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Nairaland Forum / Nairaland / General / Politics / Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria (38032 Views)
Keep Your Dollars Closer! - Aisha Yesufu / Do Not JAPA Before Dangote Refinery Starts. You Might Regret / Reno Omokri To Buhari: You Are Always In Shock, We Don't Need A Shock Absorber (2) (3) (4)
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Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by anyilalaz: 9:25pm On Apr 04 |
Nahunger: Increase the volume Economy don't entertain emotions, patriotism, propaganda etc Stronger naira can only happen when we export crude resources, export export semi finished goods and more export export finish goods, then add up foreign direct investment and incentives and encourage diaspora remittance. Reduce the corruption inherent in forex from the government MDA's and bank big boys/girls. Any other magic to shore up the naira is only but for short term, it's not sustainable 2 Likes 1 Share |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by ngwaIgbo223: 9:35pm On Apr 04 |
gotnel: Till it get to 165. |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by udemzeus(m): 9:37pm On Apr 04 |
Yimu |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by HugoBoss10(m): 9:46pm On Apr 04 |
This two face man is so confused because i remember we were told last time that Dangote also source his major crude oil abroad. What it means is that even Dangote will always need more dollars for crude oil importation |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by Bimpe29: 9:54pm On Apr 04 |
Increase the volume Mr Table Shaker 1 Like |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by Bizmart777: 9:57pm On Apr 04 |
Splashme: Thank you jare. I still wonder who takes Reno seriously. Sincerely! For those believing that naira will appreciate when Dangote's fuel hits the market .. Dey play o! Wishful thinking is expecting a litre of petrol to drop in price or naira will appreciate when Dangote's fuel hit the market. What will make a huge difference is if: 1. Dangote sells back to Nigeria in naira 2. Nigeria has enough oil to sell to Dangote without Dangote having to import more oil in dollars from foreign countries. Without these, Reno and those believing him are jokers |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by grandstar(m): 9:58pm On Apr 04 |
lesbiconverter: The jokes on you. All those saying fix refineries first before removing subsidies are not economists but the stakeholders who only want to purchase petrol for close to nothing No economist supports that notion. It isn't compulsory to fix the refinery first. Actually, removing subsidies and better still, fully deregulating the price will encourage people to build refineries. Nobody is keen on producing a product the government fixes below the market price. Dangote said had Jonathan succeeded in lifting the subsidy in 2012, he would have commenced his refinery project then. That is why even though demand for petrol is the highest among the refined products, Dangote has started off by only refining diesel. Government needs to go further and deregulate the price of petrol as it has been done for diesel, kerosene and cooking gas. 4 Likes |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by tnerro1(m): 10:00pm On Apr 04 |
Elections go make an go up, so no need to hurry 😁 |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by Menclothing1: 10:12pm On Apr 04 |
Most people here don’t know things If dollars is 200-1dollar what u buy 200naira os 1 dollar in Nigeria If dollar is 1500- 1 dollar Same thing sold 200 will move to 1500 why hoard naira it’s a waste of time price of goods will increase in the market u will Spend it 1 Like |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by grandstar(m): 10:13pm On Apr 04 |
Listen to Omokri at your own peril. The man is a renowned economic illiterate. Many things affect the exchange. In Nigeria, fiscal policies by the FG and monetary policies by the CBN. If the federal government runs a massive budget deficit, it would lead to a depreciation of the Naira. If the CBN runs a loose monetary policy, that would also make the Naira tank. Can Dangote refinery help the Naira rise? To some extent yes but only very little. But would would really help the Naira is massive exports of refined oil products not only from Dangote refinery but from new ones coming onstream and the from the refurbished Port Harcourt and Warri refineries. A massive surge in exports is the game changer and not really a reduction in imports. 1 Like |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by KennethOkonkwo: 10:15pm On Apr 04 |
mariahAngel:You are just unhappy DANGOTE the saviour is not Air peace or Peter OBI. Did you see people saying that Onyeoma of air peace has become the owner and saviour of Nigeria we should all rely on? Why do you people become so bitter when the glory is not from your side? WE CELEBRATE AIR PEACE,WE WILL CELEBRATE DANGOTE TOO 1 Like |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by TemmyT002(m): 10:26pm On Apr 04 |
This charlatan is not in Nigeria o Alakoba oshi |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by lesbiconverter: 10:37pm On Apr 04 |
grandstar:Do we have functioning refineries other than Dangote's? |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by Fearyourcreator: 10:40pm On Apr 04 |
mariahAngel:No? Lolz |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by okoroemeka(m): 10:45pm On Apr 04 |
Richtaiwo:And what Mr omokri said was not far from the truth,if the new refinery pumps slightly cheaper products to the markets and stops the importation of hydrocarbons which gulps 40% of forex,you don't need to be an economist to know that dollar will fall when there is 40% less demand 2 Likes |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by khattab02: 10:49pm On Apr 04 |
We hope so!. What are they doing about gas that is supposed to cheap naa?? Is it also imported?? |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by Ikaeniyan0: 10:54pm On Apr 04 |
Bizmart777:more than 65% of what we imported last year was refined petroleum. Just imagine when we stop importing refined petroleum, we will save more than 65% of the dollars we spend on importing refined petroleum. |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by SeaTrade(m): 10:57pm On Apr 04 |
Reflect7:Brilliant angle. 1 Like |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by babasolution: 11:13pm On Apr 04 |
Reno omokri is disgusting |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by DrAkpamudehe: 11:14pm On Apr 04 |
Badgers14: Many of you are just uneducated illiterates. Only a jobless person will answer this your silly question 1 Like |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by abah001: 11:15pm On Apr 04 |
Is there any products that Dangote is selling that is cheap? Take a look at cement price. If the government will give equal right to every Nigerian investors I can be confidence that price of commodity like fuel cement and other products will be cheap. Even the Dangote refinery Buhari government pump a lot of money to that refinery with our tax paying money. So every Nigerians should benefit from it. Not to milk Nigerians just he is doing for cement and other products |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by eldoradoxx: 11:23pm On Apr 04 |
Whatever is bringing down dollar is very artificial and is a combination of a lot of factors including CBN defending the naira with so much of our forex reserves. A country's currency gains strength when there is high production and export of goods and services. What are we producing and exporting that suddenly began impacting positively on the strength of naira? If your answer is nothing, then the strength gained by naira is a very artificial economic abracadabra of CBN and will crumble in due time when the cost of defending the naira as currently done now by CBN begins to eat very deeply into the forex reserve. Dont allow characters like Reno Omokri who thrive on deliberate and government sponsored disinformation deceive you. |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by Tonytonex(m): 11:27pm On Apr 04 |
I concur with Reno. |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by EmmyBiggy(m): 12:07am On Apr 05 |
This Clown is abroad giving those in Nigeria tips on how to grow Naira... Lol |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by Konquest: 1:09am On Apr 05 |
AmazingGenius: |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by bdon123(m): 1:31am On Apr 05 |
Look at this 🤡 clown |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by bdon123(m): 1:35am On Apr 05 |
Bizmart777:Most of this people no get sense.dangote never signed an undertaking to sell products in naira,so how does fuel availability affect exchange rate wen even Nigeria itself has sold some part of future crude productions hence dangote refinery will need dollars to import if it's to run at full capacity 1 Like |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by bdon123(m): 1:38am On Apr 05 |
okoroemeka:Where will d crude come from?do u know he still uses dollars to import crude? |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by bdon123(m): 1:39am On Apr 05 |
Ikaeniyan0:Wat if dangote refuses to sell product in naira due to its instability 1 Like |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by justking(m): 1:52am On Apr 05 |
true talk |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by 4gunners(m): 2:08am On Apr 05 |
Richtaiwo:It baffles me how people only rejoice when it’s negative news when it comes to Nigeria. Why will you hates your own country to that extent. 1 Like |
Re: Convert Your Dollars To Naira Before Dangote Refinery Starts – Omokri To Nigeria by LudaChriz(m): 2:44am On Apr 05 |
Reflect7:All of a sudden Reno is now you guys beautiful bride |
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