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Nairaland Forum / Nairaland / General / Business / Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich (23994 Views)
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Re: Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich by pacespot(m): 4:38pm On Feb 14, 2016 |
Chai! Black people are too gullible especially the youth, I don't believe people will believe this false propaganda that Nigeria's nouvre riche are feeling the pinch of this economic downturns. This is just a way to take many attentions of the masses from their filthy wealth in the face of acute poverty that is about to ravage the common man. These people have stolen enough money and stashed in dollar-denominated foreign banks when the exchange rate was is the region of N150/$1. Do you know what that means to their wealth in the current economic clime - that's double or triple the value of their current worth in Naira. You may say the falling oil price is dwindling their revenue but the accompanying weakening of Naira against dollar is also strengthening their wealth. These people have foreseen all this that is why they chose to keep their money in Swiss Bank rather than in Nigeria. If you tell me it is to avoid the prying eyes of the public then I'll say you have no knowledge about how these financial institutions operate. They can keep their money in Nigerian banks and you will never know who run those accounts. Saying that Nigeria's super rich are feeling any economic pinch is what I will consider a Fallacy of the day's Valentine! 3 Likes |
Re: Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich by Autopin: 5:21pm On Feb 14, 2016 |
oduastates:This is the hieght of jelousy, if you think they aren't that bright try becoming a billonaire. GO AND HIDE, YOU SHOULD BE ASHAMED OF YOURSELF 1 Like |
Re: Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich by scobaba: 5:29pm On Feb 14, 2016 |
Re: Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich by Nobody: 6:05pm On Feb 14, 2016 |
X0x0 |
Re: Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich by kingsfield(m): 6:22pm On Feb 14, 2016 |
The poor deposits#2, 000 n the rich deposits #200, 000 both gets a deduction of #50 as stamp duty. Who z affected d most? |
Re: Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich by Nobody: 7:31pm On Feb 14, 2016 |
Okay. We have hear.. We can only get richer. Poverty, bye bye.. |
Re: Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich by AnaCheks(m): 9:30pm On Feb 14, 2016 |
scobaba:Pls Can I send u a PM Sir |
Re: Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich by kenyguy(m): 9:36pm On Feb 14, 2016 |
oduastates:Your Right. Its time to recognize creative thinkers. |
Re: Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich by gemale(m): 12:04am On Feb 15, 2016 |
eleojo23:True talk man. Oil boom was d beginning of our nation's doom. We abused it nw we have 2 suffer d repercussions. Wt d way oil prices keep plummeting, I foresee Nigeria breaking up because only a fool doesn't know dt we r only together because of oil money.
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Re: Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich by skj1377(m): 8:24am On Feb 18, 2016 |
godoluwa:bros you are wrong again. I import materials intact I just imported hydrocarbons from china and I bought $199. What you Dont understand is that you can fund imports through a channel called L/c with the aid of a bank and gov/CBN will pay at official rate for it. But you need to import what is deemed by gov essential for industrial growth . but things like toothpick used cars and stuff like that do not fall into that category which incidentally falls in to the bulk of our imports . can you imagine major marketers looking for dollar to import finished petroleum products? If dollar is $400 then the smart one among them will build local refinary and start local production, driving the foolish ones who are still looking for dollar probably by then $500 out of business as their imported products will be out priced. |
Re: Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich by godoluwa(m): 8:40am On Feb 18, 2016 |
skj1377:you mean building refinery will happen overnight? btw, nt all importer import bullshit as u claim. lastly, this topic is old & i wont say much on it again |
Re: Hard Times! Economic Downturn Humble Nigeria’s Oil Moguls And Super-rich by godoluwa(m): 8:43am On Feb 18, 2016 |
skj1377:let me ask u, why is the price of almost everything increased? vehicle, computer, rice, phone, radio, tv set etc or we are to manufacture all? |
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