₦airaland Forum

Good one. Hope this open doors to more investment in the power sector in the state and generate more power.

When Biafra come with 40 states, I’m sure they will also have 40 airports. Abi?

Trump has won everybody is now claiming to be the one who supported him.

If he had lost , where will you all b?.

same thing if Obi had won, all these yeye internet influencer will not let us hear word.

StPete:
Another conduit pipe to syphon billions of Naira

All you think about is siphoning. When people like you get any opportunity you will definitely do worse.

Here are the key points:

- Authorised Dealers' Roles They must facilitate foreign exchange transactions, complete due diligence, ensure compliance with regulations, provide convenient market access channels, and ensure transparent pricing ¹.
- Legitimate Transactions All legitimate foreign exchange transactions must be concluded with authorized dealers, and dealing with unlicensed intermediaries is prohibited ¹.
- Bureaux de Change (BDCs): Licensed BDCs can buy foreign exchange from authorized dealers to meet customer needs, subject to the aggregate monthly cap stipulated by the CBN ¹.
- Code of Ethics: The boards of banks, CEOs, and Chief Compliance Officers must annually attest to the Nigeria FX Code of Ethics and Conduct, ensuring market integrity and compliance with CBN guidelines ².

These revised guidelines supersede previous circulars and guidelines, including those dated June 14, 2023, and April 21, 2017 ¹.

The Central Bank of Nigeria (CBN) has issued revised guidelines for participants in the Nigerian Foreign Exchange Market (NFEM) following the consolidation of all FX market windows. These new rules replace earlier circulars and guidelines.

Key Points:
1. **Authorized Dealers' Role**:
- Facilitate FX transactions for firms and individuals.
- Ensure compliance with relevant laws and guidelines.
- Provide transparent pricing and digital market access solutions.

2. **Legitimate Transactions**:
- All FX transactions must involve Authorized Dealers.
- Dealing with unlicensed intermediaries is prohibited.

3. **Bureaux de Change (BDCs)**:
- Licensed BDCs may purchase FX from Authorized Dealers to meet customer needs, within CBN's stipulated monthly caps.

These guidelines aim to deepen the FX market and ensure transparency and compliance.

LtChisom:
Chai! Pain, is that you?

Is everything pain to you? You must be really suffering.

I trust Obi, he will jump at this opportunity to show himself.

....

AlabiKILLER2021:
It will Never be well with Awolowo

The useless imbecillicc criminal
We're suffering too much in Yoruba land

To much hunger
With no hope in sight

No use claiming to be from SW. we are omoluabi, we don’t wake our parents with kicks.

Kionrae:
E go belle full Yoruba ppl

Just like this one

Yes.

What meaningful thing has this governor achieved

Buharidgeneral:
Why the camera

For people like you who say picture or I don’t believe it.

jaxxy:
They are not rocket science. Obasanjo was doing it.

It is suicidal to float ur naira with an unproductive and import dependent economy.

Without floating, we will continue to be import dependent

IfnobeGod20:
And you think an insider will come out to tell the true picture and not been sacked the next day? Except you're no more a Nigerian.

So an outsider knows more than an insider. Wonderment.

So you believe nnpc left stock in tanks for 3 years. Una be muumuu

From blending to old stock. What do we really want.

I’m certain the community do not want this refinery.

Instead of hoping to benefit from the increased economic activity, wait to see them start protest over useless issues. Black mind, black man mentality.

Host community secretary
Not a staff not an engineer just a community member who will still fight to crumble the refinery.


Arise TV is not a serious television.

Their negativity is too much.

Nigerians do not really want Port Harcourt refinery to work. It’s obvious.

Thank God for the life and safety of TD Jakes

If you are Ibo, it’s okay.

If you are any other tribe that’s very rude and disrespectful

Chinedu Ernest Ngwaka and his wife, Janet Onyekachi Ngwaka for their alleged involvement in a fraudulent scheme amounting to N320,000,000.00.


Usual suspect.

He said he is just an ordinary content creator.

Only that he has powers to control an entire region of gullibles.

jaxxy:
There are things u must get right b4 floating ur currency.

We put the cart b4 the horse now we are paying a price we can never finish paying because of stupidity and arrogance.

When will those things be put in palace? All govt since 1999 have attempted and failed.

Floating the naira is a bold, risky and right move.

Summary

In the short term, this is going to be messy. The naira will lose value before it finds its equilibrium. Currency fluctuations could get wild, and inflation might spike as the cost of imported goods rises. That is not exactly a recipe for stability, and people will feel it—in fact, it is all playing out already.

The key to this working in the long run is what comes next. If Nigeria can fix some of its deeper structural issues—like oil production inefficiencies, a reliance on foreign currencies, and an underdeveloped manufacturing sector—then floating the naira could be a good thing. But if the government just sits back and lets the naira float without addressing these issues, the move could backfire.

So, while floating the naira might seem like a bold step forward, it is really just the beginning. The real question is whether Nigeria can create the conditions that make this painful transition worth it in the long term. The promise of a more market-driven, competitive economy is real, but only if the country can stabilise the ship after it starts rocking.

Tinubu wasn’t in government at that time, I only wonder why he was targeted for attack.

Pointless if I could say.

The dilector who moved people to do that is currently rotting in kuje prison.

Attck on TVC was unnecessary and pointless during Endsars

Criminals but they blame politicians

When they reach 40 years they will be running up and down mountains praying for Husbands.

nedu666:
Yorubas obsession with lgbo affairs. Even the 3 obas fulanis killed did not generate so much attention like this. Moral of the story 1 lgbo man equal 1 million other Nigerians

You are now blaming yorubas. If not that the president sworn to protect the country, they should just leave you all to kill yourselves. After all the madness has been restricted to the east. The only problem is that there is mass exodus to other parts of the country especially the SW. mumuuuu people. Terrorist sympathisers .

CodeTemplarr:
While northern terrorist sponsors are still flexing and eating fat. Wonderment.

Them don start. All the bombarding all over the place is what. Victim mentality