Nigerian Banks Owe Foreign Lenders $4bn - Business (2)

Nigerian Banks Owe Foreign Lenders $4bn - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Nigerian Banks Owe Foreign Lenders $4bn (24241 Views)

Re: Nigerian Banks Owe Foreign Lenders $4bn by Nobody: 9:54am On Oct 22, 2015

This is what happens when your CBN Governor has to consort with God and Redeemed Pastors for Real-world Economic Solutions rather than Economists and Academic Researchers

Re: Nigerian Banks Owe Foreign Lenders $4bn by thefakestan: 9:55am On Oct 22, 2015

The fake san

Re: Nigerian Banks Owe Foreign Lenders $4bn by VickyRotex(f): 9:55am On Oct 22, 2015

Its temporary. It's gona get better

1 Like

Re: Nigerian Banks Owe Foreign Lenders $4bn by 69MissedCalls(m): 9:55am On Oct 22, 2015

Emefiele is doing what he can. this should have been resolved by the finance minister but I don't know what is taking them so long to appoint those ministers sef

1 Like

Re: Nigerian Banks Owe Foreign Lenders $4bn by Trailblazer1(m): 9:55am On Oct 22, 2015

Keneking:

Re: Nigerian Banks Owe Foreign Lenders $4bn by hippyj(m): 9:55am On Oct 22, 2015

I don't even know what to say.

Re: Nigerian Banks Owe Foreign Lenders $4bn by Nobody: 9:56am On Oct 22, 2015

Trailblazer1:

Re: Nigerian Banks Owe Foreign Lenders $4bn by franklingud(m): 9:56am On Oct 22, 2015

All these grammar they are speaking here, can someone explain to me what it means.
Like, is it bad for nigeria's economy?

Re: Nigerian Banks Owe Foreign Lenders $4bn by demarc001: 9:59am On Oct 22, 2015

Empress2014:
since Nigeria banks are the debtors, they will pay, the money they sylishly extort from us(customers) will cover up the debt...what more can I say

You don't understand the issue here

Re: Nigerian Banks Owe Foreign Lenders $4bn by Empress2014(f): 10:01am On Oct 22, 2015

demarc001:
You don't understand the issue here

maybe

Re: Nigerian Banks Owe Foreign Lenders $4bn by Truckpusher(m): 10:03am On Oct 22, 2015

VickyRotex:
Its temporary. It's gona get better

Of course when the people would have lost their source of income and livelihood abi?

Reality is real while film tricks is still fake.

I hope he's getting ready to launch a national development fund through the banks to enable business men and entrepreneurs get back to business and develop their ideas ? though I do not expect such a hardliner to do the needful anyway.

2 Likes

Re: Nigerian Banks Owe Foreign Lenders $4bn by davdandam(m): 10:04am On Oct 22, 2015

Empress2014:
since Nigeria banks are the debtors, they will pay, the money they sylishly extort from us(customers) will cover up the debt...what more can I say

Economist

Re: Nigerian Banks Owe Foreign Lenders $4bn by sammyj: 10:09am On Oct 22, 2015

When they continue to rely on foreign products. That is their cup of tea !!! angry

Re: Nigerian Banks Owe Foreign Lenders $4bn by bigtt76(f): 10:10am On Oct 22, 2015

When they won't lend people to do business locally naaaaaa.... they're on their own

Re: Nigerian Banks Owe Foreign Lenders $4bn by kajoula(m): 10:12am On Oct 22, 2015

Keneking:
Ok ..$4bn of repatriated funds seized by PMB - great decision by the government

PMB decisions are the best for our economy...

SMH you think so ?

Re: Nigerian Banks Owe Foreign Lenders $4bn by VickyRotex(f): 10:13am On Oct 22, 2015

Truckpusher:
Of course when the people would have lost their source of income and livelihood abi?

Reality is real while film tricks is still fake.

I hope he's getting ready to launch a national development fund through the banks to enable business men and entrepreneurs get back to business and develop their ideas ? though I do not expect such a hardliner to do the needful anyway.

Truckpusher! I'm Optimistic embarassed

And yes, the economy is gonna get better. And business men and entrepreneurs will get back to business.

It's like a refined gold, it has to pass through though times(fire), to come out beautiful.

Re: Nigerian Banks Owe Foreign Lenders $4bn by VickyRotex(f): 10:14am On Oct 22, 2015

VickyRotex:
Truckpusher! I'm Optimistic

And yes, the economy is gonna get better. And business men and entrepreneurs will get back to business.

It's like a refined gold, it has to pass through though times(fire), to come out beautiful.

Re: Nigerian Banks Owe Foreign Lenders $4bn by Jeroboy(m): 10:15am On Oct 22, 2015

SHAMEFUL ACT||| see how this big later went wild after much drinking photos http://www.gurusfanz.com/2015/10/shameful-act-see-how-these-big-ladies.html

Re: Nigerian Banks Owe Foreign Lenders $4bn by Realdeals(m): 10:16am On Oct 22, 2015

The companies should use the naira equivalent of the $4bn debt which the reports said they have to commence local production or acquire ailing ones.
I'm sure if the Govt sees their seriousness in starting local production lines, they will be supported. Enough of importing products that have good local substitution.

Re: Nigerian Banks Owe Foreign Lenders $4bn by Truckpusher(m): 10:20am On Oct 22, 2015

VickyRotex:
Truckpusher! I'm Optimistic

And yes, the economy is gonna get better. And business men and entrepreneurs will get back to business.

It's like a refined gold, it has to pass through though times(fire), to come out beautiful.

Well, from all indicators from the different industries the picture is gloomy ,the micro economy is already in ruins and crime rates already on the spike - If any major problem starts from any of the economic viable region of this country ,coupled with bad policies that are on the table right now ,then we are so done.

1 Like

Re: Nigerian Banks Owe Foreign Lenders $4bn by Frank3n2(m): 10:25am On Oct 22, 2015

And yet the black market is booming...

Re: Nigerian Banks Owe Foreign Lenders $4bn by olutunde12(m): 10:30am On Oct 22, 2015

AutoCarTrack:
terrible cost

So when will 1 dollar equal 1 naira? I dont like these o. Babaonigba don say he no go leave office until this happens and he is old already!

Re: Nigerian Banks Owe Foreign Lenders $4bn by VickyRotex(f): 10:33am On Oct 22, 2015

Truckpusher:
Well, from all indicators from the different industries the picture is gloomy ,the micro economy is already in ruins and crime rates already on the spike - If any major problem starts from any of the economic viable region of this country ,coupled with bad policies that are on the table right now ,then we are so done.

Oh well, youre right!

Obvious truth is, some policies being layed are definitely not cool at all.

Its gonna be a great disaster waiting to happen, but I know it won't!

Re: Nigerian Banks Owe Foreign Lenders $4bn by wiseoneking: 10:33am On Oct 22, 2015

Keneking:
Ok ..$4bn of repatriated funds seized by PMB - great decision by the government

PMB decisions are the best for our economy...

Why?. Living in delusion again. Suffering and Smiling Party, always thinking with the brain of malu..

Re: Nigerian Banks Owe Foreign Lenders $4bn by Truckpusher(m): 10:36am On Oct 22, 2015

VickyRotex:
Oh well, youre right!

Obvious truth is, some policies being layed are definitely not cool at all.

Its gonna be a great disaster waiting to happen, but I know it won't!

You agreed yet you settled for the highlighted which is only a wishful thinking and that is a 50-50 chances and anything that has a 50-50 chances of occurrence is a recipe for disaster. tongue

Re: Nigerian Banks Owe Foreign Lenders $4bn by wiseoneking: 10:36am On Oct 22, 2015

oekehinde:
Eleyi gidi oooo
This one is strong.

Do you care to manage your diabetes without drugs and insulin injection bullet, visit www.surehealthoptions.com/vital5.html

Manage ko, manage nii. I got a true cure and you are talking of managER.

Re: Nigerian Banks Owe Foreign Lenders $4bn by TS2(m): 10:37am On Oct 22, 2015

lilprinze:
Wtf $4 billion very soon now APC would blame PDP and GEJ for the banks in ability to pay Foreign Lenders.

It's PDP and GEJ that should be blamed na.

Nigeria should not have anything less than US$100bn in our external reserves even with chopping in govt but what has happened is that all the years of oil boom didn't mean increased foreign reserves. They ate all the money, bought boats and real estate and jets everywhere. Now, there is no buffer for the economy in the event that a shock comes. Coupled with the price of oil in the global market and the promise of increased oil production globally in 2016 leading to a glut in the supply of oil, we are in for very tough times.

In short, what has happened is that we are eating once a day now so that should a famine comes, we will have something to feed on for some time. Don't blame Buhari. He has come to help.

If you like abuse me but I have just painted the easiest scenario for anybody to interpret easily.

2 Likes 1 Share

Re: Nigerian Banks Owe Foreign Lenders $4bn by wiseoneking: 10:39am On Oct 22, 2015

Trailblazer1:

I hate blind follows like you with a passion
Even if Buhari rapes your mother, it will still be a great DECISION

People like you are the reasons we have Bokoharam

true talk dear. That guy reasons like a goat.

Re: Nigerian Banks Owe Foreign Lenders $4bn by Nobody: 10:47am On Oct 22, 2015

I didn't want to comment without the knowledge of the ban product so I googled it and here is what I got;
1. Rice
2. Cement
3. Margarine
4. Palm kernel/Palm oil products/vegetables oils
5. Meat and processed meat products
6. Vegetables and processed vegetable products
7. Poultry chicken, eggs, turkey
8. Private airplanes/jets
9. Indian incense
10. Tinned fish in sauce(Geisha)/sardines
11. Cold rolled steel sheets
12. Galvanized steel sheets
13. Roofing sheets
14. Wheelbarrows
15. Head pans
16. Metal boxes and containers
17. Enamelware
18. Steel drums
19. Steel pipes
20. Wire rods(deformed and not deformed)
21. Iron rods and reinforcing bard
22. Wire mesh
23. Steel nails
24. Security and razor wine
25. Wood particle boards and panels
26. Wood Fibre Boards and Panels
27. Plywood boards and panels
28. Wooden doors
29. Toothpicks
30. Glass and Glassware
31. Kitchen utensils
32. Tableware
33. Tiles-vitrified and ceramic
34. Textiles
35. Woven fabrics
36. Clothes
37. Plastic and rubber products, polypropylene granules , cellophane
wrappers
38. Soap and cosmetics
39. Tomatoes/tomato pastes
40. Eurobond/foreign currency bond/ share purchases
Now that I know the product and having read other comments, I will reserve mine.

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