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Nairaland Forum / Nairaland / General / Business / Foreign Suppliers Reject Letters Of Credit (23674 Views)
Nigeria’s Letter Of Credit Payments Fall By 63% In Q1 2024 - Nairametrics / Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market / Providers Of Business Loan, SBLC, Bank Guarantee, Letter Of Credit, SME Loan, (2) (3) (4)
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Foreign Suppliers Reject Letters Of Credit by treesun: 10:27am On Sep 26, 2023 |
Several Nigerian businesses that rely on imports have been cut off by their foreign suppliers who are rejecting letters of credit (LC) and refusing to deliver goods without payment as foreign currency shortages worsen in Africa’s biggest economy. https://businessday.ng/business-economy/article/trouble-looms-as-foreign-suppliers-reject-letters-of-credit/ 13 Likes 4 Shares
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Re: Foreign Suppliers Reject Letters Of Credit by Morbeta11(m): 10:30am On Sep 26, 2023 |
Tough times ahead.....Buhari's government buried Nigeria. Tinubu is just doing try you luck. Fg should start supporting SMEs. 59 Likes 6 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by BaddestQueen(f): 10:35am On Sep 26, 2023 |
hell hole omenka Corrinthians is supporting Tinubu because he hates igbos 71 Likes 5 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by wittywriter: 10:40am On Sep 26, 2023 |
It's about to get down! ...courtesy the new sherrif in town. Wittyness 15 Likes 3 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by Racoon(m): 10:43am On Sep 26, 2023 |
Another deadly blow to the unabating economic downturn. With the current illegitimate criminally minded government? Anything is expected. APC is a plague Nigeria never deserves. 67 Likes 4 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by Olril18(m): 10:45am On Sep 26, 2023 |
We are in big big Trouble 😎 24 Likes 3 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by BoldBrainz(m): 10:47am On Sep 26, 2023 |
Dear Niger Deltans: Una sure say we no go just shut down oil pipelines make the country for fold one time?! 99 Likes 11 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by Bubu4Sea: 10:48am On Sep 26, 2023 |
They want to keep away due to the criminal Yekini Amoda Sangodele aka Bola Tinubu. Can anybody blame them? 32 Likes 3 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by nedu666: 10:49am On Sep 26, 2023 |
Buhari did serious damage to nigeria but then tinubu knew he was incompetent yet supported buhari for president 90 Likes 3 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by ILoveFaith: 10:54am On Sep 26, 2023 |
BoldBrainz: Seconded 46 Likes 1 Share |
Re: Foreign Suppliers Reject Letters Of Credit by mrvitalis(m): 10:56am On Sep 26, 2023 |
Morbeta11:The state Buhari left Nigeria has little or nothing to do with where we are today Yes it was bad but not this bad Removing of fuel subsidy, floating naira without having backing brought us here Buhari is a failure yes but at least he was careful Tinubu and his team are even more ignorant than Buhari team and are too carefree Economy no be by gra gra... You tackle is slowly None, zero of tinubu policy has worked all backfired leaving us far worse where we started 95 Likes 13 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by EyeCumInPiece: 11:00am On Sep 26, 2023 |
Tinubu is bad omen. 10 Likes 1 Share |
Re: Foreign Suppliers Reject Letters Of Credit by Ofunaofu: 11:03am On Sep 26, 2023 |
We have never had it so bad We are at rock bottom Tinubu has wrecked this country 25 Likes 2 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by DatNiggaDaz: 11:08am On Sep 26, 2023 |
.... the result of allowing a mandate thief to steal the hope of Nigerians.. Economy in shabbles because of a fake crooked "Accountant" without certificates. The Tinubu developed Lagos crew ti lule yakata. Tinubu the drug addict has nothing good to offer the emilokans They have hidden the thread from politics to Business 37 Likes 4 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by masseratti: 11:09am On Sep 26, 2023 |
Shut down the official I & Ẹ window they won't hear... The naira is not floating freely if there is still an official window, ppl will take advantage of it and the Naira will fall further. Now we don't have foreign reserve to block the fall, now our CBN first time in history is failing to meet it's obligation, if you know what this means in economics terms, abeg if you get money to buy good for 6months and keep non perishable foods Pls do. If they don't manage the issue well.. We will definitely be another Greece, Zimbabwe or Argentina. Scrap the official rate let everyone buy and sell at the autonomous /parallel /aboki rate.. That's the only way we can reset the economy. No other magic under the sun can help us now.. Emeifile really messed things up I swear. 27 Likes 4 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by Kukutente23: 11:11am On Sep 26, 2023 |
Hit the ground into a landmine I asked Zombies when they were singing hosanna in the early days of this regime what exactly the plan was. I remember one of them saying Tinubu has done what no other president before him could do by removing subsidy. I told the guy subsidy removal was a means and not an end itself. It's the effects that determines if it was successful or not. The Tinubu govt simply hopped on the bandwagon of Western financial institutions by removing subsidy and devaluing naira on the first day in office. It shows poor managerial skill. Basic management requires that you do a SWOT analysis on your first day in office and not policy implementation. The thinking was FDI will rush into the country immediately the policies were implemented to circumvent the effects but that has not happened and we all know why. Secondly, Jesus said a demon cannot cast out another demon. I want to add that both will instead learn to live together. Tinubu is attempting to solve Nigeria's structural problems without looking to tackle the corruption that's at the base of it. It's a big issue he needs to own up to. He might end up losing friends but he can't really achieve much or anything at all, if he is having sacred cows. Those cows are never satisfied. As long as they are around, he'll neve get anything out of them. Lastly, the posturing of this govt is looking more like that of a wasteful one with the retinue of aides and appointees, the largest in our history. This in a time we claim to be broke. The West are usually very critical of such wastefulness. But besides that, the main challenge is how to ensure productivity. Most of those appointees don't even have offices as we speak. Yet they will draw salaries and other perks while loafing around Abuja. It's a disaster really 35 Likes 7 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by Cantonese: 11:13am On Sep 26, 2023 |
“My team and I”. “El Rufai will answer that question”. “Fashola will answer that question”. Now we all see how they failed woefully. I have also noticed that APC stopped accusing PDP of damaging the economy in 16 years. More Nigerians are going into starvation. Terrible policies and unguarded statements further deepen the poverty crisis in the country. 40 Likes 4 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by franchasofficia: 11:15am On Sep 26, 2023 |
Bola Tinubu the master strategist indeed They thought Lagos agberoism politics of chop I chop, and selecting stooges as Governors, House of Assembly members, Commissioners, Directors of state Parastatals, etc to run Lagos state like Tinubu's private family business is the same with running Nigeria a multi ethnic country with smart people like me inside 41 Likes 3 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by Jennieee4(f): 12:58pm On Sep 26, 2023 |
Okay 1 Like 1 Share |
Re: Foreign Suppliers Reject Letters Of Credit by Neduzze5(m): 1:03pm On Sep 26, 2023 |
The accounting first class graduate cannot Account again abi. Wahala be like bicycle. This is what happens when the South West insists on fielding a half baked candidate. 33 Likes |
Re: Foreign Suppliers Reject Letters Of Credit by Theunbothered: 1:04pm On Sep 26, 2023 |
They are giving only APC supporters and their businesses credit. If you are Igbo or "omo ale" no credit for you. This is the leadership we Tinubu supporters clamour for, 8 years of this kind of news is why we beat voters and rewrote election results. All hail president Tinubu! 15 Likes 1 Share |
Re: Foreign Suppliers Reject Letters Of Credit by chigator2: 1:05pm On Sep 26, 2023 |
Vgf |
Re: Foreign Suppliers Reject Letters Of Credit by Jackson619007: 1:05pm On Sep 26, 2023 |
This and more are things you'll see till the next 4 years. The damage has already been done. The user's text is already academic in nature. Please feel free to reach out to me for assistance with your academic tasks and programming inquiries. You can find my WhatsApp contact information in the signature below.👇 6 Likes |
Re: Foreign Suppliers Reject Letters Of Credit by STEWpid(f): 1:06pm On Sep 26, 2023 |
Chai.. Nothing to talk abeg. |
Re: Foreign Suppliers Reject Letters Of Credit by PrinceOfLagos: 1:06pm On Sep 26, 2023 |
Nobody trusts the drug baron and his clueless team of ministers 9 Likes 1 Share |
Re: Foreign Suppliers Reject Letters Of Credit by ebufa: 1:06pm On Sep 26, 2023 |
treesun: Fulani have finish our dollars...what will emilokans now chop 5 Likes 1 Share |
Re: Foreign Suppliers Reject Letters Of Credit by Yankee101: 1:06pm On Sep 26, 2023 |
How many days in office and this guy has made nigeria worse than buhari I’m partly happy he stole power because Nigerians willl now see it’s not a Hausa or Yoruba or Igbo thing, it’s a failed ruling class thing They all have to be replaced by HONEST capable hands 24 Likes 3 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by MrBONE2(m): 1:07pm On Sep 26, 2023 |
mrvitalis: nedu666: 16 Likes 1 Share
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Re: Foreign Suppliers Reject Letters Of Credit by annisy(f): 1:07pm On Sep 26, 2023 |
That criminal from daura distroyed this country but Zacchaeus the Tax Collector is very clueless on the way forward 15 Likes 2 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by sotall(m): 1:07pm On Sep 26, 2023 |
Re: Foreign Suppliers Reject Letters Of Credit by Yankee101: 1:07pm On Sep 26, 2023 |
Imagine price of oil is higher and there is still dollar scarcity The stealing that has occurred in tinubu’s first 100 days is mind boggling 21 Likes 3 Shares |
Re: Foreign Suppliers Reject Letters Of Credit by Adjovi: 1:08pm On Sep 26, 2023 |
If they should tell me anyone can be worse than Buhari I will argue it. For Buhari to be better than anyone , that means you are very very much brain dead. As in God.....it no go better for Una wey dey support APC o 23 Likes 2 Shares |
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