Why is it that any YouTube video.you post, one must carry hand lens to view it? Can't you make large resolution that won't strain people's eyes? Ones I view another video from you and there is still no changes, I will simply blacklist you.
Why is it that any YouTube video.you post, one must carry hand lens to view it? Can't you make large resolution that won't strain people's eyes? Ones I view another video from you and there is still no changes, I will simply blacklist you.
004gist: What about for health. Well one thing you should know is that the government has failed to satisfy or meet the demands for dollar for payment of school fees, importation, health....
People has to go to aboki to get this fund.
When I wanted to travel for education. I opend the form A. Till today the form A has not been honoured. I just left the naira there with them when ever they wish to send the money let them do.
Had to go to aboki to get dollar to meet my educational needs.
What happens to all the dollars they get from crude oil? What happens to all the dollar they get from borrowing.? . Cos they give them this money in dollars.
Babathanks: Do you know that if you want to go to abroad or if you want to do anything in embassy you would need dollar and it is only aboki that can provide you. The bank would never give you. This inhuman policy is just meant for the poor and masses
That is the reason for diplomatic collaboration. This embassies are located in Nigeria. Ministry of foreign affairs can engage them on the need to transact in naira or only allow transactions through banks that will help you convert your naira equivalent to the currency you wish to make payments with at the embassy.
JuanDeDios: Wrong. You're blaming rashes while ignoring the Aids that is in the blood. BDCs have no "mechanism" for rates. Naira rates are determined by market forces.
What is market forces? Hoarding and reselling at higher rates? Or you are paying school fee in Chicago from Nigeria and you are denied payment at the bank? Or you want to import legit and the banks turn you back to BDC. What is forcing you to get dollars? Tell us if not for profit by hoarding and reselling
JuanDeDios: 1. I'm not sure what's biting your bom bom, but I hope you get better soon. 2. I don't know what you mean "you", but it was the CBN that bastardized unification by halting the policy the day $ exchanged for N800. But I'm happy they're back on track now. 3. Nobody "devalued" the naira - that was caused by economic pressures on the currency - due to our chronic failure of governance, which continues today. 4. I have always supported unification and I continue to do so.
Say it in plain terms "Economic pressure" is BDC profit making mechanism not minding the resultant consequences on the naira and the Nigerian economy
BennyDGreat: It's because you are not directly affected. Imagine someone sending you 10kUSD only for the money to be converted to naira at whatever rates the CBN likes....you are calling this robbery a solution...so sad
What do you want to buy in dollars in Nigeria? Yam, agbado or cassava? Or you want to sell the dollar at a higher rate to BDC while the naira suffers
ITbomb: Bank FX rates and BDC are almost the same now, so it won't matter much.
My only issue is that they should leave dom account for people who wishes to transact internationally (send out)
Nigerians should be able to buy and sell internationally with naira through the Banks. Imagine buying an item on AliExpress with your Naira account with your bank app.
004gist: The same politicians will go to the banks and buy the dollars.
How many Nigerians can get access to dollar from the bank. They will frustrate the person with only option to aboki. If the government can service everyone that comes to the bank then no need to buy from aboki
Not everyone needs dollar for legit transactions. Some just want to hoard and resell. Access should be limited to people truly in need of dollars for payment of school fee & importation. Others should settle for Naira. End of story
Paraman: It will work if the bank and black market rate is almost the same
Bank rate should be normal and cheaper if not even 50% of black market. No one with Legitimate use of dollars will approach BDC when you can get a higher value at the bank
obas01: With this new policy dollar will soar higher , expect dollar to soar to 2500 naira( Black market rate) , note these piece and check back if am correct or wrong by December 30th 2024.
Reason(s): Nigerians really heavily on dollars (fx) which are not available at the bank only the aboki come to thier aid, now it will be very difficult for Abokis to get dollars, the Abokis will pay any amount to get it ,And will probably buy at a high price and selling at higher price than they get it 😁 , they must make profit na.
Note: This measure put in place may seems to have correctional effect theoretically but practically not the solution. Because the system is internally damaged,
For solution, I have some ideas .
Then their customers will head to banks with cheaper exchange rate
JuanDeDios: There's a right and wrong way to go about everything. The right way to kill BDCs is to truly unify rates. This new policy won't make a dent of BDCs. Bookmark this.
The unification tinubu did last year, didn't you people bastardised it with further devaluation of the naira so as to continue your wicked profit making without sweat?
The attack will start from the field of play by the referee. If that fails then Nigerians living in south Africa should be very careful with their utterances and behavior for about 3 to 4 months after the match. And if you have a south African girl you are crushing on, that is the period you need to take things very slow.
No joy with those guys seeing you as a treat or a favorite against their wishes in their own country.
RepoMan007: That's if we plant don't cultivate enough. Imagine doubling rice production. That will keep prices considerably low.
Free land, free seed, free fertilizer, free tractor, free CBN grant etc just to produce the most expensive rice in the world? When will you wake up to see that this country is a joke. Fake Rice pyramid for tv show only is what you want to double?
Phraences: The power of the mind. When you feel you cannot achieve something you usually don’t. It seems like Cape Verde did not see themselves going to the semi finals cos i don’t understand this penalty kicks
They never trained for penalty. They believed in their technical European football to get results in 90 minutes
You can't mention the name even when you have facts and figures because this is Nigeria where emefiele is still defending himself in court to prove he is not guilty of any crime.
Heartless Nigerians who are in the habit of inflating price of goods and services at the slightest increase in price of petrol have all gotten more wickedness from this government than what they usually offer Nigerians