Just2endowed2:


Mehn 35m which I don't have at the moment, how can small investor tap into this buiz

ahiboilandgas:
formerly it was 5m then emfele raise the capital requirement to 35m...note the 35m is still your money oooh..they pay interest of 7 percent after your linsence is out ....u just walk into first bank filling the bid form ,fund the accounts with naira by 4 pm debit alert then credit of 20k dollars @355 ,u call your aboki to the bank sell to him at 358 they credit your account u give them dollars to go hustle and sell on the streets ,u fill form for the next bidding currently it 75000 dollars per week per each bdc x 2 to 3 naira margin ....any scarcity of forex u can make 10 naira per dollar that 750k weekly .......u can buy a license but not nice the name of the company with be some else...there currently around 4000 bdc firm in Nigeria I join 2 years ago

ahiboilandgas:
u need a bdc lincense from the cbn ,u register a company with share capital of 35m then u deposits 35m with the cbn until lincense is out cbn will pay interest on the 35 m and return it back after lincense then you start weekly bidding via your bank ,like we do u tb ....u wires 7.2m in the company account cbn debit and credit u with 20000 k dollars u sell to black marketer u profit is around 50 k naira bidding is done 3 time now 75000 dollars weekly .u can make around 225 k naira if u hold on a little after bid ....good luck in your plan to hammer .....but be careful some guy might think u be yahoo cos u will just be chilling

Etfash:


Information is indeed power; I used to think BDC is an exclusive preserve of the abokis.

@ the bolded. So, the 35m gets returned with 7% interest after the license is secured.
Please just how long would the 35m stay with CBN; I mean how long does it takes to get the license after making the deposit?

Also, are there other things involved: any inspections from CBN or their designate etc.?

Lastly, the last 2 pages, the current and perhaps a few more to come will go down in history as some of the greatest revelations here on Nairaland.

Etfash:


Edited.

Information is indeed power; I used to think BDC is an exclusive preserve of the abokis.

@ the bolded. So, the 35m gets returned with 7% interest after the license is secured.
Please just how long would the 35m stay with CBN; I mean how long does it takes to get the license after making the deposit? Six months. I guess all internship can be done during this period too.

Also, are there other things involved: any inspections from CBN or their designate etc.?

Lastly, the last 2 pages, the current and perhaps a few more to come will go down in history as some of the greatest revelations here on Nairaland.

Etfash:


Edited.

Information is indeed power; I used to think BDC is an exclusive preserve of the abokis.

@ the bolded. So, the 35m gets returned with 7% interest after the license is secured.
Please just how long would the 35m stay with CBN; I mean how long does it takes to get the license after making the deposit? Six months! I guess all internship can be done during this period too.

Also, are there other things involved: any inspections from CBN or their designate etc.?

I believe the last 2 pages, the current and perhaps a few more to come will go down in history as some of the greatest revelations here on Nairaland.

ahiboilandgas:
formerly it was 5m then emfele raise the capital requirement to 35m...note the 35m is still your money oooh..they pay interest of 7 percent after your linsence is out ....u just walk into first bank filling the bid form ,fund the accounts with naira by 4 pm debit alert then credit of 20k dollars @355 ,u call your aboki to the bank sell to him at 358 they credit your account u give them dollars to go hustle and sell on the streets ,u fill form for the next bidding currently it 75000 dollars per week per each bdc x 2 to 3 naira margin ....any scarcity of forex u can make 10 naira per dollar that 750k weekly .......u can buy a license but not nice the name of the company with be some else...there currently around 4000 bdc firm in Nigeria I join 2 years ago

ahiboilandgas:
formerly it was 5m then emfele raise the capital requirement to 35m...note the 35m is still your money oooh..they pay interest of 7 percent after your linsence is out ....u just walk into first bank filling the bid form ,fund the accounts with naira by 4 pm debit alert then credit of 20k dollars @355 ,u call your aboki to the bank sell to him at 358 they credit your account u give them dollars to go hustle and sell on the streets ,u fill form for the next bidding currently it 75000 dollars per week per each bdc x 2 to 3 naira margin ....any scarcity of forex u can make 10 naira per dollar that 750k weekly .......u can buy a license but not nice the name of the company with be some else...there currently around 4000 bdc firm in Nigeria I join 2 years ago

ahiboilandgas:
mine took 6 months other 4 months it as the exclusive right of cbn but highest 9 months .cbn want you to have an office with 2 staff when the inspector come for final approval after approval in principle...u can go round it...if u know u know but a small office space can serve then after ward close the thing and be bidding unless u want to take it as your main job

Sholapey:
Sir, I would like you to put me through please, I have about 50m invested in ntb and I also have property renter income. I want to diversify my investment pls mentor me.

ahiboilandgas:
U can't have more than 1 lincense cos they will take you finger print and bvn now ,and u can be very lucky to have some Chinese customer that will wire their entire textile sale to your account at 359 and u buy from several bdc after bid at 357 making 2 naira ......so if the Chinese need 1 m dollars he has to wire 359m naira to ahib bdc then I buy from several bdc at 357m making 2 million naira for that week ...this what happen in Lagos island those Chinese that import fish ,chicken ,textile can approach cbn for dollars repatriation cos the item they sell is contraband like tin tomatoes......this why mompha is very rich that guy that own mompha bdc in has many Chinese and Indian

Gforce2019:


I smelled lie in your comments. How do you invest that you are getting 800k monthly. Eniyan o tan re bi Iya ibeji

Sholapey:
Sir, I would like you to put me through please, I have about 50m invested in ntb and I also have property renter income. I want to diversify my investment pls mentor me.

tritritri:
@ahiboilandgas

Thanks for dis..But how do you look for customers when u cannot stand on the street. R U personaly able to sale the whole allocation from cbn weekly?

Wat happens if u wanna close the license and get ur 35m and how easy is it to cancle and get back ur money.?

Is the 7% interest per annum? or after ur cancle the license

If u have the option buyin euro bond and get 7% or dis bdc which will u go ?

What d stress part of the bdc biz u going through?

purleesh:


Sir Ahib, is this forex business risk free please?

ahiboilandgas:
mentor on which on bdc it straight forward since you have above the capital requirement while for oil and gas what your level of shock absorber but insurance pay but around 80 percent

ahiboilandgas:
risk of arm robber ,If u choose to sell on the streets ,risk of recording a loss if u choose to keep the dollars for weeks and naira gain value like they allocated at 354 then thinking price might raise to 370 u choose to kept then suddenly crude jump to 100 dollars cbn reduces cost of sale to bdc at 345

ahiboilandgas:
risk of arm robber ,If u choose to sell on the streets ,risk of recording a loss if u choose to keep the dollars for weeks and naira gain value like they allocated at 354 then thinking price might raise to 370 u choose to kept then suddenly crude jump to 100 dollars cbn reduces cost of sale to bdc at 345

ahiboilandgas:
I tire oooh their only asset doesn't generate money like tb @12.5 which is my primary interest ....some even add pictures may God protect all men

Barrytone:
I am targeting 5m per month before retiring, let the doubters keep doubting instead of drawing a plan. its never too late to draft a plan. I started September 2017 and targeted 27m for 1st year but realized 32m and 48m by 2nd year but as at feb, 2019 I was at 44m with compulsory income of 9m by sept. 2019 hence my suspension from investment to acquire a good car for my wife that has been patient enough. SET A MEETABLE TARGET TODAY. The fun is in old age, don't miss out because of poverty.

tritritri:



Reason for my question. 'Ve Been thinking of going into eurobond which is also 7% per annum...

Did u go into this bdc as an act of investment against devaluation in d future because dat my own reason any other advice as am not even base in nig.

ahiboilandgas:
we all know that the cbn is keeping the naira artificially at 360 with 200m dollars weekly intervention ,around 2012 my t.b was 16m naira 100 thousand dollars by 2016 it was 23m same investment 63000 dollars my loss was 37000 dollar it really pained me ....if I just kept my 100 k dollars it will have been 40 m no wonder when osinbajo asset declare form all his money was in pounds only few naira

ahiboilandgas:
I also used my property and my tb then to secure loan from gtb to meet up capital requirement...it took 6 months ,I also did small intership in Lagos island with those aboki that own bdc I had to forget about degree holder and humble my self ....those chap are fantastically rich....their is the main aboki he buys over 3 m dollars weekly ....as a bdc owner u can also buy dollars from seller that don't want to patonise street seller ...u buy at 354 ...free tutorials

Sholapey:
@ahiboilandgas: