Jestin:
I think the people in Government are not just ready to fight corruption yet. Maybe because they are benefiting from it. The oil imports and this dollars rate is one of the biggest factors affecting the economy of this country

inoki247:
Lol everybody looking for loopholes to rip the system....


Collect Dollar for a Purpose carry am go sell for Black market...

bassdow:


My dear LoopHoles plenty.

Have often questioned why those who want to go on Pilgrimage / Mecca would have to get FX much cheaper than the average man doing business ?

Why don't they give FX at same rate to people of other RELIGION ?

I don't even want to get started about the things done by BANKs.

Over 80% of Us are way more corrupt than those we criticise. Na just opportunity we never get. As for less than the remaining 5%, they are Corrupt or Honest based on weather (i.e they would temporarily cut corners when in Need, else act normal). AnyOne else outside the above stated percentage, is regared as M-U-M-U.

That's the WORLD we've found ourselves

Jestin:
I think the people in Government are not just ready to fight corruption yet. Maybe because they are benefiting from it. The oil imports and this dollars rate is one of the biggest factors affecting the economy of this country

Ventura1:
By deliberately referring customers making FX withdrawal to Aboki's, who loiter the banking halls.

Image123:


The banks have a major fault here, not the FG as it seems. Nigeria is not a normal place and normal laws and economics don't work here like other places. Banks try to make dollars scarce to the people and make it available to their customer BDCs. The round tripping needs to be arrested.
The problem is that Nigerians need high handedness, and any high handedness employed by the government will meet with backlash.

inoki247:
Lol everybody looking for loopholes to rip the system...


Collect Dollar for a Purpose carry am go sell for Black market...

lexy2014:


Which banks do that?

How does the bank make it's gain from such an arrangement?

Ventura1:
Read; https://www.nairaland.com/7798940/nigerians-allow-government-policies-work

lexy2014:


Use the information from your link to answer the questions.

1. Which banks do that?

2. How does the bank make it's gain from such an arrangement?

Ventura1:
Digest the content of the link to unravel the mysteries you seek.

lexy2014:


Since you have digested the contents of the link and have unraveled the mysteries am seeking, then answering the questions should be a piece of cake for you.

1. Which banks do that?

2. How does the bank make it's gain from such an arrangement?

seborrhic:
Emefiele the criminal is still better than the drug lord who hurriedly removed dual exchange rate without any sense or plan.
Is it not the same CBN intervention and clampdown he was chided that this same clowns are now doing?

spiSeyi:
We the masses are our problems Bankers(Masses) sell to Aboki (masses), Aboki sells at a high rate to buyers(masses),
Then the buyers hoard the USD for no reason and sell it back to Aboki at another high price. Most Nigerians are corrupt. The FG & CBN should stop funding BTA, PTA, and school fees payments but they won't bcs their children school abroad. Nigeria needs a strict hand, PBAT should take the bold step and suspend the activities of BDC and all this funding. Anybody that wants to japa should work for his/her dollars. USD should only be strictly available for the legitimate importation of commodities

Ventura1:
I could see that about 95% of your post on Nairaland in the past 24hrs have been a form of questions. I'll rather direct you to where you can find answers to them, I'm sure the content of the link will help on what you asked here and others.

bassdow:


My dear LoopHoles plenty.

seborrhic:
Emefiele the criminal is still better than the drug lord who hurriedly removed dual exchange rate without any sense or plan.
Is it not the same CBN intervention and clampdown he was chided that this same clowns are now doing?

ijustdey:

•I& E window: N744/$1; parallel market: N950/$1

•Shonubi says Tinubu “very concerned” about naira slide

•Reveals intervention measures ready in matter of days

•Report: Dollar supply remains major challenge in FX market



https://www.thisdaylive.com/index.php/2023/08/15/fx-arbitrage-widens-to-n206-1-enabling-round-tripping-cbn-vows-crack-down

“Some of the plans and strategies, which I’m not at liberty to share with you, means sooner rather than later, the speculators should be careful because we believe the things we’re doing, when they come to fruition, may result in significant losses to them.

“But my presence here is more about the concerns the president has and he needs to know that we are doing something about it, assurances of which I have given him totally.” ~ Sonubi, Acting-CBN Governor

Elliotwaveforec:
Arrest all the Abokis exchanging Dollar and block all crypto exchanges doing business in Nigeria.l and make sure anyone who wants to do dollar exchange biz does charge more than N10 above the I and E window.

inoki247:
Lol everybody looking for loopholes to rip the system....
Collect Dollar for a Purpose carry am go sell for Black market...

Yampotatocarrot:


You can see that banks ain't selling at black market rate again... I remember you saying that's what will happen as experienced in neighbouring countries

crismark:

CBN have suspended BDC operations since the time of Buhari na. Don't you guys listen to news?

Most of you guys on nairaland are dullard who only talk about solutions to an economic problem without knowing anything about the economy itself.
They have suspended BDC operations for over 2years and that is the result of what we are suffering right now

inoki247:

I don't think Nigeria problem is only Govt now no mata the Policy for it to work he go hard....
Imagine what other country are doing and is working he reach Nigeria time sabotage everywhere....
During Cash Scarcity sef see how bank was selling money to POS then sef....

lexy2014:


How do the banks make dollars scarce and make it available to their customer BDCs?

Are you a witness to such?

I thought Tinubus new forex policy was supposed to take care of all these?

How is it now different from the previous forex regime?

If Nigerians need high-handedness, what does the govt need? Pampering?

melodyogonna:
How is that possible if the exchange rate is not being regulated by the CBN?

Runup:
how can I buy dollars from the I &E window