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Nairaland Forum / Nairaland / General / Travel / Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K (32763 Views)
Nigeria Airways Plane Being Prepared For Take-Off In Ikeja, Lagos In 1969 (Pic) / Photo Of A Foreigner Carrying A Well Maintained Nigeria Airways Bag / Captain Hadiza Lantana Oboh, Nigeria Airways’ First & Only Female Pilot (2) (3) (4)
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by 989900: 2:30pm On Mar 13, 2015 |
PEREP: Even monkeys know the the infrastructure in first world countries in the 70s/80s, are not as good as what they are now. Nor are our infrastructure anything remotely near amazing, even now. 2 Likes |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by GeneralBosco: 2:34pm On Mar 13, 2015 |
MusaIbrahim1:I've met your type before...dumb heads who feel Buhari is responsible for all Nigeria's problems. |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by Nobody: 2:52pm On Mar 13, 2015 |
GeneralBosco:Typical APCshit guy, always calling names instead of facing facts... Buhari is too lame to be a president... |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by Lakeshizu(m): 2:53pm On Mar 13, 2015 |
bushdoc9919:Pls can I get the book you mentioned and where? |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by 1stola: 2:56pm On Mar 13, 2015 |
5p1naz:WHENEVER I SEE SOMETHING LIKE THIS, I CAN'T JUST STOP WEEPING. HOW GREEDY AND WICKED OUR PAST LEADERS HAVE BEEN. IMAGINE DOLLAR WAS ONCE 0.598 TO NAIRA THE GENERATION OF THIS OLD BASTĄRD MISERABLE FO0LS THAT HAS CRUMBLED OUR ECONOMY ARE THE ONCE IN THEIR 60s, 70s and 80s now. SOME OF THIS GREEDY OLD FOOLS ARE STILL ALIVE. THEY ARE OUR MAJOR PROBLEM. IBB OBJ GOWON GEJ TINUBU DAVID MARK AND MANY OTHERS. I PRAY THIS BASTĄRDS DIE A VERY PAINFUL AND MISERABLE DEATH. |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by Curvinus(m): 2:56pm On Mar 13, 2015 |
mmsen: All money is fiat money.... |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by GeneralBosco: 3:00pm On Mar 13, 2015 |
MusaIbrahim1:You're not providing any facts worth facing. You claim the Nigerian Airways took a downturn under Buhari. That's ridiculous!! What fact do you want me to face from such a blatant lie?? |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by mmsen: 3:02pm On Mar 13, 2015 |
Curvinus: Gold/Silver coins are not 'fiat' money - they have universal value as metals, they are commodities. Bitcoin is not 'fiat' money - it is mined by computer calculations, entirely independent of any government. You don't know what 'fiat' means. 1 Like |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by imoh4king(m): 3:15pm On Mar 13, 2015 |
5p1naz: I love your analysis...... very good job |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by omonnakoda: 3:39pm On Mar 13, 2015 |
Perhaps the OP can shen more light on the time for that ticket but no way was that in the 70s even in 1985 the $ was exchanging for 3-4 Naira in the Black market and much less officially. 17000 would be $3000- $4000 at least because then the government did not recognize parallel rates I believe things started moving in this direction toward the end of Babangida's regime. Definitely not the 70s |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by omonnakoda: 3:47pm On Mar 13, 2015 |
mmsen:There is SOME merit in the argument that all money is fiat money. I think we need to be flexible in how we think about these things .Things are not always absolute. As far as the "universal value" of gold is concerned ,what does the word "VALUE" mean?. Somehow I believe it means different things to different people in different places at different times. Even cannabis and guns have value as did NEGROES once upon a time |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by mmsen: 4:01pm On Mar 13, 2015 |
omonnakoda: Gold can be used for practical reasons (dental, in machinery, electrical components etc) hence why they have value - for it to be used as a form of currency is not its only function. Human beings, as labor, do indeed have value - women are still traded as chattel by some. Fiat money is government issued paper, incomparable to gold, silver or even bitcoin. Paper money cannot be used for anything other than to be exchanged for something else that is needed. Unlike gold, not all fiat currency is deemed valuable, globally. Wherever you go in the world you will be able to find somewhere where you can trade in your gold/silver coins/bars, that is not the case with a majority of the world's fiat currencies and that is what I mean by 'universal value'. |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by jamex93(m): 4:24pm On Mar 13, 2015 |
u called #17000 plus cheap...... OK please help me with #10,000 |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by omonnakoda: 4:29pm On Mar 13, 2015 |
mmsen:I do not dispute MUCH of the foregoing all I am saying is there are no absolutes in life .Always there is much in between.I believe there is plenty of merit in the the argument that all money is fiat money. The argument ,in my view, should not be dismissed out of hand. The price of gold has little to do with its utility , gold has been valued long before modern dentistry.Gold is not more useful than Iron it just happens to be rarer. If there was exactly the same amout of Iron and Gold in the world which would cost more It would be interesting to study the history of gold in some detail. e.g Legend has it that after the visit of Mansa Musa to Mecca gold was devalued for more than a decade still it would be useful to agree on some definition of "VALUE" It would also be useful to define "MONEY" and we cannot escape the fiat nature of money whatever it might be I think that there is a lack of clarity of what money is or can be.by the way paper can be recycled.It is always dangerous to make absolute categorical statements(This should be prefaced "to the best of my knowledge"So to say paper money cannot be used for anything else is a misunderstanding. We are now entering an era where a lot of "money" exists without paper. With Technology paper money can and will be phased out and then will come a deeper understanding of what money REALLY IS. It is essentially "Credit and debit" based on confidence its value rises and falls with the confidence about the ease and certainty of extracting "value". Money therefore is a psychological thing and not a physical thing really |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by Nobody: 4:32pm On Mar 13, 2015 |
GeneralBosco: Which fact? That he couldn't secure his regime from IBB and he is promising us SECURITY,.... APCs are just bull.shit... |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by mmsen: 4:44pm On Mar 13, 2015 |
omonnakoda: I used dentistry as an example but the bold is wrong - I'm not going to sit here and list all of gold's uses. That is precisely why it is so valuable. Gold is the most malleable, ductile natural metal there is. It is also hardy and resistant to acid attack. This makes it both useful in industry and as a means of storing wealth. Would you pay the storage space to keep a secured vault full of old decommissioned Naira notes if you knew that they had no value? Many people are willing to pay vault fees to keep their gold safe for years - because it a holds its value, unlike fiat currency. Fiat money is currency which derives its value from government regulation or law. The value of gold has nothing to do with any government declaration or legislation. |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by babamajor: 4:50pm On Mar 13, 2015 |
Dat was d good old days , d arik ticket I bout last week to come to naija for holiday cost me $1320 dollars. |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by omonnakoda: 4:51pm On Mar 13, 2015 |
mmsen:Money has existed before governments and exists without government so the idea that Fiat money only derives from government or regulation is erroneous The majority of buyers of gold do not use if for any of its so called uses. I assert that its price is driven mainly by those who we may categorize as savers,investors and speculators NOT industrialists,dentists etc The price of gold almost doubled and then halved since 2008 this has /had nothing to do with any of those USES you are talking about if anything that use has been increasing so why is the price falling. The answer is quite simple ; that component of the aggregate demand for gold is relatively small compared to Bullion purchase and other "investment" saving activity. Also most of the gold trade in the world is in futures/contracts which is way out of sync with production volumes. Most of gold trade is on exchanges involving no gold actually changing hands.It is all based on confidence |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by mmsen: 4:55pm On Mar 13, 2015 |
omonnakoda: Educate yourself. If you knew Latin you wouldn't even attempt to argue whatever point it is you think you have. https://en.wikipedia.org/wiki/Fiat_money Fiat money is currency which derives its value from government regulation or law. The term derives from the Latin fiat ("let it be done", "it shall be".[1] It differs from commodity money and representative money. Commodity money is based on a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange, while representative money is a claim on the commodity rather than the actual good. The complete opposite of what you are claiming. |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by omonnakoda: 5:00pm On Mar 13, 2015 |
mmsen:for me this is not personal.You seem to take things egotistically. Fiat money is a term that is used widely in many textbooks and elsewhere.What you quote from Wikipedia is useful.Read it thoroughl and perhaps read wider Once again it is NOT restricted to governments. Many Banks issue it and it has existed and exists before governments and where there are no governments. Cowries or manillas were an example of fiat money or commodity money. Sometimes the distinction is blurred There is a difference between the terms MONEY and CURRENCY though usually they mean the same thing. In these days of VISA and Mastercard meanings are changing To listen to you one would think we are defining things as precisely as on the periodic table. The trillions of dollars that circulate today have NEVER been printed on any paper they only exist electronically .That indicates that money Can exist as an electronic signal The reason for the 2008 crisis is that BANKS not governments created a lot of Fiat money that was not backed up and eventually the chickens came home to roost One needs the conceptual capacity to understand what money has been,is and is becoming. It is perpetually in flux and one need not be constrained by undergraduate reliance on rigid "Definitions" one needs to think a bit |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by Nobody: 5:01pm On Mar 13, 2015 |
IGBOSON1:I was thinking along the same line. That price must have been set sometime in the 80s (mid to late 80s). |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by Nobody: 5:05pm On Mar 13, 2015 |
babamajor:Wow! You even got a 'good' deal. For those of us in the West coast, finding a $2,000 return ticket would be an amazing feat. |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by mmsen: 5:18pm On Mar 13, 2015 |
omonnakoda: In western Africa, shell money was usual legal tender up until the mid 19th century. Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation. Fiat money is currency which derives its value from government regulation or law. 1 Like |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by Nobody: 5:18pm On Mar 13, 2015 |
HABA BROS 17,000 NAIRA AS AT THEN HOW MANY PERSON WAS EARNING THIS KIND OF MONEY PER ANNUM. THE FIGURE LOOKS VERY SMALL TODAY BUT WAS IN NO WAY CHEAP THEN. 1 Like |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by omonnakoda: 5:20pm On Mar 13, 2015 |
mmsen:let us agree to disagree then. |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by KingTom(m): 5:35pm On Mar 13, 2015 |
bushdoc9919:I thought somebody said it was 5 million dollars. "How much did Jim Nwobodo stole? Money not enough to buy Peugeot 504" 1 Like |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by Nobody: 6:23pm On Mar 13, 2015 |
A new national carrier is on the horizon.. |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by Nobody: 6:26pm On Mar 13, 2015 |
Lakeshizu: Sorry I am late.... It is Soldiers of Fortune...Nigerian Politics from Buhari to Babangida(1983-93)...available at any good bookshop in this country. I got mine from the Booksellers Limited (List of branches here) |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by shegsrules(m): 12:37am On Mar 14, 2015 |
5p1naz: From 1999 pdp till date na worse to worse oooo 1 Like |
Re: Check Out Throwback Pix Of Nigeria Airways, Lagos To New York For Less Than N18K by AlphaTaikun: 6:18pm On Jun 01, 2022 |
lolaxavier:Nigeria Airways... "We take you there." Truly nostalgic. 1 Like 1 Share |
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