FG Spends $380m To Defend Naira Over Two Days - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / FG Spends $380m To Defend Naira Over Two Days (727 Views)
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| FG Spends $380m To Defend Naira Over Two Days by RecruitmentMgr: 4:28pm On Feb 17, 2015 |
The Central Bank of Nigeria (CBN) spent $380 million in two days to prop up its ailing naira, after it conducting special forex interventions to shore up the local currency. Latest data on the CBN website on Tuesday showed that reserves fell to $32.66 billion by February 16, down 1.2 percent from $33.04 billion by Feb. 13. Click here to read more: http://businessdayonline.com/2015/02/fg-spends-380m-to-defend-naira-over-two-days/#.VONeNPnF-xU |
| Re: FG Spends $380m To Defend Naira Over Two Days by madridguy(m): 4:35pm On Feb 17, 2015 |
nice move. |
| Re: FG Spends $380m To Defend Naira Over Two Days by caselessogbuagu: 4:38pm On Feb 17, 2015 |
Oh my God! For how long can they continue to keep the naira on a 'life-support'(sic) with more dollar unabated? The future is bleak! 1 Like |
| Re: FG Spends $380m To Defend Naira Over Two Days by mikolo80: 4:56pm On Feb 17, 2015 |
Instead of providing tractors and factories.dumbassesss 1 Like 1 Share |
| Re: FG Spends $380m To Defend Naira Over Two Days by idupaul: 7:47pm On Feb 17, 2015 |
madridguy: What is nice about this ? Can't u see this is a cosmetic approach that would fade at the sight of heat |
| Re: FG Spends $380m To Defend Naira Over Two Days by atlwireles: 7:48pm On Feb 17, 2015 |
madridguy: Wrong move. |
| Re: FG Spends $380m To Defend Naira Over Two Days by Ilekeh(f): 7:53pm On Feb 17, 2015 |
I'm not surprised. They want to pack out our bank before they pack out of Aso-rock in March |
| Re: FG Spends $380m To Defend Naira Over Two Days by LRNZH(m): 8:14pm On Feb 17, 2015 |
Emefiele is not in the league of Soludo and Sanusi. The former CBN Gov's would have devised ingenious ways of withstanding the oil price shock. Emefiele's incompetence coupled with GEJ's corruption and non performance means the Naira is an orphaned currency. May 29th is too far to get rid of this nonsense of a govt. |
| Re: FG Spends $380m To Defend Naira Over Two Days by signz: 8:40pm On Feb 17, 2015 |
LRNZH: Let's not blame Emefiele, it's not his fault. The blame should be at the doorsteps of the political elites who refused to save during the time of plenty. If not for politics, Emefiele would've stop trying to support the naira. This election should just come and go so that we can go on with our lives  |
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