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Nairaland Forum / Nairaland / General / Business / Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs (22365 Views)
Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs / Dollar Scarcity Stops Capital Repatriation By Investors / Naira Faces Further Decline On Continued Dollar Scarcity (2) (3) (4)
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Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by Adesiji77: 5:53pm On Nov 10, 2016 |
Dollar supply is at low ebbs in Nigeria’s foreign exchange market but it may get worse after security operatives, the Department of State Security (DSS), allegedly arrested select Bureau de change operators for selling the greenback above N400/$. http://www.businessdayonline.com/dollar-scarcity-to-worsen-as-security-operatives-clamps-down-on-bdcs/ 2 Likes 3 Shares
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Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by Oxenomy: 6:18pm On Nov 10, 2016 |
Very soon, dollar will shoot up to 600/$ Lalasticlala front page please, lets educate the masses to get prepared. 16 Likes |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by Nobody: 6:20pm On Nov 10, 2016 |
Myndd44, kindly do something |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by drss2(m): 6:30pm On Nov 10, 2016 |
soldiers used to forced down price of goods in 1984. dss used to forced up d value of d naira in 2016. history repeating itself all ova again. 116 Likes 6 Shares |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by modath(f): 6:31pm On Nov 10, 2016 |
Buhari may have good intentions but his methodology is flawed.. Only the FORCES of demand & supply can determine pricing, brute force will only lead to scarcity, which will only make a bad situation worse... We know quite well saboteurs & speculators are the unseen hands driving up forex rate... cracking down on BDC operators is the wrongest move to make... 36 Likes 2 Shares |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by obailala(m): 7:35pm On Nov 10, 2016 |
modath:I think this brute force is only meant for criminal BDC operators who take cheap forex from a privileged channel (Travelex/FB), then go on to sell at a price which far exceeds the price they agreed to sell when they were given the cheap bills. An agreement is an agreement, if they want to sell at parallel rates, then they shouldn't buy at privileged rates. That is not to say the CBN's policy of forcefully controlling the rate makes any sense, but the BDCs shouldn't be criminally greedy. 24 Likes 1 Share |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by uboma(m): 7:43pm On Nov 10, 2016 |
the FG has lost it. they lack sound economic policies to boost the economy. force is now employed by the FG to make the Naira appreciate. Alas, this show of force will only be a futile effort.... 19 Likes |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by veekid(m): 8:11pm On Nov 10, 2016 |
Buhari vs Trump 3 Likes |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by NotNairalandi(m): 8:13pm On Nov 10, 2016 |
please house whats the latest news now about Chidinma okeke and the cucumber did she later ate the cucumber? 8 Likes |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by jaheymezz(m): 8:13pm On Nov 10, 2016 |
So make we run?? He no kuku STP boiz frm #yahoo(inq) |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by takenadoh: 8:13pm On Nov 10, 2016 |
Hmmm nothing we no go see instead of enjoying Trump |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by kings09(m): 8:14pm On Nov 10, 2016 |
Nawa oo. Buhari n his gra gra approach. Som1 pls wake Buhari n tel him dis is 2016 not 1984 abi which kain president be dis sef. Christmas season will soon arrive n he ll spoil d season wit his thought-less brain. Wch kain punishment we come get in dis presidiot. Repair d bad economy n encourage production n u ll see d naira strengthen. Truly Buhari needs a lesson in Basic Economics. Abi iru aboki wo leleyi 13 Likes |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by DickDastardly(m): 8:14pm On Nov 10, 2016 |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by hotspec(m): 8:14pm On Nov 10, 2016 |
But DSS why? 1 Like |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by ephi123(f): 8:15pm On Nov 10, 2016 |
Even the zombies are wailing in the comments above, lmao!!! I thought Buhari could do no wrong So it's now you guys realise his methods are archaic 25 Likes |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by Fantastic2m(m): 8:16pm On Nov 10, 2016 |
Everything na DSS lately.. Lemme be watching how this plays out 17 Likes
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Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by TheDEVlLHimseIf: 8:16pm On Nov 10, 2016 |
now everyone will agree with me that Buhari is a terrorist an economic bokoharam a vagabond and a useless nonentity kunu drinking bastard 35 Likes |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by martineverest(m): 8:17pm On Nov 10, 2016 |
good.,..y are nigerians heartless and too criminal-minded? 1 Like |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by kings09(m): 8:21pm On Nov 10, 2016 |
...the likes of madridguy, modath n dropshot will be hapi especially wen peeps r suppose to be looking forward to a lovely Christmas season Oxenomy: 3 Likes |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by Gp2013(m): 8:21pm On Nov 10, 2016 |
what kind of country is this government projecting towards, that they can bring down the prices of things with brute force... their economy team should work if they have one 2 Likes |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by Fantastic2m(m): 8:23pm On Nov 10, 2016 |
they take a drastic action and it affects us strongly. Who do u think have been used most negatively? 1 Like |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by AnodaIT(m): 8:25pm On Nov 10, 2016 |
[size=14pt]We are back where we started[/size] 18 Likes 1 Share
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Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by idolda: 8:27pm On Nov 10, 2016 |
Someone actually told Bubu that the forces of supply and demand determines the exchange rate but since the speech fall on Bubu ear wey get problem and it wasn't written in cartoon baba come think say na force of DSS the guy meant Well done Bubu! 7 Likes 1 Share |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by Nobody: 8:27pm On Nov 10, 2016 |
TheDEVlLHimseIf: He's not wrong all the time. Government sold to the BDC after accepting to sell to their customers at an agreed price. Why then are they deviating from the agreement ? They buy from government at 380 only to sell to the public at 460. That's not business but pure wickedness. 7 Likes 3 Shares |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by steppin: 8:28pm On Nov 10, 2016 |
Clamping down indeed. |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by BrutalJab: 8:29pm On Nov 10, 2016 |
Bullhary! See your life. |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by kingcomet(m): 8:30pm On Nov 10, 2016 |
Make I buy more bitcoin incase 1 Like |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by Realdeals(m): 8:31pm On Nov 10, 2016 |
Government can dictate the price if they sell Forex to them. What do you call buying at N380 and selling at N460? 1 Like |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by TheDEVlLHimseIf: 8:32pm On Nov 10, 2016 |
Bluetooth2:ok if it's true then they deserve it 1 Like |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by appini: 8:33pm On Nov 10, 2016 |
Blackout 2 Likes
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Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by lordyugo: 8:35pm On Nov 10, 2016 |
modath: welcome to the light.gradually but steadily u will understand why concerned citizens criticize the deeply flawed economic policies of this regime without you thinking its tribe/region motivated. 3 Likes |
Re: Dollar Scarcity To Worsen As Security Operatives Clamps Down On BDCs by oluwaahmed: 8:36pm On Nov 10, 2016 |
Fantastic2m: Omo DSS dey vex. Last week dem cme arrest 1 fowl & 1 goat wey bn dey fight |
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