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Nairaland Forum / Nairaland / General / Business / FX Reserves Now Below 6 Months Import Cover-Businessday (1497 Views)
External Reserves Hit Two-week Low As Naira Weakens / Buhari Endorses CBN’s Flexible FX Market Bid: BusinessDay / Nigeria, China Currency Swap Won’t Fix FX Demand Backlog-Businessday (2) (3) (4)
FX Reserves Now Below 6 Months Import Cover-Businessday by Adesiji77: 10:25pm On Jun 06, 2016 |
Central Bank of Nigeria (CBN)’s foreign exchange policies and ability to defend the naira face further squeeze as dollar reserves falls to about 4.4 months of import cover, below the international Monetary Fund (IMF) recommended six months, BusinessDay findings reveal.lalasticlala, dominique, Mynd44 http://businessdayonline.com/2016/06/fx-reserves-below-6-months-import-cover-put-cbns-naira-defense-at-risk/ |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by LoveMachine(m): 10:44pm On Jun 06, 2016 |
Bad news all day! 1 Like |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by Koolmak(m): 10:56pm On Jun 06, 2016 |
Yet, we are still diversifying by mouth. |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by chigoizie7(m): 11:17pm On Jun 06, 2016 |
Just 2more week of NDA actions, and from the look of things, IOC's are complying with their others on closing shops, led by the giant,SHELL. If they can hold it for the next 2 weeks, this nations economy will collapse, when I mean collapse, I mean, we can't even import one of the most important commodity (petroleum products). We all know the consequences. Naija I hail thee. 1 Like |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by kenny987(f): 11:18pm On Jun 06, 2016 |
Why won't it fall when they're using it to sponsor luxurious health tourism for our geriatric president, keeping his children in foreign schools and absolutely unnecessary wasteful trips abroad by d same president and not forgetting maintenance of the presidential fleet? Of course, owners of resources have decided to demand equity by force since dialogue has fallen flat on d literally deaf ears of Mr President and d northern oligarchs with few partners from d SW? That date with the truth is drawing close. APC Shebi dem say restructuring no be dis priority? Very soon it will be all they can do to even have a country to lead. Nonsense! 1 Like |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by Joel3(m): 11:19pm On Jun 06, 2016 |
we are in for it. and to think of it. 2019 is like 100 years. how did we get to this. the APC is yet to achieve anything? one million housing per year and one million job per year... 2 Likes |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by tuniski: 11:20pm On Jun 06, 2016 |
Koolmak:Truth is we were have always been a diversified economy. The largest non oil economy in Africa n middle east by GINI coefficient. However, this govt is technically shriking our diversification due to incoherent economic direction n policies. Buuhari/apc Scam ! 3 Likes |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by Almajiri1: 11:20pm On Jun 06, 2016 |
The zombies said we should give APC the 16 years we gave PDP. 3 Likes 1 Share |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by 989900: 11:31pm On Jun 06, 2016 |
The figures don't check. |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by obailala(m): 11:37pm On Jun 06, 2016 |
God help us |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by urbanmonk: 12:09am On Jun 07, 2016 |
Buhari's obsession is with Dasuki , he no dey hear all this one |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by MXrep: 12:23am On Jun 07, 2016 |
Why cant Lagos oil replace niger delta? |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by Maxymilliano(m): 2:35am On Jun 07, 2016 |
Like it or not we are now in it on the long- haul ... Not yet morning on creation day after all. |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by pacino26(m): 2:48am On Jun 07, 2016 |
I only pray to have received my consignment and have it clear customs before this all time low prediction becomes reality. |
Re: FX Reserves Now Below 6 Months Import Cover-Businessday by ayzTIGER: 4:12am On Jun 07, 2016 |
MXrep:Error... who lagos oil help 1 Like |
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