Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,152,457 members, 7,816,070 topics. Date: Friday, 03 May 2024 at 02:15 AM |
Nairaland Forum / Nairaland / General / Business / BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral (10708 Views)
Opay Clarifies New CBN Directive, Reassures Customers Funds Are Secure / CBN Lifts Restriction On Domiciliary Accounts, Allows $10k Withdrawals / CBN Okays Withdrawals Of Dollars From Domiciliary Accounts (2) (3) (4)
BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by Great100000: 6:56pm On Apr 11 |
The Association of Bureaux de Change Operators of Nigeria has expressed support for the Central Bank of Nigeria’s directive to banks to stop the use of domiciliary accounts as collateral for naira loans. https://punchng.com/bdcs-back-cbns-directive-stopping-use-of-domiciliary-accounts-as-collateral/ 6 Likes
|
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by Olachase(m): 7:05pm On Apr 11 |
Normally they have no choice than to corporate with the CBN law, time for gra gra is gone. Till now I still don't know the impact of BCD in our society when we have banks Well what did small boy like me KW, corruption started before I was born 50 years to this time i am not sure African countries will be fine😔😔 Bitter truth, if you like take Vitamin C 🚶🚶🚶 36 Likes 2 Shares |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by Is04970: 7:18pm On Apr 11 |
Well done Cardoso 28 Likes 4 Shares |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by citygarden(m): 7:37pm On Apr 11 |
Clap for Tinubu, 23 Likes 4 Shares |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by LaIabobo: 8:16pm On Apr 11 |
Very good policy indeed. This is a policy that should have existed since way back 17 Likes 3 Shares |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by Risingblue008(m): 8:17pm On Apr 11 |
Udd |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by helinues: 8:17pm On Apr 11 |
Good We now have a real CBN governor Kudos Mr Cardozo 35 Likes 4 Shares |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by nairavsdollars(f): 8:17pm On Apr 11 |
I support every move by the CBN as long as Naira keeps strengthening against dollar 24 Likes 2 Shares |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by Bananapill: 8:18pm On Apr 11 |
Great100000: See as government and BDC they do tete-a-tete. The government no well. Na black market una dey sell dollar give. 3 Likes |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by BondRiv: 8:18pm On Apr 11 |
Naira must rise. 9 Likes |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by Adaiobanyi1: 8:19pm On Apr 11 |
Anything to save the Naira is welcomed. 10 Likes |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by Dialpad: 8:20pm On Apr 11 |
Those keeping dollars.... Whats going on ? I sympathize with those that purchased above 1300 hoping it will hit 2000+ Bad gamble 30 Likes 1 Share |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by omoadeleye(m): 8:20pm On Apr 11 |
Okay |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by Tjra: 8:21pm On Apr 11 |
Dialpad:Well, they are learning the hard way They are all licking their wounds in silence. 15 Likes |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by Honestey: 8:22pm On Apr 11 |
"...Back CBN’s Directive...." Una get other choice? Before you finish Nigeria with dollars, all of you and your dollars will be relegated to where you belong. Headmaster is cooking, e never done yet, we are driving dollar down down. This is not 12 Likes |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by airsaylongcome: 8:23pm On Apr 11 |
Something that Banks will device a workaround for |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by airsaylongcome: 8:24pm On Apr 11 |
Dialpad: No shakement. Now sef is the best time to buy 5 Likes 1 Share |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by michaellovaldo(m): 8:35pm On Apr 11 |
Atleast the policies have been bringing positive results recently, we thank God for that So may it continue 9 Likes 1 Share |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by Atheistan: 8:36pm On Apr 11 |
Hmm |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by Lifemanage: 8:36pm On Apr 11 |
Bananapill:It's impact is being felt. Unlike the millions going to banks but not being felt 5 Likes |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by GreatOchuks: 8:37pm On Apr 11 |
Plz someone should explain in layman's language.. |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by airsaylongcome: 8:42pm On Apr 11 |
GreatOchuks: It's "technical" but there's something called Cash-backed loan where you use the money (in this case USD) you have in a bank as collateral to take a loan from the bank. It sounds crazy and weird I know. But it's a thing. So what CBN is saying is that Banks can no longer use FX as the Cash collateral for the loan. 9 Likes |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by datola: 8:44pm On Apr 11 |
How on earth was that possible self 8 Likes |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by ppogba: 8:45pm On Apr 11 |
Olachase: BDCs are every where the world over. It is just the proliferation that is the problem with Nigeria. They are there to take care of a segment and ordinarily should be well regulated. 9 Likes 1 Share |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by ppogba: 8:47pm On Apr 11 |
airsaylongcome: And in addition to what you wrote will free up dollars that are idle in DOM accounts and enhance liquidity. 13 Likes |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by WorldRichest: 8:47pm On Apr 11 |
Tinubunomics + Jagbajantis= Prosperity When hand touch them, all of them confessed Jesus as Lord and Saviour and Emilokan Tinubu as the god of Nigeria. After God the Father, god the Son, and God the Holy Spirit, the next is god the Jagaban. Who are the so called cabal and mafia in the FOREX Market when Emilokan Tinubu is taking action 8 Likes |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by rotadeco27: 8:48pm On Apr 11 |
It is photocopy they are doing! If you know you know Weldon Cardigan! |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by Tareq1105: 8:49pm On Apr 11 |
helinues: Obidients would disagree with you and call for your head. 8 Likes |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by rajiedreez: 8:50pm On Apr 11 |
The fear of Cardoso is the beginning of business 9 Likes |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by WorldRichest: 8:53pm On Apr 11 |
airsaylongcome: Them go plenty for jail I know at least 15 of Tinubu's boys who are past or current bank MDs, so Tinubu has lots of professionals and rogues to advise him. You cannot win Emilokan Tinubu in this game. If you too think well, you go list at least 10 Tinubu boys who are or were bank MDs 14 Likes 2 Shares |
Re: BDCs Back CBN’s Directive Stopping Use Of Domiciliary Accounts As Collateral by raddyworld: 8:55pm On Apr 11 |
God will help us 3 Likes 1 Share |
NNPCL, Partner Begin Oil Production At OML 85, Target 20,000BPD / Binary Option Trading Sites / Nigerians Living Abroad Remit $35bn In 11 Months
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 35 |