Arabic Writing or Inscription on Our Naira and Army Logo, Don't Blame Fulanis Again

 Many of us including me ignorantly accuse the Fulanis who ruled the better part of Nigeria's 56 years of independence as the ones that put the Arabic writing or inscription on our Naira and Army Logo. We are all wrong.

I came across these Nigerian Pounds Last month and I took a picture of them. Some of them were dated 1959. What striked me is seeing the Arabic Inscription on Nigeria's Legal Tender as at then when the British hold sway.

I also Went on line to see how the currency look then under Federation of Nigeria and it was the same. The Shillings and Pounds also have those Arabic writings.

Foreign Investors Are Worried About Kenya’s Economy And It’s Because of Nigeria

Devaluation of the naira could prompt investor flows into Nigerian stocks at the expense of Kenyan holdings, Renaissance Capital’s Global Chief Economist Charles Robertson said in a telephone interview on June 16.

Nigeria had underperformed the four stock exchanges with the most actively traded stocks on the continent (outside of South Africa) up until June 16. Since then the Nigerian Stock Exchange AllShare Index has recovered to post a 2.72 percent gain for the year to June 21, compared with a 8.44 percent increase for the Moroccan MADEX Index, 3.5 percent for the Egyptian 30 Index and 0.46 percent for Kenya’s Nairobi Stock Exchange All-Share Index.

Over coming years Kenyan equities could have the most to lose now that Nigeria has devalued its currency, said Robertson.