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Nairaland Forum / Nairaland / General / Business / CBN Lifts Ban On BDCs, Introduces New Operational Mechanism (25762 Views)
CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices / CBN Lifts Ban On Cryptocurrency Transactions / CBN Lifts Restriction On Domiciliary Accounts, Allows $10k Withdrawals (2) (3) (4)
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CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by nlfpmod: 8:07am On Aug 19, 2023 |
In a bid to enhance the efficiency of the Nigerian Foreign Exchange Market, the Central Bank of Nigeria (CBN) has unveiled a series of operational changes for the Bureau De Change (BDC) segment. https://nairametrics.com/2023/08/18/cbn-brings-back-bdc/ 17 Likes 5 Shares
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Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Nobody: 8:09am On Aug 19, 2023 |
It's a gradual process, we will surely get there Nigerians should be patient with us, remember we didn't promise an overnight change, only the deceitful messiah did that. We met a huge mess on ground and only drastic decisions can make an effective change. 83 Likes 13 Shares
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Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by inoki247: 8:10am On Aug 19, 2023 |
Ok 2 Likes 1 Share |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by harmargedon: 8:11am On Aug 19, 2023 |
Good development. CBN abeg no use their financial report take bill them o 😂😂😂😂😂 7 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by ecolime(m): 8:11am On Aug 19, 2023 |
IconicR: 41 Likes
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Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by TooNoisy(f): 8:12am On Aug 19, 2023 |
Great move. Emefiele stopped the sale to BDCs and even went after the owner of abokifx. The dollar went from 150 to 750 vs $ under his reign. Speculators who are profiting at the moment should get ready. Naira will end up around 700 to a dollar. By 2025 when the Dangite refinery becomes operational, the naira will even appreciate further. 26 Likes 4 Shares |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by KEVIND: 8:12am On Aug 19, 2023 |
IconicR:Moving in circles . APC & Tinubu,let the poor breath ooo 27 Likes
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Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by jumper524(m): 8:12am On Aug 19, 2023 |
I love how the CBN are taking in constructive measures against those negative speculators who are hell bent on bringing the naira way below its value. These fellas were already gunning for 1k to a dollar, evil people. 44 Likes 2 Shares |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by phemmie06(m): 8:12am On Aug 19, 2023 |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Brendaniel: 8:12am On Aug 19, 2023 |
IconicR: The same mess you people produced for 8 years is what you want Nigerians to be patient with these trial and error methods you people are still using? Away from your matter now, These Tinubu and his cabinet are bunch of jokers, using trial and error formula to work when there is an almighty formula(fighting corruption) he can use but that will mean fighting himself. Because Tinubu is the definition of corruption 44 Likes 5 Shares |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by damilola4162(m): 8:12am On Aug 19, 2023 |
Meanwhile, Some Ex-Boko Haram terrorists embarked on a protest in Borno state over non-payment of their allowance. The former terrorists who are being held at Hajj Camp in Borno after surrendering to the Nigerian government, caused a gridlock after blocking Bulumkutu-Maiduguri highway during the protest on Friday, August 18. They accused the federal government of withholding the N30k allowance they were promised. Watch the video below 👇 Source: https://newspremises.com.ng/ex-boko-haram-terrorists-embark-on-a-protest-in-borno-state-over-non-payment-of-their-allowancevideo/ 2 Likes 1 Share |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by oz4real83(m): 8:13am On Aug 19, 2023 |
Dumb policy coming out again, the BDC operators don't determine the value of our currency, the level of productivity of our country determines the value the naira will have, too much foreign exchange is leaving the country through import, foreign education, healthcare and others, with just little coming in, an economy dies when such a situation happens . Fix the economy, power, repair our refineries, provide quality healthcare and education, stop dollarising party primaries, effectively fight corruption in all sectors and watch the naira will come back to life 69 Likes 5 Shares |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by flokii: 8:13am On Aug 19, 2023 |
Good initiatives from the present CBN boss.. watch how dollar will sell for #700 or less at black market. 17 Likes 1 Share |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by usecondom(m): 8:13am On Aug 19, 2023 |
Una confusion dey confused una. I don go... 7 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by datola: 8:13am On Aug 19, 2023 |
Hmm... not bad just that we have seen in the past that Abokis are smarter than CBN. 7 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Yugoslavia247(m): 8:13am On Aug 19, 2023 |
Another policy somersault. BDC na im go do daily and weekly account. BDC are business men. Now they will lobby for dollars. Try to alter the market to favour them. Then bring in the confusion again. Is like tinubu employs people without checks. Why no kukuma bring in fuel smugglers as fuel marketer. 10 Likes 2 Shares |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Generalyemi(m): 8:13am On Aug 19, 2023 |
Trail and error government 2 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Nobody: 8:13am On Aug 19, 2023 |
Incompetence 2 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by shortgun(m): 8:14am On Aug 19, 2023 |
Another trial and error. No planning No policy direction No roadmap No vision Tinubu is clearly confused and wasting scarce resources experimenting with policies without understanding their potential outcomes. Policies should be implemented with careful planning and research backed by empirical data. It's a shame Tinubu who claims to be an accountant but makes mockery of data and statistics,what we are witnessing today is what happens to people like Tinubu who doesn't believe data is important 9 Likes 1 Share |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by lenghtinny(m): 8:14am On Aug 19, 2023 |
Corn-fused lots 1 Like |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Siberia01(m): 8:14am On Aug 19, 2023 |
Big grammars with little or no effects Can someone please explain |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Nobody: 8:14am On Aug 19, 2023 |
KEVIND:Not our fault, Jonathan and Buhari are responsible for where we are today but be rest assured that everything will be fine in no distant time 12 Likes 1 Share |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Risingblue008(m): 8:15am On Aug 19, 2023 |
Hdhe 1 Like |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by KEVIND: 8:15am On Aug 19, 2023 |
IconicR:The blame game continues 18 Likes 1 Share
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Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by IMASTEX: 8:15am On Aug 19, 2023 |
IconicR:Una go explain tire like this so oh Buhari did same until his last day in office. The blame is now on the same administration you guys supported and owned. Yet the same Buhari was boasting that the people will miss his administration even though he knew Tinubu was taking over. A better country benefits all but a bad one will only favour the very few bad people which is the case of Nigeria currently. The worse that can happen to any country is for the citizens to lose hope in it, 9 out of every 10 persons are dying to japa like yesterday. While the 1% of the bad ones are sending prayers to personal email boxes. 5 Likes 1 Share |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by crossfm: 8:16am On Aug 19, 2023 |
Hehehe. I hope they get it right this time around. 1 Like 1 Share |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Rich4god(m): 8:16am On Aug 19, 2023 |
Lol.... I just dey laff this CBN, they don't know how these BDCs guys operate. No amount of regulation can keep them in check as there are too many of them who are unregistered and they will be the ones that will make this policy not to work. Reintro of BDC means CBN will be giving them dollar to sell to the public and there is no way CBN will be able to regulate them. 12 Likes 1 Share |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by wittywriter: 8:16am On Aug 19, 2023 |
Ok o Wittyness |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by eedimo(m): 8:16am On Aug 19, 2023 |
It is well |
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