matify83:
Blame it on Aboki fx and BDCs

Wetin we never hear for dis country.

Even Cardoso has joined in the cluelessness to say diaspora remittances are not coming through our banking system.

I just wonder if NNPCL is not remitting dollars into the federation account.

matify83:


Wetin we never hear for dis country.

Even Cardoso has joined in the cluelessness to say diaspora remittances are not coming through our banking system.

matify83:
Blame it on Aboki fx and BDCs

Wetin we never hear for dis country.

Even Cardoso has joined in the cluelessness to say diaspora remittances are not coming through our banking system.

I just wonder if NNPCL is not remitting dollars into the federation account.

Paraman:
Provide the evidence cardoso said this please

matify83:



“The World Bank said for 2023, our diaspora remittance was about $20 billion. We estimate that more than 90 percent of that did not get to Nigeria, they are being externalized. We have spoken to loads of Nigerians almost everywhere, in the US, UK, etc. They told us how they send remittance. They use Apps, and we have tried some of those Apps, they use parallel market rates. So, you take $1,000 in New York, and tap on your phone that you are sending $1,000 to someone, a Fintech, they pay the Naira equivalent in Nigeria without bringing the dollars, unless of course if the source of the money is illicit.”

Taiwo Oyedele, Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, has said.

Paraman:
Provide the evidence cardoso said this please

Ozommadu:


Cardoso is a failure like his principal Ebola.

You support them like you defended clueless buhari for 8 wasted years

Paraman:
Tinubu and Cardoso are both on the right track. Things will soon start turning around for good base on the works going on.

Tochi3:
Thief'nubu a fraudulent "first" non graduate will handle the economy like he did in the fathom development of Lagos.

..while ..

Shittima will handle security like he did to his home grown boko boys as a governor..

Dey play..Just continuing playing..

Paraman:
I don't want to believe you're a clown please.

Show me where Cardoso said what you claim he said

Mateco556:
Fitch, a prominent global credit rating agency, has highlighted that the Central Bank of Nigeria (CBN) continues to grapple with insufficient foreign exchange (forex) reserves to address the existing backlog of demand within the country. The dire situation was brought to light by Gaimin Nonyane, Director of Middle East and Africa Sovereigns at Fitch, who also cautioned about Nigeria’s vulnerability due to a high interest payment to revenue ratio.

“Nigeria’s central bank still lacks the foreign exchange to clear the backlog of demand, and the country’s high interest payment to revenue ratio weighs on its sovereign credit........

https://ratecaptain.com/cbn-still-short-of-forex-to-clear-backlog-fitch/

matify83:



“The World Bank said for 2023, our diaspora remittance was about $20 billion. We estimate that more than 90 percent of that did not get to Nigeria, they are being externalized. We have spoken to loads of Nigerians almost everywhere, in the US, UK, etc. They told us how they send remittance. They use Apps, and we have tried some of those Apps, they use parallel market rates. So, you take $1,000 in New York, and tap on your phone that you are sending $1,000 to someone, a Fintech, they pay the Naira equivalent in Nigeria without bringing the dollars, unless of course if the source of the money is illicit.”

Taiwo Oyedele, Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, has said.