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Crime / Re: Again, Police Bust Fake Drink Factory In Lagos, Arrest Four by Nbote(m): 10:13am On Mar 22
Why were the names of those caught with the products revealed while the names of the masterminds running the factory not published

3 Likes

Politics / Re: FULL NAMES: Mamu, 14 Others, Bdcs Indicted For Terrorism Financing by Nbote(m): 3:19pm On Mar 20
Now this is more like it.. Do the work and stop talking the talk.

1 Like

Nairaland / General / Re: CBN Slashes Cargo Clearance Exchange Rate By N20.91 by Nbote(m): 3:17pm On Mar 20
Lolzzz
Business / Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Nbote(m): 2:47pm On Mar 20
searchng4love:

The matter pain you gaaan

See how the mumu take connect a cbn policy to next cash and carry

6 Likes

Business / Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Nbote(m): 2:26pm On Mar 20
Dreal1247:
It's only going to bear fruits when there are multiple persons importing the commodities into the country. Otherwise, greed won't allow the monopolistic importers to reduce the prices.

That's exactly what this means. Before now only a few companies had access to forex at govt rates to import. Now anyone importing milk and dairy products won't have to go and source forex from the black market

Taich:
Can someone explain to me how this will lead to the crash in price of diary products? Lifting ban by CBN means that diary importers can approach the bank for FX, banks will sale FX to importer at bank/black market rate. If importers have been importing since 2020 using parallel market when it would have been cheaper using banks why will price crash now the the bank and parallel rates are same? I will love to be schooled. Thanks in advance.


Before now only few companies got forex at the official rates and as such it discouraged other companies from getting involved because they wouldn't be able to compete in the market with the ones enjoying govt incentive. But now that the restrictions have been removed, just about anyone can get forex at the same rates to import. With many players in the market, prices will becomes competitive as the best price wins. The few companies importing are the ones enjoying the monopoly of the market

13 Likes 2 Shares

Business / Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Nbote(m): 2:22pm On Mar 20
REDshouse:
Peter obi (Next supermarket) importer of all diaries will be happy

Some of you reason like you only have mucus in your head instead of brain matter. Seriously there should be immunisation against foolishness at childbirth so that some of you don't grow into nuisances.

The price of milk and dairy products is one of the reasons why bakers are crying over cost of production

Prices of 25kg of milk is now over 150,000 because only a few companies were given forex at official rates to import them.

193 Likes 15 Shares

Business / Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Nbote(m): 2:18pm On Mar 20
Simple... We have been calling for this for months now. The uselessness of so many policies of the last govt cannot be over emphasised

109 Likes 11 Shares

Business / Re: EFCC Obtains Court Order To Track Nigerians Transacting On Binance by Nbote(m): 3:08pm On Mar 19
Hahahahahahahahaha... The Nigerian Govt is really funny and its really really funny seeing then clowning themselves. We still remember how the govt went after twitter for promoting terrorism and hate speech and blah blah blah. After fooling themselves for months they shamelessly unbanned twitter after claiming it agreed to meet the govt demands

16 Likes 2 Shares

Celebrities / Re: New Mr. Ibu Emerges (video) by Nbote(m): 3:07pm On Mar 19
There's no new Mr Ibu. There's only one Mr Ibu. That he's even trying to copy or be like Ibu is already irritating
Nairaland / General / Re: Customs: Kebbi Command Restates Commitment To Facilitate Trade, Reopens Kamba Bo by Nbote(m): 8:18am On Mar 19
Na custom dey chose to reopen or close border now?
Politics / Re: BREAKING: Security Agents Know Bandits’ Hideouts - Gumi by Nbote(m): 8:16am On Mar 19
Both this man, the govt and the security agencies are all culpable and complicit in the insecurity

1 Like

Politics / Re: Tinubu Appoints Chairman, Executive Secretary For Almajiri Commission by Nbote(m): 8:11am On Mar 19
We continue to indulge bad things while complaining about the evils in the society. Abeg what is Almajiri Commission? Are we not encouraging these ppl to keep birthing children they can't take care of?
Politics / Re: Nigerian Govt Eyes Fresh $1bn World Bank Loan For IDPs by Nbote(m): 3:30pm On Mar 18
Borrow 1billion in behalf of IDPs. Abeg help me make it make sense

19 Likes 1 Share

Agriculture / Re: Nigerians May Soon Start Importing Yam From China, Perm Sec Laments by Nbote(m): 7:21am On Mar 18
Lol
Politics / Re: Inflation Rises From 29.90 To 31.70 Percent In February by Nbote(m): 1:43pm On Mar 15
The govt keeps padding up stats and papering up the cracks. Prices seem stable because it's Ramadan. Wait make fasting end first

12 Likes 2 Shares

Politics / Re: We Won’t Pay A Dime To Kidnappers As Ransom – FG by Nbote(m): 6:18am On Mar 14
Whixkh kind clueless ppl dey in charge if Nigerias security
Politics / Re: FG Restores Electricity To Niger, Lifts Sanctions, Reopens Border by Nbote(m): 6:16am On Mar 14
So Niger Won last last

1 Like

Politics / Re: Everyone Involved In Oil Theft, Says NNPCL by Nbote(m): 6:11am On Mar 14
Useless organisation
Family / Re: Woman Enjoys At An Eatery With Her Children, Maid Sits Unattended To (Photo) by Nbote(m): 3:08pm On Mar 13
That video is scripted. You can clearly hear the maid crying clearer than even the conversation ongoing on the background because she was wearing a MIC..

3 Likes 1 Share

Politics / Re: 26-year-old Nigerian Without Engineering Degree Invents A Hydrogenerator by Nbote(m): 3:02pm On Mar 13
And Where's the invention?

2 Likes

Politics / Re: FG Postpones Students Loan Indefinitely by Nbote(m): 12:39am On Mar 13
Lol

31 Likes 1 Share

Celebrities / Re: 1 Goat,5 Cartons Of Beer...Tenant Gains List Of Items To Get 4 Landlord's Burial by Nbote(m): 4:25pm On Mar 12
Another veiled attempt at stoking the embers of ethnic and tribal hate.

1 Like

Politics / Re: Africa Seems To Be Embracing The Russian Currency At The Expense Of The Dollar by Nbote(m): 8:16am On Mar 12
Lol.. Until Africa begins to take itself serious, others won't. You have the minerals everyone seek, you have the population and landmass as well. If they want your minerals, let them pay with their technology or innovations not giving you money
Business / Re: Citizens Not Doing Enough To Check Government Excesses, Policies - CRC by Nbote(m): 6:40am On Mar 12
What can the people do
Celebrities / Re: Davido Painted A Bad Impression Of Shank To Kai Cenat – Nigerian Lady by Nbote(m): 6:38am On Mar 12
Seriously Davido needs to be more brutal with these attention seekers. Almost everyone wants to come at him because they believe they'll get away with it
Food / Re: The Cable Newspaper Report Of Drop In Food Price Is A Promoted Propaganda by Nbote(m): 6:36am On Mar 12
Govt of lies
Politics / Re: Doctor Alex Otti, The Best Governor, Nigeria Ever Had - Documentary by Nbote(m): 6:22am On Mar 12
These exaggerations will only serve to ridicule the impressive achievements the governor is making
Crime / Re: 4 Men Gang-Rape 20-Year-Old Lady In Lagos, Record Action & Post It On Facebook by Nbote(m): 6:18am On Mar 12
The kind of sex depraved children we are raising these days is becoming something else

70 Likes 3 Shares

Travel / Re: Nigeria Excluded As UAE Announces 5-Year Multiple-entry Tourist Visa by Nbote(m): 6:15am On Mar 12
Jn
Education / Re: Schools In 14 States, FCT Risk Attacks, Says FG by Nbote(m): 5:50am On Mar 11
National Coordinator for Financing Safe schools?? What's with all these meaningless agencies for Christsakes

21 Likes 3 Shares

Politics / Re: Peter Obi Alleges Presidency Is Implementing An Illegal Budget by Nbote(m): 5:32am On Mar 11
The reason why this country may never be better is because of the number of ediots we now have. The statement by Peter Obi clearly pointed out that the pad is "an allegation" that Nigerians need a better explanation of. The statement by Onanuga even contradicts itself when he claimed "If the budget was padded then it was by the national assembly". Is he saying that they aren't aware the figures presented and what was signed wasn't the same or is that not an indictment that even he isn't aware of the actual final figure with his use of the word "If"

4 Likes

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