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Nairaland Forum / Nairaland / General / Business / Data Shows CBN Not Defending Naira With FX Reserves - Businessday (17498 Views)
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Data Shows CBN Not Defending Naira With FX Reserves - Businessday by emkz: 10:49am On Apr 18 |
Data showing the Central Bank of Nigeria (CBN)’s rare interventions in the foreign exchange market prove that it is not defending the naira with its foreign reserves. https://businessday.ng/news/article/data-shows-cbn-not-defending-naira-with-fx-reserves/ 123 Likes 6 Shares
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Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by emkz: 10:49am On Apr 18 |
Unfortunately, some aliens claim CBN is depleting the reserves to defend the naira. May the enemies of Nigeria who continually expose themselves find no joy in the fulfillment of their evil wishes upon the country. Below is a comment I dropped elsewhere: emkz: 166 Likes 15 Shares
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Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Melagros(m): 10:52am On Apr 18 |
COMRADES propaganda at its peak 28 Likes 1 Share |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by emkz: 10:53am On Apr 18 |
Melagros: It is not propaganda. It is an investigation by independent sources. Try and read and avoid ignorance peddling like someone who reasons anally. 241 Likes 12 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by thesicilian: 10:58am On Apr 18 |
emkz:The worst thing you can do with your time is to try and engage the emergency lovers of Nigeria in a logical conversation. Leave them to believe whatever they want to. 132 Likes 9 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by emkz: 11:01am On Apr 18 |
thesicilian: Brother, we must. These people are not exposed at all. We have seen their likes set countries on fire. They have no clue about nation building and want to burn down things because they lost elections. While my intention is not to change them because they are far gone, my efforts are to prevent others from being converted, especially their children and fencesitters who may be indoctrinated with their poison. 213 Likes 10 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Lizzysamuel(f): 11:03am On Apr 18 |
emkz: Shut up oo. Nobody takes anyone that supported Buhari and his policies for 8 years serious. You guys can continue in your sychophancy. Real Nigerians will always counter your propaganda and lies. If you like cry 54 Likes 6 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by thesicilian: 11:05am On Apr 18 |
emkz:Well said bro. It's more about containment of their viral spread of ignorance and misinformation. 75 Likes 4 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by CodeTemplar: 11:07am On Apr 18 |
he skillfully disguised his comment about example of what can affect fx reserve balance to sound like he was speaking specifically about Nigeria. 7 Likes 1 Share |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by shortgun(m): 11:08am On Apr 18 |
Lies, as long as our foreign reserves is depleted in whatever guise, they are definitely using it to defend the naira. These are the ways to strengthen any local currency: Massive Production Reduced inflation Exportation Massive foreign investment None of these is happening and you want us to believe Tinubu is not mortgaging our future just to save face? 20 Likes 2 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by tollyboy5(m): 11:12am On Apr 18 |
I don't know why you're trying to Educate BitterObi fans lol . 43 Likes 3 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Paraman: 11:12am On Apr 18 |
Make I bookmark this thread 6 Likes 1 Share |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Artscollection: 11:13am On Apr 18 |
See as animals up there are comforting themselves 2 Likes |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by emkz: 11:14am On Apr 18 |
Lizzysamuel: You assumed I supported Buhari for 8 years? Please which university graduated you? As for the 2nd point of being a sycophant, I am too big to be anyone's sycophant. I am also too big to run with a mob. As for calling yourself "real Nigerians", that itself does not make sense. You are either a Nigerian or not. There is no real or fake Nigerian. But there are Nigerians who do not wish the country well. They are dying because the person they promoted was defeated in an election. They condemn every effort by their nemesis to fix the country. They manufacture lies in their heads and start celebrating. 123 Likes 3 Shares
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Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by predictor1: 11:31am On Apr 18 |
emkz:We've said it over and over. Debts were paid, forex obligations were met and Nigeria being a major importing country will dip heavily ino the foreign reserve from time to time. But the Obidienciaries were not ready to listen. 25 Likes 2 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Ofunaofu: 11:40am On Apr 18 |
Which Data There's nothing like Data and statistics under this "na statistics we go chop" government 4 Likes |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Validated: 11:41am On Apr 18 |
Okay, keep doing what you like. We do not want to hear that Naira depreciate again. Some of us in the Obidients group only want to see Nigeria progress, no matter who leads. Just do the right thing. My problem with agbadonians are their stupid hypocrisy and and Tribalistic thinking. 2 Likes 3 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Iamgrey5(m): 11:42am On Apr 18 |
I don't understand the need for people to attack the stability of Naira based on limited knowledge of the operations of the central bank? Even if CBN is defending Naira with our reserve, why should we encourage speculators to drag our currency to a terrible rate by stroking fear? Don't they understand that the poor who don't have the money to "trade dollars for Naira and vice versa" will suffer the most? And that is apparently 70% of Nigerians according to World bank data I was surprised that a so called human rights Activist like Aisha Yesufu will let humanitarian needs fly over her head to start acting like a bitter soul. 122 Likes 5 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by predictor1: 11:45am On Apr 18 |
Iamgrey5:That lady Aisha whatever was actually encouraging people to keep on speculating against naira. You see the grouse people have against obidicianries? 26 Likes 3 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Iamgrey5(m): 11:52am On Apr 18 |
predictor1:She was actually telling speculators to hoard dollars that they don't need for any transactions to force Naira to crash against Major currencies. I have never seen opposition actively encouraging economic saboteurs in my life. 118 Likes 4 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by garfield1: 11:55am On Apr 18 |
Up Tinubu,up cardoso 17 Likes 2 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by YorubaDemonswag: 11:56am On Apr 18 |
Obidunce people are coming for your head 15 Likes 1 Share |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by blancsn1: 12:06pm On Apr 18 |
If seun n his Nigeria hating mods move this topic to the frontpage make I get bele as a man 9 Likes 2 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by yoruboid: 12:10pm On Apr 18 |
The man men advising a certain presidential candidate will soon flood this thread wailing 10 Likes 1 Share |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by predictor1: 12:21pm On Apr 18 |
Iamgrey5:They've killed Obi's chances patapata. Many Nigerians are watching them and their evil wishes and will wait for them at the polls. 26 Likes 3 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Babaibeji2020(m): 12:21pm On Apr 18 |
emkz:U mean the kinda bobrisky reasoning? 3 Likes |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by fortunez1(m): 12:29pm On Apr 18 |
Beautiful 5 Likes |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by fortunez1(m): 12:29pm On Apr 18 |
K |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by fortunez1(m): 12:29pm On Apr 18 |
Spaceavai |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by Princewill1(m): 12:29pm On Apr 18 |
The Naira depreciations that were reoccuring since last year was actually as a result of speculative activities at BDC and Binance not because the economy was consuming more USD in importation. It is reserving back to it's true value because the criminal speculation has been crippled. Any Nigerian living in Nigeria supporting the devaluation in order to prove your political affiliation right is a big dunce. And if you're supporting it because you're earning in dollar in Nigeria, you are a more bigger dunce. I don't support nonsense behaviour. 29 Likes 3 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by WorldRichest: 12:47pm On Apr 18 |
Emilokan Tinubu + Yemi Cardoso + Wale Edun = Tinubunomics ACE: Adedeji Cardoso Edun Tinubu has disgraced all the enemies of the country that have been predicting nonsense. Na Ogun go kee their Mama 23 Likes 2 Shares |
Re: Data Shows CBN Not Defending Naira With FX Reserves - Businessday by LegendHero(m): 12:50pm On Apr 18 |
All the enemy of Nigeria are sad at this news. How can you be sad that your country currency is appreciating? 21 Likes 3 Shares |
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