olatunjithomas:
in short, op is trying to say
who forex don eep?
over to the wise ones

Flexherbal:
Anybody that loots the money meant for Nigerians is an enemy.

Dcomrade:


You don't stall economy to fight corruption. What % of the populace are corrupt & what % are affected by the braggado of fighting corruption?

baby124:
Economies thrive on trade with other economies. The trading currency with countries that can actually boost an economy is the western currency's. We are talking about dollars and pounds or euro's. Even Most non western countries prefer to trade with stable currencies to hedge FX risk. This is why dollar, pound and euro are again important. Who will want to arrange for trade in Naira when naira can fall by 200 points tomorrow and the trading partner may be at a loss depending on what is being traded. I hope you get the general idea in lay man's terms.

ShinnBet:


He is fighting corruption and can't see the likes of Amaech, Fashola, Fayemi and Tinubu and still goes on to take their corrupt loot without questioning the source.


Abeg forget the hypocrite Buhari

Only a fool will believe this duara scammer


Here is a man who has never honored any public inquiry into his administration of public funds.

He was the pioneering minister of petroleum in the 70's where $4bn disappeared into thing air.

He never bothered to attend the Senate commission setup to investigate the missing NNPC funds. But today he is talking trash about phantom looted NNPC funds.

He allocate refused to attend a board of inquiry setup by Obasanjo to probe PTF funds disbursed to him under the Abacha regime.

And today he has the audacity to point fingers at others being corrupt.

I just feel highly disgusted when I watch the duara goat talking corruption whenever hour goes abroad knowing fully well that his hosts are aware of his checkered corrupt past.

The man is by far a hypocrite and thief of the worst kind.

His anti corruption war is meant to silence opposition and nothing more.

SamuelAnyawu:
OP you asked a question and you are politicising it immediately. Nawa

A rhetorical question is a figure of speech in the form of a question that is asked to make a point rather than to elicit an answer.

Proudlyngwa:
Your economy is measured by 'Excess Reserves'
Financial firms that carry excess reserves have an extra measure of safety in the event of sudden loan losses or cash withdrawals by customers. This may increase the attractiveness of the company that holds excess reserves to investors, especially in times of economic uncertainty. Boosting the level of excess reserves can also improve an entity's credit rating, as measured by ratings agencies like Standard & Poor's.

Reserves need to be in liquid forms of capital such as cash in a vault, which does not create income. Banks will therefore try to minimize their excess reserves by lending the maximun allowable amount to borrowers.

ShinnBet:


Have you ever heard of rhetorical questioning?

ShinnBet:


If you reserves are not benefiting directly your population and economy but rather buoying that of a foreign nation that makes your country a colony.

SUPERPACK:
lubbish thread full of Ipob youths.

Proudlyngwa:


Your reserves are meant to attract investors, not buoy another nation.
Our economy is buoyed by injection of cash by the CBN , capital projects, inflation management amongst other things.

ShinnBet:


And in what currency does the US hold reserves?

ShinnBet:


And in what currency does the US hold reserves?

Proudlyngwa:

Gold

ShinnBet:


Oh really?

Is IPOB now synonymous to "I have no way of defending this my useless goofing hypocritical bigot illiterate of a President " ?

SUPERPACK:
who care GMB forever.

ShinnBet:


He is fighting corruption and can't see the likes of Amaech, Fashola, Fayemi and Tinubu and still goes on to take their corrupt loot without questioning the source.


Abeg forget the hypocrite Buhari

Only a fool will believe this duara scammer


Here is a man who has never honored any public inquiry into his administration of public funds.

He was the pioneering minister of petroleum in the 70's where $4bn disappeared into thing air. Adjusting for inflation and interest rates, that stolen NNPC funds of $4bn under his watch is over $20bn in today's economy - the same amount they falsely accused GEJ of stealing.

He never bothered to attend the Senate commission setup to investigate the missing NNPC funds. But today he is talking trash about phantom looted NNPC funds.

He refused to attend a board of inquiry setup by Obasanjo to probe PTF funds disbursed to him under the Abacha regime.

And today he has the audacity to point fingers at others being corrupt.

I just feel highly disgusted when I watch the duara goat talking corruption whenever he goes abroad knowing fully well that his hosts are aware of his checkered corrupt past.

The man is by far a hypocrite and thief of the worst kind.

His anti corruption war is meant to silence opposition and nothing more.

989900B:
I'm wondering too. We have $27b that could cover over 12 months of imports, but baba/Emefiele prefers to starve the economy of needed Forex.

Maybe someone else can explain this.

989900B:


How did we come by $4b?

Between what year, to what year?