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Nairaland Forum / Nairaland / General / Politics / Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow (4772 Views)
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Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by helinues: 8:23am On Mar 30 |
GeneralDae: The screenshot he posted was Foreign exchange inflow in 2019 which was around $35bn. Emefiele should be in Jail if the government are really sincere in fighting corruption. He sold the dollars to his cronies while creating creating ridiculous data for back up. Btw, 2019 was election period |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by ScratchDtoto: 8:23am On Mar 30 |
helinues: Another day to be jobless 1 Like |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by socialmediaman: 8:24am On Mar 30 |
helinues: Do you read the text you just copied and pasted? Did it say foreign currency inflow is different from foreign exchange inflow? Or you just want to embarrass yourself further? And what does this conversation have to do with foreign exchange “flow”? 2 Likes |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by helinues: 8:25am On Mar 30 |
ScratchDtoto: You see the way I have been educating you lots since I return back online. You will need cold sobo drink to digest the conversations here. Too complicated for you to comprehend. Better pikin wey dey bare scratchdtoto 1 Like
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Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by ScratchDtoto: 8:26am On Mar 30 |
helinues: Your preek is it circumcised or not? 2 Likes |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by helinues: 8:26am On Mar 30 |
socialmediaman: I am done with you already. Your arguments was influenced by fixated mindset about Nigeria. So continuation na real waste of time. Enjoy your weekend 2 Likes |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by jogojogo: 8:28am On Mar 30 |
How would you be criticising a valid truth and yet even ignorant of the basic facts of what yiu are talking about? What kind of opposition is this? 1 Like 1 Share |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by ScratchDtoto: 8:30am On Mar 30 |
helinues: Do you wash your anus after toilet use or just normal brown roof way ? 1 Like |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by jogojogo: 8:31am On Mar 30 |
helinues:Please don't respond to that guy again. How would you convince someone who believed wholeheartedly that a sitting president of Nation was cloned fugitive? 4 Likes 1 Share |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by nigeriansamurai(m): 8:32am On Mar 30 |
Rolings:Do you even understand what the OP is saying? Which blog link did the OP drop? The op is totally correct, you APC dog... If you are half as smart as you think you are you would know that Paraphrasing is normal in English. the op did not deviate from the main point of the conversation. BUT YOU INTENTIONALY CHOOSE TO DERAIL THE POINT, AND MISLEAD YOUR FELLOW NIGERIANS. 2 Likes |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by helinues: 8:34am On Mar 30 |
ScratchDtoto: I didn't say you should take cold Paraga, I said cold Zobo. Stop taking the Paraga and switch to the zobo for better comprehension...
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Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by ScratchDtoto: 8:36am On Mar 30 |
helinues: So your cousin is still your lover ? 1 Like |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by AcuraZDX: 8:36am On Mar 30 |
jogojogo: Says someone that cheered that "clone" for 8 years that he was doing well. Only to turn around after his tenure to call him failure. Clown 2 Likes |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by jogojogo: 8:37am On Mar 30 |
AcuraZDX:Which is more clowning please? |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by socialmediaman: 8:38am On Mar 30 |
GeneralDae: This is the official website of the CBN where they publish economic reports: https://www.cbn.gov.ng/documents/quarterlyecoreports.asp First quarter 2023: $7.2 Billion USD Second quarter 2023: $8.69 Billion USD Third quarter 2023: $16 Billion USD Average monthly foreign exchange for the first 3 quarters = $3.5 Billion USD monthly 1 Like |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by albert2512: 8:43am On Mar 30 |
socialmediaman: I hope you know the values are not the same. One is way stronger than the other. If you are finding it hard to understand, convert them using their applicable exchange rate. It is harder to make 100($) dollars now than during Buhari . 1 Like |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by ozo13(m): 8:46am On Mar 30 |
socialmediaman:you should be comparing it with when he took over and the naira was fast loosing it value and ppl prefer to keep there dollars to see to what extent the naira devaluation will go.my honest view 2 Likes |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by GeneralDae: 8:46am On Mar 30 |
socialmediaman:So what then is the screenshot I posted? Was it wrong information? That 3.9 Billion dollars for the entire 2023 has also been referenced by various analysts and used to compare just January and February 2024 which they say was altogether 2.3 Billion dollars. With this additional 1.5 Billion in March, we already have 3.8 Billion dollars in just the first quarter 2024. |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by socialmediaman: 8:47am On Mar 30 |
albert2512: Your point is ? 1 Like |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by Raylight2(m): 8:48am On Mar 30 |
socialmediaman: If a full grown man, loses his sight or his ability to walk due to an accident. If after several treatments he slowly begins to know how to walk or see, does his family get excited or not? 1 Like |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by BreconHills(m): 8:51am On Mar 30 |
socialmediaman: Why going all the way back to 2019? Why not do yy-yy like a normal statistician and post the graph up here. Economists measure quarter over quarter and yy-yy. They don't go scratching in the dirt looking for one year. What's special about 2019 that makes it apposite for comparison with 2024? 2 Likes |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by CanineOfJackal: 8:52am On Mar 30 |
helinues:Seun mynd44 nlpfmod fergie01 rule 2. This moniker has the right to break rules and you guys will look the other way. I'm monitoring how you handle this situation 1 Like |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by GeneralDae: 8:53am On Mar 30 |
socialmediaman:Also, take note of this screenshot from the report by Nairametrics.
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Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by socialmediaman: 8:55am On Mar 30 |
Raylight2: Wrong analogy. If a company CEO takes over a billion dollar company and runs it to the ground within a short period of time which leads to investors losing their money, if the company starts making slow progress, does the CEO start celebrating as the hero (propaganda), or does he shut up and continue working till he gets the company back up to at least where it used to be before he took over? 3 Likes |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by socialmediaman: 8:57am On Mar 30 |
GeneralDae: I need data from previous years to compare because that's a very suspicious, possibly bogus claim, similar to the one I just fact-checked 1 Like |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by GeneralDae: 9:02am On Mar 30 |
socialmediaman:I think you are the one confused about the data. The data perhaps is just limited to inflow from FPI’s and remittances only excluding other kind of inflows, while your data refers to the total FX inflows which would also include FDI’s and royalties for Government. 3 Likes |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by socialmediaman: 9:06am On Mar 30 |
GeneralDae: The data announced by the CBN which I fact checked was foreign exchange inflow, are you not educated enough to know what foreign exchange inflow means? Neither I nor the CBN mentioned FDI, don't bring that in from nowhere. |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by GeneralDae: 9:10am On Mar 30 |
socialmediaman:Here you have it. Also try to keep the conversation civil since I am yet to throw out insults. https://www.nesgroup.org/blog/Foreign-Investment-Inflows-into-Nigeria-weakens-in-2023 4 Likes
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Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by socialmediaman: 9:16am On Mar 30 |
GeneralDae: Why are you still showing me a google screenshot of FDI data after seeing the official CBN report on foreign exchange inflows? Do you have a problem understanding the reports? Do you know the difference between Foreign Direct Investment and Foreign Exchange Inflow? Or you think they're the same? |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by GeneralDae: 9:17am On Mar 30 |
socialmediaman:Check my post above from NESG website and review it against your understanding of the CBN data. |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by Benwallt(m): 9:17am On Mar 30 |
I find it hard to draw anything meaningful from this thread. What's the goal here. 1 Like |
Re: Fact Checking The Numbers: CBN's Announcement of $1.5B Foreign Exchange Inflow by vacanci: 9:19am On Mar 30 |
SisterAnn: And I can tell you are from that part that have sworn to destroy this government because your principal lost. The deliberate increase in prices of medicines kick started the wahala we face now . Things have started recovering and yet again they are not Happy and making claims of the past being better in terms of FDI. You and the poster should compare FDIs from when this government started and how it went down and how we are now seeing the recovery. Whether the men from that region liked it or not, Nigeria will be great again. 1 Like |
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