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Nairaland Forum / Nairaland / General / Business / CBN Lifts Ban On BDCs, Introduces New Operational Mechanism (25538 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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Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Ejebleje: 8:17am On Aug 19, 2023 |
TooNoisy: I have saved this post. I will quote you later. 3 Likes 1 Share |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by cutedharmee: 8:18am On Aug 19, 2023 |
Very good. Hopefully this gonna work |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by cutedharmee: 8:18am On Aug 19, 2023 |
Very good move. Hopefully this gonna work |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by michlins(m): 8:19am On Aug 19, 2023 |
IconicR:who made the mess? 1 Like |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by pharmagba: 8:21am On Aug 19, 2023 |
I don't think this a good enough measures In Nigeria people don't declare honestly |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Doyin2(m): 8:22am On Aug 19, 2023 |
How does this improve dollar supply? There were reasons for their suspension. |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by EngrKemp: 8:22am On Aug 19, 2023 |
The real value of dollar to naira is less than N200. The petroleum products import put lots of pressure on naira and constantly crashes it. All past managers of nnpc in the last 20 years should face trial and persecution and all past petroleum ministers from 1999 till date should face sanctions and jail term . Put our refineries in good shape and let us produce our own petroleum products.. Naira will bounce back to about N200 and the economy will become very productive. 9 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Nobody: 8:22am On Aug 19, 2023 |
michlins:Jonathan and Buhari |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Bobloco: 8:23am On Aug 19, 2023 |
TooNoisy: But we were told that the first set of refined fuel will hit the market last July when subsidy was removed Hmmmmmm! 2 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Rich4god(m): 8:25am On Aug 19, 2023 |
flokii: Nothing like good initiative here. What this means is like a mini intervention. Which is actually what is consuming a huge chunk of our revenue. |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by michlins(m): 8:26am On Aug 19, 2023 |
IconicR:so APC and PDP contributed to this mess right? 2 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by CHIGIM: 8:26am On Aug 19, 2023 |
IconicR:U like trouble no be small |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Tooreda: 8:26am On Aug 19, 2023 |
IconicR: Rest. |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by 1x2x3: 8:27am On Aug 19, 2023 |
IconicR: You will support a bad and incompetent Regime for 8 years, once their tenure is over, you register another moniker on NL to support the next failure while blaming the previous one you supported for 8 years. 3 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Pastor137(m): 8:27am On Aug 19, 2023 |
Amazing |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Omobada(m): 8:28am On Aug 19, 2023 |
Good development |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by squash47(m): 8:28am On Aug 19, 2023 |
EngrKemp:What do you advise we do the former minister of petroleum. |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Nobody: 8:29am On Aug 19, 2023 |
CHIGIM:How? Am I not consoling Nigerians and telling them to be patient? Nothing I do ever pleases you people on this forum all because of Asiwaju. I'll be fine
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Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by MarketDispatch: 8:29am On Aug 19, 2023 |
nlfpmod: Are there reporting channels for BDC's or banks that want to charge above 2.5%? 2 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Nobody: 8:30am On Aug 19, 2023 |
1x2x3:How? I don't understand |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by condralbedez: 8:30am On Aug 19, 2023 |
IconicR:Huge mess you guys meet,still caused by your pay master!!!don't you people have shame anymore ![]() 1 Like |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by walexpal(m): 8:30am On Aug 19, 2023 |
Ejebleje: This is actually a good move in my opinion as well. The illiquidity at the parallel market has continue to drag the price of dollar upward. The wise thing for government to do is to address the issue. The $3 billion dollars from Afrexim will help stabilize the market for a reasonable time pending when we are able to increase our crude oil production and possibly Dangote Refinery coming up. 3 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by frazee: 8:31am On Aug 19, 2023 |
What about the $3b oil swap deal they collected from afriexim are they still using it to stabilise the dollar rate or its gone 1 Like |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by MTNnews: 8:31am On Aug 19, 2023 |
So since it is not out will your father go n arrest Dangote because his refinery isn't producing yet ? Bobloco: 2 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Ofunaofu: 8:32am On Aug 19, 2023 |
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Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Proudlyomonna: 8:32am On Aug 19, 2023 |
KEVIND: It is only someone that is mentally unstable would expect tinubu and His APC disaster to do well. I thought bubu was the worst thing that can happen to any Country,Tinubu is a maximum disaster. 1 Like |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by CHIGIM: 8:33am On Aug 19, 2023 |
KEVIND:They are part of the root of the problem |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Proudlyomonna: 8:35am On Aug 19, 2023 |
walexpal: Dangote refinery is not kick starting anytime soon. Forget all the hullabaloo and media sensationalism. |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by ALCOHOLKILLS(m): 8:36am On Aug 19, 2023 |
IconicR: Adamu shut up if you have nothing to say |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Akaegwu(m): 8:36am On Aug 19, 2023 |
Don't lift it. |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Greystone: 8:38am On Aug 19, 2023 |
It’s a good move by CBN. The +2.5% allows for a decent profit margin and the daily, weekly, monthly and yearly reports force transparency from the BDCs. This will increase forex flow and help protect the Naira from the speculative and destructive forex trading we’ve witnessed. The excess liquidity in the parallel market has been our biggest problem. 2 Likes |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Faposky95: 8:38am On Aug 19, 2023 |
Brendaniel: "Off with the head ....." BAT wat are you waiting for.....?! 1 Like |
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