₦airaland Forum

FreeStuffsNG:
Smh. If it's since last year, Stanbic will not just be informing their customers now. The effective date is April 1, 2024


They will be tracked down, arrested and prosecuted. Most BDCs have lost their licenses and their collaborators on Binance are now under the radar of security agencies.
Very soon, even people will be chasing naira with USD. For most Nigerians, if they are are to be paid in Nigeria today, they will rather collect naira than USD because of the stability now in the forex market unlike before.

There is a difference between black market and BDCs. BDCs are currently highly regulated by CBN. Black market includes you and I who have FOREX at home or in accounts with banks, e-wallets and others. They will keep doing P2P transactions which are not illegal.

FreeStuffsNG:
Nigerian banks are now requesting that customers applying for forex transactions via a Form A must now provide at least the last 3 years tax clearance certificate.

Forex speculators ti keran se. From the streets to crypto platforms to banks, they will be smoked out. President Bola Ahmed Tinubu's administration will defeat all the unpatriotic elements and their collaborators online and offline.

God bless Nigeria for ever! Check my signature for free stuffs!

This will only embolden the black market operators and force more people to return to the black market.

The higher the demand for forex on black market, the higher the exchange rate for forex and ultimately the wider the gap will become between black market and official market rates.

ConfidentialDoc:
Let the junior officer try that in the US army....

In fact, the behavior of the junior officer is disrespectful in view of all Armed Forces all over the world.

Bubu4Sea:
This genocide.

Define genotype

Mrchippychappy:
Make dem talk true, this thing na bunkering deal wen no end well. Somewhere in the deal someone got greedy.

Make una no dey seek sympathy from us. Tell us what really happened

Edit: Look at their ranks, this no be small boys nah. Na money movement cause this thing

Even if maybe oil bunkering deal-gone-wrong, should that necessitate killing of that number of soldiers?

That community can't claim ignorance of the actions of the criminals. In fact some of the criminals are known in that community

Akwamkpuruamu:
The best approach to this should not be raising down the community but tactically getting the culprits one after the other.

It's a genocide to shoot at sight, even old men and women who had no hands in these death of our soldiers.

I actually don't support this ambush. It's too bad but as a patriot, go after the killers and not the innocent, except you are saying all the members of that community are the killers of this soldiers

When the soldiers are done, you can file a case of genocide against the army in any court of your choice.

Ensure that you come with proof.

enemyofprogress:
e pain am

Says "oloriburuku omo"

enemyofprogress:
Son of Ishmael, the cursed one in severe pains

Your generation is in severe pain

enemyofprogress:
Son of Ishmael, the cursed one spotted

God punish you. You and your generation are cursed by me.

May the fate of the Palestinians in agony, dead and innocent children and adults of the Palestine that have been attacked, harrassed and oppressed by the terrorist IDF and Israelites befall you.

enemyofprogress:
Son of Ishmael spotted

Call me whatever, I don't care.

I am an advocate of a free and independent Palestine and that nation must become legitimate.

Kiss my ass, idiot!

Andrelade:
Your end is near.A two state resolution will put an end and ensure that you are not more a threat to the Palestinians.
You cant imagine an independent Palestinian state .
They will be free and can defend themselves.Imagine a Palestinian state that can manufacture their own weapon and all .
I know you wont there near them .

It is not even about weapons, it is about independence of a people called Palestines.

That nation of Palestine must become legitimate and coexist peacefully with Israel without negatively influencing one another other

EEIA:
If only Israel listened and finished all descendants of Ishmael in the days if the bible as instructed. The world would have long been rid of these pests.

Any creature that hits its forehead on the ground to the east facing the Sun five times a day while pointing its anus up the west doesn’t deserve to exist.

these creatures are mostly found in the middle east and North Africa.

You are mad

Righteousness2:
Only those with Fake love for ISRAEL will be against ISRAEL Finishing off the mission in Rafah.
Only those Who hate ISRAEL and the Jews will be against finishing off these Demonic Terrorists.

You cannot make deals with terrorists who brag that they will do an October 7 massacre again and again.
You Dont make a deal with people whose sworn life ambition is to Destroy you.
You dont make deals with the devil. You SMASH him , CRUSH him and Move Forward

No nation on Earth has done half of what ISRAEL has done protect real innocent Civilians in a war like ISRAEL has Done.

Every Terrorists hiding in their Holes in Rafah should Surrender or quickly write their will before they are delivered to the land of virgins.
Not even sleepy Joe or kamala can save you.

Nomerica today is a nation begging for Destruction .
Any real bible prophecy student knows Nomerica will be destroyed . What is Amazingly Fearful is how Biden presidency is Fast forwarding the Destruction.

ISRAEL is the Only nation on Earth that knows its Past, its Present and its Future.
They know nations ( Friends and Foes) will come against them Zechariah 12
They know the troubles they will go through. They know GOD will save them from it. Jeremiah 30:7
They know GogMagog alliance of Russia, turkey, Iran and a host of nations will come against them soon. Ezekiel 38 and 39

With or without America, ISRAEL will do what it wants to do. Infact in the Gogmagog war og Ezekiel 38, America is no where.

With or without any Nation, The GOD of Abramham, Isaac and ISRAEL will Defend HIS Land.

The World needs ISRAEL much more than ISRAEL needs the World.
GOD'S Foreign Policy is Pretty Simple.
You Bless ISRAEL, you will be Blessed.
You Curse ISRAEL, you are Cursed.

GOD Bless the Apple of His eyes, ISRAEL.
GOD Bless the IDF
GOD Bless Benjamini Netanyahu.

VICTORY! VICTORY! VICTORY!

You need medical check up especially in a psychiatrist hospital.

Which God will bless Israel, IDF and Netanyahu?

Is Netanyahu a Christian?
The population of Israel that is Christian is less than 5 %.
The majority of Israelites are Jews who practice Judaism as religion.

This Israelites are terrorists, they are selfish and opportunists; they are terrible people.

Which bible supports destruction of life and property in the name of whatever?

You are also a potential terrorist yourself. Your heart is evil yet masquerading as a saint.

jazzman7711:
You are a DUNDERHEAD with FOAM where your brain should be.

Emotive dunce.

Whoever told you people that being the president means you can “destroy” whoever is giving you problems without inviting blowback to yourself, is the cause of your thoughtless idiocy.

Idiot!

Terrorists are destroyed everywhere around the world. Bandits are terrorists and they must be eliminated.

There can be no negotiations with terrorists.

I think you are one of the bandits.

jazzman7711:
You’re myopic, unintelligent, and driven by emotion.

You have a serious psychological condition that requires you to be checked mentally.

Tinubu should not negotiate with terrorists. Set out to destroy them instead.

Skooltynz:
i mean what happens to psalm 23,is the lord no longer your shephard,and why are they scared of death is heaven not a beautiful place are they scared of heaven again too many unexplained mysteries.

They don't want to die ni

press9jatv:
I lost my virginity at 24 – BBNaija’s Tolanibaj




https://www.youtube.com/watch?v=p6M3peEqtaI?si=pg4ZdXWdnDN4sc_5

Who cares?

Kennyswag:
Please help my prepaid meter is tripping off and on.

What could be the problem?

Is there any code i can dial?

It is an Actaris ace 9000 SP meter

Mods please take to fp

Contact the DISCO that covers your location I.e. AEDC, BEDC, IKDC, EKDC etc.

Please note that you must not engage the devices of any electrician otherwise the DISCO will claim you tampered with the meter.

Make sure you make the report about the meter with a letter received by the disco's office and ensure you have an acknowledgement copy.

Be careful brother with these DISCOs my brother, their own pass police in terms of wickedness and extortion.

Moneyboyz:
Early last year I was motivated to start a beer distribution business, I did my research bought the land and constructed the building.

Unfortunately for me, I didn't know someone is selling just few blocks to where I acquired the land. Although the competitor was a small scale but I do not want to compete because there is also a coke/pepsi depot right next to it.

I've decided to go into manufacturing but I'm not sure what I could do. I need ideas and possible the required capital that would start it.

Please no pure water factory suggestions.

Thank you.

Your best option for the short term is to do a lease agreement for 2 - 3 years with interested users.

Use the 3 years to plan a viable business considering the business environment, funds available, capital outlay requirement and potential returns on investment over time.

Thank me later.

I am not from Edo state however, I don't see Olumide Apata will not be the next governor of Edo state.

Love56743:
Yeah and also fund your lifestyles like smoking, drinking, clubbing, carry any you wish for buy landed properties

Most of the items you listed are luxuries. Drinking alcohol, clubbing, smoking does not define or determine your comfort in life.

In fact, money talks less. Empty barrels make the loudest noises.

Love56743:
Bro the most important thing is to be rich and be able to take care of your responsibility as a guy

The most important thing is to be comfortable enough to meet your obligations to self, family and folks

Love56743:
My advice for all the youth in Nigeria to double your hustle, Anything you know that favour always do it though I'm not in Nigeria even I'm in Nigeria d econmy won't effect because of the way I earned, if you are making like 1 million to 2 million weekly you won't be complaining, my advice do anything you know that favours you..

How many legit hustle can earn a Nigerian in Nigeria 1 - 2 million naira weekly?

You na Yahoo boy ni?

Vision101:
Read very well the matured statement of TUC leader. They have been slighted four times by Ajaero. You can't compare leader of well trained workers and leader of jankara workers. Their thinking and approach differ.

TUC has been compromised. The leaders of TUC are on FGs payroll

Jennyclay:
It’s so glaring it was a self defense because being in a heated argument with a Nigerian man is very dangerous

They are all violent in nature, they are quick to raise their filthy hands or carry cutlass to butcher someone’s daughter

Bunch of woman butchers!!
Evil men!!

You are mad

BrodaBenad:
Are you even in Nigeria?


Which bank gives dollars?

If banks are giving why should we patronising BDC?


Even the western union trick I have been using since they have stopped giving dollars

The commercial banks have been in this dirty business with BDCs for years that is why most of them will not sell to you or legitimate buyers then. They would rather sell to BDCs where the banks and some of their owners and management have interests.

Today, commercial banks can meet your forex demands without the input of BDCs. They will do more when the BDCs are eliminated from the market because they will have no choice.

Duru009:
That man called Cardoso is totally and FULLY confused.....


What a pity

He know more than you and a lot too.

Bebigiby1:
BDC is not problem…. What the OP is proposing is foolish as banning BDC will make it worse…. it will be the final nail to Naira free fall… it will exacerbate the situation as surge in dollar scarcity make Naira trade for N5000 to $1…. OP think before you post….

I disagree with you.

You speculation will only happen if the Deposit Money Banks can't meet the legitimate demands of forex in the market.

Current CBN governor will not be the first and only governor to withdraw the licences of BDC operators.

Bebigiby1:
Banks can’t meet up with Nigeria’s forex demands this is the same hasty action that plummeted the exchange rate to where it is now…. BDC is not the problem these action of arresting will make it worse you will be the same person that will come to criticize the government for failing…

Why do you think Deposit Money Banks can't meet the legitimate forex demand in the market?

The government just need to implement some of the laws that can reduce the dollarization of the Nigerian economy.

There are several property rent/lease, property purchase and sale, ticket sale and other local transactions done in forex within Nigeria. These are illegal and often put pressure on demand for forex.

SoNature:
What is happening in Nigeria today has nothing to do with BDC operators. That was how Emefiele accused AbokiFX of everything wrong with Nigeria's FX speculation, suspended their account, and compelled the platform to stop posting exchange rates. What did that change after the nonsensical move?

Thank God I didn't expect anything from Tinubu that's why I never voted for him. In fact, in a serious government, they should talking about unbundling the NNPC to bring in experts so we can rocket our crude oil production and export. If this government was serious, they ought to be inviting local and foreign gas companies to harness our gas reserves. These are core areas we can get massive FX from.

But then, you cannot give what you don't have because Tinubu just recruited his tribesmen to hold sensitive positions in the name of Emilokan and everyone is paying the heavy price now.

Unbundling NNPC is another dimension. If Nigerian wants to increase forex from crude oil exports they can exit OPEC who regulates the quota for each member country.

Angola did same recently

DeLaRue:
There is no need to cancel all BDC licenses if they operate from designated offices and shops where the Cbn can easily monitor them.

The big problem is on-street sale of currency - this should be proscribed.

I am not aware of any other country in the world where up to 50 or more people will loiter on streets casually selling and buying currency.

That said, it is not going to be easy politically to ban mallams selling on the Street. Some of these people have been involved in the business for decades, and that is all they know. Banning them will result in massive political outcry by the North, and the whole policy will be enmeshed in accusation of tribalism.

It's like the government banning importation of certain goods imported predominantly by people from the South East. Accusation of tribalism will fill the air.

Nigeria is very complicated.

Cardoso will not be the first CBN governor to withdraw the licences of BDC operators.

It doesn't matter the people behind it, it has become a problem that can threaten the whole budget of Nigeria for 2024.

It requires urgent and drastic measures

MrCork:
I have juss been offer a job in in Kenya to help them capture missing female Lion and his angry puppies. The moiney is so good & tempting.
. I shall be travelling next week.

Tips, suggestions appreciated.
Please advise!!

"his angry puppies."

Was that an error or.....

The lioness's offsprings are cubs. Lioness is not "he" but female.