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Nairaland Forum / Nairaland / General / Politics / Where Is Nigeria Gold (837 Views)
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Where Is Nigeria Gold by CAMNEWTON4PRES: 7:53pm On Mar 03, 2016 |
Why is that nobody is talking about? Or Nigeria doesn't have gold reserves ? |
Re: Where Is Nigeria Gold by baralatie(m): 7:59pm On Mar 03, 2016 |
It is in the north!so you can guess why there is less talk 1 Like |
Re: Where Is Nigeria Gold by CAMNEWTON4PRES: 8:13pm On Mar 03, 2016 |
baralatie:What do you mean it is in the north ? Is your gold not supposed to be in your CNB? I mean I have seen people talking about dollarization Others are now forcing the consuming Nigerians, neglecting the impact of taste and technology preferences . A quicker way to prop up the naira and stop the black market being created around this would b to use your gold to buy dollars |
Re: Where Is Nigeria Gold by baralatie(m): 8:22pm On Mar 03, 2016 |
CAMNEWTON4PRES:What is the stock of gold that Nigeria has |
Re: Where Is Nigeria Gold by CAMNEWTON4PRES: 9:23pm On Mar 03, 2016 |
baralatie: Well that's the purpose of the thread. You hhave any idea? Maybe the biggest bombshell of this administration and the past ones, is the extend to which Nigeria has been mismanaged . still I refuse to believe Nigeria has no gold or enough gold to defend her currency . we know the foreign reserve is dwindling, reaching all times low . devaluating seems not to be an option ,and Nigeria remains an agrarian economy . |
Re: Where Is Nigeria Gold by tpiar: 10:52pm On Mar 03, 2016 |
What type of gold are you referring to? Perhaps you should rephrase your question. |
Re: Where Is Nigeria Gold by CAMNEWTON4PRES: 10:55pm On Mar 03, 2016 |
tpiar: Obviously processed minerals. Gold bars I guess |
Re: Where Is Nigeria Gold by tpiar: 11:10pm On Mar 03, 2016 |
CAMNEWTON4PRES: If Nigeria has gold, obviously it should be overseas. For gold mining, thats in the north I think. For black gold, the south. |
Re: Where Is Nigeria Gold by lepasharon(f): 12:28am On Mar 04, 2016 |
We no get gold..nah oil we get |
Re: Where Is Nigeria Gold by kayfra: 12:47am On Mar 04, 2016 |
It's at CBN or whoever CBN kept it with. We have 21.37 tons of gold reserves. Selling it now will be at a loss since gold prices has dropped. |
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