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Nairaland Forum / Nairaland / General / Business / Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes (18269 Views)
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Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by SHOPPERS(m): 9:07pm On Dec 24, 2014 |
hh |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by Stegomiah: 9:07pm On Dec 24, 2014 |
No one is to blame, that's the way the system works, he was a Former NSE president, guess he must have made part of his fortune from there when things were fine and now he has to live with the present, tomorrow to rise again Same thing happened to warren buffet, a few years ago. He's still Africa's richest though by miles 3 Likes |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by Calculia: 9:08pm On Dec 24, 2014 |
Blame Boko Haram... |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by cold(m): 9:08pm On Dec 24, 2014 |
Wow! So many ignoramuses on here. Is GEJ the cause of the slump in oil prices? I'm not one to pander to these political shenanigans. But i can't stand idiocy either 2 Likes |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by Nobody: 9:11pm On Dec 24, 2014 |
CHineke mee 7.8 billion dollars Kai And I am looking for just I million I hope he bounces back |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by KruggerINC(m): 9:13pm On Dec 24, 2014 |
buJu234: Very correct yarns my brother! |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by mensdept: 9:15pm On Dec 24, 2014 |
Ok and so? |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by tinacrl01(m): 9:16pm On Dec 24, 2014 |
[color=#000099][/color] JONA SHLD GET AWAY OUT OF THIS COUNTRY |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by Nobody: 9:16pm On Dec 24, 2014 |
slightlyMad:no wonder ur name na slightlymad 2 Likes |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by Nobody: 9:17pm On Dec 24, 2014 |
Dangote is not the only one affected by the Naira wahala, I pray this country is stabilised soon. Anyone still expecting Dangote donation |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by Nobody: 9:17pm On Dec 24, 2014 |
av heard...... Meanwhile ma no hear say trailer kill anybody |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by imisi2014: 9:19pm On Dec 24, 2014 |
how is this news?
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Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by Ekans: 9:20pm On Dec 24, 2014 |
Oh Nigeria!, Uncle jona has really messed us up big time. 2 Likes |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by 100Cents: 9:25pm On Dec 24, 2014 |
I was deliberating this issue with one of mine friends this night. Is it wise to buy cement at N1,745 and at which price can someone sell ? Is the imported content in cement more than the local additive ? Why should the sliding dollar exchange rate to naira affect cement price ? This man must have seen the hand writing on the wall. That's why after reducing cement to 1,308, he hiked it again to 1,745. After collecting N14bn from Nigerians to list a company. O boy! |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by 100Cents: 9:30pm On Dec 24, 2014 |
slightlyMad: Not only this. GEJ govt unlike OBJ is favourable to his number one competitor. See, if food no belle full man pikin, Wetin him comot from teeth using tooth pick no go belle full am. Ibeto and Dangote cement were the pioneer private individual investors in cement business in Nigeria. All of a sudden, the govt of the day favoured one person above the other to the point of crippling one. Yours trully will want a govt that will tilt a favor on him again though it may never happen. At least, when we do things, let's try and fear God. That's what I always tell people. |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by 100Cents: 9:39pm On Dec 24, 2014 |
molotov1: For your mind, world oil price plummeted because of Jonathan. What is the name of that your school again ? 1 Like |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by 100Cents: 9:40pm On Dec 24, 2014 |
slightlyMad: See them, mad people.. |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by Braggante(m): 9:44pm On Dec 24, 2014 |
igbo2011: You were warning people to diversify. Lol. And you are? Who did you warn Abeg? 1 Like |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by Nobody: 9:45pm On Dec 24, 2014 |
Dangote is not a very smart investor. Instead of investing huge amount of his wealth into USA or UK economy he keeps pouring everything into Africa with too many economists without brain! Smh...! Next he will sell the remaining part to Arab brothers! Jeez! |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by 100Cents: 9:48pm On Dec 24, 2014 |
all4naija: Oh I see, he is not smart but he is worth $25bn now $17bn. Smart bro, how much are you worth ? 5 Likes |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by valuedammy(m): 9:51pm On Dec 24, 2014 |
buJu234:So d chairman LG and my Landlord are responsible for d dollar devaluation, |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by Nobody: 9:52pm On Dec 24, 2014 |
100Cents:He could have worth much more and secure his wealth. I don't think the remain $17 billion is secured against the dollars or readily liquidated bonds. Smh...! |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by caukerzee(m): 9:53pm On Dec 24, 2014 |
Ekans: tinacrl01: teemanbastos:These retards above is prove that Africans hate to read. They read the Topic only and jump to the comment box. What else do you want to blame GEJ for? The next natural earthquake or tsunami that will happen?? Or the war going on in Syria? 1 Like 1 Share |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by sleekp1: 9:54pm On Dec 24, 2014 |
PipSurgeon:Buhari will stabilize oil price not just naira. Dont ask me how he gonna do it though.He said it himself. |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by MAURI: 9:56pm On Dec 24, 2014 |
recession and devaluation happens around the world to any economy.. so its not whether u have Buhari or GEJ or me as president. That is correct. But had we utilised the excesses / suplus we earned on crude to enhance the sectors you mentioned in the later part of your comment, we would have been better positioned to deal with the impact of the current fall in the price of crude. |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by igbo2011(m): 9:57pm On Dec 24, 2014 |
Braggante: I am an PanAfriconomist (An economist with a Pan African perspective). I warned friends and people on social media and forums but people called me crazy. I promote self reliance on my website but nobody wants to listen. www.africanedp.com If Africans didn't love everything foreign then we would have more foreign reserves to strengthen the naira but we love foreign clothes, cars, products, hair, make up, etc. We are still colonized and don't even know it. 8 Likes 2 Shares |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by 100Cents: 9:59pm On Dec 24, 2014 |
all4naija: If Dangote was not developing this country with his billions, our economy will be worse off. Because most of the goods he produces will still be imported, putting pressure on the naira. The demand is always there, Nigeria has the population. The Nigerian economy made Dangote who he is today. So only sango or amadioha will make him stop investing in that economy that made him a billionaire. I may not be right but with the little I know, I will still do what he is doing.. Why do you see businesses concentrating in areas with large population like Lagos state ? Because there will always be demand for what you produce. The business will record high turnover. Dangote is doing the right thing. He has no hands to correct the world oil price plummeting, so he can only do what lies in his ability.. 3 Likes |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by homesteady(m): 10:01pm On Dec 24, 2014 |
7.8 billion? Did he lose the money or his money just lost value? |
Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by betterabia: 10:19pm On Dec 24, 2014 |
APC = 18 votes PDP = 18 votes who am i gonna vote? since pdp is in power and appears more corrupt, they must be responsible.
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Re: Aliko Dangote Loses $7.8 Billion As Naira, Stocks Plunge -Forbes by Temidayo9(m): 10:30pm On Dec 24, 2014 |
buJu234: 1 Like |
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