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Nairaland Forum / Nairaland / General / Politics / Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent (25327 Views)
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Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by amazingspiderma: 11:12pm On May 20, 2016 |
mastengsynergy:A very clueless one indeed. 1 Like 1 Share |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by Agimor(m): 11:13pm On May 20, 2016 |
bubu2019:Lol so you charge your phone there shey. |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by HurtgenForest: 11:15pm On May 20, 2016 |
MaziOmenuko: Something like this crossed my mind before. How were they getting their forex before now? |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by rodbel(m): 11:17pm On May 20, 2016 |
chigoizie7: Smart! We should start yielding fruits of that China deal now. If USD is giving issues please let go the Chinese way... |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by chigoizie7(m): 11:22pm On May 20, 2016 |
GBYB: Which genius means? Don't u get it? U can not offer what u don't have. Na d koko be dat, Ee no dey be say Ee no dey. No amount of geniusness will save u from either getting @ CBN rate for un banned goods or getting from the parallel market. U are a businessman, u want to make profits. I am d exchange guy(i change money @ black market rates), I also want to make more profit. And there is no way I can sell to others @ 345 and then sell to u @ 200. A difference of 145, assume u are exchanging 1million dollars, that means, I just lost 145million naira, while u will gain everything (Ekwe na bia, oo ndi be unu ka ndi be anyi mara ihe?). U all will be looking @ sourcing outside naija. Don't forget about money laundering and risks associated with armed robbers, assume u want an equivalent of $1million in Benin republic currency and u can't access dollars in naija, more reason u are going to Benin, abeg multiply 1million dollars by black market of 345, can u carry 345million naira across to Benin republic? Or u can u carry billions of Benin currency across the boarder to exchang it with dollars in thier country? That is too risky. As a good business man following the real chain of production. I will jejely buy the dollar @ naija recognised parallel market rate, import my goods, and den channel every cost to the final consumer, wetin concern me? That is d legal way of doing business, and another thing u do is considered illegal, @least not for mow wey pmb is fighting corruption and u will be encouraging it under his nose. Na sack for u. So, my brother, if u truly understand this gbege very well, u will know that the importers hands are tied and na we masses go suffer am. I am in a business to make profits, anything other than that is being a father Christmas, who wan do father Christmas for this kind economy? 8 Likes 1 Share |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by chigoizie7(m): 11:28pm On May 20, 2016 |
rodbel: Maybe NNPC don rush 1st go collect those ones, u knew they will still be importing 50%. Bros, like this eeh? We no go come out from this mess in the next 2yrs oh. See as avengers don reduce our normal daily 2.2million bpd, to mere 1million + bpd. To even think that we are loosing over N2.4+ billion per day. Naija is collapsed already. I for follow my sister travel go UK 12yrs ago, by now I for don become citizen oh. 1 Like |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by ever811(m): 11:30pm On May 20, 2016 |
this marketers self ![]() |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by peaceuntous: 11:33pm On May 20, 2016 |
obailala: I tell u. I am not for Buhari. I am not for GEJ I AM FOR PEACE Buhari has failed those who voted him 3 Likes 2 Shares |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by nkemjacob2(m): 11:35pm On May 20, 2016 |
Look @ how fuel is holding most nigerians ransom. All dis years gvt of d past had lost focus and pay neglegence 2ward dis sector becos of d corruption @ hand. See d result. "What a country" |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by vivaciousvivi(f): 11:39pm On May 20, 2016 |
When will we have a lasting solution to all these endless problems? So long as dollar remains scarce at the parallel market, or fluctuates drastically then the so called N145 /litre is not feasible. At this point, maybe we should back the NLC o 3 Likes 1 Share |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by SycophanticGoat: 11:43pm On May 20, 2016 |
babs01: Lmao! Too many silent zeros in the figure 1$ = N1(000), APC/Buhari promised their/his zombified supporters.. ![]() ![]() ![]() 2 Likes |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by Mayflowa(m): 11:49pm On May 20, 2016 |
MaziOmenuko: Of course it is the CBN duty to provide forex to foreign businessmen. There is no black market in any other country ooo. However, once they start earning dollars from crude oil export, they will be able to provide dollars at official rate. If the dollars were even provided now at official rate, the real pump price would not be up to N100 per litre. I am only PRAYING, that CBN is not doing dubious business with forex by sending what they have to black market at a deal cut while black markets go on to bleed importers. EFCC should investigate how CBN manages forex. |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by SycophanticGoat: 11:49pm On May 20, 2016 |
chigoizie7: So you carry because of Chineye reject Visa? ![]() ![]() ![]() ![]() |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by isobel: 11:50pm On May 20, 2016 |
As oil marketers begin to source for their own foreign exchange from the banks and parallel market, the rise in the exchange rate will be astronomical which will be passed on to the consumers. Nigerians should brace up for tougher times. The problem with this dispensation is mental laziness. Instead of sitting down to think and provide workable solutions that will make the life of their citizens better, they roll out quick fixes that worsens an already bad situation and from their comfort zones they tell the hapless masses that it will have to get worse before it gets better. We all know that the only people suffering are the poor masses. This government does not feel our pain. We must demand that the government do the job they are paid to do. Go back to the drawing table and come up with meaningful solution. 6 Likes 1 Share |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by Nobody: 11:50pm On May 20, 2016 |
2dugged: Its like this fool intentionally creates problems even when there is none. U said remive subsidy youve had your way. Let them import fuel, now you have to create another bottleneck Maybe he wants them to buy from the chinese SMH 3 Likes 1 Share |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by omogin(f): 11:53pm On May 20, 2016 |
See buhari life 1 Like 1 Share |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by chigoizie7(m): 12:01am On May 21, 2016 |
SycophanticGoat: Who is dis modafvcker? Lolz. Guy, u knew me to me last, abeg who are u? To think that u have been monitoring |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by SycophanticGoat: 12:06am On May 21, 2016 |
chigoizie7: Lmao! This's the first time I'm seeing your post and decided to mention you.. I like being adding some bit of humour in my posts and, no I'm not monitoring you nwanne... ![]() ![]() |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by chigoizie7(m): 12:09am On May 21, 2016 |
SycophanticGoat: So, how did u know I am d one? My pictures ain't showing for now. To call me "nwanne" hmm, sounds familiar. Nevertheless, who are u? |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by Nobody: 12:09am On May 21, 2016 |
its getting clearer, one day monkey go go market, e no go return!! apc --- CHAINS!!! 1 Like 1 Share |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by SycophanticGoat: 12:14am On May 21, 2016 |
chigoizie7: I'm just a random online dude oh! Please don't take me serious cuz even my moniker ain't serious... ![]() ![]() PS. Called you nwanne cuz from your moniker, you appear to be Igbo and I'm Igbo myself. Nwa afo obuna bu nwanne'm nu.. ![]() |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by chigoizie7(m): 12:14am On May 21, 2016 |
vivaciousvivi: If u like, back NLC from now till 2019, it will change nothing. The only way out is functioning refineries. Other than that, we can't do nothing. Let's just pray the avengers does not cripple the economy b4 the year runs out, otherwise na inside hot water all of us dey so. 1 Like |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by chigoizie7(m): 12:17am On May 21, 2016 |
SycophanticGoat: Nwanne parkia, u are not just any random online dude. As for ur moniker, it holds no water to me, the bone of contention here is, nwanne, biko kowara m onye ibu, maka na Amam n'ima ofuma. Mana onwezii ka oga adi na mu amaro Ginwa. Biko mechapu nwanne gi ifere n'iru, kowaram onye ibu. |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by andyview(m): 12:23am On May 21, 2016 |
AceRoyal: The Minister of Finance, Mrs Kemi Adeosun, said the payment recently released by the government to the oil marketers was one of the liabilities inherited by the current administration. |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by mexyk(m): 12:39am On May 21, 2016 |
sbashir10: Hope your blindness don't lead you to your doom. *spits* zombie |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by intergral(m): 12:45am On May 21, 2016 |
2dugged:madam u did nt read the news well and other news before this..... Its was one of the targets of the government, because removing the subsidy means the oil marketers will have to buy dollars in parallel market for #320.... During the days of subsidy the CBN gives them at #199...... |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by intergral(m): 12:45am On May 21, 2016 |
2dugged:madam u did nt read the news well and other news before this..... Its was one of the targets of the government, because removing the subsidy means the oil marketers will have to buy dollars in parallel market for #320.... During the days of subsidy the CBN gives them at #199...... ... |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by Pavarottii(m): 2:05am On May 21, 2016 |
rodbel:Do u know how many businesses av closed due to scarcity of forex? 3 Likes |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by Pavarottii(m): 2:06am On May 21, 2016 |
intergral:If they buy at 320, u still expect them to sell below 145? |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by grandstar(m): 2:11am On May 21, 2016 |
Governmemt has to devalue the naira to restore sanity 2 Likes |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by SycophanticGoat: 3:17am On May 21, 2016 |
chigoizie7: Aham bu Chukwuebuka.. Mana, ihe'm kwuru bu eziokwu oh! |
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by opribo(m): 3:58am On May 21, 2016 |
Bubu is the only one in Nigeria who is not corrupt. Bubu and his daughter Zara are the only one entitled to Forex. Bubu is the only one entitled to travel 4 times in the month without question. Bubu is the only one who is a saint in this government others are noise makers. Bubu is the only president I know with a controversial school certificate result. 2 Likes 1 Share |
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