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Nairaland Forum / Nairaland / General / Career / Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further (20663 Views)
Capital Oil Workers Fear Job Losses / Maritime Sector Records 6,000 Job Losses / Bankers, Others Take Insurance Cover Against Job Losses (2) (3) (4)
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Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by PLANETMARS(m): 10:44am On Jan 04, 2016 |
M |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by femimike1(m): 10:44am On Jan 04, 2016 |
Hmmmm |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by Lobolintin(m): 10:48am On Jan 04, 2016 |
jayloms: Spoke my mind....there was a country |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by CSTR2: 10:49am On Jan 04, 2016 |
EternalTruths:There is a greater chance of you going to jupiter, than buhari implementing fiscal federalism. C'mon, his people that voted for him would have none of that. They see it as anti-north. 7 Likes 1 Share |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by hmuhammad(m): 10:52am On Jan 04, 2016 |
modath:we shall overcome by His grace |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by manutdadex(m): 10:52am On Jan 04, 2016 |
PassingShot:projected? People like one make i vormit 1 Like |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by surrogatesng: 10:54am On Jan 04, 2016 |
Things will still get. better |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by 2goodbobo(m): 10:54am On Jan 04, 2016 |
Imagine the money Nigeria can generate from Churches and Mosques if they are meant to be paying tax. Just thinking out loud! Is high time to look for other sources of revenue instead of concentrating on Oil. 1 Like |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by Bigdreams(m): 10:54am On Jan 04, 2016 |
We will wade through it. ... Grab this FREE REPORT - How To Start Bulk SMS Business Successfully and Make Money Constantly Go to www.targetedsms247.com/freereport |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by emmygzy(m): 10:54am On Jan 04, 2016 |
PassingShot:which expert? Lai Mohammed? Did you heard what IMF said? They when Iran begins their own exportation, that oil might come down to 20usd per barrel. |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by hustla(m): 10:59am On Jan 04, 2016 |
joseph1832: By the time you start paying 1,000 naira for where u used to enter 100 naira because naira has become useless like Zimbabwes $ , you will understand Even Agbero no go collect 100 naira again for owo load Tomatoes go turn 2k naira per Kilo |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by holllandis: 10:59am On Jan 04, 2016 |
lielbree: Amen |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by hustla(m): 11:00am On Jan 04, 2016 |
emmygzy: I want it to come down to $5 per barrel sef Let the oil become virtually useless so we can face other means of making money, tourism, mining and agriculture |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by Oildichotomy(m): 11:00am On Jan 04, 2016 |
EternalTruths:Bubu cannot try that ooo unless you want the north to go bankrupt. Even his state Katsina will be famine-ladened 1 Like |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by TheAlchemist: 11:00am On Jan 04, 2016 |
More good workers will be sacked... while the bad eggs aka connection pikin will be retained. |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by PassingShot(m): 11:03am On Jan 04, 2016 |
emmygzy:Don't confine yourself to only what you read in Nairaland. Expand your horizon. |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by OZAOEKPE(f): 11:06am On Jan 04, 2016 |
PassingShot:LET US SEE HOW IT WILL RISE? |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by PassingShot(m): 11:06am On Jan 04, 2016 |
manutdadex:Olodo, when last did you watch CNN, BBC or Aljazeera? When last did you read Yahoo News, MSN, or even The Economist for analysis on the crude price? |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by ColeworldMD(m): 11:07am On Jan 04, 2016 |
nnachukz:I was really optimistic about her but it's now obvious that the task is beyond her. To think that Russia was using benchmark of $60/b when oil prices were about $100/b and Nigeria is using $38/b when it was about $47/b and on the decline. Cluelessness at it's peak. And why do we have problems with wages when there has been significant increase in the budget from 4trn to 6trn What does Nigerian govt takes it's citizens for The senators have bogus allowances and salaries while all these is going on & the governors complaining barely have any projects on their agenda. Smh 3 Likes |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by Nobody: 11:11am On Jan 04, 2016 |
joseph1832: 1.Job losses brought about by the fall in oil prices....ie government agencies no longer have much money to spend, meaning things like contracts would be restricted....means that the average worker who patronises the danfo driver and tomato seller and mechanic would have less money to spend....meaning things become tighter for them 2.Fall in oil prices means that government's pocket becomes leaner. And that means state govt pockets become leaner, meaning the worker's pocket both in public and private companies (I work in the private sector and have seen a fall in my salary)....meaning Danfo driver, tomatoe seller etc become poorer...because people ain't spending money. 3.Lack of forex means that there would be difficulty importing items...because no forex.(And forex is dropping, because the CBN, in order to prevent the naira from being devalued....which you Nigerians do not like....is hoarding dollars.). For mechanic....difficulty in getting good spare parts since .....you guessed it....most spares are imported. And prices go up too....driving people away from the mechanic....except when necessary. Mechanic income falls. Also, as most loads in the park are imported, fall in imports means less goods to carry at the park....agbero loses money too. 4.As the subsidy goes, prices may rise up.(Caveat....it may not rise by much because the oil price has fallen too....but YMMV on that).Transport fares go up....meaning that less people patronise motor park....less kudi for danfo and agbero.It also affects the cost of the tomato seller's transporting the tomato from rural areas....as transport price rises up....leading her to either raise prices of the tomato she sells....or sell at a loss. 5.People are going to save more....good news for the banks,bad news for danfo,mechanic, tomato seller,etc....less disposable income= less income for them. 1 Like |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by chernest2002: 11:11am On Jan 04, 2016 |
Unfortunately there is no miracle in governance let bubu's look for experts |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by Nobody: 11:14am On Jan 04, 2016 |
PassingShot: I read your comment on oil price....especially the prediction for stability by 2017....which I am aware of. But....and this is a big but....my problem with such analysis is that more and more countries are discovering oil. Add the fact that America is becoming self sufficient in oil....and you see that the prospect of oil prices rising again is a dim prospect. If I was a prophet....I would be prophesying oil to stay below $40 per barrel for the next ten years. Maybe longer. And OPEC would become irrelevant. 1 Like 1 Share |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by Aurelius1(m): 11:17am On Jan 04, 2016 |
lielbree:So its Buhari's fault that that the price of oil has fallen so low? Guy, I pray for you to receive sense. 1 Like |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by Nobody: 11:19am On Jan 04, 2016 |
nnachukz: Well, regardless of how the government pegs it, the fact remains that oil prices are dropping....and that pretty soon we would run a deficit. (That is one of the vagaries of being a resource dependent economy.). Already Saudi Arabia...which saved lots of money, has spent $120bn of its external crude reserves in one year. Nigeria at any rate....even if we saved during GEJ's regime....would still have problems. Whatever way you look at it....resource dependent countries always end up running deficit budgets once the price of the resource they are selling goes down.Even when you have saved a bunch. 3 Likes |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by Shakur86(m): 11:21am On Jan 04, 2016 |
That is why there is need for diversification. Overdepence in crude oil is a great impediment to our economy. I pray this country shall be great again. |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by whitebone(m): 11:22am On Jan 04, 2016 |
This is a blessing in disguise! Cos if crude oil never become $1 per barrel naija no go learn . Now wey we don learn, its high time we started to mine every natural resources in every state and stop depending on just one natural resources in one state, why would the whole of 36 states depend on just one natural resource from NigerDelta and leave there own state resources un mined? How would such country develop or become wealthy? Let there be diversification, let every state begin to mine there own resources and begin to trade also on the world market. I can assure you in the space of ten years 1naira will be equal to 1pound not even one dollar. This will also create jobs. Its as simple as that. 1 Like |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by mark3009(m): 11:22am On Jan 04, 2016 |
jayloms:How do you beef up igr when most of the workers are going to be laid off and the few the companies in existence are struggling to survive? Where is the igr coming from? |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by Myself2(m): 11:22am On Jan 04, 2016 |
PassingShot: Tufiakwa God forbid May oil NEVER stabilize at anything more than $26 per barrel for year 2016 PassingShot: Now you're talking |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by Psalm18: 11:22am On Jan 04, 2016 |
Kikero112: Quite true. It's why its imperative that when the cycle of boom is upon us - we as nation should have invested wisely and build up new areas of revenue. But ALL the leaders,ALL of them acted like drunken sailor- stealing and stealing money |
Re: Fear Of Job Losses As FX Scarcity Persists, Oil Prices Crash Further by joseph1832(m): 11:23am On Jan 04, 2016 |
hustla:Lemme borrow Eedris Abdulkarem's words "Agege to Ikeja, na 100 Naira" bros Agege to Ikeja no be 100 Naira again. So be be today yansh dey back. |
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