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Nigeria’s External Reserves Hit $40.4bn / External Reserves Drop For First Time Since December / External Reserves Hit Three Month High Near $25bn (2) (3) (4)
External Reserves Drop To $24bn by basilo101: 9:59pm On Sep 22, 2016 |
Oyetunji Abioye The country’s external reserves have depleted further to a record-low of $24.8bn, according to the latest data posted on the Central Bank of Nigeria’s website. http://punchng.com/external-reserves-drop-24bn/ 2 Shares
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Re: External Reserves Drop To $24bn by Jokerman(m): 10:47pm On Sep 22, 2016 |
Why is it decreasing? ? Have workers salary been increased? ? Are there new infrastructures? ? Have dey increased alawee?? 16 Likes |
Re: External Reserves Drop To $24bn by kenny987(f): 11:02pm On Sep 22, 2016 |
Just keeping it short n sweet...it's d fault of the previous administration and PDP, dazall! That is all we'll hear if we demand an accounting. 35 Likes 1 Share |
Re: External Reserves Drop To $24bn by yanabasee(m): 11:23pm On Sep 22, 2016 |
Jokerman: It decreased because our reserved asset is in form of dollars in the CBN coffer.... When the dollar depreciates so will the external reserve... And in all.. It's virtually due to Buhari's poor economic policies and emefiele's absurd and ludicrous monetary policies... 8 Likes |
Re: External Reserves Drop To $24bn by eunisam: 11:32pm On Sep 22, 2016 |
they should bring home this $ 24bn reserve and share it to every single Nigerian equally.stop reserving when we are starving. 13 Likes |
Re: External Reserves Drop To $24bn by Standing5(m): 11:46pm On Sep 22, 2016 |
I laugh in Naira defence. Nigerians produce next to nothing in terms of quantity and quality so we can't earn dollar forex to satisfy our unquenchable apetite for foreign goods. The habit of flooding fx market with cheap dollar by CBN in a bid to keep its price down A.K.A. Defending the Naira isn't sustainable any longer as petrodollar isn't flowing in in excess for now. Nigerians should start thinking of alternative exports. 10 Likes |
Re: External Reserves Drop To $24bn by Standing5(m): 11:48pm On Sep 22, 2016 |
eunisam:If the money can be shared why has govt been borrowing then? |
Re: External Reserves Drop To $24bn by EternalTruths: 12:38am On Sep 23, 2016 |
This is what Emefiele is trying to prevent unknown to Kemi Reduce interest rate and see our FOREX reserve vanish or become $1$ = #1000 Blueto Drss2 Donxavi Sukkot Uduak2016 Bolustic Vedaxcool Ahmed3rdjuly Nextprince Onfu1968 Helovesme Atirolu iambrafia231 Image123 Rotentina Nalikedis Goke7 Aristo3146 Eph12 MosesNG Chukzyfcb Shym3xx Jack01 Jackol Olibee Onatisi Firefire Tonyebarcanista Abagworo Rose2014 Pazienza Chukwudi44 Yujin Blackseptember Dearpreye Noblezone Mizmycoli Phockphockman Anonimi CSTR2 Freeglobe Etc 3 Likes 1 Share |
Re: External Reserves Drop To $24bn by EternalTruths: 12:43am On Sep 23, 2016 |
Standing5: Nigerians are paying dearly for not taking technological education serious. A nation that imports all her mobile phones and electronic gadgets will always end up like Greece. Shym3xx hope you understand now. Pls read my 2 mentions of you in the other thread I created. 3 Likes |
Re: External Reserves Drop To $24bn by tuniski: 1:44am On Sep 23, 2016 |
EternalTruths:When America went into recession it was because of what? Having reserve in itself doesn't guarantee economic performance. 4 Likes |
Re: External Reserves Drop To $24bn by WhoRUDeceiving: 2:07am On Sep 23, 2016 |
EternalTruths: Even Greece is better. Nigeria was created for the benefit of English children and great grand children and you see the results of what has happened. Any challenge to that (aka Biafra, MEND, etc) is quickly labeled a threat and the propaganda for 1 Nigeria continues so bankers in the West can chop. Its only we African nations that continue to buy into the fake hype and complain year in year out about the obvious. I know people know the right thing, but if it doesn't benefit your people, you will refuse it. 7 Likes |
Re: External Reserves Drop To $24bn by EternalTruths: 2:55am On Sep 23, 2016 |
tuniski: Do you know how many companies left US for China.? Do you know that fewer and fewer Americans are technologically empowered.? Why do you think Americans complain of job security.? Technological empowerment remains the key to addressing economic crisis. 3 Likes |
Re: External Reserves Drop To $24bn by ivandragon: 3:34am On Sep 23, 2016 |
I always maintain that foreign reserves balance is seriously overrated, its important, but overrated. the west has conditioned us to believe that the more money we save WITH them, the better for our economy. as mighty as the US economy is, it has less than $300m in reserve. the main challenge Nigeria has with development is the way it is structured geopolitically & economically. as long as states are not fully empowered to harness their own resources & bear responsibilities for income generation & development, they will continue to depend on free handouts from FG. 4 Likes |
Re: External Reserves Drop To $24bn by Standing5(m): 4:20am On Sep 23, 2016 |
ivandragon:Copy n Paste mentality. I hate when people consult textbook like oracle. |
Re: External Reserves Drop To $24bn by Boleyndynasty2(f): 5:12am On Sep 23, 2016 |
Jokerman:my dear ask them oh..this country Yaff tired me 1 Like |
Re: External Reserves Drop To $24bn by Nobody: 6:21am On Sep 23, 2016 |
The Problem is our imports surpasses our exports now than before, I remember when Jonathan was the president, he made effective pro-people policies that ensure farming goods were abundantly produced, so they were able to raise the Nigerian exports. I believe there is no country that is independent, even China, they also import, but the problem is allowing imports to surpass exports. As a result of the contraction, foreign firms have liquidized, so they need forex to move their liquid capital out of the nation. Did you read the news of how MTN moved about $12b out of Nigeria? where did they source the simoleon from? And also, foreign investors are now deterred of investing because if the harsh business environment, poor infrastructure, lack of basic amenities, multiple taxations, unfavorable forex policies and so on. they now resorts to buying bonds instead of making investments thay will see them inject more to the FX reserves. This admimistration needs more people like Emefiele, thank God Buhari didn't sack him, like he did to some other technocrats that GEJ appointed. EternalTruths: 6 Likes 1 Share |
Re: External Reserves Drop To $24bn by Nobody: 6:26am On Sep 23, 2016 |
Standing5:There was a post I made before and I would like people like you to see it. blueto: 3 Likes
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Re: External Reserves Drop To $24bn by ivandragon: 6:59am On Sep 23, 2016 |
Standing5: you are seriously mentally challenged... do you think everyone is like you that waits to be fed with propaganda & then come to spew rubbish here? by the way, what do you consult? so you come here writing junk you do not even know about? 6 Likes |
Re: External Reserves Drop To $24bn by AZeD1(m): 7:22am On Sep 23, 2016 |
EternalTruths:You keep beating around the bush without making sense. China improved because it closed it borders to imports. A Chinese man gets a loan at less than 5% to produce his goods and you want a Nigerian to compete with an interest rate greater than 20%? How is that possible?. You basic economic knowledge is lacking. 4 Likes |
Re: External Reserves Drop To $24bn by geostrata(m): 8:51am On Sep 23, 2016 |
[size=16pt]$1000 Payoneer[/size] fund urgently needed [size=16pt]@360/$[/size] contact me on whatsapp :::> 08185436277 |
Re: External Reserves Drop To $24bn by Neimar: 8:52am On Sep 23, 2016 |
free fall under buhari 1 Like |
Re: External Reserves Drop To $24bn by Lukmann1: 8:52am On Sep 23, 2016 |
today it will dropped, tomorrow it rised...What are we now believed in? |
Re: External Reserves Drop To $24bn by bigtt76(f): 8:52am On Sep 23, 2016 |
This thing be dropping everyday yet we don't see what they're using it for. We can't even get to buy sef WTF is wrong with this country naaaaa? Haba! |
Re: External Reserves Drop To $24bn by Flexherbal(m): 8:53am On Sep 23, 2016 |
All is not well oooo! 2 Likes |
Re: External Reserves Drop To $24bn by MadCow1: 8:53am On Sep 23, 2016 |
Jokerman: Because we used it to bail out useless states like Ekiti State. |
Re: External Reserves Drop To $24bn by AntiWailer: 8:55am On Sep 23, 2016 |
What do we expect? |
Re: External Reserves Drop To $24bn by kaen1317: 8:59am On Sep 23, 2016 |
Nigeria is almost downright broke. No wonder government was pampering Mark Zucker when he came. Mark Zucker is richer than Nigeria 1 Like |
Re: External Reserves Drop To $24bn by kidman96(m): 9:02am On Sep 23, 2016 |
Hmm |
Re: External Reserves Drop To $24bn by houseofphreedah: 9:04am On Sep 23, 2016 |
. |
Re: External Reserves Drop To $24bn by kdfinest(m): 9:05am On Sep 23, 2016 |
basilo101:hmm how do you expect to see high yield of reserve when there isn't any tangible source of revenue and moreso the nation is headed by clueless goons that seems blaming is there primary function. 1 Like |
Re: External Reserves Drop To $24bn by kdfinest(m): 9:06am On Sep 23, 2016 |
basilo101:hmm how do you expect to see high yield of reserve when there isn't any tangible source of revenue and moreso the nation is headed by clueless goons that seems blaming is there primary function.. 2 Likes |
Re: External Reserves Drop To $24bn by sucess001(m): 9:12am On Sep 23, 2016 |
bigtt76: as in ehn...they took away subsidy o...yet the reserves has dropped by 4-5 billion since they took over...something's not right with this govt... 1 Like |
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