Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,675 members, 7,955,482 topics. Date: Sunday, 22 September 2024 at 07:15 AM |
Nairaland Forum / Nairaland / General / Business / Central Bank Of Nigeria Commences Sale Of Chinese Yuan (21745 Views)
Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig / CBN On Fire - No Fire Scare At Central Bank Of Nigeria - Confirmed Reports / A Nairalander's Experience With Bank Of Industry (documents Attached) (2) (3) (4)
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Guk: 3:27pm On Jul 21, 2018 |
FriendNG: AUTHORISED DEALERS! 1 Like 1 Share |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by paradise88: 3:28pm On Jul 21, 2018 |
% 2 Likes |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Guk: 3:28pm On Jul 21, 2018 |
couragemurphy: When would have been the right time in your opinion? 1 Like |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Ukalejohn(m): 3:30pm On Jul 21, 2018 |
Funny country |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Nobody: 3:30pm On Jul 21, 2018 |
lastempero:if they don't restrict It,Nigeria can say goodbye to it's manufacturing sector. 1 Like 1 Share |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Guk: 3:31pm On Jul 21, 2018 |
AroOkigbo: Dollar will never fall if (1) you don't produce and patronize your local products (2) you keep sending your children abroad for schooling (3) you keep jumping on the next available plane to travel to countries not better than yours 4 Likes 2 Shares |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Guk: 3:32pm On Jul 21, 2018 |
salbis: You just identified a confused and gullible idiot! YOU! 2 Likes |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Guk: 3:33pm On Jul 21, 2018 |
rhames: That's why there's a separate window for raw materials |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by frowland(m): 3:34pm On Jul 21, 2018 |
If well implemented, it will lesson the pressure on the dollar as most goods comes from China. |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Guk: 3:35pm On Jul 21, 2018 |
flyca: How much will it have been if you 1st changed Naira to Dollar and then Dollar to Yuan? 1 Like |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by flyca: 3:36pm On Jul 21, 2018 |
Guk:57 rmb 32 in 2014 |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by lastempero: 3:37pm On Jul 21, 2018 |
nwanneni: The process is rigorous and open to some form of racketeering and no businessman will have time for all these process. I have been their before and I know how it feels. |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by matthew080: 3:38pm On Jul 21, 2018 |
Base on my findings, i discovered that its advantage is more than the disadvantage and can atlease be tackled if ready for business, DISADVANTAGE This development will cause great influx of imported product into the country, so there for we have to strengthen our Organizations like SON,NAFDAC,CUSTOM and the like to check in for fable or fake product This will cause foreign products to compete with our local product here in Nigeria ADVANTAGE, on its way coming |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by paix(m): 3:39pm On Jul 21, 2018 |
AroOkigbo:True talk!!! 1 Like |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Blue3k(m): 3:39pm On Jul 21, 2018 |
CBN offers to yuan for Nigerian business wishing to important machinery and agricultural goods. The benefit for nigerian business is they get it at better price and they wont need to source dollars. It could help naira appeciate and strengthen bilateral trade with China. The authorized dealers are the ones that deal directly with CBN. You go to bank and bank submits the bid. FriendNG: 3 Likes 2 Shares |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by paix(m): 3:41pm On Jul 21, 2018 |
israelmao:I think that's the essence, but let's wait and see how it goes. |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Hotfreeze: 3:42pm On Jul 21, 2018 |
BruncleZuma: Hahahaha You sef dey reason that thing? The US, UKvand Europe won't like this at all. |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by KTC1: 3:46pm On Jul 21, 2018 |
Good development. Let's see how it plays out. 1 Like |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Nobody: 3:59pm On Jul 21, 2018 |
naijaguy123456:So what would be our benefit? |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Nobody: 4:04pm On Jul 21, 2018 |
lastempero:enlighten me please |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Printerscanner: 4:13pm On Jul 21, 2018 |
Emokai3: What good has ever come out from your family? 2 Likes 1 Share |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by bejeria101(m): 4:26pm On Jul 21, 2018 |
AroOkigbo: Did the dollar offend you? |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Emokai3(m): 4:30pm On Jul 21, 2018 |
Printerscanner:a lot of things your family will never achieve |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by omenziate(m): 4:51pm On Jul 21, 2018 |
naijaguy123456: How does high interest rate stimulate growth or make your currency strong ?As a manufacturer , I want interest rate on my borrowings to be low . While high deposit rates which is what you mean is okay for an investor which he sees as high return on equity , it is a lazy man’s way of making which doesn’t stimulate growth in anyway. I would rather just plunge my money in TBills or Time deposit doesn’t really add value to the economy by creating jobs or anything . If I am not mistaken ,taxation and government spending ,when the government spends less and taxes More which is tight , how does that strengthen the Naira?? Mayb I am missing something ?? 3 Likes |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by Gordonz07(m): 5:07pm On Jul 21, 2018 |
salbis:I thank God you are also one of the idiots following. God bless you confused and gullible idiot. |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by AK481(m): 5:20pm On Jul 21, 2018 |
naijaguy123456: Don’t worry,dollar is the focal point of all international currency. If u deal directly with yuan,dollar will come down ,if dollar reduces drastically it will improves the naira. 4 Likes |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by bendike: 6:00pm On Jul 21, 2018 |
naijaguy123456:Insightful! Kindly keep analyzing such issues to us cause i have been trying to understand the economics of the yaun/naira trading. |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by ZUBY77(m): 6:06pm On Jul 21, 2018 |
flyca: Rmb is not 57. |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by isaaczik: 6:49pm On Jul 21, 2018 |
paix: This policy does not that Nigerians will start buying yuan to store like USD. But it means that our importers will start importing from China with there currency instead of using USD as a denominator for conversion. This policy would have being the other way round, that is, it should have been China that will need naira and not Nigeria needing yuan. Because they should buy raw material from us and not Nigeria buying finished goods from China. Nigeria leaders are economic experience handicapped because this contradict Buhari economic policy that should promote local production. This means that imported goods will be profitable to the businessmen than goods produced here. Buhari this is not your fault because you old and uneducated but your economic advisor and coordinator are illiterates. This will kill our economy, Buhari please let your economic team monitor this policy. Bye bye 1 Like 1 Share |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by K2asure: 7:18pm On Jul 21, 2018 |
People are not getting the point buying is for only machinery and agricultural equipments not product in other way round we open ways for China to open there manufacturing or assembly company in our country. |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by AroOkigbo(m): 7:38pm On Jul 21, 2018 |
Guk:Which of these is Buhari not doing? |
Re: Central Bank Of Nigeria Commences Sale Of Chinese Yuan by franzis(m): 8:17pm On Jul 21, 2018 |
ZUBY77:its between 58- 60 Naira |
CBN To Introduce Lower Denominations On Atms / Concern For Investors As Access Bank, FCMB Others Lose ₦1.7 Billion To Fraud / Nigerian Breweries Completes ₦5.1 Billion Automated PET Line In Ogun State
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 42 |