₦airaland Forum

alaamword:
In a statement released on its website today, the Central Bank of Nigeria CBN, has asked Nigerians seeking to buy forex for BTA, PTA, medical and school fees but are being frustrated by any bank, to call this number 07002255226 to report such bank.
According to the statement, some Bank customers have complained that since the apex bank issued a directive that banks should sell forex at N360/$1 to its customers, some of the banks have refused their request for FOREX, saying they do not have enough foreign exchange. CBN says this is a lie as the banks have been adequately supplied with forex. Read the statement below
Information reaching the Central Bank of Nigeria (CBN) reveals that some customers seeking to buy forex for BTA, PTA, medical and school fees are being frustrated by some banks with the false claim that the CBN is not allocating enough forex to them for BTA, PTA, Tuition and Medical fees. This claim is totally untrue. All banks have more than enough stock of forex in their possession for the purpose of meeting genuine customers’ demand for BTA, PTA, tuition and medical fees.
Indeed, on a weekly basis, the CBN has been selling at least $80m to banks for onward sale to their customers for these invisible items. Members of the public seeking to buy forex for the above-mentioned purposes are, therefore, advised to go to their banks and obtain their forex.
Any customer who is not attended to within 24 hours for BTA/PTA or 48 hours for tuition and medical fees should call 07002255226 or send an email to cpd@cbn.gov.ng , with the name and branch of the non-cooperating bank. Furthermore, no customer should accept to buy forex from any bank at more than the CURRENTLY prescribed rate of N360/$1.

http://screengist.com/2017/03/31/cbn-asks-nigerians-to-report-any-bank-that-fails-to-give-them-forex-within-24-hours-of-request/

Super story thieves . U guys know the Banks.

Zealoy:
For Accidented car? Bros fear God even if is small na haba the air bag might have blown o

THis is the problem with some of us, look car, if U no like pass,
The guy is at least Honest to show it as damaged, he has put his price there, who wan buy make dem buy,Unlike some dealers here who will repair this same car and say first body no accident blah blah blahhhh
OP abeg fire down.

Teewhy2:
What is the update on the naira-yuan swap deal, assuming that is working demand for dollars will reduce as 30-40% of our products and raw materials come from China.

That was DEAD ON ARRIVAL.Only fools believed in it

dre11:
http://punchng.com/forex-manipulation-efcc-invites-more-senior-cbn-officials/

About time, these are the real thieves holding the nation to randsom

uchman:
Hello house,
Please while using my car ac
I will be noticing some air coming out on some part of my ac vent...
What possible could be the issue?

well the vents pipes are displaced

piagetskinner:
the last I checked it is the CBN that sells dollars to the bdcs....and don't u know that these bdcs are owned by politicians whose aim is to repeatedly rip nigerians off...I'd say the bdcs are an unnecessary clog to the fx inflow

Ok I take it you don't know the BDC owns more than 100 outlets in the uk ?
The law here states that of you do not turn o er more than £64k a year you do t need to register as a mo Eu Biz.
So.imagine how much they generate from UK alone

piagetskinner:
one if the solutions is to scrap bdcs....they are the major problems to bringing about stability in the fx rate

Ok if you scrap BDC what happens if the banks and CBN can't provide for All of our forex needs ?
Do you think the only source of forex for the BDC o's the CBN ? ?

Billyonaire:
In essence we have distributed the avenues of corruption. Those who cant afford to own banks, own BDCs where documentations can be cooked.

Do U know these BDC s ha e branches in Europe all over ?
In London alone they have more than 100 agents working for them.Thier rates are way higher than western union or money gram amd the banks here . Theye will generate more than $100k in a week so that $10k the CBN proposing is child's play .

MadCow1:
I use to think the Banks were the best way to distribute dollars until I realised that the banks were worse than the BDC's.

This was the point I tried raising . My own money $5K . 5 hey refuse to give me physical $the offered me Naira equivalent and at 5 he so called official rate . I told them to hold on.The claim they do not ha e $left.it's come today come 2morrow go this branch go that branch for my few holidays I gt left .

Billyonaire:
How many Economic Modules have you studied ? And which countries are Case Studies of your research. I am doing extensive work on this, and there is no country in this world where BDCs were not introduced for the sole purpose of round tripping, Auntie Sandy, Ponzi schemes and Fraud by the owners of the countries. There is so much money in this country outside of the banking sector that must always been washed and cleaned and recycled, then flown in private jets to safe heavens. There is no role that the BDCs play, that banks can not and has not been playing.

It is all fraud by the owners of the country who sit in their poolside to buy dollars at cheap prices and sell them at high prices, while you ignorant people work 9-5 daily without meeting your ever increasing needs.

Keep supporting them instead of joining the fraud or fighting against it.

Well to.answer you question.
Case study one USA
Case study two UK
We have loads of BDC in the uk established by an act . I'm at work so I cnt give u exact citation but promise when I get home .
In the UK we have
Marks amd Spencer
All commercial Banks
Royal Mail
All travel Agents etc
Full list in London
https://www.allinlondon.co.uk/directory/1062.php
Thier rates changes within seconds and it's decision for changes is tied to forex trade from the stock exchange .
Every one in the UK who owns a bank account in the UK and has a mortgage by default is economicall litrate cos rates affects you directly one way or the other .
In Nigeria when forex is mentioned everyone turn to BDC . The government should have no biz with BDC they should be allowed to fund themselves . The CBN should concentrate on the general public and support the Banks instead . This is what we do in the UK .
PS I ha e to send money to Nigeria every now and then so I ha e to shop for the highest remitter

felixomor:
Trying to open another doorgate...
Bdc matter will not allow u pple to rest from....

Soon parallel dollar rate will go up again....

It's up already it has gone up two times already b4 12 noon today . I got alert from my agent two times .

Billyonaire:
Only country in the world where FX rates are regulated by wasting more money to stabilize into of altering economic policies and dynamics that established BDCs in the first place.

Kick all BDCs out of business and allow banks handle banking. But they won't do these, because the BDCs are owned by surrogates of Federal Politicians.

The wise will continue to impoverish the foolish.

I don't think that is wise.BDC have thier own role to play

Adesiji77:
http://nairametrics.com/cbn-approves-10k-per-week-fx-sale-to-bdcs/

And there goes a country . Ni wonder the POUND gained N20 today to make it N4 60.

slysteel:
I can bet my life that the girls are edo girls,i live in Europe and can tell that 9 out of 10 girls crossing into Europe like this are from edo,edo families are the only nigerians that sponsor their girls to go do prostitution and send them money,so shameful.

So no other tribe does same thing

centboy123456:
u re right life is all about risk as am talking to u am about to go to north Africa to get to Europe by land I don't mine if I die

Is better you swim from lagos to Spain

DivneFavour:
Success is for those who are ready to take and face the risk involved. You make it, you are great. You die trying, well we will just say RIP. And life goes on for the living.

That's what many people on here fail to realize . In life you either make things happen or watch others make things happen to be between the fence is to be poor for ever.

austinvsb1:
You Hoarders & speculators should really hold on to your dollars yeah?? Dont worry, dollar will be N3000 naira soon!!! Whatever rebound this is, i can assure most of y'all that in 3 months max, no one would buy your dollars for more than $/N180.

Source: Authoritative!

WHy say Hoarders? why not just say BDC and banks, are they not the ones who sell forex

EgunMogaji:
Boss, I forgot where the baton is now at

I'll need to pick it up soon. Again.

ahaha I kept it under that stair case where Ambode ask me to leave it for you,you will need to grease OC palms to collect it

ANBAKO:
Nigeria is not that backward as you think. People in the engineering sector know very well the importance of scaffolding, rigging and certifications. You don't expect anyone not in that sector to have awareness of these.

Lastly, what is the relationship between scaffolder and riggers?

Rigging in Scalford in is a term used for putting up poles . Ie joining them together just as riggers do in oil wells.I'm hoping U get the gist

wanaj0:
Layman? I laugh. In your haste to post you show lack of understanding of the import of my post.

To break it down for you, cost is the major driver of the construction practices. This cost is both the initial cost of tools and equipment and sometimes the running cost of maintaining them.

Next is the infrastructure to support such construction practices. How many factories are available to properly cut and treat wood in the country?

You use bamboo because it is 'cheaper'. Will Julius Berger do the same? NO. Will the 'usual' client in Nigeria pay for the use of iron scaffolds? How many people in Nigeria are even aware that there are certifications for scaffolders and riggers?

Ideas must be adjusted to suit the environment where you operate.

Bamboo is used in China as we speak for scaffolds.
I dont know why you think bamboo can not be used in JB if deemed fit
Check this out
http://www.dailymail.co.uk/news/article-2290166/Hong-Kongs-ultra-modern-skyscrapers-built-scaffolding-BAMBOO.html

Justbeu:
My car did dis to me on Monday, so pls be sure to wait for about 30minute before u open ur Radiator cap.....#talkingfromxperience.

Sorry bro this is highly graphic . One should always wait for for thee Engine to cool down a bit b4 venturing to open your radiator cover and at that you are meant 2 open in sequence with a wet rag on top .

Truth234:
What did you write fool? I am done with you OLD man!

Kid stop throwing your dummy out of the pram when your sillyness is summed up.u might even B older than me

AareOgbuefi:
I don't know, can I call you plz, your number?

Sorry bro not in 9ja but call GAZZUZ or honmusa .they are capable hands . They will sort you out

honmusa:
Depending on the severity of the overheating condition. We have cases of overheating condition that happened to a lady Honda that was so severed that all the coil got burnt ,gasket has already fried up and the coolant is already seeping though the cylinders .
So it possible if the overheating is very severed especially if the engine block is aluminum .

Oh boi . The light on her dash must ha e been flashing like disco lights but she took no notice .
One of my Engines died like this on my E46 back in the days.The head got fried .

honmusa:
Gasket doesn't just become worn ,it still a symptom of a hidden issue that has caused overheating and resulted to the gasket to be worn .
If you need to confirm the status of your gasket ,u need to get to a tech shop to perform a diagnostics compression test to ascertain the condition of your gasket.
Mind you ,a compression test equipment is not within the reach of ordinary road mechanic .
If you are in Lagos ,call autologic @ 08061166316 for this test and to resolve your overheating issue with guarantee.

Bro quick one . Is there any overheating problem that won't pose a physical symptom ?
PS. Cracked engine wall . I dred that

miqos02:
my car do overheats once in a while, the fan is always working and the coolant level is also in order, what could be the cause?

Do you know if your water pump is working ? ?
Don't 4get the fan do not cool the engine but the coolant does.

AareOgbuefi:
Kazeems have removed it joor, it only overheats when the Ac is on and I'm on high speed

Do you know how to bleed your radiator ? You can check if your water pump is working or not with that.

AareOgbuefi:
I'm having the same problem and it's not the water level

Check if your thermostat is working . Rubish and dirty Job but if you can get your hands dirty then you are good to go

PaperLace:
Which day we go be like you na? I dey hail o...

Like yesterday cos na woman like you born me..I hail U back

PHIPEX:
Point of correction, there is standard credit rating system in Nigeria; Xds, CRC, CRS are all in operation and our banks 're linked up to them

You are not getting it.that's all in papers . Do you as a person have a credit rating ? .I do .

izzou:
Mercedes 190 comes to mind whenever I hear overheating


But modern day cars hardly overheat

I have never seen a Rolls royce or Autobiography overheating before

Any car can overheat if it has any is the stated problem . My Autobiography had an over heating issue cos of leaking coolant . The pressure was low so the sensors could not detect it.the leakage was steam like .