External Reserves Hit $40.1 Billion In July 2025 – Cardoso - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › External Reserves Hit $40.1 Billion In July 2025 – Cardoso (8091 Views)
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Kalulu44: 4:58pm On Jul 22, 2025 |
Who all this people dey lie for, you get plenty reserves like dis and una still dey borrow. Anyways I'm not surprised, some weeks ago one of APC cheiftain gave a commanding order for their supporters and appointees to be projecting Tinubu's govt in a good light. I guess that's what is going on now. |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by adicius: 5:00pm On Jul 22, 2025 |
Some people on hearing this news 🤣😂😆 3 Likes
|
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by ArcSEMPECJ(m): 5:00pm On Jul 22, 2025 |
Coldspice:Is like you just got recruited....ask your senior manipulators their experience first, stop behaving like a kid here... |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Putinofrussia: 5:03pm On Jul 22, 2025 |
BeginsAtHome:In 2025, South Sudan is projected to have the highest multidimensional poverty rate in Africa, followed by Equatorial Guinea, Madagascar, and the Central African Republic. These nations are characterized by widespread poverty, with large portions of their populations experiencing deprivation across multiple dimensions like health, education, and living standards. Multiple European nations experience multidimensional poverty. While the overall poverty rates in Europe are lower than in many other parts of the world, multidimensional poverty, which considers factors beyond income, still affects a significant number of people. 1 Like |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by ArcSEMPECJ(m): 5:06pm On Jul 22, 2025 |
The news came from one of them, like I do say, I dont have time to read through , until I see through... When we see results, we welcome the papers ... |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by BeginsAtHome(f): 5:07pm On Jul 22, 2025 |
Putinofrussia:"These nations are characterized by widespread poverty, with large portions of their populations experiencing deprivation across multiple dimensions like health, education, and living standards" is this not Nigeria's situation at the moment  |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by kppo(m): 5:08pm On Jul 22, 2025 |
This is good news. I think we should use this to service our national debt and stop borrowing. 2 Likes |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Putinofrussia: 5:09pm On Jul 22, 2025*. Modified: 4:37pm On Jul 23, 2025 |
BeginsAtHome:That is what you want and it might happen to your clan and family. Most of us sane Nigerians pray for the best. Most of these nations except,maybe Ethiopia, are not even up to half of Nigeria's population. In 2025, the ten African nations with the highest multidimensional poverty are: Chad, Central African Republic, Madagascar, Mali, Guinea, Ethiopia, Mozambique, Burkina Faso, Mauritania, and the Democratic Republic of Congo. These countries face severe challenges in multiple dimensions of well-being, including health, education, and living standards. 3 Likes |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Putinofrussia: 5:13pm On Jul 22, 2025 |
kppo:Can you also tell USA,China,Britain etc not to borrow again? 1 Like |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by BeginsAtHome(f): 5:13pm On Jul 22, 2025 |
Putinofrussia:"These nations are characterized by widespread poverty, with large portions of their populations experiencing deprivation across multiple dimensions like health, education, and living standards" Is this not Nigeria as described |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Baxilexi(m): 5:17pm On Jul 22, 2025 |
Good news but it’s not new. https://businessday.ng/business-economy/article/nigerias-external-reserves-down-by-3-5bn-in-6-months/?amp Reserves were down some weeks back but are now back up. Let’s celebrate at $50 billion, now that’s ground breaking, vis-a-vis the quantity of USD that has been freed by virtue of Dangote’s refinery, lower purchasing power and increased remittances from abroad. 1 Like
|
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Ofemannnu: 5:18pm On Jul 22, 2025 |
Putinofrussia: 2 Likes |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by fmlala: 5:27pm On Jul 22, 2025 |
iwaeda:You do not need to respond to every post on this platform, just responsibly respond to the few things you could understand. 2 Likes |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by aribisala0(m): 5:47pm On Jul 22, 2025 |
In general 99.99% of people have no idea what foreign reserves are They hear the word reserves and think they are some kind of saving or that they belong to government both assumptions are false They reflect the capacity of the CBN to take back Naira in exchange for dollars This is important to any foreign investor entering Nigeria who wants to know they can exit whenever they wish If they want to leave and cannot buy dollars from the CBN They talk of trapped funds. So it is not a bad thing but it does not mean what many assume it means It generally means AT THAT POINT we export more than we import or importers rely less on the CBN Because of the dynamic nature of import export it can change drastically every month Bear in mind government also BUYS dollars from the CBN to service debt. If and when that happens reserves goes down In summary it is not a fund somewhere that. government can access even government has to pay when it needs dollars 5 Likes |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by CHAQUR: 6:09pm On Jul 22, 2025 |
forgiveness:Start producing something if you haven't.. Produce more if you have been... Let increase exports. 2 Likes |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by kolente: 6:14pm On Jul 22, 2025 |
You dont need to go too far, its the gross figure and not the net figure. Net Reserves is the unencumbered figure which is available for the defense of the currency against the dollar and imports too. $40B is the total including our encumbered amounts for our SWAP deals and Foreign loans, recall that $3B was deducted between Jan-June (H1) when the Iran-Isreal conflict broke out to defend the naira. ArcSEMPECJ: 1 Like |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Hellisreal70: 6:16pm On Jul 22, 2025 |
Good but please can you tell us what the external debt nigeria is owning foreign countries hit? |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Ofemannnu: 6:51pm On Jul 22, 2025 |
[quote author=Hellisreal70 post=136190854]Good but please can you tell us what the external debt nigeria is owning foreign countries hit?[/quoteOur debt is minimal when compared to a nation like South Africa which debt is 5 times that of Nigeria. Every nation borrows including USA and China. |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Ofemannnu: 6:51pm On Jul 22, 2025 |
Hellisreal70:Our debt is minimal when compared to a nation like South Africa which debt is 5 times that of Nigeria. Every nation borrows including USA and China. |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by cucumbar: 7:06pm On Jul 22, 2025 |
LegendHero:Another story again …. Maybe na FABU. These people cannot be trusted. |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by aribisala0(m): 7:10pm On Jul 22, 2025 |
Kalulu44:What has reserves got to do with borrowing |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Kalulu44: 7:42pm On Jul 22, 2025 |
aribisala0:It has got nothing to do with it sir, absolutely nothing sir. |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by SalamRushdie: 7:44pm On Jul 22, 2025 |
These men just lie any how , external reserve is 40 billion dollars yet they are borrowing 21 billion currently? These people are hideous liars 1 Like
|
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Gboss247(m): 7:44pm On Jul 22, 2025 |
LegendHero:Imagine celebrating the increase in external reserve without talking about the the net reserve, APC and it's deceptive method! 1 Like |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Gboss247(m): 7:48pm On Jul 22, 2025 |
kppo:Stop borrowing, hahahaha! APC keep reporting the external reserve to deceive it's gullible supporters but hides the net reserve with is more important. The external reserve is like saying I have N100 in my bank account but owing a N99 debt giving me a net reserve of N1. This means that, once I pay my debts. I will borrow again to survive. |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Gboss247(m): 7:49pm On Jul 22, 2025 |
Putinofrussia:Do they borrow with crude collateralized dollar loans to import substandard finished products? |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by harsysky(m): 8:01pm On Jul 22, 2025 |
Coldspice: May you sorrow more than a million times for wishing it to another. When PO was spitting figures, you guys said " na figures we go chop?" Now Tinubu is spewing figures thru CBN govt without any change in the livelihoods of people, and hypocrites like you are jumping and hailing. |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Bluntemperor: 8:34pm On Jul 22, 2025 |
This is Best of Economic News in recent times in Nigeria 👏👏👍. The CBN MUST KEEP IT UP- FOR MANY DEVELOPING COUNTRIES HAVE TERRIBLE FOREIGN RESERVES THAT CAN'T MARCH THE DOLLAR 💰 EXCHANGE. BUT IMAGINE INDIA HAVING RESERVES OF $OVER $500BILLIONS, COMPARED TO OTHER AFRICAN COUNTRIES - WITH LOWER CUMULATIVE RESERVES A BIG DIFFERENCE INDEED!• CBN SHOULD ALSO RESIST THE WASTEFUL SPENDING BY POLITICIANS - who hardly cares about the Masses,as they usually dip the hands in the Cookie 🍪 Jar- without blinking an eye 👁️. •Our Politicians ( the Executive and Legislatures) - •both at Federal and States Level are Wasters of Our Reasources,since the Shehu Sagari- Alh Dikko Era , and Consequently to Emiefiele Free Stealing - where NTrillions of Ways and Means Accounts Can't Be Accounted For+ NBillions of Anchor 🔱 Borrowers Farmers Money 🤑 and that has brought us to this Poverty Level= Corruption! We ought have done Better. |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Bluntemperor: 9:11pm On Jul 22, 2025 |
aribisala0:Beutiful You,Bro,for this Candid Explanation👍👏. Many are just typing anything they like on a Social Media Platform , without deep understanding of what the topics are! You have done justice to the Topics here, Kudos! |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Irony1: 9:39pm On Jul 22, 2025 |
CoronaVirusPro:You people should quit propaganda naaaa. The reason for the high in stock market is easy to explain. It is due to high liquidity in the market following the reduction in Tbills rates, which has led the guys to port to the stock market. That is why you are seeing the high returns. It only favors portfolio investors. The real investors who will build factories are not coming in, that is where the common man feels the impact. You owe ot to your conscience to be truthful to people and avoid misleading them. |
| Re: External Reserves Hit $40.1 Billion In July 2025 – Cardoso by Irony1: 9:40pm On Jul 22, 2025 |
Slytiger:There is really no impact. The value of the naira is still underperforming so this propaganda is it necessary? |
Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months • Nigeria’s FX Reserves Hit $40.08bn, First Time Since 2022 • Nigeria’s FX Reserves Hit $34.14bn • 2 • 3 • 4
I Never Thought Of This Solution: Fg: Oil Companies Must Build Refineries • Presidential Media Chat On Sunday 24th June At 7:00PM • We’ll Flush Out Terrorists, Ihejirika Vows