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Nairaland Forum / Nairaland / General / Business / Businesses Have Lost N1.46tn To Forex Shortage – LCCI (8873 Views)
Naira Shortage Forces Banks To Boycott CBN Dollar Sale / CBN Directs Banks To Pay Cash To Forex Users / Govt, Others Target N5.46tn Pension Funds (2) (3) (4)
Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Omooba77: 8:13am On Dec 28, 2015 |
The Lagos Chamber of Commerce and Industry said private operators have lost about N1.46tn as a result of the foreign exchange constraints being experienced in the country over the last six months. http://www.punchng.com/businesses-have-lost-n1-46tn-to-forex-shortage-lcci/ |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by omooba969(m): 8:15am On Dec 28, 2015 |
We have loads of Professors of Economics but yet they have no effect. We have loads of Economy Analysts but yet they are only good at making noise on tv & radio. We have hundreds of thousands of Economics graduates year in, year out & yet they are nothing but bunch of empty heads. Which way Nigeria, how do we fix our problems? 24 Likes 1 Share |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Omooba77: 8:54am On Dec 28, 2015 |
omooba969: Government need to reverse their economic policies,unless Nigeria, Naira will be worthless than Russian Ruble 10 Likes 1 Share |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by kennyman2000(m): 10:38am On Dec 28, 2015 |
Hmmmm... Its well! |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Omooba77: 11:14am On Dec 28, 2015 |
kennyman2000: God will help us my brother,2016 is mot looking smiling at all 2 Likes |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Omooba77: 11:43am On Dec 28, 2015 |
Lalasticlala,ishilove compliments of the season |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by francizy(m): 12:08pm On Dec 28, 2015 |
francizy: 12 Likes |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by adioolayi(m): 12:09pm On Dec 28, 2015 |
Crying time of the Rich is here....The Superrich are Crying.... The Poor are silent..they can't cry anymore, they are used to it This policies only favours CLEAN BUSINESS.... No room for shady deals. The gap between the rich and the poor gradually being shortened. #EmefieleEconomics 10 Likes |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by kamokaze10(m): 12:10pm On Dec 28, 2015 |
Just observing where dis nation is headed. 1 Like |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Decibel: 12:10pm On Dec 28, 2015 |
Lies, not when we have enough body language of Buhari for economic security 20 Likes |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Nobody: 12:10pm On Dec 28, 2015 |
This is the result of someone leading 170 million people with a NEPA bill. 46 Likes 4 Shares |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Nobody: 12:11pm On Dec 28, 2015 |
i wan mess 4 Likes |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by gurunlocker: 12:11pm On Dec 28, 2015 |
cursed change.. 7th month and the economy is sinking 10 Likes |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Oblitz(m): 12:11pm On Dec 28, 2015 |
i |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Nobody: 12:11pm On Dec 28, 2015 |
hmmmm |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by AmakaDNBStories(f): 12:11pm On Dec 28, 2015 |
Hmm |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by anonimi: 12:13pm On Dec 28, 2015 |
To be forewarned is to be forearmed. However the zombies did not listen and here we are heading to a mega recession if not depression just as it was in the 80s www.nairaland.com/attachments/2095210_worst_jpeg588f192a23aa02a7b350a8bbe5d18306 www.nairaland.com/attachments/2045441_image_jpeg9f360c5ab7736510df54c882e9dbf188 www.nairaland.com/attachments/2200220_buharitimes_jpeg7f7af5477cac38029a73c90597c94226 20 Likes 2 Shares |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Nobody: 12:13pm On Dec 28, 2015 |
Omooba77:Why do I think you're also omoba969 |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Bjergtrolde: 12:13pm On Dec 28, 2015 |
Businesses Have Lost N1.46tn To Forex Shortage Technically? 4 Likes |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by bloodykiller: 12:14pm On Dec 28, 2015 |
this is what you get when an illiterate terrorist Daura dullard gworo chewing bastard burukutu sipping gorilla mumuhamado mumuharii is leading a complex country. Buhari is a terrorist - Elrufai Buhari is an economic bokoharam - Sen Ali Ndume Buhari is a yam eater - Oshiomole Buhari is a corrupt bastard - omojuwa 19 Likes 5 Shares
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Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by ajebuter(f): 12:14pm On Dec 28, 2015 |
Omooba77: Citizens to pay more taxes to shore up government revenue? Dem swear for goverment ni? The heavy taxes we are already paying nko? Abi dem share us for dasukigate? E wa oh, e je ki ori yin pe oh! 6 Likes 2 Shares |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by SmartMugu: 12:15pm On Dec 28, 2015 |
This CBN governor needs to be replaced asap. |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Sasuwa(f): 12:16pm On Dec 28, 2015 |
Buharinomics 2 Likes |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Nobody: 12:16pm On Dec 28, 2015 |
This is coming just as the Federal Inland Revenue Service has hinted the citizens will pay higher taxes from next year as a means of shoring up the nation’s revenue.This is the part I find most worrisome. The already impoverished masses would have to fund a budget that is supposed to bring better life to them. The irony of this "change" really bemuses me. May God help us. Buckle your belts my dear friends, the ride is about to get a little bumpy. 11 Likes 1 Share |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by drss(m): 12:18pm On Dec 28, 2015 |
If only buari knew governace is TOTALY different from cattle rearing, d economy would have been better. No fuel, no business, no foriegn exchange, just more n more regulation in d name of trying to make N1=$1. How can d economy industrialize n create jobs when d economy is excessively regulated lets see how gworo master will woo foreign investors with this ancient daura economics. Buari's daura economic is inconclusive. 12 Likes 1 Share |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Nobody: 12:19pm On Dec 28, 2015 |
Sasuwa:However I still have some belief that we would get it right along the line. It could get ugly before it gets beautiful. 1 Like |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by HenryThegreat1(m): 12:20pm On Dec 28, 2015 |
Dominiquez:. Tell me what u gain after dis ur comment |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Teenaira: 12:21pm On Dec 28, 2015 |
adioolayi: If you are super rich because you are importing toothpick, it is time to rethink. |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by PipSurgeon(m): 12:25pm On Dec 28, 2015 |
too bad |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by just2endowed: 12:25pm On Dec 28, 2015 |
ajebuter: LOL na so we see am oh..... Who will be tax? Is it the rich or the poor? 1 Like |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Nobody: 12:26pm On Dec 28, 2015 |
SmartMugu:I'm really interested in knowing who is co-ordinating the economic policies. Is it the Vice-President, or the Minister for Budget or Finance or CBN governor or Mr President. We need someone to hold responsible for the mess we're getting into. My brother I also join you in asking : Why is the CBN governor still in office. He should honorably resign if Mr President is too clueless to know that the man needs to be replaced. it 2 Likes |
Re: Businesses Have Lost N1.46tn To Forex Shortage – LCCI by Bevista: 12:26pm On Dec 28, 2015 |
“However, correction towards real effective exchange rate in the form of exchange rate adjustment is likely in Q1 2016. This will reduce the pressure on external reserves,” it stated.This is inevitable, except there is a rebound in oil prices. The Central Bank policy of maintaining an artificial exchange rate is not sustainable. The only worry is that by the time they'll finally do the needful, so much harm has already been done to the Economy. --- Folks praising the CBN policy are only looking at things from a single perspective. This is MACRO ECONOMICS, you need a multidimensional perspective to understand the NET effects of a particular policy. 1 Like |
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