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Nairaland Forum / Nairaland / General / Business / Five Top Exporters Earn $22m In Two Months – CBN (20006 Views)
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Five Top Exporters Earn $22m In Two Months – CBN by FreeStuffsNG: 9:59am On Sep 30, 2023 |
Top five exporters earned $22m in April and May, figures obtained from the Central Bank of Nigeria have revealed. https://punchng.com/five-top-exporters-earn-22m-in-two-months-cbn/ 22 Likes 4 Shares
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Re: Five Top Exporters Earn $22m In Two Months – CBN by FreeStuffsNG: 9:59am On Sep 30, 2023 |
The top 5 non oil forex earners have done well. I urge them not to rest on their laurels. These companies,all based in Southwest region of Nigeria, especially the indigenous ones, are an inspiration to many others that you can make it here in Nigeria too and earn great returns from exports. Don't be a lazy youth. Invest in the South West of Nigeria today for great ROI and best investment-friendly experience in Africa's largest economy. God bless Nigeria for ever.Check my signature for free stuffs! 43 Likes 4 Shares
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Re: Five Top Exporters Earn $22m In Two Months – CBN by GeneralPula: 10:09am On Sep 30, 2023 |
Mehn.. If only Nigerians can change their mentality of importing everything.. 22 Likes 3 Shares |
Re: Five Top Exporters Earn $22m In Two Months – CBN by Nbote(m): 10:13am On Sep 30, 2023 |
GeneralPula: How can they change their mentality on imports? Policies in the country isn't favorable for production. Cost of production will cripple both buyers and sellers. If the govt wants to encourage local production let them stop lip service and put up measures, palliatives and incentives to encourage local production. It is cheaper to import than produce in this country despite the fact that we have all the raw materials 46 Likes |
Re: Five Top Exporters Earn $22m In Two Months – CBN by Bellmom(f): 10:17am On Sep 30, 2023 |
That's ok |
Re: Five Top Exporters Earn $22m In Two Months – CBN by GeneralPula: 10:19am On Sep 30, 2023 |
Nbote:Nigerians producing in Nigeria, which policy are they using? Report came in last year that Nigeria sent over $50m to China for fake human hair. Are there no made in Nigeria human hairs? What happened to them using such money to patronize made in Nigeria human hair? Our naira will keep paying the price.. 25 Likes 1 Share |
Re: Five Top Exporters Earn $22m In Two Months – CBN by ElSudani: 10:21am On Sep 30, 2023 |
Nbote: The government should indeed get more serious on electricity especially. The wise thing to do if you want to eradicate widespread poverty, hunger and unemployment is to produce most of what you consume. 22 Likes 1 Share |
Re: Five Top Exporters Earn $22m In Two Months – CBN by FreeStuffsNG: 10:24am On Sep 30, 2023 |
Nbote:When you spend all day on Nairaland with your negative mindset , insulting everyone including the leaders and the land till it withheld its blessings from you and you fail to meet the right set of people who can teach you the right legitimate way to go about it, everything will remain hard for you nah. There's a Korean proverb that if you see nail in every issue presented to you, instead of using your brain to solve it, you will be looking for hammer. There's no where in the world where entrepreneurs find it easy so stop deceiving yourself. It's very very hard and that's why most people don't take the Entrepreneurial journey. Export business is particularly hard everywhere in the world! The Founder of one of those 5 companies is a Nigerian like you, he did not even go to school like you! Yet, he started learning commodities traidng in his late teens and early 20s in the old western region then proceeded to farming and buying cocoa beans then exporting overseas, he is in his 80s 0r 90s today and still Chairman of the company. Behind his success is about 60 active years of intense hardwork and positive mindset. Today, one of his Children, who are very well educated, is the CEO of the company. The company he founded in his 20s is today the highest indigenous non oil forex earner. That's powerful. What then is your own excuse? Social media entertainment and cyberbullying addiction? Smh Quit decieving yourself. Business is hard everywhere in the world and Nigeria is no exception. Below is a short video of an American entrepreneur swearing in a court deposition and you can see him admit he has problems and how stressed he is. Entrepreneurship is for the bold and positive minded who are teachable too. https://youtube.com/shorts/u1S1CTQMjlY?si=nkffiIrJ9Q7t7pyb 44 Likes 4 Shares |
Re: Five Top Exporters Earn $22m In Two Months – CBN by Nbote(m): 10:55am On Sep 30, 2023 |
FreeStuffsNG: I'll ignore your rantings because apparently there's something wrong in your head. I'm a major distributer and dealer with a well known brand in baking butter and other materials here in Nigeria. I'm not a jobless retard like you. 50 Likes 4 Shares |
Re: Five Top Exporters Earn $22m In Two Months – CBN by RepoMan007: 10:57am On Sep 30, 2023 |
This is a good example to understand how the naira weakens and strengthens based on cumulative export/import balance of trade. These companies if they ever need dollar to import, maybe machinery, can take from their earned dollar and use or even sell to others in need of dollar to import. That means less pressure upon dollar supply and better exchanging rate for the naira. The CBN is not the one to be blamed if bandits had ransacked these companies and force them to stop operation. The CBN has little to do with actual economics operation. 13 Likes 2 Shares |
Re: Five Top Exporters Earn $22m In Two Months – CBN by benuejosh: 10:58am On Sep 30, 2023 |
I thought i would find somepersons or someone from the agricultural sector as the first but been among the top 5 is still good. It shows that the agricultural sector is still a major contributor to foreign earnings in Nigeria. Agriculture is just the way to go. There's money in the soil. 15 Likes |
Re: Five Top Exporters Earn $22m In Two Months – CBN by Kukutente23: 11:00am On Sep 30, 2023 |
Nbote:Pffft Trailer don jam bicycle Hot air of empty sermon just got deflated Chai!! Bros you wicked If you continue like this Abacha will make heaven before you 8 Likes |
Re: Five Top Exporters Earn $22m In Two Months – CBN by Kukutente23: 11:03am On Sep 30, 2023 |
RepoMan007:At the bolded is the koko Nigerian govt will sit down and be chasing CBN, NNPC, Minister of Finance about while there are no plans to make the economy productive How exactly will the CBN gov conjure dollars out of the bank? Too much misplaced priority under APC 2 Likes 1 Share |
Re: Five Top Exporters Earn $22m In Two Months – CBN by Pigstormentor: 11:10am On Sep 30, 2023 |
CBN has now become a propaganda agency. You claim exports are generating forex, but unemployment numbers are increasing geometrically? Stop the useless Propaganda. People are now angry... That country is worthless and their internet propaganda rodents are very useless. 6 Likes |
Re: Five Top Exporters Earn $22m In Two Months – CBN by Proudlyomonna: 11:34am On Sep 30, 2023 |
Kukutente23: The thieves go about speaking grammars to further confuse their urchins while in reality they continue to be the biggest threat to the survival of small scale businesses. In reality they continue to send more and more peeps to poverty and suffering. Useless evil APC govt. 2 Likes 2 Shares |
Re: Five Top Exporters Earn $22m In Two Months – CBN by EmperorCaesar(m): 11:36am On Sep 30, 2023 |
Thats the aim...we should export more than we import Glad to know FG and CBN are following this 4 Likes |
Re: Five Top Exporters Earn $22m In Two Months – CBN by NothingDoMe: 11:41am On Sep 30, 2023 |
Which of the actions below helps the naira gain value: 1. Export your goods and get paid in Naira. 2. Export your goods and get paid in USD. 2 Likes |
Re: Five Top Exporters Earn $22m In Two Months – CBN by FalseProphet1(m): 11:47am On Sep 30, 2023 |
Nigeria is a huge crime scene. Know this and have peace. This I have seen. |
Re: Five Top Exporters Earn $22m In Two Months – CBN by MorataFC: 11:47am On Sep 30, 2023 |
Cool |
Re: Five Top Exporters Earn $22m In Two Months – CBN by BluntCrazeMan: 11:48am On Sep 30, 2023 |
Ok oo |
Re: Five Top Exporters Earn $22m In Two Months – CBN by victory36(m): 11:49am On Sep 30, 2023 |
Only?? ![]() |
Re: Five Top Exporters Earn $22m In Two Months – CBN by Brownshoe: 11:50am On Sep 30, 2023 |
This took alot from me, making me broke at the moment, anything to hold till next week pls, No amount is small 0278737398 wema Ketiku Bamidele
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Re: Five Top Exporters Earn $22m In Two Months – CBN by lordm(m): 11:52am On Sep 30, 2023 |
GeneralPula:Do you know Nigerians now import rubber plates. This country ehn. We all are not ready at all 1 Like |
Re: Five Top Exporters Earn $22m In Two Months – CBN by Artiiclebeast: 11:52am On Sep 30, 2023 |
And this is something to brag about? 2 Likes |
Re: Five Top Exporters Earn $22m In Two Months – CBN by tommy589(m): 11:56am On Sep 30, 2023 |
Nbote: You are right. Not only the cost of production alone, even govt. regulatory agencies have placed higher bars to be met before establishing small scale production outfit. Unlike how it was in the past It's good to certify the environment for production.But it becomes restrictive when you have an idea with little money to start with. And you are expected to have certain workforce and space, running to multiple times of money available before you start production. Start small and grow big is no longer possible 5 Likes |
Re: Five Top Exporters Earn $22m In Two Months – CBN by Bizibi(m): 11:57am On Sep 30, 2023 |
GeneralPula:it is cheaper to import than to produce in large quantity,all what manufacturers need is good favourable policies and elimination of double taxation and bottlenecks in the system. 1 Like |
Re: Five Top Exporters Earn $22m In Two Months – CBN by omoredia: 11:57am On Sep 30, 2023 |
FreeStuffsNG: U are a joker and a clown at the same time 4 Likes |
Re: Five Top Exporters Earn $22m In Two Months – CBN by chigator2: 11:58am On Sep 30, 2023 |
GeneralPula: A highly senseless submission. Do you know that majority of exporters in China and Germany are SMEs businesses. These SMEs enjoy a lot from their governments especially power. Can your Nigeria offer anyone, both great or small, 24 hrs of uninterrupted power ? Not every business is an Indorama or Shell to run their own Independent Power Plant. Use sense All these Yoruba employee jobbers and civil servants will just be opening mouths carelessly. 3 Likes |
Re: Five Top Exporters Earn $22m In Two Months – CBN by Tohmey(m): 12:05pm On Sep 30, 2023 |
GeneralPula:Smiles. . . Must we produce everything, we have other things that will retains our naira value if everything is been put in place. Our natural resources can go a long way in that. But, due to bad governance even though you inject $500bn into Nigeria the so called FG who has power over naira will print trillions of naira and mop out the $dollar within 2wks. |
Re: Five Top Exporters Earn $22m In Two Months – CBN by Dashlish: 12:06pm On Sep 30, 2023 |
Scrap(Batching) For Sale in Ibeju Lekki, Please No Long Chain. Asking Price is 40m 1 Like
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