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Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsForeign Reserves Rise To $51.04 Billion, Highest Level In 17 Years (4711 Views)

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Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by jamafa: 9:51pm On Jun 19
Justnation:
What is the value of life in Nigeria?,
How much has this government stolen from the national purse?

Stop fooling yourself with stupid noises about foreign reserve, when triple that amount has been looted by the government.
Change your mindset oga
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by ArcSEMPECJ(m): 10:10pm On Jun 19
Audio foreign reserves....very pathetic propaganda Government and her supporters....

Once I saw the name of the carrier of the news, j just knew they have come again, people of unlike minds ....
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by ArcSEMPECJ(m): 10:12pm On Jun 19
jamafa:
Change your mindset oga
He changed it when Tinibu and Buhari did a protest that PDP has stolen enough from Nigeria only for him to notice that even the man who has a case with the EFCC can be a Senate President in Nigeria .....very pathetic
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by tnerro1(m): 10:18pm On Jun 19
Papa account full for bank but him children for house dey find am difficult to chop, and dem go say the papa na good man for outside house…. Shame
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by FIRDAUS3(m):
Ezeama400:
Some of you should be ashamed of yourselves..


What are you celebrating?

You climbed from 48-51 and you are throwing owambe, while other African countries have left you behind..

It’s a pity..
Relocate to one of those countries that left us behind naa, must you stay in Naija by force undecided
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by demstone: 11:03pm On Jun 19
3YRS AGO WE HAD ABOUT $3B RESERVES

NAIRA WAS FLUNCTUATING LIKE PENDULUM..

NAIRA CARD REJECTED ALL OVER THE WORLD..

NIGERIA COULDNT PAY BACKLOG OF DOLLAR DEBT TO AIRLINES

EMIRATES AIR LEFT

DUBIA BAND US

CHINA SIEZED OUR PRESIDENTIAL JET

WE HHAD TO PRINT MONEY TO SUSTAIN THE ECONOMY..

28 OF 36 STATES COULDNT PAY SALARIES
tnerro1:
Papa account full for bank but him children for house dey find am difficult to chop, and dem go say the papa na good man for outside house…. Shame
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by Misterone: 11:28pm On Jun 19
Dogalmighty17:
Is this what celebrating? The largest black nation on earth? That's little less than 15% of our GDP and can barely sponsor 3 months of imports.
But if it had gone down, you and your principal would have run to arise tv to shout Bangladesh and Malaysia. Nobody is saying it's Eldorado but that there's progress.
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by themanderon: 11:30pm On Jun 19
How does this affect the price of fish in the market?
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by NwaliE01: 12:05am On Jun 20
Hahaahahaa. Theory!!!
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by deji17: 12:23am On Jun 20
Tinubu wonders
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by GUNITGuy: 1:28am On Jun 20
Ezeama400:
Some of you should be ashamed of yourselves..


What are you celebrating?

You climbed from 48-51 and you are throwing owambe, while other African countries have left you behind..

It’s a pity..
Were was it before Tinubu came in ...
It was round 28- 33 B$...
That's a good one from BAT
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by anonimi: 2:40am On Jun 20
blamingthedevil:
God Bless President Bola Tinubu
The Best President in the history of Nigeria
Why do you think that God is so foolish like 200 million Nigerians, to bless someone who borrows more than previous presidents, to report on increasing foreign reserves, after saying he has enough revenue from higher tax burden on us, so he won’t have to borrow anymore huh

What makes you think that God is like you in this regard?




https://www.youtube.com/watch?v=Bn29b0SkCWU?si=_ItkKhpUPTg8Kyts

Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by anonimi: 2:56am On Jun 20
GUNITGuy:
Were was it before Tinubu came in ...
It was round 28- 33 B$...
That's a good one from BAT
A good propaganda from the master strategist of playing politics with Nigerians’ welfare?

How do you know that this reported reserves story is not false from president aBAT 🦇, just like it was when Buhari was president huh How do you know?

Auditor reveals over-reporting of Nigeria’s foreign reserves

Thu, 17th Aug 2023

More than 40% of foreign reserves held by the Central Bank of Nigeria (CBN), about US$34bn in early August, are encumbered assets, according to the CBN’s audited financial statement for 2022.

The report was published in early August 2023 and is the CBN’s first since 2015. Using the equivalent amount of securities in its foreign-exchange reserves as collateral, as of end-2022 the CBN had borrowed US$7.5bn from overseas banks and owed more than US$7bn as a counterparty in foreign-exchange forwards. In total, US$14.7bn of the CBN’s foreign reserves are claimed in some form.

https://www.eiu.com/n/auditor-reveals-over-reporting-of-nigerias-foreign-reserves/
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by Talismann: 3:05am On Jun 20
na statistics we go wack?
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by Nwaiyoo: 4:15am On Jun 20
Odi mma! And how much do we owe as a country, how does the life of average Nigerian looks like? Even foreigners like Aboki shine my shoe had all left the street becos our currency is weaker than that of Niger. We need balanced economic policies the will reflect positively on the daily activities of Nigerians. Not just figures that has no positive direct impact on the economy and daily lives of the citizens.
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by Titogbanski: 4:32am On Jun 20
Only in Nigeria do we talk of this phantom foreign reserve.

How can there be so much suffering and you ssy foreign reserve
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by Sirianese:
blamingthedevil:
https://nairametrics.com/2026/06/19/foreign-reserves-rise-to-51-04-billion-highest-level-in-17-years/
A measly 57 billion dollars in reserves against three humongous fiscal deficits, each one bigger than the Lagos Lagoon
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by dagbas: 5:17am On Jun 20
And also highest borrowing government in the history of Nigeria with nothing to show off!
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by garykoeman: 5:32am On Jun 20
Tinubu is the best.
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by Moroccoguy: 5:32am On Jun 20
blamingthedevil:
We can't talk about anything positive about Nigeria - Peter Obi and Supporters




We must do everything in our power to keep this government going. I can only imagine how bullish the Nigerian economy will be in another 5 years!
Copied
Those people we are sharing country with never see that as their leader lack vision except copy copy, China went to China.
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by Omonda(m): 5:42am On Jun 20
Please what's our total debt? 🤣🤣🤣🤣🤣
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by Wakanakarue: 6:43am On Jun 20
Foreign reserve keeps rising while Nigerians keeps getting poorer and struggling to feed and provide basics.


Something is really wrong with this voodoo economics of tinubu.
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by RockyEyo(m): 6:46am On Jun 20
I heard that data rate is about to be raised hmmm is common man still existing in Nigeria.
This news please how exactly does it affect or translate to putting food on the table of ordinary people

KennethOkonkwo:
They are celebrating rise.

Be sad on your country progress for all you care
Peter OBi will still not be president
Double sadness for deady body
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by zionstaar75(m): 6:49am On Jun 20
Justnation:
What is the value of life in Nigeria?,
How much has this government stolen from the national purse?

Stop fooling yourself with stupid noises about foreign reserve, when triple that amount has been looted by the government.
cry harder enemy of state very soon your eyes will clear.unstoppable progress can not be hidden.before December the progress will be evident and y'all can go hug the transformer
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by geoworldedu: 6:58am On Jun 20
KennethOkonkwo:
They are celebrating rise.

Be sad on your country progress for all you care
Peter OBi will still not be president
Double sadness for deady body
Let's celebrate rice grin
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by MrSly(m): 7:11am On Jun 20
blamingthedevil:
https://nairametrics.com/2026/06/19/foreign-reserves-rise-to-51-04-billion-highest-level-in-17-years/
And now naira is ₦1 to 1000usd. Tinubu is working wonders. Our bigotry induced hypocrisy in this country is unreasonable and alarming.
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by MrSly(m): 7:15am On Jun 20
Parachoko:
Obidients hate this kind of news
Nigerians detest the shanahigans of this govt. What is the impact of the foreign reserv to the local economy? Absolutely nothing. All we you lot celebrate now is a concocted story , published to deceive Nigerians with a single proof. Just paper write up published on public domain.
An improved reserve also improves exchange rate. That is the proof. Has exchange rate improved?
Re: Foreign Reserves Rise To $51.04 Billion, Highest Level In 17 Years by MrSly(m): 7:20am On Jun 20
Ezeama400:
Some of you should be ashamed of yourselves..


What are you celebrating?

You climbed from 48-51 and you are throwing owambe, while other African countries have left you behind..

It’s a pity..
In 2014 SA had only about 15billion USD more than nigeria. In 2026 they have double of Nigeria's reserve. And emilokans are throwing owambe. That is how uninformed they are, from tinubu to all of them are very uninformed.
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