Stats: 3,187,427 members, 7,932,379 topics. Date: Tuesday, 27 August 2024 at 05:21 AM |
Nairaland Forum / Nairaland / General / Business / Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN (25609 Views)
41 Exempted Items: FG Dumps CBN’s Forex Policy / Forex Policy: IMF Lauds CBN, Naira Appreciates / CBN Forex Policy Irreversible — Saraki (2) (3) (4)
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Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Goke7: 3:48pm On Feb 20, 2016 |
grandstar: So what is the big deal in exports? |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Empredboy(m): 3:51pm On Feb 20, 2016 |
swtdrms:and the chairman said the government should give the members 18 months to prepare themselves. My question, raw materials that they can't get now how will they get it with 18months. Since example of RAW MATERIALS are trees, wood, crops, minerals. He should tell us which of the raw materials. |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by oduastates: 3:53pm On Feb 20, 2016 |
LordVoldemort: Thank you for the list . I am going to use it |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by lastpage: 3:55pm On Feb 20, 2016 |
AustineE1: Make una Sharrap joor! Even M.A.N refused to name the items involved so we can vouch and see if it is TRUE! "Economic gains of the last regime" my foot! If you want CBN forex, STATE THE ITEM you want to use it to buy PUBLICLY...... and let us see if it cannot be sourced locally. Innoson Motors is smiling to the bank, because he is being patronised Many other local manufactures and Agric farmers are smiling because their products are being patronised, yet some #WAILERS are still living in the past "election failure"? Buhari & CBN should ban more items...... and let those who insists on those items, to source their Forex themselves. It is not a MUST that CBN and Nigerians must fund your "foreign appetite, for foreign goods". Anybody wey wan die, make im die Lastpage! 3 Likes |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by asha80(m): 3:58pm On Feb 20, 2016 |
grandstar:why the fuccck should we import palm oil when adapalm in ohaji as big as it is is lying largely fallow? That is what Goke7 is trying to tell you..we should use our brain and force these huge raw materials lying fallow to to feed these industries..how you wondered what if adapalm ohaji and abia palms were functioning at full capacity? 2 Likes |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Nicur: 3:59pm On Feb 20, 2016 |
so this shows that MAN was not consulted before the BAN?? So how did the government arrived at what and what should be BANNED without consulting the stakeholders?? THIS IS A DEFINITION OF CLUELESSNESS!!! ![]() 1 Like |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Empredboy(m): 4:00pm On Feb 20, 2016 |
sinkhole:They are not in the list. |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by acenazt: 4:04pm On Feb 20, 2016 |
ShowYourCertificate:my dear wise man. It seems u r d one devoid of simple economic knowledge. |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by acenazt: 4:10pm On Feb 20, 2016 |
asha80:correct pesin. U just spoke the truest truth excuse my english. Some people are plain hypocrites and their views r purely sentimental. They will c d truth and intentionally fail to acknowledge it. What if those firms are operational? Who stands 2 gain? |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by LordVoldemort(m): 4:12pm On Feb 20, 2016 |
LRNZH: The crazy thing is I don't see an item on that list that we can't actually source locally |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Greatvision: 4:13pm On Feb 20, 2016 |
ShowYourCertificate:How will you feel if somebody referred to your father in such a manner? Somebody who holds a position that all your family members can only dream about......... I pity this generation of rude and classless educated illiterate. Shame!!! 1 Like |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Eluwilussit(m): 4:18pm On Feb 20, 2016 |
Goke7: Southerners dey import goods. Northerners dey sell money. Which one come be ethnic card. This is how the north has always cheated the south. If you like, dey there dey pretend. Wake up. Buhari is never known for doing anything that will benefit every section of the country. |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by MrGerald(m): 4:21pm On Feb 20, 2016 |
LRNZH:You're not in a position to know, he said re-appeal, they've appealed to them before and given them the items, so go and sit down!! 1 Like |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by LRNZH(m): 4:23pm On Feb 20, 2016 |
MrGerald: The MAN chairman came to the court of public opinion to cry out. He is obligated to list the items so the public has a clear picture of what he is crying about. I hope you have learnt something today. |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Reference(m): 4:24pm On Feb 20, 2016 |
Dollarchap: That is what you chaps said about fuel subsidy. That it cannot be removed. Then you threw away 5 trillion naira then removed it anyway. Slow in thought, wasteful in acts, reprobate people condemned to suffering and slavery to Shell Petroleum. Don't devalue na. The black market. The real market has no respect for the CBN because the real economy is NOT controlled by the CBN. Devaluation or floating your currency is the only way to regain control. |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Coolcash1: 4:24pm On Feb 20, 2016 |
[s][/s] ShowYourCertificate: O ya receive sense...Is PMB the one that approved massive looting of the treasury...You PDP e-rats should just bury your head in shame...Thank God the ineffectual buffon didn't come back. It would have been disastrous. 1 Like |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by talktonase(m): 4:25pm On Feb 20, 2016 |
Elijahrona2:God is busy watching us as we bring the economy down to its knees. |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by MrGerald(m): 4:25pm On Feb 20, 2016 |
phantonce:Nigerians and their reasoning, so in your imagination this policy is war against a section of the country and you still hope Nigeria will be great?.. looooolllllzzzzz!! 1 Like |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by FLYFIRE(m): 4:34pm On Feb 20, 2016 |
Ecoterrorism:Don't mind the IDIOTS. If you abuse them back the idiotic mods will ban you. That's the problem with COWARDS like apc. They call but can't take calls. That's why after getting in by propaganda they are fighting to keep people quiet. I am VERY SURE SOME nairaland mods are on lai's payroll....Aisha jollof eaters. 1 Like |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Nobody: 4:40pm On Feb 20, 2016 |
LRNZH: thank-you o, the other day one of them was begging Saraki to remove tomato puree from banned items, meanwhile there is a glut of raw tomato production in the country now. Instead of the idiot manufacturers to ask for forex to procure machinery so they can manufacture their own tomato paste from local tomatoes like Erisco, they still want to waste our forex to use us as a dumping ground for EU subsidized overproduction of tomatoes. http://www.tribuneonlineng.com/cbn-forex-restriction-on-imported-goods-to-stay-%E2%80%94saraki |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by olajizz01(m): 4:40pm On Feb 20, 2016 |
fitzmayowa:If it is 'Transformation agenda'things would have gone worst more than this. |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by MsFaith: 4:41pm On Feb 20, 2016 |
The truth is Nigeria has to be forced to become a manufacturing country (a producer) not just a consumer 1 Like |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by vivaciousvivi(f): 4:43pm On Feb 20, 2016 |
LegatusGlaber:The list is freely available even on Nigerian customs website. Guardian newspaper carried it a while back as well. Those who import are fully aware of this. 1 Like |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Nobody: 4:47pm On Feb 20, 2016 |
LordVoldemort: We have no business importing any of these things, at the very least not with CBN forex |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Reference(m): 4:49pm On Feb 20, 2016 |
Saifullah01: Oga stop this thing you are talking. If you go to market and they tell you there is an Innoson sedan officially sold for 1 million under lock and key due to scarcity and the same model goes for 2 million, won't you cry out especially when some of your fellow competing taxi drivers are getting it for 1 million. It is only free market that makes for competition that increases productivity and drives down prices. No one will invest and those inside will opt out if this skewed monetary regime is maintained. |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by JuanDeDios: 4:53pm On Feb 20, 2016 |
igwe123:I'm with the zombies on this one. I had to read the article twice hoping to find the items. |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Bitterleafsoup: 5:01pm On Feb 20, 2016 |
Saifullah01:This is correct and I expect it to be mandatory that the Nigerian government buy cars made in Nigeria and support the academic programs geared toward manufacturing vehicle's and make sure the indigenous companies have sufficient capital to fund research and international sales and marketing departments. If Innosan is in every country, that alone will boost the Nigerian economy. 1 Like |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Goke7: 5:04pm On Feb 20, 2016 |
asha80: Thanks a lot, if more Nigerians are thinking like this, then we are on our way to recovery. |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Goke7: 5:08pm On Feb 20, 2016 |
Reference: Na grammar u de talk, Innoson would only spur more similar companies to spring up. Nigerians like to emulate successful companies by starting their own so keep your excuse to yourself. |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Goke7: 5:12pm On Feb 20, 2016 |
lookandlaff: The funny thing is that owners of companies like erosco and innoson are from same region as the main atagonists of the tight FX rules. We don't like ourselves in this country, we only use ethnic bias for our personal gains and not even to advance our regions. 1 Like |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by grandstar(m): 5:16pm On Feb 20, 2016 |
Goke7: All countries that have become giants have done so on the shouder of exports. Look at Nigeria and what crude oil exports has done for the country. Imagine if Nigeria had 5 sectors like that 1 Like |
Re: Many Companies Will Start Closing Shop Due To CBN Forex Policy – MAN by Nobody: 5:17pm On Feb 20, 2016 |
Goke7: Most of the people making noise even from their manner of delivery you can tell are ignorant and poorly educated, focused more on sentiment than facts/reason. Unfortunately they are plenty. |
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