Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,219 members, 7,815,262 topics. Date: Thursday, 02 May 2024 at 09:52 AM

Dangote To Stop Sourcing FOREX From CBN - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Dangote To Stop Sourcing FOREX From CBN (24554 Views)

Dangote To Renovate MKO Abiola Stadium / The Time It Would Take Dangote To Pay Off His ₦792m Bugatti Veyron / Fatima Dangote To Wed Jamil Abubakar (Photo) (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Re: Dangote To Stop Sourcing FOREX From CBN by Winters23: 7:48am On May 13, 2022
Elmojiid:
be careful

It is you that is dragging Dangote that should be careful
Re: Dangote To Stop Sourcing FOREX From CBN by Lightorder: 7:49am On May 13, 2022
uptimum123:
Nice one from the Dangote groups. Nigeria is bound for greater heights.

Buhari has layed the foundation for a prosperous Nigeria while Tinubu will take us to the promise land.

With Tinubu, Nigeria shall soon become one of the most powerful Nation in the world.

Tinubu is our choice for President


you don’t get nothing, doing nothing. Keep wishing and dreaming. Prosperity doesn’t just happen. No prosperous nation stands on one leg , just only dangote. Meanwhile, go get a malaria drug.
Re: Dangote To Stop Sourcing FOREX From CBN by Nobody: 7:51am On May 13, 2022
uptimum123:
Nice one from the Dangote groups. Nigeria is bound for greater heights.

Buhari has layed the foundation for a prosperous Nigeria while Tinubu will take us to the promise land.

With Tinubu, Nigeria shall soon become one of the most powerful Nation in the world.

Tinubu is our choice for President



if you dont get lost
Re: Dangote To Stop Sourcing FOREX From CBN by fykes(m): 7:51am On May 13, 2022
soberdrunk:
I don't reckon the relevant agencies are monitoring the activities of Dangote group and many other big companies in Nigeria, one can only imagine the level of cutting corners and underground wuru wuru these big companies will be engaging in..... angry
There nothing been monitored in this country except the poor masses, Nigeria is run like a mafia. The big corporations pay protection fees to the big politician and parties and a little more as tax to the mafia org (country) if u as a so called monitoring agency abi agent near them, u will be out of job before u blink an eye.
So just find ur place in the food chain and take what crumbs gets to u - the job description of our MDAs
Re: Dangote To Stop Sourcing FOREX From CBN by NOwazobia: 7:52am On May 13, 2022
vedaxcool:
One of the few business elite that truly believes in is Nigeria. He provokes senseless envy from all and sundry.
Your first sentence defies common sense.
Re: Dangote To Stop Sourcing FOREX From CBN by ajailer(m): 7:53am On May 13, 2022
franchasofficia:
When you visit Nairaland and check comments on threads like this, you will then discover that most members and commentors on this forum are unemployed, underemployed, and lower class citizens with poor sense of entrepreneurship, business and national economic growth.




Majority here are hungry praise singers of the few elites that kept their life below average that it is today, what a sorry situation for majority of Nigerian youths cry

Thanks for stating the obvious. The first few comments on this thread got me thinking maybe they are ppl paid to sing Dangote’s praise but then for fear of being labeled “enemy of progress” or they don’t want to be seen as being envious for having a contrary view, they then prefer to keep their true opinion to themselves.

Dangote = unhealthy monopoly.

Na only him and some selected few govt. dey give waiver for everything. What about forex, same thing. The refinery is coming up soon sha and I hope his company is able to match the hype around it so that we can have a little reprieve from this fuel subsidy issue but seriously, if the market is made plain open to everyone naija hustling spirit go don elevate plenty budding entrepreneurs.

2 Likes 1 Share

Re: Dangote To Stop Sourcing FOREX From CBN by Lightorder: 7:53am On May 13, 2022
uptimum123:
Nice one from the Dangote groups. Nigeria is bound for greater heights.

Buhari has layed the foundation for a prosperous Nigeria while Tinubu will take us to the promise land.

With Tinubu, Nigeria shall soon become one of the most powerful Nation in the world.

Tinubu is our choice for President


you don’t get something , doing nothing. Keep wishing and dreaming. Prosperity doesn’t just happen. No prosperous nation stands on one leg , just only dangote. Meanwhile, go get a malaria drug. You and those who gave you likes are the major problems of this nation but just make that mistake you made in 2015 and beg in rags
Re: Dangote To Stop Sourcing FOREX From CBN by grandstar(m): 7:53am On May 13, 2022
Nigeria would be worse off if he invests in steel as it would prevent the country at purchasing steel at the most competitive prices globally.

With a glut of Chinese steel, an open market will be the best

2 Likes

Re: Dangote To Stop Sourcing FOREX From CBN by NOwazobia: 7:54am On May 13, 2022
soberdrunk:
I don't reckon the relevant agencies are monitoring the activities of Dangote group and many other big companies in Nigeria, one can only imagine the level of cutting corners and underground wuru wuru these big companies will be engaging in..... angry
it's a free for all after the ministries must have collected their share.
Re: Dangote To Stop Sourcing FOREX From CBN by valentineuwakwe(m): 7:55am On May 13, 2022
Then we shouldbe ready to see the USD hit 800 soonext!
Re: Dangote To Stop Sourcing FOREX From CBN by AzzaMan: 7:57am On May 13, 2022
Guyman02:
It's very to become the richest man in Nigeria if you have the kind of access that Dangote have to CBN FOREX.
Imagine collecting $10m dollars at 390 this morning and selling same at Black Market to importers at N560.
Sanusi Lamido exposed this scheme and they pulled him down as Emir of Kano


That's 1.7 Billion naira profit.....
Re: Dangote To Stop Sourcing FOREX From CBN by dododawa1: 7:59am On May 13, 2022
Na Dangote get NIGERIA
Re: Dangote To Stop Sourcing FOREX From CBN by NOwazobia: 8:01am On May 13, 2022
Toks2008:


One of the rare rich men in Nigeria with transparent source of income and grass to grace story.

Unlike some people who became self acclaimed billionaires overnight.

More blessings sir.
please, tell me his grass to grace story...
Re: Dangote To Stop Sourcing FOREX From CBN by Nobody: 8:03am On May 13, 2022
uptimum123:
Nice one from the Dangote groups. Nigeria is bound for greater heights.

Buhari has layed the foundation for a prosperous Nigeria while Tinubu will take us to the promise land.

With Tinubu, Nigeria shall soon become one of the most powerful Nation in the world.

Tinubu is our choice for President




I'm sure they av paid you ur daily stipend / day job
Re: Dangote To Stop Sourcing FOREX From CBN by Nobody: 8:14am On May 13, 2022
uptimum123:
Nice one from the Dangote groups. Nigeria is bound for greater heights.

Buhari has layed the foundation for a prosperous Nigeria while Tinubu will take us to the promise land.

With Tinubu, Nigeria shall soon become one of the most powerful Nation in the world.

Tinubu is our choice for President



Keep wasting your time. You will never learn
Re: Dangote To Stop Sourcing FOREX From CBN by Nobody: 8:16am On May 13, 2022
vedaxcool:
One of the few business elite that truly believes in is Nigeria. He provokes senseless envy from all and sundry.

Truly believes in Nigeria abi, keep wasting your time saying unnecessary stuffs
Re: Dangote To Stop Sourcing FOREX From CBN by GeneralDae: 8:17am On May 13, 2022
Toks2008:


One of the rare rich men in Nigeria with transparent source of income and grass to grace story.

Unlike some people who became self acclaimed billionaires overnight.

More blessings sir.
Dangote is not grass to grace. His great grandfather was the richest man in West Africa in the 1950's . His grandfather who gave him a loan to start Business in 1977 was also one of the richest men as well. He is from a very wealthy family same as Elon Musk whose father was big in the mining sector in South Africa.

When you are from a wealthy family and you are starting out in Business, you can afford to take certain risks because you wouldn't become totally poor if you fail at first.

3 Likes

Re: Dangote To Stop Sourcing FOREX From CBN by chloride6: 8:23am On May 13, 2022
If you believe this eh?

2 Likes

Re: Dangote To Stop Sourcing FOREX From CBN by Yankee101: 8:28am On May 13, 2022
You're one of the biggest rent takers in nigeria regarding free money especially from the discounted CBN forex, yet you've had factories in Ethiopia etc for long and allowed to export cement and still collect forex and even given tax credits


Talking of infrastructure, your trucks and your customers' have destroyed several roads in nigeria including obJana-kabba yet you want govt to fix it for you


No one won't become a billionaire if they're given all the concession you've been given

Yet you pay workers peanuts and import cheap Indian labour


You're piped gas from the Niger delta but you don't resupply excess electricity to your neighbour's

That's why Jesus said it's easier for a camel to pass through the eyes of a needle than a rich man to enter into heaven
Re: Dangote To Stop Sourcing FOREX From CBN by Codes151(m): 8:36am On May 13, 2022
We keep making mistakes.

The oil and gas sector is riddled with corruption. That's while person for Dey oil such.

We keep making mistakes that will hunt our future.
Re: Dangote To Stop Sourcing FOREX From CBN by kay10: 8:57am On May 13, 2022
In a couple of years, they will stop sourcing for foreign from central bank,however I will advise that they should stop now as inflation in nigeria has double.Naira is seriously losing his relevant in the market.Things are extremely expensive now
Re: Dangote To Stop Sourcing FOREX From CBN by techWriter3: 9:11am On May 13, 2022
Ode
Re: Dangote To Stop Sourcing FOREX From CBN by toujurs: 9:21am On May 13, 2022
Audio richest man in africa, grin. He can't explain challenges doing business or untapped business opportunities in nigeria, because he had none as federal government first son undecided. All they do is kill small businesses to maintain their status. Almost all businesses he started and had to compete with other businesses folded up. Starting from his noodles, table water, tomato paste. He now had to rely on cement with zero competition.
Re: Dangote To Stop Sourcing FOREX From CBN by toujurs: 9:25am On May 13, 2022
Yankee101:
You're one of the biggest rent takers in nigeria regarding free money especially from the discounted CBN forex, yet you've had factories in Ethiopia etc for long and allowed to export cement and still collect forex and even given tax credits


Talking of infrastructure, your trucks and your customers' have destroyed several roads in nigeria including obJana-kabba yet you want govt to fix it for you


No one won't become a billionaire if they're given all the concession you've been given

Yet you pay workers peanuts and import cheap Indian labour


You're piped gas from the Niger delta but you don't resupply excess electricity to your neighbour's

That's why Jesus said it's easier for a camel to pass through the eyes of a needle than a rich man to enter into heaven
Well said sir, dangote staff's are poorly paid. Not just his company most indigenous companies pay their staff peanuts but yet expect these staff to sell all their products. Both subsidiary company products ontop one pay oh, isn't that wickedness. And they remit lesser tax to government unlike foreign companies that pay more tax and pay better than these indigenous companies.

2 Likes

Re: Dangote To Stop Sourcing FOREX From CBN by BennyDGreat: 9:25am On May 13, 2022
franchasofficia:
When you visit Nairaland and check comments on threads like this, you will then discover that most members and commentors on this forum are unemployed, underemployed, and lower class citizens with poor sense of entrepreneurship, business and national economic growth.

Sadly, you are 100 percent right



Majority here are hungry praise singers of the few elites that kept their life below average that it is today, what a sorry situation for majority of Nigerian youths cry
Re: Dangote To Stop Sourcing FOREX From CBN by uptimum123(m): 9:28am On May 13, 2022
Daguga:


Keep wasting your time. You will never learn

There's no time wasted in supporting our beloved Tinubu

Heathrow44:



I'm sure they av paid you ur daily stipend / day job

Cry me a River ��

1 Like

Re: Dangote To Stop Sourcing FOREX From CBN by uptimum123(m): 9:31am On May 13, 2022
Lightorder:
you don’t get something , doing nothing. Keep wishing and dreaming. Prosperity doesn’t just happen. No prosperous nation stands on one leg , just only dangote. Meanwhile, go get a malaria drug. You and those who gave you likes are the major problems of this nation but just make that mistake you made in 2015 and beg in rags

We the progressives has always seen what you lots don't.

Shine your eyes and let your heart be at peace

One love

1 Like

Re: Dangote To Stop Sourcing FOREX From CBN by uptimum123(m): 9:31am On May 13, 2022
komekn:
.

And how exactly will he do that ❓

From what track record, what industrial job creation business enterprise has he had .

What he had is decades of corruption looting of public funds by proxy and manipulation and enforced and induced loyalty.

Tinibu is personification of the Nigerian problem he is the PROBLEM and certainly not in any way shape or form the SOLUTION.

Lagos is your answer

1 Like

Re: Dangote To Stop Sourcing FOREX From CBN by kelvindj98: 9:55am On May 13, 2022
uptimum123:
Nice one from the Dangote groups. Nigeria is bound for greater heights.

Buhari has layed the foundation for a prosperous Nigeria while Tinubu will take us to the promise land.

With Tinubu, Nigeria shall soon become one of the most powerful Nation in the world.

Tinubu is our choice for President



You mean one of the most powerful tout havens in the world. Taking touts to a global level
Re: Dangote To Stop Sourcing FOREX From CBN by ceejayluv(m): 9:55am On May 13, 2022
kinglee007:


Car Assembly and Car Manufacturing are two different things entirely. Dangote assembles for Peugeot Automobile Company but doesn't Manufacture Peugeot Vehicles.
this argument has been over flogged.
In the Auto industry, production plants are called auto assembly plants. You can say that The vehicles were not designed here but surely as long as they were assembled here, it's manufacturing to boot.
Re: Dangote To Stop Sourcing FOREX From CBN by loffyloffy: 10:08am On May 13, 2022
This is in 2 years..

How are we sure the businesses will still be functional then?..

Abeg they should stop telling us what they will do in 2 years...we are more interested I. What they are doing now.

All this long term promises don dey tire me
Re: Dangote To Stop Sourcing FOREX From CBN by Cognitivereason: 10:19am On May 13, 2022
ajailer:
Make govt kill the monopoly Dangote is enjoying and see more billionaires emerging from the country. Like naija polithiefcians like Dangote, Na only dem alone wan corner the whole opportunity at the expense of others.

Go and check the meaning of monopoly...

Which sector does Dangote have full monopoly over...is it cement where you have lafarge and BUA operating 4 plants and dangote operates 3..

Or sugar with BUA , flour Mills Nigeria etc who operates actively?

Or salt?

(1) (2) (3) (4) (5) (Reply)

Is There A Work-at-home (online Job) Opportunities In Nigeria / Access Bank Acquires Zambia's Cavmont Bank / Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion

(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. 48
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.