Nigerians be alert as CBN has given directive to all BDC operators not to sell Dollar above N210 to Naira. It was issue last week at the meeting.

So when purchasing Dollar from any BDC or PARALLEL operator, bargain from the above.
Mind you they wouldn’t let you know.Some BDC operators were arrested last week for failing to follow CBN directive concerning price of Dollar

Also there is enough Dollar in the market, don’t be misinformed of shortage of Dollar because CBN have put in place ways to prevent shortage for now.

Remember this is one of the strategies of CBN to prevent Naira depreciation against the Dollar.

Nigerians be informed, be wise.

Source:http://www.nairausd.com/2015/08/nigerians-be-alert-as-cbn-issue.html

Twitter@ https://twitter.com/

Good information..
Anyone going to fight Aboki over exchange rate, Na u know..

m

The way it is, most BDC operators will soon be forced out of business as people won't be having need to source for dollars through the parallel market

Noted!

Bugatie:
The way it is, most BDC operators will soon be forced out of business as people won't be having need to source for dollars through the parallel market

My bro don't be deceive, CBN are trying for them plus most BDC operators are greedy

@ barcanista
@ lalasticlala

ifyan:


My bro don't be deceive, CBN are trying for them plus most BDC operators are greedy

Am not sure you understood what I wrote above

Ok. Noted

Bugatie:


Am not sure you understood what I wrote above

Explain

Bugatie:


Am not sure you understood what I wrote above

He is saying they over inflate prices. What they can do is if CBN sells for #1 they can sell for 99 kobo . That way they will still have market to favour people like me and people like me will patronaise them rather than the bank

Good one. just wondering, how we'll go about the $300 daily online limit... what do you think about that ifyan?

kennyman2000:
Good one. just wondering, how we'll go about the $300 daily online limit... what do you think about that ifyan?

To be sincere l can't for now because CBN knows the best. Mind you its long term goal.

delishpot:


He is saying they over inflate prices. What they can do is if CBN sells for #1 they can sell for 99 kobo . That way they will still have market to favour people like me and people like me will patronaise them rather than the bank

I get your point,but dollar/Fx based transactions have almost been stamped out by the CBN, what this means is that most companies that would before now requested for dollar payment have reverted to naira.

Even most banks do not accept foreign currencies from domiciliary account holders anymore. With these developments, business will be very low for BDC operators.

ifyan:


To be sincere l can't for now because CBN knows the best. Mind you its long term goal.

Okay.... Am sure, boys will also be working on this right now.. An alternative must come up.

Bugatie:


I get your point,but dollar/Fx based transactions have almost been stamped out by the CBN, what this means is that most companies that would before now requested for dollar payment have reverted to naira.

Even most banks do not accept foreign currencies from domiciliary account holders anymore. With these developments, business will be very low for BDC operators.

Now I understand you. As they have stopped recieveing dollars people will stop buying dollara for business purpose. I hope they change that policy soon sha.

kennyman2000:


Okay.... Am sure, boys will also be working on this right now.. An alternative must come up.

There is something I think we Nigerians fail to understand is when our Gov. fail to perform, we(Nigerians) should pressurize them and not praise,hail or idolize them. When them misbehave then the law should take place, believe me our country go beta

FP for everyony to be informed

Nigeria: PH Refinery - Fuel Importation To Crash - Chrome Oil Chairman

http://www.nairausd.com/

ifyan:
FP for everyony to be informed

the twitter link to the cbn is not showing

Wow, that's good news. Let the law be applied to the banks also because their naira to dollar exchange rates r WOW . E.g GT Bank, UBA, ECOBANK, etc.

Am stil folown dis closely, one ting I kno for sure is dat u can't peg one curency amount to anoder, this is just an economic blunder.price re generated 4rm demand and supply theory, its just like u going to tel garri seller in a market to sell @a price wen dey can sell @anoda price somwre, wil all this work?

This is good news

We can not allow what happened to zimbabwean currency to occur in Nigeria.

I wish it's true.

Bad news for BANKS

lalasticlala:


the twitter link to the cbn is not showing

No,it's directed to NAIRAUSD Twitter account

Really?

I'm still following this if it is true or not.