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Nairaland Forum / Nairaland / General / Politics / Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily (3496 Views)
Sanusi’s Sack As CBN Governor Still Affecting Nigeria’s Economy, Ex- Bank Chief / Foreign Reserve Has Risen By $2.89b In One Month Under Buhari – Emefiele / Coronation Of Sanusi Lamido As The 14th Emir Of Kano (Photos) (2) (3) (4)
Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Nobody: 5:50am On Aug 08, 2014 |
Since the FG sacked the controversial former CBN governor, Mallam Sanusi, followed by the appointment of a new CBN governor, the nation has witnessed a steady rise in the foreign reserve and excess crude account. In addition, the naira has been relatively stable. It will be recalled that before this period, the nation's foreign reserve and excess crude account was on a free fall. The foreign reserve fell from near $50 billion by end of 2012 to about $37 billion early this year. The excess crude account also fell from about $10 billion to a little above $3 billion within the same time frame. However, the kicking out of the ENEMY WITHIN the govt, Mallam Sanusi, and appointment of a new CBN governor reversed the downward trend in both indices. The nation's foreign reserve has now risen to almost $40 billion. In fact, Nigeria’s foreign exchange reserves rose by $1.436 billion to $39.333 billion between July 4, 2014, and August 5, 2014 representing an increase of 3.65 percent over $37.897 billion recorded in July this year. Foreign reserves rises by $1.4bn in 1month 19 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by bonechamberlain(m): 5:56am On Aug 08, 2014 |
hmm ok |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Nobody: 6:00am On Aug 08, 2014 |
Excess Crude Account Rises To $4.05 billion |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by lionduke(m): 6:15am On Aug 08, 2014 |
. |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Nobody: 6:17am On Aug 08, 2014 |
Ok! |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by ngona(f): 6:21am On Aug 08, 2014 |
All those shouting when that mallam was remove should see now that he was just ranting and not doing any good job as a CBN governor. He was know good news for this nation. No wonder people from some quarters called him the BOKO BOYS sponsor. 21 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by arewafederation: 6:22am On Aug 08, 2014 |
Everybody clap for Goodluck Jonathan 8 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by lyntiffany(f): 6:25am On Aug 08, 2014 |
ngona: All those shouting when that mallam was remove should see now that he was just ranting and not doing any good job as a CBN governor. He was know good news for this nation. No wonder people from some quarters called him the BOKO BOYS sponsor.Exactly my thought dear. 10 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by danderson(f): 6:28am On Aug 08, 2014 |
Funky Sanusi, you left monetary regulation for fiscal/political regulation againt ur govt. Seek now salvation! 5 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by collynzov5: 6:31am On Aug 08, 2014 |
I though the naysayers said the economy will crash because one inconsequential negro called Sanusi was kicjed out? 15 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Trut(m): 6:32am On Aug 08, 2014 |
GEJ took a bold step by suspending that guy called SLS. 11 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by eaglechild: 6:33am On Aug 08, 2014 |
So the mallam was clueless all along. 17 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by gunuvi(m): 6:34am On Aug 08, 2014 |
sanusi is a failure shikena 10 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Nobody: 6:46am On Aug 08, 2014 |
The Brilliant knew Sanusi was a fraudster all along. He has been stashing the stolen wealth in a foreign account and accusing the federal government of incompetence, and APC were fuelling the polity, hailing and backing him to cause more mayhem. I should keep saying this. APC is just bent on destroying the Goodluck administration with rumours, propaganda and all they've got!!! 22 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Nobody: 6:49am On Aug 08, 2014 |
Where is my gun? Why isn't this on front page? MODerator!!! 12 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Nobody: 6:51am On Aug 08, 2014 |
eaglechild: So the mallam was clueless all along.I think he allowed himself to be distracted by the PDP versus APC politics. He was more like an APC chieftain 9 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by mkpakanaodogwu(m): 6:51am On Aug 08, 2014 |
Sanusi squere page in a round hole 3 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Evergreeen123: 6:56am On Aug 08, 2014 |
Our foreign reserve and excess crude account has risen yet president jonathan wants to borrow a $ 1billion loan. 1 Like |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Trut(m): 6:57am On Aug 08, 2014 |
Evergreeen123: Our foreign reserve and excess crude account has risen yet president jonathan wants to borrow a $ 1billion loan.1 supporter of APC virus detected. 28 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Omexonomy: 6:59am On Aug 08, 2014 |
Some of the achievement of sanusi are stealing banks and selling it to friends. Giving jobs to only his gurlfriend and their sibblings spornsoring BH and buhari campaing. Paying N10billion to a nitwitt call el rufia for consultation fees. Koboko69 berem eggheaders how much did sanusi says is missing N10b N20b or N50b? 9 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Evergreeen123: 7:02am On Aug 08, 2014 |
Trut:You are brain dead. Our foreign reserve and excess crude account has risen - Good news So why the fvck do we have to borrow a $1 billion loan that will certainly come with harsh payback conditionalities 1 Like |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by EmmaOgbu(m): 7:05am On Aug 08, 2014 |
SLS wil be like
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Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Alishachris: 7:06am On Aug 08, 2014 |
[quote author=Sincere9gerian][/quote] you mean now you can now lie and manifacture figures like okonjo is doing? Economy is growing yet things keep getting harder for the poor! hlthe cost of living keep increasing! And if I hear that dollar has been relatively stable, I will paint your face with patrick sawyers ash! 4 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by iiichidodo: 7:07am On Aug 08, 2014 |
Ineptitude and incompetence on the part of sanusi almost depleted our reserves to bare bones with the resultant damage to the economy.....We dodged a bullet.... 6 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Evergreeen123: 7:10am On Aug 08, 2014 |
Alishachris:Dont mind that a55licker our economy is improving, our foreign reserve is rising yet goodluck jonathan still wants to borrow $ 1billion loan. Who dey deceive who? 2 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Eldavido1: 7:14am On Aug 08, 2014 |
Sincere9gerian: That's the point! He allowed himself to be distracted with politics. Instead of seeing a simple solution to the downward trend of the naira, he simply stock to defending the naira with the reserve with resultant depletion. It was the same mistake Sarah Alade continue with. Seems Emiefile will make a fine CBN chief. 1 Like |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Eldavido1: 7:20am On Aug 08, 2014 |
Evergreeen123: Dont mind that a55licker There is nothing wrong with borrowing as long as the money is use for what is meant for. As rich as the USA is, the have the highest debt in the world. And the still do borrow. We can only insist on the money being judiciously use. 2 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by fitzmayowa: 7:31am On Aug 08, 2014 |
Just asking...was sanusi responsible for the drop in excess reserve 1 Like |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by arewafederation: 7:48am On Aug 08, 2014 |
Evergreeen123: Our foreign reserve and excess crude account has risen yet president jonathan wants to borrow a $ 1billion loan. Very good question. Yeye de smell from this op. 4 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by dre247(m): 7:48am On Aug 08, 2014 |
At a some points I knew Sanusi was clueless and confused but he still did well in office. 1 Like |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Nobody: 7:49am On Aug 08, 2014 |
Eldavido1:Forget that guy. He is afflicted with heavy dose of ignorance 1 Like |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by dre247(m): 7:50am On Aug 08, 2014 |
At some point I knew Sanusi was clueless and confused but he still well in office |
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