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Nairaland Forum / Nairaland / General / Politics / FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi (18904 Views)
Naira Floating by Tinubu was Ill-advised-Atiku / Forex Crisis: Our Crude Oil Sold In Advance – NGF / FOREX Crisis: FG Plans Talks With Looters, Eyes Mop-Up From Hoarders (2) (3) (4)
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Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Nawa4nl: 8:11am On Feb 25 |
Cocaine sniffing man is clueless 2 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by plessis: 8:12am On Feb 25 |
I see the blockheads cardoso and Edun taking notes. This I have seen. 6 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Meliziz: 8:13am On Feb 25 |
Peter said " workings of modern economy" lol. A drug pusher thinks he is in chicago. He doesn't know the meaning of IT. AI , Fossil etc. They are teaching you a lesson Peter 🤗😜 4 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by VinnyBaba: 8:14am On Feb 25 |
Seefinish: Na Suegbe o, Na Suegbe o! But in the First place, did Ebola tinubu school and graduate from CHICAGO state University? Who Dash Monkey Banana? 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by adamusuleiman2: 8:15am On Feb 25 |
meditator: And Peter Obi is one of the biggest importers in Nigeria. 5 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by dettolgel: 8:15am On Feb 25 |
Godoverevery: If your problem is selling things on the road side then most businesses in Nigeria should be closed. Come to Amsterdam or go to Antwerp you will exchange money off the street. Granted not like they line up in Nigeria case but they are there operating. You never leave your house how you wan take know how the world works. 6 Likes 1 Share |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by NPFLADMIN(m): 8:18am On Feb 25 |
jumper524: Let's just say they are making money off our inability. Even if we start a global scale production today, APC will still give you a reason why $ is high. 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by adamusuleiman2: 8:21am On Feb 25 |
dettolgel:Those ones in Antwerp have a license to operate and are regulated by the Financial services authority in that country. Are the common ones in Nigeria regulated? In addition, I do not think the only thing government is doing to stabilize the naira is just going after BDCs alone. Luckily, in my case, I have been to Amsterdam, Paris, London, Leeds, Manchester, Toronto, Calgary, Vancouver, Frankfurt, and several other cities in the world. . 5 Likes 2 Shares |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Mccullum: 8:21am On Feb 25 |
Another attention seeking from Obidense. 4 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by plessis: 8:21am On Feb 25 |
Meanwhile tinubu where are the CNG buses? 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Chummynoni(m): 8:23am On Feb 25 |
Tinubu is not ready to fix this country.o fi ote si le, o n pa lapalapa. I have been saying this, when he is ready, he will squeeze buhari and his cronies by their balls to vomit all the $ they stole. Reduce cost of governance, and reduce states' monthly allocation because these !diots are only spending free money, then combat insecurity tinubu by increasing the salaries of Soldiers,so that our people can go back to farm. 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by jumper524(m): 8:23am On Feb 25 |
dettolgel:I think what you said is what the govt is doing. They are trying to regulate it to ensure accurate record keeping of it's activities. 3 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by bonechamberlain(m): 8:23am On Feb 25 |
meditator:Exactly 💯 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Tradepunter2: 8:24am On Feb 25 |
magoo10: Isn't it still the same BDC converting the stolen naira to dollars? Una keep going round in circles |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Iamhawkeyez: 8:24am On Feb 25 |
CilicMarin: incase you no know, know now, I can reliably inform you that the BDC'S were forced and threatened by the government to reduce the price of the dollar or face the consequences, so this reduction is temporarily fixed it MAY not be sustained. Which economic gains or production has the country made in a short period of time to reduce the dollar? even the toothpick is backed by the dollar in Nigeria cos without dollars to buy from China or wherever , Der will no toothpick in the whole of Nigeria that why the naira is overstretched, we need to be productive for ourselves nd we also need to export, so the naira won't be changed to the dollar for trivia tins and countries will bring in dollars to buy from us. 5 Likes 2 Shares |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Af0nja: 8:25am On Feb 25 |
MikoB: Which country have you been to?? |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Af0nja: 8:26am On Feb 25 |
CilicMarin: You're dumbbro, this is weekend and forex Is closed. I promise you on Monday when market opens it will skyrocket again 1 Like 2 Shares |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by magoo10(m): 8:27am On Feb 25 |
Tradepunter2:who are the people bringing the monies to the bdcs? politicians , criminals,public office holders who have embezzled funds for development. the government cannot claim they don't know them ,infact they are in bed with the crimes.go after them if you are serious |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Winneepye: 8:29am On Feb 25 |
Deceiving his obirodents. How do you move from consumption to production without first investing, where is the technical know how, where are the machineries, where is the electricity, how do to you compete with advanced nations with our current high cost of production. How do you import at a high price without first stabilising the Naira. If you think trying to increase our income by first bringing back our refinery wooing investors is wrong then consumption to production does not happen by just saying it. 6 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Afamed: 8:30am On Feb 25 |
This Pandora fraud? |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by MikoB: 8:30am On Feb 25 |
Af0nja: You can answer that by yourself after going through my previous pages. 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Honestey: 8:31am On Feb 25 |
Don't mind them, instead of raiding BDC they should all convert all the dollars they have in billions into naira ND watch dollar crashed. 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by drlateef: 8:31am On Feb 25 |
OPICANTO2223: Stop talking nonsense. You and PO have fish brain. These are criminals who work to destroy the exchange rate, they receive stolen money and help fraudulent banks to launder money and buy all dollars for keep. Are these what peter obi supports. He is obviously mad in doing so. 3 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Bankkym: 8:32am On Feb 25 |
Some Nigerians lack understanding and critical thinking. Whenever Peter Obi makes statements, they unquestioningly support him. Do the countries he refers to allow unrestricted street trading of foreign currencies? Is there a limit to the amount the BDCs can exchange per transaction? Despite the proximity of the USA and Canada, you won't find USD being freely exchanged on the streets of Canada. In fact, bringing USD to Canada allows for only limited daily exchanges up to 1k and properly documented. "In Nigeria, BDCs are often used to launder stolen Naira. Stolen Naira can be exchanged for USD at any rate because it was stolen and due to the lack of monitoring and regulation in place. many countries like Yemen and Somalia, which have similar systems, are grappling with issues such as insecurity, arms smuggling, and various forms of violent crimes. 3 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Xox1945(m): 8:33am On Feb 25 |
Peter Obi is full of wisdom not useless Tinubu just watch and see the market forces will react to this in the next few days |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Naijadaily: 8:35am On Feb 25 |
Peter Obi is shouldn't let his pain of losing override his sensibilities, the naira has been on steady appreciation ever since CBN begun its crack down. Wouldn't be surprised if Peter Obi owns many of these road side BDCs. He should just shut up. Commend when you have to Commend , condemn when you have to condem. 3 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by johnjose68: 8:37am On Feb 25 |
chisomkachy: Whenever this obi Onwubuasi says some weed-infested rubbish, his fellow travelers cheer him on. So in other climes, bdc litter the streets and transact billions of dollars per day Haaa, obi Onwubuasi?? Who do you this kain thing In other climes, bdc transact dollars without proper kyc Why not kuku limit yourself to sending condolence messages we know you for Have you sent a condolence message to Sunday Igboho? 2 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Alliswell248: 8:37am On Feb 25 |
Says an importer. Who own a supermarket. 4 Likes 1 Share |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by yemmywesey(m): 8:38am On Feb 25 |
Beer factory economist,please go and sit what do you know about the economy. 2 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Judgementa1: 8:39am On Feb 25 |
Anyone who still listen to this guy must be a fool or daft. Someone that own one of the largest shopping mall in Abuja talking about consumption to production. All these politician,Nothing wey we no go hear and see for this country. 2 Likes 1 Share |
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