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Nairaland Forum / Nairaland / General / Business / CBN Lifts Ban On BDCs, Introduces New Operational Mechanism (25175 Views)
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Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by sonnie10: 2:46pm On Aug 19, 2023 |
Other than sells of crude oil Nigeria has few other sources for fx. The other one is diasporas remittances and fx from export. This policy mainly targets those areas. Now bank would serve as natural gatekeepers. When a BDC operator receives fx from individuals through dom account, and pays equivalent in Naira through the bank, these transactions would not exceed 2.5% difference. Except, if they do cash. But considering the multiple daily individuals/BDC transactions cash won’t be realistic. 1 Like |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Generalyemi(m): 3:01pm On Aug 19, 2023 |
femicyrus: Get out |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by femicyrus(m): 3:06pm On Aug 19, 2023 |
Generalyemi:You can go to court if you are not satisfied |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Generalyemi(m): 4:08pm On Aug 19, 2023 |
femicyrus: You people are really foolish. Comparing buhari buhari and tinubu. Comparing two failed govt from the same APC. Suffering will barb your head. Keep enjoying your Nigeria |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by JetApartment: 5:17pm On Aug 19, 2023 |
IconicR: Which deceitful Messiah did what? You mean the mess created by APC Messiah called Buhari. Take.
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Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by CHIGIM: 5:50pm On Aug 19, 2023 |
IconicR:Hahaha abeg no dey trouble i beg u. |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by badoh(m): 6:25pm On Aug 19, 2023 |
Greystone:Excess liquidity in the parallel market or you mean shortage of forex in the parallel market? |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by badoh(m): 6:35pm On Aug 19, 2023 |
telleyway:Are you in tune with reality at all? Is it the present government that banned BDC from forex market? |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by badoh(m): 6:41pm On Aug 19, 2023 |
Rich4god:You have a point but it's difficult to implement. Everyone cannot go to bank to get dollars. Do banks even have sufficient forex to meet the demand of the people? Even in advanced countries, BDC exist but our import dependent economy is our major problem. |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by femicyrus(m): 6:43pm On Aug 19, 2023 |
Generalyemi:The foolishness you are referring to is far better than that of the obidients Buhari is better than Obi while tinubu is better that buhari. You can go and verify but if you still don't agree, you can go to court |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by badoh(m): 6:45pm On Aug 19, 2023 |
wirinet:Your assertion may be true. Banks may be colluding with BDC to frustrate the system. |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Procashtips(m): 8:39pm On Aug 19, 2023 |
Globad: See comparison. My comment you quoted first quoted someone's comment your so called question answered but you ignored the answer only to come back to play a clever by half game. The joke is on you. |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Generalyemi(m): 9:52pm On Aug 19, 2023 |
femicyrus: Get out .. |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Globad(f): 10:37pm On Aug 19, 2023 |
Procashtips: Wrong You're asking me to show you what I've already put in the thread. What's making it so hard for you to read it if I could go back to read yours? |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by wowcatty: 6:41am On Aug 20, 2023 |
This is where enforcement should come in, secret shoppers and a special task force arresting people without licenses and revoking licenses of those who don't go by the regulations. Also the sensitization of the general public will go a long way. Rich4god: |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Hamxas: 10:05pm On Aug 27, 2023 |
Globad: Fool who talk to u Stupid idiot since English na ur papa language u go explain tire |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Globad(f): 10:59pm On Aug 27, 2023 |
Hamxas: Mountebank! |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Hamxas: 7:02pm On Aug 28, 2023 |
Globad: STFU son of d corn |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Globad(f): 11:28pm On Aug 28, 2023 |
1 Like |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Ejebleje: 8:01pm On Oct 28, 2023 |
Ejebleje: @Toonoisy My guy, how far na? See the way naira is fighting the dollar |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by CHIGIM: 9:08pm On Dec 14, 2023 |
How? Am I not consoling Nigerians and telling them to be patient?but i hate Asiwaju |
Re: CBN Lifts Ban On BDCs, Introduces New Operational Mechanism by Ejebleje: 2:55pm On Feb 04 |
Ejebleje: Senior brah! How far na? |
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