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Nairaland Forum / Science/Technology / Phones / CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" (2294 Views)
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CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by copyrites: 6:56am On May 23, 2023 |
Wondering why you struggled with inflation all these years?? ![]() ![]() Levels pass levels. Dangote got $9 billion of your forex while you, the ordinary useless Nigerian could not access your own $200 that you saved with GTB, FirstBank or UBA. 22 Likes 1 Share |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by Absuchat(m): 6:58am On May 23, 2023 |
Odiegwu |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by iammo(m): 7:02am On May 23, 2023 |
![]() Twisting words of CBN Governor would do you no good Local banks facilitated most of the loan and the forex came through CBN as the standard practice... Everyone gets their forex through CBN or Black market Not like CBN loaned Dangote out of our National reserve Dangote Fertilizer, Dangote Cement all this company export product and bring in forex to CBN all this while . 16 Likes 2 Shares |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by yinkus6750(m): 7:02am On May 23, 2023 |
Why not ? It's good business for both parties with huge benefit to the nation. The amount that will be saved from forex on importing refined crude far outweighs what you re looking at. 9 Likes 2 Shares |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by DenreleDave(m): 7:05am On May 23, 2023 |
copyrites: better than a man that introduce drinking in the state to make his state people called drunkard ![]() ![]() ![]() ![]() I no mention. He who the cap fits, make he wear 8 Likes 1 Share
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Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by Nwodosis(m): 7:05am On May 23, 2023 |
Better than sharing it for consumption 4 Likes |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by Flangelo12: 7:08am On May 23, 2023 |
![]() 5 Likes
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Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by Nobody: 7:08am On May 23, 2023 |
Dangote enjoys tax waivers from government. 1 Like |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by iammo(m): 7:10am On May 23, 2023 |
Revolution2022: Dangote in exchange constructed concrete road in Nigeria... Apapa, Obajana Dangote with tax waiver still pays one of the highest tax Dangote also single handedly apart from crude oil gives Nigeria the most forex 12 Likes 2 Shares |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by Nobody: 7:11am On May 23, 2023 |
iammo:No wonder Dangote never complain about dollar scarcity. |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by iammo(m): 7:12am On May 23, 2023 |
Revolution2022: Was Dollar ever scarce?! CBN stop giving dollars to importers like Peter Obi to bringing tomato paste but gave it to manufacturers 10 Likes 2 Shares |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by copyrites: 7:14am On May 23, 2023 |
Revolution2022: Wetin concern agbero with overload? ![]() ![]() ![]() 1 Like |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by copyrites: 7:14am On May 23, 2023 |
iammo: Was dollar ever scarce?? LMAO! I bet this man has never gone to the bank to withdraw ordinary $200 dollars. 6 Likes |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by Goodlady(f): 7:28am On May 23, 2023 |
iammo:Whichever way, it's obvious Dangote couldn't do the refinery from his savings & assets. He got loans massively from commercial banks & CBN. Meaning if this biz fail, the economy fails. I'll only salute him for taking the bold step in daring to create the refinery cos it's long overdue for Nigeria to have a private one. 1 Like |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by Westerhoffe(m): 7:41am On May 23, 2023 |
2 Likes 1 Share |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by Flangelo12: 7:47am On May 23, 2023 |
Westerhoffe: If I say Ob... His shepple would start their vawulence. 2 Likes |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by Westerhoffe(m): 7:51am On May 23, 2023 |
3 Likes 1 Share |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by mikool007(m): 8:09am On May 23, 2023 |
[quote author=DenreleDave post=123309127][/quote] how does this relate to the topic you brainless dullard 1 Like |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by CodeTemplar: 8:12am On May 23, 2023 |
iammo:what is the point submitting Dangote earned forex to CBN and then going to access forex from CBN? Except CBN is Dangote's private bank, it makes no sense. Same way regular citizens have dollar account and keep their forex there is how Dangote has his. Something is fishy if the OP is true. |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by iammo(m): 8:37am On May 23, 2023 |
copyrites: Oga fill up form M and submit to your bank if your reasons for forex is legit you get it Do we spend dollars in Nigeria 5 Likes 1 Share |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by iammo(m): 8:44am On May 23, 2023 |
CodeTemplar: It's called leveraging... Dangote leverage his networth to get loan from local banks , CBN made the loan available in Dollars.. what he makes from Cement and other ventures can't execute the refinery contract fast enough 1 Like |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by CodeTemplar: 8:50am On May 23, 2023 |
iammo:They should give SMEs same privilege too. Everyone cannot run on petrol. 1 Like 1 Share |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by iammo(m): 8:52am On May 23, 2023 |
CodeTemplar: If you meet the requirements for loans as SMEs you get it faster than Dangote 1 Like |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by JpBiz92: 9:32am On May 23, 2023 |
Flangelo12:traditional ruler of OGILISI indeed. You created the community yourself |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by grandstar(m): 9:43am On May 23, 2023 |
copyrites: What's most painful was he did not need the help. The economic illiterate president enabled all this nonsense. 2 Likes |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by matthewkotin41(m): 10:14am On May 23, 2023 |
You don’t seam to understand that business owners like Dangote generate a bulk of forex that cbn rely on to keep naira afloat against other currencies through export. |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by Blitzking: 10:46am On May 23, 2023 |
Forgot to add that he got it at cool rate 1 Like |
Re: CBN Gave Dangote A $9 Billion Loan From Your "Scarce Forex" by 2rez: 12:01pm On May 23, 2023 |
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