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Business / CBN formalises dollar sales to BDCs as naira improves by ChangetheChange: 5:55pm On Feb 27
The Central Bank of Nigeria has announced plans to sell forex to bureau de change operators at N1,301 per dollar.

The decision, which aimed to enable the sale of foreign exchange to BDC operators to meet the retail demand for eligible invisible transactions, was contained in a statement signed by Hassan Mahmud, a director at the Trade and Exchange Department.

The statement explained that CBN made the decision after observing the continued price distortions at the retail end of the market, which, according to them, is feeding into the parallel market and further widening the exchange rate premium.

Following the ongoing reforms in the foreign exchange market, aimed at achieving an appropriate market-determined exchange rate for the naira, the Central Bank of Nigeria (CBN) has observed the continued price distortions at the retail end of the market, which is feeding into the parallel market and further widening the exchange rate premium.”

“To this end, the CB has approved the sale of foreign exchange to eligible bureau de change (BDCs) to meet the demand for invisible transactions. The sum of $20,000 is to be sold to each BDC at the rate of N1,301/$1 – (representing the lower band rate of executed spot transactions at NAFEM for the previous trading day, as of today, 27th February 2024),” said the CBN statement.

It added that all BDCs should sell to end-users at a margin not more than one per cent above the purchase rate from CBN.

“All eligible BDCs are directed to make the naira payment to the designated CBN foreign currency deposit naira accounts and submit confirmation of payment, with other necessary documentations, for disbursement at the appropriate CBN branches – Abuja, Awka, Lagos and Kano,” the apex bank stated

https://gazettengr.com/cbn-directs-bdcs-to-buy-forex-at-n1301-per-dollar-sell-at-1-profit/

15 Likes 4 Shares

Politics / Re: PDP To INEC: Fix Date For Election Into Vacant Rivers Assembly Seats by ChangetheChange: 9:49pm On Dec 13, 2023
grin grin
E don cast
The foolish lawmakers allowed Wike to lead them into a trap
Politics / Re: Rivers Lawmakers Whose Seats Were Declared Vacant Lack Sound Legal Advice–falana by ChangetheChange: 9:33pm On Dec 13, 2023
grin grin grin
E don cast
Same thing Obaseki did to Oshiomole lawmakers some years back by declaring their seat vacant.

208 Likes 9 Shares

Politics / Re: Who Will The North Vote For If The Election Is Repeated by ChangetheChange: 9:22am On Mar 03, 2023
Atiku

1 Like

Politics / Re: PDP Planning Chaos, Labour Party Mobilising For Another ENDSARS- APC by ChangetheChange: 12:45am On Feb 27, 2023
christopheojo:


There will be interim government headed by a civilian but back by the military because of international community so the military wouldn't want to be directly involved...... Please nobody should ask me the source.
correct
U head dey there my brother
Military backed Interim government loading

2 Likes

Politics / Re: PDP Planning Chaos, Labour Party Mobilising For Another ENDSARS- APC by ChangetheChange: 12:14am On Feb 27, 2023
APC has lost this election, they are banking on rigging the election and election manipulation,as Tinubu has said on Saturday.
Military have already been given go ahead to take over Government and form an interim government, Rather than allow rigging and election manipulation to take place
Nigerians welcome to Military Government and interim government in the coming days ahead
Who do anyhow, go collect anyhow

8 Likes

Politics / Re: Inec Office In Kano On Fire Over Election by ChangetheChange: 2:43pm On Feb 26, 2023
Ganduje desperate fool
Kwankwaso has won Kano state, and th result can't b changed

6 Likes 1 Share

Politics / Re: Atiku Wins 18 LGA Announced In Osun by ChangetheChange: 2:41pm On Feb 26, 2023
Tinubu winning margin in the south west is very poor compared to Atiku winning margins in North West and North East and Obi's Winning margin in South East and South West

134 Likes 13 Shares

Politics / Re: Atiku Has Secured 25% In More Than 25 States by ChangetheChange: 1:59pm On Feb 26, 2023
Asgard13:
That’s confirmed…

What’s the update on Jigawa ?

Kastina and

Kebbi..

Atiku won Jigawa, Kastina am Kebbi,
Kwankwaso won Kano state
call anybody living in those states to verify
Tinubu is winning only South west
Atiku has crushed Tinubu and demystified thoseNorthern APC Governors in the North East and North West

1 Like

Politics / Re: Atiku Has Secured 25% In More Than 25 States by ChangetheChange: 1:50pm On Feb 26, 2023
Atiku North East and North West votes will silence all the doubling Thomases

1 Like

Politics / Atiku Has Secured 25% In More Than 25 States by ChangetheChange: 1:48pm On Feb 26, 2023
in confident lead in the polls.

The presidential candidate of the Peoples Democratic Party, Atiku Abubakar has secured the constitutional 25% requirement spread in 25 states of the federation and in poll position to win the presidential election.

The results coming in from the Southern region of the country shows that Atiku Abubakar is in clear lead and the 19 Northern states have as well stood by Atiku in ensuring that they all deliver him at the poll.

Details shortly

https://leaders.ng/2023/02/26/breaking-atiku-becomes-1st-candidate-to-secure-25-in-about-25-states/

1 Like

Politics / Re: Atiku Won A Local Government In Osun State by ChangetheChange: 1:42pm On Feb 26, 2023
kcnwaigbo:

It's actually Osun
Regardless, Atiku is doing well in Yobe and Borno against all expectations
Politics / Re: Atiku Won A Local Government In Osun State by ChangetheChange: 1:38pm On Feb 26, 2023
Not just Osun state , Atiku is slightly ahead Tinubu in Yobe state against all expectations, call anybody over there to confirm.
We told Tinubu supporters that Atiku has already won Kaduna, Kastina, Gombe, Bauchi,Kebbi, Adamawa, Sokoto, Zamafara and Jigawa, they are still arguing with us.
INEC official announcement by 6pm will put an end to dreams and hallucinations of Tinubu and his supporters that were thinking Tinubu would defeat Atiku in the North East and North West

1 Like

Politics / Re: Kastina Election Results State Collation Begins by ChangetheChange: 12:44pm On Feb 26, 2023
Atiku takeover

2 Likes

Politics / Kastina Election Results State Collation Begins by ChangetheChange: 12:37pm On Feb 26, 2023
Atiku has also won Kastina comfortably.. Quote me

1 Like

Politics / Re: Celebrations Has Already Started In, Atiku Abubakar's House by ChangetheChange: 12:07pm On Feb 26, 2023
drlateef:





Fake celebrations. Tinubu has won as at this morning. But Tinubu is wise. He will not celebrate until official results are released. But from reports of polling agents, Tinubu has won with massive margin and no rerun will happen.
Are u ready to bet 1 million naira.
I repeat Atiku has won North West and North East.
Tinubu has only won South West
Obi leads in the South East have been cancelled by votes in some states like Gombe, like we predicted.
In more than 20 local governments in states in the North East and North West, Obi didn't get 1 single vote.. Quote me again.

2 Likes

Politics / Re: Celebrations Has Already Started In, Atiku Abubakar's House by ChangetheChange: 11:49am On Feb 26, 2023
olgaa14:
So 9 northern States will make atiku win,you must be joking
Atiku has won Osun State
Atiku has gotten more than 25% across south west, should I continue , you will cry more, when INEC start announcing results.
Atiku Total votes margin in Gombe sate alone has cancelled Obi's vote margin in 3 states in the south east.. Quote me again
Tinubu is winning only South West... Quote me again
Tinubu lost North West and North East woefully than expected
Northern APC Governors failed Tinubu as predicted.
Tinubu has no path to electoral victory

10 Likes

Politics / Re: Celebrations Has Already Started In, Atiku Abubakar's House by ChangetheChange: 11:46am On Feb 26, 2023
Any Tinubu will to bet with me kindly indicate
I repeat Atiku has crushed Tinubu and Northern APC Governors in the North West and North East.
Kwankwaso won Kano only

5 Likes

Politics / Celebrations Has Already Started In, Atiku Abubakar's House by ChangetheChange: 11:44am On Feb 26, 2023
Atiku is the Next President elect of Nigeria... Quote me when INEC announces official results from all states.
Atiku has crushed Tinubu in the North West and North East .
Atiku has won Kastina, Adamawa, Kebbi, Gombe, Bauchi, Zamafara, Sokoto,Kaduna, Kastina with very high margin... quote me again, any Tinubu zombie ready to bet with me should indicate.
Northern ApC Governors couldn't deliver their States to Tinubu
Obi is coming third position
Hate it or Love.. Atiku Abubakar is the President elect of the Federal Republic of Nigeria

3 Likes

Politics / Re: Atiku Abubakar has just Cast his Vote by ChangetheChange: 9:36am On Feb 25, 2023
Xmx
Politics / Atiku Abubakar has just Cast his Vote by ChangetheChange: 9:33am On Feb 25, 2023
Atiku has just finished casting his vote in his polling unit.

Politics / Re: Why Are Polling Units In The South Scanty While North Full And Crowded by ChangetheChange: 9:27am On Feb 25, 2023
HeartlessMan:
The average Southern man is a coward while the average Northerner is ready to die for a cause.

Cowards make a lot of noise, real killers are silent.
grin grin grin
Southern youths that have been shouting Obi for President, are busy playing football, while Northern youths are already on the queue waiting to votes

6 Likes

Politics / Re: Why Are Polling Units In The South Scanty While North Full And Crowded by ChangetheChange: 9:12am On Feb 25, 2023
Massive turnout again of voters in the North, yet southern are refusing to come out to votes as usual and will complain for another 4 years

1 Like

Politics / Re: INEC - Election Has Started by ChangetheChange: 8:54am On Feb 25, 2023
Congratulations to President elect of the Federal Republic of Nigeria Atiku Abubakar

Politics / Re: I Am Willing To Bet 200k That Tinubu Will Be Humbled In Northwest And Northeast. by ChangetheChange: 11:05pm On Feb 24, 2023
You don't need tort
That is the reality on ground
Atiku will win North West and North East

10 Likes 2 Shares

Politics / Re: APC Denies Suspending Senator Orji Kalu, Says PDP Behind Fake Story by ChangetheChange: 3:58pm On Feb 24, 2023
grin
APC and confusion

1 Like

Politics / Re: Northern Imams Association Of Nigeria, NIMAN, Endorses Atiku by ChangetheChange: 3:40pm On Feb 24, 2023
It Is as good as over for Tinubu Presidential ambition, he can't even get up to 30% of North votes anymore tommorow
I have said it countless times more than Half of APC Governors are also working for Atiku

25 Likes 2 Shares

Politics / Myetti Allah Nationwide Endorses Atiku by ChangetheChange: 3:36pm On Feb 24, 2023

Politics / Re: Miyetti Allah Nationwide & Northern Imams Association Of Nigeria Endorse Atiku by ChangetheChange: 3:30pm On Feb 24, 2023
Skdk
Politics / Re: Miyetti Allah Nationwide & Northern Imams Association Of Nigeria Endorse Atiku by ChangetheChange: 3:30pm On Feb 24, 2023
Ezeama400:
I thought they supported Tinubu in Nov last year?

Abi money don finish ?
Myetti Allah collected Tinubu's money and dumped him
Tinubu is a cash machine spending money foolishly fo cheap endorsement

4 Likes

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