uvie66:
Even though if i have $20k as a BDC operator i will sell at a rate that is determined by market forces.

femicyrus:

Then go to the bank. You will fill forms tire.
Legit needs for dollar only or else, use Naira for your needs

RealLordZeus:

I understand your concern about arbitrage.
I've had first hand experience with ppl involved and how damaging it is.

However, this floating has caused wahala for nearly everybody

So if we are going to pacify a few for the masses to be okay ..
So be it

femicyrus:

Black market era is gone
Whatever you sell at BDC, transactions evidence must be sent to CBN

donbrowser:


With Binance boys and speculators pushing rate to 2k without any economic activity?

emerged01:

They are registered now,and if they are given forex directly from CBN,that is a way to monitor them.

donbrowser:


You've not been following up with the government's reforms. The BDC is being monitored now and only registered BDC will be able to sell dollars unlike before

donbrowser:


When will you know if it has played out?

Hezzyluv:
Shebi CBN go dey stand dey monitor thousands of BDC guys across the country to make sure they stand by the fixed price

StOla:
Good, but why not N800?

That we still tolerate thousands of BDCs show me that CBN is yet to get serious.

They are even still allowing Nigerians to buy up to $10,000 per year for education abroad with Nigerian earned funds?

Any Nigerian public university has even charged up to $500 equivalent in Naira per year for tuition? Yet we say our academic institutions are dilapidated, but so eager to enable Nigerians freely move out money from our economy to aid academic infrastructure in foreign land.

Is that not enough proof to stop subsiding tertiary education in Nigeria and charge like N4m to N5m per session for post graduate courses while charging N2m to N3m for undergraduate courses per year.

Those who are brilliant but indigent would have scholarship schemes to exploit for their own tuition, while those who are not able to afford the fees and do not have the academic capacity to secure scholarship funding, can always take student loans and pay back over the initial 10years of their work career.


We never ready to be wicked and patriotic in this country to move forward.

donbrowser:


The floating was necessary to get the real value of Naira since previous governments have been defending the naira. Now that they know the value, the next step is to force it down without spending ridiculous amount of money.

olax02:
Dey play. No be Nigeria? BDC see themselves in this game of dollars as a king. Hope they will comply with the directive.

RealLordZeus:
Oh was wondering why usd suddenly drop this morning...

Pls keep it up

This floating policy has caused more harm than intended so let's go back to the fixed regime pls

LegendHero:
Lol, all those who are in the business of sponsoring protests have seen that it is not business as usual during the period of Tinubu.

Tinubu strategically handled all items.

—SE: Normally, Peter Obi/PDP and his gangs of Obedient should have been at the forefront of the protest as opposition. But Tinubu played on their psyche. Prop some people up, then they believe joining protest mean they will be part of people complaining about hunger. So strategically, they are working for Tinubu without knowing. Just feed his ego, and an average Obidient lose his sense of reasoning. Even when parents are now killing kids because of extreme hunger in the SE, Obedients online still believe they are not hungry. What an irony.

—Northerners: In their usual game, they don’t have the moral authority to lead a protest because they know Buhari landed us in this mess and during that period, they failed to protest. So how do you sponsor violent protest when you don’t have the moral support?

—SW: Normally, SW don’t usually speak with one voice coz of 60/40 opposition divide and even if genuine people are protesting, Jagaban people also blended with the crowd and declared hunger and hardship induced by the polices of Tinubu. So when Yorubas themselves are speaking up against Tinubu and complaining of hunger, where is the moral support for opposition to lead a protest? How do you lead protest when the actual people you’re trying to fight against are leading it? So there is controlled protest strategically by same SW politicians to water down effect of any other protest in other part of the country.

—TUC and NLC: Jagaban just try to make sure no amount of protest embarked upon by these guys will carry weight. TUC president saw this and baba backed out of the protest and NLC Ajaero who is another Tinubu tool saw his protest failing on the very first day. An almighty NLC couldn’t even win the confidence of the workers anymore. Ajaero is toothless.

—Police: Usually police are always antagonist of protesters. But the rule play is different now. Police are actually the one cheering with the protesters and even going as far as joining them and providing snacks. So psychologically, the protesters see that the government is part of them. Even if they want to be furious, they will use this to give benefit of the doubt.

Now all this point to one thing. Nigerians believe in Tinubu and they have tried in giving him benefit of the doubt. It’s not like the man jazzed everybody, coz with the hard reforms he embarked on and the hardship that follows it at first, NO PRESIDENT can do this without NLC and opposition shutting the country down. ONLY Jagaban can do that and people will still be patient with him.

Lastly, Jagaban should ensure the promised minimum wage and other intervention come fast. This magic might not last long if people don’t see the promise fulfilled. He is so lucky to have even lasted this long with little nation rocking protest.

lexy2014:


that is not what I asked you.

who determined the rate of N1,301/$1?

is it market forces or CBN?

lexy2014:


who determined the rate of N1,301/$1?

is it market forces or CBN?

richiemcgold:
We should try and read attentively before running to the comment section. Based on what I read up there, I don't think the floating has really been reversed. So why are those people above me shouting floating upandown?
In a nutshell, the fx market has been extended to BDC again but it is specifically for eligible BDCs and the market can still be well monitored by the CBN.

jeromestarks:
These dul.lards should be constructing something new. They should be inventing. What's the point in constructing something that already exists?
It's not like he found one fault in the existing catarpiller and improved it ooo. He just made something of lower quality. Why take humanity backwards?

People should stop celebrating things like these.
That's how one idi.ot in sokoto constructed a stu.pid car. One car that's not even upto Honda standard. What nonsense is this?

PastorOlokonla:
I am sick and tired of working from home. My social life is dying. I never get to drive my car or wear my new clother. Which kain whala be this.

I don miss social life and office romance tire.

JessicaRabbit:


I think you should be careful not to fall for the trap of confusing contentment with stagnation. While conformity offers a pre-paved path, it can also become a dead-end road for the soul.

Think of it this way: imagine a world where every flower bloomed in the same shade of beige, chosen for its "universal appeal." Sure, it might seem aesthetically pleasing, but where's the vibrant tapestry of nature, the explosion of colors, the unique fragrance of each bloom? I understand that not everyone aspires to be a groundbreaking artist or a revolutionary thinker. But even within the realm of "average," there's a spectrum of possibilities. Why settle for a pre-written script when you can co-author your own narrative? As for the genius who claimed the world belongs to the average, I'd like to remind you that history remembers the outliers, the rule-breakers, the individuals who dared to paint outside the lines. They're the ones who pushed boundaries, challenged norms, and ultimately enriched the human experience for everyone, including those content within their comfort zones.

Now, I'm not suggesting everyone should abandon their comfort zones and become crusaders for change. But dismissing the value of individual expression and the pursuit of unconventional paths, especially under the guise of "majority rule," is a dangerous simplification. It not only ignores the potential for growth and innovation that lies outside the mainstream, but also inadvertently diminishes the very essence of what makes us human - our unique experiences, perspectives, and capacity for individual thought and action.

JessicaRabbit:


You are missing the point. Morality is not a fixed standard that everyone agrees on. It is a complex and dynamic concept that evolves with time, culture, and context. What is considered moral in one society may be immoral in another. What is considered moral today may be immoral tomorrow. Therefore, basing your authenticity on morality is a futile and limiting exercise. You are conforming to a set of rules that are arbitrary and subjective, not universal and objective.

Creativity is not the same as authenticity. Creativity is the ability to produce original and valuable ideas. Authenticity is the ability to express your true self, regardless of external pressures or expectations. Creativity can be influenced by morality, but it does not depend on it. Authenticity can be enhanced by creativity, but it does not require it. They are both valuable qualities, but they are not interchangeable.

Again, this is a gross oversimplification of a nuanced and multifaceted issue, ignoring the diversity and complexity of human nature. You are imposing a rigid and narrow framework on a fluid and expansive phenomenon. That, my dear, is the very definition of dogmatism.

y3mi:


What a beautiful and well expressed piece of nugget.
The question I often ponder on is... why does majority default fall into the chasm of herd mentality as everyone seem unable to break away from the trappings of the band wagon effect ?
Those who dare to be different or by nature of the true self don't know how to conform to societal dictate while adhering to a view that isn't populist.

JessicaRabbit:
This is something I've been pondering on for quite some time. So I guess I need to finally get it off my chest.

The human species has become disturbingly obsessed with blending in, following the script, finding comfort in the crowd etc. I believe this mentality of trying to enforce a collective harmony of thought across all individuals in a society is ultimately dangerous. Conformity, my friends, is a hydra of a beast. It sprouts heads of societal expectations, whispers of "supposed tos," and the poisonous sting of judgment. It tells women they must bloom in gardens of domesticity, men they must conquer mountains of machismo, and everyone else they must fit into pre-made boxes with labels that chafe.

JessicaRabbit:
😂🤣

What will you have them do, OP? They may be Christians who claim to have "faith" in the divine and supernatural, but surely you don't expect them to anoint their iPhones with holy oil for better battery strength? What's Christianity without a tiny dose of hypocrisy? Got to abandon imaginary fantasies for reality once in a while. Tsk tsk.

Brothers and sisters in the lord, please plug in and let the spiritual amperes flow! Just remember, while your phone might be reaching 100%, your faith might still be stuck on "searching for signal". Hallelujah, indeed! 😁

#JesusTakeTheWheel...andChargeMyPhone

Sirmwill:
Omo

Everyone is wearing sneakers

Wellllll

He is doing what he can do shaaa

But
He is not touching the right places IMHO
There are so many places in Lagos that are best known as "Trenches"
He has ignored all those places for years.
Instead he focused his attention on the places where the rich commonly live.
The best Governor of Lagos State would be the Governor who brings major developments to the "Trenches"

Though, Mr Sanwo Olu is doing the best he is capable of doing 😇✨

Wawelexy:
Helicopter and speed boat is a no go area for me

ryloy:

tctrills:

Let's stop blaming UK for bad parenting. There are many good kids in UK and the US. If you are thinking of sending your kid to another person to train, you have failed.

immortalcrown:
Gagantuan gaga! You are blessed with Jennyclay as a daughter. Send her to her congenial colleague in the person of Jennyclay.

Yankee is the headquarter of juvenile delinquency. Wise Africans in the West send their children to do primary and secondary education in Africa and return the children to the West for university education and career pursuit.

Meanwhile, you didn't tell us how it started. How was the girl brought up to her present age?

Careente7:

Nobody called anybody stupid,get that into your head .



No comment; next question.

AlvinOO7:
‘The issue that somebody ran into the road is immaterial’
How is it immaterial?
Isn’t that your reason for carrying out the investigation?
May the departed’s soul rest in peace.

AllenSpencer:


Did the previous perform? When the previous is a woeful failure, you 95% guaranteed that his stooge will also be a failure.