Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,152,248 members, 7,815,363 topics. Date: Thursday, 02 May 2024 at 11:19 AM |
Nairaland Forum / Nairaland / General / Politics / Nigeria Burns Foreign Reserves To Support Naira After 'Floating' - Bloomberg (281 Views)
Tinubu Orders Release Of Food Reserves To Boost Availability / Government To Release Food Items From Reserves To Crash Prices / Biden Bins Desperate Buhari As Nigeria Burns (2) (3) (4)
(1) (Go Down)
Nigeria Burns Foreign Reserves To Support Naira After 'Floating' - Bloomberg by FuglyGurl(f): 11:04am On Apr 17 |
Nigeria is burning through its foreign exchange reserves at a rate not seen in four years, raising concerns that the central bank is depleting its dollar holdings to support the naira after pledging it would allow the currency to float more freely. https://saharareporters.com/2024/04/16/nigeria-burns-through-foreign-reserves-support-naira-after-pledging-floating-currency 3 Likes 1 Share |
Re: Nigeria Burns Foreign Reserves To Support Naira After 'Floating' - Bloomberg by slivertongue: 11:07am On Apr 17 |
APC is a scam 3 Likes |
Re: Nigeria Burns Foreign Reserves To Support Naira After 'Floating' - Bloomberg by AqualinaXYZ: 11:08am On Apr 17 |
Foreign reserve go soon dry and dollar go pick raise to 5k Hold your dollar tight Tinubu na Olodo 5 Likes |
Re: Nigeria Burns Foreign Reserves To Support Naira After 'Floating' - Bloomberg by immortalcrown(m): 11:09am On Apr 17 |
APC said ₦216 per Dollar was too much. Therefore, no APC government is good unless the regime takes Naira below 260 per Dollar without taking the nation's foreign reserve below what the reserve was during the time of PDP. Praising the government when Naira is 216 per Dollar means praising stagnancy. Praising the government when Naira is above 216 per Dollar means praising backwardness. Call me anything you like. 3 Likes |
Re: Nigeria Burns Foreign Reserves To Support Naira After 'Floating' - Bloomberg by GanagiBitrus: 11:10am On Apr 17 |
Re: Nigeria Burns Foreign Reserves To Support Naira After 'Floating' - Bloomberg by fourboys: 11:18am On Apr 17 |
Next election I will insist on "No visa No Votes |
Re: Nigeria Burns Foreign Reserves To Support Naira After 'Floating' - Bloomberg by Racoon(m): 11:19am On Apr 17 |
Dollar they are criminally subsiding with the foreign reserve like the fraudulent fuel subsidy? Make them continue. Time for severe austerity measure will surely come. Nauseating government of lies and propaganda 4 Likes 1 Share |
Re: Nigeria Burns Foreign Reserves To Support Naira After 'Floating' - Bloomberg by Racoon(m): 11:27am On Apr 17 |
"...The FX reserves have fallen despite a surge of inflows into capital markets following 600 basis points of cumulative interest rate hikes in February and March, which increased the allure of Nigerian local debt. Foreign portfolio inflows exceeded $1 billion in February, bringing total receipts so far this year to at least $2.3 billion...." 2 Likes |
Re: Nigeria Burns Foreign Reserves To Support Naira After 'Floating' - Bloomberg by Whalis: 11:28am On Apr 17 |
Enemies of Nigeria sponsoring negative news on newspapers. That is why their mentor prefers seeking advice from madmen to them. 1 Like |
Re: Nigeria Burns Foreign Reserves To Support Naira After 'Floating' - Bloomberg by LagosFirstSon: 11:30am On Apr 17 |
Whalis:So Bloomberg is now enemies of Nigeria because they've exposed Tinubu ass of drying up our foreign reserves to audioly save the naira abi? Tinubu is incompetent we've said that many times.. 2 Likes |
Re: Nigeria Burns Foreign Reserves To Support Naira After 'Floating' - Bloomberg by Mynd44: 11:37am On Apr 17 |
(1)
I Rather Flog Myself Than Respond To Rape Accusation On My Brother: Reno Omokri / One Year Of Tinubu Is Worse Than 8yrs Of Buhari, See Evidence / #inauguration2015
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 17 |