kaboninc:


You never jam client.

They are not scammer and they would also be overwhelmed with the challenges that even you will just have to continue living. And allow thing unfold.

Na when you get experience you go know.

kaboninc:


You never jam client.

They are not scammer and they would also be overwhelmed with the challenges that even you will just have to continue living. And allow thing unfold.

Na when you get experience you go know.

HAH:
as at today due to relative peace in the ND, we export 2.1million barrels in a day and oil sells for averagely $55 per barrel, that means $115M is made daily, now deduct JV of about 40%, tha means Nigeria earns about $70m daily therefore we make about $420m weekly from oil, if I were the government I will pump $200M into the economy and live $220 int the reserves

So my brother your worry should be political will, but not sustainability cos is very sustainable as long as oil is relatively high and there is peace in the land

Laconic1:
Last week we saw one of the greatest drop in the value of the dollar with a sharp gain of the naira in the black market. How was this achieved. Who made this happen. Who is the smart ass.
Anyway this move made a lot of people poorer i.e currency speculators who kept buying the dollar putting a demand on the dollar while the naira suffered from low demand till it hit the high of 2016 and just then the CBN intervention came in with a mad flood of much more dollars and the mopping up of naira so that there was a scarcity of naira.
And wholla the dollar came crashing down while the more the naira was mopped out of the system.

This brilliant intervention means the CBN is using our reserves to fight the dollar war
How sustainable is this ....will the CBN be willing to continue this.

As a forex trader with 10years experience I watched with my mouth open as it happened and shook my head as the internet was glowing with news how osinbanjo is the man
How he tamed the dollar in one swing of the magic wand.I saw panic selling going on as many turned in thier dollar. While smart investors bought all these dollars for keeps.
Now the dollar fall has stopped
Why did it stop
I thought it will fall for ever as we are made to believe.
Just yesterday while watching ARISE TV the news came out of the economy contracting by -1.4% for the first time in 20years.
Meaning for the first time in 20years the economy stopped growing
Now the real bad news was from the PMI ( producers manufacturing index) saying it fell
What does this mean
It mean the real people who needs the dollars are not getting it
But osinbanjo gave dollars for school fees payment
While the manufacturers who need dollars are not getting it

Even the economy according to the news saw major improvement from the oil sector because militants have stopped bombing
So the non oil sector fell even the most holy agriculture.

Osinbanjo has stated in the last FED meeting he favours a devaluation of the naira.
Right now the naira is 405naira to 1 dollar
Let's assume he goes ahead to devalue to let's say 20 basic points
That would be 425naira to 1 dollar
Now imagine what the black market will do
We will be looking at 550-600naira to 1 dollar
Already JP Morgan is worried that Nigeria is not attracting FDIs ( foreign direct investments)
What does that leave us
It leaves us with an economy that will keep shrinking and a dollar war we can't win as fear will make more people demand for dollars as naira will keep falling.
My advice to you
Keep buying the dollar for keeps
Keep your bulk money in dollars
The trip to hell is about to get nasty
God save our soul

Ppresh2017:
5,000$ available on gtbank domiciliary account. Who need it at 420/$. Dom to Dom transfer ONLY.

ladyF:


3241

daywalker12911:

I don't know about your bank but in mine it's 100% free and fair.

Hondipodina:
Our newly update price-list for birds

broiler = N210 (quality ones from chi, amo, zartech,agrited, farm support, rto etc)
broiler = N200 ( plain carton)
pullet = N210
Local turkey = N650
foreign turkey = N1800
white cockrel = N30
black cockrel = N110
brown cockerel = N100
4 weeks white cockerel = N200
4 weeks black cockerel = N300
4 weeks broiler = N500
6 weeks turkey = N1500
6 weeks foreign turkey = N4500
8 weeks turkey = N1800
15 weeks point of lay pullets = N1300
7 months point of lay turkey = N4600

Contact: 07053349495 and 08067444144
whatsapp:07053349495

What you book from us, is what you get from us

Contact us for all your day old chick boxes: white or brown ,plain or printed 08157691854
And your desire is our satisfaction

agarawu23:
475/$ ? Contact me 08180 257828

samuel25:

I quite appreciate ur work, well done. Pls do u know any processing plant in any part of Oyo state?

JoyceMeyersFan:
I need to start a business before the end of the year. I don't want anything I will sit in the shop and sell one by one. I need something I could sell to resellers. Please let's chat if you have anything you can supply me (also with the hope that I can pay in installments).

kaboninc:


If you do have and US - US, we can talk about the deal.

jjman2322:
Ok i feel like its time for me to come in with some much needed clarifications..

We are in the manufacturing business (medicine), and we have been hit hard, probably lost around $500,000 this year..
Let me explain:


#1. First of all, NO MACHINERY can be made locally. We use high end machines that cost $100,000's that are only made in China & India.. Has Nigeria even managed to make a TV, talkless of heavy duty machines..

#2. Raw materials for our pharmaceutical production are 100% imported. To make ampicillin capsule you need ampicillin powder. To make amoxicillin capsule, you need amoxicillin powder, etc. These powders are not made in Nigeria. Heck, there are only a few of these factories in the whole world. The factory to make ampicillin would cost tens of millions of dollars, and you wouldnt be able to compete with Chinese prices.

#3. Let me get to how manufacturers source forex. For Machine,raw material imports, you either get funds by :

a. BILL FOR COLLECTION (Where the supplier ships the machine/raw materials to us, and we submit documents to CBN to pay them dollars),
b. LETTER OF CREDIT (Where CBN deducts or naira, and send dollars to the supplier's bank in advance.)

#4. We have dozens of BILLS FOR COLLECTIONS pending across all banks in Nigeria. Basically what this means is that for example a supplier sent a container of ampicillin powder, value of say $250,000, we used the goods and submitted the document to our bank.
Five months later the bank is yet to give us any dollar. We now had to resort to buying black market at N450 for goods that have been used and sold thinking that we were going to get dollar @ 310.

Let me explain this again, lets say for ampicillin capsule you need 1kg of powder per packet. In january you use

1kg of powder X $30/kg = $30. (Multiply this by 310 and you get N9,300). You go ahead and sell this packet in the market for N12,000 for a nice profit of almost N3000. BUT WAIT!!

The official funds never come from your bank, your supplier needs payment so he can continue shipping, otherwise your business closes down. You now go to black market and buy the $30 (@ N450 rate = 13,500). You have just lost N1,500.

Now I just gave you a small example. Multiply this 1kg by 20,000 tons, and now you can see how manufacturers have lost money and closed down. We also had to fire dozens of people just to keep costs down.

What people dont know is that the dollars are NOT enough.. For every $1,000 needed by manufacturers, the CBN has only $100 to give.

Want to know the worst thing? That sample ampicillin packet example I gave you is being imported by some people straight from China. They are importing the finished product, and finished products have no duty.

So basically if you import the raw material as a manufacturer, some of the materials have duty up to 40%, meanwhile if you just have it made in China you bring it in duty free.

Want to know the funniest thing? Many of these importers have connections/bribe top bank officials so that same ampicillin you sold for N13,000 is being sold by N10,000 because they got their funds @ 310.

Please ask any questions if you guys have, but this country has some of the worst policies I've ever seen.

The fact that manufacturers have to buy black market, coupled with the fact its much cheaper to just import the finished product is ridiculous.. More companies are going to close.. We are making essential medicines yet we are almost closing, I can only imagine how other industries are doing..

mukende:
I have an offer to buy $100,000 usd at a good rate. The seller wants to transfer to my dom and I pay naira to her Nigerian account. But she is asking that I transfer first before she wires to mine.
That sounds too risky and I can't do that. Mind, I don't know the seller from Adam though I got the intro from a banker I've worked with a couple of times.
My question is, what are the available options to go about this transaction in a safe way, without being scammed considering the fact that she is not also ready to transfer first? Please advice.

mukende:
I have an offer to buy $100,000 usd at a good rate. The seller wants to transfer to my dom and I pay naira to her Nigerian account. But she is asking that I transfer first before she wires to mine.
That sounds too risky and I can't do that. Mind, I don't know the seller from Adam though I got the intro from a banker I've worked with a couple of times.
My question is, what are the available options to go about this transaction in a safe way, without being scammed considering the fact that she is not also ready to transfer first? Please advice.

HAH:

Thank you very much, the bakery is in kaduna, am going to buy two buses for distribution, I will very happy if you will guide me on somethings I may find difficulty in as a new entrant,
I have just received my trademark acceptance next is nafdac but everything is ready apart from the buses and ingredients.

HAH:
Hello
I have almost completed the construction of my bakery, I want to have an idea how much are the staff paid? Should I make it commission based or salary based? I want to give them a competitive pay.
Thank you

seyibal20:
Ok...... So many fake sellers and so many middle men. Everybody just wants to get paid. I honestly do have access to $20,000 and it's selling for 300. Honest buyer; honest transaction. Holla !!!

BitterTruthUass:
Haha no I'm ok, my service is a mediator so I find who wants to buy and who wants to sell. I actually bought over $2000 at d rate of N206 last month solid cash.
Any rate is possible to buy usd, I have access to buying usd cash anytime at 250 for any amount.