Well done Mr. Cardoso

fuckJones:
Now that the NSA has requested for the list of all the Nigerian users on Binance; heads would roll and cut across! May every saboteur and enemy of Nigeria be pull down on their knees🙏

ediot , very naive thinking

Validated:
Nice job CBN.
Now increase the capital requirements for the rest to $1.0m. Anyone not able to afford such should merge of be absorbed into the few big ones.

It's already 500m for local and 2B for national BDCs.

Charlatans will be forced out of the business and anyone caught trading in dollars as if selling cooked maize will have himself to blame.

Metrofox:


ediot , very naive thinking

apart from insults what else do you learn from your mother

The CBN is just dancing around the circle they should take the bold step and correct their initial mistake by pegging the Naira instead of floating it when too much had been printed which was responsible for the hyper inflation.
Chasing BDC & crypto exchange is just an effort in frutility to save the Naira

lexy2014:


which crimes did the BDCs commit that makes them part of the problem?

Go and read up on them

lexy2014:


which crimes did the BDCs commit that makes them part of the problem?

They are notorious for quoting USDT price for USD, they increased the volatility of naira with their USDT rates

fuckJones:
Now that the NSA has requested for the list of all the Nigerian users on Binance; heads would roll and cut across! May every saboteur and enemy of Nigeria be pull down on their knees🙏

Brutal Ribadu and his Boss , President Bola Ahmed Tinubu whom is ever ready to deal with who so ever.
Just like General Abacha jailed bankers and Sanusi sacked and jailed bank executives .

The heat go reach everybody. Watched for sacking and arrest during this Qatar visit.

To be reissued to your own cronies
So the N1300 sales to BDCs na wash

Here we go again.

fuckJones:
Now that the NSA has requested for the list of all the Nigerian users on Binance; heads would roll and cut across! May every saboteur and enemy of Nigeria be pull down on their knees🙏

Who told you that binance will release sensitive information like that to them. Is it not the same binance that is not registered in Nigeria. You government agents dey make me laugh abeg 😂😂

The real problem children are still under AC in gigantic buildings.

Globad:


Go and read up on them

since you have read them up, then you should be able to answer the question.

which crimes did the BDCs commit that makes them part of the problem?

THEPACIFIST:

They are notorious for quoting USDT price for USD, they increased the volatility of naira with their USDT rates

how did they increase the volatility of the naira with their USDT rates?

when did they do this?

lexy2014:


which crimes did the BDCs commit that makes them part of the problem?

BDCs are not the problems in this game of dollars mopped up in FX. CBN knows the culprit, they are just fearful of stepping on toes.

Enemies of Nigeria shall be put to shame, in government or outside government.

emkz:
..

Wait for Onwubuasi followers to get angry 🤬 at this good news.

Validated:
Nice job CBN.
Now increase the capital requirements for the rest to $1.0m. Anyone not able to afford such should merge of be absorbed into the few big ones.

They should not merge or be absorbed anywhere. They should just go to farming, where they are supposed to be in the first instance.

iichidodo:
If the dollar is so valuable in Nigeria, why can't the Nigerian state gear up it's institutional machinery and print the Dollar. What's the worse America can do?

Are you for real?
How possible do you even think that would be, with all the security features embedded in the US dollar.
How do you expect the FG to become a notorious entity for producing fake currency.
So if this fake currency gets into the hands of innocent Nigerians hoping to travel with it to say the USA,what happens when the fake currency is detected and found with them?

Guy be calming down now

4k plus BDC operators in a single country?? No wonder naira must fall

Bfly:
The real problem children are still under AC in gigantic buildings.

It might be slow. But soon and very soon, hand go touch them and they too will collect wotowoto.

Anything to make Nigeria work is welcome.

So 4000 businesses are now on the street, yet the approve link no dey work ...

eddynaira125:
CBN Dey Vex

With the way the Apex Bank is going, one have to very careful, Tinubu is a clown, but you see his team from chief of staff to minister and down to DG in various parastatals are dangerous, though I was surprised for the early failures the govt witnessed

That failure is the tonic they need to be gingered to face the problem frontally.

Now they have the gut to tell whosoever wishes to confront them to go to hell, as they need to do what needs to be done to get the economy working and the country back to her feet.

Glorious days ahead.

All this move from Cardoso can’t reduce the price of naira against dollar in the market. Naira is at 1,500 naira against $1 in the parallel market. Cardoso should deal with the importers here. Banning Binance from operating in Nigeria 🇳🇬 is highly wrong and not the right approach to reduce the dollar rate in the market

fuckJones:
Now that the NSA has requested for the list of all the Nigerian users on Binance; heads would roll and cut across! May every saboteur and enemy of Nigeria be pull down on their knees🙏

You people are so dumb I swear

fuckJones:
Now that the NSA has requested for the list of all the Nigerian users on Binance; heads would roll and cut across! May every saboteur and enemy of Nigeria be pull down on their knees🙏

Who be this?? Lol
You don't have brain I swear!
You think binance is registered under CAC & operates from Nigeria? Your govt has already done their worse which is to block them, they have nothing more on binance

Bank execs too go collect wotowoto. Na turn-by-turn.

olax02:
BDCs are not the problems in this game of dollars mopped up in FX. CBN knows the culprit, they are just fearful of stepping on toes.

my thoughts are in tandem with yours that is why I am asking which crimes the BDCs committed that the government is persecuting them?

emkz:


It was the parallel market that operated without any regulation.

When banks refused to fulfill their fx obligations to customers, they referred customers to the BDCs and until today, there has been no explanation for the spike of dollar exchange rate which happened in the BDCs.

No central bank can afford to lose control of the market. Like I argued, floating the currency is not equivalent to floating the market. You do not trade dollars like you trade guguru and ekpa where all sorts of himan beings access dollars without trace.

Countries like Japan, the US and in the EU where their currencies are floated, BDCs are heavily regulated so that every forex trade can be traced. It was not the case with Nigeria.

Like an economist argued, Nigeria's exports exceeded her imports in the last year, which meant there was supposed to be dollar liquidity in the system. Where are the dollars?

They disappeared through the BDCs.

There is a possibility that more than $100billion cannot be found.

Also recall that Yemi Cardoso said $26billion went through binance without trace. If these things happen in certain countries, people would be quietly assassinated.

There's nothing but air in your skull if you believe binance handheld 26 billion dollars. 100 billion dollars is a QUARTER of Nigeria's entire gdp and you think it's trading though one app that caused the naira to turn to shit.

Terrorism financing tampered with a bit.

Anguldi:

Brutal Ribadu and his Boss , President Bola Ahmed Tinubu whom is ever ready to deal with who so ever.
Just like General Abacha jailed bankers and Sanusi sacked and jailed bank executives .

The heat go reach everybody. Watched for sacking and arrest during this Qatar visit.

which bankers is Tinubu going to jail?

what was the crime of the bankers that you say Sanusi sacked and jailed?

which heat go reach everybody?

who are the "whosoever" that Tinubu and Ribadu are ready to deal with?

which sacking and arrest are you talking about and for what crimes?

why didnt they deal with the army when they dropped bombs on innocent civilians in Kaduna?

And replaced by Rice and beans bdc, abc bdc, 123 bdc, papa and mama bdc etc that were recently licensed!


Comedic country.