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Nairaland Forum / Nairaland / General / Politics / EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira (32345 Views)
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Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by fxexperts: 3:52pm On May 11 |
ProjectsCityNG:Like i said again, you need to have sense to know that if the can do their part right dollar will automatically phase out of the Nigerian economy. the same useless government that are selling their crude in dollars, the same government people that are charging for VAT on goods and services import duties in dollars are the same people telling schools and embassy who deal with foreigners not to accept dollars. una ehnn.. Hypocrisy with you guys are 5&6. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Amotolongbo(f): 3:52pm On May 11 |
Putindbutt:The reality is the Naira started dropping against the dollar when the allegation of using the the foreign reserve to rescue the Naira was made. True or false? If you don’t agree, you can go and die, I don’t care 🤷🏼♀️ |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by ProjectsCityNG: 3:53pm On May 11 |
fxexperts: Trying to sound woke. Abeg run along. I'm busy kid |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by SSpeter(m): 3:53pm On May 11 |
Idaytesj29:What about Nigeria Customs that charges in dollars? |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Chucks13: 3:54pm On May 11 |
fxexperts: Better stop talking too much is not good for your health. I said Naira is OK here on Nigeria but in foreign countries the country legal tender is OK as Naira is OK here. Go and read my comment again OK. How can I be so stupid to tell an America in his country to pay in Naira. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Idaytesj29(m): 3:54pm On May 11 |
SSpeter: They should also stop. That's double standard. All reciept within the borders of Nigeria should be in Naira. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by SSpeter(m): 3:56pm On May 11 |
Idaytesj29:and the oil companies too, should all remit in Naira? ![]() |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by fxexperts: 3:57pm On May 11 |
ProjectsCityNG:Their usual antics. i guess you have nothing more to say. dumb like a normal agbadorian. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by SSpeter(m): 3:58pm On May 11 |
[quote author=Ogeneigbo1 post=129897131]This is a great move if sustained. Anyone against this decision don't actually know what he or she wants for Nigeria. Another one should be mandate banks to start serving their customers with foreign transaction needs without asking them to buy dollar from BDC . Open up all blocked channels so that customers can pay equivalent with their naira cards. quote]What about Nigeria Customs that charges in dollars? Should oil coys also remit Naira |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by fxexperts: 3:58pm On May 11 |
Idaytesj29:that is the hypocrisy of those useless lots na. we are being ruled by the dumbest among us, that is why we are where are today. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by SSpeter(m): 3:59pm On May 11 |
Navalsadiq:is it the China that has the largest dollar reserve or another China? |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Ogeneigbo1: 4:02pm On May 11 |
[quote author=SSpeter post=129901503][/quote] you have raised a very vital point. everyone is watching.. Nigerian Customs cannot be collecting duties and levies in dollars, its a big crime .. but with this directive ,lets see what happens. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Ogeneigbo1: 4:02pm On May 11 |
you have raised a very vital point. everyone is watching.. Nigerian Customs cannot be collecting duties and levies in dollars, its a big crime .. but with this directive ,lets see what happens. [quote author=SSpeter post=129901503][/quote] |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Vulcan24(m): 4:02pm On May 11 |
Years of inaction and neglect has bade an hydra headed problems! As u are cutting one u see more to cut! The govt should sustain the tempo and look at all unconventional inflationary causes bedevilling the country! If need be use underhand methods. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Putindbutt: 4:04pm On May 11 |
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Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by fxexperts: 4:05pm On May 11 |
iLoveYouToo:Ask those fam of yours if the will be willing to pay for service in abroad with naira or the host countries currency. lets assume they want to renew their Nigerian passport there in the UK. i can bet you all will choose to pay with their foreign currency unless there is discount for using Naira to pay. do they earn naira there or they convert their ponds or dollars to naira so they can be able to send funds to their loved ones in Nigeria. to start with their debit card will not work their unless you want to take a Nigeria POS machine over there. why must i convert dollar to naira and probably lose some amount for charges and commission to be able to make payment i can do by just pay with dollars with the conversion where i will not lose anything. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by SSpeter(m): 4:06pm On May 11 |
Ogeneigbo1:...and oil companies in Nigeria Should also remit Naira? |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by GUNITGuy: 4:06pm On May 11 |
CheapHomes1:My brother that's Politics for you in whose only objectives is to be in Power...A fool idiot could attain Political power of he plays it either dirty or clean |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Putindbutt: 4:07pm On May 11 |
Amotolongbo:What is this illiterate talking about?, we have $32billion in reserves, do you think govt cares about your empty noise?. CBN was selling dollars to banks and BDCs, not giving them for free. illiterate blockheads. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by iLoveYouToo(m): 4:15pm On May 11 |
fxexperts: If the reverse were the case I’d buy into your view. It’s cheaper to pay in Naira , these people aren’t charged black market rates. Some have savings in Naira accounts |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Ogeneigbo1: 4:16pm On May 11 |
who made dollar the universally accepted currency for trading in any country? is only in Africa that we see these things happen. even in some African countries they don't do it, they use their local currency. in other countries of the world , they have their currency and they use it to trade locally. yes, you can pay equivalent anywhere in the world. but you don't use another man's currency to trade in your own country .. SSpeter: |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by GUNITGuy: 4:18pm On May 11 |
Why should individuals working in Nigeria be paid in dollars on no account should they be paid such .... including the oil workers is totally wrong... Until we love this Country we would continue to hurt her because of our selfish ego ..... On no account should anyone be paid in dollars within the territory of Nigeria by Foreign Multinationals..... Let's buy a Leaf from Russia how they survived sanctions....All gas trade it's in Rubbles you don't have to go to STRIPE to obtain dollars you must buy their gas in Rubbles.... If we truly want to become great nation then work up Nigeria to become self sufficient.....Stop white elephants project we've been doing this for too long we need to transfer Capital to people to become Globally Competitive.... That's the sacrifice we have pay to bequeath a nation suitable for our unborn Children and their children to Come ....Any Leader still thinking bringing Road projects without economic stimulus on the Growth of the people is deceiving him or herself |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by IbeOkehie: 4:34pm On May 11 |
Nigerians have common sense when it comes to their PERSONAL interests. Nigerians will continue to transact in dollar until a free float of the naira is implemented. And there's nothing the EFCC can do about it. Good Luck to Nigeria. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Idaytesj29(m): 4:43pm On May 11 |
SSpeter: Oil companies are multinationals,in Nigeria but doing transnational business. Their dealing with FG is not basic transactions of daily needs or people normal everyday, weekly spendings. They are operating international business thus it should be in dollars. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Segzy19: 4:49pm On May 11 |
This is long overdue |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by emonis88: 5:13pm On May 11 |
Support this 100% |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by daddy001: 5:21pm On May 11 |
Addressing naira depreciation requires a multi-faceted approach. While mandating the use of naira in financial transactions can help stabilize the currency to some extent by increasing demand for it, it's just one piece of the puzzle. Other measures such as fiscal discipline, monetary policy adjustments, and strengthening the country's economic fundamentals are also essential. Additionally, addressing underlying issues like corruption, improving investor confidence, and diversifying the economy can contribute to long-term stability. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Amotolongbo(f): 6:06pm On May 11 |
Putindbutt:Continue exhibiting your delusion. See how the cretin is talking as if he is the treasury janitor who knows what comes in and goes out. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by MarketDispatch: 6:13pm On May 11 |
Yeye de smell...how will they pay expatriates their money |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Putindbutt: 6:18pm On May 11 |
Amotolongbo:If you're so dumb to follow up on statistics about the economy, you can continue to rot your life away on nairaland to depend on secondary junks, lazy slowpoke |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by Amotolongbo(f): 6:37pm On May 11 |
Putindbutt:What statistics? What is the source of the data for the statistics? How reliable is the data? What reasonable human being takes the stat serious in Nigeria when the President already said “na statistics we go chop?” Honestly, your head is so empty, even air no dey there. |
Re: EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira by NosaJH: 6:39pm On May 11 |
Powerhouse5050:Oga go and sit down. Which nigerian holds naira abroad. So what does " they mandated the nigeria embassy to accept naira" sounds to you. |
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