Ebubu2:


You can’t bring down crypto

I’ll be receiving my money in usdt which is equal to 1,600 naira per usdt crypto

Dey play


I’ll just show my benefactor how to download binance wallet, load it in his country easily and send me my money.

Oniro oshi. Where dem dey pay 1600 for usdt. Lmaoooo. Lol. You people are too sick and the pain of this move by Cardoso is very glaring to see.

Macphenson:
Nnaaa mehn, I thought Tinubu is a master strategist, I never knew he is a trial and error strategist.

On this issue of dollars scarcity, stop corruption and looting by our politicians and civil servants and trust me we will have enough dollars in circulation.

When they loot in Naira, they use their loots and by up the dollars in circulation and store in either their bank accounts, or their vaults at homes or use it to buy properties abroad.

Most of these estates in high brow areas in Lagos and Abuja with tight securities have so many vaults stashed with dollars.

So you want the government to just break into private homes, based on hearsay that they have dollars stored in there?

femicyrus:

Not everyone needs dollar for legit transactions. Some just want to hoard and resell.
Access should be limited to people truly in need of dollars for payment of school fee & importation. Others should settle for Naira. End of story

They should be willing to provide citizens who needs the dollar for basic transactions as well...

And if they need Forex so much..

Let them removing the senseless policy of opening dom accounts...and encourage more people to open to increase influx

Namaster:
Tinubu and Cardoso have made another HUGE mistake.

Fools are tightening the noose around banks receiving Forex inflow when there are LITERALLY tons of other ways to receive your money.

No one will use banks to receive money with their nonsense exchange rates when there are better options out there.

Cardoso is a prime example of an extremely inspired idiot.

Imagine creating more hurdles for receiving Forex when the country is already groaning about NOT receiving any Forex in the first place.

That's like pouring MORE water on a drowning man.

Tinubu has no idea what to do with Nigeria. He's too proud and too nepotistic to get people who can help him out of the mess he's created.

You wey no be fool, what heights have you attained in your stunted career?

That’s how it is done all over the world. We’ve been reckless for years in our management of forex by allowing people withdraw dollars remitted from abroad. We spend Naira in Nigeria. Only importers and those traveling out should be allowed to access dollars.

Beautifulday:


There is never a floor when there is policy that upset deman rate. I am not talking of crypto. I know people making cool cash through p2p. They sell to importers direct.

Lmaooo. He said there's never a floor. You will soon learn.

seunmsg:
That’s how it is done all over the world. We’ve been reckless for years in our management of forex by allowing people withdraw dollars remitted from abroad. We spend Naira in Nigeria. Only importers and those traveling out should be allowed to access dollars.

Toor. Thank you jare.

Beautifulday:

There are many ways to do it. Nigerians like more money. Since they cannot have their dollar either in bank or in cash, why would they send dollar?

They will get someone who will send naira and collect dollar. Dollar remain in dollar economy and naira remain in naira economy.

If you don't know, europe discourge nigerians send foreign exchange home.

Then, if they don't send dollar home, how do they get Naira to spend in Nigeria? By coming here to do bricklaying?

That dollar, they will exchange it one way or the other. The CBN knows this, that's why they allowed bank rates to be the same with parallel rates.

By the way, What is the current parallel market rate?
What is the exchange rate in banks?
They are about the same thing.

So, why will they now patronise 3rd party providers when their rates are the same with bank rates?

ITbomb:

Bank FX rates and BDC are almost the same now, so it won't matter much.

My only issue is that they should leave dom account for people who wishes to transact internationally (send out)

Nigerians should be able to buy and sell internationally with naira through the Banks.
Imagine buying an item on AliExpress with your Naira account with your bank app.

AntiChristian:
I see many abusing the government without just one solution to the imbroglio we find ourselves in.

There's actually no solution that we Nigerians won't find a way to bridge!

Nigeria go better!
May Allah guide our leaders and us the led!

It's because you are not directly affected.
Imagine someone sending you 10kUSD only for the money to be converted to naira at whatever rates the CBN likes....you are calling this robbery a solution...so sad

pocom16:



You must be very stupid...I am certain...you are foolish idiots who doesn't earn a single dollar..



You supported the stupid president when he decided to float the naira especially when there is a supply issue...how do you float a currency you fully know can not sustain itself with supply and demand..


Buhari and Emifiele and a thousand times better than this you, cardoso and Ur daft president..

If then ..dollar influx were not coming in..but that government knew how to stabilise rates and only reduce value slightly when the burden of maintaining the rate goes beyond bearable..

They also knew how that removing fuel subsidy when you are still importing is bogus and doesn't make sense... You worsen the pains of the people when cost rises...and you can't guarantee supply because you still import..

This is why the government at that time postponed it twice..


You druggy came in without critical thinking and messed everything up..
Has the supply of dollar increased since he floated it.
Lagos now has fuel scarcity..

Gibberish again.

I'm a crypto trader and investor. I literally make and lose money in dollar every single day.

Again, you lots are irredeemably sick.

gigabyte13:
If no be madness
Why pay them in foreign currency before....
Black man with black brain....
You convert your own naira right in your own country to equivalent of foreign currencies before you send it.
Una just like to dey use nonsense oppressed unasef for this country.
Person go dey spend dollars and pounds anyhow in a country with her own currency......?
Even government officials are not excempted

Let me ask you: what's the purpose of a dorm account?

Hopium:


Lol. Gibberish.

These are part of the reason the CBN said we've dollarized our economy. And how does that stop anyone from earning in dollar. Earn your dollar whereever you want but you are getting the naira equivalent in Nigeria: that's what the CBN is saying.

You lots are irredeemably sick. You've castigated the government for the bad naira strenght. This is one of the way naira is going to gain back purchasing power and you still dey complain. Dem swear for una?!

You all want to earn in dollar, keep money in dollar, there are even hookup girls in Abuja and Lagos who insist on getting paid in dollar - are we in the USA. Even out banks keep ridiculous amount of dollars. Where do you expect naira strength to come from?

Una never see anything.

You had a good message to pass along, but you spoilt it by calling me sick

Good morning, and try to be more polite next time, young man.

We move

I don't undertsand may be due to pressure.


Does this affect the domiciliary account inflow?

The economic atmosphere of Nigeria is anti-progress.

How can a man be more stupid than Buhari the dead log?

Beautifulday:


There are many ways to do it. Nigerians like more money. Since they cannot have their dollar either in bank or in cash, why would they send dollar?

They will get someone who will send naira and collect dollar. Dollar remain in dollar economy and naira remain in naira economy.

If you don't know, europe discourge nigerians send foreign exchange home.

If dollar remains in dollar economy and Naira remains in Naira economy, how does it affect anything? Did you use your brain to reason before writing that trash?

Btw, how does Europe discourage Nigerians from sending fx home? Nairaland is full of dull people. Walahi!

seunmsg:
That’s how it is done all over the world. We’ve been reckless for years in our management of forex by allowing people withdraw dollars remitted from abroad. We spend Naira in Nigeria. Only importers and those traveling out should be allowed to access dollars.

Kadoso Mutairu! I hail o.

obas01:
With this new policy dollar will soar higher , expect dollar to soar to 2500 naira( Black market rate) , note these piece and check back if am correct or wrong by December 30th 2024.

Reason(s):
Nigerians really heavily on dollars (fx) which are not available at the bank only the aboki come to thier aid, now it will be very difficult for Abokis to get dollars, the Abokis will pay any amount to get it ,And will probably buy at a high price and selling at higher price than they get it 😁 , they must make profit na.


Note:
This measure put in place may seems to have correctional effect theoretically but practically not the solution.
Because the system is internally damaged,

For solution, I have some ideas .

Trash! You are not very bright..

Forkthiefnubu:
The aboki jiahadist seems to know more about liberal economics than the fake lagos wiz kids, i have always known that these scare face boys are full of hot air

Worst than taxation as if the money from overseas is free money and not earned.

Tranquility2345:


If dollar remains in dollar economy and baits remains in Naira economy, how does it affect anything? Did you use your brain to reason before writing that trash?

Btw, how does Europe discourage Nigerians from sending fx home? Nairaland is full of dull people. Walahi!

If dollar remain in dollar economy and Nigeria in naira economy, Nigerian foreign exchange will drop. To many of you use common sense to reason things. Once you step into the system and see how it works. You get shocked.

You no get person wey fit send you money from Abroad? When you get, you will understand.

BennyDGreat:

It's because you are not directly affected.
Imagine someone sending you 10kUSD only for the money to be converted to naira at whatever rates the CBN likes....you are calling this robbery a solution...so sad

Bank rates and parallel markets are the same. You lack knowledge of the issues, you are just crying senselessly.

SmartMen:


I have not used my domiciliary account for more than 5 years now... yet I have been receiving dollars and pounds payment every month. they are wasting their time.

What platform do you recommend?

Bobloco:
Another trial and error policy from the patch patch CV CBN governor

..another self dribbling and back pass! Rather than face the truth about production and adding values.

Bigkoko:
Chaiii this patch patch CBN gov don kukuma break the table!!!!

As a knock out blow to aboki BDC...... Expect another round of spiralling FX rate!

This Lagos wiz kids no understand simple economics!

The more you remove options for FX, the more everyone flock to the only source and guess what? Laws of Demand & Supply kicks in!

Even unschooled aboki knows this more than oga patch patch!

Same reason why Emifiele was against floating the naira..

All those idiots where shouting emiefele this.. emiefele that..


His biggest mistake was trying to strangle vote buying to prevent druggie from accessing power but failed...hence why he is being dealt with mercilessly..

He has not looted more than even the past humanitarian minister..

His approval for cheap forex to Dangote was to fast track the refinery completion..

Sapiosexuality:
Seriously. Isn't this obviously dumb? Or are they doing to shut down all other means of recieving USD aside banks?

That guy is an idiot that thinks he’s smart…

Do they even allow the Dollars to inflow into the country as it should be? PayPal is still not useful in Nigeria for receiving and withdrawing payment.

Withdrawal into your domiciliary account from forex trading or crypto trading platforms is still prohibited.

They need to let people get the Dollars first before they plan to steal it from them

BennyDGreat:


What platform do you recommend?

E no pass crypto

Kukutenla:
This is a good move
Next should be allowing naira to dollar transactions and getting international payments to be done in naira equivalents online

Just want to say I like people like you who don't oppose for opposing sake but acknowledge something when it's right. Others should learn from this.

Same with the other side that defend everything the govt does even when it's clearly not right.

BennyDGreat:


It's because you are not directly affected.
Imagine someone sending you 10kUSD only for the money to be converted to naira at whatever rates the CBN likes....you are calling this robbery a solution...so sad

What do you want to buy in dollars in Nigeria?
Yam, agbado or cassava?
Or you want to sell the dollar at a higher rate to BDC while the naira suffers

vRendoh:

..another self dribbling and back pass! Rather than face the truth about production and adding values.

Honestly!

BreconHills:


Which rubbish rate?

They sometimes have better rates than street. The spread or arbitrage between both rates is very small. They knew what they are doing when they allowed NGN to fall.

Honest question please what's bank rate today for dollar?

Beautifulday:


If dollar remain in dollar economy and Nigeria in naira economy, Nigerian foreign exchange will drop. To many of you use common sense to reason things. Once you step into the system and see how it works. You get shocked.

You no get person wey fit send you money from Abroad? When you get, you will understand.

I’m tempted to call you an idiot. But make I control myself. You are just too dull that I feel like giving you a konk on your bald head. I swear!