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Nairaland Forum / Nairaland / General / Business / Comparing The Nigerian Naira And The Benin Republic Cefa (71027 Views)
Is It True That 5k Cefa Is Now 10k Naira ? / How Much Is Cefa To Naira Exchange Rate Today Black Market / History Of Nigerian Naira, Symbol, Sign And Worth. (2) (3) (4)
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Re: Comparing The Nigerian Naira And The Benin Republic Cefa by InaNla(f): 4:05pm On May 15, 2021 |
[s] thebosstrevor1:[/s] |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by Nobody: 4:11pm On May 15, 2021 |
ecomalchemist: 300 naira can get you a nice bread and butter. 300 naira can get you nice rice and bean from iya basira and asinatu in the ghetto. You can buy indomie and egg with 300 naira. You can buy atleast 6 biscuits with 300 naira |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by InaNla(f): 4:12pm On May 15, 2021 |
[s] thebosstrevor1:[/s] |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by ecomalchemist(m): 4:38pm On May 15, 2021 |
babyfaceafrica: Absolutely, different strokes for different folks. |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by ecomalchemist(m): 4:40pm On May 15, 2021 |
thebosstrevor1: lol, bread and butter is not balanced diet Oga Ade. The after effects of eating iya basifbdmfjfhdbf and assasination in the ghetto might cost you a fortune if you don't have the required funds to access healthcare here in Nigeria. 1 Like |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by ecomalchemist(m): 4:42pm On May 15, 2021 |
thebosstrevor1: Its 450 - 500 where i reside and it don't even last more than 12 hours. |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by Nobody: 4:44pm On May 15, 2021 |
ecomalchemist: You can continue to give excuses upon excuses, a loaf of bread is 300 naira |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by Nobody: 4:46pm On May 15, 2021 |
ecomalchemist: People live in the ghetto and many of them are minimum wagers, so what do they eat.? You know people survive on 300 naira in lagos but you are here projecting false narratives |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by Chachamiliano: 4:54pm On May 15, 2021 |
Misterone: I remembered in 2015, a carton of 3crown milk of 48pieces was sold for 4,100naira. My salary was around 85k monthly. 6 years later a slate of 3crown of 24pieces is sold at 4,300naira this is about 105% increase. And my salary Your guess is as good as mine. Raw material cost still remains the same. Only that the naira is too weak to compete. If you compare an average american standard of living to that of Nigerian, it is equivalent with what is obtainable at places like Ikeja and Island. So lets not compare. And if I am not mistaking, we have more naturally resources than most of these countries. We have less natural desasters than all these countries. Lets not even talk about cost of living cos over here in Nigeria, we are not living, we are surviving 1 Like |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by babyfaceafrica: 5:01pm On May 15, 2021 |
ecomalchemist:how is eating iya basirat not healthy? So chicken Republic and Mr biggs is healthy abi? The amount you buy a food with doesn't guarantee how healthy it is please |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by Misterone: 5:10pm On May 15, 2021 |
Chachamiliano:Opinion is like an asshole. Everybody has one. To me, I would rather stay in Nigeria earning 250-300k a month than become a Slave abroad for $2,000 a month. |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by IMASTEX: 5:42pm On May 15, 2021 |
travelwaka:This your response analysis should close the debate. I used CFA in 2008 and #1,000 gave me about 3,400 CFA. You need to see the attention given to us each time we engage in shoppings and even within our neighborhood. We always say keep the change especially when coins are added as change, funny enough you will see 500cfa as coin |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by IBvoss(m): 5:51pm On May 15, 2021 |
Such a simple topic got blown out of proportion...nawa o! The exchange rate doesn't reflect a country's economy or cost of living, it simply compares the power of currencies in an international sense. Comparing them directly is wrong. You can't say 10$=4800N and because what you get in Nigeria with 4800N is much more than what you can get in the USA with 10$, the Naira is better. Honestly, that just dumb... While the 4800 is okay enough to manage in Nigeria, if you were to leave the shores of the country to another land like USA, you have to exchange the naira with their local currency to be able to buy anything there and with an exchange rate of 1$=480N, your 4800N is converted to 10$ which is nearly useless in USA. On the other hand, if you were to come from USA to Nigeria, 10$ that can't buy you anything in USA, can feed you well for nearly a week in Nigeria.. This is basic economics really. For an equal amount of labour done and time consumed, an American man earns 3000$ and a Nigerian man earns 70,000N. In their respective countries, that money will be able to provide them the same average standard of living. But if they decide to travel to each other countries, when they exchange their currencies, The 70,000N becomes roughly 146$, while the American man's 3000$ becomes 1.4 million naira. See where the critical issue of poor exchange rate lies? The American man who lived averagely in USA becomes a rich man in Nigeria with his 3000$(1.4 million naira), While the Nigeria man who lived averagely in Nigeria, becomes relatively poorer in USA with his 146$(70,000 naira)... 6 Likes |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by Chachamiliano: 6:55pm On May 15, 2021 |
Misterone: Is the first comment actually necessary |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by Misterone: 7:01pm On May 15, 2021 |
Chachamiliano:yes. it is an adage. everyone has an asshole. likewise everyone has an opinion. so we should respect each others opinion because it is our right. |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by Chachamiliano: 7:14pm On May 15, 2021 |
Misterone: Ok sir |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by Cromagnon: 8:20pm On May 15, 2021 |
thebosstrevor1:that's not even what I'm saying Nigerian produces 63 yams and wants to compare with American than produces 2000 yams |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by macrodata(m): 12:19pm On May 16, 2021 |
igbosoupkitchen:This assertion is wrong. Remember, all countries do not earn an equivalent amount in either currencies. Before you make this analysis, you should consider the local equivalent based on the earnings to see if it's cheaper or more expensive. |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by Sammyblaq(m): 12:22pm On May 16, 2021 |
babyfaceafrica:You don't get it. It is dependent on phone. Can you get a nice time piece with that? I wear ABA bro. |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by Aksnoopy: 3:39pm On May 16, 2021 |
That Trevor BMC guy, that Poco lady and some other morons trying so hard to defend the naira are obviously ill educated pikes. SMH for their generations,coz they are obvious chronically stupid! |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by zamanii: 8:20pm On May 16, 2021 |
pocohantas: Aunty rest!! Speaking gibberish, yet you've not made any point. Someone stated here that 1,000 naira got them 3500 Cefas in 2011. The same 1k naira can only get them a little above 1000 Cefas today. You are here forming economist whilst knowing nothing |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by pocohantas(f): 8:24pm On May 16, 2021 |
zamanii: Oya carry your bag and go there na. Some of you will just stay in somewhere and be shit-talking Nigeria. Carry your bag and enter other African countries, your body go tell you. Since na exchange rate you wan chop. Olodo them |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by zamanii: 8:43pm On May 16, 2021 |
pocohantas: Unfortunately pocohantas I cannot help you. Of your interpretation of this whole thread is that we are criti criticizing Nigeria, I weep for you. It is common sense that when you criticize the things government do wrong in a sane society, it only spurs them to right the wrongs. Apparently common sense eludes you and I'm not sure I can help you. |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by pocohantas(f): 8:44pm On May 16, 2021 |
zamanii: Unnecessary shalaye. zamanii: Expecting an objective response to a nonobjective diatribe is the height of stupidity and delusion. |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by zamanii: 8:54pm On May 16, 2021 |
pocohantas: Like your kind, you have no objective response to what I said, so you must resort to mud fight. Run along now pocohantas |
Re: Comparing The Nigerian Naira And The Benin Republic Cefa by samuelgodson(m): 1:01am On Apr 30, 2022 |
Abeg shey anyone has an idea of d current rate.......asin from cefas to naira......thanks |
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