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Nairaland Forum / Nairaland / General / Business / Naira devaluation: BDCs get dollars at ₦393, sell for N494 (21999 Views)
Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote / CBN Mandates BDCs To Sell US Dollars At N1,314.01/US$ / Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ (2) (3) (4)
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Naira devaluation: BDCs get dollars at ₦393, sell for N494 by ijustdey: 12:55pm On May 29, 2021 |
Bureau De Change operators got the United States dollar from the Central Bank of Nigeria at N393 but sold it for N494 on Friday, an investigation by our correspondent has revealed.https://punchng.com/naira-devaluation-bdcs-get-dollars-at-n393-sells-for-n494/ 1 Like 2 Shares
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Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by PlayMaker14: 12:56pm On May 29, 2021 |
I remember how Buhari Media Cow's (BMC) in this forum went all out to call former president Goodluck Jonathan unprintable names when the Naira fell to 180 per dollar at the official market in 2014. Now, the lifeless Baba they enthroned, thinking he was the next best thing after Nelson Mandela promised to make the Naira equal to the Dollar.... We can now see how "Equal" the two currencies are in the market.. 120 Likes 7 Shares
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Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by Nukilia: 1:00pm On May 29, 2021 |
Remove buhari and his APC crooks in order to restore sanity in every sector of this country! ![]() 46 Likes 5 Shares |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by Agbegbaorogboye: 1:42pm On May 29, 2021 |
This is the main reason our naira has been tanking while they blame it on oil price. The BDC and other highly placed people in the admin have been getting free dollars from the CBN and selling at whatever rate they like. This leads to much pressure on the Naira as BDCs make mad profits. Plus, the fact BDCs are not into any productive activity in the economy. Sometimes I wonder what we need them for anyway. I'm sure if BDC was mainly run by southerners, Buhari would have banned them just as they did with rice and other imports and closed the borders. He know southerners are the majority in those areas, even fuel importation. Fact is, nepotism is the worst form of corruption!! 203 Likes 9 Shares |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by CaptainAyub: 1:46pm On May 29, 2021 |
Agbegbaorogboye:And we know who runs BDCs 25 Likes 1 Share |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by Agbegbaorogboye: 1:53pm On May 29, 2021 |
CaptainAyub:And what's most unfortunate is when the borders were closed and price of rice and other commodities rose in response, majority of those who were writing articles upon articles to defend that policy were majorly southerners. They failed to see the big picture of starving the southern businessmen to enrich the northern middlemen. Not until the closure began to affect dangote and bua did Buhari make a volte face on the matter. Southerners are their own worst enemies!! 85 Likes 10 Shares |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by InaNla(f): 2:31pm On May 29, 2021 |
ONLY under buhari. Operation enrich the North. 10 Likes |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by BetExpert: 2:31pm On May 29, 2021 |
The corruption under Buhari Fulani terrorists gunment is mind-blowing. There has never been a government in Nigeria as totally corrupt as this. Even Goodluck na saint where Buhari dey. Fulani BDC are making N4 million per $10K on orders of Fulani-controlled CBN, but go to bank that you want dollar they will tell you dollar no dey. God punish Buhari. Buhari will burn in Hell forever. 67 Likes 6 Shares |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by GIANTPLUSHUB: 2:31pm On May 29, 2021 |
Hmmmmm |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by WiszyFraud: 2:31pm On May 29, 2021 |
Did you know?? In the next 30 seconds, you will, on average, produce 72 million red blood cells, shed 174,000 skin cells, and have 25 thoughts. ![]() 10 Likes |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by Adedotguy: 2:31pm On May 29, 2021 |
No brain CBN Can easily ban cryp.to but can't ban bdcs. 3 Likes |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by Nobody: 2:31pm On May 29, 2021 |
Such is life |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by SLAP44: 2:31pm On May 29, 2021 |
![]() ![]() This article is sponsored by the zombie administration to turn you guys against the BDC while they divert the forex into foreign accounts. Believe this government at your own peril. 2 Likes 1 Share |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by jimi4us: 2:32pm On May 29, 2021 |
This is how Northerners are treating Southerners . 29 Likes
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Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by Strongbest(m): 2:32pm On May 29, 2021 |
Hmmm. These guys will be making over 100k daily without sweat. Some animals are more equal than the others. Some people will be super poor while some people will be super rich by the time it's all over. 8 Likes |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by almarthins(m): 2:32pm On May 29, 2021 |
PlayMaker14: Now buhari is burying a country 5 Likes |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by amstardi: 2:32pm On May 29, 2021 |
The southern Nigeria have been held under a massive spell for way too long .. You guys are indeed daft 23 Likes 1 Share |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by mzBEAM(f): 2:32pm On May 29, 2021 |
If we talk now our nairaland abokî mod go delete the post. Nigeria will end very soon. 8 Likes |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by obembet(f): 2:32pm On May 29, 2021 |
2023 still far o 6 Likes
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Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by infogenius(m): 2:32pm On May 29, 2021 |
This is a massive cashout a selected part of the country. 5 Likes |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by amstardi: 2:32pm On May 29, 2021 |
Financial TERRORIsm. 98% of BDCs are owned by money merchants of northern extraction . Just imagine the cashout . They makeover a 100k naira gain on $1000 dollars. This alone should cause a riot 29 Likes 2 Shares |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by Patrioticman007(m): 2:32pm On May 29, 2021 |
Agbegbaorogboye: Mr man our challenges are class struggle not tribal bigotry. 3 Likes |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by InaNla(f): 2:33pm On May 29, 2021 |
PlayMaker14: The media cows are now in severe pains. The 30k stipends for defending stupidity now like 30 kobo. 24 Likes 2 Shares |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by design106: 2:33pm On May 29, 2021 |
![]() That was to be expected. |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by finnacle2020: 2:33pm On May 29, 2021 |
This is not true |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by GreaterFuture(m): 2:33pm On May 29, 2021 |
It has always been this way, that's how things are. and I am searching for some really good, reliable FX Seller too oh. Inflow or Cash, many buyers dey ground. But we don't want MOU, Blockfunds, PND, instruments etc. Just meet confirm each others Funds, and Swap. Most of the sellers out there are either Scams or not Sure at all |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by nedekid: 2:34pm On May 29, 2021 |
PlayMaker14:Even the fall to 180 was because of elections. After elections it would have returned to 140 after politicians offload them in the Black market. 8 Likes |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by ecomalchemist(m): 2:34pm On May 29, 2021 |
Nepotism at its peak, just imagine ! 4 Likes |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by visijo(m): 2:34pm On May 29, 2021 |
We are surrounded by friends who can spot fake designer bags and sneakers but can't notice a depressed friend. � 10 Likes |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by Nobody: 2:34pm On May 29, 2021 |
Ok |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by affable4(m): 2:35pm On May 29, 2021 |
Not true. The 393 is it I &E rate or NAFEX? 1 Like |
Re: Naira devaluation: BDCs get dollars at ₦393, sell for N494 by dynicks(m): 2:35pm On May 29, 2021 |
WiszyFraud:keep this up bro..!! 7 Likes |
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