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Nairaland Forum / Nairaland / General / Business / 41 Exempted Items: FG Dumps CBN’s Forex Policy (25579 Views)
CBN New Forex Policy Fails To Excite Foreign Investors / Benefits Of CBN's New FOREX Policy / Unpatriotic Persons Pushing For Forex Policy Reversal—cbn (2) (3) (4)
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by gratiaeo(m): 8:23am On Dec 11, 2016 |
Another "we will" useless government |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by afroditte(f): 8:29am On Dec 11, 2016 |
LWKMD!!!! Zombies see your lives! I remember how zombies supported and defended this policy like their lives depended on it! This was the first policy that started the country on the route to the recession we are in now. Buhari needs to resign since like yesterday. 2 Likes |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by Skseries: 8:36am On Dec 11, 2016 |
afroditte:did u even read it at all, cus if u did then u will know the titile is different from its content, from ur tiny mind now the gov is unbanning the previously banned 41 item right? Yeye u 2 Likes |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by Miles300: 8:38am On Dec 11, 2016 |
AnonyNymous:Buhari should resign nd watch the nation fortune change ! |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by Nobody: 8:42am On Dec 11, 2016 |
afroditte: Glad you brought this up They kept repeatedly blaming importation of toothpicks for all the woes buhari brought to office 1 Like |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by Nobody: 9:09am On Dec 11, 2016 |
Govt. Of dumbskulls with NO CLEARLY DEFINED BLUE PRINT! The d.aft dullard should quit playing trial n error with precious lives, something he won't do to his immediate family! |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by Fidelismaria: 9:10am On Dec 11, 2016 |
abeg summary pls cos me i no understand anytin up dere too long |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by afroditte(f): 9:26am On Dec 11, 2016 |
Skseries:zombie keep fooling yourself. It is clearly written here, if you don't understand English or you cannot read, then get an interpreter. Emma Ujah, Abuja Bureau Chief THE Federal Government is set to abolish the policy of the Central Bank of Nigeria, CBN, regarding the 41 items exempted from foreign exchange market in its newly released 2017 Fiscal Policy Roadmap The policy document prepared by the Minister of Finance, Mrs. Kemi Adeosun, will, instead, come up with fiscal measures to reduce pressure in the parallel market. |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by yahmohy27: 9:28am On Dec 11, 2016 |
AnonyNymous:but is not easy like that,for what reason ? |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by yahmohy27: 9:30am On Dec 11, 2016 |
sammyj:Sack? That is until they have something against him I think and Buhari can only suspend him |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by Nobody: 10:15am On Dec 11, 2016 |
sayyid: Hahahaha. Its gonna be a cold day in hell before anything goes right in this shìť hole |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by elfico(m): 10:22am On Dec 11, 2016 |
hotspec:You are a true Nigerian 1 Like |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by MeAboki(m): 10:26am On Dec 11, 2016 |
hotspec: A very silly comment based on blind hatred not common sense. Pls give specifics as to how you disagree or how you think these proposed economic measures are going to be disastrous or otherwise refrain from commenting on what you obviously do not understand. |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by sayyid(m): 10:30am On Dec 11, 2016 |
Babzilla:part of the real reason why Nigeria is getting worse everyday is that we her citizens have given up on her already. but I believe that one day one day we shall be great again, I have that hope 1 Like |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by DonMekino(m): 10:33am On Dec 11, 2016 |
I bet u dat even presd Buhari doesn't understand wat forex and fiscal policies are really ppl are just feeding him with their own personal idiosyncrasies 1 Like 1 Share |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by fsb(m): 10:35am On Dec 11, 2016 |
There is a fundamental lack of logic in the way our currency market operates. The CBN sells forex to banks at 'x'; the banks then sell same forex to BDCs at a profit, lets say, 'x + y', where 'y' is profit. The BDCs then sell forex to consumers at 'x + 3y'. This defies logic and so long as status quo is maintained, people would continue making billions from round tripping, and corrupt politicians would continue receiving bribes with forex bought from the unregulated black market. President GMB needs to address this problem. So long as there is an unregulated black market, Nigerians would keep buying forex at prices determined by BDC operators. 1 Like 1 Share |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by BeeBeeOoh(m): 10:40am On Dec 11, 2016 |
hotspec:Mogbe!! Nawa oh! Who come vex you this morning nah??
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Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by Nobody: 10:58am On Dec 11, 2016 |
sayyid: You have every right to your beliefs buddy same as me. Good luck hoping |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by sekem: 11:15am On Dec 11, 2016 |
hotspec: At least, recognized that you are a SHEEP. |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by hotspec(m): 11:46am On Dec 11, 2016 |
sekem: MeAboki: Your level of ZOMBIEism has gone into irreversible comatose. Anyway i sighted u when on ur way TREKKING for BUBU to exchange $1 for N480, and buy fuel for N140/ltr despite d global price crash! Radaaadaa!
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Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by idupaul: 11:47am On Dec 11, 2016 |
nastyesco: The problem with Buharis is that he always has his eyes on other people money from MTN to our bank accounts and now he wants to help diasporans spend their hard earned money too in a bogus scheme that would steal diasporan money and still not provide any home as usual....You would also note that this economic plan as usual doesn't contain any attempt to reduce overheads associated with opulent earnings of the political class 2 Likes |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by sammyj: 11:54am On Dec 11, 2016 |
Then let him suspend him yahmohy27: |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by MeAboki(m): 2:14pm On Dec 11, 2016 |
hotspec: Typical IPOB youth flexing his shop boy mentality; lacking in substance and full of moronic hatred - what a joke! BTW, is that you loitering outside you master's shop
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Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by adimsmt: 3:26pm On Dec 11, 2016 |
jonili: Talk, Talk, Talk, Talk, And Talk. Clock is Ticking, Ticking, Ticking, Ticking, And Ticking. |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by tiwiex(m): 3:37pm On Dec 11, 2016 |
sammyj:The government might be doing business with Emefiele too na. So they like themselves too. |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by tiwiex(m): 3:44pm On Dec 11, 2016 |
nastyesco: Very confusing indeed. Summary is that most of d dollar in circulation was money diaspora. Buhari did a lot of command and control tricks and people stopped sending money home. Y send money to Nigeria and I get official rate in Naira while CBN keeps dollar. We used to get 20 billion dollars and rising annually. What kami is saying is they want them to keep sending money but it is for a home scheme? Do they live here? The choice on what they plan to do here should be their business. The grammar sef plenty. Just trying to make sense of it all 2 Likes |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by internetgangste: 4:12pm On Dec 11, 2016 |
hotspec: I'm sure you are good at nothing |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by internetgangste: 4:28pm On Dec 11, 2016 |
jonili: We were trying to reduce importation but now we are trying to be self sufficient, improving infrastructures ad what have you. How do you actualize this when you are broke and they still keep remmiting your money. I think you're going to became a businessman without a working capital. |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by sayyid(m): 4:54pm On Dec 11, 2016 |
Babzilla:lol we shall be great again |
Re: 41 Exempted Items: FG Dumps CBN’s Forex Policy by Nobody: 5:16pm On Dec 11, 2016 |
zaimeg: It takes strong men to build strong institutions. No? |
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