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Is This The Death Of Bdcs/black Market? - Politics - Nairaland

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Is This The Death Of Bdcs/black Market? by olaNL: 7:25pm On Feb 20
With the recent policies like merging the rate of official and parallel market, paying out foreign inflow in its naira equivalent and stopping cash payment for PTA/BTA, one can easily conclude that they have restricted forex going out to the BDCs which is one of the cause of the current forex crisis.

With all these done, the CBN only needs to take a few more steps like allowing payment for foreign goods/service directly from personal / business accounts at the prevailing rates and that will kill the demand for forex at the parallel market.

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Re: Is This The Death Of Bdcs/black Market? by malali: 10:18pm On Feb 20
olaNL:
With the recent policies like merging the rate of official and parallel market, paying out foreign inflow in its naira equivalent and stopping cash payment for PTA/BTA, one can easily conclude that they have restricted forex going out to the BDCs which is one of the cause of the current forex crisis.

With all these done, the CBN only needs to take a few more steps like allowing payment for foreign goods/service directly from personal / business accounts at the prevailing rates and that will kill the demand for forex at the parallel market.

BDC's need to be regulated.
The Senate should have gone into action, I wonder why they are leaving everything up the president.
They are the lawmakers, they should have invited the representatives of the BDC and asked them tough questions, in view of all Nigerians,
Who are your customers? How much do you change on average, how do you move funds around the country, where do you get new forex from, how do you infuse the money back into the system.
What measures do you take against dirty money or laundered money ?

They are allowing people to run around , without regulation and they are surprised the crime is high.

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