Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,162,275 members, 7,849,970 topics. Date: Tuesday, 04 June 2024 at 12:21 PM

I ‘ll Name Those Behind Forex Crisis, If … Says Ubah - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / I ‘ll Name Those Behind Forex Crisis, If … Says Ubah (47521 Views)

Forex Crisis Pushes Up Profits For Local Firms / FOREX Crisis: Food, Beverage Sector To Sack 3m Workers / Forex Crisis For Importers. (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by arsenal33: 11:18pm On Feb 23, 2016
Atlantian:
The illiterate President is about to be conned by a street-savvy illiterate. I keep wondering why I was birthed in this country.
you should be birthed in syria

3 Likes

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Teddeebear: 11:21pm On Feb 23, 2016
Agubushmenyo:
Mr Ubah, but some people said it was Buhari's cluelessness...

Wailers will hide their head in shame!!
hahaha what of liars who said it was GEJ …
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by PreyingMantis(m): 11:22pm On Feb 23, 2016
danot1030:
I Ever since Jonathan lost and he has not been giving recognition in the seat of power he has long being hungary for a VIP attention from aso rock, if Buhari is wise he should just ignore him...
He's not only hungary for VIP attention, he's also Romania and Latvia for Buhari's recognition.

Illiterates everywhere!

2 Likes

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Nobody: 11:26pm On Feb 23, 2016
APC is deliberately causing the artificial rise,they have all their money in dollars which they are supplying to black market.

If I tell you guys my theory,I guarantee it will make a lot of sense.
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by PEREP: 11:30pm On Feb 23, 2016
Agubushmenyo:
Mr Ubah, but some people said it was Buhari's cluelessness...

Wailers will hide their head in shame!!

It is Cluelessness on the part of this administration to have no iota of solution in the face of over-Priced USD and it takes an individual citizen to play the mind game and there was a free fall.

Though from all indication, the free fall will only be a function of Nigerians heeding to his voice to shun the dollar. How far we will go without dollar in an import dependent economy is left for the imaginations.

There must be deliberate step by the government to create business opportunities that willl generate FX (Solid Minerals, Gas, Coal, Bitumen and the likes are still available)

.............
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by TheGoodJoe(m): 11:33pm On Feb 23, 2016
[b]Nigeria must pick an option before it is too late. This fact is corroborated by the alarm raised by Professor Wole Soyinka who said Nigeria’s needs an urgent economic conference to arrest the present explosive drift. For me, another conference is not the solution. Nigerians are tired of the endless confabs with attendant communique that end up in the dustbin of history unimplemented. What is urgently required is a practical team that will proffer practical solutions that are practical to be executed.


It is the same way I can’t feel any sense of urgency or desperation on the part of our economic experts in the Ministry of Finance and the Central Bank. It seems obvious that there is a kind of lackadaisical attitude on their parts while the Naira is busy dancing kpalongo on the parallel market.

May be the time has come for the President to wield the big stick in the finance circuit. What is going on is too disgraceful and unthinkable. If something is not done urgently, the consequences may be too grave for our country... Dele Momodu[/b]

1 Like

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by abeljohnsa2: 11:33pm On Feb 23, 2016
Sunnycliff:
Nwannem Ifeco, please don't rescue this guys before they take the glory in what they never imagined could be possible. APC zombies lack common sense and rudimentary economics. Instead of getting economic team they are showing their prowess in media team because of their crush for propaganda.
You keep fighting back whoever comment against your statement.
What do you mean by [b]"please don't rescue this guys..."?
[/b]When i ask if u are a Nigerian now u will say yes.
Stop fighting back. Just apologize or accept your mistake and ignore. Habah!

1 Like

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by dexcy(f): 11:38pm On Feb 23, 2016
Alertz3:
I think this man may not be far from the truth. Speculators are the problem. The popular story of the monkey dealer comes to mind.
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by pulsa(m): 11:38pm On Feb 23, 2016
Dudeweedlmao:
I said it, to get to the level this guy is in no be with ordinary eyes

He definatly sees what we cant.



Pretty sure your government can't pay him. He's a philanthropist
Its just like US government trying to pay bill gates
what are you insinuating USA budgets 1 trillion dollars per year has a GDP of 20 trillion dollars and bill gates is not even worth up to a 100 billion dollars

1 Like

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Krismart(m): 11:39pm On Feb 23, 2016
fyneguy:
You need an appointment before you can help your country
Why can't u help or are u not a Nigerian?
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Alal(m): 11:39pm On Feb 23, 2016
Did he not know that it is now 260 to 1 dollar as at this evening. And it will still drop.

2 Likes

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Krismart(m): 11:43pm On Feb 23, 2016
fyneguy:
You need an appointment before you can help your country
What he is only asking for is government's protection as the people behind this will definitely come after him. He is using his brain and so should u
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by lastpage: 11:48pm On Feb 23, 2016
airsaylongcon:


Swear on the life of your children that you never referred to GEJ as clueless. Swear

That one was ACTUALLY CLUELESS~! grin grin grin
It wasn't an insult.

You can insult me ........but please dont call me GEJ! angry angry


Lastpage!

4 Likes

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Mboi: 11:49pm On Feb 23, 2016
Agubushmenyo:
Mr Ubah, but some people said it was Buhari's cluelessness...

Wailers will hide their head in shame!!
Yes it is because of Buhari's cluelessness. He called BDCs thieves and fraudsters and directed CBN to stop selling dollars to them that is why we have fake free fall of Naira thereby causing hardship to the massess. According to them, selling forex to BDCs depletes Nigeria's forex reserve. CBN released news that they will start selling dollars again to BDCs @ $400,000 every week because they have seen the impact of removing them from business coupled with what Ifeanyi Uba said and the naira started appreciating immediately.
So if Bubu is not clueless he will know that BDCs play very vital role in Nigerian economy in terms of foreign exchange.
In a week, a commercial bank can have forex demand from it's customers of about $90m to $500m, since CBN does not sell enough forex to commercial banks, they use BDCs to meet their customers demands for forex.

1 Like

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Krismart(m): 11:49pm On Feb 23, 2016
eleko1:
Be bold UBAH sad Pls BE BOLD.Name those irresponsible,saboteurs,bastards,thieves that doesn't want dis country to prosper. Pls do us dis Favor Chief,Dr,Otunba Okanlomo Ubah undecided wink
Bro we are talking of exposing some strong government officials. I think Ubah is indirectly asking for government's protection before saying anything cos they will definitely come after him. This is politics for u

1 Like

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by isaacgravity(m): 11:52pm On Feb 23, 2016
We Offer the Best/Cheapest BULK SMS SERVICES to All members. Kindly contact us on #07033010778#(call/whatsapp) to place your order now!
OUR SERVICE IS THE BEST!!!
Powered by www.schoolnewsportal.com Team
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by pulsa(m): 11:57pm On Feb 23, 2016
pDude:
In the old soviet union, this guy would have been placed against a fence and riddled with AK47 bullets for being privy of information that negatively affected the state and doing nothing about it. That is the same thing with being a spy and it is high treason.

I'm just saying

you mean Stalin's Russia period, damn
the KGB would have openly had their crude fun with him by now.

even in present day Putin's Russia he would have long been dealt with by now, covertly though.

1 Like

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by lastpage: 11:57pm On Feb 23, 2016
Dudeweedlmao:
I said it, to get to the level this guy is in no be with ordinary eyes

He definatly sees what we cant.



Pretty sure your government can't pay him. He's a philanthropist
Its just like US government trying to pay bill gates

Until he can pay the arrears of FOUR MONTHS staff salary (Coaching crew) and that of his players at his club, until then, PMB is not even hearing his rants!

His "level" nor pass that of a dubious businessman seeking undue attention!

PMB is on "Earphones"! grin grin grin



Lastpage!

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by airsaylongcon: 11:58pm On Feb 23, 2016
lastpage:


That one was ACTUALLY CLUELESS~! grin grin grin
It wasn't an insult.

You can insult me ........but please dont call me GEJ! angry angry


Lastpage!

I'm not arguing if it was an insult. The word "clueless" is an adjective and can be used to describe anyone GEJ or Buhari. So no one should be tripping of Buhari is called clueless. Its just and adjective
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by JOSSYAA(m): 12:03am On Feb 24, 2016
This is serious o, power pass power, in two days after- from 400 to 310?
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by YoungExec: 12:04am On Feb 24, 2016
Funny enough, since his interview, it's going down.

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by lastpage: 12:13am On Feb 24, 2016
Mboi:

Yes it is because of Buhari's cluelessness. He called BDCs thieves and fraudsters and directed CBN to stop selling dollars to them that is why we have fake free fall of Naira thereby causing hardship to the massess. According to them, selling forex to BDCs depletes Nigeria's forex reserve. CBN released news that they will start selling dollars again to BDCs @ $400,000 every week because they have seen the impact of removing them from business coupled with what Ifeanyi Uba said and the naira started appreciating immediately.
So if Bubu is not clueless he will know that BDCs play very vital role in Nigerian economy in terms of foreign exchange.
In a week, a commercial bank can have forex demand from it's customers of about $90m to $500m, since CBN does not sell enough forex to commercial banks, they use BDCs to meet their customers demands for forex.

Your ignorance nor get "Part 2"!.

The slight appreciation was because:

Price of Crude Appreciated a little bit in the last two days.
This was so because Russia and Saudi Arabia have agreed to peg output ...... (though Iran has not yet agreed to do same) being th emajpr producers around that end of the world.
This means Nigeria has "earned" more Dollars.
The more Dolars we earn, the more buoyant our own currency.
This is what Ubah and the rest of you will never understand.
grin grin

On BDC,
Some Directors of CBN have opened "BDC Shop" where they channel the Dollars Nigeria earns from sale of Crude, at OFFICIAL RATE.
They then sell this at the Black market rate, making a fortune!

This is why Govt said you cant take Dollars from us at #199.... and then go to sell at #400 to the Public! Source your Dollars yourself, if all you want to be doing is "rent-taking".
Even their "deposit" has been returned to them, as of today.

Even Banks that get forex from the CBN at #199, have been diverting such Dollars to those BDC Mallams, to sell at #400!..... and share the profit between themselves.

There are too many Criminals in this country and "Democracy" seems too lenient if not incapable, of dealing with them!
What Nigeria needs is a "DEDICATED, PATRIOTIC BUT BRUTAL DICTATOR" like Jerry Rawlings of Ghana, to come for just TWO YEARS, TO CLEAN THE COUNTRY and HAND OVER TO A CIVILIAN GOVT.

Criminals numbering into their tens of Millions cant be "handled effectively", using "Rule of Law"
. undecided undecided



Lastpage!

9 Likes

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Nobody: 12:18am On Feb 24, 2016
Krismart:
Bro we are talking of exposing some strong government officials. I think Ubah is indirectly asking for government's protection before saying anything cos they will definitely come after him. This is politics for u
But he can easily walk to d government and give them those name without making it public
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Masculity(m): 12:19am On Feb 24, 2016
AbuMaryam1:
The should arrested he is up to blackmail.


is your name on the list
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Masculity(m): 12:22am On Feb 24, 2016
eleko1:
Be bold UBAH sad Pls BE BOLD.Name those irresponsible,saboteurs,bastards,thieves that doesn't want dis country to prosper. Pls do us dis Favor Chief,Dr,Otunba Okanlomo Ubah undecided wink


these are the kind of people we need in this country.

1 Like

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Masculity(m): 12:23am On Feb 24, 2016
Ucheosefoh:
Seems like this man knows more than we can imagine
We need economic conference where experts will provide solution to our problems because it is too much for the government to handle. But hell no they rather invest in propaganda than do what is suppose t be done.


ma guy is highly complicated.
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Masculity(m): 12:24am On Feb 24, 2016
Coolcash1:
This man is just seeking for relevance...Perhaps he is among those that have stocked cash dollars in the soak away and ready to return it to bank...Seriously, he should just shussh his mouth and face his business rather than make mockery and public Shame of himself...




treat ditected. Baba i don catch one. Send magu biko nu.
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Masculity(m): 12:25am On Feb 24, 2016
Sunnycliff:
Nwannem Ifeco, please don't rescue this guys before they take the glory in what they never imagined could be possible. APC zombies lack common sense and rudimentary economics. Instead of getting economic team they are showing their prowess in media team because of their crush for propaganda.


magu come see another one.
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by Nobody: 12:30am On Feb 24, 2016
About a week ago, week ago! Buhari Shmurda!

Let them keep calling the presido names, one thing is sure, that man called Buhari has balls!!!! Nigga too strong to be fazed!


lastpage:


If we all recall, when Buhari was in London for the Syria Appeal fund (and his Medical Checkup), he faced a Question & Answer session with Nigerians living in the U.K and the issues of Naira Exchange rate and Closing of BDC's was asked.

The President openly stated that the Exchange rate was being MANIPULATED by a few people, ...and he mentioned the issue of CBN Directors owning Burea De Change, and then syphoning the "Govt Dollars", to their own BDC, at Govt/Official rate, ........to now sell in the Black market thereby making fantastic profit.

if anyone has Dollars to sell, let them sell it at the Black market or Whatever rate, that is not Govt's problem.
But no one should be allowed to take Dollars from the CBN...... and then take to sell at the Black Market


We all know this problem will fissile-out in a few months time, if the President can hold on and weather the storm from these #Wailers.
Just like the hyped fuel shortage, about a week ago.



Lastpage!
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by stexsy(m): 12:30am On Feb 24, 2016
AbuMaryam1:
The shoulpd arrested he is up to blackmail.
You go school at all?
Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by banmee(m): 12:31am On Feb 24, 2016
eleko1:
Be bold UBAH sad Pls BE BOLD.Name those irresponsible,saboteurs,bastards,thieves that doesn't want dis country to prosper. Pls do us dis Favor Chief,Dr,Otunba Okanlomo Ubah undecided wink

winningwinner:


He has a point. Give him the chance to prove it. When the president was busy shortchanging his people he did not know that they hold what he might need to move Nigeria forward. Right now Uba wants to prove to him that "if you know this one, you may not know the other". Those accusing Uba of being unpatriotic should know that patriotism is not remembered when Uba's kinsmen were abandoned at the bus stop when the bus still has empty seats. Uba wants reintegration and then the economic woes will be over. Lesson: Don't underrate anybody, group or tribe in a theatrical setting like Nigeria. God bless Uba!

You are funny. I can tell you all who are responsible. It's too easy. Here they are;

1. All your leaders past and present.

2. Your over dependence on oil.

3. Supply and demand.

4. Speculators all over the world. I'd like to see how you are going to hold them accountable.

Now, how do you go about arresting all these people and or factors?

1 Like

Re: I ‘ll Name Those Behind Forex Crisis, If … Says Ubah by winningwinner(m): 12:31am On Feb 24, 2016
toposi4naija:
Thiz man provokes me shaa ooo..........can't yhu help revive the dying economy of ur state?.....all u can say is if I can be appointed as blah blah blah................

He has a point. Give him the chance to prove it. When the president was busy shortchanging his people he did not know that they hold what he might need to move Nigeria forward. Right now Uba wants to prove to him that "if you know this one, you may not know the other". Those accusing Uba of being unpatriotic should know that patriotism is not remembered when Uba's kinsmen were abandoned at the bus stop when the bus still has empty seats. Uba wants reintegration and then the economic woes will be over. Lesson: Don't underrate anybody, group or tribe in a theatrical setting like Nigeria. God bless Uba!

1 Like 2 Shares

(1) (2) (3) (4) (5) (6) (7) (Reply)

FG Lifts Ban On Cryptocurrency, Introduces Taxation Instead / Obi Cubana To Sponsor Ekuma Jeremiah, Hawker To University / Mohammed Indimi, His Children And Grandchildren Reunite For Sallah (Photos)

(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. 64
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.