Paramount01:
Can't parallel market be abolish? Just asking I am confuse

This will solve the 50% of the problem

surgical:
Abeg all this na distraction, stop fuel importation and you will save forex and increase the value of naira
The government is not ready yet when they are ready they will do the needful

You can't stop importing until you start producing

Paramount01:
Can't parallel market be abolish? Just asking I am confuse

You want abokii people to die😁😁

tnerro1:


You want abokii people to die😁😁

Is it not better than every Nigeria's to die?

Why is it so difficult to get rid of Dommicilary accounts, and parallel market?

Politicians dnt give a famn about fx cards, the banks will simple not sell to normal travelers but to Bdc's, so the free fall will continue

KarlTom:
People buy it

Are you sure? When have you heard of anyone you know personally buying bta?
Back 2022, dollar was 700-730 in blackmarket. Bta in Bank was 440-460.
You then applied through the cbn site for bta of which you could buy each quarter yearly.
Yeah it made sense as the difference between official and blackmarket was about ₦300.
Early 2023, cbn rate then merged with blackmarket, all became ₦700. What was then the point of applying through cbn for bta? Don't forget you will also pay bank charges. At the end of the day, it only made sense to just go to blackmarket.
Infact, me personally abandoned my last application for $4k.
As far as CBN rate is merged with blackmarket, you loose money buying bta.

You need to get sense.

DryMouth:

Do you have sense at all?
Cardoso is a failure

EponObi:
One thing you can't deny is that Yemi Cardoso is a breath of fresh air at the central bank. Calm, smart, strategic, precise, and BOLD!

I remember Ewelele doing gidigbo on national tv with abokiFX when he made that silly "You to fight? Come out and fight" statement or close.

This is Yemi fighting the same battle without noise. Respect a beg! ☺️

All this praise for the patch patch cv yemi and dollar is over 1500 while Emiefele you are insulting kept dollar below 1000,tribalism won't kill you

badoh:

If you can do better than him, nominate yourself.

So, in your mind, this is what is ailing the economy and would save it.

Una head no correct truly.

FuckYeyeMods:

Take a look at what you type,.,.
Is either you're mumu or olodo abi just simply a bigot.

So, in your mind, this is what is ailing the economy and would save it.

Una head no correct truly.

BigDawsNet:
Buisness travel Allowance
Personal travel Allowance

You get paid in Foreign currencies of the country you travelling to, provided you have a Visa

Thanks for the explanation

HIGHESTPOPORI:
All this praise for the patch patch cv yemi and dollar is over 1500 while Emiefele you are insulting kept dollar below 1000,tribalism won't kill you

Don't mind that idiot

This man want finish ABOKI Business ooo. All money coming from abroad to be paid in Naira no more dollars now this Again. They may revolt oooo.

Thumb's up KADOSO, GOD BLESS 🙏

emkz:
The Central Bank of Nigeria has banned the sale of forex directly to travelers in cash.

Electronic cards are to be used henceforth for BTA/PTA.

They should also reactivate cards for foreign transactions. This way people have even less reasons to carry cash on trips

But how does this affect the demand for the dollar.whether it's been held physically or in electronic form.I think this will have little effect on the dollar rising.I think the main problem is we have to much naira in the system.Buhari printed to much naira which we need to mop out of the system.

emkz:
This was part of my intervention some days ago.



Since our elites have turned BTA/PTA into a business, let the incentive be removed.

I applaud the CBN for being bold.

Lolz, I have said the same sometimes last year, you can check my posts on Nairaland.

These people know what to do but cannot because they are also benefiting from the system.

Hmmm, this will be the final kick to kill Nigeria because what's out backup strength to issue credit card in BTA/PTA? How do we settle foreign banks when we don't have the foreign reserve?

Timmi:


CBN should not even be selling dollars to private people either as PTA, school fees or medical expenses. Those that want any of these should source for it at the open market. These are the needs of rich people and so let them pay for it. CBN selling to them is affecting every citizen where the overwhelming majority (80-85%) are either poor or middle class, with CBN selling the BTA/PTA/Medical/school expenses in dollar, these ones - the poor and middle class are now subsidizing the rich.

The problem is not about selling but ability of those buying to withdraw in cash and sell to BDC at higher rate. Once you are unable to withdraw Dollar notes over the counter here in Nigeria, there is no way you would be able to sell to BDC at higher rate. The only option left for you is to withdraw it in your destination countries.

If you've got a domiciliary account, close it now and fly its content somewhere else. The government won't steal it but expect the naira value of your dollar in the neighbourhood of shipwreck.

emkz:
This was part of my intervention some days ago.

Since our elites have turned BTA/PTA into a business, let the incentive be removed.

I applaud the CBN for being bold.

Yes. I remember reading your brilliant submission about 2 weeks ago.
Thank you.

Years ago, we had what was known as traveller's cheques. That's what we traveled with and converted to cash at our destination.

gaby:
This will also be reversed in a month.

Confused lots.

Electronic card payments that are unreliable locally...lol

We dey wait for the wailings and complaints.

Okoso Cardoso representing blind BATimeous.

Noisemakers wish it was one agulu chief who did this....
Keep making noise.

Nigeria would get better

EponObi:
One thing you can't deny is that Yemi Cardoso is a breath of fresh air at the central bank. Calm, smart, strategic, precise, and BOLD!

I remember Ewelele doing gidigbo on national tv with abokiFX when he made that silly "You to fight? Come out and fight" statement or close.

This is Yemi fighting the same battle without noise. Respect a beg! ☺️

And hun ger dey keel you?

Elebi os hi!

adebwalex:
This man want finish ABOKI Business ooo. All money coming from abroad to be paid in Naira no more dollars now this Again. They may revolt oooo.

They are mad!!!

They should revolt.

Finesse247:
The status quo will remain until Nigeria stops doing the bidding of IMF and world bank. Developed economies don't mean well for Nigeria. Imagine when 1 Naira was 1 Dollar in the 70s IMF said Nigeria should devalue Naira and we have 1600 Naira to 1 Dollar in 2024 now.
But what can we do when the govt has borrowed billion of doollars from these world bodies and are bound to do their bidding.
We need a drastic change. Tinubu is worsening the situation and seems clueless with his team. All indicators and not helping the masses.

The IMF policies of removing all subsidies are the right policies for Nigeria. Nigeria should subsidies healthcare, local education, farming and other productive ventures and stop subsidising consumption. of imported goods and services

I watched the CBN Governor on Channels TV last week, he said CBN had over 7 Billion dollars backlog when he assumed office and he got Deloitte to audit the backlog which reduced it to 5 billon dollars while 2 billion dollars was unaccounted for, and some people did not need the dollar but for personal gain. So, the CBN has paid 2.6 billion promising to clear the balance of 2.4 billion soon. Nigerians are problem of Nigeria, I keep saying it. What is obvious in this administration is that the guys at the helms of affairs are mostly rich guys including the president, coming up with the policies that will hunt the rich and self centered guys might not be too hard. The ministry of information should do well by educating Nigerians on their moves to erode propagandas and we all should reduce our request for international goods and services except for raw materials.

Anguldi:


Your mind dey there

emkz:
The Central Bank of Nigeria has banned the sale of forex directly to travelers in cash.

Electronic cards are to be used henceforth for BTA/PTA.

but they can get it at the blak market cash

Way to Go. The level of corruption, sabotage and stealing going on with that BTA/PTA of a thing even by business people and bank branch officials... You will be surprised.
These bank officials take these BTA/PTA through proxies and go ahead to sell it at black market rates making instant millions without lifting a fingers.

Also business owners, will line up the passports of their employees to a corrupt bank officials who will apply for 5k USD at bank rate for each employees.

They will now sell it at black market making a profit of over 12-15million within a twinkle of an eye while the country currency value suffers.

The same corrupt bank officials will quickly turn back any random customer who wants to withdraw USD over the counter because they already plan to sell to their cronies.

Infact, Nigeria's Naira issue is caused by many factors. Both visible, direct, indirect, vertical, horizontal and invisible factors.

God bless the Country

emkz:
This was part of my intervention some days ago.



Since our elites have turned BTA/PTA into a business, let the incentive be removed.

I applaud the CBN for being bold.

Watching Ur posts

gaby:
This will also be reversed in a month.

Confused lots.

Electronic card payments that are unreliable locally...lol

We dey wait for the wailings and complaints.

Okoso Cardoso representing blind BATimeous.

Nigerian politicians and technocrats have this in common......
Over reaction at the slightest chance......

EponObi:
One thing you can't deny is that Yemi Cardoso is a breath of fresh air at the central bank. Calm, smart, strategic, precise, and BOLD!

I remember Ewelele doing gidigbo on national tv with abokiFX when he made that silly "You to fight? Come out and fight" statement or close.

This is Yemi fighting the same battle without noise. Respect a beg! ☺️

I don't understand this accolades. Until it strenghtens the naira I can't hail him yet.