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Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days - Politics (3) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria’s FX Reserves Rise By $621.2 Million In 10 Days (8878 Views)

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Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Olafisoyem: 10:43am On Sep 15, 2024
JoeyNaza:
you mean after collecting loan ( bond sale ) ?
Basically they borrowed more dollars. We put in the bank then claim it is our moneyhuh
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Olafisoyem: 10:50am On Sep 15, 2024
OlawaleBammie:
Okaaaayyyy grin grin grin

But at least the fg would have gotten their own share for the dollar(profit) before paying back na
A bond is like a paper to say I have given the govt $50 and the govt will return it in 2, 3 or 5 years with interest. So basically we borrow money put for bank come dey claim say na we get am.

So what the guy is saying is how will we pay back with interest when even now naira is falling. By the time we pay back instead of 1600 naira to the dollar it may be 2000.

If na payment for oil or some other agricultural goods that we have sold then it is very good news but na borrow borrow
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Taich(m): 11:23am On Sep 15, 2024
Max24:
People who just built the first bus stop in 33years will not like this news !
.

Imagine, the news said you savings increase after borrowing and you are happy?
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Taich(m): 11:26am On Sep 15, 2024
JoeyNaza:
you mean after collecting loan ( bond sale ) ?
.

These people don't read.
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by SWATMan: 11:26am On Sep 15, 2024
sslcrypt:
What is here to celebrate? The bond will be paid back with interest at the end of the tenure. How is this even news? Propaganda bastards, devil punish your generations.
I mean illiteracy at it's peak.
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by 9japride(m): 11:27am On Sep 15, 2024
Goodvibes007:
This kain news no dey trend because it's not a negative one.
[color=#006600][/color]

Of what impact is it to the common man? As an oil producing country, how has it hep the citizens?
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Taich(m): 11:29am On Sep 15, 2024
helinues:
Thanks for the corrections.

Back to the topic.

Would you have written this epistle had the FX was declining? What was your reactions when the FX was declining?

How come it's only bad news some of you guys don't see as fake or propaganda but any development news like this must definitely be propaganda..

Is it that the development of Nigeria is a threat to some of you most especially you the Emeritus?
From the article, the source of the increase was from sale of bond(loan) You are jumping about because you got a loan?
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Tareq1105: 11:39am On Sep 15, 2024
JoeyNaza:
you mean after collecting loan ( bond sale ) ?
With the coming up of Dangote fuel, Nigeria / CBN would be able to increase our reserve bcoz the 65% of our dollar earnings hitherto spent on fuel importation would reduce to like 25%.

This means that Nigeria/CBN would have more dollar reserve for other economic and productive use.
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Tareq1105: 11:42am On Sep 15, 2024
Taich:
From the article, the source of the increase was from sale of bond(loan) You are jumping about because you got a loan?
The fact that you got someone to give you loan means that the lender believe you have the capacity to repay the loan.

Please remove hatred from your eyes.
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Taich(m): 11:58am On Sep 15, 2024
Tareq1105:
The fact that you got someone to give you loan means that the lender believe you have the capacity to repay the loan.

Please remove hatred
from your eyes.
The word is incompetence, Go and borrow and deposit in your account and tell yourself that you are doing well. Is that how you run your life? I doubt that.
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by PeaceMaker24: 1:20pm On Sep 15, 2024
You guys celebrate stupid stuff without thinking

NNPC increased pump prize off fuel and had foreign reserves increased and you all are clapping
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by etrouble: 1:24pm On Sep 15, 2024
helinues:
Very good

Totori news. Anyone who is bitter about this is definitely a witch
Flat headed witches and wizards you mean
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by etrouble: 1:26pm On Sep 15, 2024
Tareq1105:
With the coming up of Dangote fuel, Nigeria / CBN would be able to increase our reserve bcoz the 65% of our dollar earnings hitherto spent on fuel importation would reduce to like 25%.

This means that Nigeria/CBN would have more dollar reserve for other economic and productive use.
This is very true, but we cannot trust our politicians
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Okechinwadike: 1:46pm On Sep 15, 2024
Sorry ooooo, what of national debt? Lol. Just like borrowing money from access bank to put in zenith bank, high level of stupidity though agbadorians are very easy to be deceive by this their useless politicians
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Solidex(m): 2:18pm On Sep 15, 2024
Lamba.
Why is Naira still crashing ?
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Richtaiwo(m): 2:54pm On Sep 15, 2024
MT:
Sometimes, I wonder why most of you focus on the grammatical errors of others; it doesn’t make you sound educated, rather make you look like clowns.

How many native English speaker can type the way the guy typed? . Even the whites will score him 9 over 10 for his effort. English Language is not his first language and English language is not a measure of intelligence. It is just a language like Hausa, Ibo or Yoruba. In as much as you could understand the message being passed, that should suffice. So, do not feel like one “Albert Einstein”. Most English-speaking whites cannot even write out their names in English Language , and they also speak terrible English Language. Yet, your kind will still worship them.

Look at the bolded in your own piece, it’s meant to be “typed” and not “wrote”. You were busy finding faults in others while you have log in your own eyes.

Nonsense.


C: Helinuses, everyone
He is just a clown displaying ignorance all over the places and feeling like a don. Just imagine the same person pointing out grammatical errors is using the lower case letter "i" for personal pronoun.
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Kobojunkieee: 2:58pm On Sep 15, 2024
phemray:
✓ Hope you are aware that how the country foreign reserves is being managed is different from how a personal account is being managed.
Look at this one! undecided
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Kobojunkieee: 2:59pm On Sep 15, 2024
sslcrypt:
It might not necessarily be the case, most might be renegotiated terms on failures to pay previous tenures from past administration. Since bonds tenure runs longer and also we don't know the full scale of the terms and conditions associated with the buyout. A lot of foreign investors use multiple prong approach of utilizing bonds purchase. While purchasing bonds they are tying a payback to some form of repayment on backs of physical assets via subsidiaries in form of cooperations.
Anyway FG bond can't be defaulted on
Ok. Just wondering how the country, in the state it is today, could be said to have gotten that amount from bonds in just 10 days. undecided
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Blazetrailer: 3:04pm On Sep 15, 2024
You know semi literates are easy to identify publicly. In the exuberant excitement to exhibit their superior half education, they unwittingly display their stupidity and superior daftness.

World over, it is known that "write" is a synonym for so many words, including "type", in the context of conveying a message, idea, or knowledge. Type by definition means hitting a keys on a machine to print a document and is a short form, derived from the word "typewrite", which is defined as a transitive verb for conveying thoughts, ideas, feelings, expressions, using keys(became popular around 1887 when typewriters were introduced). See the link and picture below if that could further help you.

https://www.thesaurus.com/browse/type#hit-keys-on-machine-to-print-document


"Write" is a synonym for "Type", sister. Stop misleading Helinues. Let her get the necessary education so she does not display arrant ignorance like you




MT:
Sometimes, I wonder why most of you focus on the grammatical errors of others; it doesn’t make you sound educated, rather make you look like clowns.

How many native English speaker can type the way the guy typed? . Even the whites will score him 9 over 10 for his effort. English Language is not his first language and English language is not a measure of intelligence. It is just a language like Hausa, Ibo or Yoruba. In as much as you could understand the message being passed, that should suffice. So, do not feel like one “Albert Einstein”. Most English-speaking whites cannot even write out their names in English Language , and they also speak terrible English Language. Yet, your kind will still worship them.

Look at the bolded in your own piece, it’s meant to be “typed” and not “wrote”. You were busy finding faults in others while you have log in your own eyes.

Nonsense.


C: Helinuses, everyone

Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by sslcrypt: 3:11pm On Sep 15, 2024
Kobojunkieee:
Ok. Just wondering how the country, in the state it is today, could be said to have gotten that amount from bonds in just 10 days. undecided
There's what we call optics when passing on information. Element of truth that can be manipulated to alternate the facts. Because what they technically saying is that foreign investors are rushing to get the FG bond. Which is a big lie because which investor in their right mind will invest in a failing economy.
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by MT: 3:15pm On Sep 15, 2024
Blazetrailer:
You know semi literates are easy to identify publicly. In the exuberant excitement to exhibit their superior half education, they unwittingly display their stupidity and superior daftness.

World over, it is known that "write" is a synonym for so many words, including "type", in the context of conveying a message, idea, or knowledge. Type by definition means hitting a keys on a machine to print a document and is a short form, derived from the word "typewrite", which is defined as a transitive verb for conveying thoughts, ideas, feelings, expressions, using keys(became popular around 1887 when typewriters were introduced). See the link and picture below if that could further help you.

https://www.thesaurus.com/browse/type#hit-keys-on-machine-to-print-document


"Write" is a synonym for "Type", sister. Stop misleading Helinues. Let her get the necessary education so she does not display arrant ignorance like you
You goofed and you exposed your ignorance, yet your silly arrogance wouldn't allow you to accept your mistake.

With your claim to understanding Queen's English, how many Nobel Laureate have you won?

How many people speak or write Queen's English in the United Kingdom, United States, Canada, Australia.

A Caucasian once said this to me: "You WAS eating....". If you heard that from a White, you would be smiling like an idiot and would not have the gut to correct him. The Whites do not care about your tenses once they understand what you are saying. Remember, it is their language and yet you are claiming holier than God. Such a nobody in the mix of things.

English Language is just a language like Yoruba, Hausa or Igbo, and not a measure of intelligence. Get it into your thick skull.

You thought you were intelligent by claiming to have a good handle on English Language, meanwhile, you are so poor at it.

Your kind thought if you could master English Language, you would be respected among the whites; conversely, they would not even understand the "nonsense" you are saying with your funny accent.

Keep dreaming

cc: Helinuses, Everyone

Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Blazetrailer: 3:56pm On Sep 15, 2024
Lol.... the idiot is using google headline material to substantiate his stupidity. You have written nothing. Your skull is empty.

Did you bother to check what I shared with you to understand why "Typed" and 'Wrote" can be used interchangeably? I doubt though, because you don't seem to have the capacity for such, given the gibberish you have written down there.

When you see someone buttressing the mistake of one Caucasian as the basis for her own argument, its called Cum hoc ergo propter hoc (with this, therefore because of this). It has been established many years ago as a thought process of simpletons!

For some more knowledge, do you realise it has been proven that Google headline materials are not usually the most accurate or most profound for knowledge/researches as they are influenced by various factors as number of clicks, advertisement rates, etc.? Do you know if I want my publication to be the first you see(even though it may not be the most accurate or most informed) when you do a google search, I could easily influence that by paying? I doubt you know all that because of the level of ignorance you have displayed publicly

....and I am sure you are always referring to Helineus in your post simply because darkness attracts darkness, buffoonery can only attract stupidity. She has simply reaslised your stupidity and abandoned you to your fate, alone, in the abyss of foolishness. She wants to improve and have more knowledge, hence she has left the battle of idiocy to you only.


MT:
You goofed and you exposed your ignorance, yet your silly arrogance wouldn't allow you to accept your mistake.

With your claim to understanding Queen's English, how many Nobel Laureate have you won?

How many people speak or write Queen's English in the United Kingdom, United States, Canada, Australia.

A Caucasian once said this to me: "You WAS eating....". If you heard that from a White, you would be smiling like an idiot and would not have the gut to correct him. The Whites do not care about your tenses once they understand what you are saying. Remember, it is their language and yet you are claiming holier than God. Such a nobody in the mix of things.

English Language is just a language like Yoruba, Hausa or Igbo, and not a measure of intelligence. Get it into your thick skull.

You thought you were intelligent by claiming to have a good handle on English Language, meanwhile, you are so poor at it.

Your kind thought if you could master English Language, you would be respected among the whites; conversely, they would not even understand the "nonsense" you are saying with your funny accent.

Keep dreaming

cc: Helinuses, Everyone
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Blazetrailer: 4:02pm On Sep 15, 2024
Another dumbo. grin grin grin grin
Is it grammatically incorrect, in the context of social media writing? Tell me. if you were writing for publication, presentation or a thesis, I could agree, but on a social media? Bro, get some sense, there is nothing wrong with.

Richtaiwo:
He is just a clown displaying ignorance all over the places and feeling like a don. Just imagine the same person pointing out grammatical errors is using the lower case letter "i" for personal pronoun.
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Tianamen1:
sslcrypt:
There's what we call optics when passing on information. Element of truth that can be manipulated to alternate the facts. Because what they are technically saying is that foreign investors are rushing to get the FG bond. This is a big lie because which investor in their right mind will invest in a failing economy?
The bond's interest rate is 9.75% annually for five years. If the bondholder keeps the bond to maturity, he/she will earn over 60% interest in five years. This is an open theft of Nigeria’s wealth.

The five-year bond, issued at par with a 9.75% annual coupon, witnessed a 180% subscription.
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by MT: 4:11pm On Sep 15, 2024
Blazetrailer:
Lol.... the idiot is using google headline material to substantiate his stupidity. You have written nothing. Your skull is empty.

Did you bother to check what I shared with you to understand why "Typed" and 'Wrote" can be used interchangeably? I doubt though, because you don't seem to have the capacity for such, given the gibberish you have written down there.

When you see someone buttressing the mistake of one Caucasian as the basis for her own argument, its called Cum hoc ergo propter hoc (with this, therefore because of this). It has been established many years ago as a thought process of simpletons!

For some more knowledge, do you realise it has been proven that Google headline materials are not usually the most accurate or most profound for knowledge/researches as they are influenced by various factors as number of clicks, advertisement rates, etc.? Do you know if I want my publication to be the first you see(even though it may not be the most accurate or most informed) when you do a google search, I could easily influence that by paying? I doubt you know all that because of the level of ignorance you have displayed publicly

....and I am sure you are always referring to Helineus in your post simply because darkness attracts darkness, buffoonery can only attract stupidity. She has simply reaslised your stupidity and abandoned you to your fate, alone, in the abyss of foolishness. She wants to improve and have more knowledge, hence she has left the battle of idiocy to you only.
You typed an epistle in order to justify your stupidity.

So, why do lecturers tell the student to "type" their homework for submission?

Why don't they say the homework must be "written" for submission.

I know you know the fact, you are just exposing your foolishness to the world.

Go to the Western World, and see how a lot of their folks speak and write.

Continue to live in a fool's paradise. The more you attempted to sound intelligence, the more stupid you sound.

The whole Nairaland is laughing at your silliness.

Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Kobojunkie: 4:12pm On Sep 15, 2024
Tianamen1:
■ I believe the interest rate on the bond is 9.75 per cent annually for five years. If a bond holder keeps the bond to maturity, he/she will earn over 60% interest in five years. This is open theft of Nigeria’s wealth.
Who are those purchasing those bonds in the current economic state that Nigeria is in? undecided

Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Tianamen1:
Kobojunkie:
Who are those purchasing those bonds in the current economic state that Nigeria is in? undecided
Nigerians with dollars. It should be obvious. Nigeria's crude income hasn’t dropped off. Our population has doubled, and Nigerians want imported things. This is why the Naira has crashed. Politicians and top civil servants are making more money now than ever.
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Kobojunkie: 4:24pm On Sep 15, 2024
Tianamen1:
■ Nigerians with dollars. It should be obvious. Nigeria’s income from crude hasn’t really dropped off. Our population has doubled and Nigerians want imported things. This is why the naira has crashed. The politicians and top civil servants are making more money now than ever before.
Wanting imported things isn't bad at all. The Naira did not crash because of that. It crashed because of the many anti-people & anti-business policies of its government along with the massive weight of corruption bearing down from all sides. undecided
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Blazetrailer: 4:33pm On Sep 15, 2024
God have mercy!! grin grin grin I am having so much fun with this idiot.

This just continues to underscore the fact that technology can never conceal stupidity or genetical imbecility. Or how else do I explain this? You stated that using "wrote" in place of "type" was incorrect. And I went further to show you that they are synonyms, yet because you have a cheap phone and some free data, you keep coming back to brazenly expose your idiocy.

Abi, kini itumo gbogbo radarada to n kor yii??

Is "Write" a synonym for "Type"? Answer is yes. check it anywhere. No long story.

Asking why some lecturers have a preference for one particular synonym instead of another?? Only a kid can type this type of nonsense.
This is stupidity taken too far. Anyone is free to use the word they prefer, so long as they are synonyms.

No wonder Nigeria is going backwards, when these are the type of the so called "educated citizens" that vote....... and little wonder they voted in a criminal with a shady past as their president.

You can see how Helinues has quietly abandoned you too. You are on your own.

I have your time today, its high time we exposed some of the buffoons here for all to see and earmark.


MT:
You typed an epistle in order to justify your stupidity.

So, why do lecturers tell the student to "type" their homework for submission?

Why don't they say the homework must be "written" for submission.

I know you know the fact, you are just exposing your foolishness to the world.

Go to the Western World, and see how a lot of their folks speak and write.

Continue to live in a fool's paradise. The more you attempted to sound intelligence, the more stupid you sound.

The whole Nairaland is laughing at your silliness.
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Tianamen1:
Kobojunkie:
Wanting imported things isn't bad at all. The Naira did not crash because of that. It crashed because of its government's many anti-people & anti-business policies and the massive weight of corruption from all sides. undecided
With a population like Nigeria's, you have to produce your cars, clothes, and phones. You can't simply import these things, or your currency will collapse.

Oil was $70 per barrel when Obasanjo was president. The Naira went from 145 to 116 to a dollar between 2004 and 2008. Petrol sold for N75. Nigeria accumulated 25 billion dollars in its excess crude account. These are facts. In less than 20 years, everything has collapsed even though oil sells at the same $70 per barrel today.

Social media and population growth destroyed that country.
Re: Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days by Fujiyama: 4:41pm On Sep 15, 2024
Interesting thread.
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