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Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by Nobody: 5:49pm On Apr 19, 2016 |
I don't see any gain on this business, what will happen to our local production? How will our local industries grow when it's cheaper to import from china? How are we going to create more jobs with this? Do we change our foreign reserve to yuan too? 1 Like |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by jobsat34(m): 5:51pm On Apr 19, 2016 |
Almajiri1: that will not be the case sir.. those items that were banned from accessing the forex will still remain banned. while yuan will not be sold to those BDC as well. nothing changes as far as access to forex for imported goods is concern |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by elmisti(m): 5:53pm On Apr 19, 2016 |
kazyhm: Lol....in fela voice *confusion everywhere* |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by ojuolu(m): 5:54pm On Apr 19, 2016 |
elmisti:. Please see the big picture sir. |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by ednut1(m): 5:54pm On Apr 19, 2016 |
we need a leader like mao zedong. f**k democracy |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by BekeeBuAgbara: 5:55pm On Apr 19, 2016 |
Can Nigerians get Yuan at official exchange rate? Unlike dollar. |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by Nobody: 6:04pm On Apr 19, 2016 |
elmisti: |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by tushburg(m): 6:05pm On Apr 19, 2016 |
Dollyak:Please re-phrase in a more simpler term |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by robinsoncrosoe: 6:09pm On Apr 19, 2016 |
Abugab:being a nigerian has thought me never to believe until I see I blived APC when they were making all those promoses.look where we are nw |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by Misterdhee1(m): 6:16pm On Apr 19, 2016 |
Very very positive Development, but what happens to the local Manufacturers? Win, lose situation.. Win in the sense that, importation of raw materials that can't be sourced locally, can be cheaply imported from China..Loss, in the sense that, "Made in China Goods "will crowd our market space, and will be relatively cheap and might force many local goods to extinction. Interesting Scenario 1 Like |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by Nobody: 6:16pm On Apr 19, 2016 |
kajoula: pure delta boy. roger that? |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by elmisti(m): 6:17pm On Apr 19, 2016 |
ojuolu: Nice one, but for d sake of gaining smtn...pls dnt see me as a pdp or ipod yoot ( no offence to them )...am jst a concerned citizen nd I blv I knw more dan a lil abt political economics....let's jst talk like matured men who want d betterment of d nation! #1- is settled #2--logical but how practical ( d law of demand n supply set in too)...d more d demand for Yuan #3-- is settled #4--we av to agree it is the healthiest #5--most tinz china sell to us can be produced locally #6--hahaha....mke we leave am #7---ease of trade makes importn simpler na, I see chinese cars making dier debut soon #8--ah!...dey can devalue dier currency anyhw..alll dey need is a push from d pentagon 1 Like |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by rigarmortis: 6:46pm On Apr 19, 2016 |
OK I know some people will say I'm negative but its really not true here. I'm being serious. people are now seeing China as the new saviour in place of the west who are devils disguised as helpers. this may not be far from the truth. but its erroneous to see China as wanting to come and help Nigeria. they are investors, period, and investors exploit negotiations to their benefit. coupled with the fact that Nigeria does not pursue investment deals, we just want immediate gains. for example what's the local content in the infrastructure development deal? let's say China wants to build rail from Lagos to kano for us, you will see that all the major workers and engineers will be from China that's if another rail is to be built then we have yo call them again. China and Japan and Taiwan on the other hand insist on local content. in about five years time they are fully local. same way India developed her manufacturing industry ie tata trucks and co. right now some models of rovers are actually made in India. Japan used German technology mainly but see where they are now. if this is not done the Chinese benefit mainly cos we provide them with jobs and foreign exchange. coupled with the fact that we import mainly from them and export virtually nothing making the trade one sided, it might lead to weaker naira against the dollar. this move could be the smartest or the biggest blunder depending on the details and how its handled. |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by GudluckIBB(m): 6:53pm On Apr 19, 2016 |
Dollyak: You are very intelligent. This shud be the best comment I have read in recent time Well done! I just sent a pm.kindly reply. |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by Ebiezprada(m): 6:56pm On Apr 19, 2016 |
Many of our local manufacturers will also be on the losing side......... |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by Joel3(m): 6:57pm On Apr 19, 2016 |
how did this sh t get to the front page. this poster just posted crap and misinform the people. the deal swap is nothing but shit. below is what will educate the citizens Advantage & Disadvantage Of Nigeria And China Deal if you ask me, the only advantage is temporary and divert the existing problem. Advantage of Nigeria & China Deal 1, to reduce temporary pressure on the dollar 2, cheaper import of Chinese goods & service 3. using Nigeria as a contact point or business hub to other west Africa country 4. short team infrastructure to ease suffering 5. the naira will now be accepted by some Chinese 6. opening of Chinese and Nigeria trade. Disadvantage of Nigeria & China Deal 1, it discourage local product since its cheaper to import 2. it will increase importation as never before, and most especially this critical time oil is worthless 3. it contradict the slogan of Diversifying Nigeria economy 4. we have little to export to China compared with our import from China 5. the profit margin scale is not balance Nigeria is on the losing end. 6. the long team is disastrous to our economy 7. Chinese yuan is not worthy to bank on inflation will kill our reserve. 8. Chinese will start taking over our jobs and owning a store and storehouses. like it happens in Zimbabwe 9. on the long run there will be scarcity of the yuan just like dollar today. 1 Like |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by Sant1m: 6:59pm On Apr 19, 2016 |
ofesko121:Like me, i just feel that if PMB fails then it will take another generation to help us. Great leader don't always fall on the category of Mr Nice Guy, or Mr Smart or handsome guy. I just love him 1 Like |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by tempest01(m): 7:09pm On Apr 19, 2016 |
justmenoni: Fool |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by babajay69: 7:19pm On Apr 19, 2016 |
Drclassic: We all hope so |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by olajigaolamide: 7:21pm On Apr 19, 2016 |
I am student from ukraine and i do make bank transaction using the GT Bank naira master card , please will this deal affect bank foreign transaction? |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by Nobody: 7:22pm On Apr 19, 2016 |
Now i can skul in china @ low cost |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by olajigaolamide: 7:27pm On Apr 19, 2016 |
Sant1m:I am a staunch support of buhari despite all this economical problems |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by sage2(m): 7:38pm On Apr 19, 2016 |
Princeizuu: The question is when the importers turn their focus to the Yuan, do you have enough Yuan reserve to serve them? |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by cirmuell(m): 7:45pm On Apr 19, 2016 |
ichidodo:wetin happen? you lost ur voice? |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by avoSunkanmi(m): 8:08pm On Apr 19, 2016 |
broh,you forgot yahoo boys,, dem b dopest losers now |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by krak101(m): 8:12pm On Apr 19, 2016 |
mbatuku1:do you rather prefer he sell it to IMF(USA) |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by emi89: 8:21pm On Apr 19, 2016 |
now I used to do importation business from China company which the prices are given in dollar, so if I am to import how is it going to be like coz am a kind of confused |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by toluwahala: 8:32pm On Apr 19, 2016 |
9ja plenty people no get sense! not everybody get chance to chop big money to buy expensive in/from us, Europe, the majority of poor people benefit from china products. ok, if you still argue, nobody stop you buying us/European made products. why distorch all the facts? you really use the thing sit upon your shoulder? |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by prejulsuc(f): 8:38pm On Apr 19, 2016 |
Drclassic:pls when is this development commencing. I cannot wait. |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by laptopsale(m): 8:49pm On Apr 19, 2016 |
elmisti:Well said |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by omobaekiti: 9:04pm On Apr 19, 2016 |
elmisti:I should have educated you on the matter as I see your education on the matter is sadly lacking but you confessed that you are wailing,which translate to mean you would not be intellectually honest," intellectual honesty is characterized by your readiness to scrutinize what you believe and listen to other evidence available" but in your wailing mode I don't think that is possible. So I will save my time by not wasting it on you. |
Re: Nigeria – China Currency Deal – The Biggest Winners And Losers by elmisti(m): 9:13pm On Apr 19, 2016 |
omobaekiti: If dere is anytn u think I. M nt seein right, point it out nd bck it up wit facts..... |
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