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Nairaland Forum / Nairaland / General / Business / BDC Operators Import Dollars From Ghana, Benin Rep, Others (21788 Views)
CBN To Increase Dollar Sales To BDC Operators / Naira Strengthens Against The Dollar As Bdc Intervention Goes On / Buhari: BDC Is A Scam And Drain To Nigeria (2) (3) (4)
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by echodrum(m): 4:15pm On Jan 23, 2016 |
What a pitty? |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by erico2k2(m): 4:18pm On Jan 23, 2016 |
Congrats Nigeria , £1 is now N 400. We should clap for ourselves. 1 Like |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by arsenal1(m): 4:19pm On Jan 23, 2016 |
Zoharariel:Their license is as useless as a used tissue paper. What's the need of the license when they cant source for dollar genuinely with it? The difference between the black market operators and license BDCs is the advantage of using the license to source for forex but now that CBN has closed all regulated windows to source for forex, the license is useless. 3 Likes |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by aloeman15(m): 4:27pm On Jan 23, 2016 |
Guy, why not do some basic research before making such an embarrassing statement? Since our refineries shut down, where will manufacturers get petroleum products like plastics and petrochemicals for their factories? How much food is produced in the country compared to our needs? What currency will you use to import machinery, parts, tools, construction, medical, agric, military and every other equipment needed for our most basic needs? Angoni: |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by Julietekekwe1: 5:26pm On Jan 23, 2016 |
Buhari has put Nigeria in reverse gear in a speed of 56km/h |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by wordcat(m): 5:48pm On Jan 23, 2016 |
Lexusgs430: We also import humans to build Shoprites and other Chain Stores for us. Walahi, we are too lazy to the extend that we can't use our brain! 5 Likes |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by murmee: 6:03pm On Jan 23, 2016 |
When abnormality is practised for too long, it will be seen as normal. Nigeria is the ONLY country in the whole world where the Central bank or any bank sell foreign currencies to Bureau de Change. Everywhere else in the world, BDCs source their currencies from tourists, visitors etc who need local currency of host country. 3 Likes 1 Share |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by erico2k2(m): 6:14pm On Jan 23, 2016 |
arsenal1:What's the diff between the black mkt and BDC? |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by Nobody: 6:26pm On Jan 23, 2016 |
Del.. |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by AngryNigerian(m): 6:27pm On Jan 23, 2016 |
DankemzI: No mind them...it shall be well someday |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by wink2015(m): 7:29pm On Jan 23, 2016 |
[size=18pt]which way Nigeria? which way to go?[/size] |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by Angoni(m): 7:36pm On Jan 23, 2016 |
aloeman15: The central bank provides dollars for essential or authorized purchases, and a lower rate to boot, so why not get dollars from central bank if one wants to import machinery, military equip etc? You argument does not stand my friend. 2 Likes |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by rexzqcom(m): 7:53pm On Jan 23, 2016 |
Deleted. |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by mindtricks: 9:01pm On Jan 23, 2016 |
SmartMugu: Daft CBN gov or daft FG which is imposing those measures? 1 Like |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by SmartMugu: 10:14pm On Jan 23, 2016 |
mindtricks:I don't think the measures were imposed by bodies outside CBN. FG would consult with them in the way forward, I guess this is what CBN leadership thinks is best for the nation. |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by bigfather(m): 11:34pm On Jan 23, 2016 |
We never see chom chin ! |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by aloeman15(m): 12:35am On Jan 24, 2016 |
Angoni:How many tens of thousands are you suggesting should troop to the cbn to apply for funds? Or the basic foods that are imported aren't essential? And you really expect the suppliers to wait patiently for the 2 or more weeks it takes cbn's bureaucracy to approve each application? Stop cherry-picking parts of my analysis, abeg you. Meanwhile, someone is talking about 9ja being the only country where cbn sells dollars to bdc's. Help me ask am how many countries dey fix dia currency, make him tell you how dia economy be. 1 Like |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by grandstar(m): 12:40am On Jan 24, 2016 |
HAH:where will the importers get forex from)? Sanusi and Soludo both condemned Buharis policied |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by grandstar(m): 12:42am On Jan 24, 2016 |
Lexusgs430:So do most other countries far poorer than Nigeria. The problem is that the country does not export |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by grandstar(m): 12:50am On Jan 24, 2016 |
Angoni: The bureaucracy is something. Also many genuine importers are not getting enough forex. Soludo and Sanusi have both condemned these policies |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by Lexusgs430: 1:07am On Jan 24, 2016 |
grandstar: We export 419, brain drain, drug carrier's etc etc etc 1 Like |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by HAH: 9:01am On Jan 24, 2016 |
grandstar: importers of. Items that are not on prohibition list and are to do LC get dollar from CBN at official rate through their banks, only those who are on prohibition or no forex list sought for dollars from black market. Do you know that every dollar that comes from CBN is from our foreign reserve accounts, why should we deplete our reserve by supporting those that will import things that can be produced at home don't you know that when we buy imported items we are only growing the economy of the country it is imported from. Left to me BDC will be totally illegal and anyone caught selling dollars by road side will be. arrested , only banks will handle dollars at regulated rate and electronically, no physical dollars cash. |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by HAH: 9:08am On Jan 24, 2016 |
aloeman15: Make your research bro , the entire middle east countries fix the exchange rate to the dollar to their local currency |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by guccitype(m): 9:25am On Jan 24, 2016 |
Jantamanta kill and dry |
Re: BDC Operators Import Dollars From Ghana, Benin Rep, Others by aloeman15(m): 1:46pm On Jan 24, 2016 |
This sort of comment is sad but expected. How are the m.East nations faring? Have you heard of the fiscal tightening policies that S.Arabia and other nations in the region have been implementing- despite each of them having up to or over 10 times our foreign reserves, huge volumes of fdi and the combined largest market share of crude oil sales? Stop joining arguements about international economics with a limited viewpoint. HAH: |
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