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Nairaland Forum / Nairaland / General / Business / EFCC Raids Speculators As Naira Drops To $1,520/$ (15654 Views)
Naira Drops At Parallel Market, Closes 900/$ At Official Window / BDC Operators Caution Currency Speculators As Naira Strengthens Further / FG Moves To Digitise FX Transactions To Punish Naira Speculators (2) (3) (4)
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EFCC Raids Speculators As Naira Drops To $1,520/$ by Racoon(m): 11:34am On May 15 |
Operatives of the Economic Financial Crimes Commission, on Tuesday, expanded its clampdown on Bureau De Change operators, arresting traders in Abuja, Lagos, Kano and Port Harcourt. This came as the naira weakened further against the United States dollar at both the official and parallel foreign exchange markets. The recent raids followed renewed efforts by the Federal Government to tackle the naira’s recent fall against the greenback.https://punchng.com/efcc-raids-speculators-as-naira-drops-to-1520/?amp 2 Likes
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Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by garriAndsugar: 11:41am On May 15 |
Tinubu is a plague sent to Nigeria 101 Likes 6 Shares |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Racoon(m): 11:42am On May 15 |
A super clueless government! Tinubu taxation government will never get sense. 64 Likes 3 Shares |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by maestro299: 11:44am On May 15 |
Clueless government. Propaganda cannot take us anywhere. The way he was shouting 'emilokan' up and down, you'd think he was going there to do something meaningful. Every Nigerian president gives a brief period of of hope when they begin their administration before things go downhill. Tinubu is the only Nigerian president who didn't give the country a 'grace period'. At least Buhari still gave us like a year before he began to punish us. Tinubu right from the day of his inauguration had already started unleashing renewed shege on Nigerians. If this his supposed 'grace period' is as bad as this, imagine how it's going to be this time next year. 87 Likes 5 Shares |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Amigoss: 11:45am On May 15 |
So nor be binance and crypto again U'wa Zaagha,uwagbeho!!!!! Ogun Kee dis govt and Apc 58 Likes 2 Shares |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by TotoIsGud4boy: 11:45am On May 15 |
Dumbos will raid this thread like EFCC to blame this current administration for the weak naira…. It’s like seeing this country fail gives them a high more superior to crack cocaine. Which gender complains the most ? Women!! That’s why the Agulu transgender with a feminine voice was sold on us and failed, hence the teeth gnashing and constant complains on this wonderful administration. Explaining to them the rot tinubu is cleansing in the system will be even easier to grasp by a 5yr old than this pathetic naysayers and sour losers suffering from yEAST infection. They’re still sensible people from the east tho, that despite being somewhat pessimistic just like all of us are (truthfully), still have hope in this administration and are willing to give Tinubu a chance, cos we’re sensible and good people with clean hearts. 5 Likes 2 Shares |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Kpartners: 11:45am On May 15 |
That will never solve the problem We entered one chance, period The raid will just excalate the problem, it will not bring dollar dawn 39 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by sofeo(m): 11:45am On May 15 |
So it's no more crypto disturbing Naira right?. 41 Likes 1 Share |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by stagger: 11:45am On May 15 |
Fake news. Were the reporters on ground to capture the arrests and know that they were speculators? Nonsense! 2 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by DaddyCoool: 11:45am On May 15 |
Only our dear country. Only Nigeria arrests people on the streets when their currency drops! Canu imagine, say, US, arresting wall street traders or ANYBODY for that matter if dollar drops😆 38 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Rebuke: 11:45am On May 15 |
Raiders, continue This government is clueless and trying every possible means to stay relevant. Fuel has remained 1k and above in some places, what has Tinubus' government done about that? Prices of goods are incredibly high because of the high cost of fuel and all they do is give gullible Nigerians false hope. They have achieved their aim of keeping the price of fuel at 1k and as usual, Nigerians have adjusted to the new norm. They keep chasing shadow while leaving the main issue behind. Funny enough, some rat heads still support this government even when it's very obvious it's a clueless government. 39 Likes 3 Shares |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Jeon(f): 11:46am On May 15 |
In my place, two cups of garrison is 50 naira. |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by crossfm: 11:46am On May 15 |
Hehehe. One day market women will be arrested in Nigeria for causing the fall of naira . The blame game continues. 39 Likes 5 Shares |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Lexusgs430: 11:46am On May 15 |
EFCC should stop chasing shadows......... Naira is collapsing due to lack of economic activities + scarcity of forex ........ They should advice FG to fix the positions above ...... 17 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Randal: 11:47am On May 15 |
Good |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Emeka71(m): 11:47am On May 15 |
garriAndsugar:Tinubu is actually doing more harm than good to our economy. 22 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by NinjaMetahuman: 11:47am On May 15 |
They keep chasing shadow. They should go and raid Cbn head office that devalued naira to above 1450 for custom. Nonsense. 20 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Gggjhhj: 11:47am On May 15 |
Ban binance, attack bdc, stop p2p for binance, stop p2p for kucoin, I no understand the colour of there problem, Dem go soon ban Whatsapp 22 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Bitojoe(m): 11:48am On May 15 |
When will this madness stop..... 3 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Everlastingson: 11:48am On May 15 |
Racoon: A n'emegheri, na-akogheri. Tinubu should resign. 9 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Nahunger(m): 11:48am On May 15 |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by alizma: 11:48am On May 15 |
Ok |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Throwback: 11:48am On May 15 |
Keep raiding, but prosecute and jail also. Only foolish countries allow their citizens to hold a forex bank account within the local banking system, not to talk of allowing markets for forex trading in every nook and cranny of the country as though it is a food store. What will it cost the government to shut down domiciliary bank accounts and any form of forex exchange outside of the banks and airports? 2 Likes 1 Share |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Afrobasic(m): 11:48am On May 15 |
Oh, so no be binance again? Incompetent government! 16 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by tnerro1(m): 11:48am On May 15 |
We don tire for this dollar news, people just want to survive this taxation government 2 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Ogonimilitant(m): 11:49am On May 15 |
Using Kinetic approach to bring down dollar is a very useless venture. This shows this Cadoso and Effcc chairman are just buch of illiterate. You want use guns and bullet to bring down the value of Dollar. 20 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Righthussle: 11:51am On May 15 |
Wetin remain na to kuku ban smart phones and laptops make #1 to be equals to 1$. Mumu people. That's was how they were chasing shadows too between 1985 to 1989 when naira went from #0.8 for 1$ to #7.39 for 1$. 1985 $1 = N0.894 (N1.70 Black Market Rate) 1986 $1 = N2.02 (N3.90 Black Market Rate) 1987 $1 = N4.02 (N5.90 Black Market Rate) 1988 $1 = N4.54 (N6.70 Black Market Rate) 1989 $1 = N7.39 (N10.70 Black Market Rate) 16 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Riosystem: 11:51am On May 15 |
We need to focus on manufacturing and production, and reduce our high level of importation. 5 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by princepee: 11:51am On May 15 |
Same tactics yet no results.. Raid BTC, chase aboki FX, attack binance.... let's put politics aside And seek for a quality. CBN chair. Oga governor is confused. 2 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by cmikel: 11:51am On May 15 |
[color=#770077][b]THE FACT IS THAT YOU ARE USING OUR FOREIGN RESERVE TO DEFEND THE NAIRA , YOU USE OUR EARNED FOREIGN RESERVE TO SUBSIDIZE THE DOLLAR PRICE AND SELL IT CHEAP TO BUEAURU DE CHANGE , MAKING IT AS IF NAIRA IS COMING DOWN MEANWHILE YOU ARE ONLY DOING SHORT CHANGING. NOW THAT YOUR TRICKRY HAS COME TO THE OPEN , AND FOREIGN RESERVE IS BECOMING DEPLETED THERE IS NO MORE MONEY FOR YOU TO TAKE FROM THE RESERVE TO COMPLEMENT AND SELL DOLLAR AT A CHEAP RATE , NOW THE REAL SUITATION HAS SET IN DOLLAR IS GOING BACK TO THE ACTUAL MARKET PRICE BEACUSE YOU ARE NOW LACKING THE CAPACITY TO USE RESERVES TO DO SUBCISDIZATION ON IT. IF THIS IS TRUE , ITS A PITY THE ONLY GAME YOU KNOW HOW TO PLAY ON THE CITIZEN IS TRICKERY AND PROPAGANDA. WHICH ECONOMY GROWS BY TRICK AND PROPAGANDA? THEY HAVE ADVISED YOU TO LOOK MORE INTO MAKING THE COUNTRY EXPORT DRIVEN BUT INSTEAD, YOU PREFER A SHORTCUT TO PROVE YOU ARE WORKING MEANWHILE YOU ARE PLAYING TRICKS WITH THE COUNTRY. SOMEONE ONCE SAID YOU SHOULD ALL KEEP YOUR DOLLAR CLOSE , THIS IS BECAUSE THEY HAVE FIRST HAND INFORMATION OF THE TRICKS YOU ARE USING TO MAKE NAIRA LOOK STRONG. WE ONLY NEED MEN OF INTEGRITY TO MAKE THINGS RIGHT IN THE COUNTRY NOT PEOPLE WHO JUST WANT TO OCCUPY POSITIONS . [/b][/color] 7 Likes 1 Share |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by Burruchaga71(m): 11:52am On May 15 |
N2000 loading. What God can not do does not exist. 8 Likes |
Re: EFCC Raids Speculators As Naira Drops To $1,520/$ by NothingDoMe: 11:52am On May 15 |
Lol. As usual. |
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