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Nairaland Forum / Nairaland / General / Business / Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg (22182 Views)
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Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by obailala(m): 11:13am On Sep 23, 2016 |
[size=15pt]Nigeria’s Currency Woes, a Blessing for Top Palm-Oil Producer[/size] - Presco sales up 60% in first 6 months on rising local demand - Company to increase palm-kernel oil exports to secure forex http://www.bloomberg.com/news/articles/2016-09-23/nigeria-s-currency-woes-prove-a-boon-for-top-palm-oil-producer No matter how bad a situation is, there are always those who profit out of it. Meanwhile I never knew bloomberg could ever have anything to say about Nigeria besides bashing. [size=3pt]cc: Lalasticlala, Seun, Mynd44[/size] 53 Likes 2 Shares |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by obailala(m): 11:58am On Sep 23, 2016 |
Footysport:It isn't a time for celebration, it's just a wake up call and a time for national introspection. 23 Likes |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by NOETHNICITY(m): 12:25pm On Sep 23, 2016 |
Intend to establish a palm plantation. Have already bought jus an acre of land. Need 4 more. 7 Likes |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by DIFY20(f): 1:28pm On Sep 23, 2016 |
Senator Shehu Sani has described those calling for the sale of some of Nigeria's national assets such as NLNG as economic parasites and predators who want to profit from the current economic recession. On his social media handle, Sani wrote "The call for the sale of our National assets and investment is condemnable. The proponents are economic predators and parasites who wants to profit from the recession. Nigerians must resist and rise up against this heists and roguery. They don't want to buy Ajaokuta steel company because it's not profitable;they don't want to invest in solid minerals,Agriculture or science and technology,they don't want to invest in the exploration of oil in Chad basin or Benue trough ;They want to buy NLNG and NNPC". 48 Likes 4 Shares |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by VocalWalls: 1:30pm On Sep 23, 2016 |
A blessing for Bloggers... |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by emmabest2000(m): 1:30pm On Sep 23, 2016 |
obailala: Ndi na ochi Ndi na akwa 4 Likes |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by kaen1317: 1:33pm On Sep 23, 2016 |
From whichever angle you want to look at it, the southeast and Niger delta region are the engine in the Nigerian state and Nigeria needs them more than they need Nigeria 23 Likes 2 Shares |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by raziboi(m): 1:33pm On Sep 23, 2016 |
that's life for ussss |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by fransixe(m): 1:34pm On Sep 23, 2016 |
Am so happy for them....hope the mgt will deem it fit to increase workers salaries and benefits? The profit should be spread to the common man working in that company, so it will be more blessings to the CEO.... 6 Likes |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by Pavore9: 1:36pm On Sep 23, 2016 |
Those producing/adding value around what is locally sourced and exporting are the ones who are the real boss! 7 Likes 2 Shares |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by Nobody: 1:36pm On Sep 23, 2016 |
$15mil * N199 = $15mil * N436 = 2 Likes |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by CoolFreeday(m): 1:37pm On Sep 23, 2016 |
I know that the ban on some items been imported is A blessing just that we(the youth) are not ready to change and are lazy to start seeing and taking advantage of things. The countries that stopped importation went through what we are going through but they are better for it now. #Nigeria will be great again 14 Likes 2 Shares |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by Nobody: 1:37pm On Sep 23, 2016 |
wow |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by geostrata(m): 1:37pm On Sep 23, 2016 |
GOD PUNISH RECESSION.............. I wanted to buy agege bread today, the breadseller told me #150, i told her what if she remove the nylon how much will she sell it? she told me #140, na so i take buy m, put m for my cap trekk enter house o!! [size=16pt]$1000 Payoneer[/size] fund urgently needed [size=16pt]@360/$[/size] contact me on whatsapp :::> 08185436277 1 Like |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by tbaba1234: 1:37pm On Sep 23, 2016 |
This is what we want, less dependence on foreign products and more locally based production. 2 Likes 1 Share |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by Nobody: 1:38pm On Sep 23, 2016 |
wow this is great. People should know that it would take us a while to get to where we want to be as a nation. Putting a ban on importation is certainly the right step. But our local producers should not exploit the situation and jerk up prices. Rice manufacturers are doing that now and it is not encouraging at all. We encourage our local manufacturers but they should know to keep prices moderate and not try to compete with foreign brands on price. Agriculture is definitely the way in Nigeria presently. You need just agriculture business idea to get started. This article gives you 50: http://www.nextnaijaentrepreneur.com/agriculture-business-ideas/ 3 Likes |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by tbaba1234: 1:40pm On Sep 23, 2016 |
Footysport: We are suffering because of our dependence on foreign goods. Local industries are supposed to thrive when exchange rates go up because they will be cheaper than imported products but we have no local industries and depend on imports. 8 Likes 1 Share |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by Akpan107(m): 1:40pm On Sep 23, 2016 |
Again, Nigeria still depend on South to survive. please, we should now export granut oil, make South rest small. 5 Likes 2 Shares |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by dunmorris(m): 1:42pm On Sep 23, 2016 |
watching in 3d |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by Nobody: 1:46pm On Sep 23, 2016 |
farming is the way. I expect our government to invest in such venture rather than the continuous search for oil in the north. Am proud to be a farmer 1 Like |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by Nobody: 1:46pm On Sep 23, 2016 |
I totally agree with you bro. That is what our young people need to hear. Instead of complaining all the time, we should think proactively and make the most use of that opportunity to prosper. CoolFreeday: |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by Nobody: 1:47pm On Sep 23, 2016 |
Footysport: What's your point? |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by sidneyj(m): 1:54pm On Sep 23, 2016 |
and naira still depreciating |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by Nobody: 1:56pm On Sep 23, 2016 |
kaen1317:Why do guyz always need to attach in order to gain relevance? The news clearly states that Presco oil is in Benin, Edo state. Have you ever seen the SW or the North attach before they could make some statements? 15 Likes |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by Nobody: 2:01pm On Sep 23, 2016 |
Your "exports" have to be more than "imports" for your currency to grow in value! if you are spending 8billion buying things and you are making 4billion, your earnings can only buy half of your demands #sensible ones will understand 16 Likes 1 Share |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by texazzpete(m): 2:13pm On Sep 23, 2016 |
Wait, people were actually approaching the CBN/banks for forex to import Palm Oil? Those people should be arrested and shot. 3 Likes |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by InyinyaAgbaOku(m): 2:14pm On Sep 23, 2016 |
The name is Nwabuko.
Proudly 5% |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by InyinyaAgbaOku(m): 2:15pm On Sep 23, 2016 |
Bolustic:Is Nwabuko an Edo name? Hater 6 Likes |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by anonimi: 2:17pm On Sep 23, 2016 |
obailala: Starting with leadership by example on local consumption. Unfortunately the man who led us into recession is not showing such leadership. HYPOCRITICAL leadership (Do as I SAY, not as I do) does no one any good. www.nairaland.com/attachments/3832619_1334645412446174922301297609174347280017007n_jpeg8d00af76652b2eaea5c3a1b057900bc2 2016 Budget: Buhari to spend more on State House Clinic than on all federal teaching hospitals Drug scarcity hits Aso Rock clinic despite N3.87bn budget Muhammadu Buhari under fire for seeking medical treatment in UK 1 Like 2 Shares |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by Nobody: 2:19pm On Sep 23, 2016 |
Bolustic:Afonja no one is attaching to anyone. Only an ignorant peep like you won't know that palm kernels gotten from palmtrees are more abundant in the SS/SE than other parts of Nigeria just as cocoa is abundant in the west. Igbo's also have palm trees in abundance so STFU! 6 Likes 1 Share |
Re: Nigeria’s Currency Woes, A Blessing For Top Palm-oil Producer - Bloomberg by ndcide(m): 2:20pm On Sep 23, 2016 |
This does not make sense to me because the price of oil in the market has increased so much. |
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