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FG Sells 12.4 Billion Shares To CBN (Photos) - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / FG Sells 12.4 Billion Shares To CBN (Photos) (12591 Views)

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Re: FG Sells 12.4 Billion Shares To CBN (Photos) by Butterflyleo: 7:53pm On Sep 18, 2018
Zico5:
[s]I wonder how Osinbajo is sleeping in the night with nepotism and tribalism going on under his nose as a pastor. I guess he has sold his soul for this party. Vice president is nothing but an errand boy in Nigeria. I pray he recover cos if truly he is man of God, what is going on now is enough for him to throw in the towel.[/s]

Wailers trash talk as usual

[img]https://media1./images/a6070af7b76d925098250f37c988b333/tenor.gif?itemid=12131306[/img]

1 Like

Re: FG Sells 12.4 Billion Shares To CBN (Photos) by Idrismusty97(m): 7:56pm On Sep 18, 2018
This is more like using your phone to charge your power bank and then using that power bank to charge the same phone.

4 Likes

Re: FG Sells 12.4 Billion Shares To CBN (Photos) by NothingDoMe: 7:59pm On Sep 18, 2018
Fukafuka:
grin....FG buy FG grin grin grin ....Na dem ma Dem grin grin grin
Never knew you could talk. Wow

1 Like

Re: FG Sells 12.4 Billion Shares To CBN (Photos) by Nobody: 8:01pm On Sep 18, 2018
NothingDoMe:
Never knew you could talk. Wow

2 Likes

Re: FG Sells 12.4 Billion Shares To CBN (Photos) by NothingDoMe: 8:04pm On Sep 18, 2018
Fukafuka:
Mouth agape
Looool. U nor well.
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by chloride6: 8:09pm On Sep 18, 2018
iammo:
shame, they either sell our assets and holdings, or use it as collateral for ridiculous loans

Would you hush and be educated?

This is good move as it puts all monetary concerns under the purview of the CBN as should be.

3 Likes

Re: FG Sells 12.4 Billion Shares To CBN (Photos) by chloride6: 8:10pm On Sep 18, 2018
HAH:
Who owns CBN ? CBN and NSPMC all belong to FGN

The CBN doesn't belong to the FG.

1 Like

Re: FG Sells 12.4 Billion Shares To CBN (Photos) by kabillionaire(m): 8:14pm On Sep 18, 2018
Anything the Vice President is involved I believe it's for good, he's the only one with integrity in this administration.
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by Butterflyleo: 8:17pm On Sep 18, 2018
chloride6:


Would you hush and be educated?

This is good move as it puts all monetary concerns under the purview of the CBN as should be.

The person you quoted is waste of space. You have time o
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by fredd2: 8:32pm On Sep 18, 2018
who is FG and who is CBN
i guess una don de mad abi?

2 Likes

Re: FG Sells 12.4 Billion Shares To CBN (Photos) by Lifestone(m): 8:44pm On Sep 18, 2018
Jodaan:
This is how they will sell Nigeria
Read, abeg you please read
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by olajide8(m): 8:45pm On Sep 18, 2018
The printing and minting company has been comatose for a while, they only print nysc certificates - Imagine we have a minting company and we have to print our naira outside nigeria- doesn't this make more sense in place of printing outside nigeria? Well we are in the season of politics every step taken to better the country would be painted negatively- let the Cbn determine if the way it is run is the way it should be run- funniest thing is the West would just be looking at the stupidity of the masses - when they react to what the federal govt is doing to better their lives - black man black heart -
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by tizzle(m): 8:50pm On Sep 18, 2018
chrischukszy01:
Still waiting for the day I will wake up from sleep and found out that they have finally sold nigeria to the western world.

It's been sold already... Its just that you don't know

1 Like 1 Share

Re: FG Sells 12.4 Billion Shares To CBN (Photos) by tizzle(m): 8:53pm On Sep 18, 2018
chloride6:


The CBN doesn't belong to the FG.

But FG appoints CBN governor...

2 Likes

Re: FG Sells 12.4 Billion Shares To CBN (Photos) by tizzle(m): 8:54pm On Sep 18, 2018
Idrismusty97:
This is more like using your phone to charge your power bank and then using that power bank to charge the same phone.

Perfect illustration
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by chloride6: 8:59pm On Sep 18, 2018
tizzle:


But FG appoints CBN governor...

The President appoints the Governor.
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by delivryboy: 9:01pm On Sep 18, 2018
iammo:
shame, they either sell our assets and holdings, or use it as collateral for ridiculous loans
You just displayed extreme ignorance, please learn to read or ask questions if you do not understand a topic.
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by sonnie10: 9:02pm On Sep 18, 2018
Just like saying that the world is debt in trillions of dollars, and I ask; who does the world owe?
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by Nobody: 9:14pm On Sep 18, 2018
Fg selling to fg

1 Like

Re: FG Sells 12.4 Billion Shares To CBN (Photos) by Nobody: 9:22pm On Sep 18, 2018
sonnie10:
Just like saying that the world is debt in trillions of dollars, and I ask; who does the world owe?

The world contains continents, each containing series of countries.

Each of this country has its own wealth.. Through natural resources and its financial system.

The same way an individual can lend you money with its own interest rate and terms of conditions.

Is the same way countries do...

Haven't you read in the news lately that china (a country) loan Africa (a continent) 60+ billion dollar...

Also as an additional knowledge, any resource found within international boarder belongs to the United Nation... And these international bodies each generate money and lend to each other/countries
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by NwaNimo1(m): 9:24pm On Sep 18, 2018
HAH:
Who owns CBN ? CBN and NSPMC all belong to FGN

The Rosfchilds....
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by Vested(m): 9:24pm On Sep 18, 2018
bot101:
People that are saying FG bought FG should go read up how Central Banks are run. USA's Federal Reserve Bank (their equivalent of our CBN) is a public/private entity. I don't really know what this shares sale entails, and it's consequences, but the FG should have made an announcement before taking this course of action. N.a. so these people go take sell all of us ooo.

Good one...
People think Central Banks are owned by their Governments. They don't know that Central banks are very privileged private entities with great powers to drive economies the way they deem fit or profitable for their interests.
The FG just sold its assets in the Printing company to raise funds. I'm concerned that what it could raise was just a mere 17b naira from this sale.

4 Likes

Re: FG Sells 12.4 Billion Shares To CBN (Photos) by tizzle(m): 9:25pm On Sep 18, 2018
chloride6:


The President appoints the Governor.

The president is the FG na
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by HAH: 9:27pm On Sep 18, 2018
chloride6:


The CBN doesn't belong to the FG.
abeg educate me, who owns it ?
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by Nobody: 9:37pm On Sep 18, 2018
how does this put food on the common mans table.
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by Nobody: 9:37pm On Sep 18, 2018
how does this put food on the common mans table?
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by chloride6: 9:37pm On Sep 18, 2018
HAH:
abeg educate me, who owns it ?

The CBN is an independent body just like INEC. Nobody owns it.
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by HAH: 9:41pm On Sep 18, 2018
chloride6:


The CBN is an independent body just like INEC. Nobody owns it.
know the reason why we have items in concurrent and exclusive list, CBN is on exclusive list , same with inec, police army etc only FG can own them
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by chloride6: 9:48pm On Sep 18, 2018
HAH:
know the reason why we have items in concurrent and exclusive list, CBN is on exclusive list , same with inec, police army etc only FG can own them

The army is not owned. It is constitutionally created.
Re: FG Sells 12.4 Billion Shares To CBN (Photos) by Tedpgrass: 9:50pm On Sep 18, 2018
I'd like to know who holds the remaining 68.9% shares

Who are the majority shareholders??

And why was this done in a seemingly hush-hush manner, strategically now.


.

1 Like

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