₦airaland Forum

OmalemaOmoloro:
Breaking News:Total shutdown.Nationwide protest to begin from August 1-10th
We should stock our homes with essentials, nobody knows exactly what will happen. Nigerians are not happy, nobody is smiling.

NyamiriSlayer:
Nah heart attack go kill obidaft's zombies las las

Bliztzer:
Meanwhile one man dey this country that has over 67 billion dollars off shore from stolen crude oil.

Smithkafors:
As who?…Na for your papa house no be Nigeria. He will be retired from politics come 2027.

AnyanwuSK:
ECOWAS that's begging those countries sanctioned them?

Well, ECOWAS sanctioned itself because it hurt ECOWAS most, that's why they relieved themselves.

MasterJayJay:
It was $35 billion when Tinubu entered. Once again, nothing special about $34.7 billion mark.

apoasaperad:
Honestly this man supported Tinubu

A simple Google search will tell u

AnyanwuSK:
ECOWAS ABI Tinubu?

Who stopped Nigerians from Sanctioning them again?
You claim to come from Rivers State, why don't you want the freedom of your fellow Africans in Multipolar world?

gidgiddy:
Which is why your Nigeria should give Igbos Biafra so they can gio their way. The rest can stay in Nigeria

MasterJayJay:
Something that hit 40 billion dollars in previous administrations.

Make una rest. Nothing extraordinary about 34.7 billion.

gidgiddy:
That's what I'm saying, you guys should stop complaining about Igbos and urge your federal government to give those 5 states referendum so they can leave Nigeria

After they have gone, you won't have anything to complain about any more

Curious345:
Dey play .. 😂😂

Curious345:
Ikwerre land to Ibo is what Taiwan is to China .

The only fake safety net for the ikwerre are the guarantees from the Fulani they made masters .

But reunification is a must and will happen

Nigeria’s foreign exchange reserves have reached a high of $34.7bn, according to data obtained from the Central Bank of Nigeria’s website by PUNCH Online on Sunday.

This represents an increase of $110m from the previous day’s figure of $34.5bn.

The reserves have been steadily increasing over the past week, with a total gain of $316m since July 1..

This growth has been attributed to several factors, including the recent increase in oil prices, improved diaspora remittances, and the Central Bank’s efforts to stabilise the currency.

Experts believe that the increase in foreign exchange reserves is a positive development for Nigeria’s economy, as it provides a cushion against external shocks and supports the country’s ability to meet its financial obligations.

A recent Fitch Ratings has placed Nigeria’s economic outlook to positive, citing significant reforms that have restored macroeconomic stability and enhanced policy coherence and credibility.


Fitch said, “The positive outlook partly reflects reforms over the last year, which have reduced distortions stemming from previous unconventional monetary and exchange rate policies.”

The Central Bank has implemented various measures to manage the foreign exchange market, including the introduction of the Investors’ and Exporters’ window, which has helped to attract foreign investment and boost reserves.

The reforms have led to a return of sizeable inflows to the official foreign exchange market and a significant rise in foreign portfolio investment inflows.

However, Fitch noted that short-term challenges remain, including high inflation and FX market volatility. Despite this, the agency expects further monetary policy tightening and strengthening of monetary policy transmission.

“The reforms have contributed to the restoration of macroeconomic stability and enhanced policy coherence and credibility.

“However, we see significant short-term challenges, notably high inflation, and the FX market has yet to stabilize, and the durability of the commitment to reform is to be tested,” Fitch stated.

gidgiddy:
Then that means 'one Nigeria' is pointless and Igbos should be allowed to go their way as Biafra and there will be no more attachments

FOLYKAZE:
It is a general belief in Ondo south that Ikale, Ilaje and Apoi (what you call Ijaw) are from the same root.

tungamaje:
So are there no Yoruba towns in Edo State? What about Ibilo and Sobe? Do you mean people from there aren't Yoruba?

LOVEALAIGBO:
Yoruba man, what’s your own in the matter!? Why this desperation to try and see Ikwerre distanced/separated from the wider Igbo ethnicity!? Is there something you’re not telling us!?

gidgiddy:
We are all attached in Nigeria anyway

Lindlady:
What do you do for a living?

gidgiddy:
What's with all these Ikwerre threads lately?