External Reserves Fall By $841m In Three Months - Politics - Nairaland
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External Reserves Fall By $520m In Five Weeks – CBN / External Reserves Slides To 27 Months Low / Nigeria’s External Reserves Hit $44bn First Time In 2019 (2) (3) (4)
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| External Reserves Fall By $841m In Three Months by ogododo: 9:49am On Oct 09, 2023 |
Nigeria’s external reserves fell by $841.75m between July and September, figures obtained from the Central Bank of Nigeria revealed. https://punchng.com/external-reserves-fall-by-841m-in-three-months/
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| Re: External Reserves Fall By $841m In Three Months by Hoelujohn: 9:56am On Oct 09, 2023 |
Them think say na play Jagaban come play. In 2 years time, na wheelbarrow una go dey use wheel money to buy bread. We are even ready to increase minimum wage to 1million naira but trust me, it won't be enough to buy a bag of rice. 79 Likes 10 Shares |
| Re: External Reserves Fall By $841m In Three Months by ogododo: 9:57am On Oct 09, 2023 |
Hoelujohn:Na Mugabe style be dat. 55 Likes 4 Shares |
| Re: External Reserves Fall By $841m In Three Months by Jessyjeff: 9:58am On Oct 09, 2023 |
Naira future in the official market ( for the next 3 months) is now about 850 to the Greenback, meaning Naira will dip further in the black market. This actually means more winter months for Nigerians. Folks should prepare for additional increase in inflation rate in the coming months. Once again, i ask, who discovered Nigeria? Lord Luggard or APC? 48 Likes 1 Share |
| Re: External Reserves Fall By $841m In Three Months by Cassandraloius: 10:19am On Oct 09, 2023 |
Nigerian's are good with the logo, "suffering and smiling". This is bad. 19 Likes 1 Share |
| Re: External Reserves Fall By $841m In Three Months by BloomingDale(f): 10:24am On Oct 09, 2023 |
Jessyjeff: Dip 2 Likes |
| Re: External Reserves Fall By $841m In Three Months by kokakola: 10:25am On Oct 09, 2023 |
It has always been falling since we have been having backward leaders who were never intentional about governance and the state of the nation but their selfish and individual ambitions... 10 Likes 2 Shares |
| Re: External Reserves Fall By $841m In Three Months by lumens: 10:25am On Oct 09, 2023 |
 We warned them. When you hand over 219 million people to a certified drug dealer and certificate forger to lead, that's what you get. He has simply continued form where the Daura Cow stopped. The treasury is for him and his cronies. Even Vulture Griller in all his gullibility would perform better than Amoda. At least, rotten vultures would be grilled and shared as palliatives. 56 Likes 7 Shares |
| Re: External Reserves Fall By $841m In Three Months by victorclean(f): 10:26am On Oct 09, 2023 |
Chisus and prophet Muhammad please where una dey oooooo. Buhari please come back. Frog eye druggie has killed us. See what oduduwpigs has plung us into due to ethnicity. Mama Alakija is even richer than Nigeria 13 Likes 2 Shares |
| Re: External Reserves Fall By $841m In Three Months by stano2(m): 10:26am On Oct 09, 2023 |
Dem use am de chase court case. Compensating cronies and recuperating funds spent during the election. 14 Likes |
| Re: External Reserves Fall By $841m In Three Months by Hezmatosky: 10:27am On Oct 09, 2023 |
What has not fallen? |
| Re: External Reserves Fall By $841m In Three Months by Kingpele(m): 10:27am On Oct 09, 2023 |
We are saving subsidy money crew how far next time ...when Nigerians see an old man that should be resting with his grand children telling us is his turn to be president for us ...we should tell him grandpa your time has long gone...old druggified brain can't revamp the economy of this great nation 29 Likes |
| Re: External Reserves Fall By $841m In Three Months by Edoreborn: 10:27am On Oct 09, 2023 |
I don dey lose hope for this baba regime oo..Ha ha kilode? |
| Re: External Reserves Fall By $841m In Three Months by id4sho(m): 10:27am On Oct 09, 2023 |
 1 Like |
| Re: External Reserves Fall By $841m In Three Months by SensualMan: 10:27am On Oct 09, 2023 |
We don't need his physical body, we only need his brain. He built the lagos master plan which successive governments has followed. He is a first class accountant. He is dealing with us yorubas that voted him. Hunger, diseases and starvation is killing us and our children. We voted for him because he's our tribesman now our fathers can no longer train us. Many of us in Ibadan are now rice bandits, we can hardly eat. We now live by begging in the morning, begging in the afternoon and begging in the evening. God bless our Igbo brothers who we hate so much yet they give us out of their abundance, if not we the yoruba nation will die of famine. Bola on your mandate! 22 Likes 1 Share |
| Re: External Reserves Fall By $841m In Three Months by Nobody: 10:27am On Oct 09, 2023 |
Hoelujohn:They don't know. 2 Likes |
| Re: External Reserves Fall By $841m In Three Months by andy244: 10:28am On Oct 09, 2023 |
Adekunle Tinubu will show Agbadorians the real meaning of Bulaba. 21 Likes 1 Share |
| Re: External Reserves Fall By $841m In Three Months by VoltageDivida(m): 10:28am On Oct 09, 2023 |
Everything de fall for this country. Just waiting for the day the whole country go fall enter gutter. 3 Likes |
| Re: External Reserves Fall By $841m In Three Months by SUFFERInSMILIIN(m): 10:28am On Oct 09, 2023 |
ogododo: All of this fake figures which Nigerian statistics and government keeps on submitting. The external reserve is only 3.6 billion US dollar. Keep deceiving yourself why the economy is collapsing nation of illiterate home and Abroad 4 Likes 1 Share |
| Re: External Reserves Fall By $841m In Three Months by Ttipsy(f): 10:28am On Oct 09, 2023 |
Okay why not ? When 28 states has zero involvement inflow |
| Re: External Reserves Fall By $841m In Three Months by specialmati(m): 10:28am On Oct 09, 2023 |
| hand over to thieves |
| Re: External Reserves Fall By $841m In Three Months by cornerstonee: 10:30am On Oct 09, 2023 |
The decline in Nigeria's external reserves, as reported by the Central Bank of Nigeria, is a matter of concern and warrants attention. A decrease of $841.75 million between July and September is a significant drop, and it's essential to understand the factors contributing to this decline. External reserves play a crucial role in a country's economic stability, as they serve as a buffer against external shocks and help maintain the stability of the foreign exchange market. The fact that external reserves have been on a downward trend in the first half of 2023, partly due to external debt finance and other challenges, should be carefully analyzed. It's worth noting the observations made by Monetary Policy Committee members, particularly regarding the weakness in accretion to external reserves and persistent foreign exchange demand pressures. These factors could have contributed to the decline in reserves. The comment from former acting Governor of the CBN, Folashodun Shonubi, about the potential favorable effect of the removal of subsidies on price stability is interesting. Increased crude oil receipts by the government could indeed bolster reserves and help stabilize the exchange rate, which, in turn, can contribute to moderating inflation. However, it's crucial to monitor the actual impact of such policy changes closely. In any case, the management of external reserves is a complex and delicate task, and it's essential for policymakers to continue to explore strategies to strengthen Nigeria's external reserves and ensure overall economic stability. Transparent communication with the public about the state of external reserves and the steps being taken to address challenges is also vital to build confidence in the country's economic management. Check my signature for more details
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| Re: External Reserves Fall By $841m In Three Months by OBIDIENTNAIJA: 10:31am On Oct 09, 2023 |
Thiéfnubu and his forty-five thieves 8 Likes |
| Re: External Reserves Fall By $841m In Three Months by crossbreedwears(m): 10:31am On Oct 09, 2023 |
What's really going on sef |
| Re: External Reserves Fall By $841m In Three Months by prophetfire: 10:32am On Oct 09, 2023 |
Hoelujohn:. TINUBU IS CASHING OUT BIG!!! ON COLOS!! THAT'S THE REASON HE BOUGHT POWER FROM HYNEC IN THE FIRST PLACE. 6 Likes |
| Re: External Reserves Fall By $841m In Three Months by shuganezia(m): 10:32am On Oct 09, 2023 |
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| Re: External Reserves Fall By $841m In Three Months by panpan(m): 10:33am On Oct 09, 2023 |
What about the external debt? Has that also fallen? |
| Re: External Reserves Fall By $841m In Three Months by NOwazobia: 10:34am On Oct 09, 2023 |
ogododo:Mugabe style go dey learn self. |
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