₦airaland Forum

Mpeace:
What is it with Nigerian Fx reserve and $40 billion.
Since 2017, the fx reserve has been hitting $40 billion. Under Tinubu's regime, it has hit $40 billion over 3 times on the news. Na wa oh

chimex38:
no be lie.
It's part of the campaign

Investigator

Pennystockwarri:

https://www.youtube.com/watch?v=II2f4o1yziw?si=5njXwVwfnjuN42WT

A few stocks that may be in play in today's trading session.

Mpeace:
They need to give us some respect. Why always using the same format like we don't know anything anymore.
Watch and see, before the next election they will also come up with the same story: Naija fx hits $40 billion

Mpeace:
What is it with Nigerian Fx reserve and $40 billion.
Since 2017, the fx reserve has been hitting $40 billion. Under Tinubu's regime, it has hit $40 billion over 3 times on the news. Na wa oh

Mpeace:
What is it with Nigerian Fx reserve and $40 billion.
Since 2017, the fx reserve has been hitting $40 billion. Under Tinubu's regime, it has hit $40 billion over 3 times on the news. Na wa oh

chimex38:
no be lie.
It's part of the campaign

Investigator

Streetinvestor2:
The funny part is they are borrowing left,right and centre to window dress the reserve and be shouting stability of naira.
Why is the naira not appreciating if the growth of this reserve has been organic.

lostinHeaven:
ELLAH have learnt this format, Soon they will appear with stockbrokers again.

GeneralDae:
Not necessarily campaign. You can check the reserves movement everyday on the CBN website. So it was $62 Billion in ObJ’s time, but declined as he left and into the Yaradua era to $40 Billion. Jonathan declined it even further (despite having very high oil prices) to $28 Billion in 2015. Buhari raised it to $40 Billion in 2017 and even $45 Billion in 2019. After COVID, reserves went down to as low as $35 Billion as at May 2023.
Reserves are simply inflows and outflows. They rise and fall. When they are rising, it means exports, FDI’s and FPI’s or even foreign debt inflow are more than imports, FDI/FPI outflows and foreign debt servicing at that particular timeframe. The stronger the reserves, the stronger the capacity of the CBN to intervene in the FX market to keep the naira where they want it to be or to stabilise it.

Princkez:
ELLAHLAKES will shock us with its upcoming announcements....discussion still ongoing..

Princkez:
ELLAHLAKES will shock us with its upcoming announcements....discussion still ongoing..

Mpeace:
What is it with Nigerian Fx reserve and $40 billion.
Since 2017, the fx reserve has been hitting $40 billion. Under Tinubu's regime, it has hit $40 billion over 3 times on the news. Na wa oh

Demolaeby:
Good afternoon sir.
In response to the questions you raised, find the attached a contract note specimen. (Sorry the name is blocked for privacy matter).
For any money you invested you will be issued a contract note. This is in line with the investment and securities act 2007: part vi - section 44(2) - "A client or any person authorised by the client shall be entitled at any time, free of charge either personally or by his agent, to inspect any contract notes and vouchers relating to the said transaction."

In the contract note, you will see all the statutory charges relating to a transaction (I have also attached a summary of the charges from the Nigerian stock exchange).
The note help you see how your fund has been invested.
My job is to advise you, follow up on your buy or sell instructions and ensure the right shares and bond are in your portfolio for the growth of your investment. Put it in professional term I am your portfolio manager.

In order for me to track your investment and account for all buys and sells, all funds will pass through my bank account.

My reward is my professional fee, which is NGN500,000 (five hundred thousands naira only). This fee shall be reviewed annually.

megawealth01:
See bitisi and manipulation

kintus:
All the liquidity down there must by swept off...clear out all the stop-loss

Princkez:
ELLAHLAKES will shock us with its upcoming announcements....discussion still ongoing..

NSEstudent:
This being a public forum means you can share to them. I am not sure you'd be breaking any law that I am aware of by doing so.

I don't think the brokers or the developer of that iTrade platform can do much about withdrawal period for sales that happen same day. I suppose the NGX, CSCS and other relevant stakeholders have to play a part in vetting and reconciling sales before final clients can have them in their accounts. Even those who use direct cash settlement don't receive the funds same day they sell.

As for depositing and withdrawing funds that have stayed T+3 days in clients' accounts, I believe they can do better.

OoDeeA:
Pls which platform do you use that allows you to see all this market transactions. Mine does not putting me at a disadvantage of information.
Abeg let me know.

Princkez:
ELLAHLAKES will shock us with its upcoming announcements....discussion still ongoing..

Streetinvestor2:
Make u dey get small shame
This is how u lied they already had 250 billion on ground before the agm

Prolificlife:
sure am eagerly waiting oh!

awesomeJ:
I still think it's same to ask permission, public forum or not 😁

For withdrawals, traders like myself often have a significant portion of our portfolio as cash, so when we make withdrawal requests, they're not from shares sold on the given day, but rather from our existing cash balance, so that's the use case for making it instant.

GeneralDae:
Maybe the CBN is more interested in building reserves as a buffer first before strengthening the naira. Remember, CBN can also buy dollars away from the market rather than allowing it flow and stay in the market organically.

Strong reserves help the Government with foreign debt servicing which means we are very unlikely to default on our debts anytime soon. Ghana defaulted in 2022 because they had weak FX reserves compared to the debt they had to service then. Same goes for Ethiopia, Zambia, Argentina who have all defaulted and ran to the IMF.

To me, rising reserves are very important and one of the most important macro indicators. It means your economy has some kind of buffer against your foreign debt servicing (which usually takes away most of the dollars everyday alongside imports and FPI outflows)

Princkez:
ELLAHLAKES will shock us with its upcoming announcements ....discussion still ongoing..

Princkez:
we will definitely smile at last...