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Nairaland Forum / Nairaland / General / Politics / External Reserves Loses $313 Million As Oil Price Fluctuates (5787 Views)
Workers’ Salaries In Jeopardy As Oil Price Tumbles Again / Mele Kyari: Nigerians Should Prepare For 3 Months Trouble Over Oil Price Crash / External Reserves Slides To 27 Months Low (2) (3) (4)
External Reserves Loses $313 Million As Oil Price Fluctuates by treesun: 9:46am On Apr 01, 2022 |
NIGERIA’S external reserves fell by $313m in March, according to figures obtained from the Central Bank of Nigeria on Thursday.https://punchng.com/external-reserves-loses-313m-as-oil-price-fluctuates/
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Re: External Reserves Loses $313 Million As Oil Price Fluctuates by PrinceOfLagos: 9:49am On Apr 01, 2022 |
Buhari and bad luck are inseparable 12 Likes |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by treesun: 10:36am On Apr 01, 2022 |
Nigeria is suffering from all fronts! 5 Likes |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by Tumbulum: 10:38am On Apr 01, 2022 |
Now that oil is up and up should the external reserve not supposed to be on the increase. 17 Likes |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by greatiyk4u(m): 10:57am On Apr 01, 2022 |
@$40B it is not a bad one judging from the $27B GEJ left it in 2015 despite consistent oil boom throughout his tenure 5 Likes 1 Share |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by organicfoods(m): 11:23am On Apr 01, 2022 |
Mismanagement in the oil sectors is becoming alarming. Why Nigeria refused to position herself to profits from the huge potential our oil resources remains a mystery. Refining and exporting our products to West African countries alone can make Nigeria super rich. They steal from seed capitals and fail to see the whealth they potential create for themselves and others by making things work. May be funny though but the distraught and anger of economic hardship are bearing it fangs...and weird things are becoming norms. As weird as things may be, we need to start to prepare for the future. Food production is the master key right now. Famine is starring us on the face and the best way out is Urban Farming. With Urban Farming or gardening you can grow foods anywhere there is space or water. It requires little efforts. Check the YouTube video the right inspirations. If you are already a practicing farmers and tired of using dangerous chemicals on your farm, here is an effective Organic solution to help out. https://www.nairaland.com/5486295/effective-organic-pesticides-fungicides-against https://www.youtube.com/watch?v=FG97P6u-UH0 |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by mikhe2(m): 11:24am On Apr 01, 2022 |
I don't trust our politicians |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by farouk2much(m): 11:24am On Apr 01, 2022 |
Long live putin ���� the victory is yours mr. Putin........ Propaganda no dey win war |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by MathewOG(m): 11:24am On Apr 01, 2022 |
Now that oil is up and up should the external reserve not supposed to be on the increase. 2 Likes 1 Share |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by Kingpele(m): 11:24am On Apr 01, 2022 |
chai |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by adioolayi(m): 11:24am On Apr 01, 2022 |
By the time the thing finish...we go dey wait to see where dem go dey dip their dirty hands into for funds... Civil servants...brace up...Hard times ahead... These present heads of government lack the initiatives to bring any solutions. 1 Like |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by babaalagbo11(m): 11:24am On Apr 01, 2022 |
this country nawa oo... |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by harmargedon: 11:25am On Apr 01, 2022 |
Wetin we gain even when e dey stable. |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by Yankee101: 11:26am On Apr 01, 2022 |
At a time oil prices are the highest? 1 Kings 19:17 Jehu will put to death any who escape the sword of Hazael, and Elisha will put to death any who escape the sword of Jehu. |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by baralatie(m): 11:27am On Apr 01, 2022 |
greatiyk4u: 1 Like |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by everythinggirly(f): 11:27am On Apr 01, 2022 |
When will Nigeria ever get better? |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by chronique(m): 11:28am On Apr 01, 2022 |
Lol. Crude oil price has gone up and naturally should see us earning more money than anticipated and should increase our reserves but based on buhari's economics, foreign reserve is depleting and we are earning less money. Economics 419 by APC. 2 Likes |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by baralatie(m): 11:29am On Apr 01, 2022 |
everythinggirly:Little drops.make.an ocean |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by OneCandleAway(f): 11:30am On Apr 01, 2022 |
greatiyk4u: I'm sure you were blind and deaf when the governors headed by Amechi took the FG to court to share the money in the excess crude oil account instead of saving it as advised by the finance minister then. 4 Likes |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by Klington: 11:32am On Apr 01, 2022 |
Everything is just nosediving with reckless abandon. Naira is kissing the ground at the lowest What a country |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by affable4(m): 11:32am On Apr 01, 2022 |
Na so. No more excess crude oil account. Current price that is about double the amount used for budget. Excess crude oil account is supposed to be bloating by the second, rather we are still borrowing and Deeping hands into savings. 1 Like |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by greatiyk4u(m): 11:34am On Apr 01, 2022 |
OneCandleAway: So Governor strong pass presido? Tomorrow you claim Buhari is blaming others, isn't this a lame blame? Na excess crude account they share because GEJ alone was codedely draining the savings there,not foreign reserves |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by gurunlocker: 11:34am On Apr 01, 2022 |
Normal new for Naija.... Oil price goes up, Nigerians go suffer, oil price come down, we go still suffer. |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by OneCandleAway(f): 11:36am On Apr 01, 2022 |
greatiyk4u: If governors come together that can influence the presidents decisions. Just that we have selfish leaders who only care about their pockets |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by Tetrahedron: 11:36am On Apr 01, 2022 |
greatiyk4u: Use your brain, the amount of debt the country is in now, can it be compared to GEJ’s time? |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by greatiyk4u(m): 11:40am On Apr 01, 2022 |
Tetrahedron: High income begat low debt Low income begat high debt. When Saudi Arabia saved $900B in the reserves, our own GEJ saved only $27B and you expect Buhari to turn magician |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by MT: 11:43am On Apr 01, 2022 |
Our lifestyle depletes the foreign reserve too. When we buy anything from abroad, FG settles the bill on our behalf using the dollars in the reserve, while debiting our Naira account. And we are still surpirsed that naira keeps losing value when what we can use to defend it keeps dropping. The policy that makes FG to provide Dollars to students going abroad or anyone visiting abroad should be stopped. If you want to go abroad except on health ground, seek for your own dollars. We keep depleting this foreign reserve over frivolities. |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by Duplik8t77(m): 11:49am On Apr 01, 2022 |
greatiyk4u:failures never get tired of making up excuses and passing blames |
Re: External Reserves Loses $313 Million As Oil Price Fluctuates by MISSCONGENIALITY(f): 11:58am On Apr 01, 2022 |
Odimma |
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