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Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan - Politics (4) - Nairaland

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Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Brendaniel: 8:33am On Aug 22, 2023
Tareq1105:


Tinubu has the right to support any contestant of his choice but did Tinubu ask Buhari to destroy Nigeria?

Was Tinubu part of his government? Was he a minister or adviser in Buhari government? Think before you comment.

Can you support a failure twice?

2 Likes

Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by 2pacarnate(m): 8:34am On Aug 22, 2023
saintfieldcastro:
Agb@do touts, defend this looting and embezzlement by your "Ronu gangs of fools*.

Truth hurts

Sorry bro,all agbado defenders and fullbacks and CDM have all left the WhatsApp group chat as usual,I have been saying this before,obi should forget about this country,it is gone,and it will be on record that yorubas and hausas destroyed this country,I laugh when they say igbos will.never rule this country,it's not a curse,it's actually a blessing that we never ruled,posterity will remember us I'm good faith for that

Anyways

TRUTH HURTS 👍

5 Likes

Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by MrEverest(m): 8:34am On Aug 22, 2023
End Ebola pandemic now before he ends Nigeria!!!

This country is going down everyday and if Ebola pandemic is not removed by any means necessary, Nigeria may not survive!!!

1 Like

Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Kukutente23: 8:35am On Aug 22, 2023
Lovenorth:
May God rescue us from the evil hands of Tinubu
Oga keep quiet!

The main culprit is your Buhari
The man ruined this country

1 Like

Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by josielewa(m): 8:35am On Aug 22, 2023
REDshouse:
Op with sensational headline... Many people don't know the difference between Net and Gross...
Gross is 37billion dols
Net is around 3.7billion dollars ...

So many people finding it difficult to read and assimilate... So painful
In accounting, what you really have is 3.7billion if all other things are deducted...that is the real figure..they have factored in debts and other foreign deductions...Nigeria owes alot...about 15 billion dollars to Goldman Sachs and co...which nigeria cant repay in due time meaning they will deduct the money from the foreign reserve as stated in terms and condition in accessing the loan....the external reserve is really low...if this subsidy can be used in settling 500bn monthly debts then good..if mismanaged again, then there will be wahala in the nearest future....

3 Likes

Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Whytelyon(m): 8:35am On Aug 22, 2023
Kobicove:
If the figure JP Morgan has quoted is true then there is real cause for serious worry! sad

Have you voted Tinubu today? grin
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by MrEverest(m): 8:36am On Aug 22, 2023
2pacarnate:


Truth hurts

Sorry bro,all agbado defenders and fullbacks and CDM have all left the WhatsApp group chat as usual,I have been saying this before,obi should forget about this country,it is gone,and it will be on record that yorubas and hausas destroyed this country,I laugh when they say igbos will.never rule this country,it's not a curse,it's actually a blessing that we never ruled,posterity will remember us I'm good faith for that

Anyways

TRUTH HURTS 👍
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Blitzking: 8:36am On Aug 22, 2023
ijustdey:


https://thenationonlineng.net/nigerias-reserve-is-3-7b-not-33-8b-says-jp-morgan/
ah...meaning some Nigerians rich pass our foreign reserve..that's massive these guy would literally twist and turn Nigeria upside down.
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Whytelyon(m): 8:37am On Aug 22, 2023
sterlingD:
My people abeg tell me this is not true

Have you voted and supported Tinubu today? grin
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by imbless: 8:37am On Aug 22, 2023
REDshouse:
Op with sensational headline... Many people don't know the difference between Net and Gross...
Gross is 37billion dols
Net is around 3.7billion dollars ...

So many people finding it difficult to read and assimilate... So painful
The 3 billion $ Net reserve is the main amount Nigeria can access, after all deductibles are processed, so people reaction to this bad news is correct.

1 Like

Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Minjim: 8:38am On Aug 22, 2023
Emefiele and Buhari have finished the reserve

1 Like

Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Whytelyon(m): 8:39am On Aug 22, 2023
Minjim:
Emefiele and Buhari have finished the reserve

Tinubu na saint ? grin
The one he use pay INEC manhood , where e from ?
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by bdon123(m): 8:40am On Aug 22, 2023
ijustdey:


https://thenationonlineng.net/nigerias-reserve-is-3-7b-not-33-8b-says-jp-morgan/
Tinubu n lies.so he has started fabricating lies of government ministries to suit his rhetoric
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by 2pacarnate(m): 8:41am On Aug 22, 2023
Tareq1105:


Tinubu has the right to support any contestant of his choice but did Tinubu ask Buhari to destroy Nigeria?

Was Tinubu part of his government? Was he a minister or adviser in Buhari government? Think before you comment.

Truth hurts

Shame is far from you bro,As a rich man,if you insist your son must marry a particular girl and even go as far as denying him his inheritance or frustrating him to make sure he marries the girl,and he married the girl and the girl ends up making him miserable,who should be blamed?well do not answer the question,as a Yoruba man you are am very sure you won't answer on the positive because it's your genes never to accept a glaring truth,I live in Ibadan,I married a Yoruba woman,I Sabi una Wella,it was just yesterday that I warned her to please always accept when she is wrong,she should.stop.given excuses because it means she will.never correct that wrong.

Yoruba never accepts when they are wrong,

Anyways

TRUTH HURTS 👍

2 Likes

Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by imbless: 8:42am On Aug 22, 2023
Kukutente23:

Oga keep quiet!

The main culprit is your Buhari
The man ruined this country
but tinubu help buhari to clinch the presidential seat right? Did tinubu support buhari, yes or no? Didn't tinubu say that he will continue from where buhari stopped? Can you be truthful to yourself for once?
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by XAUBulls: 8:42am On Aug 22, 2023
ijustdey:


https://thenationonlineng.net/nigerias-reserve-is-3-7b-not-33-8b-says-jp-morgan/
Estimated.
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Nteogwuija(m): 8:42am On Aug 22, 2023
BarrElChapo:
These foreign banks should try to stfu sometimes😏

LoL, but it is them u run to borrow money from.
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Kukutente23: 8:43am On Aug 22, 2023
Tareq1105:
Buhari really do Nigeria shege. Our foreign reserve had never ever been this low even when Gen Abdulsalam withdrew part of it for hosting Junior World Cup in 1999.

Tinubu get work to do o.
And Zombies helped him to achieve the shege
Let us never forget that
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by sterlingD(m): 8:44am On Aug 22, 2023
Whytelyon:


Have you voted and supported Tinubu today? grin
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by OKORONKWOBRIGHT(m): 8:44am On Aug 22, 2023
Which way Nigeria
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Kukutente23: 8:46am On Aug 22, 2023
REDshouse:
Op with sensational headline... Many people don't know the difference between Net and Gross...
Gross is 37billion dols
Net is around 3.7billion dollars ...

So many people finding it difficult to read and assimilate... So painful
So... which should we go with
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by tobstarizhia(m): 8:47am On Aug 22, 2023
It will never be well for the Agbado people of the Sad Waste. They will suffer the rest of their life for letting their tribalism becloud their judgement.
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by grandstar(m): 8:47am On Aug 22, 2023
Taylor90:
That was how he claimed he has saved billions on first month of fuel subsidy

Till NLC bursted his butts that he didn’t save shishi

A man synonymous with fake

Person wey hire fake bishops and faked Donald dukes childhood pics as his own

I’m not surprised na una dey surprise

Did the government claim they saved billion of dollars in the first 30 days of the subsidy removal? I very much doubt it as the amount to be spent subsidizing fuel for the whole year was to to $10bn.
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Faposky95: 8:48am On Aug 22, 2023
mrvitalis:
Aaah aaah no no no

This can't be true na... It can't be true APC cant be this wicked

Tinibu knew this is our reserves and want to fight war? That's would drain more of our reserve?

Who would even give us loans now

please Peter Obi withdraw your case in court...Nigeria is beyond repair if this is true

PO...start a political church instead of vying to be president. Biko. Maintain the clean hands
.....and to those of you who don't know.......keep hating him.
We see you...!!!!!!
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by 2pacarnate(m): 8:48am On Aug 22, 2023
worksmart:
What other country allows a foreign company to tell them how much foreign reserve they have?
The aeeogance of JP Morgan to believe it knows better than our own CBN.
Nonsense!

Me thinks Tinubu conspiring with jP to loot our reserves.

Tinubu is a virus.

Truth hurts

No other country,but the truth is your country is the only one that a known drug lord carried out a political coup to become the president,so it means all other countries eyes are so much on our govt right now.

The only and first Nigerian govt supported by witches and wizards,the definition of yorubas.what else do you expect?🤔

Anyways

TRUTH HURTS 👍
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Kukutente23: 8:49am On Aug 22, 2023
imbless:
but tinubu help buhari to clinch the presidential seat right? Did tinubu support buhari, yes or no? Didn't tinubu say that he will continue from where buhari stopped? Can you be truthful to yourself for once?
No one is debating dat.
But it's dishonest for a northerner to blame Tinubu when they gave Buhari over 70% of their votes both times he won
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Jcomtrader: 8:49am On Aug 22, 2023
Kobicove:
If the figure JP Morgan has quoted is true then there is real cause for serious worry! sad

The country is broke
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by RealEzee(m): 8:50am On Aug 22, 2023
angry so nobody to defend Apc in a whole first page?

I am dissapointed , BATists n Apcits come n defend ooo u must work for ur money
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by CodeTemplar: 8:50am On Aug 22, 2023
Like a losing team with empty bench to call on, Nigeria is losing the battle all-round. We need a Liverpool type of comeback under uncle Bola.
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Kukutente23: 8:52am On Aug 22, 2023
Tareq1105:


Tinubu has the right to support any contestant of his choice but did Tinubu ask Buhari to destroy Nigeria?

Was Tinubu part of his government? Was he a minister or adviser in Buhari government? Think before you comment.
He was an adviser. He advised CBN to print money during covid. He advised buhari to employ 50m youths into the army which he later worked back.
You bunch of liars should stop trying to make it look like tinubu was simply sleeping in his house all through the 8 years of buhari and never stepped foot in Aso Rock
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by seunmsg(m): 8:53am On Aug 22, 2023
It’s so simplistic and hypocritical to put all the blame on Buhari. We’ve been on this path for a very long time and getting here is inevitable. Sadly, a lot of you don’t even understand why we are here and what should be done going forward. You all just want to troll and pass blame on those you did not support politically.

We’ve been wasting all our oil revenue on importation of refined petroleum products, subsidizing the rest of Africa, subsidizing electricity, defending the Naira etc. These are very popular policies that all governments since 1999 have tried to stop but we all keep forcing them to keep it going.

Like I said before, we either accept the ongoing reforms introduced by the president or watch the economy crash in the next 4-8 years maximum. With this new report from JP Morgan, we may not have more than 4 years self.

All subsidies must go no matter how painful. We should also consider increasing our oil production in the interim to get more forex. If it entails leaning OPEC, we should leave. Double our oil production and sell a little below the market price. Desperate times requires desperate measures.

Everything should also be done to ensure Dangote refineries and PH refineries come on board this year. We can’t continue to import refined petroleum products with this level of forex reserve. We just have to look inwards.

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