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Nairaland Forum / Nairaland / General / Politics / Breaking: Nigeria’s Foreign Reserve Hits $42.8 (2843 Views)
Nigerian External Reserve Hits $43b / Nigeria’s External Reserve Hits $46bn – CBN / Nigeria's External Reserve Hits $4b Gain, Highest In 12 Months (2) (3) (4)
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by deji17: 8:18pm On Feb 14, 2018 |
deomelllo: You dey make my belle sweet with all these good, good information. I know wailers will rather celebrate and rejoice over herdsmen / farmers clash and killing news instead of a good news like this. I wonder what they will be left with after the Govt succeeded in quelling the herdsmen clashes. 1 Like 1 Share
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Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 8:19pm On Feb 14, 2018 |
deji17:Are you disputing the fact that Dangote got special treatment to help facilitate the construction of his oil refinery. |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by docadams: 8:20pm On Feb 14, 2018 |
Billyonaire: The moronic Byllionaire? How much did GEJ leave in our foreign reserve before he scurried like a squirrel to Otuoke. 1 Like |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by deji17: 8:21pm On Feb 14, 2018 |
Desyner: Read my earlier post on the issue, try and understand it and reply accordingly... |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 8:21pm On Feb 14, 2018 |
deji17:It is a pity all those goodies are going to be under monopoly . . . |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 8:22pm On Feb 14, 2018 |
deji17:You should have done your own proper reading and understand me before trying to be smart. . . |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by mrvitalis(m): 8:24pm On Feb 14, 2018 |
Desyner:Oh boy learn some economics That money don't belong to anybody it can't be shared It can't be used to construct road or anything It's just a stockpile of foreign currency that anyone can use to purchase goods abroad after paying the naira equivalent The Naira is backed by dollar so the more the reserve the more strong and confidence investors have on the naira You should pay me for this class |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by deji17: 8:25pm On Feb 14, 2018 |
Desyner: But you kind of imply that Dangote got or is getting the $42 Billion USD to expand his business... That is what I contested.. |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 8:27pm On Feb 14, 2018 |
deomelllo:You are now avoiding me after bashing you weak intellect in our last battle . . . I know u to be one who celebrates mediocrity. Stay there and be celebrating $4b increase while they govt runs the system aground. |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by deji17: 8:28pm On Feb 14, 2018 |
Desyner: For many years, no multi national or Nigerian company stepped forward to invest in a new refinery in Nigeria. Dangote did it, we should not use bad belle to pay back... Moreover, FG is still open to new investors in the sector. The sky is big enough for all the birds to fly.. 2 Likes 1 Share |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 8:31pm On Feb 14, 2018 |
mrvitalis:Stop trying to disguise my own words to lecture me. I just schooled you assuming åss. The optimum level of reserve for an economy is 3-6 months equivalent of the average monthly forex need. Oya take that and go brainstorm on it for one hour then re-phrase it. |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 8:33pm On Feb 14, 2018 |
deji17:What bad belle? You think life starts n end with your fulani brethren. Is monopoly a good thing, ehn mr. good belle ? |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by deomelllo: 8:34pm On Feb 14, 2018 |
deji17: That the project would save the country about $7.5 billion annually in foreign exchange being used to import petroleum products and also generate $5 billion foreign exchange earnings annually. Even if we invest all our $42 billion savings, it won't guarantee or earn us $7.5 billion/per year. Whatever we helped Dangote with was money well spent and the best investment ever. The $7.5 billion is more than enough to build many roads, bridges, hospitals, schools, universities and so on or even reinvested in similar ventures like Dangote refinery by other Nigerian industrialists. These low intellect Igbos are sadists and miserable people. What's god for Nigeria makes them sad and unhappy. 2 Likes 1 Share |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by mrvitalis(m): 8:35pm On Feb 14, 2018 |
Desyner:Are you kidding me 3 months? Lol So as a president you would leave our reserve to below 20 billion dollars? And U expect and investor to invest billions of dollars? You must be high Would you put 2 billion in a bank whoes capital base is 7 billion? Even 30bn even Oga go and sleep |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 8:36pm On Feb 14, 2018 |
deji17:Why not sample where "I kind of imply that Dangote got or is getting the $42 Billion USD to expand his business..." ? |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 8:38pm On Feb 14, 2018 |
mrvitalis:You are the one who started the show of economic understanding. That's what the seasoned experts say. Go argue with them. . . |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 8:41pm On Feb 14, 2018 |
deomelllo:Money well spent . . . Lol. What of the one we never spent to build a befitting refinery or fix the failing ones? Is that also money well spent or money well diverted ? 1 Like |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by deomelllo: 8:47pm On Feb 14, 2018 |
deji17: Desyner: Desyner: Either this ignorant and unintelligent ipob can not read and comprehend his own ignorant posts or he's just too illiterate to know the meaning of the word ALL 2 Likes 1 Share |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by deji17: 8:49pm On Feb 14, 2018 |
Desyner: From this comment of yours: "What is the use of the change if all the cash is used to facilitate Dangote's expansion at the expense of Nigerias infrastructure?" |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by deji17: 8:50pm On Feb 14, 2018 |
deomelllo: My brother I wonder o.. They just write jargon and pull facts out of their a.s.s |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 8:52pm On Feb 14, 2018 |
deomelllo:I know your thick skull wouldn't know the "all" i meant was the $2b added since the last annoucement of $40b. |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 8:53pm On Feb 14, 2018 |
deji17:fact like monopoly is good? |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 8:59pm On Feb 14, 2018 |
deji17: How can I possibly mean every cent of the $42b when in my conversation with another poster in this thread I already mentioned that forex reserve satisfies the forex need in an economy. You should know better. 1 Like |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Daejoyoung: 9:07pm On Feb 14, 2018 |
life2017:lol not just West Africa sef, the GDP of entire Africa is not up to Calirfonia. l wonder what that guy smoked. 2 Likes |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Desyner: 10:00pm On Feb 14, 2018 |
Daejoyoung:stop exargerating now. Africa includes egypt and south africa. |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Daejoyoung: 10:06pm On Feb 14, 2018 |
Desyner:Yes all of Africa, you can confirm this yourself. The entire GDP of Africa is just about 2.2 trillion dollars and it's not up to California. 1 Like |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Okanokan(m): 11:07pm On Feb 14, 2018 |
Does it make any difference? If it is $100 billion dollars, hunger will still bestrode our land as a collosus. 1 Like |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by uba1991: 11:16pm On Feb 14, 2018 |
U can't see dos OSU on did threat 1 Like |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Suplexx: 6:29am On Feb 15, 2018 |
Desyner: Why are you spreading false information? The govt has saved far more than it has borrowed. Nigeria external debt is $15billion. It was $10 billion when Buhari took over. It was $3billion when Goodluck took over. 1 Like 1 Share |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by markfem2: 7:08am On Feb 15, 2018 |
uba1991:Aboki go to school, you will not agree instead you prefer chasing cows around. Smh |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Nigeriabiafra80: 9:15am On Feb 15, 2018 |
deomelllo:u are the reason nigeria leaders are not accountable do u know what the so called California achieve 50years after creation? With your type in next 100 years nigeria if in existence will still be battling its woes, U won't compare Nigeria with south Korea, Singapore, dubai of yesterday what of Ghana here or south Africa |
Re: Breaking: Nigeria’s Foreign Reserve Hits $42.8 by Nigeriabiafra80: 9:24am On Feb 15, 2018 |
deji17:oga keep your nonsense, structure my foot, uptill now no single project if not cowlony |
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