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Nairaland Forum / Nairaland / General / Business / No More Credit For Fuel Importers - Banks (10578 Views)
Billionaire Femi Otedola Sells Forte Oil, Exits Fuel Business / The Meanings Of Visa, Verve, Mastercard, Naira, Dollar, Debit & Credit Card / 91% Of Nigerian Importers Are Smugglers – Customs (2) (3) (4)
No More Credit For Fuel Importers - Banks by ijustdey: 6:33am On Jan 23, 2017 |
$1bn loans put financial system at risk –Marketer by Adeola Yusuf https://newtelegraphonline.com/news/banks-no-credit-fuel-importers/
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Re: No More Credit For Fuel Importers - Banks by seunlayi(m): 6:36am On Jan 23, 2017 |
This is a setback while our govt seems to be sleeping 5 Likes |
Re: No More Credit For Fuel Importers - Banks by sinistermind(m): 7:14am On Jan 23, 2017 |
Another fuel crisis looming 6 Likes |
Re: No More Credit For Fuel Importers - Banks by Boleyndynasty2(f): 7:18am On Jan 23, 2017 |
God save us all. But its high time we start refining in this country. 6 Likes |
Re: No More Credit For Fuel Importers - Banks by MARKone(m): 9:37am On Jan 23, 2017 |
Prelude to the planned fuel price hike . Nigerians our siddon look to the enter something else. 11 Likes |
Re: No More Credit For Fuel Importers - Banks by hucienda: 9:37am On Jan 23, 2017 |
Another fuel scarcity looming 4 Likes |
Re: No More Credit For Fuel Importers - Banks by Godprotectigbo2(f): 9:38am On Jan 23, 2017 |
Re: No More Credit For Fuel Importers - Banks by wayray: 9:38am On Jan 23, 2017 |
Gbam... Ashiri Tu o. |
Re: No More Credit For Fuel Importers - Banks by obailala(m): 9:39am On Jan 23, 2017 |
Na wa.. Hope NNPC has built up its capacity to import all the fuel Nigeria needs. 3 Likes |
Re: No More Credit For Fuel Importers - Banks by Frank3n2(m): 9:39am On Jan 23, 2017 |
Gobe unlimited... 1 Like |
Re: No More Credit For Fuel Importers - Banks by Pavore9: 9:39am On Jan 23, 2017 |
Sighs...... |
Re: No More Credit For Fuel Importers - Banks by Wiseandtrue(f): 9:40am On Jan 23, 2017 |
So with all these mouth wey APC make before them enter, we still dey import fuel 10 Likes
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Re: No More Credit For Fuel Importers - Banks by Ruggedpen: 9:41am On Jan 23, 2017 |
allow individual that has the money to build refinery, so they can improve output, which will put end to importers controlling our system. 4 Likes |
Re: No More Credit For Fuel Importers - Banks by ybalogs(m): 9:43am On Jan 23, 2017 |
I just hope this wont bring about Queues again in our filling stations. |
Re: No More Credit For Fuel Importers - Banks by SexyNairalander: 9:43am On Jan 23, 2017 |
booked |
Re: No More Credit For Fuel Importers - Banks by gbadexy(m): 9:44am On Jan 23, 2017 |
Fuel price hike loading.... 1 Like |
Re: No More Credit For Fuel Importers - Banks by ybalogs(m): 9:45am On Jan 23, 2017 |
When will our refineries be ready?We have this God given resources yet have to export then import. Doesn't make sense at all. 3 Likes |
Re: No More Credit For Fuel Importers - Banks by rusher14: 9:45am On Jan 23, 2017 |
Non performing loans yet the marketers live like Colombian Drug Lords. 7 Likes |
Re: No More Credit For Fuel Importers - Banks by idupaul: 9:45am On Jan 23, 2017 |
The grossly incompetent Buhari has set the ball rolling for another round of bitter fuel scarcity as a prelude to the fuel price hike ...Buhari's capacity to destroy the economy of any nation state cannot be underestimated ,the man must be Satan in flesh I tell yall 4 Likes |
Re: No More Credit For Fuel Importers - Banks by persius555(m): 9:46am On Jan 23, 2017 |
1 billion dollars can be used to set up four world class standard mini refinery in less than 12 months but we rather continue to import what we can refine on our own. Somebody tell me we are not dumb as a country or are we under a spell to continue remain stupid. 6 Likes |
Re: No More Credit For Fuel Importers - Banks by HAH: 9:46am On Jan 23, 2017 |
obailala:don't be frightened NNPC imports 90% of current petrol in the system What most of this independent importer do is they collect dollars from CBN through bank, then they sell the dollar to black markets, and make about 30% on it, while if they import oil the gain is not up to 10%. This fraud happens mostly in collaboration with the bankers The government gives 450000 barrels daily for local consumption, some are given to local refineries the rest are transported to refineries abroad and returned for local sales by NNPC, as it is the NNPC only pays for transportation and refining, the crude for local consumption is subsidized but no one is paid any cash as was done hitherto cos the crude was given at subsidized rate 7 Likes |
Re: No More Credit For Fuel Importers - Banks by Memyselfu2009(m): 9:46am On Jan 23, 2017 |
when we have clueless people runing the country its hard time we start making our fuel.... empower the Niger Delta boys who refined crude oil illegally let see if Dollar would remain the same against the Naira 3 Likes |
Re: No More Credit For Fuel Importers - Banks by AleAirHub(m): 9:47am On Jan 23, 2017 |
Alright............ Only few with great mind of thinking will see the opportunity coming out of this policy ...... #Confuse Govt Agent....... Be Still Favourable indirect sha |
Re: No More Credit For Fuel Importers - Banks by AntiWailer: 9:47am On Jan 23, 2017 |
rusher14: I taya for them ooo. 4 Likes 1 Share |
Re: No More Credit For Fuel Importers - Banks by Mutuwa(m): 9:47am On Jan 23, 2017 |
sinistermind: sokoto and kano already have statred feeling it Except if,the government has devised a way of jettsioning importers and now want to be in charge. 1 Like |
Re: No More Credit For Fuel Importers - Banks by AleAirHub(m): 9:48am On Jan 23, 2017 |
Thoughful but crude is govt BUSINESS in Memyselfu2009: |
Re: No More Credit For Fuel Importers - Banks by SpecialAdviser(m): 9:51am On Jan 23, 2017 |
fuel price increase looming..... 1 Like |
Re: No More Credit For Fuel Importers - Banks by Memyselfu2009(m): 9:52am On Jan 23, 2017 |
them know wetin them dey do in every crisis someone some where stands to benefit |
Re: No More Credit For Fuel Importers - Banks by WALEXYY(m): 9:53am On Jan 23, 2017 |
ijustdey: I don't want to believe this story, If this is true, we feel it in Lagos first |
Re: No More Credit For Fuel Importers - Banks by Saintp(m): 9:54am On Jan 23, 2017 |
To be candid, this country don tire person. 1 Like |
Re: No More Credit For Fuel Importers - Banks by Tman104(m): 9:54am On Jan 23, 2017 |
God save us! |
Re: No More Credit For Fuel Importers - Banks by AleAirHub(m): 9:55am On Jan 23, 2017 |
i concur Sure many will benefit Memyselfu2009: |
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