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Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion (9169 Views)

Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days / Nigeria’s FX Reserves Hit $34.14bn / Nigeria’s FX Reserves Drop To $32bn — Lowest Level In Six Years (2) (3) (4)

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Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by superCleanworks(m): 3:52pm On Jul 21
Goodvibes007:
He is not a magician. He has a few more years.

If you read properly, you would have seen where I wrote UNTIL.
That word shows that there is a time factor to it so don't be in a rush to reply. Until we see the reflection of these figures, till then. Even if it takes the whole of the tenure, till then.
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Gajagojo: 3:52pm On Jul 21
Rising reserves are not a sign of good governance
Neither are dropping reserves a sign of the opposite
That is not a tool for use of bitter,angry disgruntled Obidients or their antagonist

Most people commenting have ho clue what foreign reserves are well over95%ignorantly assume they are saving and that they belong to the government
If you are in that category simply shut up and make no further comments because you are clueless
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Chetas81(m): 3:52pm On Jul 21
IDIOTIC COUNTRY LEAVING BEHIND INDONESIA WITH THE SAME POPULATION
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Chetas81(m): 3:54pm On Jul 21
ObiORBiafra:

Anamu post the real figures. Or shut it.
No be every time, hate, hate. If you so much hate Nigeria, move out. Go elsewhere
SICK NIGERIA AS A COUNTRY LEAVING BEHIND INDONESIA WITH THE SAME POPULATION
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by jaxxy(m): 3:56pm On Jul 21
Lol foreign reserves that keep going up and down every month?
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Chetas81(m): 3:57pm On Jul 21
Paraman:
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.
which good news, asked yourself WHY Indonesia with same population like Nigeria, have over one trillions dollars reserved
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by FarmlandInc: 3:57pm On Jul 21
Reserves should be at an average of $150-$200bn steadily, but our politicians will rather spoil the market for everyone
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Bayyajidda(m): 4:00pm On Jul 21
ObiORBiafra:

Anamu post the real figures. Or shut it.
No be every time, hate, hate. If you so much hate Nigeria, move out. Go elsewhere

Have you eaten today?

1 Like

Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Chetas81(m): 4:00pm On Jul 21
INDONESIA WITH SAME POPULATION LIKE NIGERIA IS AHEAD OF YOU NIGERIAN CITIZENS, STUPID JUBILATION
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by WikeTheDrunk(f): 4:00pm On Jul 21
Scam
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Bayyajidda(m): 4:01pm On Jul 21
aswani:


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.

Feel sorry for yourself. Have you eaten today?
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Honestey: 4:01pm On Jul 21
I told you economy theories can't work in Nigeria. Tinunu removing fuel subsidy and floating naira thinking the Law of Demand And Supply will make things go well was a big mistake because of inability of economic theorem to function in Nigeria.
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Kobojunkiee: 4:05pm On Jul 21
slimjohn2k5:
Fake figures
I don't believe the figures either. The below is from earlier in the year right before the Government flushed about $1.2 billion down the drain in the name of shoring up the Naira. Note the date - March 18th. This is July 21st, approximately 4 months, or should I say 3 months after the dump. undecided

2 Likes

Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Juju70(m): 4:05pm On Jul 21
All na wash! Time will tell... propaganda
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Bayyajidda(m): 4:06pm On Jul 21
haslaw:


You people complain if it falls
Same you are complaining now that it has risen.

If what fall? Olodo
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by mbahdi(m): 4:07pm On Jul 21
Shege banza pro max...watin theiftinubu no fit destroy nvr exist
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Paraman: 4:09pm On Jul 21
Chetas81:
which good news, asked yourself WHY Indonesia with same population like Nigeria, have over one trillions dollars reserved
Indonesia foreign reserve is not up to 1 trillion dollar, Indonesia foreign reserve should be about $185b or less

1 Like

Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by udemzyudex(m): 4:09pm On Jul 21
Lies lies lies lies lies
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Paraman: 4:10pm On Jul 21
udemzyudex:
Lies lies lies lies lies
post the main figures
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by chidiokay: 4:11pm On Jul 21
Paraman:
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.



With the state of the nation, is there anything to love about the president

1 Like

Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by wallrichy: 4:12pm On Jul 21
Nope, Foreign Reserves can never be faked or manipulated because it is the substantial cumulative or rather are assets held on reserve by a monetary authority in foreign currencies.
These reserves are used to back liabilities and influence monetary policy. They include foreign banknotes, deposits, bonds, treasury bills and other foreign government securities.

It's beyond the prediction and manipulation of Nigeria government and CBN cohort. I know you don't believe in the government, I have my doubts also.

However we see it, Foreign reserves is immuned to manipulation by any country. It's majorly determined by World Bank and WTO world Trade Organization and ofcourse International Monetary Organization.




slimjohn2k5:
Fake figures
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by phemray(m): 4:13pm On Jul 21
anonimi:


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?

Guy, try to understand that Nigeria economy permutations and indices is different from Alaba international view of economy. Stop going to China, move your factories from China to Nigeria period.
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by eduli: 4:13pm On Jul 21
Stories
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Standing5(m): 4:15pm On Jul 21
More collateral for IMF and WB interventions. I laugh.

1 Like

Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by chidiokay: 4:16pm On Jul 21
Goodvibes007:

He is not a magician. He has a few more years.



We never asked him to turn water into wine But why is he so devoted to diluting our wine into water ... undecided

No policies dole out from these govt resonate hope, that is the problem not even time
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by ivandragon: 4:17pm On Jul 21
Good.

Now let it translate to improved purchasing power and reduced cost of living for the common man.

Also, improve the security situation in the country.
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Believeintruth: 4:17pm On Jul 21
Paraman:




https://punchng.com/nigerias-fx-reserves-defy-forecasts-rise-to-35-9bn/?utm_source=telegram&utm_medium=social

Hold on fx you people keep giving conflicting statement someone said the other day it was $36b now you are saying $35b. Okay assuming it is true why are we still having liquidity issues? You guys are using portfolio investor money as FX reserves, that is the biggest deceit ever, because that is hot money that will not stay. That is why even with what you said about FX reserves rising we are still having Liquidity issues and FX supply issues.
Propaganda doesn't grow the economy stop all this and speak the truth to power.
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Funkyswagzz(m): 4:22pm On Jul 21
aswani:


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.

The FX rose during buhari's tenure so whats the big deal about this? Let the inflation reduce so that cost of living gets back to normal. I mean why you guys falling for this easy trick but not concerned about the hard part. When we complain you say oh give him more time but here you are celebrating foreign reserve what the heck bro

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Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Mosdiii(m): 4:22pm On Jul 21
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Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by israelmao(m): 4:23pm On Jul 21
Foreign reserves is rising but Nigerian currency is deprecating,.
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by DLifeless1: 4:23pm On Jul 21
haslaw:


You people complain if it falls
Same you are complaining now that it has risen.

What has risen?
Re: Nigeria’s FX Reserves Defy Forecasts, Rise To $35.9 Billion by Dennisochampa: 4:25pm On Jul 21
Just watch how foolz will call this news fake...
When the news about Nigeria is bad.... It's correct news but when the news is good, it's fake news..
As long as you're in Nigeria or from Nigeria and you don't wish Nigeria well, 9ja go better but you won't live to see the good of the land.... Oafs

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