Esseite:


Oh... they meant transacted amount, inflow and outflow, the onus lies on how much was retained. Moreover the major bulk of that transaction rests on the CBN with its dollar push in millions into the forex market on a two weeks basis and massive bonds and bills sales of 2018 at a 14% interest rate.


There it is...



This is when the FG commemced treasury bills and bonds sales in massive scale, the question now is.... When the bonds mature, what is left after we pay back with its interest at 14% which obviously would leave the shores like it came because they chose investment in bills and bonds due to mistrust of our financial policies ?

No hate... just being logical[/s]

QuotaSystem:


Where did you see CBN inject millions into the forex market in this article that emphasized NON CBN inflow to the I&E forex window?



We are talking about transactions in the I&E Forex window so quit trying to conflate issues to deceive and misinform the gullible.

********************************************************



Brilliant.

TonyeBarcanista the export focus policy we discussed is already yielding fruits .



Becoming an export based economy (non oil) is the surest and quickest way to Nigeria's economic prosperity as it will not only improve our balance of trade which will pump up the value of the Naira and reduce the cost of essential imports leading to a fall in inflation rates, but will also lead to multiplier effects including job creation and making our local firms players in the global marketplace.

Reducing our exchange rate volatility and maintaining stability is good news for foreign investors as it means less forex risk and more investor confidence and more $$$ pumped into the economy. Next Level.

hydroking23:
The monetary policies of Mr Godwin Emefiele have pulled Nigeria out of recession. We must commend President Buhari for allowing this man to continue his good work!

QuotaSystem:


Where did you see CBN push millions into the forex market in an article that emphasized NON CBN sources?

Or just another attempt to deceive your gullible wailers?

Esseite:


- Naira that is being cushioned on a 2 weeks basis?
- Confidence and they have not flocked in despite 2 years?
- why then is everyone choosing bills & bonds over direct investment still after two years?

RealityShot:
but the problem with CBN waitng for foriegn investors now is:


our currency is selling at a premium low.


there is only one way for it to go, if things get better, and that is higher which will depreciate the value of their dollars.


So CBN must focus on building farm, and processing and manufacuting industries within the country without foriegn investments.


this will allow our currency to soar above dollars due to reduced imports & possible increased imports.


BUT ALAS will our national economists & politicians allow Nigeria to be run like a profit seeking business?

jomoh:




How do you expect them to flock in when you have next to zero infrastructure for companies to survive.


Same reason the auto industry couldn’t take off after the auto industry bill was signed into law by GEJ. No infrastructure to harness the raw materials needed.


This is the reason why this government has been shouting infrastructure.

We already have ease of doing business
We are already having stable currency and economy.
The third leg is the infrastructure which the government is already handling. It’s only a matter of time.

If you cannot see the pattern I don’t blame you. You probably supported Atiku. We that saw it coming voted for PMB. Foresight is a gift not given to everyone.

hydroking23:
The monetary policies of Mr Godwin Emefiele have pulled Nigeria out of recession. We must commend President Buhari for allowing this man to continue his good work!

Esseite:


Lol.. we don't need to dabble into foresight and all..

So where were in frastructure they once held before they left in droves?

An investor does not wait for infrastructure, that is why he is an investor... he creates infrastructures and business startups.

hisgrace090:
I'm patiently waiting for the day the dollar will really come down.

dallyemmy:
The money no dey go down self?

rentAcock:
You know when President Buhari said he will reduce the exchange rate of dollar from N150/$ to N1/$1 people thought he was delusional. Well he didn't let us know that it will be a task that requires 8years at the helm. Dollar shot up to over N520/$ and people started voicing their frustrations which is understandable, but he has stabilized the rate to N360/$ for two years now at the dismay of speculators. I strongly believe that before the end of his 2nd term, Naira will be 50Kobo/$1, that's not a typo, you read that right, naira will be stronger than the dollar as it was in 1985 when my father used to travel to conventions in Las Vegas and partied like the King of Zamunda. When the white men would open the door of his taxi, pick up his suit cases and ferry him to his delux room. The naira was so strong, my dad will eat king crab legs, drink to his heart fillings and still have change to tip the pretty white bartenders. Although he never gambled, he always enjoyed his trips to Las Vegas. My dad told me several stories and they all had a common theme, 1970s and early 1980s Nigerians were highly sought after by the white man because our currency was strong and we were a thriving nation. This anecdote isn't about my father or am i trying to brag about anything, he was a common man with a currency far stronger than the Dollar and Pounds sterling. While I will never forget the tales of my father, I will also never forget that in 1994 Rashidi Yekini became the first Nigerian to score in the World Cup tournament where we defeated Bulgaria 3-0.