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Nairaland Forum / Nairaland / General / Business / Nigeria’s External Reserves Rise By 1.1% In 6 Days (8141 Views)
CBN Settles All FX Backlog As External Reserves Rise To $34.11 Billion / Investors’ Exit, Others May Shrink Nigeria's External Reserves To $29.1bn – IMF / Nigeria’s External Reserves Hit 3-year High At $33.112 Billion (2) (3) (4)
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by Authoreety: 7:53am On Feb 19, 2018 |
brownhawk: Na u deserve d slap pass, because bubu said he wl do it |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by RichDad1(m): 8:00am On Feb 19, 2018 |
Some shindren of hate will not like this. |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by ibkgab001: 8:00am On Feb 19, 2018 |
So dangote is richer than the Nigeria external reserve ? |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by Nobody: 8:02am On Feb 19, 2018 |
A good development ....carry go,, said baba till 2023, osinbanjo will take over for another 8yrs and back to the north for 8yrs again and d children of OSU from the falling sun , potopoto republic shall Waite forever . meanwhile if the news caption is Nigeria foreign reserves fall to a record time low of 25bill, the wailers will b like buhari is a cow , he destroys Nigeria economy, he is a dullard , bla bla .... They will never see anything good in this administration, walahi their vote does not count 1 Like 1 Share |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by Yankee101: 8:03am On Feb 19, 2018 |
Oil prices also increased by 1.1% in the last trading day. So what's so extraordinary about this? |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by Adekdammy: 8:07am On Feb 19, 2018 |
What is the effect of the rising foreign reserves in the lives of average Nigerians? You have money in the bank yet you are hungry when part of the money in the bank can be used for business that will fetch you more money, decrease or eliminate hunger rate and your account is still smiling. |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by WorldRichest: 8:26am On Feb 19, 2018 |
Esseite: You will just die of hypertension and hatred. Since there is phobia for good news in your family, therefore your personal reserve will continue diminish till thy kingdom come. 1 Like 1 Share |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by Nobody: 8:29am On Feb 19, 2018 |
WorldRichest: Would rather not be lied to, lies to taxpayers is corruption. |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by everG: 8:29am On Feb 19, 2018 |
omenkaLives: why won't u tell ursef d truth for once, does all ds gimmicks still work for Nigerians let alone d foreign investor? continue playing politics with d future, d end is near. |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by ashjay001(m): 8:30am On Feb 19, 2018 |
AnodaIT: As he said, those investments, will create jobs, that most robbers will take up to provide for their families, buy cows in abundance, so d herdsman can afford to practice ranching n BH militants, will be able to afford a daily living, from d scraps that will fall off d table. I see potential, BH members, everyday in abj, where I stay. No jobs, no source of livelihood, yet d see kids n men, like them, spending absurd sums to acquire material things! Who no like n want better thing? |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by diegwu01: 8:31am On Feb 19, 2018 |
Some lazy folks here feel, an increase in foreign reserves means they will start getting money in their accounts while they laze, goof and slumber. Well, keep at it and continue to dwell in poverty and penury while sensible folks seize the opportunities available and financially secure their future 3 Likes 1 Share |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by diegwu01: 8:38am On Feb 19, 2018 |
AnodaIT:Even at the heat of the war in Iraq, Afghanistan, Libya, multinationals invested massively. 2 Likes 1 Share |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by tiger28: 8:47am On Feb 19, 2018 |
These are FACTS not oluwole news o. STATISTICALLY without bias,this govt has done well!!!I am tired of hearing daily chants by some uneducated folks . All i hear is "buhari the daura cow" bla bla bla THEN i decided to check our economic indices and lo and behold, this govt has blocked most of the looting leakages (there are still thieves in this cabinet for sure)and frugal with spending while saving a lot thru the implementation of TSA. A looting govt will not implement TSA because they wont be able to steal eg GEJ. He talked about TSA but couldnt implement it because of his kleptomania. 2 Likes 1 Share |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by tiger28: 8:51am On Feb 19, 2018 |
Esseite:wailers !!!EVEN if naira came down to 1 to 1 with the dollar, you will still have something to say, this is just the beginning, you will choke soon with more good news this year. |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by tiger28: 8:54am On Feb 19, 2018 |
omenkaLives:An educated response to one of the usual uneducated "buhari is a cow" group. The group that doesnt understand economic index but can scream "buhari is a terrorist " all day. 2 Likes 1 Share |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by tiger28: 8:57am On Feb 19, 2018 |
AnodaIT:here we go! The regular "buhari is a dullard" group. Illiterates.....all these economic grammars arent understood by them. Ethnic hatred has blinded them. |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by tiger28: 8:58am On Feb 19, 2018 |
talk2rotman:ILLITERATES everywhere mhennn!!!! |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by Nobody: 9:22am On Feb 19, 2018 |
akelicious: No electricity. No roads. No Portable Water. No jobs. No schools. No hospitals. No security. No Etc. And yet some foooools in govt are claiming they are saving money in our foreign reserves. |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by princejenks(m): 9:39am On Feb 19, 2018 |
Esseite:am very interested in this,pls can you back up your claim that cbn injected fresh $141million into forex market to keep the naira stable cos all the info I could glean online states that the cbn injected $210 million into the interbank segment of forex market after its last monetary policy committee(mpc) sitting in November,2017. *A statement was released by cbn in january about this,remember also mpc hasn't sat this year cos they couldn't form a quorum so when did mpc sit to authorize this fresh $141 million you've stated* |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by Nobody: 10:02am On Feb 19, 2018 |
princejenks: http://dailypost.ng/2018/01/27/naira-friday-exchanged-n361-dollar-bureau-de-change-segment-market-iss-central-bank-nigeria-cbn-intervened-foreign-exchange-market-tune/amp/ The $141m is actually old, thinks its $361m from the link above. Like most think otherwise, i really dont gloat over bad news, i just love the truth. |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by Nobody: 10:04am On Feb 19, 2018 |
tiger28: Sentiments dont rule a nation... speak the truth always |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by talk2rotman(m): 10:08am On Feb 19, 2018 |
tiger28: correct craze don knack u. can u pls put forward any analysis showing d relationship between it and our economy's growth or development? in Nigeria...all dis are just paper talk without any effect on d masses. wise up and stop acting u were born yesterday... or like som1 who has never witnessed series of phase in our external reserve . |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by DONADAMS(m): 10:14am On Feb 19, 2018 |
na so we dey hear am for mouth |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by shedy03(m): 10:21am On Feb 19, 2018 |
in current Nigeria's context, this means more suffering for the citizens. lol. |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by tanwantu: 10:36am On Feb 19, 2018 |
Esseite: |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by tanwantu: 10:41am On Feb 19, 2018 |
Esseite:They are telling you how they got the money and you saying that they are liars. It is better you argue about the figure not means. Can you now Tell us the means?. I thing you are a dullard. 1 Like |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by vim25: 11:31am On Feb 19, 2018 |
ok .. |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by obailala(m): 11:48am On Feb 19, 2018 |
AnodaIT:What exactly do you think increases the GPD of a nation?... A higher reserve improves a country's credit rating, a higher credit rating improves investor confidence, and with investors having confidence, they flock into an economy with the confidence that they can make money and actually get paid/extract their profits whenever they want. With investors flocking into an economy and improving its productivity, what effect do you think that would have on the nation's GDP?... Also with higher productivity, what effect do you think that would have on employment, inflation and the poverty index? I'm not surprised that there are people who dont understand this elementary economic logic; after all a lot of our people still believe it was Buhari's face that made investors to flee Nigeria between 2014 & 2017 when Nigeria struggled to obtain forex and when its foreign reserves hit the rock bottom. Of course security is a factor which worries foreign investors, but rubbishing the pivotal position of a sound forex reserve in providing investor confidence is rather very myopic; even at the height of the bokoharam menace when a bomb went off everyday with repeated occurences in Abuja, investors still flocked into Nigeria but simply just avoided troubled spots. 3 Likes 1 Share
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Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by kabrud: 11:52am On Feb 19, 2018 |
[s] Yankee101:[/s] It is extraordinary because that is what looks like a rocket science to one drunk PhD holder from Bayelsa state. The price of oil was averagely double its present value, yet the external reserve could not grow. It did even remain what it was, it was dropping. As you can see, it is extraordinary. 1 Like |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by obailala(m): 11:52am On Feb 19, 2018 |
PrecisionFx:Ignorance! Just like many others out there, you are simply ignorant of what the foreign reserves is meant for, that's why you believe it's foolish to save money in the reserves; you'd rather have it all spent and plunge the country instantly into an economic mess like Venezuela. 4 Likes |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by kabrud: 12:04pm On Feb 19, 2018 |
Esseite:Wailers are just funny. The govt says this is what is in our foreign account and the strongest opposition with its good number of Economists cannot oppose the claim, but it is one wailer who doesn't know his left from his right that is sweating out his comfort calling it a lie. Be prepared to get HBP because more good news are still coming. Is foreign reserve a personal account that cannot be verified be any competent authority? 3 Likes |
Re: Nigeria’s External Reserves Rise By 1.1% In 6 Days by phineas: 12:15pm On Feb 19, 2018 |
This is why I am a firm advocate for the anti power to the youths movement,I must add I qualify for the Nigeria defiantion of youth (less than 45) but youth is not an excuse for power without the necessary knowledge On economic growth ,macro economics especially,this Government has revived Nigeria and put her back squarely on the road to development how does this translate to more km of roads? Read about the sukuk bond,About PPP with local companies for development, all wwith a growing reserve and growing Excess crude account. you all need to find the economic growth and recovery plan of this country developed in concert with international experts and think tanks with local content and context and see how it is been applied literary like a bible,I challenge all youths must run critics of the present government to point out its weakness and what could be better and their proposed methodology Please be aware it takes strong politicall will to implement policies in Nigeria,so success achieved on strategies such as 100% sign up on TSA and BVN is no mean feat,even jonathan couldnt achieve it, funds were released for ogonni clean up despite low revenues in the country,private companies such as dNgotes and otedolas amongst others sign up for partnership with Goverment on development,non oil revenue especially Agric export is increasing,leakages are been blocked in Goverment (you cant even print tshirts and ordinary bags for govt programs,or earn more than 5% working for Goverment,TSA is working group like magic so much jamb is lying on a snake)income from taxation is increasing and savings in our reserves is returning to an all time high again So youths with beer parlour critiicsm that cannot successfully lead a primary school class on noise makers,not to talk of university think the criteria for them to be handed the country is their age should pleasentake a back seat Lastly my free advice to the presidents media team,rather than been attack dogs in the media,please use your heads and time to develop scorecards on our development and economic plan because we have made great growth in many areas and we may not be there yet,but the fact that we are making progress on the right indices matter and we MUST not deter those working with silly demoralising speeches 3 Likes 1 Share |
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