₦airaland Forum

socialmediaman:
Tinubu has built Abuja!

Congratulations!

coolgb:
Congratulations
Your wailing remains 7 years from this month.

MrEverest:
Bastard he-goat and the barbarians follow him are so foolish. Someone’s $250 million dollars investment was arbitrarily destroyed out of sheer wickedness in Lagos. A concerned Nigerian who felt pained, just like many sane decides to warn people that Lagos is obviously not safe for investments.

How is that bad? So, people should continue investing so that criminals like Tinubu and his puppet in Lagos will continue to destroy them??

I spit on these fools.

Ikaeniyan0:
The $200 million investment by Landmark on public property.

Urheadmaster:
Expressway no side walk no bicycle lane and some people are applauding the rubbish

nedu666:
And those who abandoned the east west road are friends of the Niger delta

9jatriot:
One of the key importance of this road that I have not heard anyone mention is that it will take the tankers that go to buy petroleum products from Dangotte away from the regular express roads, for at least a major part of the road depending on where the trucks are going to.

The second question as to why they are not starting from Calabar I believe was already answered by the minister where he already said, the Calabar end will start in October also.

This project by the grace of God will succeed, naysayers can keep their negative energy to themselves.

mrvitalis:
Yes ooh

75 billion for SMEs
20 billion for students
800 billion for 56km road with no economic return value what so ever

Then we wonder why dollar keep raising, GDP keep dropping

I have said it, corruption aside, tribalism aside, nepotism aside

APC at their best dont understand the basics of economic development

CBN sells fresh dollars to BDCs at N1,021/$

The Central Bank of Nigeria (CBN) has issued a circular announcing fresh sales of $10,000 to each licensed Bureau De Change (BDC) operator in the country at N1,021/$.

The BDCs are directed, in turn, to sell to eligible end users at a spread of not more than 1.5 per cent above the purchase price, translating to a maximum selling price of N1,036.15 per dollar.

This marks the second of such direct sales to BDCs this month and the fourth in the current year, indicating that the apex bank is proactive in managing the fluctuation of the Naira and meeting the essential foreign exchange needs of the people.

The CBN outlined the details of the sales in a circular addressed to the president of the Association of Bureau De Change Operators (ABCON) and urged the BDCs to play by the rules.

The CBN’s intervention aims at addressing the retail-end market, particularly for invisible transactions such as travel allowances, tuition fees, and medical payments, etc.

The circular states in part, “All eligible BDCs are therefore directed to commence payment of the Naira deposit to the under listed CBN Naira Deposit Account Numbers from today, Monday, April 22, 2024, and submit confirmation of payment, with other necessary documentation, for disbursement of FX at the respective CBN Branches.”

On April 8, 2024, the CBN sold $10,000 FX to each of the 1,588 participating BDCs at a fixed rate of N1, 101/$ at a spread capped at 1.5 per cent above the purchase price from the CBN.

Also, the CBN, in February 2024, announced the sales of $20,000 to each BDCS at the rate of N1,301/$.

Kewtt:
It's a loan. They pay back. It's no subsidy. In fact private university students may pay back faster than public uni ones. If you default na jail get you o