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Nairaland Forum / Nairaland / General / Business / Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike (26881 Views)
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Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by DARLINGTON869(m): 1:20pm On Feb 01 |
Tinubu supporters have left the group chat 1 Like 1 Share
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Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Beverlyjean(f): 1:22pm On Feb 01 |
I built lagos...but I will destroy Nigeria 3 Likes 1 Share |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by femicyrus(m): 1:22pm On Feb 01 |
Dialpad:Who? Maybe when it hits 5000 Sha We have a very thick skin in Nigeria 2 Likes |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by DARLINGTON869(m): 1:23pm On Feb 01 |
Coolestguy2023: So BDC are the major reason for the spike. So the number 1 citizen presiding over the AFFAIRS of the nation is totally innocent. Okay ooo 2 Likes
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Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by gotnel: 1:23pm On Feb 01 |
Total disgrace to Tinubu and his Lagos boys. I don't understand what they want with the deregulation of naira/dollar exchange rate that has turned out as a total disaster for the nation economy. If the deregulation is not working out as expected, I think the government should take the system back to the regulated system they met on ground. There is no point of deregulation when we are not producing any product to help counter the market value of naira. Nearly everything in the Nigerian market is imported from outside the country. How on earth do we expect the naira to gain value. The only way to save the economy of Nigeria from total collapse is to regulates the exchange rate. Wale Edun Olayemi Cardosso Femi Gbajabiamila And everyone else in the corridor of the presidency should realise that the consequences of this economic theory from imf and world Bank will kill Nigeria and Nigerians totally. Tinubu and his cabinet members should look inward rather than looking outward towards imf and world Bank. God help us 6 Likes 1 Share |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Dotherightthing: 1:25pm On Feb 01 |
Naira now NGN1,380 When they resume, it will gain further 1 Like |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Wallade(m): 1:28pm On Feb 01 |
CBN needs to withdraw all BDC licenses with immediate effect and encourage all legitimate buyers and sellers of forex to approach commercial banks or DMBs. CBN must ensure FOREX liquidity of DMBs to meet legitimate demands for FOREX and ensure all banks properly document, with evidence, and report all transactions for proper tracking and confirmation of the use. The federal government must complement CBN by criminalizing open transactions in FOREX within nigeria, instead of with the DMBs, and prosecution of offenders promptly in compliance with the laws. These steps will help to arrest the increasing demand for dollars and other forex. 6 Likes 1 Share |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by RisenObinna: 1:28pm On Feb 01 |
Where is FreestfuffNg? Don't snub this thread. 2 Likes |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Angelfrost(m): 1:30pm On Feb 01 |
Emman08: It began with your Politicians, including the one currently leading the nation. Do you know how much in millions of Dollars Tinubu, Atiku, Obi, and others have stored up?!! Y'all don't want to say the truth. How much dollars do average citizens have access to?!! What's the business of millions of civil servants and professionals in Nigeria with Dollars?!! 6 Likes 2 Shares |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Emman08: 1:32pm On Feb 01 |
Angelfrost: Pray tell, Captain In the Know |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Cj4charles(m): 1:34pm On Feb 01 |
Dialpad:nothing will still happen, Nigerians will only come up here on Nairaland and rant for few days that's all 3 Likes |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Angelfrost(m): 1:36pm On Feb 01 |
Emman08: I just did... Don't be cowardly to say the truth. Who else has access to Billions worth of Dollars if not the same people in power and their political cronies?!! Who shares Millions of Dollars during Primaries to delegates?! How many millions of ordinary Nigerian citizens have access to the level of foreign currency to destabilize the nation's economy?!! I don't chase shadows... I say the truth as I see it. 5 Likes 1 Share |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Cj4charles(m): 1:37pm On Feb 01 |
ajimo54:they've been there before this so called Government came into power and everything was stable prior to 2015, so tell me what now changed |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Hoelujohn: 1:37pm On Feb 01 |
Favourchris:Can't it get to say 1 million naira to 1 USd. Werey |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Angelfrost(m): 1:38pm On Feb 01 |
Coolestguy2023: Who owns and operates the BDCs?!! Who gives them Dollars in the first place?!! What caliber of people have the means to patronize such black market operators?! Where does the buck stop?!! Learn to ask the right questions and point the right fingers. The rot in the Nigerian system lies at the feet of those you elected into government and their friends. 3 Likes |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Splashme: 1:47pm On Feb 01 |
Terrible 1 Like |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Emman08: 1:50pm On Feb 01 |
Angelfrost: Keep rambling bro. I am defo not your problem |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Angelfrost(m): 1:52pm On Feb 01 |
Emman08: Rambling?!! Yeah... You are truly unworthy. |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Emman08: 1:53pm On Feb 01 |
Angelfrost: Don't do drugs kids. |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by goody234: 2:01pm On Feb 01 |
What is the obsession with dollars self, people are just buying to hoard it... you are buying at a very high price naira will appreciate and people will lose out 2 Likes |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Favourchris(f): 2:01pm On Feb 01 |
Hoelujohn: Werey indeed. When BDC close, what do think that will happen to supply and demand is still going higher. Abi u think because CBN ask bank to sell dollar they will sell to u, they will sell to politicians and fellow banking executives. Make una dey deceive una self, with the dullard una put for Aso rock 1 Like |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Cool83(m): 2:06pm On Feb 01 |
Grace001: |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Revolva(m): 2:06pm On Feb 01 |
shiwex: God bless you brother , you see how a sincere and a patriotic nigerian suppose to reason My brother these people will suffer hen , the pains in d society is way heavier now on all nigerians and these things just some greedy selfish senseless people caused it |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Abufo: 2:08pm On Feb 01 |
WhisperedNoise: |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by goodlife4every1(m): 2:10pm On Feb 01 |
GorgeousAF: Imagine that song then, still relevant today! We have not progressed as a nation one bit... 1 Like |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by shiwex: 2:18pm On Feb 01 |
Naira devalued second time in two months..... |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by BreconHills(m): 2:20pm On Feb 01 |
nairalandkachy1: Don't let them deceive you. This is not to help prices. It is simply a circuit breaker against a run on the USD caused by supply. This is the same thing that happens when prices fall too fast on a stock exchange - they may close for one or two days to take the steam out of sell orders. BDC are in trouble. The real enemies of Nigeria have shown their hand. Nothing will make CBN rescind the order to offload 80% of their fx and to enable banks sell at street rates. 2 Likes |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by badoh(m): 2:23pm On Feb 01 |
WhisperedNoise:Even if he resigns today, who do you think can salvage this country? The Citizens themselves are not helping matters, always looking for loopholes to game the system. Nigeria needs strong institutions to get back on her feets. 1 Like 1 Share |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by doncartel: 2:28pm On Feb 01 |
We are witnessing first-class chicago economic management. But seriously, this is a disgrace to Chicago. |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by codemaniacs: 2:34pm On Feb 01 |
shiwex: No true and sane Yoruba person will ever write what you wrote and no true and sane Yoruba person will ever vote an Igbo politician to be president. Stop claiming to be Yoruba just to get likes and embrace your own ethnicity. 2 Likes 1 Share |
Re: Customers Stranded As Bdcs In Abuja, Kano, Lagos Shutdown Over Dollar Spike by Newton1045: 2:37pm On Feb 01 |
shiwex: Why do we blame common man for every woe Tinubu rigged himself in, vote doesn't work. I stay in a place where nobody vote for apc but people from the south kept blaming us dat we voted APC IN. I Voted labour, but I ve some hope in tinubu to turn things around. The havoc buhari left on ground can never be corrected in 10yrs by even Peter Obi. Lets work and hope for Nigeria 2 Likes 1 Share |
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