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Nairaland Forum / Nairaland / General / Politics / Nigeria Leads South Africa In Foreign Reserves (22923 Views)
11 Million "Poor And Vulnerable" List. Zamfara Leads, South-East Lowest / Nigeria Leads Africa In Poor Water Supply To Citizens / Nigeria’s Foreign Reserves Hit $47 Billion - Surpass That Of South Africa by $4b (2) (3) (4)
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Nigeria Leads South Africa In Foreign Reserves by Printerscanner: 9:00am On May 09, 2018 |
Nigeria is leading South Africa in net foreign reserves as that of the West African country hits $47.37 billion in March to beat South Africa which has $43.15 billion. Nigeria which recently recovered from economic recession with less than $21 billion in foreign reserves has built up its reserves massively over one and half years. The increase in the country’s foreign reserves is reported to have stabilised its foreign exchange which had gone haywire in the past. South Africa’s reserves fell to $43.115 billion in April from $43.384 billion in March, the Reserve Bank said on Tuesday. The forward position, which represents the central bank’s unsettled or swap transactions, was lower at 1.933 billion dollars from 1.996 billion dollars in the previous month. “The decrease of 440 million dollars in the gross reserves reflects the foreign exchange payments made on behalf of the government and the appreciation of the U.S. dollar against most currencies,” the central bank said. Nigeria’s new figures rose from about $46.2 billion realised at the end of March. The CBN Governor, Godwin Emefiele, announced the new balance in the reserves at the opening of the 25th seminar for Business Editors and financial Correspondents in Uyo. Mr Emefiele, who was represented by the newly appointed deputy governor, Corporate Services, Edward Adamu, said the CBN hopes to meet the $50 billion target before the end of the year. SOURCE: https://www.vanguardngr.com/2018/05/nigeria-leads-south-africa-foreign-reserves/ 19 Likes 4 Shares |
Re: Nigeria Leads South Africa In Foreign Reserves by aribisala0(m): 9:04am On May 09, 2018 |
I am sure you have no clue what foreign reserves are . FYI Nigeria has more foreign reserves that the US . So what? 48 Likes 1 Share |
Re: Nigeria Leads South Africa In Foreign Reserves by mamaa88(f): 9:12am On May 09, 2018 |
And so? 28 Likes |
Re: Nigeria Leads South Africa In Foreign Reserves by TheAngry1: 9:13am On May 09, 2018 |
And South Africa leads Nigeria in infrastructure and human capital development. The way we celebrate meaningless data, awards and titles in this country ehn! That was how one otondo President and his Zuwo Finance Minister re-calibrated and said we were Africa's biggest economy, while they were busy looting the treasury. ![]() ![]() 90 Likes 7 Shares |
Re: Nigeria Leads South Africa In Foreign Reserves by georgecso(m): 9:13am On May 09, 2018 |
Sai Bubu till 2023 Foreign Exchange Reserves are assets held by a central government or other monetary authority, usually in various reserve currencies. ... The main purpose of holding foreign exchange reserves is to make international payments and hedge against exchange rate risks. 47 Likes 4 Shares |
Re: Nigeria Leads South Africa In Foreign Reserves by cosmatika(m): 9:13am On May 09, 2018 |
I just read that our exchange rate has been stabilized; U mean at $1=#360? Nawao. Moreover, economists in the house should help me explain how this foreign reserve affects the life of a common man who still buys things very costly 21 Likes 1 Share |
Re: Nigeria Leads South Africa In Foreign Reserves by maestroferddi: 9:13am On May 09, 2018 |
Propaganda not taking APC anywhere... How much has been borrowed by this government before we start talking about foreign reserves? 50 Likes 3 Shares |
Re: Nigeria Leads South Africa In Foreign Reserves by tofolo(m): 9:13am On May 09, 2018 |
aribisala0:Really? ![]() 6 Likes 1 Share |
Re: Nigeria Leads South Africa In Foreign Reserves by asawanathegreat(m): 9:14am On May 09, 2018 |
Finally |
Re: Nigeria Leads South Africa In Foreign Reserves by Crocky23: 9:14am On May 09, 2018 |
This is only to the cabal's benefit. Let's see how much remain when they leave power. 18 Likes 1 Share |
Re: Nigeria Leads South Africa In Foreign Reserves by Petrobros: 9:14am On May 09, 2018 |
Printerscanner: Crude Oil price influence no ni. So when will the ordinary man on the streets start benefiting from the Rise of Crude oil price and increase in external reserves? 25 Likes 1 Share |
Re: Nigeria Leads South Africa In Foreign Reserves by Austinchamakh(m): 9:15am On May 09, 2018 |
Nigeria dey try,just that..................................... 1 Like |
Re: Nigeria Leads South Africa In Foreign Reserves by Meajor(m): 9:15am On May 09, 2018 |
Okay... Now make I go back go read wetin OP post |
Re: Nigeria Leads South Africa In Foreign Reserves by Britishcoins(m): 9:15am On May 09, 2018 |
My people don't ever believe what you read. Nigeria is still the giant of shit hole. Even Kenya are better in terms of economic development. BUHARI MUST GO 29 Likes |
Re: Nigeria Leads South Africa In Foreign Reserves by Tinalex(f): 9:15am On May 09, 2018 |
N so whaaaa? The said reserve that Efi Buhari is using to jet round the world shey? Who is Emefiele deceiving? 7 Likes 1 Share |
Re: Nigeria Leads South Africa In Foreign Reserves by Pavore9: 9:15am On May 09, 2018 |
What of in infrastructure? ![]() 3 Likes 1 Share |
Re: Nigeria Leads South Africa In Foreign Reserves by luvinhubby(m): 9:15am On May 09, 2018 |
And borrowed how much in the corresponding period? 23 Likes |
Re: Nigeria Leads South Africa In Foreign Reserves by pejuakinab: 9:15am On May 09, 2018 |
eku orii ire 2 Likes |
Re: Nigeria Leads South Africa In Foreign Reserves by Pusyiter(m): 9:15am On May 09, 2018 |
We don tire to dey hear this kind news. Let it translate into reality then we will concur. ![]() 10 Likes |
Re: Nigeria Leads South Africa In Foreign Reserves by Tinalex(f): 9:15am On May 09, 2018 |
He said whaaaa? The said reserve that Efi Buhari is using to jet round the world shey? Who is Emefiele deceiving? 10 Likes |
Re: Nigeria Leads South Africa In Foreign Reserves by Lomprico2: 9:16am On May 09, 2018 |
![]() 3 Likes 1 Share |
Re: Nigeria Leads South Africa In Foreign Reserves by knaikky(m): 9:17am On May 09, 2018 |
Same Nigeria leads the entire Africa in terms of debt. We are the biggest debtor in Africa 15 Likes |
Re: Nigeria Leads South Africa In Foreign Reserves by Truckpusher(m): 9:17am On May 09, 2018 |
Re: Nigeria Leads South Africa In Foreign Reserves by Beosten(m): 9:17am On May 09, 2018 |
Foreign reserve we go eat shey? |
Re: Nigeria Leads South Africa In Foreign Reserves by Nobody: 9:18am On May 09, 2018 |
all in all, like if you want Buhari out and share if you still want him in power. Cos Ayam not understanding 5 Likes 6 Shares |
Re: Nigeria Leads South Africa In Foreign Reserves by aribisala0(m): 9:18am On May 09, 2018 |
tofolo:Really yes !! What exactly is it a measure of can you tell is in not more than 10 words? Is it a measure of the health of an economy or the well being of its people? Otherwise you would not talk about one country leading another. |
Re: Nigeria Leads South Africa In Foreign Reserves by Horus(m): 9:19am On May 09, 2018 |
https://www.youtube.com/watch?v=wVxAyqkQTZM Nigeria's foreign reserves hit 4 year high at $47 billion 3 Likes 1 Share |
Re: Nigeria Leads South Africa In Foreign Reserves by Millz404(m): 9:19am On May 09, 2018 |
How big is south Africa compared to nigeria.... |
Re: Nigeria Leads South Africa In Foreign Reserves by Nobody: 9:19am On May 09, 2018 |
mamaa88:Nigeria also leads South-Africa in m0ronic sai babarism and herdsmen cover-up. Cc salamrushdie lzaa pointzerom iceberg3 shalomc onyeoga madridguy buhariguy itsmeaboki 7 Likes 2 Shares
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Re: Nigeria Leads South Africa In Foreign Reserves by TheInspired: 9:19am On May 09, 2018 |
Britishcoins:u also read that Kenya is better . so why should we believe u too appreciate ur own more than the outside .. that is the reason why other country develop because they appreciate what they have... 12 Likes 1 Share |
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