Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,458 members, 7,850,592 topics. Date: Wednesday, 05 June 2024 at 05:16 AM |
Nairaland Forum / Nairaland / General / Business / CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% (19958 Views)
Checkout Made In Aba Products Made By Local Manufacturers (photos) / Manufacturers Contemplate Exit As Production Cost Rises By Over 50% / You’re Killing Local Manufacturers –MAN Alerts CBN (2) (3) (4)
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by simplemach(m): 9:33pm On Jan 24, 2016 |
A better news than the people being searched on camera to board a plane. |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by Slikbae: 9:33pm On Jan 24, 2016 |
yeah |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by YoursGEJ(m): 9:34pm On Jan 24, 2016 |
I still don't understand why CNN does not want to officially devalue the naira |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by kulobyno: 9:34pm On Jan 24, 2016 |
Really? I can't feel the impact of the local manufacturers yet 1 Like |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by jorhney(m): 9:35pm On Jan 24, 2016 |
mtcheeew |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by rottennaija(m): 9:36pm On Jan 24, 2016 |
HiddenShadow: This is obviously from a particular manufacturer, not all. And may I add, it may take time for other because a lot of things had to be put in place before they can operate. |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by nkowaputa(m): 9:38pm On Jan 24, 2016 |
Lies 1 Like |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by Kangol99(m): 9:38pm On Jan 24, 2016 |
|
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by Idrismusty97(m): 9:41pm On Jan 24, 2016 |
Bad news for IPOB touts that solely rely on importing fake substandard products. Good news for the entrepreneurs/Local manufacturers in Aba and all over Nigeria. 5 Likes 1 Share |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by yellowhouse30: 9:41pm On Jan 24, 2016 |
Good deveploment. Thank baba Buhari 1 Like |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by miqos02(m): 9:43pm On Jan 24, 2016 |
YoursGEJ:cnn is an american tv station now 2 Likes |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by Idrismusty97(m): 9:43pm On Jan 24, 2016 |
YoursGEJ:Bros CNN job na to dey report news o . 2 Likes |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by Nobody: 9:44pm On Jan 24, 2016 |
Can someone please tell me the policy? Last time i checked, just a week ago the restrictions on forex were lifted 1 Like 1 Share |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by Nobody: 9:49pm On Jan 24, 2016 |
WisdomFlakes: Longest time. Happy New Year. 2 Likes |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by Realdeals(m): 9:51pm On Jan 24, 2016 |
Nice one |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by macklef(m): 9:54pm On Jan 24, 2016 |
We even import slice bread n pure water from Chad. #ThisMustStop |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by chukkiephil(m): 9:55pm On Jan 24, 2016 |
hahahahahaha see washing hahaha it's only ZOMBIES that will believe this hahahaha Oya ZOMBIES FOOD don come!! make Una chop belle full!!! 1 Like 1 Share |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by henryutd(m): 9:56pm On Jan 24, 2016 |
Nothing is completely bad. |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by WisdomFlakes: 9:59pm On Jan 24, 2016 |
dearpreye: Yes o my brother. Same to you. I dey check in from time to time. You don chop more than enough 'likes' from me ontop your correct correct motivational materials. Keep it up bro. This year's looking like it's gonna be a blast, maybe there'll be some storms here and there but we go weather them. 1 Like 1 Share |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by T4taiwo(m): 10:00pm On Jan 24, 2016 |
Good policy from CBN |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by Realdeals(m): 10:01pm On Jan 24, 2016 |
grandstar:You're wrong with the bolded, importers of your product pays in foreign currency to your domiciliary account. No bank will deny you the benefits of withdrawing it. |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by grandstar(m): 10:06pm On Jan 24, 2016 |
Realdeals: Are you sure. I learnt that they are forced to sell at the official rate 1 Like |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by Nobody: 10:09pm On Jan 24, 2016 |
YoursGEJ: YoursGEJ: GBAM! CBN turn CNN 1 Like |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by grandstar(m): 10:10pm On Jan 24, 2016 |
YoursGEJ: He does not like devaluations. It like a child who does not like. that 1 +1=2. The economy is really suffering |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by bashdawodu: 10:11pm On Jan 24, 2016 |
This is great news and exactly what the country needs.This is what happens when you have a government that not only understands our reality but has solutions to our problems.The importers should encourage the foreign manufacturers they buy from to come set up plants in Nigeria rather than lobbying our government to do their bidding. 4 Likes |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by tefund(m): 10:16pm On Jan 24, 2016 |
Boss13:dem de look for dollar to import tooth pick 1 Like |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by sokera: 10:17pm On Jan 24, 2016 |
ednut1:wailer detected ... 1 Like |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by Babsmike(m): 10:20pm On Jan 24, 2016 |
I hope this policy will reduce importation of consumable goods like nylon but opportunity should be created for the importation of capital goods like machinery, equipment which are use for the production of another commodity. God bless Nigeria |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by DeLaRue: 10:33pm On Jan 24, 2016 |
I was at shoprite in my State on Friday and decided to take a look around their vegetable stand. I was shocked! There were 3 baskets of tomatoes. Basket 1 : beefsteak tomato (produce of Nigeria) - N750 per kilo Basket 2 : beefsteak tomato (label says 'imported') - N1030 per kilo - exactly the same as the ones in basket 1. The only difference was the label. Basket 3 : Roma (like the ones from the north) - N750 per kilo. Why would shoprite import a tomato that is exactly the same as the local produce they also had on display? I walked further down the veg isle, only to see Cabbage imported all the way from Spain. Again the quality was no better than what the Northerners or indeed anyone can produce in Nigeria. By the way, all the tomatoes in this particular Shoprite were mushy and near-rotten...and I wondered why? Where is the much vaunted Nigerian middleclass who we are repeatedly told are so awash with cash they would buy anything at whatever ridiculous price? When I got home, I saw a small pack of tomatoes (about 1.5 kg) freshly brought from the market. I asked my wife how much she bought them for - she said N100!. That's roughly N75 per kg, yet Shoprite is using our scarce foreign currency to import a tomato that is not much better to sell for 10 times more. And no one is even buying them...so it seems as they were mostly rotten due to no takers. It's a crazy country. This FX ban is one of the best things to happen to Nigeria. I am sorry for the importers obviously, but this is a time we all need to make a sacrifice and think about the future of this country rather than how much Mr A or B can make from importing things we do not need. 11 Likes |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by Realdeals(m): 10:35pm On Jan 24, 2016 |
grandstar: Very sure bro, except if the branch you visited for the withdrawal do not have. |
Re: CBN Forex Policy: Local Manufacturers Happy As Production And Sales Leap By 50% by persius555(m): 10:38pm On Jan 24, 2016 |
grandstar:This is the aspect of our economy that we always hammer on. It is the duty of the finance minister to furnish the public on what the direction will be in correlation with the monetary policy on ground. Where is that finance minister when you need her? She needs to take notes from NOI, just for morale boosting. |
Four Common Financial Mistakes Most People In Nigeria Make / Businesses In Nigeria Must Accept E-naira Payment, CBN Warns / New Bank Promoters Must Disclose Sources Of Fund – CBN
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 29 |