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Nairaland Forum / Nairaland / General / Business / Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. (56552 Views)
See Why The Nigeria Naira Is Rapidly Depreciating Against The Dollar / Matches: I Am Shocked After Seeing This In Nigeria (photo) / Nigeria Naira Exchange Rate - Dollar To Naira, Euro To Naira, Pounds To Naira. (2) (3) (4)
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Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Princedapace(m): 10:02pm On Oct 15, 2017 |
Dee60: But most of those countries listed there are still ahead of Nigeria.. They are ahead in many sectors.. Most av better electricity, better transportation, better ICt facilities, better universities, better water and housing supply, etc. Most of those countries have gone pass Nigeria bro. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Afam4eva(m): 10:04pm On Oct 15, 2017 |
GavelSlam:I made a mistake. It was the other way around. 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by charlsecy(m): 10:13pm On Oct 15, 2017 |
Zenithpeak:0.75 British Pound is equivalent to 1 US Dollar; do you think that makes the British economy any better than that of the US? 3 Likes 1 Share |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by mgbadike81: 10:17pm On Oct 15, 2017 |
badmotherfucker:him and many of us no longer see ourselves as Nigerians. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by mgbadike81: 10:18pm On Oct 15, 2017 |
Princedapace:+1000 likes. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Lionofdjungle: 10:22pm On Oct 15, 2017 |
The rich are our problems in this country. When Soludo was the CBN governor, he wanted to equate a naira to a dollar but the rich men discouraged Yaradua from implementing it. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Trendishine: 10:26pm On Oct 15, 2017 |
Zenithpeak:hmm, lol...For dis ur country?...by d time most of una wake up, dey fit don sell some una give sudan...ur politicians no get chill , u wan come take chill pill?....i laff in swahilli o...nigeria is not funny my friend, n its not funny at all, n has neva been funny...u should go outside the shores of dis boundary and view d conundrum from there..go see edo girls dey tear their selves for d street of napoli to feed their mama and siblings, go see boys dey trekk d desert, n Mediterranean,some they pkuff sef,... just to escape the contraption,..isis and bokoharam they recruit local boys even with one-5, and d boys go pick up arms with all their hearts,..millions gat no job and not even a means of getting onetenth of d valueless currency to chop groundnut.. everyone don become their own government,providing for themselves virtually all the government are responsible of providing, some don they even sell children for fifteen thousand, yet the very police dey rob from even evans d kidnapper,....and these ediotic bunch of possessed shameless politicians of sirens n convoy, dey gallivant for 2019....n some of una dey clap..where d chill pill for dat matter?.. abeg zenithpeak, talk anoda thing , no go there....nigerians neva vex reach....if this contraption no they shame una , e dey shame some other people..make una they drink chill pill dey sleep..welldone o, na wen even niger n togo start to dey pursue una from their country the way south-africa and even Cameroon they do now, na im una go no say chill pill no be food...abeg no mention me biko, ejo.. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by leathalbeast: 10:27pm On Oct 15, 2017 |
Ghana this Ghana that! why can't you Nigerians let us be? how does it concern Nigerians that we revalued our money? I'm really tired of this nonsense. 1 Like 1 Share |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by CocoaOla: 10:28pm On Oct 15, 2017 |
Lionofdjungle:because of their selfish gains abi nemesis will soon catch up with them |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Ainsky: 10:30pm On Oct 15, 2017 |
You need to learn economics. The low value of the Naira as contrasted to other currencies is only relevant if you're buying things from abroad as you are which is known as import. For the economy of Nigeria itself it matters how much purchasing power it has. If 1 Libyan dinar is worth 262 Naira but you can buy bread for 100 Naira in Nigeria but it costs 2 dinars in Libya, then Nigeria has more purchasing power. Additionally Nigeria is an export heavy country with oil revenue being a major source of the country's revenue. As such a weak currency helps the country because it can sell more oil and get more money. In general a strong currency favors imports and a weak currency favors exports. For developed strong economies a stronger currency is beneficial but for growing economies, especially export oriented ones like Nigeria, a weak currency is beneficial. A weak currency discourages imports like your fashion items and encourages exports. Zenithpeak: 7 Likes 1 Share |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by richard870(m): 10:31pm On Oct 15, 2017 |
Freetech:That's not always a determining factor.... other key economy indices could influence a country's currency either positively or negatively. Wetin ghana dey produce? |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by leathalbeast: 10:38pm On Oct 15, 2017 |
richard870:don't be silly, what do you know about Ghana to make such a nonsensical statement?. 3 Likes 1 Share |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by centboy123456(m): 10:41pm On Oct 15, 2017 |
Afam4eva: I love to go to Mauritius how can I go were to pass |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by richard870(m): 10:50pm On Oct 15, 2017 |
leathalbeast:Lolz, I know a lot cuz that's where I live. Next time do proper research before composing misleading articles such as this. OK, bye! 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by bigpicture001: 10:52pm On Oct 15, 2017 |
Freetech:....sir I don't think you are ryt..abt the level of production or how du you explain that china produces more than Tunisia but Tunisia has currency with larger value than china 1 Like 1 Share |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Ifiegboria(m): 11:07pm On Oct 15, 2017 |
Na wah |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 11:31pm On Oct 15, 2017 |
Cladez: Lol! Trust me nigeria is not better dn any of those countries listed, when it comes to living well. Maybe sudan. Nigeria is a big load of shi.t to be honest. 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Jhulyan(m): 11:47pm On Oct 15, 2017 |
Afam4eva:Mdx? |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Emmyk(m): 11:51pm On Oct 15, 2017 |
Dee60:You made sense. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Akachukwu42(m): 12:25am On Oct 16, 2017 |
Dee60:Help me tell them |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Akachukwu42(m): 12:31am On Oct 16, 2017 |
Lloydfolarin: Those when no go no know. . When u leave Nigeria.. Den we go learn to appreciate. . 2 Likes 1 Share |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Akachukwu42(m): 12:39am On Oct 16, 2017 |
CocoaOla: Are u really saying dis..Wich of the African country u don visit 1 Like 1 Share |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Akachukwu42(m): 12:41am On Oct 16, 2017 |
Zenithpeak:U are the one getting the whole concept wrong. . He was taking about purchasing power.. Boss a shoe u buy in Nigeria for 18k is sold here on ghana for 400 cedis.. Go and do your calculation and understand Wat he meant 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by 5errguru: 12:47am On Oct 16, 2017 |
With All this exchange rate, why won't Nigerians be in almost every part of the world for a better living. Abeg if you still dey naija, try travel ooo! atleast if not Europe, go any other african country, foreign base na foreign base ooo! |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 12:48am On Oct 16, 2017 |
Akachukwu42:thank u oga mi. 1 Like 1 Share |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by 9inches(m): 12:59am On Oct 16, 2017 |
Zenithpeak: The paper should be swapped for leather to make naira STRONGER. 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by flejnr(f): 1:05am On Oct 16, 2017 |
October 17 Federal high court abuja 9:00am . so sorry my brothers na just this morning the Python vomit am, we no know sey em swallow am after for the dancing competition, una no vex. 1 Like 2 Shares
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Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by saasala(m): 1:44am On Oct 16, 2017 |
Freetech: Stop misinforming people. Turkish Lira is very strong. 1 dollar to Lira = 3. With 3 Lira you get one dollar. 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Gkemz: 1:58am On Oct 16, 2017 |
Our currency is a worthless piece of paper when compared to Ghanaian cedi that used to be below our currency. Buhari e no go better for you for dragging us backward. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by positivetaught: 2:08am On Oct 16, 2017 |
where are all the street soccer wannabe super stars,you can just find your way to Botswana, make some dough n come back to form foreign pro for all these yeye slay queens self.ha NA wao ,naija don't suffer even for Africa. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by positivetaught: 2:30am On Oct 16, 2017 |
Dee60:pls can you tell us the price of the same size of bread in Kenya in shillings, let's do the math's n see the true strong currency in real terms pls,I'm very interested in this stuff. |
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