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Nairaland Forum / Nairaland / General / Politics / Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End (18467 Views)
Nigeria Leads South Africa In Foreign Reserves / Nigeria’s Foreign Reserves Hit $47 Billion - Surpass That Of South Africa by $4b / External Reserves Rise Further, Now $25.4bn (2) (3) (4)
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Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Sunmolar(m): 2:45pm On Feb 13, 2017 |
Keep raising your stakes in other to attract investors. But I think it's better to borrow the equivalence of the FX to safeguarding the economy from resetting to a default. |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by chibuzorAbia: 2:46pm On Feb 13, 2017 |
Kx: You people are just so stupid. We have several rates because of plenty of idiots in our society. If you really have to import nonsense to the country, source for your own dollar. Is that too much to ask? 8 Likes 1 Share |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Nobody: 2:46pm On Feb 13, 2017 |
AND THEY WANT TO BORROW TO FUND BUDGET..MAKE THEM PARK WELL JARE..WITH THEIR VOODOO ECONOMICS 3 Likes |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Adminisher: 2:46pm On Feb 13, 2017 |
me69: No sir. People will re-engineer and Innovate and invent to look for alternatives to forex.They will sell unproductive assets, start being efficient. 7 Likes |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by DozieInc(m): 2:46pm On Feb 13, 2017 |
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Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by chibuzorAbia: 2:47pm On Feb 13, 2017 |
Sunmolar: Borrow from whom? And repay the borrowed dollar from what? 3 Likes |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by jconsulting(f): 2:47pm On Feb 13, 2017 |
God Bless Buhari and God Bless Nigeria .........only those that understood this will appreciate it 2 Likes |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by seguno2: 2:47pm On Feb 13, 2017 |
Yes and recession rises by 50%? Is this the change we chanted and danced for? We have been duped by Buhari, Tinubu and APC. 1 Like |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Saifullah01: 2:47pm On Feb 13, 2017 |
https://www.youtube.com/watch?v=CwidU88SNKI A strong FR will bring back liquidity check the speculators who thrive on other people's anxiety and restore foreign investors confidence in the economy. But then if you don't still understand then it's non of my business, finish school first. 1 Like |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Nobody: 2:47pm On Feb 13, 2017 |
Adminisher: What point have you made? Where is the philosophy in this statement? Waste of space 1 Like |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Standing5(m): 2:49pm On Feb 13, 2017 |
me69:Everything u wrote depends on how much the govt/cbn decides to sell. If they try to impress the populace by making forex rate low then the BDCs win, otherwise life goes on. 3 Likes |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by kabrud: 2:49pm On Feb 13, 2017 |
AnonyNymous: Who told u there is nothing to show for it? Was rice not cheap? I mean, we used #51trillion to subsidise rice. . Children of 8 are coming for u. 2 Likes |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Standing5(m): 2:50pm On Feb 13, 2017 |
theophorus:Rising fx reserve is a good thing. |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by seguno2: 2:50pm On Feb 13, 2017 |
kunlexyfred: ......and Buratai's multi million dollar mansions in Dubai? |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by michoim(m): 2:50pm On Feb 13, 2017 |
Where is prof. Pat Utomi and the senator Ben Bruce that have been making noises that the FG policies are wrong? PMB have now proved them wrong that applying theoretical knowledge alone from Cambridge or Oxford universities, is not enough to provide good leadership. Where are the satanic Fayoses, FFK etc? 5 Likes 1 Share |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by louqas: 2:51pm On Feb 13, 2017 |
Keneking: Shut up ignoramus you want to school abroad? Source for your dollars abi you want poor Nigerians to subsidize dollar for your foreign education? All those that don't want this government to succeed will start committing suicide one by one soon when the policies of this government start yielding result. 6 Likes 1 Share |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by AntiWailer: 2:51pm On Feb 13, 2017 |
Keneking: Same mindset that sent Jonathan to Otuoke. Chop chop chop Food food food. Hunger hunger. No plan for the future. 3 Likes 1 Share |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Standing5(m): 2:52pm On Feb 13, 2017 |
chibuzorAbia:People like to act like govt rape their mother. They think say gov na them fada. 2 Likes 1 Share |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Whynotthetruth(m): 2:52pm On Feb 13, 2017 |
AnonyNymous: 1)Can you ever comment without mentioning Jonathan? 2)How much debt do Nigeria have now under Buhari and what's the justification for them? 3)Increased reserve now is a product of increased output and high price of crude not any special policy or plan or action of this government... |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by seguno2: 2:53pm On Feb 13, 2017 |
theophorus: Do you mean development? Did you say that you are an economist? From where please? |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Evergreenc: 2:54pm On Feb 13, 2017 |
OK! |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Whynotthetruth(m): 2:54pm On Feb 13, 2017 |
louqas: And you called someone ignoramus? How do you subsidize his dollar request? 1 Like |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Nobody: 2:56pm On Feb 13, 2017 |
No serious country is inrested in doing bussiness with Nigeria anymore with its 11 forex rates and its horrible business environment..Emelife's stronghjead is the main reason Naira is tissue paper,according to Bloomberg 2016 "he stuck to his foreign-exchange restrictions that have led to capital flight, curbed output in the continent’s largest economy and led to the naira dropping to a record low on the black market. That is set to deepen the crisis for an economy that grew at its slowest pace in 16 years in 2015, is facing inflation of 10% and a record budget deficit to pay government salaries and build roads and power plants. The currency controls have knocked investor confidence, with foreign inflows dropping by 32% last year, the Nigerian Stock Exchange said in a report on it’s website on December 19." He should stop playing to the gallery when this administration is over we will know the full effect that damage Buhari and his gang of medicores inflicted onto us |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by pheesayor(m): 2:56pm On Feb 13, 2017 |
students are not even waiting anymore, my sister had to source from the black market for her school fees Keneking: |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by wristbangle: 2:57pm On Feb 13, 2017 |
Good development but the issue of multiple exchange rates need to be addressed ASAP. |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by AdonaiRoofing(m): 2:58pm On Feb 13, 2017 |
Foreign reserves going up, while the standard of living of the people is going down by the day... What an irony! Contact us for all your roofing jobs and roof maintenance etc 1 Like 1 Share |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by olumohkz(m): 2:59pm On Feb 13, 2017 |
When our foreign reserves was on $32bn in 2015 the exchange rate was N220 /$ .Let us see if $1 can now be equal to N1. |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Whynotthetruth(m): 3:01pm On Feb 13, 2017 |
Standing5: smh...can government sell to BDC above government pegged official rate 1 Like |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Justpraiz: 3:01pm On Feb 13, 2017 |
incognita:not sure about that ooo |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Whynotthetruth(m): 3:02pm On Feb 13, 2017 |
wristbangle: Which one is multiple forex traders? |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by 989900: 3:02pm On Feb 13, 2017 |
#Prosandcons #balancingact #cbnfails #cbnisdishonest |
Re: Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End by Onechancearmy(m): 3:03pm On Feb 13, 2017 |
NgeneUkwenu: See your DP like hippopotamus... |
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