Stats: 3,176,357 members, 7,897,593 topics. Date: Monday, 22 July 2024 at 04:27 PM |
Nairaland Forum / Panpan's Profile / Panpan's Posts
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What was the purpose of the Economic And Financial Crimes Commission (EFCC) going after bureau de change (BDC) operators? The law of demand and supply will always take its course. The fundamental question is this: Who is expected to be the primary source of foreign currency transactions to the public? It is the banks. The Central Bank sells dollars in bulk to the commercial banks. However, the foreign currency transactions are not provided directly by the banks. A bank customer has to purchase foreign currency from outside the bank, before he can make a deposit for an international transaction. As for the allegations of currency speculation, the federal government previously made a decision to float the naira. They have got their wish. |
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What was the purpose of the Economic And Financial Crimes Commission (EFCC) going after bureau de change (BDC) operators? The law of demand and supply will always take its course. The fundamental question is this: Who is expected to be the primary source of foreign currency transactions to the public? It is the banks. The Central Bank sends dollars in bulk to the commercial banks. However, the foreign currency transactions are not provided directly by the banks. A bank customer has to purchase foreign currency from outside the bank, before he can make a deposit for an international transaction. As for the allegations of currency speculation, the federal government previously made a decision to float the naira. They have got their wish. |
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The law of demand and supply will always take its course. The fundamental question is this: Who is expected to be the primary source of foreign currency transactions to the public? It is the banks. The Central Bank sends dollars in bulk to the commercial banks. However, the foreign currency transactions are not provided directly by the banks. A bank customer has to purchase foreign currency from outside the bank, before he can make a deposit for an international transaction. As for cryptocurrency platforms, the federal government previously made a decision to float the naira. They have got their wish. |
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The law of demand and supply will always take its course. The fundamental question is this: Who is expected to be the primary source of foreign currency transactions to the public? It is the banks. The Central Bank sends dollars in bulk to the commercial banks. However, the foreign currency transactions are not provided directly by the banks. A bank customer has to purchase foreign currency from outside the bank, before he can make a deposit for an international transaction. As for cryptocurrency platforms, the federal government previously made a decision to float the naira. They have got their wish. |
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What was the purpose of the Economic And Financial Crimes Commission (EFCC) going after bureau de change (BDC) operators? This report is not complete. |
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One of the major causes of the fall of the naira is external borrowing. When the federal government takes external loans, they are indirectly taking money from the Nigerian population through naira devaluation, increase in the price of petroleum products, and general inflation. 15 Likes |
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A male child born today, for example, may grow up to become a man like his father; but the male child will not become his father. And of course, neither will the male child become his mother, even though the child would have traits from both parents. |
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Where are the United States biolabs in Nigeria? Kindly mention their names and where they are located. |
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The Supreme Court has held that the Economic and Financial Crimes Commission (EFCC) does not have the powers to prosecute offenses that are not corruption cases and that the only corruption cases it can investigate are cases involving the movement of cash from Nigeria to foreign countries and corruption cases involving federal finances, being a creation of federal law. EFCC should not arrest anybody unless the allegation is about "illicit financial outflow from Nigeria", or "corruption cases involving federal finances". |
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The Supreme Court has held that the Economic and Financial Crimes Commission (EFCC) does not have the powers to prosecute offenses that are not corruption cases and that the only corruption cases it can investigate are cases involving the movement of cash from Nigeria to foreign countries and corruption cases involving federal finances, being a creation of federal law. EFCC should not arrest anybody unless the allegation is about "illicit financial outflow from Nigeria", or "corruption cases involving federal finances". EFCC should stop harassing a particular group of young men just because they appear to be doing well financially. |
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The Federal Capital Territory Administration (FCTA) should state the charges in naira. The FCTA should respect the national currency. I am sure that the FCTA equivalent in the United Kingdom (UK), for example, state their charges to Embassies and High Commissions in UK pounds. |
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These rules will discourage the study of nursing and midwifery in Nigeria. These conditions will encourage slavery in the employment of nurses and midwives. |
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It is sad that West African countries have allowed themselves to be divided, just to please outsiders under the guise of democratic rule. |
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For this particular pardon, perhaps she should have waited until the last day of her presidential term. |
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These rules will discourage the study of nursing and midwifery in Nigeria. These conditions will encourage slavery in the employment of nurses and midwives. |
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These rules will discourage the study of nursing and midwifery in Nigeria. These conditions will encourage slavery in the employment of nurses and midwives. |
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The cultivation, and possession of cannabis should be decriminalized. |
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DeeGov123: Semi-Finals Nigeria will play with the winner of Cape Verde v South Africa. |
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Did the African Union (AU) express regret when the Economic Community of West African States (ECOWAS) suspended Mali, Burkina Faso and Niger? It is sad that West African countries have allowed themselves to be divided, just to please outsiders under the guise of democratic rule. 1 Like |
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It is sad that West African countries have allowed themselves to be divided, just to please outsiders under the guise of democratic rule. |
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The naira devaluation is as a result of the federal government's external borrowing, for which the Senate gives approval. When the federal government takes external loans, they are indirectly taking money from the Nigerian population through naira devaluation, increase in the price of petroleum products, and general inflation. |
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When the federal government takes external loans, they are indirectly taking money from the Nigerian population through naira devaluation, increase in the price of petroleum products, and general inflation. 3 Likes |
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This is multiple taxation. 2 Likes |
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It is difficult to watch a video with a moving signature at the centre of the screen. |
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This looks like another loan, from Hong Kong (China). The loan is to be repaid by giving 99 years concession to a Chinese company. ![]() We should not allow a foreign country to control our ports. |
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It is difficult to watch a video with a moving signature at the centre of the screen. 1 Like |
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The Human Rights Council of the United Nations (UN) is just a tool to control nations under the guise of "human rights". The Human Rights Council is not really concerned about death penalty in Nigeria; they are just trying to see how far they can bully nations into submission, using Nigeria as a test case. |
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A Nigerian themed animated series is okay; however, beware of Disney. |
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What does AIS mean? |
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When will the leader or top government official of an African country visit several non-African countries consecutively on a tour? |
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When the federal government takes external loans, they are indirectly taking money from the Nigerian population through naira devaluation, increase in the price of petroleum products, and general inflation. 1 Like |
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