frenzzy2:
future impossible tense

How far

bmdmix14:
Always fooling ourselves

Bro.. Teach me how to Bolden my signature like yours. And how you highlighted it.

PDP will field Atiku in the next election and we all know

Maniashow:
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This country tire me.

I visited my girlfriend during the public holidays. I could not return home that day because we needed to iron out some pressing issues. The environment is quite peaceful but not fully developed. I didn't even know a cementry is located right behind the house not until her siblings said jokingly that I should shut the door because it was getting dark and they want no visitor. To cut the story short, I slept in the sitting room with my girlfriend's younger brother and around 1am in the middle of the night we heard a knock at the door (this happened continously for like a minute). The young man told me to ignore the sound that it's nothing to worry about. I couldn't sleep throughout the night.

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We're in trouble in this country. Tinubu a well-known thief is about to rule us for the next 8 years after Buhari's tenure..

LORD HAVE MERCY ON NIGERIA

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What is the implication of the fall in forex intervention by the CBN on the exchange rate. Will it make it stable? Will Naira appreciate against dollars?

bellyjean:


Good question

BDCs are meant to service travellers and foreign visitors. They are meant to buy foreign currencies from foreigners visiting Nigeria and sell naira to them, whilst selling the same foreign currencies to travellers leaving Nigeria, and this goes for any country.

They are meant to be self-sustaining, with little or no interference intervention from CBN.

They should not even be selling FX to importers at all. Their activities worsened the black market rates

N.B. Black market (in currencies context) may not be considered illegal, especially when CBN will not give importers FX for some categories of item considered "not valid for FX". Meaning that they have to look elsewhere for FX to import these items.


This raises another question as to why CBN sells FX to them in the first place.

You have to go back to the early 2000s when Nigeria has only about 50 BDC operators. By the end of 2020, there were over 5,000 licenced operators with hundreds of new applications awaiting CBN approval.

Why such geometric increase in the number of BDC operators?

Answer: Irresponsible economic and market policies

Is our tourism sector very lucrative?

Inquisitive minds may want to look at the average number of foreign nationals visiting Nigeria for tourism and hospitality purposes and what's the contribution of this sector to the GDP of the country that made CBN pump $200m weekly to the BDC operators.

Do Yankari games reserve, Tinapa, Osun Osogbo festival and other attractive spots in nigeria really attract millions of visitors?

Perhaps, we can justify their existence and activities by looking at the millions of Nigerians traveling out (relocation, education, medical tourism etc). But the form A (invincibles) and PTA, BTA schemes take care of these.

So what is the strategic importance of BDCs to a struggling nation like nigeria?

I applaud the CBN governor for stopping the sales of scarce FX to the BDCs.

Above all, Nigeria needs to increase her capacity to earn more FX.

Ensure adequate security of lives and properties, create a thriving business environment so that our tourism sector can fflourish then the BDC operators can actually perform as they are meant to.

Make God just have mercy on us all.

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I feel it is a sin because those who are in the act are also sinning. So you're deriving pleasure from watching people sin.

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Odewaleadesoye:

Bro how did you change the color of your signature?

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Mariangeles:
On top 80k salary, you want make she dey drop 10k every month for trust account, 20k for joint account, provide "food supplement", make she still choose between NEPA bill, DSTV, or GOTV subscription...on top wetin?
Oga, how much wan remain to take buy clothes, cosmetics and toiletries for herself na (cos e sure me dai say you no fit buy those things for her), not to talk of find her parents something? Unto say she marry you?

Abeg! Carry your wahala go front!

How much be 80k?
The guy is not ready to marry