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Nairaland GeneralRe: Money Transfer Service To Nigeria Suspended By CBN by ilovmacontri: 2:39pm On Aug 05, 2016
why is everybody crying, no body cares to look at the brighter side.
Yes I was affected by this as well because I will no longer enjoy the high exchange rate offer by Worldremit, but if truth must be told this foreign mobile operators like world remit had encouraged boom in black market business in Nigeria.
The representative of world remit in Nigeria, are also representative of Black Market Economy.
Simple Arithmetic will reveal the truth on how this mobile operators caused Naira Inflation, Naira Depreciation etc
One question any body that is smart will ask is, how do world remit agent gets the High Naira Exchange they pay to the customers, the simple answer is to recycle our money in Black market, make more profit then pay you high. Now everybody is satisfied, no complain but people living in Nigeria, civil servant, traders etc will pay the great price of Inflation caused by money recycle.
Finally, every business establishment aim is to make profit but not to the detriment of our country economy.
Please think twice.

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