Foreign reserves shed $5.09bn in four months

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

The country’s foreign reserves have continued its downward trend, dropping by $5.09bn from $38.53bn on January 2, 2020 to $33.

44bn as of April 28, 2020, latest statistics from the Central Bank of Nigeria have revealed.

He reiterated the need for government to urgently reduce reliance on oil revenue by gradually diversifying the economy and improving tax collection. He said, “Based on the current downturn in oil prices, staff projections indicate that output in the 2020 would be less than earlier envisaged.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This country is a mess 🤦🏽‍♂️

He don happen

When you refuse to implement the wisdom of a wise man

Where did all the money go to?

...and what did buhari did with that huge sum in 5 month? buhari is financially reckless, corrupt and wicked.

Since covid enter Nigeria, all we see is billion

We don't see where the money is going.

Before corona virus threat? What did you do with it. Don’t just announce figures, educate us. What you did with the amount, why and outcome.

Wrong policies or wrong execution? What is the problem?

No worries , those Mr integrity supporters devil is watching oh guys

What was it used for?

The way things are going now Buhari will leave with empty treasury and huge debt. 🤦🏽‍♂️

Because some of these unfortunate people have dual nationalities they are prepared to see Nigeria run aground.

Like something is leaking it, and what exactly could it be? That money will not move if no one move it right? So; who moved the money and for what?Was it announced/approved and used for a good purpose?So enormous what was it moved for means a lot to citizens

The money wasn't withdrawn 🤦🏾‍♂️. In case you are too lazy to open the link.

Una try wella

The house is on the fire, so unfortunate both landlord and tenants are busy chassing rats

If s see any one insult MNK again Like serious that person is insene what is going on here.. is this the corruption the promise to fight or what I sweep for the faith of nigeria In just no time to come😏 NewscastingPresident

The buha looters

You could have said 'drop'

No b Naija again Na their way be that

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NNPC revises crude oil prices downward for May – Daily TrustNNPC revises crude oil prices downward for May 🙆🙆🙆🙆🙆 Wahala dey ooo
Source: Daily Trust - 🏆 13. / 51 Read more »

I met an empty treasury without handover note, says UzodimmaAlmost four months after taking over as Governor of Imo State, Hope Odidika Uzodimma has disclosed that he met an empty treasury and without handover Oga please tell them o He’s my brother from the same local government but he’s very corrupt...sir with no disrespect what did u do for 16years as senator
Source: GuardianNigeria - 🏆 1. / 94 Read more »

FG reserves hotels for Dubai returnees in LagosIt's only lagos we now have hotels? It is well Ah! Una wan kill Lagos ni? No be small fight Lagos dey fight at the moment, I will suggest we get another location so that Lagos can have some rest or relieves, na beg I dey beg oooo. Most everything be Lagos? Cases are increasing in Lagos and who so ever coming in to the country will be directed to Lagos.
Source: MobilePunch - 🏆 8. / 63 Read more »

FG seeks Jonathan, Diezani’s foreign accounts’ detailsPerfect timing 😏😏😏 shey they won't focus on covid-19 Is that the solution to nigerian problem, Confused government Is FG broke Needs compulsory donations
Source: MobilePunch - 🏆 8. / 63 Read more »

Son Of Nigeria’s Ex-Vice President, Mohammed Abubakar, Recovers From Coronavirus | Sahara ReportersSon Of Nigeria’s Ex-Vice President, Mohammed Abubakar, Recovers From Coronavirus | Sahara Reporters His recovery came more than one month after he tested positive for the deadly virus. atiku READ MORE: atiku He doesn't even resemble his father and why does it takes too long to recovered 🙄🙄🙄 atiku God Look at head 😂 atiku I hope he'll be wiser now and take instruction from the consequences of his stupidity
Source: SaharaReporters - 🏆 9. / 63 Read more »

Onyeama, others stopped from harassing APC menEnugu State High Court has restrained Minister of Foreign Affairs, Geoffrey Onyeama, from harsssing executives of Enugu State All Progressives.....
Source: TheNationNews - 🏆 6. / 69 Read more »