Welcome to 9jaflaver

HOME | MUSICS | FREEBEAT | VIDEOS | NEWS | TECHS | JOKES | COMEDY VIDEOS | CONTACT US

Celebrity News | 9ja foods / recipes | 9ja Musics | 9ja News | Education | Fashion | Football Updates | Freebeats | Lifestyle | Funny Photos

Like us on facebook | Follow us on twitter

You Can Email Us:- 9jaflaver@gmail.com

Follow Us On Instagram Here

Contact Us:-
Whatsapp or Call:-+2348114624972

Upcoming Artistes:- Promote your music on 9jaflaver Here

Music Artistes!! Get HighQuality MTVBASE Standard Videoshoot And Free Promo (Click Here)

Music Artistes!! Join 9jaflaver Music Artistes Group (Rap, Singers, Artiste Group) - Get In Here



« | »

DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To N400

DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To N400

Officers of the Department of State Services (DSS) have raided two major Bureau de Change markets in Lagos and Abuja in a fresh attempt to end speculation in the foreign exchange transaction at the parallel market.
Sources at the market told Daily Trust that the DSS have earlier directed the officials of the BDCs association to peg the dollar at N400 while selling and N390 while buying from customers.
Immediately after the directives, the DSS operatives commenced the enforcement of the order by arresting those erring members that sold the dollar above N400 and or bought above N390 a dollar.
During the two-day operations, which took place between Tuesday and Wednesday, some traders were arrested.
Sources said about five operators were arrested in Abuja and Lagos as at yesterday.
When our reporter visited Zone 4, a cluster of BDC shops in Abuja, he noticed slow activities as both the traders and customers were jittery.
A trader who pleaded for anonymity said it was difficult to see the dollar to buy or sell in the market because, nobody was willing to sell at the new rates by the DSS.
He said when customers heard of the new rate of N390 a dollar they usually turned back.
He said the best way out was for CBN to flood the market with enough forex, instead of using force to address the problem.
When contacted, the spokesperson of the Central Bank of Nigeria, Mr Issac Okorafor, confirmed the activities of the DSS in the BDC market. He said most of the people arrested were unlicensed operators who were taking advantage of speculation to reap illegal money.
He said though the CBN had no hand in the raid, it was a welcome development for the market.

Dailytrustng

Click Here To Comment On This Post

MUSIC LOVERS

Follow Us On Instagram Here

Follow us on twitter Here

Like us on facebook Here

Categories: 9ja news

There is love in sharing

0 Responses

Don't Just Read A Post And Go, Comment Below To Make The Post Lively

Do You Have Something To Say? Comment In The Box Below

Your Name Below

NOTE:- After Dropping your comment, keep calm, it will take 5mins before it appears.

« | »


One Artiste Wins Free Video Shoot And Promo Every 2 Weeks (See Poster Below For Details)

To Participate
Contact Below:-
Call/Whatsapp:- 08163457311
Instagram:- @viralz2fame @irokviralz1



Advertise | About Us | Privacy Policy | Contact Us | Content Removal | DMCA

Copyright © 2016 9jaflaver
Powered By: 9jaflaver