41 Items Still Banned Under Nigeria-china Currency Swap Deal - Business (2)

41 Items Still Banned Under Nigeria-china Currency Swap Deal - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › 41 Items Still Banned Under Nigeria-china Currency Swap Deal (21826 Views)

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Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by hisgrace090: 11:06am On May 23, 2018

I will be glad if it works.

I know it will.

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by skales67(m): 11:10am On May 23, 2018

Clueless mumuhary. Whatever the old foool touches turns to failure. Idiotic snakes of Sudan hailing him already don't even realize the impact this will have on the economy. Just hailing zombiecally.

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by Nwakannaya1: 11:15am On May 23, 2018

Good one by the inept government.

We need to know the exchange rate.

Will there be a law binding on the Chinese to produce at least 60percent of the commodities they trade on with Nigeria in Nigeria, if not, it is a chase after the wind, because if it is more lucrative for them to produce in their home country and smuggle in, they would do just that.

The most laughable part is saying that Nigeria is already exporting to China and the deal will further open export market to China. Of course it will, but it is only digging our own grave knowing we are just exporting primary products and that is never competitive in the present world. They would buy those primary products and turn them into finished goods and find a way of sending it into the Nigerian market since demand is always high in it.

Let's hope it turns out well, the same way I don't trust the chinese is how I don't trust the Europeans and Americans, one have to be clever when dealing with them!

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by obstead200(m): 11:35am On May 23, 2018

Mutemenot:
what else do we buy from china apart from the banned products listed above?

techno phones

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by musa7m(m): 11:49am On May 23, 2018

IJOBA2:
YEAH WE RULE THE WORLD. IF I HEAR KPIM FROM YOUR MOUTH, YOU GO COLLECT BULLET FOR STOMACH JUST LIKE YOUR PALESTINIAN TERRORIST BRETHREN

well ...the gun ....the bullet and uniform dey my hand...dnt 4get uniform men run this country

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by dantrillion: 12:02pm On May 23, 2018

Is very easy to make plans but to implement it is wat nigerians re after..... we re tired of hearing same stories everyday without evidence to proof. pls cut off dose super stories and we will only listen to ur crab stories when you implement dose plans...

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by brodalokie: 12:24pm On May 23, 2018

What of metals like aluminium and lead?

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by HeroicMeastro: 12:25pm On May 23, 2018

IJOBA2:
WHAT DO YOU EXPECT FROM A CERTIFICATELESS PROPHET OF ISLAM

Why bringing ISLAM into this?
I am sure it's ur type that have this bad odour-pit-smelly mouth which emits bad gases capable of destroying ur generations. U will do better by keeping it close or a great calamity befalls u. FOOL!!!

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by IJOBA2: 12:47pm On May 23, 2018

HeroicMeastro:
Why bringing ISLAM into this?
I am sure it's ur type that have this bad odour-pit-smelly mouth which emits bad gases capable of destroying ur generations. U will do better by keeping it close or a great calamity befalls u. FOOL!!!

ARE YOU A HEAD SLAMMER huh

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by NairaMaster1(m): 1:04pm On May 23, 2018

adisabarber:
How do we balance the trade?

I wonder how!

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by Tripleoluwa(m): 1:06pm On May 23, 2018

Ratello:
The Mumu government of Buhari ought to have sealed this deal since 2015 but rather let it lie fallow only to wake up now that election is drawing nearer in order to score some cheap points but now this is too late. I think the strengthening of the Naira aspect and not making Nogeria a dumping ground for unnecessary Chinese goods should be applauded but the big question is, with a weak economy that still consumes more than what it produces and also with a very low output in capital projects I don't see how Nigeria will still not be a dumping ground under this crises-ridden government of mumuhary. Yeye thing

Do you think to finalize bilateral deals is like asking a woman out? It will take the UK two years to negotiate their Brexit divorce. Do you know how many years it took to negotiate the Iran nuclear deal? Bilateral negotiation is complex and detailed. So appropriate negotiations are required before ratifying it

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by ibroauthen(m): 1:14pm On May 23, 2018

IJOBA2:
WHAT DO YOU EXPECT FROM A CERTIFICATELESS PROPHET OF ISLAM

Common sense is not common afterall

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by Blue3k(m): 3:24pm On May 23, 2018*

Currency swap is good since it provides liquidity to International investors. Basically since you no longer have to get dollars it makes it easier to trade. The other benefit is lowering exchange rate risk. I thought this program started years ago but it was in negotiations.

Nigeria should seek more bilateral agreements like this one. UK seems to be similar mood since its leaving EU. Lastly the banned list isn't useful since it doesnt address funmebtal issues with producing those items.

Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by CofOLandOfPeace(m): 5:09pm On May 23, 2018

ibroauthen:
Common sense is not common afterall

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Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by FriendNG(op): 5:26pm On May 23, 2018*

Blue3k:
Currency swap is good since it provides liquidity to International investors. Basically since you no longer have to get dollars it makes it easier to trade. The other benefit is lowering exchange rate risk. I thought this program started years ago but it was in negotiations.

Nigeria should seek more bilateral agreements like this one. UK seems to be similar mood since its leaving EU. Lastly the banned list isn't useful since it doesnt address funmebtal issues with producing those items.

I think this is 1 of my 3 threads on this. I checked your profile "Nairaland Economist" before I posted this but I see a long last seen. I was expecting to see a thread of yours analysing the swap deal.

The swap deal was officially signed this month. What you heard last 3 years are negotiations. The framework will be released next week.

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Re: 41 Items Still Banned Under Nigeria-china Currency Swap Deal by Blue3k(m): 5:32pm On May 23, 2018

FriendNG:
I think this is my 1 of my 3 threads on this. I checked your profile "Nairaland Economist" before I posted this but I see a long last seen. I was expecting to see a thread of yours analysing the swap deal.

The swap deal was officially signed this month, what you heard last 3 years are negotiations. The framework will be released next week.

I couldnt post because I was banned for 10 days. Then I didn't feel like posting for awhile after the ban.

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