Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 - Business

Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 (2750 Views)

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Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by abc115(op): 11:38am On Oct 14

Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009

Nigeria’s foreign exchange reserves rose to $58.81 billion on October 12, 2026, their highest level since November 19, 2008, when reserves stood at approximately $58.91 billion.

Source

12 Likes

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Jakarta: 11:55am On Oct 14*

Foreign reserves, wey dey reserve poverty.

17 Likes 3 Shares

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by PulaPower: 12:56pm On Oct 14

I just saw it on TikTok few mins ago..

Only one Jagaban!

Winning is for winners!

26 Likes

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Fearurcreeator: 12:58pm On Oct 14

Rest , una no dey tire . Na bad news una dey always like Sha, good news go far from una no be small. Try dey love good news

14 Likes

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Isobug: 12:58pm On Oct 14

Nonsense and irrelevant news, what's the effect to common man on the streets of Lagos to Zamfara to Abakaliki and to Plateau.
We want real human welfare development not one unreal paper economics

15 Likes 3 Shares

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by WorkTheTalk(m): 12:59pm On Oct 14*

You mean the Nigeria's foreign reserves that are used as collaterals for foreign loans?

The correct headline should be:
"Nigeria’s FOREIGN LOANS COLLATERALS Rose To $58.81 Billion Highest Since 2009"

Don't forget to add that an additional 17.9 million Nigerians fell into multidimensional poverty between 2021 and 2024, the highest increase recorded by any country globally, according to a new report by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI).

In 2025/26, about 144.9 million Nigerians are experiencing hunger due to Tinubu’s RENEWED HOPELESSNESS.

6 Likes 3 Shares

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Fearurcreeator: 12:59pm On Oct 14

Isobug:
Nonsense and irrelevant news, what's the effect to common man on the streets of Lagos to Zamfara to Abakaliki and to Plateau.
We want real human welfare development not one unreal paper economics

Common man should stop being common . Anything common no too dey get value. You sef no like common things. Stop being common. Upgrade

19 Likes

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by EdiskyHarry: 1:00pm On Oct 14

Na statistic we go chop? ( TINUBU 2023)

2 Likes 2 Shares

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by sacajawea(m): 1:01pm On Oct 14

Update.
#If you know you know

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Basic123: 1:01pm On Oct 14*

TINUBU

TINUBU

TINUBU

TINUBU

TRUE LOCAL GOVERNMENT AUTONOMY

TRUE LOCAL GOVERNMENT AUTONOMY

THAT IS THE ONLY WAY THE INCOME GOTTEN FROM YOUR REFORMS CAN GET TO THE GRASS ROOT.

THE MONEY IS STOPPING AT THE STATE 36 CAPITALS INSTEAD OF 700 PLUS LOCAL GOVERNMENT HEADQUARTERS.

AT EACH 700LGS CONTRACT WILL BE AWARDED,JOB WILL BE CREATED,PEOPLE WILL MOVE BACK TO RURAL AREAS TO TAKE JOBS AND PARTICIPATE IN LOCAL POLITICS.IT WILL ALSO REDUCE INSECURITY.

DONT MIND THE GREEDY GOVERNORS.GIVE LOCAL GOVERNMENT AUTONOMY LEGAL BACKING AND WRITE YOUR NAME IN GOLD IN THE ANNALS OF THIS COUNTRY HISTORY.

We wish you well!

6 Likes

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Beniyke1: 1:02pm On Oct 14*

No one cares about these nonsense reserves that doesn’t reflect on the lives of the masses with the level of poverty and suffering in the country.

4 Likes 3 Shares

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Birikiti: 1:05pm On Oct 14

Again, another sad news for enemies of Nigeria.

Una eyes go peel grin

11 Likes

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by SocialFinance: 1:08pm On Oct 14

See their comments, too myopic and lack understanding of simple economics

Hypocrite, they celebrate the Lamba man for saving money and doing nothing for 8yrs

Our traders economist is only interested in Nigeria debt, that's what give them erection.

They don't understand the meaning of balance sheet or financial statement. Na container language they sabi

I'm happy to be alive at this time when Nigeria economic growth is among worlds top 5.

6 Likes

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Stanna2025: 1:08pm On Oct 14

The thunder that will fire Tinubu and this reserve is warming up. God punish you all and reserve while the masses struggle 😭😭😭

5 Likes 2 Shares

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Jaked: 1:08pm On Oct 14

abc115:
Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009

Source

Audio reserves.
Their dumb skull followers will argue with their keypads

1 Like 1 Share

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by deetin(m): 1:08pm On Oct 14

What is all these nonsense for Gods sake . Are they just saving money to appear “good” in the books?

The people you promised to save are wallowing in abject poverty and poverty index has increased but you are celebrating increase in foreign reserves, money that came directly from the same people you promised to save that are now wallowing in abject poverty. Is it just to save money and impoverish people? Or use it to build coastal road and not improve their standard of living ? . It’s very annoying.

This is knowing theory but failing at practical ,

Knowing objectives but failing at the field .

The final measurement of a government is the approval and satisfaction of its people not the style of paying data boys to defend their shortcomings . The Nigerian citizens that are feeling the heat needs to wake up .

And the biggest disappointment is for the next government in 2031 to say they met an empty treasury that Nigeria was already heading to the ditches when they came into power , same song different artist cry

😭😭😭😭😭😭😭.

1 Like

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Flangelo12: 1:11pm On Oct 14

Great news.

This new is not for economic illiterates.

7 Likes 1 Share

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Exceed15: 1:11pm On Oct 14

PulaPower:
I just saw it on TikTok few mins ago..

Only one Jagaban!

Winning is for winners!

Toor may your life and ur children be like the situation of Nigeria under tinubu

4 Likes

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Hemanwel(m): 1:14pm On Oct 14

Hehehehehe. Foreign reserves dey rise, the citizens are hungry.

Papa wey dey prioritize savings and having fat bank accounts while leaving the children to go hungry. What do we call that one?

4 Likes 1 Share

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by chicfarmer: 1:16pm On Oct 14

Cardoso dey deliver. Well done 👍👍

2 Likes 1 Share

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by faoogoke(m): 1:18pm On Oct 14

Make them share the money for every Nigerian abi?

Hemanwel:
Hehehehehe. Foreign reserves dey rise, the citizens are hungry.

Papa wey dey prioritize savings and having fat bank accounts while leaving the children to go hungry. What do you call that?

1 Like

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Darekiki: 1:20pm On Oct 14

Tinubu no be anybody's mate now.
And some yeye guys dey compare in agulu who is suppose to be contesting for chairman local government with the president. Na luck obi get to be anambra governor
Same thing with Atiku who was formerly a vice president expecting his manifesto to be excellent. But attacking the sitting president.
Seems Obi and Atiku are both empty of what they will do to better the life's of Nigerians.
They will both repeat their cry in 2027.
Na TRADITION

2 Likes

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by olaNL: 1:20pm On Oct 14

Good progress. We should aim higher

3 Likes

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Image123(m): 1:22pm On Oct 14

Jagaban the master strategist

1 Like 1 Share

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Image123(m): 1:23pm On Oct 14

Hemanwel:
Hehehehehe. Foreign reserves dey rise, the citizens are hungry.

Papa wey dey prioritize savings and having fat bank accounts while leaving the children to go hungry. What do we call that one?

Saving money no be your fraudulent candidate only achievement before Anambra government cast him scope?

2 Likes

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Hemanwel(m): 1:24pm On Oct 14

faoogoke:
Make them share the money for every Nigerian abi?

Why not take the back seat and allow the people who know what to do with foreign reserves take centre stage, if the best you can offer is growing foreign reserves while starving off the citizenry?

2 Likes 1 Share

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by tfelicityk(m): 1:25pm On Oct 14

Why are some elites, their foreign allies and cohort, some ethnic and religious leaders in this Nation don't want Nigeria to be great than 1st world countries? What are they afraid of? Even if the evildoers don't want growth and development for the Nation.

Can't they themselves for once judge their own conscience of being deceitful and ungodly to the Land and people of the Nation.

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by amaridigital(m): 1:26pm On Oct 14

deetin:
What is all these nonsense for Gods sake . Are they just saving money to appear “good” in the books?

The people you promised to save are wallowing in abject poverty and poverty index has increased but you are celebrating increase in foreign reserves, money that came directly from the same people you promised to save that are now wallowing in abject poverty. Is it just to save money and impoverish people? Or use it to build coastal road and not improve their standard of living ? . It’s very annoying.

This is knowing theory but failing at practical ,

Knowing objectives but failing at the field .

The final measurement of a government is the approval and satisfaction of its people not the style of paying data boys to defend their shortcomings . The Nigerian citizens that are feeling the heat needs to wake up .

And the biggest disappointment is for the next government in 2031 to say they met an empty treasury that Nigeria was already heading to the ditches when they came into power , same song different artist 😭😭😭😭😭😭😭.

When Obi claimed that he saved trillions of Naira in Anambra coffers without any tangible development the headless mobs hailed him but when the Tinubu Government increased our foreign reserves they are angry.
This one pass juju oh. Their beloved Okonjo Iweala told the world yesterday how she discovered almost #4Trillion subsidy scam when she was in Government and the Companies benefiting from such scams threatened her and kidnapped her mother. The same subsidy scam their packaged fraud want to return to if elected God forbid.

2 Likes

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Gboss247(m): 1:31pm On Oct 14

Jakarta:
Foreign reserves, wey dey reserve porverty.

For Nigeria defeat poverty, external forex reserve should be minimum of $1 trillion. This is achievable through manufacturing, exportation, less importation birth control.

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Gboss247(m): 1:35pm On Oct 14

Fearurcreeator:
Common man should stop being common . Anything common no too dey get value. You sef no like common things. Stop being common. Upgrade

Your comment is both funny and logical. Common man wants to escape poverty but don't know importance of forex reserve.

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by HisXLNC1: 1:36pm On Oct 14

All these mean nothing...
If the people can't have quality education.
If the people have no peace.
If the people are dying of disease and starvation

1 Like

Re: Nigeria’s Foreign Exchange Reserves Rose To $58.81 Billion Highest Since 2009 by Reference(m): 1:36pm On Oct 14

Good one. At least it will stabilize the value of the naira. Can't think of any other benefit that is not countered by the poor state of the economy making the whole issue not that relevant.

1 2 Reply

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