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Nigerian Naira Fast Becoming The Weakest Currency In Africa - Business - Nairaland

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Nigerian Naira Fast Becoming The Weakest Currency In Africa by MANDIPUTIN: 9:29am On Aug 24, 2020
*NIGERIAN NAIRA FAST BECOMING THE WEAKEST CURRENCY IN AFRICA....*

South Africa: Rand 1= 79 Naira
Angola: 1 kwanza = 12 Naira
Botswana: 1 Pula = 28 Naira
Cape Verde: 1 Escudo = 8 Naira
Algeria: 1 Dinar = 12 Naira
Egypt: 1 Pound = 35 Naira
Eritrea: 1 Nakata = 18 Naira
Ethiopia: 1 Birr = 19 Naira
Ghana: 1 Cedi = 56 Naira
Gambia 1 Dalasi = 9 Naira
Kenya: 1 shilling = 6 Naira
Liberia: 1 Dinar = 8 Naira
Lesotho: 1 Loti = 19 Naira
Libya: 1 Dinar = 156 Naira
Morocco: 1 Dirham = 176 Naira
Madagascar: 1 Ariary = 14 Naira
Mauritius: 1 Rupee = 16 Naira
Malawi: 1 kwacha = 21 Naira
Mozambique: 1 Metical = 24 Naira
Namibia: 1 Dollar = 32 Naira
Seychelles: 1 Rupee = 22 Naira
Sudan: 1 pound = 42 Naira
Swaziland: 1 Lilangeri = 19 Naira
Tunisia: 1 Dinar = 150 Naira
Zambia: 1 kwacha = 28 Naira
Even the worst economies of Africa now have more valuable Exchange rate than us.
As at today $1 = N470?
€1 = N500?
£1 =N640?
N1,000,000 is less than $4000.
...and some think that we have not reached the breakpoint?
Putin (Russia): Lawyer
Trump (America): Economics degree
Merkel (Germany): PhD physical chemistry
Xi Jinping (China): Chemical engineering and Doctor of Law
Buhari (Nigeria): WAEC not found
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Holiegrail2: 9:34am On Aug 24, 2020
Giant of Africa INDEED!!!
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by sageprime(m): 9:36am On Aug 24, 2020
Liar as of today one rand is 21 naira.

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Golan007: 9:38am On Aug 24, 2020
Donald Trump:

cheated in SATs using the mercenary Joe Shapiro who wrote the exams for him.

grin
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Nobody: 9:47am On Aug 24, 2020
OK, do you mean there is no Africa country which our currency is superior to, at least that's not the whole country on the continent, talk about the ones, which we are better than, don't just rub poo on our face.
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by skyblueking(m): 9:50am On Aug 24, 2020
Mad ooo...
Whereas we no get 5naira again..
When Nigga Raw released Obodo we thought it was a joke. Very soon 1k would become totally useless..
When the cost of living is higher than the income then you now what follows..
If them like make our currency no exist again we go survive...
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Nobody: 9:55am On Aug 24, 2020
I blame buhari and apc government for this cry

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by spy24(m): 9:55am On Aug 24, 2020
Fear the people who do not see anything bad with this news

They are the reason why we are all suffering
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by coscj(m): 10:40am On Aug 24, 2020
The system is continually being sabotaged by big players. Majority of our politicians own dollar black markets.
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by mamaafrik(m): 10:41am On Aug 24, 2020
Na coup go end this country las las.....,too many rot in the system
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Notatribalist(m): 2:40pm On Aug 24, 2020
MANDIPUTIN:
*NIGERIAN NAIRA FAST BECOMING THE WEAKEST CURRENCY IN AFRICA....*

South Africa: Rand 1= 79 Naira
Angola: 1 kwanza = 12 Naira
Botswana: 1 Pula = 28 Naira
Cape Verde: 1 Escudo = 8 Naira
Algeria: 1 Dinar = 12 Naira
Egypt: 1 Pound = 35 Naira
Eritrea: 1 Nakata = 18 Naira
Ethiopia: 1 Birr = 19 Naira
Ghana: 1 Cedi = 56 Naira
Gambia 1 Dalasi = 9 Naira
Kenya: 1 shilling = 6 Naira
Liberia: 1 Dinar = 8 Naira
Lesotho: 1 Loti = 19 Naira
Libya: 1 Dinar = 156 Naira
Morocco: 1 Dirham = 176 Naira
Madagascar: 1 Ariary = 14 Naira
Mauritius: 1 Rupee = 16 Naira
Malawi: 1 kwacha = 21 Naira
Mozambique: 1 Metical = 24 Naira
Namibia: 1 Dollar = 32 Naira
Seychelles: 1 Rupee = 22 Naira
Sudan: 1 pound = 42 Naira
Swaziland: 1 Lilangeri = 19 Naira
Tunisia: 1 Dinar = 150 Naira
Zambia: 1 kwacha = 28 Naira
Even the worst economies of Africa now have more valuable Exchange rate than us.
As at today $1 = N470?
€1 = N500?
£1 =N640?
N1,000,000 is less than $4000.
...and some think that we have not reached the breakpoint?
Putin (Russia): Lawyer
Trump (America): Economics degree
Merkel (Germany): PhD physical chemistry
Xi Jinping (China): Chemical engineering and Doctor of Law
Buhari (Nigeria): WAEC not found
Remove Ghana CEDI's. If Nigeria take away 0000 like Ghana did naira will be hundred x higher than CEDI's.

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by oluwadabira111(m): 2:43pm On Aug 24, 2020
Notatribalist:
Remove Ghana CEDI's. If Nigeria take away 0000 like Ghana did naira will be hundred x higher than CEDI's.
Can you explain more pls angry

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Notatribalist(m): 3:06pm On Aug 24, 2020
oluwadabira111:
Can you explain more pls angry
Let's assume you have 1,00000 in your account. That's one million naira, so take away four zeros from the one million naira you will have 10naira..This is what Ghanaians did in 2006/07...They simply took away the plenty zeros from their currencies to make it sound powerful,But no Economic value.So cars that were being bought with millions old currency are now being bought with thousand.The changes is in the zeros,not because the price become cheaper.Hope you understand?

2 Likes

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by oluwadabira111(m): 3:10pm On Aug 24, 2020
Notatribalist:
Let's assume you have 1,00000 in your account. That's one million naira, so take away four zeros from the one million naira you will have 10naira..This is what Ghanaians did in 2006/07...They simply took away the plenty zeros from their currencies to make it sound powerful,But no Economic value.So cars that were being bought with millions old currency are now being bought with thousand.The changes is in the zeros,not because the price become cheaper.Hope you understand?
Hmm I now understand more tanks bro!

3 Likes

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Notatribalist(m): 3:13pm On Aug 24, 2020
oluwadabira111:
Hmm I now understand more tanks bro!
You welcome.

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Mide3367: 8:14pm On Aug 24, 2020
Fantastic grin. We are heading somewhere.

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