Biodun556:
What is the reserve doing there?

Let's spend it

nafama:
The problem with Nigerians is, no one looks at things from a clear angle anymore. No rational thinking..... Just bunches of tribal and religious individuals.

Biodun556:
What is the reserve doing there?

Let's spend it

SenecaTheYonger:
But everyone knows this. The trick is to flood the market with dollar in this case $2bn a
Month. Which is $24bn a year.

lexy2014:


what then did tinubu use nnpc to borrow $3b from afrexim for?

Donaldoni:


Since when was that

Melagros:
COMRADES, when we warned Nigerians that Tinubu and his cohorts have nothing to offer Nigerians some of these APC's miscreants on nairaland tried to gag me by even threatening my life
Here we are today, the truth is gradually surfacing

garykoeman:
Even with their propaganda obi will not be president.

helinues:
How much debt have we serviced?

How much have we borrowed?

Those are the questions that should be directed to the naysayers

Penguin2:
Lol!

Tumbum Tumbum government

They removed subsidy and later shamelessly returned it and paying even more.

They floated the Naira and later went back to their vomit by defending the Naira like Emefiele was doing.

I’m sure that’s why they shamefully released Emefiele after they saw themselves doing what they accused Emefiele of.

Tinubu is empty

His gang of criminals are even emptier

Together they form a bunch of empty-headed criminals only interested in snatching power, running away with it and looting.

Sorry, Nigeria!

Biodun556:
What is the reserve doing there?

Let's spend it

LegendHero:
Bloomberg themselves said this in the report.

So if CBN clear FX backlogs, where do you guys expect them to see the money before? Will it not be from loans and FX reserve?

How does this translates to defending naira? She na all those $10k wey them dey give BDC go amass $2bn in a month?

This is just using a clickbait topic to attract people, reading the content did not show anywhere that the did was because naira was defended except if clearing backlog is now seen as “Naira defense” too.

Goodvibes007:
How many times ...same thread below

https://www.nairaland.com/8063510/nigeria-back-defending-naira-foreign

The reporter of the article should also explain why their is a convergence between the parallel and official markets.

garykoeman:
Even with their propaganda obi will not be president.

Melagros:
COMRADES, when we warned Nigerians that Tinubu and his cohorts have nothing to offer Nigerians some of these APC's miscreants on nairaland tried to gag me by even threatening my life
Here we are today, the truth is gradually surfacing

PointZerom:


You hate to hear the truth but you're the ones crying most for hunger SHOUTING EBIN PAWA Ooo.

El-Rufail has exposed your lies but you keep on calling Igbos enemies of Nigeria.


Between you that voted for Buhari and the Igbos that rejected him twice, who truly is the enemies of Nigeria?


You can't even tell the primary and secondary schools your president attended.....shame on you

Faiththatworks:
Although this news is from Bloomberg, I will thread with caution in believing this report.
Although I don't hide the fact that I'm a Supporter of Asiwaju and Nigeria, I'm also a believer of Facts over emotions.
There's a coordinated attempt to disparage the gains made recently by the Naira,and I believe the narrative is being slanted to meet the desires of very few greedy Nigerians.
First,is the recent noise by some people led by Nasiru El-Rufai that Subsidy is back,thereafter the CEO of Rain oil without any scientific data other than correlating the pump price of Diesel with Petrol, trumpeted that Nigeria is paying a Subsidy of 600 billion every month,Habaaaa you wonder the kind of Business man that CEO is.
Next is the deliberate fear being created that CBN governor is defending the Naira by dipping his hands into the Foreign reserve,Habbbba how's selling less than 60 million Dollars enough to dip the Foreign Reserve of Nigeria by over 2 billion Dollars.
I repeat the National Security Adviser should begin to treat these People as Economic Terriorist,all they are doing is speculating and trying to force the value of the Naira down.
Although they believe all Nigerians are lazy but we will counter them with our own figures,last month OPEC told us Nigeria's oil production dropped to around 1.3m barrels per day,since Oil is our biggest earner,the revenue from oil sales dropped drastically and that affected the foreign reserve.
Again I will keep going back to our budget,the total earning without oil Subsidy for 2024 is around 10 trillion naira,if these people claim Subsidy is back in full,then Nigeria is in Big trouble because there wasn't any provisions for Subsidy in the 2024 budget,like the Rainoil CEO used some abracadabra figures to support his figures,any payment of Subsidy will cause inflation to raise to 100% cos we will go back to printing money to run the Economy.
I believe Nigeria is on the right path,all these Economic Terriorist and Bandits are just trying to instill fear in our minds,anybody paying for subsidy should be treated as a criminal and handed over to the EFCC, payment of Subsidy is a fraud Against the people of Nigeria.
I'm sure Nigerians will not bulge to these Economic Terrorist and fear mongers, currency speculators and economic sabos,.
Onward forever is our motto, Asiwaju is taking this country to a better place and it will be right in front of the nay sayers.
God bless Nigeria.

Biodun556:
What is the reserve doing there?

Let's spend it

If this report is true, where did the CBN sees the 7 billion dollars to use to pay foreign airlines and others when Nigeria foreign reserve was 32 billion dollars

Penguin2:
Lol!

Tumbum Tumbum government

They removed subsidy and later shamelessly returned it and paying even more.

They floated the Naira and later went back to their vomit by defending the Naira like Emefiele was doing.

I’m sure that’s why they shamefully released Emefiele after they saw themselves doing what they accused Emefiele of.

Tinubu is empty

His gang of criminals are even emptier

Together they form a bunch of empty-headed criminals only interested in snatching power, running away with it and looting.

Sorry, Nigeria!

helinues:
How much debt have we serviced?

How much have we borrowed?

Those are the questions that should be directed to the naysayers

Melagros:
COMRADES, when we warned Nigerians that Tinubu and his cohorts have nothing to offer Nigerians some of these APC's miscreants on nairaland tried to gag me by even threatening my life
Here we are today, the truth is gradually surfacing

viodemus:
Leg dey shake, hand dey shake, we warn dem, but dem say na cold dey do am.


Now naira dun dey shake, investors run dey shake, infact Nigeria dun dey shake.


May God help us all, because we have useless people in the driver's seat.