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Nairaland Forum / Nairaland / General / Business / CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals (18871 Views)
CBN Lifts Ban On BDCs, Introduces New Operational Mechanism / Naira Falls After CBN Stops Forex Sales To BDCs / Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs (2) (3) (4)
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CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by fergie001: 5:03pm On Feb 26 |
The Central Bank of Nigeria (CBN) has placed limits on the foreign exchange (FX) sales by Bureau De Change (BDC) operators. SOURCE 17 Likes 3 Shares
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Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Namaster: 5:04pm On Feb 26 |
Of course, this does NOT apply to politicians and the cabals that control them. 92 Likes 3 Shares |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by yinkus6750(m): 5:07pm On Feb 26 |
The BDCs knows how to go round all this policies We really need to reduce the demand for foreign exchange. 64 Likes 2 Shares |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Didijiji: 5:08pm On Feb 26 |
WE WILL NEVER FORGET ![]() ![]() ![]() ![]() ![]() ![]() ![]() in 2012, a gang of Pastors, Politicians and Professors occupied Ojota in protest against our future (as at 2012). Now we are reaping the bitter fruits of that evil move. They carried the picture of an innocent man in a coffin because he is from a minority tribe. Little did we know that a few years later, these class of rogues will be handed power to rule and fix what they protested against. During campaigns, they made banners all over Nigeria asking if $1=#216 is okay? Years later, none of them is able to come out to speak or apologize. They have all gone deaf and dumb... I remember one of them saying fixing power is not rocket science.. He was made a minister and he ended up messing up his career All i have to say is that NATURE WILL JUDGE ALL OF YOU. I would have mentioned God but that will be belittling of the Almighty and bringing him into a case of men with NO SHAME AND INTEGRITY. Now you are cautioning against protest.. Where lies your conscience? Are things not 10 times worse than it was in 2012? Why are you not on the street if you have integrity and meant well? NIGERIAN AND NIGERIANS DESERVE AN APOLOGY 71 Likes 8 Shares
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Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by yesloaded: 5:09pm On Feb 26 |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Truths9ja: 5:09pm On Feb 26 |
I hope it won’t be difficult to japa ? I trust my naija, they will used another means to japa 3 Likes 3 Shares |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Cmeo(m): 5:09pm On Feb 26 |
Good, if it would be strictly enforced and applied across board 2 Likes |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by ArewaNightmare: 5:10pm On Feb 26 |
![]() 7 Likes 3 Shares |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Oghene86: 5:10pm On Feb 26 |
14 Likes 2 Shares |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by tonicyril: 5:11pm On Feb 26 |
yinkus6750:Did u read the part where ur documents for the purchase will be presented?? 11 Likes |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by bonechamberlain(m): 5:12pm On Feb 26 |
Note - This doesn't apply to politicians 8 Likes |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Firstcitizen: 5:12pm On Feb 26 |
All these can be easily bypassed in Nigeria 4 Likes |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by BigDawsNet: 5:13pm On Feb 26 |
10k not bad... Will cover deposits for school 1 Like |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Didijiji: 5:13pm On Feb 26 |
ll |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Nbote(m): 5:13pm On Feb 26 |
Will all these policies be applicable to politicians and those in the corridors of power ![]() 12 Likes |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Chicagograduate(m): 5:14pm On Feb 26 |
Instead of placing a ban on seeking foreign medical and education.That is why dollar is scarce. 2 Likes |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Kaycee9242(m): 5:15pm On Feb 26 |
I hope the law applies to politians too especially frog eyes and his house hold 5 Likes |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by COMPAQ(m): 5:15pm On Feb 26 |
tonicyril:Cant those be easily faked? Who will verify it at point of sale 5 Likes |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by illuminutty: 5:15pm On Feb 26 |
Government by Propaganda & Trial and Error. 3 Likes
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Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Customised3(f): 5:15pm On Feb 26 |
Instead of Nigeria to settle the matter,they stay there and be doing like woman wrapper 😂 |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by hosemujica: 5:16pm On Feb 26 |
Now we are talking. Target the haj and Jerusalem globetrotters too . The country should not be paying for individual luxuries. School fees and medical bill payers should source their $ elsewhere, all of them. 1 Like 1 Share |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by richard870(m): 5:16pm On Feb 26 |
Its actually laughable |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Menclothing: 5:16pm On Feb 26 |
Why must we go to foreign universities Political class lead by example 1 Like |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by nurex01(m): 5:17pm On Feb 26 |
Will this help the situation on ground? |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by tonicyril: 5:18pm On Feb 26 |
Oghene86:the problem with Nigeria is people of Nigeria.. U shout that Nigeria should be reformed and coordinated like the rest countries, ok fine. Now cbn told bdc what to do to benefit us, u re asking if they would do it, and if they fail to comply and FG is giving them problems u re the first to jump on their defense by saying they should be left alone 18 Likes 3 Shares |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Tap0lane: 5:18pm On Feb 26 |
Are you all Igbos or why are you wailing over news to reduce Nigeria dependency on a foreign currency ?! Oghene86: BigDawsNet: Kaycee9242: illuminutty: richard870: nurex01: 75 Likes 1 Share |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by airsaylongcome: 5:18pm On Feb 26 |
Namaster: I mean who are we peasants to even think this applies to the politicians. Or even the No 1 person in government (who has shown penchant for multiple foreign health related trips) 1 Like |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Akwamkpuruamu: 5:19pm On Feb 26 |
I support this but our politicians will circumvent it |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by skj1377(m): 5:19pm On Feb 26 |
The black market will surface again. Reason is 90% of request are not legitimate. So black market rate will be any dollars sources outside official CBN sources . The huge limitation of the dollars in this window will result in a value above N3000 per $. In other words harmonization of Forex window will never be achieved in Nigeria irrespective of value of Naira. 7 Likes |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by Caramia2020(m): 5:19pm On Feb 26 |
I pray it will work, but it should also apply to our politicians. |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by free2ryhme: 5:19pm On Feb 26 |
Re: CBN limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals by ClearFlair: 5:19pm On Feb 26 |
It should be $1000 for medicals 1 Like |
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