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Nairaland Forum / Nairaland / General / Politics / Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion (8961 Views)
Nigeria’s FX Reserves Hit $34.14bn / Nigeria’s FX Reserves Drop To $32bn — Lowest Level In Six Years / CBN Counters JP Morgan, Says Estimate Of Nigeria’s Net FX Reserves ‘misleading’ (2) (3) (4)
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Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Paraman: 8:53am On Jul 21 |
Nigeria foreign exchange reserve has increased to $35.93bn as of July 18 despite predictions of a slump. This represents a gain of $160 from the previous day’s figure of $35.77bn. https://punchng.com/nigerias-fx-reserves-defy-forecasts-rise-to-35-9bn/?utm_source=telegram&utm_medium=social 17 Likes 1 Share
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Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by slimjohn2k5: 9:07am On Jul 21 |
Fake figures 20 Likes 4 Shares |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by ObiORBiafra: 9:45am On Jul 21 |
slimjohn2k5:Anamu post the real figures. Or shut it. No be every time, hate, hate. If you so much hate Nigeria, move out. Go elsewhere 95 Likes 7 Shares |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Paraman: 9:50am On Jul 21 |
slimjohn2k5:Post the real figures here Okoro 77 Likes 7 Shares |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Paraman: 9:52am On Jul 21 |
A lot of bitter people like slimjohn hate goods news from Nigeria because they hate the president. Wishing Nigeria bad luck does not mean Nigerians will vote for Gbajue in 2027. 37 Likes 4 Shares |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by aswani(m): 11:28am On Jul 21 |
Paraman: All we can do is feel sorry for them as their whole being is filled with hate, from when they wake up till when they sleep, that bitterness follows them around and stops anything positive happening in their lives. 30 Likes 1 Share |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by atobs4real(m): 3:42pm On Jul 21 |
May be trial by error did it. Good one. And the trial by error should going 1 Like |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by atobs4real(m): 3:42pm On Jul 21 |
May be trial by error did it. Good one. |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by INTEGRITYA1(m): 3:42pm On Jul 21 |
That is an indication that; there is forecast, prediction and opinions but don't always represent the fact. What people are saying about you doesn't matter, even if they call you failure, don't worry, keep pressing forward for success which will turn out to be fact. It is what it is. 16 Likes 1 Share |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by techbro1: 3:42pm On Jul 21 |
Lmao let's keep lying to ourselves 5 Likes 1 Share |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Eriokanmi: 3:43pm On Jul 21 |
Don't rely on any news coming from the moniker paraman ![]() 5 Likes 1 Share |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by iichidodo: 3:43pm On Jul 21 |
The last time we where at this level of reserve, the dollar was up at least 1700+. This is where some high-level macroeconomic engineering will have to be done by Cardoso,that is, if he's intellectually savvy and has the tactical nous to pull this off...At 1500+ to the Dollar at this level of reserve liquidity, it's time to buy up more Naira off of the system whilst tightening or raising the interest rate, the target should be to plunge the naira down to 1300+ and still have a relatively higher external reserve than we had earlier this year when the dollar was at 1300. This macroeconomic tactic should allow for more room to still plunge the dollar south towards the 1000 naira benchmark. Hoping that all macroeconomic conditions and variables remain constant. 11 Likes |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by anonimi: 3:43pm On Jul 21 |
Paraman: Propaganda lies from the deepest depths of hell. Why is Naira still losing ground to the dollar if Cardi B is not a horrible liar ![]() What does ThiefNuibu and his APC goons think we are? 66 Likes 3 Shares |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by oluwaseyi0: 3:44pm On Jul 21 |
we need at least a $100-120bn dollar reserves 7 Likes 1 Share |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by lexy2014: 3:44pm On Jul 21 |
Paraman:does the president love nigerians that you expect him not to be hated? how well has he carried out his constitutional responsibilities and upheld the oath he swore? are you saying that tinubu was bitter and hated jonathan hence his refusal to see any good in what jonathan did and even calling for jonathans resignation? 10 Likes 1 Share |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by superCleanworks(m): 3:45pm On Jul 21 |
Until it is translated and transmitted into market price of food and essential commodities, it is just words and figures. 19 Likes 3 Shares |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Goodvibes007: 3:45pm On Jul 21 |
Good news. 59 Likes 1 Share |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by YeyeGbami: 3:45pm On Jul 21 |
1 Like |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Goodvibes007: 3:45pm On Jul 21 |
superCleanworks:He is not a magician. He has a few more years. 34 Likes |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Artscollection: 3:46pm On Jul 21 |
I hope dollar comes down next week so we can restock and wait for the next pump. ![]() 2 Likes |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by anonimi: 3:46pm On Jul 21 |
ObiORBiafra: If your figure is not fake then why is Naira falling apart ![]() 2 Likes 2 Shares |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by OriOko88(m): 3:46pm On Jul 21 |
![]() The same foreign reserve that was over $100b in 2014. APC ti ba ilu je poo 3 Likes |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Thewrath(m): 3:47pm On Jul 21 |
With nothing to show for it!! 2 Likes |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Obaofaba: 3:47pm On Jul 21 |
Give us food. Na statistics we go chop? 4 Likes |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by money121(m): 3:47pm On Jul 21 |
Ok |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by ClearFlair: 3:47pm On Jul 21 |
Give it time |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by haslaw(m): 3:48pm On Jul 21 |
superCleanworks: You people complain if it falls Same you are complaining now that it has risen. 9 Likes 1 Share |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by nairalanda1(m): 3:50pm On Jul 21 |
![]() For the record, the fact is, we still don't make enough money. Our reserve is shockingly low. For a country our size, we should have above 100bn in reserve. 35 bn is too low, really. 5 Likes 1 Share |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by straighttalk(m): 3:51pm On Jul 21 |
Like how? |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by superCleanworks(m): 3:51pm On Jul 21 |
haslaw: show me where I complained. Just point out one complain. |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by SFSNIPER(m): 3:51pm On Jul 21 |
If it's true, then it's good news. |
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by DropsMic(m): 3:51pm On Jul 21 |
Yawn |
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