₦airaland Forum

arsenal1:
The official rate is N197 per dollar. And who told you is bad market to BDCs? It is better for you not to comment if you don't know the operation of BDCs.

It is bad market. BDCs in the past were focus on laundering money and a major problem in dollarizing our economy. That was why the CBN requested that all BDCs recapitalized to weed out the unserious ones. Secondly, the CBN reduced the amount being sold to BDCs and instructed Banks not to sell directly to BDCs.

In just a few days of Banks voluntarily not accepting dollars/foreign currencies, the naira has appreciated in the parallel market. I bet you, there would further appreciation because the dollar has been rendered virtually useless in Nigeria, except BDCs operating in Nigeria would start selling to neighboring African countries.

The CBN must refocus its strategies on cashless policy. Our dependency on cash is huge. We must embrace wire transfers/cards and online payments for business transactions

NgeneUkwenu:
Yes through Form A or Form M! That is exactly what CBN wants to achieve with the new policy.

Actually if you read the directive you will observed that it was initiated by banks and not the CBN. The CBN only welcomed it since banks, on their own, stop receiving foreign currency deposits.

YerYer:
Naira won't appreciate due to this, it will only cause an abundance of dollars which will result in a pseudo depreciation of dollar.

Well the scarcity of dollars is what has made it appreciated to 230 per naira. The official rate is 190 per naira. Now that there will be excess dollars in the system, the naira will strengthen against the dollar in the parallel market (black market)

Bad market for BDCs and Mallams

mavinc4u:
How would people coming into the country from another country be able to change their currency since nobody would be accepting it here?

Why is bank card rate going up instead of coming down like parallel market and why is official rate still stable at N199? I still find it difficult to understand the joy in this news.

Foreigners from other country do not utilize cash so much like Nigerians. We just love our cash

atlwireles:
Thousands of Nigerians living outside the country send products to their business partners and family members to sell on their behalf, thereafter return their monies back to them. This policy is going do damaged to these group of people. Many small import businesses have already been excluded from the forex market, even though their products are not prohibited, how will they make payments for products around the world?

This is another knee jerk reaction from the CBN, which will do the Naira and the economy no good.

I have concerns too. I think the CBN needs to educate the public. In a view of curbing money laundering, this directive is a welcome development, but my concern is for legitimate businesses. This also means if you travel and bring back dollars, no need keeping them or spending it here because it is useless

Talibanis:
Yes

I am acquiring a 4.4m and im told i won't get sky uk. The pictures are very sharp

Talibanis:
Yeah!

How about Canal+?

Talabanis it seems you can get sky italia with 3.4m dish

You are a good sales person. Your style is quite different from others, rather than upload the dish pics, you uploaded the outputs and likewise reduce the cost of the dish. If I had not made arrangement for my dish, I would be giving your post some serious consideration.

You can do more by uploading more outputs, including sports channels. I am certain your dish would leave you soon.

Premium times you guys are doing a good job

1toRtoiSe1:
@OP

Stop posting pictures of neighbourhoods in anambra making it seem like the government that got inaugurated last year was the one that built the houses own by individuals.

Nice dream.

Akwa still remains one of the most disorganized state capital in Nigeria. In short, with the exception of Enugu, all the state capitals in the south-east are disorganized and poorly planned. This is as a result of myopic leaders in the south-east. The only glimpse of hope is obiano. The rest are stooges

Happiness87:
if you know how much money Gej has pumped into the army aside from statutory allocation from budget. you will cry.

Bh is political and religious.
Army Generals used it to amass wealth. Army is compromised, if you see the letter Obj wrote to Buhari, you will know.


pray buhari will take the challenge and face the sponsors.

i have enough evidence to prove that chibok girls kidnap was planned and Bornu elders and state governments were aware

Then what went wrong? Why were the arms not given to the military? Why were innocent lives that could have been saved slaughtered? We need to understand what went wrong. We cannot continue our lives like this with little regards for humanity.

Right thinking set of people. This should be pursue to closure. Former president Jonathan must respond accordingly why the soldiers were poorly equipped. Badeh must also be brought to an enquiry for further interrogation. Innocents lives were lost whilst some wicked leaders were playing politics with people lives

A 1920 report. I believe the experience gained by PMB as a former dictator is useful

This is nothing but pure stupidity that requires serious medication. The appointment of any individual does not profit or benefit his tribe, village, ethnic group or state of origin. It only benefits him, his family and friends, who also happen to be from other tribes. Can we stop this madness and rather criticize the president on serious matters

acidtalk:
I still pity those who are vouching with their lives that Buhari won't perform when deep down their hearts they know he will be the best president Nigeria has ever had since 1985.


I WILL SWEAR WITH BARCANISTA'S LIFE THAT BUHARI WILL TRANSFORM MAJOR FACET OF NIGERIA WITHIN A YEAR AND SIX MONTHS.

Is he not doing that already - there is regular power supply in all part of the country. Funny enough, it is still the same 4,000MW that is being generated.

Truly1:
I don't know why, I just don't like the sight of big dishes from 3m and above, its like heaven wants to fall. I think from technology point of view, there should be a paradigm shift to smaller dishes with the maximum pegged at 2.4m. I remember in those days Big and heavy televisions were the ones in vogue but now things have become smaller, stronger & better so satellite dish manufacturing should not be an exception.

I agree with you

I do not support this due to the last experience with GEJ. It must be thoroughly confirmed that they are truly Boko haram members. Though it is obvious that Boko haram do not have the enough fighting power, we should be cautious to deal with the deadly radical sect

Buhari must constitute an economic team. We cannot wait because this is very important. An economic team must not be business moguls or politician, infact I don't like the idea of those two groups as they act selfishly. The team must be economic scholars and academics who have demonstrated competence and have good ideas to move this country forward

NLC just waking up from its slumber. If this civil organization was patriotic and sincere with its course, the level of corruption we would have not seen this level of corruption in our country. Rather than go on strike over increment of fuel prices, this organization should have been requesting for good governance, transparency and accountability. Where all these are not obtainable, then strike action should take place

El-rufai, I also visit port harcourt frequently and I don't see any transformation. Let's just be honest, despite the fact we all wanted PDP out of power

Where is the whistle blowers Act promised by Buhari. This man's bravery should not go down the drain. He needs to be protected. I could read fear and the urgency to disclose quickly from his letter.

Jimoh Ibrahim must be brought back to answer this petition. If he is also sick, both him and his doctor should be given a first flight ticket to Nigeria

These men just don't stop amazing me. Is he not up to 70?

He was sincere about his visit. Cut him some slack. Ain't we all fans of European clubs?

This is a very painful news to read. I rushed with excitement and no names were released.

Total trash. Poor journalism

Amaechi's god must be wonderful.

Why two (2) consulates? That means two (2) ambassadors - Come PMB what do you mean?

odilibe:
start with materials used..compare galvanized steel/pan dish vs steel local made dish which one can easily rust..compare the most with accurate focal length!..smooth dish surfaces on foreign pan/galvanized dish vs steel local made dish of same size..then check the results!however try to appreciate your local made satellite antennas...etc

Well, I think improvement can be made if clients can channel positive criticism to the local manufacturers. We must learn to encourage our own and reduce our dependency on foreign products. See the effect it has on our naira.

In terms of focal length, a good physician/engineer can easily get this right and instruct the local fabricator on what to do. In terms of material, pan dish, this is the easiest of all. A good machine can sort it out.

Emma, with your contribution on this thread, by now you should be able to produce high-quality dish. I know you can. My other concern is actually making the dish smaller rather than recommending bigger dish. I know this is achievable, it only requires deep thinking.

cremedelacreme:
Proudly 5%. Buhari can shove the 97% up his arse.

Do your maths - 97 + 5 = 102

This is a shame. I think the Police needs reform. I understand that at the moment, the country is in dire need of funds, especially stolen funds. Arase should meet with the president and offer plans to self-finance the police on some projects, whilst the government continue to pay their salaries. The police can start up a debt recovery service, but the problem is the corruption that will be perpetrated. However, these funds can be used to finance projects like barracks, relief funds e.t.c

Wow... something must be wrong there. That is a key staff which may hamper potential earnings. If the CFO is resigning, then something is wrong with the strategic implementation plan of the Board of Directors.

Chiaka:
Hmn! make them no chop people money sha!

I just pray.