Nigeria’s External Reserves Hit $45.98bn - Politics - Nairaland
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Nigeria’s Foreign Reserves Rise To $31.5 Billion / Nigeria To Devalue Naira As External Reserves Dwindle / External Reserves Hit $47bn (2) (3) (4)
| Nigeria’s External Reserves Hit $45.98bn by Nobody: 9:39pm On Feb 04, 2013 |
The nation’s external reserves reached a total of $45.98 billion on January 31. According to the latest data provided by the Central Bank of Nigeria (CBN), the new figure represented an increase of 2.84 per cent over the preceding figure of $45.91 billion published on January 30. The external reserves grew by 34.76 per cent in 2012 to over $44 billion and have continued the upward trend in 2013 as oil prices rise at the international market. However they fell below the Federal Government’s $50 billion target set for 2012. Meanwhile, the naira, on Friday, appreciated by 0.2 kobo or 0.12 per cent against the United States (US) dollar at interbank market, closing at N157.20 per dollar as against N157.40/$ on Wednesday, data from Financial Markets Dealers Association (FMDA) indicated. This development was attributed to the improvement on inflow of $69 million sales from oil firm. At the Bureau de Change (BDC) market segment, the naira went for N157 against the dollar. The apex bank sold $120 million at a foreign currency auction, on Wednesday, at N155.74, the lowest in three auctions. link: http://odili.net/news/source/2013/feb/4/608.html |
| Re: Nigeria’s External Reserves Hit $45.98bn by OmoTier1(m): 11:03pm On Feb 04, 2013 |
Still short of the $67bn though...  but a good one chance.... |
| Re: Nigeria’s External Reserves Hit $45.98bn by Nobody: 11:37pm On Feb 04, 2013 |
Omo_Tier1: Still short of the $67bn though... Lmao  . The $67bn has been spent in Nigeria. |
| Re: Nigeria’s External Reserves Hit $45.98bn by Nobody: 11:42pm On Feb 04, 2013 |
Omo_Tier1: Still short of the $67bn though... Our external reserves has never gone up more than 45 billion. If you have any data to buttress your claim, then show it. 4 Likes |
| Re: Nigeria’s External Reserves Hit $45.98bn by Clerverly: 11:59pm On Feb 04, 2013 |
A lady without conscience. Always defending this idiotic government  . I pity your......CFCfan: |
| Re: Nigeria’s External Reserves Hit $45.98bn by Nobody: 12:00am On Feb 05, 2013 |
J12: In the middle of 2008, Nigeria's foreign reserves were up to $60bn. |
| Re: Nigeria’s External Reserves Hit $45.98bn by Clerverly: 12:09am On Feb 05, 2013 |
CFCfan: The nation’s external reserves reached a total of $45.98 billion on January 31.How has this so-called foreign reserve helped in improving the living condition of the governed  . This government is very notorious in brandishing Oluwole kind-of-scrambled figures to hoodwink the masses. |
| Re: Nigeria’s External Reserves Hit $45.98bn by Nobody: 12:13am On Feb 05, 2013 |
Clerverly: Haha. Your concerns are valid though. The reserves haven't affected the price of foodstuffs in the market (especially garri ) |
| Re: Nigeria’s External Reserves Hit $45.98bn by takedat(m): 12:24am On Feb 05, 2013 |
Its not as if government did anything special, we've just been lucky that the prices of crude oil in the international market remains high and our production is relatively stable. The bottom line is how the reserve will not be squandered by a profligate government and thieving governors. 1 Like |
| Re: Nigeria’s External Reserves Hit $45.98bn by manny4life(m): 1:08am On Feb 05, 2013 |
J12: Actually it has. During the re class of the Naira where CBN had to fix the naira at N160, they used the reserve to buffer + when the Naira was losing against the $$$, CBN dipped into the reserve as well. That is why the reserve dropped significantly. 1 Like |
| Re: Nigeria’s External Reserves Hit $45.98bn by Nobody: 7:12am On Feb 05, 2013 |
manny4life: CFCfan: You're both right. |
| Re: Nigeria’s External Reserves Hit $45.98bn by Ikengawo: 8:02am On Feb 05, 2013 |
this is GEJ's 2015 election fund. Lets see where it's at the month of voting. |
| Re: Nigeria’s External Reserves Hit $45.98bn by Okijajuju1(m): 9:21am On Feb 05, 2013 |
[size=15pt]FRESH BREEZE 2015... [/size] In Joe we trust.. |
| Re: Nigeria’s External Reserves Hit $45.98bn by blackbeau1(f): 9:23am On Feb 05, 2013 |
So? They will still manage to deplete it by massive looting so,what difference does it make? Abegi,make I chop my cornflakes joor |
| Re: Nigeria’s External Reserves Hit $45.98bn by Pergrace: 9:34am On Feb 05, 2013 |
This money will make much sense if it's used to improve our country... I wonder when our govt will be proactive and accountable enough to make amends. |
| Re: Nigeria’s External Reserves Hit $45.98bn by Asis(m): 9:36am On Feb 05, 2013 |
Alrt |
| Re: Nigeria’s External Reserves Hit $45.98bn by Nobody: 9:39am On Feb 05, 2013 |
Wil that change the price of ijebu garri?__#sipin zobo drink |
| Re: Nigeria’s External Reserves Hit $45.98bn by Nobody: 9:40am On Feb 05, 2013 |
Hmm! Come to think of it, what if oby ezekwesili's data were not "factual" as claimed by maku. The truth is before we pitch our tent with the obj/oby's camp, we should ask ourselves why oby has not come out to tell us the source of her data. We shouldn't keep cheering all anti-GEJ even when we know their claim may be false. GEJ is a retard, slow-poke call him whatever you want, the fact is that his administration isn't as bad we we all paint it, there are some positivities in his numerous negativities. . . afterall YOU all voted for him 1 Like |
| Re: Nigeria’s External Reserves Hit $45.98bn by wasiudvd(m): 9:42am On Feb 05, 2013 |
What will happen to dis foreign reserve if dollar should crash? Dia is fear in China over her foreign reserve suffering from America's plan to crash dollar. And I know our foreign reserve too will suffer the same tin. I dn't even fink our leaders r ready to lead. |
| Re: Nigeria’s External Reserves Hit $45.98bn by CLIQBOY(m): 9:46am On Feb 05, 2013 |
Bill gates still rich pass naija..so we neva try reach |
| Re: Nigeria’s External Reserves Hit $45.98bn by Nobody: 9:55am On Feb 05, 2013 |
GEJ is working....where're the haters? |
| Re: Nigeria’s External Reserves Hit $45.98bn by aglomar: 10:00am On Feb 05, 2013 |
Who is lying? Ezekwesili said they (GEJ) have depleted the reserves. Any way we can't verify the claims of the government, they just come and quote any figure for us! |
| Re: Nigeria’s External Reserves Hit $45.98bn by dady12: 10:58am On Feb 05, 2013 |
who are this govt fooling?they want to tell nigerians that ezekwesili is wrong after exposing how they are mismanaging and lack of growth in our foreign reserve,anybody can come out and quote figures to the masses,if they know that their information is reliable and they are telling nigerians the truth,why are they not been pulblishing this ,atleast every 3 to 4 months interval,this is politics and it is just to deceive the masses |
| Re: Nigeria’s External Reserves Hit $45.98bn by Nobody: 11:04am On Feb 05, 2013 |
We of the FRESH AIR CREW wish to Thank the President and the Entire Executive Council for such improvements in all sectors; Foreign Reserves, Airports, Electricity etc. 1 Like |
| Re: Nigeria’s External Reserves Hit $45.98bn by playboy19(m): 11:29am On Feb 05, 2013 |
Increase my arss, are we all talking about one of the accounts which the fat lips minister of finance said was virtual? Or the one that, almajiri CBN president said wasn't with the CBN? Or the one NNPC said was 'technical'? These idiiots just shun out numbers anyhow with the actual money not being present anywhere or in no form. |
| Re: Nigeria’s External Reserves Hit $45.98bn by CyberG: 11:37am On Feb 05, 2013 |
Wetin increase? Money that the retardeen and bastardo governments did not work with their brains and hands to make? Just go to another man's farm, carry some maize and sell it?? All the money will be eventually looted by the retardeens and his PDP gang sooner than later. Silly country of retardeenic leaders! |
| Re: Nigeria’s External Reserves Hit $45.98bn by wasiudvd(m): 11:44am On Feb 05, 2013 |
Billyonaire: We of the FRESH AIR CREW wish to Thank the President and the Entire Executive Council for such improvements in all sectors; Foreign Reserves, Airports, Electricity etc. U no go sharraap? Improvement in electricity ko, electrivillage ni. Mtcheew! |
| Re: Nigeria’s External Reserves Hit $45.98bn by greaterlove(m): 11:45am On Feb 05, 2013 |
Okija_juju: [size=15pt]FRESH BREEZE 2015... [/size]Where have u been? I hail o. |
| Re: Nigeria’s External Reserves Hit $45.98bn by Capnd143(m): 11:48am On Feb 05, 2013 |
I said GEJ is untop of the situation, but no one would listen! All elephant enemies of nigeria shall be eaten by the eagles! whoever said Gej is not trying is a slowpoke! Long live the federal republic of nigeria long live the president *short live corrupt leaders God bless Nigeria!! |
| Re: Nigeria’s External Reserves Hit $45.98bn by tomakint: 11:52am On Feb 05, 2013 |
....and Jonathan is not working so says 'haters' , no matter what you do in life haters will still hate  Well-done Jonathan, you are coming back come 2015! |
| Re: Nigeria’s External Reserves Hit $45.98bn by ISBLIAC(m): 12:02pm On Feb 05, 2013 |
black_beau: So? They will still manage to deplete it by massive looting so,what difference does it make? Abegi,make I chop my cornflakes joorna who u dey form for u wan chop garri u dey call am cornflakes abegiiii |
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