Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months - Politics (2)

Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months (8848 Views)

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by donmixc: 7:21am On Aug 11, 2025

Na statistics we go chop tinupoo🥹🥺

Resign immediately

1 Like

Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by JuanDeDios: 7:22am On Aug 11, 2025

Believeintruth:
Both of them are unstable. The weak naira for an import dependent country is a recipe for disaster.

Only as long as it's unstable. Once the economy adjusts to the stable price, it stops being such a huge problem. In any case, we're trying encourage exports, aren't we? Maybe we'll someday get a government that isn't stuck in old ways and will allow the export of agric produce too.

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by helinues: 7:23am On Aug 11, 2025

Godjone:
Everything now is narraowed down to re-election of a packaged fraudster no more governance

Yes oo as long as they are development news

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by lexy2014: 7:28am On Aug 11, 2025

emkz:
As this news will cause pains to certain individuals, they'd now go and look for negative news and go on twitter to stitch stories and talk about the uncultivated land in the north and meaningless things.

They are averse to progressive news about their country.

They are also notorious for going to land that doesn't belong to them to make skits. If you say the land belonged to your brother, how come he never appeared in any of your skits to be nodding his head when you are claiming ownership of what doesn't belong to you?

Nigeria is rising. Economic indices are improving. States are now solvent. Coalition is confused about their economic plans.

Nigeria is winning. Every enemy of Nigeria shall gnash their teeth in pain and sorrow.

Amen.

What is the progressive news that you say will cause pain to some individuals?

Is it dollar that is $1533?

How much did tinubu meet it?

What are the economic indices that are improving?

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by lexy2014: 7:29am On Aug 11, 2025

helinues:
Yes oo as long as they are development news

What development news is that?

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by iLegendd(m): 7:30am On Aug 11, 2025

Temporary

Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by lexy2014: 7:31am On Aug 11, 2025

omenka:
Gradually, a baby step here and there, and we just might, if we keep working hard enough, see this country walk again, and hopefully FLY in the near future.

God bless my fatherland, Nigeria.🙏

Who are the "we"?

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by Softmirror: 7:32am On Aug 11, 2025*

kingbee90:
Forget about all these false statistics.
The real statistics about Nigerian economy can be gotten from the streets where people are lamenting the continous rise in the cost of goods and services.

Tinubu is a FAILURE!

The shame of multiple ASSU strikes or the shame of queuing for fuel or the shame of stability of the economy or the shame of improvement in power supply or the shame of immense infrastructural developments, the shame of improvement in our security......TINUBU IS A FAILURE

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by helinues: 7:33am On Aug 11, 2025

lexy2014:
What development news is that?

Is this thread a sad news to you?

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by lexy2014: 7:33am On Aug 11, 2025

allthingsgood:
I know that some cursed people will definitely be pained by this news. Any good news is a problem for the sick minds.

What is the good news that you say will cause pain to some people pain?

Is it dollar that is $1533?

How much did tinubu meet it?

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by guobe: 7:34am On Aug 11, 2025

JuanDeDios:
It's not. A weak naira isn't a problem. An unstable naira is a problem. If we can keep the naira stable (even if it's N2000), businesses can plan and things will improve.

And your mates in the same world abroad will make more than your monthly salary in a day and will send money home to purchase a property you want to purchase too.

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by lexy2014: 7:35am On Aug 11, 2025

AWONEYAN:
God is good to us as a nation.

You mean Nigeria can hear good news.

I pray it translate to good living for us

If it is "good news", why do you need to pray for it to translate to better living for you?

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by lexy2014: 7:36am On Aug 11, 2025

helinues:
Is this thread a sad news to you?

helinues:
Yes oo as long as they are development news

What development news is that?

1 Like

Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by Acidosis(m): 7:39am On Aug 11, 2025

JuanDeDios:
It's not. A weak naira isn't a problem. An unstable naira is a problem. If we can keep the naira stable (even if it's N2000), businesses can plan and things will improve.

Even if it's 2000 una. Businesses can plan on what? Poverty?

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by asfrank(m): 7:40am On Aug 11, 2025

Validated:
Please OP, how much is in Excess Crude Account? I hear it is zero, kindly confirm!

Una go explain tire ... OTP Loading!

You ask this question because you know nothing about the Excess crude account and how it works. You just want to find a reason to comment.

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by JuanDeDios: 7:41am On Aug 11, 2025

guobe:
And your mates in the same world abroad will make more than your monthly salary in a day and will send money home to purchase a property you want to purchase too.

Ever wondered why this isn't a problem for Asian economic giants (e.g. Japan and China) whose currencies are also "weak" compared to Western currencies?

2 Likes 1 Share

Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by adioolayi(m): 7:41am On Aug 11, 2025

Gotocourt:
Reduced FX demand due to lower import activity

Who noticed MAN has been quiet. They are cashing out low-key on a steady. Time to take over the market of companies that have left.

Aspira company have taken over the soap and detergent (viva) market of northern Nigeria.

Mamuda company, makers of Pop cola and biscuits have taken over the northern markets. These companies are based in Kano State.

Coca-cola is presently having a good run for their money 🤫. I no longer see RC cola in the north again.

Transportation cost of goods from southern Nigeria have drastically reduced goods distribution.

Stumbled on this Pop Cola varieties at Bokku Store in Lagos some weeks ago...and I can say it's very nice.

Truly, Coca cola is in good competition. Bigi Cola tried , and Coca Cola survived...let's see how it goes with this Pop Cola

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by JuanDeDios: 7:41am On Aug 11, 2025

Acidosis:
Even if it's 2000 una. Businesses can plan on what? Poverty?

Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by LegendHero(m): 7:45am On Aug 11, 2025

Validated:
Please OP, how much is in Excess Crude Account? I hear it is zero, kindly confirm!

Una go explain tire ... OTP Loading!

You need to understand the definition of excess crude account.

Crude oil price is currently below the amount used in the budget, so how will you have excess crude proceeds?

Infact that is the case for the past 7-8 years or so.

So how you wan take get excess crude accruals?

3 Likes 1 Share

Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by IBB007(m): 7:54am On Aug 11, 2025

Lol…this one wey una wan run spoil some people day this early momo laidis…cos na make naija collapse be some people prayer everyday

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by MemphitzDgreat1(m): 7:55am On Aug 11, 2025

omenka:
Gradually, a baby step here and there, and we just might, if we keep working hard enough, see this country walk again, and hopefully FLY in the near future.

God bless my fatherland, Nigeria.🙏

How does this reflect on the Nigerian economy, ehn?? Lap top and ta ble boy, eheeeeeee🤣

1 Like

Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by MDK777: 7:57am On Aug 11, 2025

2027 done sure for pbat be that oo

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by Nwaiyoo: 7:57am On Aug 11, 2025

Even if it $ 30 Trillion it doesn't mean anything. A litre of fuel was 200 when Buhari left office and the price was increased by Tinibu to 1,200. It's therefore certain that Nigerians are been extorted. The famine, poverty and crime risen statistics will attest to this. When Tinibu win his second and last term as Nigerian president wuna eye go clear. Even northern Nigeria go see shege banza.

1 Like 1 Share

Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by Knight247: 8:00am On Aug 11, 2025

kingbee90:
Forget about all these false statistics.
The real statistics about Nigerian economy can be gotten from the streets where people are lamenting the continous rise in the cost of goods and services.

Tinubu is a FAILURE!

every body knows he's a failure expect the ones their brain is not working again

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by cucumbar: 8:10am On Aug 11, 2025

Estello:
https://x.com/KamorYusuf/status/1954597637388194231?t=vtdX-TfVJcrC4iBAq7pvZA&s=19[/quote]Na everytime e Dey hit 40billion . E no Dey ever pass 40billon.

Naira stable at $1600 ? Na there Una meet am?

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by ibtommy(m): 8:17am On Aug 11, 2025*

[quote author=Estello post=136414250]https://x.com/KamorYusuf/status/1954597637388194231?t=vtdX-TfVJcrC4iBAq7pvZA&s=19[/quote].
A big fat lie from hell. People are suffering and you're here consoling yourself with irrelevant analysis

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by Michelle70(m): 8:20am On Aug 11, 2025

Believeintruth:
How is it illegal? Something that was established to create a buffer against fluctuations in crude oil prices and exchange rates.

mynd44 is right.

The Excess Crude Account in Nigeria is widely considered unconstitutional because it’s not backed by any law and bypasses the revenue channels mandated by the Constitution, even though it’s not criminal in itself.
Same reason why power rotation between north and south is illegal

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by tinsel: 8:23am On Aug 11, 2025

The economy is doing great . All the sectors of the economy are recovering at rapid speeds.

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Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by walefresh3(m): 8:26am On Aug 11, 2025

kingbee90:
Forget about all these false statistics.
The real statistics about Nigerian economy can be gotten from the streets where people are lamenting the continous rise in the cost of goods and services.

Tinubu is a FAILURE!

rice and Eba economy it's what you guys Sabi from that akpu kingdom...

You Naa be confirmed traders

2 Likes

Re: Naira Stable As External Reserves Hit $40.15 Billion, Highest In Eight Months by muykem: 8:33am On Aug 11, 2025

kingbee90:
Forget about all these false statistics.
The real statistics about Nigerian economy can be gotten from the streets where people are lamenting the continous rise in the cost of goods and services.

Tinubu is a FAILURE!

I just pray that some of you will not get high blood pressure. Someone president cabal under Buhari can't stop as private citizen, you want to stop as sitting president with your 500mb data.

2 Likes

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