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Nairaland Forum / Nairaland / General / Politics / $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg (13566 Views)
‘It’s For Security Purposes’ — Zainab Ahmed Speaks On Depletion Of Excess Crude / States’ Cash Cruch: Governors Beg FG To Postpone $2.1bn Support Repayment / World Bank Approves $2.1bn Loan For Seven Projects In Nigeria (2) (3) (4)
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Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by jiz: 2:56pm On Apr 24 |
Dollar is rising |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Lavor234: 2:57pm On Apr 24 |
LegendHero: May God bless Obasanjo, Atiku, Jonathan and Yar Adua. Due to them, Nigeria experienced economic bliss for a short while. I am afraid it gets worse from here.Except for divine intervention, we are cooked. 2 Likes 1 Share |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by SyrusdeHansome(m): 3:00pm On Apr 24 |
Nigeria is in autopilot where money misses without traces. Indeed apc is a curse. 1 Like 1 Share |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by DIVINEEVIDENCE: 3:01pm On Apr 24 |
Darling Daddy really did us dorty.
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Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Angelfrost(m): 3:02pm On Apr 24 |
ozo13: In advanced economies, wishes mean nothing...! Incorruptible and technocratic leaders with vision push their nations and citizens into realms of massive development. Till tomorrow, there are many citizens of America, UK, Canada, China, Russia, etc, who wish their nations evil... But, they keep soaring. It reeks of misplaced emotions to gaslight your fellow citizens for wishing Nigeria evil rather than wondering why those directly involved in setting the nation right keep failing in their responsibilities. 4 Likes 2 Shares |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Procashtips(m): 3:05pm On Apr 24 |
Bloomberg. What happened to our local media news outlets? Foreign media house helping Nigerians tell us what's happening in Nigeria? Is this a serious country? |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by NwaliE01: 3:06pm On Apr 24 |
helinues:Like seriously 🙄 |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by jaxxy(m): 3:07pm On Apr 24 |
Dannyset: No valid explanation. We are still paying debts in billions of dollars. |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Neoteny(m): 3:09pm On Apr 24 |
DMerciful: He was an inept kludge 1 Like |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by ppogba: 3:10pm On Apr 24 |
And no body is saying this is propaganda from Bloomberg. Abi blooming has been bribed ni? |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by SmartyPants(m): 3:15pm On Apr 24 |
oluwaseyi0: Everything has been explained in that article. These transactions are not hidden so how can they sell half and keep half...what does that even mean? 1 Like |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by NinjaMetahuman: 3:16pm On Apr 24 |
Can Bloombergs just get the Bleep with their fake news already? Cbn is still cleaning up the mess of their fake post yesterday. Can't these useless foreign media just leave us the Bleep alone? |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by DIVINEEVIDENCE: 3:16pm On Apr 24 |
ozo13: Some Nigerians work remotely and earn in hard currencies. It is to their advantage if the Naira depreciates. This is reality and nothing to feel guilty about. When we tell you people to vote in sound economists, enlightened individuals, technocrats, non-criminal minded individuals and leaders who are not greedy or power hungry, it is to avoid situations such as this. Some people are ranting because if their candidate were in Aso Rock things wouldn't be as they currently are. It was not like this with Obasanjo, Jonathan or Yar'Adua. Check Buhari's economic policies as head of state and compare it with his performance as president and you'll see that the mindset and leadership ability of a presidential candidate matters. You can afford to mismanage your business but not the economy of a nation. Nearly all of Tinubu's economic policies have fallen through right from his famous removal of fuel subsidy without consultation and cushioning policies. This is a rudderless administration. There is nothing to defend here. 3 Likes |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Kaiser20: 3:16pm On Apr 24 |
DMerciful:Because Buhari had partners in Crime, people like " EMI LO KAN " Tinubu Promoter Buhari as the best president. 1 Like |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by HBB1(m): 3:19pm On Apr 24 |
Angelfrost: Very daft analogy! So in the UK and US, there are citizens who become happy when bad things happen to their Countries? Same UK and US, that I know? People will starr laughing when their currency loses value? Was that not one of the things that got Liz Truss into trouble? So if your candidate lost, the Country should burn instead? You are evil! 2 Likes |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Emmyxclusive: 3:20pm On Apr 24 |
Deji Adeyanju was right afterall |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by gigfx: 3:21pm On Apr 24 |
ozo13: APC start this kind of politics in Nigeria, so please don't defend them, we need more people to criticize government, maybe with that they will get it right. |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by PARADIZEPRIEST: 3:22pm On Apr 24 |
stop importing nonsense into Nigeria, stop paying school fees to foreign nations, let those school have annex here and get paid in naira stop public servant trooping overseas. Nigerians stop sabotaging yasef and shouting dollars!!! STOP HAILING AND supporting ya elite reckless lifestyle of foreign goods. govt boost our electric p[ower,build our refineries, create business friendly environment for our manufactures, lets produce our foods per hold house, produce our vehicles etc. IF AIRFARES CAN CRASH DRASTICALLY NOW,THEN DOLLAR TO NAIRA WIL CRASH TOO. 1 Like 1 Share |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by grandstar(m): 3:23pm On Apr 24 |
DMerciful: Obstinate self-righteous ignoramus with a Messiahanic complex. You're doing the totally wrong thing, yet, you won't take correction. It's a recipe for disaster any day. 1 Like |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by BigIyanga: 3:24pm On Apr 24 |
DMerciful:But you guys voted for him 2x and called others waillers? Same folks in govt today supported him for 8yrs and went ahead to campaign thar they would continue with his policies lol |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by DMerciful(m): 3:25pm On Apr 24 |
How can you say i voted Buhari? Are you new on nairaland? BigIyanga: |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by DMerciful(m): 3:25pm On Apr 24 |
You quoted the wrong person grandstar: |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Kobojunkie: 3:26pm On Apr 24 |
EmeeNaka:Which loans? Which debts? HA HA! |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Memphitz357: 3:27pm On Apr 24 |
NIGERIA'S GDP SIZE — HOW BIG WAS THE ECONOMY? 1999 — $57.48 billion, 51st largest economy globally 2006 — $222.79 billion, 33rd largest economy 2007 — $262.22 billion, 34th largest economy 2009 — $297.46 billion, 32nd largest economy 2010 — $369.06 billion, 30th largest economy 2014 — $568.50 billion, 22nd largest economy 2015 — $492.44 billion, 24th largest economy 2022 — $477.38 billion, 32nd largest economy *2023 — $374.95 billion, 42nd largest economy *In 2024, Nigeria's economy is estimated at $252.74 billion, making it the 53rd largest economy. source: Statisence me: it's worthy to note, that from 2015-2024, the GDP dropped backward to the level of 2007. That is 17 years backward. do whatever you like with that data. |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Kobojunkie: 3:28pm On Apr 24 |
helinues:It never did But as soon as the Government eased off the reserves, the value of the same Naira began to plummet again...Interesting, right! The value of the Naira has already fallen back to where it was on April 5th as we speak. 3 Likes 2 Shares
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Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by BigBizzy(m): 3:30pm On Apr 24 |
The more you look the less you see |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Donedeal1(m): 3:33pm On Apr 24 |
This "shalaye" of a thing is not needed So far you have did the right things Your conscience is clear Posteriorly will surely remember you Of course for good |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Kobojunkie: 3:34pm On Apr 24 |
ozo13:You are kidding, right? Your politicians are purchasing houses and paying school fees in dollars. DO you think they are concerned for your sake? 1 Like |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Bfly: 3:44pm On Apr 24 |
Nigerians still need to produce home. But good as we are blocking financial loop holes slready |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Angelfrost(m): 3:46pm On Apr 24 |
HBB1: You sound very dull, and you've the guts to call me daft?!! So, evil people only exist in 3rd world nations?!! What exactly has the wishes of everyone in a nation got to do with good leadership?!! Till date, there are supporters of Trump that speak ill of Biden and America... Research instead of rushing to defend aimlessly. Tinubu has been voted and elected into office... What's the business of the good and bad citizens with the economic decisions he makes in that sensitive office?!! Maybe haters of Nigeria among the citizens are the ones padding budgets, and siphoning billions meant for welfare of citizens. Instead of you dimwits to focus your energies on those directly and indirectly in charge of transforming the fortunes of this nation, you are more concerned about image and other frivolities. Abeg don't ever quote me with such nonsense and obtuse talk again. SMH. 3 Likes |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by Icandream: 3:46pm On Apr 24 |
Kobojunkie: Don't mind him, let him keep defending his oppressors. 1 Like |
Re: $2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Bloomberg by tctrills: 3:47pm On Apr 24 |
ozo13:Oga you are weeping for the wrong people and blaming the wrong people. Here are the people you should blame. 1 The Tinubu gov whose economic policies have pushed Nigerians to great suffering and reduced productivity. 2. The idiots that voted for this government. Please forget other presidential candidates and those laughing. They are not the cause of your problem. |
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