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Foreign Suppliers Reject Letters Of Credit - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Foreign Suppliers Reject Letters Of Credit (23125 Views)

CBN Asks Nigerians To Reject Old Naira Notes From Banks / Traders, Transporters Reject New Naira Notes / Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market (2) (3) (4)

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Re: Foreign Suppliers Reject Letters Of Credit by Nobody: 1:10pm On Sep 26, 2023
grin grin grin

3 Likes

Re: Foreign Suppliers Reject Letters Of Credit by Exceed15: 1:10pm On Sep 26, 2023
Shege banza+++

2 Likes 1 Share

Re: Foreign Suppliers Reject Letters Of Credit by EleventhWeirdo: 1:10pm On Sep 26, 2023
franchasofficia:
Bola Tinubu the master strategist indeed cheesy


They thought Lagos agberoism politics of chop I chop, and selecting stooges as Governors, House of Assembly members, Commissioners, Directors of state Parastatals, etc to run Lagos state like Tinubu's private family business is the same with running Nigeria a multi ethnic country with smart people like me inside shocked grin

Lol the smartest in your cave region would be average in SW in general and Lagos in particular.
Re: Foreign Suppliers Reject Letters Of Credit by Henix(m): 1:11pm On Sep 26, 2023
Nigeria's economy is on the verge of total collapse

8 Likes 1 Share

Re: Foreign Suppliers Reject Letters Of Credit by Xscape1993(m): 1:11pm On Sep 26, 2023
PrinceOfLagos:
Nobody trusts the drug baron and his clueless team
I never liked his personality for one second....

3 Likes 1 Share

Re: Foreign Suppliers Reject Letters Of Credit by ebufa: 1:12pm On Sep 26, 2023
masseratti:
Shut down the official I & Ẹ window they won't hear... The naira is not floating freely if there is still an official window, ppl will take advantage of it and the Naira will fall further. Now we don't have foreign reserve to block the fall, now our CBN first time in history is falling to meet it's obligation, if you know what this means in economics terms, abeg if you get money to buy good for 6months and keep non perishable foods Pls do. If they don't manage the issue well.. We will definitely be another Greece, Zimbabwe or Argentina.
Scrap the official rate let everyone buy and sell at the autonomous /parallel /aboki rate.. That's the only way we can reset the economy. No other magic under the sum can help us now.. Emeifile really messed things up I swear.



leave emefiele and call Buhari and his fulani crew!

5 Likes 1 Share

Re: Foreign Suppliers Reject Letters Of Credit by gabbytabby: 1:13pm On Sep 26, 2023
The usual fake news merchants and enemies of Nigeria at it again.

The last time I heard letters of credit was about 30 years ago when some Nigerians presented a fake one to my employers to buy office products including computers nobody collects that anymore from Nigerians. They sat down and were eating chicken leg when I went to see them before we sent them on their way.


treesun:


https://businessday.ng/business-economy/article/trouble-looms-as-foreign-suppliers-reject-letters-of-credit/
Re: Foreign Suppliers Reject Letters Of Credit by Evolutionism: 1:18pm On Sep 26, 2023
Trouble looms okay.

2 Likes

Re: Foreign Suppliers Reject Letters Of Credit by Fenomenal124(m): 1:18pm On Sep 26, 2023
treesun:


https://businessday.ng/business-economy/article/trouble-looms-as-foreign-suppliers-reject-letters-of-credit/
We can only hope for better days ahead!!

Do well to trade with us!! We offer juicy and high rates...!!
@D'great Investment and Online Trading service LTD!!
08145089926..... WhatsApp
Re: Foreign Suppliers Reject Letters Of Credit by gabbytabby: 1:20pm On Sep 26, 2023
The central bank does not give guarantees on fx forwards transactions like everyone else you gamble that’s on you.


treesun:


https://businessday.ng/business-economy/article/trouble-looms-as-foreign-suppliers-reject-letters-of-credit/
Re: Foreign Suppliers Reject Letters Of Credit by Mosba: 1:20pm On Sep 26, 2023
I was thinking this would happen after few more weeks, guess my calculation was wrong.

2 Likes 1 Share

Re: Foreign Suppliers Reject Letters Of Credit by ValarDoharis: 1:21pm On Sep 26, 2023
Tinubu’s govt bury Nigeria
Morbeta11:
Tough times ahead.....Buhari's government buried Nigeria. Tinubu is just doing try you luck. Fg should start supporting SMEs.

2 Likes 1 Share

Re: Foreign Suppliers Reject Letters Of Credit by mrjojo: 1:22pm On Sep 26, 2023
There is no wall nor limits for Nigerians, Push them to the brink they'll dig a hole and tunnel through.

4 Likes

Re: Foreign Suppliers Reject Letters Of Credit by fa4dmike(m): 1:23pm On Sep 26, 2023
E don happen. Illiteracy is our problem in this country. We have a lot of educated dunce in Nigeria. Foolish people that will see the right thing and because of tribalistic ego, decide to be stupid in their decisions. The effect is shooting at them. Them no get money to buy data again at least to support blindly.

4 Likes 1 Share

Re: Foreign Suppliers Reject Letters Of Credit by Nobody: 1:24pm On Sep 26, 2023
Hmm
Re: Foreign Suppliers Reject Letters Of Credit by Jennieee4(f): 1:25pm On Sep 26, 2023
Hmm
Re: Foreign Suppliers Reject Letters Of Credit by DrMuzungu(m): 1:25pm On Sep 26, 2023
This is what happens when you have to choose the lesser of 2 evils!

No matter how bad they are, I am sure Zombidients would not let this happen.
Re: Foreign Suppliers Reject Letters Of Credit by Abagworo(m): 1:27pm On Sep 26, 2023
Morbeta11:
Tough times ahead.....Buhari's government buried Nigeria. Tinubu is just doing try you luck. Fg should start supporting SMEs.

Tinubu buried Nigeria not Buhari. Buhari and Tinubu said same thing about Jonathan in 2015.

6 Likes 2 Shares

Re: Foreign Suppliers Reject Letters Of Credit by Hussein035: 1:27pm On Sep 26, 2023
franchasofficia:
Bola Tinubu the master strategist indeed cheesy


They thought Lagos agberoism politics of chop I chop, and selecting stooges as Governors, House of Assembly members, Commissioners, Directors of state Parastatals, etc to run Lagos state like Tinubu's private family business is the same with running Nigeria a multi ethnic country with smart people like me inside shocked grin

I still believe it will get better, the purpose is to stop useless importation of unnecessary goods. These people selling to us should come to Nigeria and be producing those things we are importing. How can we be importing toothpick, important rice, still import fuel etc

They should reject every letter and let our useless importers come together to set up manufacturing of this things. More than 20 importers of fuel, why can't these useless fuel importers merge and build few refinery but greed will not allow them. No one has the masses in mind, just wealth and wealth for their unborn children

4 Likes

Re: Foreign Suppliers Reject Letters Of Credit by Nobody: 1:28pm On Sep 26, 2023
Chai!
The children of a butcher who cannot even get bones to lick.
Ronu oooo!
Lele lele lele!!
Baby oya Ronu oooo!!!
La lala lala!!!!!!

5 Likes 1 Share

Re: Foreign Suppliers Reject Letters Of Credit by Winning123: 1:28pm On Sep 26, 2023
Floating of Naira is not the issue. The issue is that we were not selling enough oil to earn dollars due to stealing in the Niger Delta for many months. At some point we were only producing 800 thousand barrel per day instead of 1.7m barrel per day. All the useless Obi people don't know anything. Obi is lucky he did not win. This is not the best of time to be president of Nigeria. However I know we will pull through


mrvitalis:

The state Buhari left Nigeria has little or nothing to do with where we are today

Yes it was bad but not this bad

Removing of fuel subsidy, floating naira without having backing brought us here

Buhari is a failure yes but at least he was careful
Tinubu and his team are even more ignorant than Buhari team and are too carefree

Economy no be by gra gra... You tackle is slowly

None, zero of tinubu policy has worked all backfired leaving us far worse where we started

1 Like

Re: Foreign Suppliers Reject Letters Of Credit by MacTayyy: 1:29pm On Sep 26, 2023
This is bad
Re: Foreign Suppliers Reject Letters Of Credit by Emmytrill(m): 1:29pm On Sep 26, 2023
Peter Obi told us this last election was an existential one.

2 Likes 1 Share

Re: Foreign Suppliers Reject Letters Of Credit by Fiscus105(m): 1:29pm On Sep 26, 2023
By now, Tinubu is supposed to have banned several imported goods and services that are not extremely needed by citizens.

All these dollarisation" of nigeria economy should stop.

One major reason I'm not fully surporting Tinubu from primary election til now, he is a type that won't be able to fight corruption head on, and without significantly degraded corruption, no policy introduce that would work ultimately.

2 Likes 1 Share

Re: Foreign Suppliers Reject Letters Of Credit by ajimo54(m): 1:29pm On Sep 26, 2023
treesun:


https://businessday.ng/business-economy/article/trouble-looms-as-foreign-suppliers-reject-letters-of-credit/

The Press are the one pushing the country into the holes due to very negative reports! Once they hear one rumour, the next thing is to report it so they can be popular!
Re: Foreign Suppliers Reject Letters Of Credit by InvertedHammer: 1:30pm On Sep 26, 2023
/
You little kids with no background in Nigerian history.

Buhari left Nigeria in tatters the way he left it in 1984/5.


My prediction: Many of you here will live your full life and die while still hoping for a better Nigeria like your grandparents.
/

2 Likes

Re: Foreign Suppliers Reject Letters Of Credit by JuanDeDios: 1:30pm On Sep 26, 2023
mrvitalis:

The state Buhari left Nigeria has little or nothing to do with where we are today

Yes it was bad but not this bad

Removing of fuel subsidy, floating naira without having backing brought us here

Buhari is a failure yes but at least he was careful
Tinubu and his team are even more ignorant than Buhari team and are too carefree

Economy no be by gra gra... You tackle is slowly

None, zero of tinubu policy has worked all backfired leaving us far worse where we started
Not true. (Not that I support subsidy removal and naira certainly hasn't been "floated".) You have zero understanding of what's going on.

1 Like

Re: Foreign Suppliers Reject Letters Of Credit by Diligent1(f): 1:31pm On Sep 26, 2023
Buhari
Re: Foreign Suppliers Reject Letters Of Credit by dragunov: 1:32pm On Sep 26, 2023
nedu666:
Buhari did serious damage to nigeria but then tinubu knew he was incompetent yet supported buhari for president

You guys don't really understand the politics behind the 2019 decision. Tinubu is APC. That was his political platform upon which his presidential ambition was to launch. Buhari was APC and refused to leave. Fighting Buhari would have collapsed the political base and structure he had spent so much time, efforts, finances to meticulously build. The Northerners would have destroyed everything if they didn't use "their" 8 years. Then, the only meaningful political structure was PDP who was fielding another Fulani man. You do the calculations. If he helped kick Buhari out( which he could do), Atiku will become president. Atiku will want his 8 years complete and there was nothing the South would have been able to do because PDP and the North will ensure that. That means 4+8=12. 12 long harrowing years under Fulanis. Or do you think Atiku will do anything different? Do you think Fulanis would not have adequate time to irrevocably complete the Fulanization agenda that Buhari started? Do you think the Fulani impunity would not have grown astronomically? Who knows whether the South would ever exist by then.
So it's either he lets the North have their 8 yrs under APC or risk letting them have 12 years. If someone like Peter Obi had come up then instead of Atiku, maybe Tinubu would have supported him.

2 Likes 1 Share

Re: Foreign Suppliers Reject Letters Of Credit by MeineMutter: 1:32pm On Sep 26, 2023
It’s a blessing in disguise. It will force us to think inward and be more productive, locally, and force foreign currencies to go down against Naira.

2 Likes

Re: Foreign Suppliers Reject Letters Of Credit by BloomingDale(f): 1:33pm On Sep 26, 2023
Re: Foreign Suppliers Reject Letters Of Credit by ambale(m): 1:34pm On Sep 26, 2023
masseratti:
Shut down the official I & Ẹ window they won't hear... The naira is not floating freely if there is still an official window, ppl will take advantage of it and the Naira will fall further. Now we don't have foreign reserve to block the fall, now our CBN first time in history is falling to meet it's obligation, if you know what this means in economics terms, abeg if you get money to buy good for 6months and keep non perishable foods Pls do. If they don't manage the issue well.. We will definitely be another Greece, Zimbabwe or Argentina.
Scrap the official rate let everyone buy and sell at the autonomous /parallel /aboki rate.. That's the only way we can reset the economy. No other magic under the sum can help us now.. Emeifile really messed things up I swear.

Why the panic? A first class accountant and a master strategist dey rule una, you wan give up

Give him time abeg😄

1 Like

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