I was reading another thread and people were advising a man on how much money it would take to make a living.  He was advised in Nairas, and lots of them, in the millions!

So as an ignorant American, I have to ask, what is the breakdown in the convertion?  What does 1 US dollar equate to?

Could you all explain this in multiples of 10s (as this is what Americans can understand).

I'd appreciate it a lot! 

Oh and by the way, what is a good benchmark of what a person needs to make a year to live "decently". For example, in the US if a person is making 25 thousand a year (US) they are doing okay. Not poor, not rich. You are eating and surviving, but you can't afford to not work.  Yes lots of people make less than this  but I wanted a decent benchmark to start with.

35-50k= middle class 

aprox 55-100k= upper middle class 

100k-up= Doing great, can afford most anything. Not super rich, but if you make this much, you can afford stock market investments, a decent portfolio that can grow your money, and make you rich.   

Okay, please enlighten me.

I think $1= #140. it might have changed, though.

How much is 55 dollars in naira?

Hmm

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