CrispyLiz:
http://saharareporters.com/2021/08/01/central-bank-governor%E2%80%99s-policy-somersault-foreign-exchange-bureau-de-change-dr-adeola

CrispyLiz:
http://saharareporters.com/2021/08/01/central-bank-governor%E2%80%99s-policy-somersault-foreign-exchange-bureau-de-change-dr-adeola

Oizatobad:
MY QUESTION IS THAT WHERE IS EDUCATED NIGERIANS _____

007s:
Nigerians can be so opinionated.

CBN ban sales of forex to BDCs because they've become conduit for fraud, money laundering, and also because of the arbitrage trading most of them engage in.
A BDC would get $20,000 at CBN rate of 410 naira and would sell in bulk to existing offtakers at around 490 naira, making almost N2,000,000 per week without breaking a sweat, while indirectly sending price of goods and inflation rate high.
Banning forex sales to BDC is a welcome development, CBN should only perfect this policy by increasing volume of forex available to Banks, such that forex easily accessible via banking platforms

oldtruth:


This government might be struggling but the CBN policy to ban BDC's from accessing $ at NIFEX makret is highly welcome.

How would they buy at NIFEX rate of #410 and then sell at BlackMarket at #500+? That is day light robbery and manipulation.

Let everyone who genuinely needs $ for services and trade access the $ directly from bank through the NIFEX window. Importer should also talk to their sellers to issues LC payable at destination.

The exporter shouldn't be the surffer head here through forced NFX policy

od501:


So...how come the thing keeps increasing?

faithfull18:
To where, there are always two sides to a coin. What favours some may not favour the others.

od501:


So...how come the thing keeps increasing?

femarse:

the way u guys keep making noise about banks hoarding fx is alarming , and nothing short of knowledge gap

the banks can not hoard fx, they dont own it in the first place , u dont get how it works
scrapping BDC is the best decision CBN has made in recent times

To get your PTA/BTA, U submit your documentation which is then sent to the bank headoffice electronically , who then review and if requirements are met , sent to CBN who then disburse funds to the bank , that is how the process works for all banks, most times people complain of not getting it on time, thats because 1 too many applicants, 2 your details are not correctly filled and the guy reviewing just get tired and moved to others that dont have issues

BDC people are the ones that makes it looks like our life depends on dollars, it doesnt and shouldnt , even now if u take PTA and later cancel your flight, they know u are taking fx to sell to BDC, U will be blacklisted cos they now check flight of people taking PTA
NIGERIANS themselves are the ones sabotaging economic effort looking for personal profit rather than general well being of everyone

od501:


So...how come the thing keeps increasing?

Ayo2004:
We are finished

I believe Buhari and his boys are deliberately doing this in order to reduce the power of the naira compared to dollars hence less Nigerians will not have the economic power to japa while their loot in US banks increase when they want to spend it in Nigeria

In my next life,if I come as a Nigerian,I go carry knife for hospital chook myself

NaughtyBrainiac:
I am not saying the CBN Governor is doing a great job but all I can see is an Author paid by BDCs to write in their support.

The CBN will not give funds to BDCs anymore and so be it!

Icumsa45:
Emefiele is a super dunce, despite their daft initiatives on FX, dollar still dey rise like garri.

femarse:

the way u guys keep making noise about banks hoarding fx is alarming , and nothing short of knowledge gap

the banks can not hoard fx, they dont own it in the first place , u dont get how it works
scrapping BDC is the best decision CBN has made in recent times

To get your PTA/BTA, U submit your documentation which is then sent to the bank headoffice electronically , who then review and if requirements are met , sent to CBN who then disburse funds to the bank , that is how the process works for all banks, most times people complain of not getting it on time, thats because 1 too many applicants, 2 your details are not correctly filled and the guy reviewing just get tired and moved to others that dont have issues

BDC people are the ones that makes it looks like our life depends on dollars, it doesnt and shouldnt , even now if u take PTA and later cancel your flight, they know u are taking fx to sell to BDC, U will be blacklisted cos they now check flight of people taking PTA
NIGERIANS themselves are the ones sabotaging economic effort looking for personal profit rather than general well being of everyone

Cantonese:
Mr. Adeyemi your analysis make one want to ask you how long you have nnive with banks and politicians must loose their grip so this nation can move forward.

Buckeyemedia1:
What do you export, What concerns you with dollars?

KingOfAllIgbos:


Emefiele.... miracle center graduate.

Olodo! Worst ever CBN Governor serving worst ever quota system President.

Jeez!