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Nairaland Forum / Nairaland / General / Politics / NNPC Secures $3bn Loan To Stabilise The Naira (24369 Views)
Tinubu: We Will Raise $10 Billion To Stabilise Naira, Boost FX Liquidity / Kalu Urges Buhari To Pick Lawan As Successor, Says He'll Stabilise The Country / Power: FG Seeks Fresh $3bn Loan As Darkness Pervades Nigeria(Punch) (2) (3) (4)
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Re: NNPC Secures $3bn Loan To Stabilise The Naira by leokid866: 5:49pm On Aug 16, 2023 |
festacman:Oga learn to read before buhari left he opened up the market so independent marketers can bring in fuel....several of them have been bringing in fuel since june.....learn to read and stay updated please..... https://www.google.com/amp/s/punchng.com/nnpcl-monopoly-ends-as-marketers-fuel-vessel-arrives/%3famp 1 Like |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by MRMRMR: 5:50pm On Aug 16, 2023 |
mayorkent:This is elementary economics especially when u have shortage of forex. |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by Hopebringer: 5:50pm On Aug 16, 2023 |
Brendaniel: True |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by leokid866: 5:50pm On Aug 16, 2023 |
fieryblitz:so you're saying your top money maker should not be involved in your monetary policies? 🤔.....what a wawu 1 Like |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by Ikaeniyan0: 5:51pm On Aug 16, 2023 |
skj1377:Can you explain how something like this happened in Ghana. |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by leokid866: 5:52pm On Aug 16, 2023 |
jydeskill1:let them use it for only oil transactions O.....that our biggest problem right now.... 2 Likes |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by waveman2: 5:52pm On Aug 16, 2023 |
Thank you some people are just busy round tripping and making alot of money why won't the demand be high.The banks are culprit in these.i have said it before nigerian economy is very easy to understand. masseratti: |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by Hopebringer: 5:53pm On Aug 16, 2023 |
masseratti: Exactly!! I was just discussing this with a friend right now 🤣🤣 Tinubu is very insincere. He knows this but the useless man won't do it because he and his friends also benefit from this I / E window Its how the elite enrich themselves from their bedrooms |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by festacman(m): 5:53pm On Aug 16, 2023 |
leokid866: Ok. If you insist. |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by Kaiser20: 5:53pm On Aug 16, 2023 |
uche393:Thanks to Jagaban Mumu, the political lord of some zombies. He built Lagos, now is the time to rebuild Nigeria, Tinubu's brain scattered |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by leokid866: 5:54pm On Aug 16, 2023 |
billyG:lol so we are back to the zoo....shebi during elections you people remembered you were Nigerians and wanted to be president.....what now happened 🤣🤣🤣 2 Likes |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by LegacyB: 5:55pm On Aug 16, 2023 |
Pierocash:Nice statement. But what do you think could be done differently? |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by Nonybb: 5:55pm On Aug 16, 2023 |
They keep borrowing for consumption. These people have never learn |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by daygee12: 5:57pm On Aug 16, 2023 |
Taylor90: If u no suffer why una dey complain |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by leokid866: 5:58pm On Aug 16, 2023 |
numar:leave them, that's how one broadcaster too was shouting against the government back in the day, they put my guy in charge of a government owned bank to help create relief for the poor....the bank was dead after 1 year...... it's easy to sit and be shouting until you get inside and realize government work is not beans...... |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by leokid866: 6:00pm On Aug 16, 2023 |
Mccullum:the loan will definitely be stacked against crude but as a long term loan most likely only part will be paid in crude.... |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by treatise: 6:00pm On Aug 16, 2023 |
Pierocash:It happens sometimes if not abused |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by Rubyjade: 6:00pm On Aug 16, 2023 |
Pierocash:as in ehn, instead of us to for ways to increase production for export. |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by Juju70(m): 6:01pm On Aug 16, 2023 |
oga abeg gimme my shia |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by koyeni(m): 6:02pm On Aug 16, 2023 |
After looting the country....then they borrow again ... May Africa be delivered |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by GreatrAnalyst: 6:05pm On Aug 16, 2023 |
spiSeyi: I wonder why none of them is thinking in this direction. How can a nation this big not have a working refinery?? Taking bad loan to offer temporary solutions?? I think it is true when they said that not making refinery to work is deliberate. 1 Like |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by justmi1: 6:06pm On Aug 16, 2023 |
From my understanding, this 3bn usd would be pumped into the forex market, thereby making excess dollars available and reduce pressure. This would force speculators and hoarder to sell and even making the dollar crash more. The reason for dollar rise is people buying to store value not to trade. Pin this comment. 1 Like |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by FLYFIRE(m): 6:11pm On Aug 16, 2023 |
Pierocash:Yes na. After borrowing/giving all they had to Dangote to build his refinery instead of using the money to restore our refineries, they have borrowed to replace it 1 Like 1 Share |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by Blitzking: 6:13pm On Aug 16, 2023 |
For how long is this going to support the naira..like when u have a leaking roof and you are fixing tarpoline one heavy wind will blow it away. Wait until foreign airlines and some political thieves pounce on that dollars..last last na bdc go still tidy the money |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by vanitybutiwanti: 6:14pm On Aug 16, 2023 |
skj1377:And you think Nigeria will ever be good, you're buying dollars to speculate If I go through your post history, I'll see you blaming the new president for being incompetent |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by ezechi242: 6:15pm On Aug 16, 2023 |
more like a poor fool borrowing money to buy cars and houses......spits |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by masseratti: 6:16pm On Aug 16, 2023 |
Hopebringer:i wont politizice an economic issue like that.. This predates tinubu nor Buhari or Jonathan regime.. Started with the military regimes in the 80s.. Please what affect our daily lives let's forget politics for once and tackle the root cause of it... I AND Ẹ window just like fuel subsidy must go.. For us to have a true balance economy. |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by vanitybutiwanti: 6:17pm On Aug 16, 2023 |
leokid866:It's still a form of subsidy because dollars will be supplied to the marketers at a the official rate as opposed to the parallel market rate. 1 Like |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by Rubyjade: 6:18pm On Aug 16, 2023 |
uche393: |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by skj1377(m): 6:18pm On Aug 16, 2023 |
The issue is not aboki but the fact that dollar inflow is sold to parallel market straight making the gov the only source that want to sell to the IE window. Best bet is to liquidate all domiciliary accounts in all banks in Nigeria them creat a deliberate parallel market for undocumented and unambiguous buyers while creating a gov artificial rate of N80 Naira to the dollar. A policy of strictly chemical and machinery as well as only industrial purposes to access this non cash rate. You will find out that machines and spares for industries will be cheaper including cars and cost of construction industry . Houses will be cheaper to build making life more affordable to Nigerians . The parallel market or cash market can be as high as N20,000 to $1 . This window will be for people that want cash to travel out or probably pay expatriates. This dual exchange rate system has to go along with domestic production of petrol and diesel as well as other petroleum by-products. Like I said the official exchange rate will be strictly for manufacturing and purchasing of parts and chemicals which will never be cash based. This will eliminate the possibility of round-trip. We all know that spares are not bought every day neither are chemical imputes so the pressure from the industries will be seasonal . . The people that require cash for many other reason can be based on the ability of demand and supply; floating. All profits from foreign coys can be repatriated by either they buy gold form osun state or zamfara state and export the cold abroad to get liquid cash. This will also help our mining sector. This is my advice and solutions masseratti: 1 Like |
Re: NNPC Secures $3bn Loan To Stabilise The Naira by Hamxas: 6:18pm On Aug 16, 2023 |
Where d 1 trillion where them save Also NNPC Ltd is incharge of our monetary policies. D more u look d less u see |
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