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Billions Pour Into Nigeria As Tinubu’s Reforms Start To Pay Off - Bloomberg - Politics - Nairaland z5ur

Billions Pour Into Nigeria As Tinubu’s Reforms Start To Pay Off - Bloomberg (45491 Views)

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seunmsg(m): 4:10pm On Mar 08, 2024
Foreign investor demand for Nigerian assets and money sent home by citizens living abroad surged last month as reforms instituted by President Bola Tinubu’s istration started paying off.

Foreign portfolio investor asset purchases exceeded $1 billion in February, bringing total receipts so far this year to at least $2.3 billion, Hakama Sidi Ali, a spokeswoman for the central bank, said in an emailed statement. That compared with $3.9 billion for the whole of 2023. Overseas remittances rose more than fourfold to $1.3 billion in February from a month earlier.

https://www.bloomberg.com/news/articles/2024-03-08/billions-pour-into-nigeria-as-tinubu-s-reforms-start-to-pay-off

134 Likes 15 Shares

BobbieZion(m): 4:13pm On Mar 08, 2024
Funny statistics.
All this big big have not changed anything positive.

Let the change be felt directly on the economy.
Not all this propaganda useless moves.

Same thing they did for good 8 years under Buhari telling us to be patient that the reforms will be positive, only for it to go down the drain beyond imagination.

363 Likes 25 Shares

Okoroawusa: 4:13pm On Mar 08, 2024
I Love Bola Ahmed Tinubu

210 Likes 23 Shares

seunmsg(m): 4:14pm On Mar 08, 2024
BobbieZion:
Funny statistics.

Let the change be felt directly on the economy.
Not all this propaganda useless moves.

This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

285 Likes 32 Shares

Chimarto: 4:14pm On Mar 08, 2024
Una don start again with North Korea like propaganda.

151 Likes 10 Shares

garriAndsugar: 4:15pm On Mar 08, 2024
In lay man's term tinubu made Nigerians so poor that their relatives abroad increased the money they send them.

All hail tinubu the master strategist.. mtchewww

320 Likes 26 Shares

immortalcrown(m): 4:15pm On Mar 08, 2024
APC said ₦216 per Dollar was too much. Therefore, no APC government is good unless Naira goes below 216 per Dollar in the regime.

153 Likes 15 Shares

SalamRushdie: 4:16pm On Mar 08, 2024
How much did the govt pay Bloomberg for this sponsored article?

126 Likes 11 Shares

BobbieZion(m): 4:20pm On Mar 08, 2024
seunmsg:


This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

Seun!!
No dey whine me.
It's been long I stopped taking people like you serious.
The so-called educated ones are the most dangerous.

You know since when I know Bloomberg?

138 Likes 14 Shares

9jatriot(m): 4:21pm On Mar 08, 2024
I wish you the best of luck in trying to explain the meaning of FPIs to the disciples of lamba king... 20 virgins for you if you can succeed. People wen their reasoning non go fit primary 6 exam na em you carry Bloomberg news report make dem de read.
seunmsg:
Foreign investor demand for Nigerian assets and money sent home by citizens living abroad surged last month as reforms instituted by President Bola Tinubu’s istration started paying off.

Foreign portfolio investor asset purchases exceeded $1 billion in February, bringing total receipts so far this year to at least $2.3 billion, Hakama Sidi Ali, a spokeswoman for the central bank, said in an emailed statement. That compared with $3.9 billion for the whole of 2023. Overseas remittances rose more than fourfold to $1.3 billion in February from a month earlier



https://www.bloomberg.com/news/articles/2024-03-08/billions-pour-into-nigeria-as-tinubu-s-reforms-start-to-pay-off?utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-africa&utm_medium=social&utm_content=africa


Cc: Mynd44 nlfpmod

23 Likes 4 Shares

seunmsg(m): 4:24pm On Mar 08, 2024
Chinjo2:
See this Oponu
Total remittances increased because people can no longer fend for themselves. They now rely on family abroad for survival.
Is that what the government is celebrating?

Can you haters stop talking nonsense? Diaspora remittance is a major source of forex earning for Nigeria and sadly, it has been dwindling over the years. Under Buhari, Emefiele even started offering Nigerians in diaspora extra N5 for every dollar remitted yet, the response wasn’t so good. People in recent times preferred sending money to relatives at home through crypto and fintechs outside banking control.

Now that there is significant improvement, it means confidence is returning to the system. It is a good indication that the reforms are working. Only senseless and irredeemable haters will attribute this to suffering. People remit money home from all over the world. It has nothing to do with the high cost of living all over the world.

147 Likes 12 Shares

BOYS2MEN: 4:24pm On Mar 08, 2024
Seyi TINUBU is that you....if na u,signify so that thunder no go miss him way 🤨
seunmsg:


This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

59 Likes 4 Shares

Creamypie(m): 4:25pm On Mar 08, 2024
Without publishing lies, APC no go dey confident. Falsehood is their lifeline. They will soon publish they rescued some of the students kidnapped yesterday. Without dollars from Nigerians abroad, them no fit get dollar, as if no be their failed policies made em relocate

59 Likes 7 Shares

gaby(m): 4:27pm On Mar 08, 2024
Diaspora remittances wey don dey go on for as long as Nigeria has existed na him dem wan begin front as their miracle...wonderful.

Una well done.

46 Likes 2 Shares

meum: 4:27pm On Mar 08, 2024
“Na statistics we go chop?”

29 Likes 5 Shares

seunmsg(m): 4:36pm On Mar 08, 2024
BobbieZion:


Seun!!
No dey whine me.
It's been long I stopped taking people like you serious.
The so-called educated ones are the most dangerous.

You know since when I know Bloomberg?

From your mother’s womb I guess. Mtcheeeeew.

107 Likes 4 Shares

BobbieZion(m): 4:38pm On Mar 08, 2024
seunmsg:


From your mother’s womb I guess. Mitcheeeew.

No!!
From your ancestors coven......

32 Likes 6 Shares

FreeStuffsNG: 4:42pm On Mar 08, 2024
seunmsg:
Foreign investor demand for Nigerian assets and money sent home by citizens living abroad surged last month as reforms instituted by President Bola Tinubu’s istration started paying off.

Foreign portfolio investor asset purchases exceeded $1 billion in February, bringing total receipts so far this year to at least $2.3 billion, Hakama Sidi Ali, a spokeswoman for the central bank, said in an emailed statement. That compared with $3.9 billion for the whole of 2023. Overseas remittances rose more than fourfold to $1.3 billion in February from a month earlier



https://www.bloomberg.com/news/articles/2024-03-08/billions-pour-into-nigeria-as-tinubu-s-reforms-start-to-pay-off?utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-africa&utm_medium=social&utm_content=africa


Awesome!! We told them to stop hating Nigeria and Nigerians.

The naysayers and unpatriotic elements will not benefit from this.

God bless Nigeria for ever! Check my signature for free stuffs!

111 Likes 6 Shares

Ddeliverer007(m): 4:45pm On Mar 08, 2024
It’s an era of lies, deceit, propaganda and more lies.

You the fake bishops scam? Those people that executed it are now running the show now; expect lies upon lies upon lies.

You cannot rule a nation with propaganda.

No light in Nigeria.
No food.
No water.
No security.
Inflation over the roof.
Nigerians are struggling to survive.

But they pay some idiots and they lie.. As if say no be we dey this country. As if say we no dey see.. 😂

34 Likes 6 Shares

Spy360(m): 4:49pm On Mar 08, 2024
seunmsg:
Foreign investor demand for Nigerian assets and money sent home by citizens living abroad surged last month as reforms instituted by President Bola Tinubu’s istration started paying off.

Foreign portfolio investor asset purchases exceeded $1 billion in February, bringing total receipts so far this year to at least $2.3 billion, Hakama Sidi Ali, a spokeswoman for the central bank, said in an emailed statement. That compared with $3.9 billion for the whole of 2023. Overseas remittances rose more than fourfold to $1.3 billion in February from a month earlier



https://www.bloomberg.com/news/articles/2024-03-08/billions-pour-into-nigeria-as-tinubu-s-reforms-start-to-pay-off?utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-africa&utm_medium=social&utm_content=africa


Cc: Mynd44 nlfpmod
Na statistics we go chop?

20 Likes 2 Shares

Slytiger: 4:51pm On Mar 08, 2024
Obidients won't like this news and would try to derail the thread.

The Obidient directly above this post is doing just that.

14 Likes 3 Shares

Ola9ja23: 4:52pm On Mar 08, 2024
Clearly IPOBidients sad mood is activated


They are so frustrated to believe this is a propaganda but when same Bloomberg published about their Pandora Obituary they jubilate

Obviously this is a sad news to all enemies of Nigeria

26 Likes 4 Shares

Slytiger: 4:53pm On Mar 08, 2024
Bump.
azzima(m): 4:53pm On Mar 08, 2024
garriAndsugar:
In lay man's term tinubu made Nigerians so poor that their relatives abroad increased the money they send them.

All hail tinubu the master strategist.. mtchewww

ILLITERATE!!!!!!

12 Likes 3 Shares

Roger3D(m): 4:53pm On Mar 08, 2024
seunmsg:


This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.
Then why are Nigerians raiding food warehouses? Its's the same Boomberg bastards who pushed Tinubu into the reforms in the first place. I hope Nigerians garner the courage to ease him out in 2027

16 Likes 2 Shares

a4cube: 4:54pm On Mar 08, 2024
In few months time when you remind them of this propaganda and ask them the present benefit.
They start insulting with their Hayer and Wailer line.

This dude is blaming Buhari for dwindling of diaspora remittance forgetting he sang Buhari praises throughout his disastrous 8 years.

35 Likes 7 Shares

chopnaira: 4:57pm On Mar 08, 2024
Just as expected, some emergency lovers of Nigeria are already crying and wailing to this news still cheesy

8 Likes 1 Share

LegendHero(m): 4:59pm On Mar 08, 2024
This news will make those people sad.

If it’s not witchcraft, why will you be sad about positive news about your own country your said you love?

18 Likes 2 Shares

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