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Data Shows CBN Not Defending Naira With FX Reserves - Businessday - Business (2) - Nairaland

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Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by WorldRichest: 12:50pm On Apr 18
Iamgrey5:
She was actually telling speculators to hoard dollars that they don't need for any transactions to force the of the Naira against Major currencies to crash.

I have never seen opposition actively encouraging economic saboteurs in my life.


The Olosho is mentally unstable. Ogun go soon kee her Mama

7 Likes

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by LeeSantos(m): 1:01pm On Apr 18
Hey what even happened to FG CNG initiatives. One refill center in very state. Nobody is even talking about car conversation again lol. What a country

CNG buzz is dead?
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Golan007: 2:00pm On Apr 18
Raccoon.
Racoon.
grin

3 Likes

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Raskimonojendor: 2:01pm On Apr 18
emkz:


https://businessday.ng/news/article/data-shows-cbn-not-defending-naira-with-fx-reserves/

Nlfpmod
A real article backed with facts not that guesswork/suspicion article from the Obidient retards at Bloomberg Africa.

11 Likes

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by omoredia: 2:42pm On Apr 18
Once they deny it just know that it's true
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by SmartyPants(m): 2:44pm On Apr 18
CodeTemplar:
he skillfully disguised his comment about example of what can affect fx reserve balance to sound like he was speaking specifically about Nigeria.

So you are not aware that a 7bn fx backlog was cleared? Lol. Continue.

9 Likes

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Truthsandtrusts: 2:45pm On Apr 18
emkz:
Unfortunately, some aliens claim CBN is depleting the reserves to defend the naira.

May the enemies of Nigeria who continually expose themselves find no joy in the fulfillment of their evil wishes upon the country.

Below is a comment I dropped elsewhere:





A.Yesufu na Peter and Obi girlfriend

9 Likes 1 Share

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by LZAA: 2:45pm On Apr 18
grin grin
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by deji17: 2:46pm On Apr 18
Obidients will create their own alternate reality in their head.

11 Likes 3 Shares

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Honestey: 2:47pm On Apr 18
Enemies of Nigeria progress will end it with sniper las las. There is no going back on this track of progress. Tinubu till 2031 and no amount of boreholes can stop that

10 Likes 3 Shares

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Haaland21: 2:49pm On Apr 18
emkz:


It is not propaganda. It is an investigation by independent sources. Try and read and avoid ignorance peddling like someone who reasons anally.

Pls for your mental health....ignore those sore losers....
Their intelligence is minus 10.

8 Likes 1 Share

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by seguntijan(m): 2:49pm On Apr 18
I listened with keen interest and was expecting the "defending the naira" questions. Then, boom! Arise TV journalist popped out the question. Gladly, Oga Cardi B knows his onions and answers the question calmly and in very simple terms.

7 Likes 1 Share

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by michaellovaldo(m): 2:52pm On Apr 18
They'll also call this propaganda wink


Check my siggy

4 Likes

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Vision101(m): 2:52pm On Apr 18
shortgun:
Lies, as long as our foreign reserves is depleted in whatever guise, they are definitely using it to defend the naira.
These are the ways to strengthen any local currency:
Massive Production
Reduced inflation
Exportation
Massive foreign investment


None of these is happening and you want us to believe Tinubu is not mortgaging our future just to save face?
Funny man. So liquidity mope up to reduce money in circulation is not it. The adjustments by the CBN in rates is not it. The high rates had no fundamentals to support them. Pure speculation. Now speculators have been caged.

9 Likes 1 Share

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by ecomalchemistt(m): 2:53pm On Apr 18
Dollar don come down , Get the free report on buying and selling Gadgets from USA 🇺🇸 Right here in Nigeria 🇳🇬.

Check sig for contact details (whatsapp)

1 Like

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by frankson1(m): 2:53pm On Apr 18
CodeTemplar:
he skillfully disguised his comment about example of what can affect fx reserve balance to sound like he was speaking specifically about Nigeria.



Was he speaking about Congo undecided

8 Likes

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by alt3r3g0: 2:53pm On Apr 18
Only positive thing is opposition is keeping them on their toes.

At the end of the day, Nigeria benefits from the "transparency"

1 Like

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Obviouslyblunt: 2:54pm On Apr 18
I hate APC more than the next person but why would you wish bad on this positive situation. The naira is gaining, I don’t care however they do it, they should keep on doing what they are doing.

12 Likes 1 Share

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Dittodat: 2:54pm On Apr 18
thesicilian:

The worst thing you can do with your time is to try and engage the emergency lovers of Nigeria in a logical conversation. Leave them to believe whatever they want to.
Aptly stated.

6 Likes 1 Share

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Anatolia: 2:56pm On Apr 18
Whether it is propaganda or not, the appreciation of the naira is to be commended after they almost ruined it. If they can also work on reducing the cost of fuel to around 300 or 400 people can breathe. For now, things are very bad due to the stupidity of Tinubu.
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Cantonese: 2:57pm On Apr 18
emkz:


You assumed I supported Buhari for 8 years? Please which university graduated you?

As for the 2nd point of being a sycophant, I am too big to be anyone's sycophant. I am also too big to run with a mob.

As for calling yourself "real Nigerians", that itself does not make sense. You are either a Nigerian or not. There is no real or fake Nigerian. But there are Nigerians who do not wish the country well. They are dying because the person they promoted was defeated in an election. They condemn every effort by their nemesis to fix the country. They manufacture lies in their heads and start celebrating.


You are definitely not in tune with the times.

APC as a party, including the present President inherited a country where rice was sold for 8K in 2015. APC inherited a country where the same dollar was sold at 194. In eight years, Nigeria wore the garment of the poverty capital of the world. Are these manufactured lies?

In the face of well orchestrated looting of the common patrimony and aggravated impoverization of the citizens, you expect them to be silent or sing the praises of their well recognized oppressors? If you choose to overlook, do you think other people want to overlook these clear facts?

The price of the US dollar skyrocketed under one man’s watch in less than one year, by his words and actions. That same man is telling citizens that the price has been on the downward curve, and you expect those who lost hope in proper representation to applaud them? No sir.

Right under your nose, inflation appears out of control. The so called common man finds it difficult to meet his needs. You expect him to keep quiet, while your messiah who destroyed it all in the first place with fake promises, tell them “e fokan ba le”?

We all hope for a decent country, with sincere leaders and zero tolerance to further impoverishment of the people. Let’s hope that the nation gets better.

1 Like

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Shattuck(m): 3:00pm On Apr 18
thesicilian:

The worst thing you can do with your time is to try and engage the emergency lovers of Nigeria in a logical conversation. Leave them to believe whatever they want to.
it is very obvious who are the emergency lovers of Nigeria, the same set of people who criticized everything the Jonathan administration planned to do are now the very same set of people supporting it, because tinubu is in charge, this same shameless folks supported buhari clueless govt which inflicted so much damage to the nation. You and your kinds your loyalty has never been with Nigeria, it has always been with which govt gets to satisfy your greed.

1 Like

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by favor914: 3:02pm On Apr 18
Melagros:
COMRADES propaganda at its peak grin
You must be igbo?

5 Likes

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by 99thEnemy(m): 3:02pm On Apr 18
Ezeama400 oya come and see grin

I told you just yesterday. grin

Clearing of backlogs is not same as defending the Naira.

Hope you have learnt now. grin

6 Likes 2 Shares

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by favor914: 3:03pm On Apr 18
Cantonese:



You are definitely not in tune with the times.

APC as a party, including the present President inherited a country where rice was sold for 8K in 2015. APC inherited a country where the same dollar was sold at 194. In eight years, Nigeria wore the garment of the poverty capital of the world. Are these manufactured lies?

In the face of well orchestrated looting of the common patrimony and aggravated impoverization of the citizens, you expect them to be silent or sing the praises of their well recognized oppressors? If you choose to overlook, do you think other people want to overlook these clear facts?

The price of the US dollar skyrocketed under one man’s watch in less than one year, by his words and actions. That same man is telling citizens that the price has been on the downward curve, and you expect those who lost hope in proper representation to applaud them? No sir.

Right under your nose, inflation appears out of control. The so called common man finds it difficult to meet his needs. You expect him to keep quiet, while your messiah who destroyed it all in the first place with fake promises, tell them “e fokan ba le”?

We all hope for a decent country, with sincere leaders and zero tolerance to further impoverishment of the people. Let’s hope that the nation gets better.
Please gerrout many people wey no get 50k for account 8 years ago, be Multi millionaires in Naira today, if you like don’t go & find a way to help yourself prosper.

5 Likes

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by 99thEnemy(m): 3:04pm On Apr 18
Melagros:
COMRADES propaganda at its peak grin
After reading you still spat this?

Ignorance is really and endemic to Nigeria. grin

6 Likes

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by tegrianonigltd(m): 3:05pm On Apr 18
emkz:
Unfortunately, some aliens claim CBN is depleting the reserves to defend the naira.

May the enemies of Nigeria who continually expose themselves find no joy in the fulfillment of their evil wishes upon the country.

Below is a comment I dropped elsewhere:

Prediction is normal in life, we predict forex and crypto, but it usually don’t happen as we expect too during forex market and crypto. So calm down. Prediction helps too, makes the market stabilize.
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Kpartners: 3:06pm On Apr 18
We are not defending the naira with fx reserve and fuel subsidies are gone. If you believe any of the above, I am sorry your brain is gone

2 Likes

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by edungene7: 3:06pm On Apr 18
Only a clown will believe this lies same government that said no more subsidy payments only for them to go behind and be paying more this is a paid write ✍️ up there is nothing illegitimate Tinubu and is gang of thieves can't do to deceive the gullible PH refinery the two weeks promised by kyari is now two months if truly they have stopped subsidy were is the proceed for over a year now may anyone in my generation not be an ignoramus!!!

1 Like

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Chucks13: 3:06pm On Apr 18
That is una headache.

All we care about is Naira will bounce back, the reform will be completed and Nigeria will rise again so if una like carry on with your bad news and propaganda, we have more on tey tey...

2 Likes

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Skyehigher1: 3:08pm On Apr 18
By next week dollars to naira is going to be 900 or 850 plus

3 Likes

Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by GeneralDae: 3:09pm On Apr 18
emkz:


Brother, we must. These people are not exposed at all. We have seen their likes set countries on fire. They have no clue about nation building and want to burn down things because they lost elections.

While my intention is not to change them because they are far gone, my efforts are to prevent others from being converted, especially their children and fencesitters who may be indoctrinated with their poison.
You are right. I observed some outflows yesterdays from naira as naira depreciated to 1170 from 1110. These people wanna scare foreign investors with their propaganda and Bloomberg’s report gave them orgasm yesterday.

8 Likes 1 Share

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