₦airaland Forum

What Atiku said here is 100% truths

Chaiii, too much hunger in the land

They should go ahead with the protests. It’s their right to protest.

Epstein:
The Central Bank of Nigeria (CBN) is considering limiting the cash payment for buying and selling foreign currencies by Bureau De Change (BDC) operators to a maximum of $500 and ensure payments above the stipulated figure is done digitally.

The apex bank disclosed this in its proposed revised regulatory guidelines for BDC operators in Nigeria published by the bank where it proposed that electronic transfer/purchase of foreign currencies are to be made to BDCs naira account.

It stated,

“Payments to customers for cash purchases of foreign currency, the equivalent of above USD500, shall be by transfer to the customer’s Naira bank account. If the customer is non- resident (whether Nigerian or not), a BDC shall issue the customer a prepaid NGN card.

Where such a card is issued, relevant maximum credit and cumulative limits, in line with relevant Know Your Customer requirements, shall apply.”

“Payments to customers for cash purchases of foreign currency of the equivalent of USD500 and below may be made in cash.”
Permissible and non-permissible activities if BDCs

According to the bank, permissible activities by BDCs include; acquisition of forex from approved sources, sales of FX in line with its guidelines, serve as cashout points for IMTOs etc.

On the other hand, the apex bank prevented BDC from engaging in street trading, account maintenance, accepting deposits and granting of loans, facilitating international outward transfers, dealing in precious stones and metals, establishing subsidiaries and others.

What you should know
The CBN in recent times have blamed the whopping depreciation of the naira to speculation with the Governor stating the naira is “undervalued” and with time return to its true value.

The apex bank in the past few months have introduced a slew of initiatives aimed at boosting liquidity in the forex market and shoring up the value of the naira.

The proposed regulation aims to sanitise the operations of BDCs, ensure the apex bank monitors the bulk of forex inflow and outflow and curb illicit flow of foreign currencies in the economy. The regulation although a proposal is subject to review overtime.

The proposal also aims to curb the perceived “dollarization” of the Nigerian economy where businesses prefer receiving payment for goods and services in Nigeria in USD rather than naira. A behaviour the apex bank has attributed to be responsible for the increase demand for FX in the country.

The Governor of the CBN had earlier called on Nigerians to moderate their demand for FX stating that FX expended on medical tourism and education in the last decade amounting to $40 billion surpass the current foreign exchange reserve.

https://nairametrics.com/2024/02/24/cbn-plans-to-limit-buying-and-selling-of-forex-in-cash-by-bdcs-to-500/

All this gragra is temporary solution

sunnnnyuu:
Both are old and corrupt, Nigerian youth were not ready to the country, if they're surely ready they would support Prof. Chris in 2023

hmm 🤔🤔🤔🤔 . Who’s Prof Chris?

Mozhac:
This talkative they call Reno Omokri he keeps casting Peter Obi and I feel he was been paid by some set of people to help pull the man down. We never hear am talk again, his a nonsense man.

Anyone that’s still following Reno Omokri page is a gullible person. Reno Omokri is just using you guys to catch cruise niii. Reno Omokri is a clueless and useless liar and propaganda. No one take him serious at all

SpatialKing:
Watch and see

FCT minister allocates 40 Billion Naira to renovate resident. 😂 😂

that’s what will happened

She will used tax payers funds to rebuild the house in Abuja

Too much cut here. Dangote too is part of our problem. How can a 50kg bag of cement is been sold around 12 to 15k. That’s very bad

GenFunction:
asin ehn,inec is half our problem.

yes soo. Inec is our major problem seriously.

Fearurcreeator:
Abi ... Dey one place make dem see say you do something... Nigeria is bigger than most of this guys ... Nigeria be like America ... Na experienced people fit lead this country ...

so Na clueless fraudsters and scammers Nigeria want. Now tell me how will this nation progress? Tell me how will this nation succeed. Nigeria people really deserve the leaders they want.

GenFunction:
..After choosing finish,dem go say IREV portal get ish.

that’s the most painful part seriously. Chaiiiii Inec will give excuses why they failed woefully to deliver

pongwa:
smart Idiot! Kuku say you want to support Obi kelelenke. Why involve Sowore in the mix. As far as I'm concern Nigeria will not experience any much difference in governance if we do not reinforce nationhood into every fabric of the nation. Patriotism is becoming non existent in the citizens

the structures of the system have collapsed heavily, so no magic any politicians will do to restructure it. Even those that’s coming doesn’t want restructuring.

jogojogo:
True. I see how Beta Edu, Yahaya Bellio, Ben Ayade, Dino Melaye all have shown us examples.

Betta edu keee, that one Na confirmed criminal. She don chop the National cakes with her scams in the government.

Fearurcreeator:
Sowere worst ... He doesn't want to start small very useless being ... At least Obi was a governor....

hmm 🤔 maybe he should contest for the Ondo State governorship Election

Timmi:
When PandoraObi was the governor, didhrso any better? He looted the State dry, no infrastructural development and no single industry for his entire 8-years.

hmm 🤔 some people said he change the economy of Anambra State. Some said he rebuilt Anambra Economy in his 8 years in government.

oyebanji:
Freeze is trying to be politically correct as usual. " they would not have done anything different but, the youth will rally around them"

hmm 🤔 your comments is very deep with different meanings seriously.

HeroicMeastro:
Is PO a youth or is he a young man?

he’s between the both side. He’s still think in a youths way. He loves to mingle with the youths also.

BodyCount:
Unfortunately, Obi will be too old by 2027

I think Obi will be 65 years old by 2027

chidiokay:
To begin with is Peter Obi in the youth class, daddy freeze must have fried his brains with relaxer if not how can he put sowore and Obi in the same bracket,

If it is Youth turn to rule the country, how did Peter obi qualify as youth, some of you here una papa naa junior to Peter obi sef

😂 you have a bad mouth 👄. Wetin Peter Obi did to you now. 🐵🐵🐵🐵

Yes soo very true

Abeg they have the right to protest 🪧

fergie001:
This was during his wedding in June 2022.

you don burst the poster into one corner

FRANCISTOWN:
This is the best response on this thread.
I sincerely want more women, if possible every women to start seeing men as miserable beings who are not worth staying with. Because in fact, men are miserable beings for thinking they need to be with women.

At least, by then. Men will learn how to start using their brain and use women for what they are only meant for. USE & DUMP.

how will you see men as miserable beings. Go and modify your post back. I guess you don’t have husband

Is this not forceful hijacking of Osun state land niii. Court of justice should decide well on this case.

Land Tussle: Nigeria Army Appeals Judgment On 3,646 Acres Of Osun Land


The Nigerian Army has appealed the judgment ordering it to relinquish possession of 3,646 acres of land located between the Kelebe area and Omu Stream in the Osogbo/Olorunda Local Government Areas of Osun State.

An Osun State High Court, sitting in Ile-Ife, had on January 10, 2023, declared the acquisition of the land by the army as unconstitutional and illegal.

The plaintiffs, Amodu Akanbi, Sulaiman Folorunsho, Ibraheem Olabode, Rasaki Tiamiyu, and Yekini Salawu, on behalf of the Kelebe-Omu land owners’ families, had dragged the Attorney General of the Federation, Minister of Defence, Post-Service Housing Development Limited, the Nigeria Army, and the Chief of Army Staff to court for alleged forceful takeover of their land.

In the suit marked: HOS/40/2020, the plaintiffs argued that the land acquisition was ‘incomplete and inconclusive’ since the owners received no notice of intention to acquire the land.

Justice A. O Ayoola of the court ordered the Nigerian Army to relinquish the land and awarded N200m against the defendants as damages for the destruction of the land.

However, in a statement on Tuesday, the Director of Army Public Relations, Maj. Gen. Onyema Nwachukwu said the army has filed an appeal to overturn the High Court decision at the Akure Division of the Court of Appeal.

Onyema maintained that following the appeal, all parties are advised to maintain the status quo till the appellate court delivers its verdict on the matter.

The statement partly read, “Suffice it to say therefore, that the Nigerian Army has taken cognisance of the judgment of the High Court of Justice of Osun State in the case of Chief Amodu Akanbi Suleiman Folorunsho & Others V. Attorney General of the Federation & Others.

“The Nigerian Army has initiated an appeal against the decision of the lower court at the Court of Appeal, Akure.

“It is trite that the filing of an appeal against a court decision operates as a stay of execution of that court decision. Thus, it is only advisable that all parties maintain the status quo until the resolution of the appeal.


“As an institution committed to upholding the rule of law and respect for the rights of the citizenry, the Nigerian Army will unabatedly continue to be a law-abiding institution and at all times, pursue the fulfillment of its obligations under the law.”

Onyema stated that portraying the Chief of Army Staff, Lt. Gen. Taoreed Lagbaja, and his office as the main figure in the land dispute was wrong, adding that the land tussle existed before his appointment.

“The attempt therefore, to wrongly portray the person and Office of the Chief of Army Staff as the protagonist behind the land tussle in the media and the eyes of the public, just to draw attention to the said High Court judgment and present it as a current issue being implemented or driven by the COAS, is simply a clear act of mischief that will serve no useful mediatory purpose, but only to denigrate the hard-earned excellent reputation and integrity of a detribalised, selfless and patriotic Chief of Army Staff, ” the statement added.




https://www.osundefender.com/land-tussle-nigeria-army-appeals-judgment-on-3646-acres-of-osun-land/

The investment summit in Qatar should benefits Nigeria people and not the elites oooo

Emperormartin:
Story!!!

Iwobi that is planning to quit international football

really, he’s still young to do that ooo

Na pa Fashoranti Afenifere faction dey talk here

Wow that’s great . Meanwhile, "Be a man and restore your pictures and videos on Instagram" — Actor Lege Miami tells Alex Iwobi

https://www.youtube.com/watch?v=rZZL1MjecfU

Good one. Population of these states have increased rapidly