Nigeria’s Foreign Reserves Grow To $36.9b - Politics - Nairaland
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| Nigeria’s Foreign Reserves Grow To $36.9b by dipoolowoo: 4:55am On Dec 17, 2017 |
By Dipo Olowookere As at Thursday, December 14, 2017, a total of $36.9 billion was left in the foreign reserves of Nigeria, data from the Central Bank of Nigeria (CBN) reveals. According to the apex bank, this amount grew by 0.4 percent from the previous day, Wednesday, December 13, 2017, when the reserves had $36.7 billion. Nigeria’s foreign reserves have recorded a growth of 5.1 percent in from December 1 to December 14, 2017. On December 1, 2017, the amount in the reserves was $35.1 billion. Already, the external reserves of Africa’s largest economy have recorded 41.2 percent increase this year. According to data obtained by Business Post on the website of the CBN, where details of the reserve management and movement are published, the country opened the year with $26.1 billion in the reserves. The government had a target to increase the amount in its external reserves to $40 billion before the end of the year, but may not be met going by the rate the reserves have grown this year. https://www.businesspost.ng/2017/12/17/nigerias-foreign-reserves-grow-36-9b/ 1 Like
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| Re: Nigeria’s Foreign Reserves Grow To $36.9b by python1: 4:58am On Dec 17, 2017 |
Gradually, we are getting there. To think this is the same reserve that nosedived during the oil boom is very amusing. Chinko Japanese can make Atichukwu their only savior in their barren lands, but not Nigeria. **Spits on flat objects** 80 Likes 10 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Yyeske(m): 5:46am On Dec 17, 2017 |
Some people who hate Buhari will avoid this thread 50 Likes 8 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Nobody: 6:45am On Dec 17, 2017 |
$36.9 billion - $1billion =... 2 Likes |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Nobody: 7:19am On Dec 17, 2017 |
This is one of the reason we must support Buhari for 2019. The reserve is rising because of Buhari conservatism and focus on local alternative to imports. If we bring in liberal PDP in the name of Atiku, the reserve will deplete very fast. 63 Likes 9 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by greatiyk4u(m): 7:48am On Dec 17, 2017 |
In every nation where moral values has gone into extinction, people of INTEGRITY like BUHARI are hated. How can the same people who hail Yahoo boys Kidnappers Baby factory dealers Corrupt politicians Slay queens As the biggest boys in town love who stand for and celebrate MORAL SANITY? Buhari was sent by God to save Nigeria from the impending disaster that awaited us......how can one who couldn't manage Nigeria with huge resources manage her in recession with appreciable increase of foreign reserve? Happy birthday "Mai gaskiya daga Allah" 99 Likes 9 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by python1: 7:57am On Dec 17, 2017 |
greatiyk4u: 23 Likes 2 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by juman(m): 8:04am On Dec 17, 2017 |
python1: @bolded. Gradually, you are getting to where? This is an insane government. Totally confused government. Look, obasanjo saved over thirty billion dollars, where is the money today? Yet nothing is functioning in the country. The useless old man president should know that the economy is dead, hunger is killing people. The confused overaged president should rather build the highly needed infrastructure, the countries that have their infrastructure working well was built by their leaders. 10 Likes 2 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by python1: 8:07am On Dec 17, 2017 |
givan:Yes, the answer is $35.9b, but the question now is; why did this same reserve drop from $47b to close to $30b when the income was high as compared to same reserve on the increase now at averagely half of the previous income? What exactly was done with it? It should had increased to close to $100b considering the nation's income then, but even if it did not increase, why not maintain it at that value? Why dropping it again? 39 Likes 3 Shares
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| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Bolustical: 8:11am On Dec 17, 2017 |
juman:But the government that depleted the same reserve was a sane and focused government abi? You don't sound sane yourself. 77 Likes 9 Shares
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| Re: Nigeria’s Foreign Reserves Grow To $36.9b by python1: 8:12am On Dec 17, 2017 |
juman:Obasanjo saved over thirty billion dollars, yet nothing is working, and you were told it is "the useless old president" that squandered it right? Pls, I'm begging, don't quote me again. Thank you for your understanding. 38 Likes 3 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Jesusloveyou: 8:12am On Dec 17, 2017 |
Is a lie. How can idiotic pigs of Biafra believed this? 19 Likes 2 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by python1: 8:14am On Dec 17, 2017 |
Bolustical:I swear the thing just weak me. I no know whether to make comment na by force.  22 Likes 3 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Okoroawusa: 8:27am On Dec 17, 2017 |
juman:That thing wey u write there make sense? 21 Likes 1 Share |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by python1: 8:30am On Dec 17, 2017 |
juman:Unfortunately, you just ignorantly brought Jonathan into it. Who squandered the money saved by Obasanjo? From the first quote, I knew it and that is why I had to beg that you stop quoting me. Again, pls stop quoting me. 25 Likes 2 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Proudlyngwa(m): 8:36am On Dec 17, 2017 |
juman: kindly explain how APC killed the economy 21 Likes 2 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by python1: 8:36am On Dec 17, 2017 |
Okoroawusa:Infact, I have replied him three times before I discovered his condition. 13 Likes 1 Share |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Stalwert: 8:45am On Dec 17, 2017 |
People who hate PMB will not be happy today. 14 Likes |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by OnucheAdams: 8:59am On Dec 17, 2017 |
What's the correlation between foreign reserves and development, if any? You claim to have a stash of funds in reserves, yet you are embarking on mindless borrowing to fund infrastructure in tandem with unneeded FOREX subsidies; who's fooling who here? 12 Likes 1 Share |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Jesusloveyou: 2:41pm On Dec 17, 2017 |
juman:is your brain functioning? Your ineffectual buffoon depleted the reserve without a single infrastructure. Buhari is building infrastructure and adding to the reserve, That is a great feat. 21 Likes 4 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by juman(m): 2:47pm On Dec 17, 2017 |
Jesusloveyou: @bolded You must be high on something when you wrote it.  5 Likes |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Jaideyone(m): 2:54pm On Dec 17, 2017 |
OnucheAdams:but when the FG refused to give forex subsidies and the naira went to over 500naira per dollar you were wailing about government inaction? now the government is keeping the naira around 360 and you are still complaining. oga o 17 Likes 2 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Jesusloveyou: 3:00pm On Dec 17, 2017 |
juman:roads and railway are what? 10 Likes 2 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by NgeneUkwenu(f): 3:04pm On Dec 17, 2017 |
lalasticlala front page 1 Like 1 Share |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Bizibi(m): 3:14pm On Dec 17, 2017 |
The BMC crew is almost complete on this thread,just look at the way they are celebrating it...... They will say the govt is working and they are saving to give Nigerians a better life,I really love these set of sycophants. 4 Likes 1 Share |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by Bizibi(m): 3:16pm On Dec 17, 2017 |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by nedu666: 3:18pm On Dec 17, 2017 |
neva seen so many jobless young men and women on nairaland. creating and commenting on every thread shows u are unemployed. no employer or employee will tolerate or spend his work hours on nairaland. Even seun the owner does not this quantity of time on nairaland. dude has other business. be wise 6 Likes 2 Shares |
| Re: Nigeria’s Foreign Reserves Grow To $36.9b by juman(m): 3:59pm On Dec 17, 2017 |
2 Likes |
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