Despite the Central Bank of Nigeria warning that forex speculators and hoarders will be punished, speculators have continued to stash dollars as naira continues on a free fall.The naira also traded N410/ $1 at the I&E Forex window.
Other market dealers also attributed the naira's continued decline to a heightened forex supply shortage, demand pressure and rationing. He said every BDC operator needed full knowledge and understanding of how to raise and submit both the Suspicious Transaction Reports and Currency Transaction Reports to regulators, understand the obligation of registering and filing reports on the NFIU goAML -Anti-Money Laundering portal and proper documentation of all forex sales.
Nigerians should hold Buhari and APC government accountable, they promised 1 dollar $ to 1 Naira. Lairs.
SEE AS BURNA BOY CELEBRATE HIS FIRST GRAMMY AWARD IN A NEW STYLE 👇👇
APC has kill this our country NIGERIA, IT WILL NOT BE WELL WITH THEM.
...but really, Dollar is appreciating against most currencies worldwide
Ohhh God🥺🥺🥺
Only in the zoo will nassnigeria who were voted in by the people with the duty of representing them could not discharge their duties on incompetent NigeriaGov. It's obvious they're all birds of a feather. Therefore, Nigeria should boycott every election in the zoo from now on
Rather than what's meant to be- a means of exchange, the dollar has become an object of trade in Nigeria due to the wide margin between the official exchange rate and the parallel market. The Central Bank needs to address this urgently otherwise the Naira will become useless.
Our educational system is below that is our those handling our economy are backdated
Good news. This is the NextLevel Buhari and his zombie supporters promised Nigerians
The Nigerian naira has so much fallen in value that it will soon be used to wrap roasted yam.
This naira no get sense, e just dey crash everyday
Everything is going for good, each new country will start afresh with her own currency. Thanks to Buhari, it took him less than six years to tear the fraud call Nigeria apart. Am sure he will finish the job before 2023.
Even the gorvernment has crashed, so forget about the dollar🚶🚶
Emefiele o 😂
Economy is being run on vibes, security runs on Insha Allah. We move.
God
Nigeria Crashes further...
Another Somali loading in Africa
We aren’t surprised, cryptocurrency was banned, and this is it... well , do well to patronize us today
The negative effect of banning crypto currency,am not surprised....lmao
When so many heads become useless
12
Devaluation loading
Am not suprised...