: At What Rate Does CBN Sell Dollars To BDCs? by slawomir: 7:45am On May 10, 2018
it is 305 my guy
. they subsidize it for bdc and bdc go come begin misbehave

this early morning rain for Benin ehnnn just dey sweet me.
see cold
.

o boy na to dial esohe number o. this one when exam don finish so na enough banging
I pray make she nor off her phone

even if she off her phone i go enter her hostel for ekosodin go track her.
abi make i call blessing. no blessing dey misbehave sometimes
efemena for clear o but them nor circumcise that girl. the last time when i do efemena she nearly kill me. dey reach orgasm anyhow and nor dey tire

47 Likes 2 Shares

Re: At What Rate Does CBN Sell Dollars To BDCs? by Pavore9: 7:45am On May 10, 2018
Would want to know also.
Re: At What Rate Does CBN Sell Dollars To BDCs? by BlackPantherxXx: 7:45am On May 10, 2018
You wan do BDC biz ? I often wonder too. BDCs made crazy money even when Naira was relatively stable.

Buhari/ the Nigerian economy just made it more lucrative than money rituals 2015/16

8 Likes

Re: At What Rate Does CBN Sell Dollars To BDCs? by frankmoney(m): 7:47am On May 10, 2018
Would like to know too , because those BDC are saboteurs ,
Re: At What Rate Does CBN Sell Dollars To BDCs? by CriticMaestro: 7:47am On May 10, 2018
299 to citizens
Re: At What Rate Does CBN Sell Dollars To BDCs? by life2017(m): 7:47am On May 10, 2018
dayo2me:
306
Not true. They buy regulated quantity at around 360naira to a dollar directly from CBN same price with PTA.
Though officially BDC are not involve in I and E window, BDC participate indirectly through SMEs to augment what they get from CBN.

16 Likes 2 Shares

Re: At What Rate Does CBN Sell Dollars To BDCs? by ohosi4real(m): 7:48am On May 10, 2018
289

2 Likes

Re: At What Rate Does CBN Sell Dollars To BDCs? by bmxshop: 7:48am On May 10, 2018
Depends on who is buying and for what reason.

The USD was sold as low as 1USD to 1 Naira.

4 Likes

Re: At What Rate Does CBN Sell Dollars To BDCs? by onpoint247: 7:48am On May 10, 2018
It depends on the rate for the particular day.... But it rang from 303-308

You are welcome

2 Likes

Re: At What Rate Does CBN Sell Dollars To BDCs? by oyetunder(m): 7:49am On May 10, 2018
grin How much for solving this needless mathematical formula now? Aboki wey no dey browse is busy making his money exchanging one currency for another.

2 Likes

Re: At What Rate Does CBN Sell Dollars To BDCs? by dadavivo: 7:51am On May 10, 2018
CriticMaestro:
299 to citizens
which citizens
Re: At What Rate Does CBN Sell Dollars To BDCs? by SAD007(m): 7:52am On May 10, 2018
iiooxx:
Just wondering...
I get sure Picker ooo!! Holla me..
Re: At What Rate Does CBN Sell Dollars To BDCs? by CriticMaestro: 7:54am On May 10, 2018
dadavivo:
which citizens
Exporters and importers
Re: At What Rate Does CBN Sell Dollars To BDCs? by King4Roller: 7:54am On May 10, 2018
I go open BDC soon. See as Mompha dey cruise Rolls Royce and Vogue

2 Likes

Re: At What Rate Does CBN Sell Dollars To BDCs? by lawbabs: 7:54am On May 10, 2018
life2017:

Not true. They buy at 360 in the I & E window

Very correct...

3 Likes

Re: At What Rate Does CBN Sell Dollars To BDCs? by Alejoc(m): 7:54am On May 10, 2018
Hmmmm shocked
Re: At What Rate Does CBN Sell Dollars To BDCs? by Alejoc(m): 7:55am On May 10, 2018
Nothing to surprises me about Nigeria anymore...



Won't be too surprised to know it is at an unofficial rate cos the corruption that goes on unabated in the country is alarming...


Our govt is almost always reactive!
Re: At What Rate Does CBN Sell Dollars To BDCs? by psalmson001: 7:55am On May 10, 2018
dayo2me:
306

slawomir:
it is 305 my guy
. they subsidize it for bdc and bdc go come begin misbehave

[quote author=BlackPantherxXx post=67433260] You wan do BDC biz ? I often wonder too. BDCs made crazy money even when Naira was relatively stable.
Buhari/ the Nigerian economy just made it more lucrative than money rituals 2015/16

ohosi4real:
289

onpoint247:
It depends on the rate for the particular day.... But it rang from 303-308

You are welcome

We are ignorant of a lot of things going on in this country, and I owe nobody any apology.

All these rates are false. Thats what CBN makes we Nigerians to believe, but thats not what is applicable.

CBN sells USD to BDCs at 360, and instructs BDCs to sell at 362 but many don't even get buyers for that rate. Some sell as low as 361.5 even 361......While CBN sell USD to banks at 357, and the banks sell at 360.
The rate bank sells to end users is the rate BDCs buys from CBN. Trust me, I know what am saying and I have proof.

Yes BDC can be more lucrative than money rituals, but that was up until buhari came in, and then a BDC must have a deposit of N35m with CBN which is not part your trading/working capital.

The CBN official rate of 305/306 na only for paper, its not applicable to BDCs. That rate belongs to the inner caucus.

Even Muslim pilgrims get PTA less than N300/$1, and I bet u many of them don't travel with that money. They will go sell it in the black market at 360/362

Many BDC owners are currently sacking their staff, some are even selling their BDC licence because the business is no more lucrative.

24 Likes 4 Shares

Re: At What Rate Does CBN Sell Dollars To BDCs? by nymphomaniac(m): 7:57am On May 10, 2018
Why will the CBN even allow bureau de change work in Nigeria. They have created a parallel market and the CBN are comfy with it. Sigh!
Re: At What Rate Does CBN Sell Dollars To BDCs? by rahl12(m): 7:58am On May 10, 2018
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PLEASE HELP BROTHER HERE.

HERE IS MY EMAIL: robert11marshall@gmail.com[/b]Please nairalanders, I need a job. I am a graduate of mechanical engineering. I am a serving in kwara state, will be passing out at the beginning of next month. Please I need your help as I am willing to work in any film within or outside the state. Please help a brother. I have experience in operation various of machines.

PLEASE HELP BROTHER HERE.

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Re: At What Rate Does CBN Sell Dollars To BDCs? by Airwellbiz: 7:58am On May 10, 2018
slawomir:
it is 305 my guy
. they subsidize it for bdc and bdc go come begin misbehave

this early morning rain for Benin ehnnn just dey sweet me.
see cold
o boy na to dial esohe number o
I pray make she nor off her phone

See your life, make esohe come do wetin
Re: At What Rate Does CBN Sell Dollars To BDCs? by limanmohammed6: 7:59am On May 10, 2018
All of us are the problem of this our dear country. And if not all of us changed our bad attitude to good we can not see any good in this country.
Re: At What Rate Does CBN Sell Dollars To BDCs? by chigoizie7(m): 8:02am On May 10, 2018
Me too
Re: At What Rate Does CBN Sell Dollars To BDCs? by nerd51(f): 8:02am On May 10, 2018
slawomir:
it is 305 my guy
. they subsidize it for bdc and bdc go come begin misbehave

this early morning rain for Benin ehnnn just dey sweet me.
see cold
.

o boy na to dial esohe number o. this one when exam don finish so na enough banging
I pray make she nor off her phone

even if she off her phone i go enter her hostel for ekosodin go track her.

Lol, Uniben shakushaku students
Re: At What Rate Does CBN Sell Dollars To BDCs? by Nobody: 8:04am On May 10, 2018
slawomir:
it is 305 my guy
. they subsidize it for bdc and bdc go come begin misbehave

this early morning rain for Benin ehnnn just dey sweet me.
see cold
.

o boy na to dial esohe number o. this one when exam don finish so na enough banging
I pray make she nor off her phone

even if she off her phone i go enter her hostel for ekosodin go track her.
abi make i call blessing. no blessing dey misbehave sometimes

Ma nigga
U no dey enter hustle?
Re: At What Rate Does CBN Sell Dollars To BDCs? by kuntash: 8:12am On May 10, 2018
slawomir:
it is 305 my guy
. they subsidize it for bdc and bdc go come begin misbehave

this early morning rain for Benin ehnnn just dey sweet me.
see cold
.

o boy na to dial esohe number o. this one when exam don finish so na enough banging
I pray make she nor off her phone

even if she off her phone i go enter her hostel for ekosodin go track her.
abi make i call blessing. no blessing dey misbehave sometimes
efemena for clear o but them nor circumcise that girl. the last time when i do efemena she nearly kill me. dey reach orgasm anyhow and nor dey tire

If person tell you now say na time you dey waste and usually could affect your future. You go wan bring plenty justifications . But the thread is about BDC and Official CBN dollar rates, I for like make you reason am well, how it will affect your life after school rather than thinking of girls to exchange your spirits with...

4 Likes

Re: At What Rate Does CBN Sell Dollars To BDCs? by Nobody: 8:18am On May 10, 2018
psalmson001:

All these rates are false. Thats what CBN makes we Nigerians to believe, but thats not what is applicable now.

CBN sells USD to BDCs at 360, and instructs BDCs to sell at 362 but many don't even get buyers for that rate. Some sell as low as 361.5 even 361.
While CBN sell USD to banks at 357, and the banks sell at 360.

Lol, Do people even think before talking? How do they make profit if they are selling less than what they buy? Is this how you plan to discourage people who want to get into the BDC business?

3 Likes

Re: At What Rate Does CBN Sell Dollars To BDCs? by rusher14: 8:18am On May 10, 2018
nymphomaniac:
Why will the CBN even allow bureau de change work in Nigeria. They have created a parallel market and the CBN are comfy with it. Sigh!

So how will you get forex?

Prevent queues and hoarding in banks (which might be your proposal)?

What would you do with those that would lose employment when you do away with them?

Note: BDCs exist in all the countries you so much want to be like.
Re: At What Rate Does CBN Sell Dollars To BDCs? by stacyadams: 8:21am On May 10, 2018
psalmson001:


so true ..my family member just close leave the Bdc biz til further notice ..u knw what ur saying

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