Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,223,052 members, 8,053,969 topics. Date: Wednesday, 15 January 2025 at 08:45 PM |
Nairaland Forum / Nairaland / General / Business / FG Outlaws Black Market FOREX Transactions (53126 Views)
EFCC Probes Dangote, BUA, 50 Other Companies Over Forex Transactions / Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks / Forex Transactions On Investors & Exporters Window Hit $7.62bn (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply) (Go Down)
Re: FG Outlaws Black Market FOREX Transactions by Tohmey(m): 11:42pm On Oct 24, 2023 |
Story story, 2k loading before the end of november 5 Likes |
Re: FG Outlaws Black Market FOREX Transactions by mariahAngel(f): 11:44pm On Oct 24, 2023 |
LeoDeKing: You truly have no shame. Country don dabaru finish, odoyon still dey yan nonsense! 5 Likes |
Re: FG Outlaws Black Market FOREX Transactions by ShootThemAll(m): 11:44pm On Oct 24, 2023 |
All these rubbish is about how to get money through Tax to enrich themselves. It's not about how to reduce the cost of governance. It's all about TAX! Who pays the tax indirectly, NIGERIANS!!! BUNCH OF CRIMINALS... 6 Likes 1 Share |
Re: FG Outlaws Black Market FOREX Transactions by Bullfallo(m): 11:44pm On Oct 24, 2023 |
it was a wasteful read. all this are jargons and cosmetic approach. fx is currently 1310, sadly i bought digital for 1500. before December there would be massive protest. this i have seen. 6 Likes |
Re: FG Outlaws Black Market FOREX Transactions by emperor863(m): 11:44pm On Oct 24, 2023 |
socialmediaman: Who is Peter obi? How relevant is he in the scheme of things? Has anybody called him out or mention his name in an academic discuss? Your Agulu clown is not even relevant as things stand today. 2 Likes |
Re: FG Outlaws Black Market FOREX Transactions by mariahAngel(f): 11:45pm On Oct 24, 2023 |
omooba969: Your own na to dey laugh nonsense laugh. |
Re: FG Outlaws Black Market FOREX Transactions by FreeStuffsNG: 11:46pm On Oct 24, 2023 |
Smartguyboy:They are not phasing out BDCs. Read nah. Haba. 1 Like |
Re: FG Outlaws Black Market FOREX Transactions by TheBillyonaire: 11:48pm On Oct 24, 2023 |
FreeStuffsNG: The BDCs are not phased out. Yet the black market profiteers are street muscle of the BDCs. For this to work, BDCs must go. |
Re: FG Outlaws Black Market FOREX Transactions by masseratti: 11:50pm On Oct 24, 2023 |
This must be a joke of the century.. No way any Government can outlaw black market.... In any product or currency... There is a reason it's called black market... Abolish the official I&E window and trade at the value of the "parallel market" the naira will stabilize instantly. 5 Likes |
Re: FG Outlaws Black Market FOREX Transactions by globalresource: 11:50pm On Oct 24, 2023 |
LeoDeKing: Is it enemy running the country? Or tinubu is an enemy of the country. How come na enemy dey make dollar fall. The picture u used now made me know your life is so full of hate and karma will catch up with u and it is going to be within 1 year 3 Likes |
Re: FG Outlaws Black Market FOREX Transactions by profmallor: 11:52pm On Oct 24, 2023 |
let me explain it the way I seem to understand it. No one would be allowed to have more than a certain amount of foreign currency as cash at any given time. let's say $20,000, all foreign currencies must now be deposited into the bank. All transactions must be done digitally using say master cards that work internationally. Anyone in possession of foreign funds over the stipulated value would be liable to been charged to court and the currencies confiscated. Some interesting days ahead, but I believe it would work. make the money available to those who truly need it for business or schooling. COMPAQ: 1 Like |
Re: FG Outlaws Black Market FOREX Transactions by omooba969(m): 11:53pm On Oct 24, 2023 |
mariahAngel: Hey Maria 😁, how u dey na - where have you been hiding? |
Re: FG Outlaws Black Market FOREX Transactions by LikeAking: 11:55pm On Oct 24, 2023 |
More deadly mistakes.. 2 Likes |
Re: FG Outlaws Black Market FOREX Transactions by sunboy(m): 11:58pm On Oct 24, 2023 |
Menclothing: And aside that, Nigeria does not spend dollars locally yet our demand for dollar is crazy and unexplainable. Countries that solely depend on importation are not crazy about this usd like we are. |
Re: FG Outlaws Black Market FOREX Transactions by Ckonnet: 12:01am On Oct 25, 2023 |
Benjamin na your mate!! |
Re: FG Outlaws Black Market FOREX Transactions by Xxxxtentacion2: 12:02am On Oct 25, 2023 |
Sillymoderators:KEEP PLAYING... |
Re: FG Outlaws Black Market FOREX Transactions by LikeAking: 12:02am On Oct 25, 2023 |
KillIgbohoN0W: Na d scam na. Format! Confuse them self with rubbish essays.. |
Re: FG Outlaws Black Market FOREX Transactions by InvertedHammer: 12:03am On Oct 25, 2023 |
/ Dead on Arrival (DOA). If there is nothing about earning through exportation, they are merely kicking the can down the road to appear like they are working. Are they still doing the crude oil swap? No be by long grammar. A few months ago, they claimed that US$ would be readily available in commercial banks. But that was a lie. People would transfer $ to aboki's dom account and aboki would transfer naira to their banks. The people standing on the roads are doing minimal transactions. Apparently the hardship hasn't touched many people. A time will come when hunger will force them into the streets to protest. / 6 Likes |
Re: FG Outlaws Black Market FOREX Transactions by sunboy(m): 12:04am On Oct 25, 2023 |
Adolfnigeria: This is not government this is we Nigerians sabotaging ourselves. When you put in a request for funds, remember it is being handed by the banks, the banks and its managers decide who get dollar first. This bank managers are deliberately frustrating funds to ordinary citizens and channel the funds to Abokis, cos they get their cut. This round tripping corruption is happening from the banks. government have other issues to be blamed for but this highlighted above is we Nigerian problem. Our greeedd! If you tip somebody who works at the bank, that funds will be available in 1-3 weeks. This I know! 1 Like 1 Share |
Re: FG Outlaws Black Market FOREX Transactions by nathyx(m): 12:07am On Oct 25, 2023 |
FG should also include tax for anyone who owns more than one Vehicle |
Re: FG Outlaws Black Market FOREX Transactions by LikeAking: 12:10am On Oct 25, 2023 |
ZaddyJ: No change am o.. Nothing go happen.. |
Re: FG Outlaws Black Market FOREX Transactions by NewDea4: 12:11am On Oct 25, 2023 |
Re: FG Outlaws Black Market FOREX Transactions by warlordd(m): 12:17am On Oct 25, 2023 |
This needs to be implemented asap! Anything that will ruthlessly crash the price of dollar is highly welcome. |
Re: FG Outlaws Black Market FOREX Transactions by killsmith(f): 12:19am On Oct 25, 2023 |
Ebola is about to monopolize forex trading through his boys 3 Likes 1 Share |
Re: FG Outlaws Black Market FOREX Transactions by grandstar(m): 12:23am On Oct 25, 2023 |
How can you outlaw the black market? Outlawing it will just make it blacker. I remember an incident that happened to me way back in 1994. That year, government banned black market operations. My dad had given me $40 and I went to Airport hotel, Ikeja (Yes, it was existing back then) where I change $20). When I left there. I was heading to Isolo for a studio production if I am correct. When I was nearing Oshodi, a policeman stopped my bus and I was asked to come down. He said he observed I had gone to the black market to change money which was illegal. Eventually he and his boys took most of the cash I exchanged. They weren't aware of the extra $20. What the country needs most is a reduction in corporate tax to 15% or less. This is essential in fuelling huge foreign investment into the country, especially if the government is determined to achieve the goal of achieving a $3 trillion GDP by 2031 (I doubt it is attainable) Do you know why Ghana has a local of foreign owned mines? Because their profits are taxed at 10%. It would also stimulate local investment and encourage many companies to move into the formal economy rather than remain in the dark. 3 Likes |
Re: FG Outlaws Black Market FOREX Transactions by Justhere: 12:24am On Oct 25, 2023 |
Them carry economics textbook Copy and paste here. Theory can't work for nations like ours, All these is for well organized country 1 Like 2 Shares |
Re: FG Outlaws Black Market FOREX Transactions by linearity: 12:29am On Oct 25, 2023 |
Was black market Forex lawful before? It is called ‘black’ market for a reason. These are just much talk about nothing. They know the system and those profiting from round trips, because they are the ones releasing dollars to them in millions. Additional, until they start arresting all those Aboki and Mallams around Transcorp Hilton Hotel Abuja and International Airport Lagos truly prosecute them and throw them and their Bosses in prison, they have not started anything. 4 Likes 1 Share |
Re: FG Outlaws Black Market FOREX Transactions by Abagworo(m): 12:36am On Oct 25, 2023 |
Back in square one. Emefiele wins once again |
Re: FG Outlaws Black Market FOREX Transactions by jaxxy(m): 12:38am On Oct 25, 2023 |
FreeStuffsNG: Chasing too many things at thesame time while stirring up too many things at thesame time leads to more confusion of the problems and maze like situation where u are Chasing everything and catching nothing. Lmao I don't know how else to explain it to these guys but u have complicated a big problem into a much larger problem. And now it's time to speak grammar Great job by my tribesman u mean to say. U think u can solve all these problems with these long grammar? This is what we call theory in school. 5 Likes |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply)
Which Business Can I Invest With N350K To Make N10K Profits Daily? / Nine Nigerian Banks Make Top 1000 Global Banks List / Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2025 Oluwaseun Osewa. All rights reserved. See How To Advertise. 35 |