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Nairaland Forum / Nairaland / General / Politics / Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily (3478 Views)
Sanusi’s Sack As CBN Governor Still Affecting Nigeria’s Economy, Ex- Bank Chief / Foreign Reserve Has Risen By $2.89b In One Month Under Buhari – Emefiele / Coronation Of Sanusi Lamido As The 14th Emir Of Kano (Photos) (2) (3) (4)
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by kernel504(m): 7:53am On Aug 08, 2014 |
eaglechild: So the mallam was clueless all along. He was too biased and sectional as the central bank governor. His policies and "approach" towards reforms were too poor, example the way he handled the rot in Oceanic bank and other banks affected investors confidence towards Nigerian banks. Today, Key-Stone bank and some other banks that came out of that reform are having empty halls, because they don't have investors confidence anymore, with lots of people rendered unemployed as a result of his uncalculated economic approach. In America and Europe is common seeing banks involve in shady deals, but then, they are often sanctioned with investors interest protected. 3 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by ChimaAdeoye: 7:53am On Aug 08, 2014 |
Sincere9gerian: Since the FG sacked the controversial former CBN governor, Mallam Sanusi, followed by the appointment of a new CBN governor, the nation has witnessed a steady rise in the foreign reserve and excess crude account. In addition, the naira has been relatively stable.No more donation of the nation's resources to almjiris and trying to hide it by accusing the FG of stealing $20 billion dollars, Really evil people. 8 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by vedaxcool(m): 7:54am On Aug 08, 2014 |
fitzmayowa: Just asking...was sanusi responsible for the drop in excess reserve Ebola Jonathan supporters are not the smartest cookies in the jar, poverty seems to have erode their ability to make sound judgement and by extension their comments on this thread. For #30,000 this individuals have sold their future and their children future, tell me what is more shameful and soul drenching than that? |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Nobody: 8:34am On Aug 08, 2014 |
vedaxcool:we are posting smart, you are posting trash. 4 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Nobody: 9:03am On Aug 08, 2014 |
fitzmayowa: Just asking...was sanusi responsible for the drop in excess reserveYes, through his actions or inactions as the then CBN governor |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by vedaxcool(m): 9:06am On Aug 08, 2014 |
Largas: All i see is poverty talking trash! |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by JEITO: 9:27am On Aug 08, 2014 |
Sanusi lamido sanusi following the footsteps of Abacha since 1759 He went to sign an agreement that brought Islamic banking into Nigeria. Since then...... |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Nobody: 9:33am On Aug 08, 2014 |
On paper |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by dustydee: 9:42am On Aug 08, 2014 |
Sincere9gerian: Since the FG sacked the controversial former CBN governor, Mallam Sanusi, followed by the appointment of a new CBN governor, the nation has witnessed a steady rise in the foreign reserve and excess crude account. In addition, the naira has been relatively stable.You are pathetic. How did the former CBN governor deplete the reserve? Was he the one that shared money to "loyal" governors as ecological funds? Please try and be objective otherwise people will stop taking you serious. |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by luvinhubby(m): 9:49am On Aug 08, 2014 |
kernel504:Agreed! The worst was the extermination of 60 % of the jobs created by the banking sector during the Soludo merger era by his vindictive & dubious policies. We really dodged a bullet by his sack. |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by omenka(m): 10:06am On Aug 08, 2014 |
Every single development that has come to the country since the emergence of this intricately corrupt administration, that stumble from one financial scandal to another, has been ON PAPER!!! 1) I buy fuel at a higher cost!! 2) More and more people turn up for job interviews with unimaginably limited job openings. 3) Insecurity has been on the rise. 4) Industrial actions are more frequent than ever. 5) The politicosphare remains highly charged. 6) An epidemic which poses an existential threat to the country found its way into our borders. 7) Inflation is constantly on the rise. One can hardly find a commodity that sells for N5 these days. 8.) Oil bunkering reached neck breaking levels despite a fraudulent multi million dollars contract awarded criminals by the government to protect the water ways. Piracy along our maritime borders has also been on a steady but alarming increase. 9) More committees have been set up with huge amounts of moneys expended on them than we had in the two regimes that preceded this one, without a single benefit to account for all that had been spent. 10) Recurrent expenditure has burgeoned in the last four years to the detriment of the people. 11) The government is yet to explain how it came about spending over four times the expenditure on subsidy as we used to prior 2011. I mean, did the consumption of petroleum products quadruple within four years?? .... too many to mention. And what has the government done besides blaming every one but itself for its failures ![]() Sickening piece of sh!t. 3 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by shizzle11(m): 10:23am On Aug 08, 2014 |
sanush1t was a political governor all through, he was more interested in playing to the gallery. He was more like a cancer foe all i care |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by M0GIDI: 10:43am On Aug 08, 2014 |
We always knew Sanusi was probably using govt money to pacify his bokoharam associates. The truth is out!!!! |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Nobody: 11:48am On Aug 08, 2014 |
not surprised |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by 1wolex85: 12:38pm On Aug 08, 2014 |
simple question, nobody has answered. Why are we borrowing 1bill dollars to fight bokoharam if the excess crude account has increased? Someone who has a logical explanation should please post. |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Gbawes: 12:44pm On Aug 08, 2014 |
Sanusi is to boko haram what the pope is to Catholicism. Good riddance to bad rubbish. |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Reptyle(m): 12:50pm On Aug 08, 2014 |
JEITO: Sanusi lamido sanusi following the footsteps of Abacha since 1759 All he did was conclude the work that Soludo started during his tenure. Na person like you go baff salt water to prevent Ebola... ![]() |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Reptyle(m): 12:53pm On Aug 08, 2014 |
1wolex85: simple question, nobody has answered. Don't mind all this jokers pulling statistics from Okonjo Iweala's powerpoint presentations as usual. |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by atlwireles: 1:28pm On Aug 08, 2014 |
The market has been saved from that constant pressure the Naira was under. Sanusi spent about $1.5B monthly supporting the Naria. Since the new CBN chairman came on board, exporters have become the regular suppliers of dollars to the market, not CBN. |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Nobody: 2:02pm On Aug 08, 2014 |
When the exultad seat of the CBN is given to a Sharia expert, especially one with Islamisation as his passion, anything can happen! The only reason anyone will defend Sanusi is sentiment. Enough of Nigeria though! |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by F117A: 2:06pm On Aug 08, 2014 |
1wolex85: simple question, nobody has answered.You dont just go withdraw from your reserves anyhow without the risk of devaluing your currency. That's why countries find it safer to borrow. 3 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by IGBOSON1: 2:22pm On Aug 08, 2014 |
If i had my way, i'd place the nations economy (finances, banking, pensions, etc) in the hands of southerners for at least the next 20 years! The core Muslim north just doesn't have the qualified manpower to handle these critical sectors! 2 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Rikidony(m): 3:09pm On Aug 08, 2014 |
SANUSI LAMIDO SANUSI WAS A POP STAR BANKER HE DOES NOT GIVE A FVCK. ALL HE CARES WAS TO KEEP PAYNG FOR THE AWARDS HE WON WHILE OUR ECONOMY WAS FALLING DRASTICALLY. |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by jpphilips(m): 4:11pm On Aug 08, 2014 |
Alishachris: Its been long I saw dollar at 160naira truth be told, it got so bad that it sold for 169naira at some point, I really don't care who did what, all I demand is results, don't be amazed that if you go deeper into the nitty gritty of this current economic growth, it may transcend beyond CBN and whoever is piloting its affairs. Cant get excited in a Jonathan's administration, his failure to sack Onyebuchi chukwu on this Ebola madness is incompetence personified. |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by jpphilips(m): 4:17pm On Aug 08, 2014 |
Sincere9gerian: Certified m0r0n with PHD, do you even know what is excess crude reserve/revenue? kai! kai! your illiteracy can be mistaken for madness due to your blind support for Jonathan, earning a living has made you mad. CBN policies can stabilize the naira, any sane mind will leave it at that. The ECR is hinged on so many factors, CBN being the least on the list. |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by atlwireles: 4:21pm On Aug 08, 2014 |
jpphilips: Why do you vomit rubbish all the time? 2 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by jpphilips(m): 4:26pm On Aug 08, 2014 |
1wolex85: simple question, nobody has answered. There is no logic in it, the ECR does not belong to the FG alone, it belongs to the three tiers of Govt as such cannot be used to fund an FG only project, the best the FG could do is to use her share to fund her projects, but with SWF, SURE-p and the race to 2015 having a proboscis on the same FG, share, I doubt if it will be enough hence the loan 1 Like |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by jpphilips(m): 4:27pm On Aug 08, 2014 |
atlwireles: It is not my fault that you are a m0r0n who don't understand English |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by atlwireles: 4:29pm On Aug 08, 2014 |
jpphilips: Coming from a supporter of APC like you, is actually a compliment. 2 Likes |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by jpphilips(m): 4:31pm On Aug 08, 2014 |
atlwireles: The market has been saved from that constant pressure the Naira was under. Sanusi spent about $1.5B monthly supporting the Naria. Since the new CBN chairman came on board, exporters have become the regular suppliers of dollars to the market, not CBN. What has changed in our export capacity in the last 8months that all of a sudden, our export can now over ride a $1.5b deficit according to you? |
Re: Aftermath Of Sanusi's Sack: Foreign Reserve & Excess Crude Account Rise Steadily by Adelaide2: 4:37pm On Aug 08, 2014 |
vedaxcool: You are truly, truly smart. It is ''Eroded'', not ''erode''. It is ''children's'' not ''children'' ![]() ![]() ![]() |
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