₦airaland Forum

lovere:
UAE should introduce strict measures to prevent those touts and criminals who come to 🇦🇪 to tarnish 🇳🇬 image.

The ban on issuing visas to Nigerians is part of the strict measures. Wetin you want again?

This thread will soon come alive.
But it won't stop the discrimination against Nigerians and exploitation by the UAE authorities.
Will it also stop the mosbehiour by Nigerians in UAE? Only time will tell

pandoragirigory:
https://punchng.com/just-in-acourt-sacks-abure-affirms-apapa-as-lp-national-chairman/

In other news...

JOemmy:
What an escuse so you have to rely on ur boyfriend for everything what if he goes broke in future?

What if he dumps her entitled ass?

JAYTUNEZ:

https://www.youtube.com/watch?v=RuSbC8_sSRw

Princess who became the first Housemate to be kicked out of the All Stars reality show has revealed that she didn't put up a fight for the price money, 120million naira, cause she has a billionaire boyfriend who can provide such for her.

Silly girl. You are not married to him, you are only dating him. Ode. 😆😆
Tomorrow the dude can dump you.
Some of this dumb girls and entitlements ehn...

Burob:
As e dey pain you, e dey sweet us, Keep wailing.

AGBADORIANS 🌽 are the wailers.
Even after the elections, you are still fueling your government with propaganda.
Many of you are weeping bitterly and gnashing your teeth as a result of the subsidy removal.
Na una e dey pain pass.

001Lagos:
Tinubu supporters are the most stupid set of animals on earth

shameless disgusting piece of shits

Foolish fake news peddlers

I agree with you 💯 x

ShaqFu:
We need not be bothered as to the people who decided to spread this fake news.

Honestly, I believe it's about that time the FG take a decisive stand against fake news, those who create it and those who spread it. 👌

Festus keyAMU is their patron.
They are all shameless imps

Religion of piss again

NWAZURUMEE:
Orji kalu still missing

See him here

Players that are being owed.

Typing:
Emeka, you say?

Poorly grilled sick ram.

Oluwatosi must be a good spender or a good knacker.

Not fvcking necessary

Typing:
Amaka quit hating.

Poorly grilled ram.
Puke

How the hell is this newsworthy

Hajj commission nko?

Sultty:
slip off tongue

No, I guess it was deliberate and he said it to gain support of the women he was addressing

Backward people fighting for their deity .

Religion of Piss is at it again

waleray:
Can someone tell me the benefits of it's destruction and reconstruction towards Masses.

We thank God that Kwankwaso didn't win.
That's the benefit so far.
He would have demolished National Ecumenical center.

What would have been the fate of Nigeria if NNPPs Kwankwaso had won? 🥴🤔

Naira is really floating

I blame Tinumboo.

But a certain clown said something about lifting Nigerians out of poverty

So sad he couldn't get help.
Naija ehn....

Is CBN announcement of unification of FX windows likely to ease the FORM A wahala? 🤔

Is CBN announcement of unification of FX windows likely to ease the FORM A wahala? 🤔

LEMMIE EXPLAIN TO YOU LIKE A SECONDARY SCHOOL STUDENT


The Central Bank of Nigeria (CBN) has made some important changes to how the foreign exchange (FX) market operates in the country. Here are the key changes:

1. Collapsing Segments: Previously, there were different segments in the FX market, but now they have combined them into one called the Investors and Exporters (I&E) window. This means that applications for things like medical expenses, school fees, travel allowances, and small businesses will now be processed through regular banks.

2. Willing Buyer, Willing Seller Model: The I&E window will now use a model where people who want to buy foreign currency and those who want to sell it can come together and agree on a fair price. This model was used before and is being reintroduced.

3. Government Transactions: The exchange rate for transactions involving the government will be based on the average rate of the previous day's transactions at the I&E window. They will calculate it to two decimal places.

4. Trading Limits: There used to be limits on how much foreign currency you could buy or sell, but now there are no limits on selling too much foreign currency. If someone has sold too much, they can protect themselves by using a financial instrument called OTC futures.

5. Order-Based Quotes: They are reintroducing a system where people can place orders to buy or sell foreign currency at specific prices. There will be a set difference between the buying and selling prices. All transactions will be cleared by a central party to ensure fairness.

6. Order Book: They are bringing back an order book, which is a record of all the buy and sell orders placed by people. This will make the process more transparent and help in executing trades smoothly.

7. Trading Hours: The FX market will be open for trading from 9 am to 4 pm Nigeria time.

8. Cessation of Rebate Schemes: Two schemes called the RT200 Rebate Scheme and the Naira4Dollar Remittance Scheme will stop working from June 30, 2023. These schemes were offering some incentives for foreign currency transactions.

These changes are meant to improve the transparency and efficiency of the foreign exchange market in Nigeria. It is important for everyone involved in the market to follow these new rules.

RealityBender:
Who this??

Alex report