₦airaland Forum

asha80:
Ifeanyi uba does not seem like someone that listens to advice though

investnow2013:
How can he? Is cement factory on exclusive list like Airport?

BuddahMonk:
The host community is behind Ibeto 100%, its their politicians, the governor and the assembly members in Abujja, they ganged up and started frustrating every move.

Nkalagu people are solidly behind Ibeto, let me get the link.

dailyindependentnig.com/2014/12/elechi-fumes-ibeto-begins-work-nigercem/

BuddahMonk:
We have so many ignorant people, they are just not politicians but hatefilled individuals that are just envious of someone's success.

Charity begins in East.

cjrane:
IBETO Cement should also consider investing in other African countries.

cjrane:
I hope he is able to have a factory to convert limestone into portland cement in Nigeria to sustain his well known brand "IBETO Cement"
For IBETO Cement to completely disappear and lose the entire eastern market to DANGOTE cement is really a painful scenario.

carnegiefan:
I don't know when our people will start thinking like you. I'm praying steadily for that day to come when they see the need to develop SEVERAL INTERNATIONAL AIRPORTS in SE. Without those international airports, our development will remain snail-paced.
As things stand today, SE needs at least THREE international airports. If I had the type of money these business men have, I would have built one with personal money. Then I'll wait for anybody to tell me not to operate it.

FKO81:
Anambra great sons and daughters should come home and invest, the should emulate Coscharis, Stella Oduah, Clem Nwankwo, Innoson etc.
This company is own by Ernest Azudialo, The owner of century power and Smile network

drey076:
Dat President Buhari will soon jail your corrupt otueke drunkard
A very backward Nigerian citizen
Some of you will certainly commit suicide b4 2023

LeOstrich:
Does this place look like a news room to you?

Besides did you not see the disclaimer at the bottom of this page?

Jarus:
It is so because Islamic preaching efforts are not as strong in Igboland. Imagine this: A neighbour that went to serve in Enugu state said when he was performing ablution, the kids around were watching him, amazed at what he was doing i.e they had never seen somebody do that before. When he mentioned Prophet Muhammad(PBUH) to them, they didn't know who he was. Their best guess was 'Murtala Mohammed, former president. That is how ignorant they are about the message of Islam.

Those that heard about Islam and converted got to know about Islam when they travelled to West/North or overseas. I know one Igboman that heard about and accepted Islam in Dubai. A very high ranking executive in my company from Delta state, for example, is a Muslim and he finished from the University of Liverpool. He converted to Islam(and converted his mother too). I think he learnt about Islam and accepted in UK.

erico2k2:
Did he remove ban on furniture?

atlwireles: 4:32pm
You are only sending them to the black market. More business for Mallams. angry End result is the increasing spread between the official and black market rates , making round tripping by banks a more lucrative business. You end up putting more pressure on the Naira

This is the change some were chanting. Yesterday was the lifting of textile and furniture ban.

Nigeria has entered one chance. Waiting for the reversal of the automobile policy.

[b]Very sad, we are slowing watching a 1980s policy template.

Nigeria tightens controls on foreign exchange

The Nigerian central bank has imposed new foreign exchange controls to try to stem the flow of dollars out of the country.
It means importers will not be able to get hard currency to buy a list of 40 items ranging from rice to cement.
The list includes Indian incense, plastic and rubber products, soap and even private jets.
It has also restricted access to the interbank currency market for the purchase of foreign currency bonds.
In April, the central bank limited the amount that Nigerians could spend on credit cards abroad.
The Nigerian currency, the naira, has plunged because of the fall in the oil price.
The central bank has spent $3.4bn propping it up since it fixed the exchange rate in February and tightened trading rules to curb speculation.
Black market
"We see this policy move as confirmation that foreign exchange supply remains extremely tight. But more worryingly, it suggests that the central bank remains reluctant to devalue the naira," said Yvonne Mhango, sub-Saharan Africa economist at Renaissance Capital.
The central bank has said in the past that devaluing the naira by allowing it to float freely on the currency markets is not an option.
The naira, which was trading at 198.50 to the dollar on the interbank market, was reported to be trading close to 220 on the black market in the commercial capital, Lagos, on Wednesday.
Analysts said the latest measures meant importers would increasingly turn to the black market to buy dollars.
Cobus de Hart of South Africa's NKC Africa Economics said: "The decision to, in effect, introduce additional capital controls does not bode well in relation to investor perception and may also adversely affect domestic business operations and costs."[/b]

egift:


@Bold: Just being polite.

Real Headline on vanguard: CBN bans rice, cement importers from forex market
The OP on NL: Buhari Bans Importation Of Rice, Cement

So how come you started attacking the competence of Buhari when the OP was clearly being mischievous with his manipulations? If you had read the post, you would have known.

anulaxad: whether the CBN or Buhari put a ban on them it is still an official decision not fake like others insisted.