After the Efcc raids .BDC operator in an extraordinary meeting agree to start buying dollars @ 580 and Sell @590 to help APC and Buhari govt ( padi padi ) The BDC mainly operated by Northern hausa /fulani meet with the leader of Northern elders and islamic clearic in Kaduna the Hq of former Northern region .in the meeting they why told how the constant low value of the Naira is helping the LP/ OBi candidates and it been used as a campaign tool to fight APC/ buhari govt and they are willing collaborator ! The BDC now resolved to crash the dollars hence forth for political reasons .

Hoard dollars as you risk !

All these government agents using propaganda to crash the foreign exchange rates are comical

successmatters:
All these government agents using propaganda to crash the foreign exchange rates are comical

dey here they are already implementing it .Go to daily trust .they are even rejecting it and Cameron is also changing it currency

Obidents and their collaborators attacking the naira for political points should open their BDC and buy naira at 900 . aboki BDC will buy and sell at 580 and 590. It this the Friday prayer summons all through the mosques ! Aboki BDC would not help in painting buhari govt Bad via obidents speculative activities to show naira is weak to win votes no way !

Munamoqel:

You are watching too much Telemundo and fake news Arise Tv sir
No BDC wants to carry the cross of illicit funds supplier. May be you should spend three nights at sny efcc detention centre to find out

Everything about this post is fake
Y'all should grow up

Zombidiots are no longer screaming Naira is going to be 1000, now it's Tinubu should step down

FreeStuffsNG:
You are watching too much Telemundo and fake news Arise Tv sir

880 to 680 in 7 days .it seem.you are watching too much tom and Jerry
Next na 500

Ireportlive:
Zombidiots are no longer screaming Naira is going to be 1000, now it's Tinubu should step down

tinubu is a criminal
he'll never rule this country
Kiss the truth


tinubu is a yoruba muslim project and yoruba Muslims are fake Muslims that blessed bobrisky because of money

Fulani currency dealers wan run promo. Make them bring am make we buy.

MelesZanawi:
Fulani currency dealers wan run promo. Make them bring am make we buy.

buy with cassava .naira that is steady going to bank and commodities

Munamoqel:
dey here they are already implementing it .Go to daily trust .they are even rejecting it and Cameron is also changing it currency

I have a deal for you, can you sell me dollar at N550 tomorrow?

Bug volume thingz

Munamoqel:
buy with cassava .naira that is steady going to bank and commodities

Abokinomics can not solve the current dollar problem. Fix the fundamentals first.
Make aboki bring out dollar at 580 make we mop am up.
You are about to learn that tribalism and stupidity cannot solve the current issues on ground.
Bring out the dollars, abeg.

Munamoqel:
Obidents and their collaborators attacking the naira for political points should open their BDC and buy naira at 900 . aboki BDC will buy and sell at 580 and 590. It this the Friday prayer summons all through the mosques ! Aboki BDC would not help in painting buhari govt Bad via obidents speculative activities to show naira is weak to win votes no way !

I guess Aboki BDC shall be out-of-business very soon.

Which kind Kai Kai induced news be this without a verifiable source bar?

successmatters:
All these government agents using propaganda to crash the foreign exchange rates are comical

I swear...you read my mind. As if the rates will not bounce back when their lies are unravelled.

It shd Sink down further and capped at 200 Naira per dollar

Peter Obi has already promised to get rid of BDCs.

No amount of propaganda and artificial exchange rates will discourage Obi from doing that.

Naira that exchanged at 216 to a dollar when GEJ handed over to the current terrorist president, is now various orders of magnitude.

Price is determined by demand and supply.

Where will aboki get dollar @580 to sell @590.

The reason the dollar keeps going up is because there is large amount of naira chasing few dollars available in Nigeria.

Even the government that earns free dollars from oil sale couldn't meetup with the demand for dollar, hence the proliferation of BDCs.

If the government of Buhari was serious at keeping exchange rate low, the government should make all dollars made from selling oil available at the currency market.
That way there will be enough dollars to meet demand and price will crash.

But will the government do it? No.
They will rather print more naira like they have been doing.

sotall:
Price is determined by demand and supply.

Where will aboki get dollar @580 to sell @590.

The reason the dollar keeps going up is because there is large amount of naira chasing few dollars available in Nigeria.

Even the government that earns free dollars from oil sale couldn't meetup with the demand for dollar, hence the proliferation of BDCs.

If the government of Buhari was serious at keeping exchange rate low, the government should make all dollars made from selling oil available at the currency market.
That way there will be enough dollars to meet demand and price will crash.

But will the government do it? No.
They will rather print more naira like they have been doing.

How much is the dollar from oil sales compared to demand?

Munamoqel:
880 to 680 in 7 days .it seem.you are watching too much tom and Jerry
Next na 500

Don't be deceived. Dollar is already back to 800+.
The truth is that we are not earning enough dollar to go round to take care of the demand for dollar.

Globad:


How much is the dollar from oil sales compared to demand?

You provide the data.
If the government that earns free money from oil sales will rather print more naira and buy foreign cars and other consumables, it tells you the naira will never have value.

As i am writing this, dollar is back at 800 naira.

whemmytopsy:

Don't be deceived. Dollar is already back to 800+.
The truth is that we are not earning enough dollar to go round to take care of the demand for dollar.

What does the government do with the free money earned from oil sales?

Loots it and print more naira.

Mkpurummiri is not good at all!

whemmytopsy:

Don't be deceived. Dollar is already back to 800+.
The truth is that we are not earning enough dollar to go round to take care of the demand for dollar.

it 1500 !

OfoIgbo:
Peter Obi has already promised to get rid of BDCs.

No amount of propaganda and artificial exchange rates will discourage Obi from doing that.

Naira that exchanged at 216 to a dollar when GEJ handed over to the current terrorist president, is now various orders of magnitude.

And Abokis that have depended on BDC for their existence for generations would vote Obi?

sotall:


What does the government do with the free money earned from oil sales?

Loots it and print more naira.

The money is not enough, and remember that we still use part of it to import refined petroleum product.

I'll be the last to believe this contraption, but if it happened to be true, then, I pray those who pulled it should also visit our aboki food suppliers, and in like same manner, convince them to reduce the price of their produce considerably.

Munamoqel:
it 1500 !

Well, I won't argue with you, sebi you said it is 680 naira...now let me cut you some slacks, Bring any amount of dollar at 720/dollar, I repeat any amount, I will buy..if you can't, then stop displaying your ignorance.

whemmytopsy:

The money is not enough, and remember that we still use part of it to import refined petroleum product.

Yes its not enough.
But the government has to do something about the local demand for foreign currency.
There are lots of items ( infact Nigeria imports most of her product) that are important to everyday life that we must import because Nigeria doesn't produce them. This requires foreign currency.


The government cant do an i dont care attitude

Roboto11:


And Abokis that have depended on BDC for their existence for generations would vote Obi?

Obi talks about a few people enjoying Nigeria to the detriment of the vast majority.

If the BDC operators are contributing to the immense economic hardships Nigerians are facing, then they will have to do better, otherwise their businesses will be shut down.

Nigeria is about to transit from CONSUMPTION TO PRODUCTION. Everyone must read the script. There will be no sacred cows. Everyone must benefit from Nigeria