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Nairaland Forum / Nairaland / General / Business / The Free Fall Of Naira (540 Views)
Dollar Free Fall Continues, Sells At N425/dollar / Naira On A Free Fall, As Fg Set To Introduce N10,000, N20,000, N50,000 Notes / Naira Continues Free Fall, Now N370/$ (2) (3) (4)
The Free Fall Of Naira by emmanuelgon: 6:37pm On Aug 21, 2016 |
The free fall of Naira did not happen overnight. When Naira was stronger was when we had, 1. Peugeot Automobile Nigeria. 2. Volkswagen Nigeria. 3. Dunlop Nigeria LTD 4. Michellin, Nigeria 5. BATA. 6. LENNARDS. 7. Nigerian Airways. 8. Steel Rolling Mill, Osogbo. 9. Steel Rolling Mill, Ajaokuta 10. Arewa Textile Mill. 11. BEREC Battery. 12. ANAMCO 13. General Motors. 14. Kingsway. 15 A.G. Leventis 16 Bhojson's 17. IBM 18. IICC. 19. RANGERS FOOTBALL CLUB. 20. ETC Free fall started when we abandoned, 1. IICC for ARSENAL 2. RANGERS for MAN. U. 3. EYINMBA for LIVERPOOL. 4. NIGERIA AIRWAYS for BA 5. YANKARI for DISNEY LAND. 6. GURARA for ISRAEL. 7. IKOGOSI for UK . 8. PALM WINE for HENESSY. 9. AREWA for SWISS LACE. 10. ARIARIA for ITALIAN SHOES. 11. MAMA PUT for QUINOX. 12. OJA OBA for SHOPRITE. There is practically nothing on ground in Nigeria to attract the dollar. Naija brands are sponsoring foreign clubs. A bottle of Henessy is 110k in Quinox, in V.I. The voice over of ARIK AIR advert was done by an English man. And we are growing the NAIRA! Hmmmm..... |
Re: The Free Fall Of Naira by ojnnaco(m): 7:00pm On Aug 21, 2016 |
I see. What's how can we redeem it?? |
Re: The Free Fall Of Naira by psucc(m): 7:18pm On Aug 21, 2016 |
Op these things did not just happen. In fact the free fall is facilitated by absolute lack of policy direction for the economy in addition to unwarranted bans without alternatives. |
Re: The Free Fall Of Naira by emmanuelgon: 8:37am On Aug 22, 2016 |
I see |
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