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Nairaland Forum / Nairaland / General / Business / United Kingdom Now Accepts Naira For Payments (43685 Views)
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Re: United Kingdom Now Accepts Naira For Payments by AreaFada2: 11:20am On Feb 15, 2018 |
sinkhole:French franc was not at par with cefa before Euro came. It was pegged to francs and still pegged to Euro now. Britain seeking to undercut EU by again gaining more advantage using colonial ties. While it reduces forex pressure on the Naira/ FG on paper, it could increase demand for British goods thereby increasing import dependence. Since forex will not be a restricting factor as much. 5 Likes 1 Share |
Re: United Kingdom Now Accepts Naira For Payments by seguno2: 11:20am On Feb 15, 2018 |
okito: I laugh in English A butcher is attracting a cow to its death but the senseless cow is convinced that the butcher loves it 4 Likes |
Re: United Kingdom Now Accepts Naira For Payments by bmaks: 11:24am On Feb 15, 2018 |
I don't know if I am the only not overtly excited about this offer, though I know it a Win-Win situation but i smell a TROJAN HORSE move here.....cos it says UK govt will provide 85% funding for projects with 20% British Content...... I know its not all that sweet and ROSY, dem no be father Christmas all of a sudden.... Can we ask "At which percentage of funds repatriation and at what profit sharing margin"? I also foresee a range of silent corruption pact to be overlooked and encouraged between our POLITHIEFIANS and UK Govt. 1 Like 1 Share
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Re: United Kingdom Now Accepts Naira For Payments by paix(m): 11:24am On Feb 15, 2018 |
Achorise:In the dust? |
Re: United Kingdom Now Accepts Naira For Payments by paix(m): 11:26am On Feb 15, 2018 |
lordraiden:He was considering the VALUE of the EXCHANGE, I believe. 1 Like |
Re: United Kingdom Now Accepts Naira For Payments by Houseofglam7(f): 11:27am On Feb 15, 2018 |
chronique:Izz not fair |
Re: United Kingdom Now Accepts Naira For Payments by Houseofglam7(f): 11:28am On Feb 15, 2018 |
paix: |
Re: United Kingdom Now Accepts Naira For Payments by paix(m): 11:30am On Feb 15, 2018 |
olahero:It won't be a lopsided business deal between the 2 countries. 1 Like |
Re: United Kingdom Now Accepts Naira For Payments by Livefreeordieha(m): 11:33am On Feb 15, 2018 |
shallysgirl:i know was just messing around |
Re: United Kingdom Now Accepts Naira For Payments by emmie14: 11:33am On Feb 15, 2018 |
Another avenue for looting and fraud by government officials. British will soon withdraw interest on this initiative. The system is highly corrupt. |
Re: United Kingdom Now Accepts Naira For Payments by jolyment: 11:38am On Feb 15, 2018 |
Houseofglam7: You don't mean it. |
Re: United Kingdom Now Accepts Naira For Payments by chronique(m): 11:45am On Feb 15, 2018 |
Houseofglam7: Lol |
Re: United Kingdom Now Accepts Naira For Payments by shedy03(m): 11:47am On Feb 15, 2018 |
another APC achievement, huh! lol. |
Re: United Kingdom Now Accepts Naira For Payments by toyoC1(f): 12:05pm On Feb 15, 2018 |
This would surely widen the trade deficit between Nigeria and UK. Compare 180million potential naija buyers against a mere 60million British... |
Re: United Kingdom Now Accepts Naira For Payments by Houseofglam7(f): 12:22pm On Feb 15, 2018 |
jolyment: Ameanit |
Re: United Kingdom Now Accepts Naira For Payments by LaudableXX: 12:22pm On Feb 15, 2018 |
Okoroawusa: Ah, they have just decided to resuscitate what they used to do in the past. I heard that shops in Shepherd's Bush in London, used to accept Nigerian Naira as payment for their goods, anytime our Naija people went shopping. In those days, exchange rate was low, and naira was even stronger than the US Dollar from what I heard....
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Re: United Kingdom Now Accepts Naira For Payments by LaudableXX: 12:24pm On Feb 15, 2018 |
AreaFada2:Very true!! 1 Like |
Re: United Kingdom Now Accepts Naira For Payments by Troublemaker007(m): 12:43pm On Feb 15, 2018 |
Houseofglam7: Lmfao
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Re: United Kingdom Now Accepts Naira For Payments by Nobody: 12:52pm On Feb 15, 2018 |
If I know that my product will be paid for in my customers' local currency and in his country, then, it means that those customers can now conveniently pay for my goods without bottlenecks. Thereby, cutting away minimizing competition. The implications of this move if you think of it, are: 1.More Uk industries may now start to spring up in nigeria and 2. This may attract other countries, like the US, to design a similar strategy. But overall, this is good news. 2 Likes 2 Shares |
Re: United Kingdom Now Accepts Naira For Payments by ademusiwa3r: 1:03pm On Feb 15, 2018 |
i]imghttp://www.ctvnews.ca/polopoly_fs/1.1731281!/httpImage/image.jpg_gen/derivatives/landscape_620/image.jpg[/img] |
Re: United Kingdom Now Accepts Naira For Payments by ItsMeAboki(m): 1:24pm On Feb 15, 2018 |
It is a double edged sword: on the one hand it would facilitate businesses of those who traditionally import British goods and may on the other hand hurt our trade balance by encouraging more importation of British goods. |
Re: United Kingdom Now Accepts Naira For Payments by Mickeydray(m): 1:46pm On Feb 15, 2018 |
Please I need your criticisms and views on this post (permit me if it too long) I am submitting it for a competition. The theme is the Rise and Fall of Humanity HUBRIS "Humans cannot live without stories, we surround ourselves with them- history hath bestowed them upon us." The General walked in, his AK-47 hanged over his neck. He saluted his commander, who seems to be studying; he complained about the sudden switch in the army's air invasion from RAF to London, before he could finish, another General walked in and lamented to the Commander on the side effect on their economy if they attack Russia. The Commander was at a cross road; he was at war with Britain, declared war on USA, underestimated Russia and he had just lost over 250 000 of his troops due to lack of equipment and preparation. He wished he hadn't started all these, he had led hundreds of thousands of youth to their death but he had killed more ( The Holocaust). Jozef Stalin, Ismail Enver Pasha, Mengistu Haile Mariam, Kim II Sung, Leopold II of Belgium, Pol Pot, Hidek Tojo, Mao Zeding and Adolf Hitler, what do these great men have in common? We will be taking a look at that very soon Herodotus in 490 BC with 10 000 men and his alies defeated the Great Persian army three times of their size. He discovered that humanity did not rise and fall because of social, economic or political forces. The greatest mistake made by Humanity was the Sin of Hubris. “ we have met the enemy, he is us” Hubris is the outrageous arrogance that marks the abuse of power. This is the sin Jozef Stalin, Ismail Enver Pasha, Mengistu Haile Mariam, Kim II Sung, Leopold II of Belgium, Pol Pot, Hidek Tojo, Mao Zeding and Adolf Hitler committed. Man has been in dominion since the beginning of creation, but our moral blindness has made us believe we can do anything and there will be no consequences either from God or Man. This was the same thought that was going through the minds of those great villains of history. Environmental degradation, Racism, lust for power and other social vices has made man the most dangerous animal in the Food chain, we don't care what or who gets hurt as long as we are on top. On the bright side! Our rise and fall is all preparation for better things as we learn from our mistakes and errors. Humanity has witnessed the rise and fall of monarchy, dictatorship, feudalism and communism. This is the theme for the evolution of life to continue, sweeping all that does not yield into perfection. #Daviddray |
Re: United Kingdom Now Accepts Naira For Payments by hokafor(m): 1:56pm On Feb 15, 2018 |
Anything that comes from British government is a Greek gift. |
Re: United Kingdom Now Accepts Naira For Payments by Okoroawusa: 2:24pm On Feb 15, 2018 |
omenkaLives:Thanks 1 Like |
Re: United Kingdom Now Accepts Naira For Payments by jolyment: 2:32pm On Feb 15, 2018 |
Houseofglam7: That's hilarious. |
Re: United Kingdom Now Accepts Naira For Payments by Icon79(m): 3:13pm On Feb 15, 2018 |
How can they accept naira when naira isn't convertible? I don't know if I'd buy this story. O pari Okoroawusa: |
Re: United Kingdom Now Accepts Naira For Payments by zakari247(m): 5:58pm On Feb 15, 2018 |
this is trap Nigeria and Nigerians are about to fall in if we do no trade carefully. imagine you buy a range roved and Nigerian government will pay the difference meaning we are all paying the difference as Nigerians because a man decided to buy from the Britain. look this nonsense Britain is bringing now is to make us pay for their living and luxury. yes they want to accept naira because they everything to gain given our market. this is a coy to allow every British goods to flood our market and make are people become unattracted to local goods when we are starting to get use to them. Nigerians raise ur voice against this for this is coming to destroy our local industry. Britain is preparing for a second colonisation of Africa. first they will start with the economy. |
Re: United Kingdom Now Accepts Naira For Payments by zakari247(m): 6:02pm On Feb 15, 2018 |
musicwriter:God bless your reasoning |
Re: United Kingdom Now Accepts Naira For Payments by omoiyamayor(m): 6:32pm On Feb 15, 2018 |
UK government helping us with fOREX problem,what a class. |
Re: United Kingdom Now Accepts Naira For Payments by Nobody: 6:45pm On Feb 15, 2018 |
Evil people they're all getting scared now,why now?they'll all soon start talking every currencies they're all becoming afraid of crypto currencies they're now trying to preserve their dying sterling. They can't push people around anymore,the whole world government are getting scared now. Crypto currencies are here to stay. |
Re: United Kingdom Now Accepts Naira For Payments by Bevima: 7:07pm On Feb 15, 2018 |
This move right here is gonna increase the value of Naira with time. Insha Allah |
Re: United Kingdom Now Accepts Naira For Payments by omooat: 7:20pm On Feb 15, 2018 |
zakari247:Which local industry are you referring to? There is no local industry in Nigeria. If Nigerians want to survive, let competition begin! |
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