₦airaland Forum

Love Machine:
What do Nigerians stand to gain in all these?

takenadoh:
if you have Bereau the change littered everywhere like Fast-food joints or filling stations, they will be no need to patronize black market or if the banks didn't have all these restrictions and one could just walk in and change to any currency needed like its done in advanced countries, the Black market will die a natural death.


but when you see pple hiding and exchange dollars like it is contraband what do u expect?

NwaEzefuNaMba:
Of cause not! What were you thinking? It will lead to dollar scarcity hence causing hike in exchange rate.

Omooba77:
How will they get supply of dollar to fund this...Those ruling needs God's touch, they seems not to know what they are doing..

Oblitz:

stamped concrete at affordable rate. This week I'll be charging #5k per Square metre. hurry before I change my mind

Oildichotomy:
Don't you just like this government?
•GEJ damaged the economy
•Low Oil prices damaged the economy
•Niger Delta Militants damaged the economy
•Lack of Forex damaged the economy
•High cost of manufacturing damaged the economy
•Now Black market damaged the economy

The excuse and blame list from Buhari and his noise makers is growing in leaps and bounds except themselves of course,

I have a radical advice for them, they should all resign and allow the country to auto-pilot itself, not that any Nigerian is feeling the government effect anyways!

Clone2020:
If you are in the US or have relatives in the US trying to send money to naija, I will exchange the funds at 410/$, simply deposit into my US bank account and receive instant funding into your Nigerian account. Don't bother with western Union and co, they exchange at 375/$ with fees and the exchange rate drops to around 345/$.

See my contact below.

Oildichotomy:
Don't you just like this government?
•GEJ damaged the economy
•Low Oil prices damaged the economy
•Niger Delta Militants damaged the economy
•Lack of Forex damaged the economy
•High cost of manufacturing damaged the economy
•Now Black market damaged the economy

The excuse and blame list from Buhari and his noise makers is growing in leaps and bounds except themselves of course,

I have a radical advice for them, they should all resign and allow the country to auto-pilot itself, not that any Nigerian is feeling the government effect anyways!

legendte:
I will pay you 420, deposit it in my account.

NwaEzefuNaMba:
Of cause not! What were you thinking? It will lead to dollar scarcity hence causing hike in exchange rate.

Whytelyon:

Bank rate = $1 -> #314 naira

Black market $1 -> #496 naira.
Which you prefer? At least first thing this idiotic government is doing correctly.

smada13:
Had it been you have a full understanding of the Nigerian export n import business environment, you won't have written this cuz Kemi was actually right. The first problem Nigeria faced came from the black market, forcing the exchange rate of dollars indiscriminately through the creation of artificial scarcity so as to make exorbitant gains, and some commercial banks toed that line, offering to sell dollar to bureau de change operators instead of business people cuz of the gains they want to make.

And since that month of September 2014, the economy hasn't recovered.... All other problems compounded the debacle.

Think through before you criticize. Thanks

Whytelyon:
What's the difference between black market and bureau de change?

Omooba77:
I guess you are just defending inept government;since I was born black has always exist and the exchange difference has NEVER been as high as this. It shows something is wrong somewhere.

omogidi234:
Westin you go change your mind to? Black or Green?

Anyway, this is a lovely design.

Immorttal:
the black market exist in almost every country. Very impossible to eliminate especially in nigeria.

smada13:
Had it been you have a full understanding of the Nigerian export n import business environment, you won't have written this cuz Kemi was actually right. The first problem Nigeria faced came from the black market, forcing the exchange rate of dollars indiscriminately through the creation of artificial scarcity so as to make exorbitant gains, and some commercial banks toed that line, offering to sell dollar to bureau de change operators instead of business people cuz of the gains they want to make.

And since that month of September 2014, the economy hasn't recovered.... All other problems compounded the debacle.

Think through before you criticize. Thanks

Oildichotomy:
Don't you just like this government?
•GEJ damaged the economy
•Low Oil prices damaged the economy
•Niger Delta Militants damaged the economy
•Lack of Forex damaged the economy
•High cost of manufacturing damaged the economy
•Now Black market damaged the economy

The excuse and blame list from Buhari and his noise makers is growing in leaps and bounds except themselves of course,

I have a radical advice for them, they should all resign and allow the country to auto-pilot itself, not that any Nigerian is feeling the government effect anyways!

Whytelyon:

What's the difference between black market and bureau de change?

takenadoh:
If you've visited Murtala Mohammed airport, you'll understand.

in lay man's terms Black markets are those guys mainly "aboki" shouting dollar dollar,

Bureau the change are those shops where u go and change with fancy currency board etc.

Basically the bureau de change guys are registered and regulated and can give u receipts.
the Black market guys are the street hustlers

Oildichotomy:
Don't you just like this government?
•GEJ damaged the economy
•Low Oil prices damaged the economy
•Niger Delta Militants damaged the economy
•Lack of Forex damaged the economy
•High cost of manufacturing damaged the economy
•Now Black market damaged the economy

The excuse and blame list from Buhari and his noise makers is growing in leaps and bounds except themselves of course,

I have a radical advice for them, they should all resign and allow the country to auto-pilot itself, not that any Nigerian is feeling the government effect anyways!

Whytelyon:

Oga, its basically the same thing. They run the same practice, abi aboki no get BDC way day registered? They only come out to seek customers when they short of customers, I have several of them as friends mind you.

Oildichotomy:
Don't you just like this government?
•GEJ damaged the economy
•Low Oil prices damaged the economy
•Niger Delta Militants damaged the economy
•Lack of Forex damaged the economy
•High cost of manufacturing damaged the economy
•Now Black market damaged the economy

The excuse and blame list from Buhari and his noise makers is growing in leaps and bounds except themselves of course,

I have a radical advice for them, they should all resign and allow the country to auto-pilot itself, not that any Nigerian is feeling the government effect anyways!