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Nairaland Forum / Nairaland / General / Politics / Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan (23903 Views)
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Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by djon78(m): 11:14am On Aug 22, 2023 |
josielewa: You hit it spot on You Sabi your accounting well Honestly the liabilities Buhari put on Nigeria's Finances is horrendous How did it go to this level I went into panic when I saw this News Buhari and his cronies must be brought to account for what they did with Nigeria's Money It's very sad 2 Likes |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by bayelsaowei(m): 11:23am On Aug 22, 2023 |
Oboy...see poverty.. |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Metrofox(m): 11:24am On Aug 22, 2023 |
REDshouse: Keep quiet, you have 1000naira in the bank but you're owing people 900naira and still claiming to have 1k in the bank. Are you not a clown? Nigeria is in serious trouble as that money is far far below the threshold or minimum account balance a countryshould have even Afghanistan |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by bayelsaowei(m): 11:27am On Aug 22, 2023 |
Asgard73:money don finish oo...and believe there are a still a handful of politicians who more than ready to dry up that reserve... Talk about a failed country with mumu leaders. |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by bayelsaowei(m): 11:29am On Aug 22, 2023 |
richard870:they've stolen everything with almost nothing to show for it... They'll tell us they used all of it to pay subsidy... |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by seunmsg(m): 11:31am On Aug 22, 2023 |
Kukutente23: How much was the reserve in 2015? 1 Like |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Kukutente23: 11:34am On Aug 22, 2023 |
seunmsg:As at Jan 2015 it was 35bn and ended 29bn at December 1 Like |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by livebyday(m): 11:40am On Aug 22, 2023 |
Kobicove: On paper yet you sound like one bereft of proper education. I doubt you have an ssce . Your are a street thug who has sued mouth to build mansions and travel to the moon. Smh |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by richard870(m): 11:53am On Aug 22, 2023 |
bayelsaowei:As in...so sad |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by fxexperts: 12:08pm On Aug 22, 2023 |
cursedAbiola:You have seen it na. When people decide to select incompetent and brainless leaders and even fight for them to win second term. that is what you get, soon I will be richer than the so-called giant of African that became an ant of Africa. 1 Like |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by OmoGomesIlorin: 12:10pm On Aug 22, 2023 |
Kobicove: The report is been misrepresented, it is more like deducting Nigeria Savings in the Gold vault, Currency swapped plus Debt from the Dollar reserve. |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by OmoGomesIlorin: 12:21pm On Aug 22, 2023 |
Metrofox: All of the Deductions if not Debt, about $29-$30 billion were held in Gold Bullion Reserves by CBN. The Central Bank of Nigeria (CBN) is indebted to JP Morgan and Goldman Sachs to the tune of $7.5 billion. I think JP Morgan is more concerned about the current liquid external reserves. Read more here as first published on 12 Aug 2023 by Arise TV https://www.arise.tv/with-17bn-net-reserves-cbns-audited-account-shows-13-8bn-exposure-to-jp-morgan-goldman-sachs-fx-forwards/ |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by OmoGomesIlorin: 12:22pm On Aug 22, 2023 |
Kukutente23: Google is well, it $20b in 2015 |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by OmoGomesIlorin: 12:36pm On Aug 22, 2023 |
josielewa: Your own explanation is not complete by the sum. 3.7 + 15 = 18.5, so where are the remaining 18.3b if the foreign reserve is estimated to be about 38b? |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Whytelyon(m): 12:37pm On Aug 22, 2023 |
BarrElChapo: Na simple question I ask you o, No be insult matter. You cannot answer a simple question, the only way to show u know what u doing is to insult your father here who no give u better training. If na so u day learned reach, there is need to probe your results from University. You don go carry expo , write pass exams day claim say u sabi book. Mxm |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by MTNnews: 12:37pm On Aug 22, 2023 |
My brother na be me tell your father to escape from the wretched Alaigbo make hunger no kill am n your mama. The 3 of you for don Pai over poverty hunger n starvation if you all stayed up back in Ipobland ariesbull: |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by josielewa(m): 12:40pm On Aug 22, 2023 |
OmoGomesIlorin:read again slowly....I said Goldman Sachs and co...its even above 15bn dollars...if you put all other people we owe...Nigeria is in deep shit in the nearest future If nothing is done... |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by seunmsg(m): 12:57pm On Aug 22, 2023 |
Kukutente23: And it was $37b as at the end of December, 2022 from the official source that you relied on for your 2015 figures. 1 Like |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Kukutente23: 1:07pm On Aug 22, 2023 |
seunmsg:What's your point? That it was $3bn in 2015 as well and PDP covered it up? Remind me when CBN stopped publishing its account. |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Kukutente23: 1:12pm On Aug 22, 2023 |
OmoGomesIlorin:It's you that need to Google it well
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Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by obyno82: 1:17pm On Aug 22, 2023 |
REDshouse: I think you are the one rather who cannot understand. The net figure is the one we have after all deductions are made, and that is what we have as a country. The gross figures is the amount before all deductions for loans, currency swaps and other transactions are made. |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by stormborn28(m): 1:18pm On Aug 22, 2023 |
BarrElChapo: Your APC yansh has been exposed...if it is the way you would clap for them |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by obyno82: 1:21pm On Aug 22, 2023 |
Tareq1105: Stop trying to be a wise ass. Did Tinubu ever criticize Buhari? No, he even said that he will continue Buhari's works. |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by stormborn28(m): 1:22pm On Aug 22, 2023 |
Lovenorth: You supported Buhari. Is it not a continuation of Buhari... ? Bipolar shege |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by obyno82: 1:22pm On Aug 22, 2023 |
MTNnews: From the nonsense you wrote it is clear that you are high on dried cow dung. |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by richeeyo(m): 1:25pm On Aug 22, 2023 |
Taylor90:Are igbos stupid or something Please as a normal human being with sense can't you reason it was the last administration's lies Daft |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by 2pacarnate(m): 1:30pm On Aug 22, 2023 |
Kukutente23: Oga,if it was rochas,umahi,orji uzo,they won't win all those SE States,meaning obi did it not because he is igbo,but because igbos and edos believed he is too good,why didn't you mention how he won flawlessly in Edo?how Edo is becoming the capital of labour party?abi Edo your cousins na igbos too? Well about orji uzo,have you ever been to ABA,I mean where you in ABA during orji uzo regime?am sure you were not so please never ever say that again,I was born in the middle 80's and I just finished secondary school when orji uzo became a governor. Orji uzo did all the roads in ABA,I kive in Ibadan now and Ibadan is so depleted,my wife is yoruba and he told me that it was even ajimobi that did some roads like 6 years go or so wey don spoil. Oga orji uzo in my very eyes did Jubilee behind my road which is a major road called Azikiwe,did market road Infront of me,did tenant road,Cameroon road next,Clifford road,ehi road and ASA road,these raids are in front of each other because ABA was greatly planned,that man did all the roads in ABA but the next governors that followed him did nothing Orji uzo made enyimba football club what it is today,as of that 1999 he started paying players 1million,always comes to the stadium on coaster bus with his commissioners every weekend to come watch match,ABA was so so sweet and looks great,funny enough you have never been to ABA or have only saw it on news few years back or being to there few years back,so never you talk about what you don't know, The only state in yoruba land that is far beautiful/Better than ABA is Lagos,during orji uzo time,I be confirm ABA born and brought up,the only governor that can beat what he did is otti,but not yet.my Yoruba wife even told me how messed up ekiti is, don't talk about where you have never been to please Anyways TRUTH HURTS If you like capitalize,do you wonder why igbos can never vote for other politicians in igbo land the way we voted for obi?it's because we don't support nonsense,obj,yaradua,Jonathan ,these are the 3 presidents igbos voted for and they didn't dissapoint and ARe not igbo,we even voted OBJ against ojukwu which angered ojukwu. So if at all obi messed up,we will attack him that is who igbos are,as for tinubu he didn't fight for your own good,the looting and destruction APC is engineering now is the reason why he did a coffin for Jonathan and did occupy Nigeria,we all were gullible and fail for it not only you,yet we refused to vote for buhari because we knew he would be a disaster not because he is not Igbo,is that not why he called us 5%? Broda truth be told that buhari and tinubu you voted for are disasters,we are not part of it,continue defending him as your brother,hope you got the prayer akpabio sent to your mailbox for your holiday enjoyment bro👍 |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Onyiridike(f): 1:39pm On Aug 22, 2023 |
cursedAbiola:Dangote is another thief. |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by UnabashedIPOB: 2:17pm On Aug 22, 2023 |
This is to all you lovers of your gawd awful country, Liegeria, let it be known that your country is sinking faster than you can ever imagine. A country that is so richly endowed with natural resources and yet 99% of its citizens are poor beyond measure. Your impostor president lied to you that your foreign reserves are more than they actually are and he kept borrowing like a drunken sailor. Let me say it again, Liegeria, would NEVER get better no matter who is piloting its affairs because it was structured to fail based on its faulty foundation. Know this now and know peace! The condition that a lot of you find yourselves in now is just the beginning. The time would come and you would be killing each other just to survive. And I would be back on this same platform to talk about it. |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by Blackdisciple(m): 2:46pm On Aug 22, 2023 |
Only 3.7bd chaiii they have finished it ... |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by ariesbull: 2:58pm On Aug 22, 2023 |
MTNnews:I dey Lagos now Na so your sister Dey beg Una go see pepper |
Re: Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion - JP Morgan by OmoGomesIlorin: 3:34pm On Aug 22, 2023 |
josielewa: Don't scare yourself with the national debt. the US for example is owing more that its reserve, |
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