₦airaland Forum

Inukwa ajuju, bikonu!

This question shouldn't be asked at all

10years gap, that's even much!
What do people want seff

I tire for this ur ajuju

hybridblood07:
Na ritualist go fit buy am

Lol
Just as we are talking Cubana chief priest gave Obi Cubana 46 cows for his mum burial

#People chopping money

Marvieduke:
Something they should have done a long time ago.

You don't even know, when this one they Just said is going to take effect.

Nigeria our country

Lionessza6:
LMFAO, it's really weird and creepy

Honestly, it's SMH

BigCabal:
The Naira (₦) is the official currency of Nigeria, but did you know that Nigerians didn’t start using Naira until 13 years after independence

In this article, we’ll tell you five things you probably didn’t know, but need to know about the history of money in Nigeria.

1. Nigerians haven’t always had money.

Before the colonial era, Nigerians traded differently. Value was exchanged through systems like trade by barter where people exchanged goods and services for other goods and services. If you wanted a slave, for example, you had to have something valuable like ivory or cotton to give in exchange. People also traded things like fish, gin, beads, tobacco and salt for whatever they wanted.

As time went on, the concept of currencies became more stable, as people relied mainly on cowries, beads and manilla currency.

2. The British introduced the first currency in Nigeria.

During Britain’s colonisation of Nigeria, the concept of money was introduced. Nigerians used Pounds, Pence and Shillings.

Fun fact: Nigeria used Pound Sterling until 1973

Even though the Central Bank of Nigeria was established in 1958, Nigeria continued to use the Pound Sterling for 13 years after she gained independence. Nigeria was the last country to abandon this system among the British colonised Countries. In 1973, Nigeria started using the Naira.

3. The Naira was introduced in 1973.

On January 1, 1973, Nigeria started using its own currency. It was named naira by Chief Obafemi Awolowo. This was the real beginning of the history of money in Nigeria. Naira and kobo was rolled into the Nigerian economy with bank noted and coins. The central bank of Nigeria is in charge of distributing the Naira. It controls how much money flows into the economy. The official currency code for Naira is NGN.

In 1973, we had ½, 1, 5, 10 and 25 kobo coins, and 50kobo ₦1, ₦5 and ₦10 banknotes. The ½ and 1 kobo coins were made with bronze and the higher denominations in cupro-nickel. ₦1 is 100 kobo

In 1977, the ₦20 was introduced.

Fun fact: Till today, the ₦20 is called “Muri” in some parts of Nigeria because it has a picture of Late General Murtala Muhammed

In 1989, the 5 kobo and 10 kobo coins removed from circulation, and in 1991, the ₦50 note was introduced. In 1991, the 50 kobo and ₦1 notes were changed to coins.

Fun fact: The ₦50 carries an illustration of people from different parts of the country to promote unity. That’s why it’s called “Waso”, which is a short form for “Wazobia”.

Wa-zo-bia is made up of three words, each of which means ‘come’ in Yoruba (wa), Hausa (zo) and Igbo (bia), Nigeria’s three largest linguistics groups

In 1999, the ₦100 note was introduced, in 2000. ₦200 was introduced. ₦500 was introduced in 2001 and ₦1000 in 2005.

₦1000 is the largest Nigerian denomination in circulation.

4. Who are the people on the Naira notes?

The ₦5 has former Prime Minister Abubakar Tafawa Balewa, ₦10 has educationist, activist and politician, Alvan Ikoku, General Muritala Mohammed is on ₦20, and ₦50 carries an illustration of Nigerians from varying tribes.

₦100 has Obafemi Awolowo, ₦200 has a picture of Sir Ahmadu Bello, ₦500 carries the first president of Nigeria, Nnamdi Azikiwe and ₦1000 has former CBN governors, Alhaji Aliyu Mai-Bornu and Clement Nyong Isong.

5. The naira wasn’t always this bad.

Today, the naira exchanges at $1 to 413 NGN. It hasn’t always been like that. Over the years, the naira has depleted in value because of economic problems in Nigeria, and inflation.

In fact, we interviewed someone who left Nigeria in 1979 with ₦700, and got it changed to $1000 when he got to the US. His flight to the US cost 280 NGN.

How did we get here?

Source: https://www.zikoko.com/money/5-things-to-know-about-the-history-of-money-in-nigeria/

Nice one
And let me still repeat the question, you asked

HOW DID WE GET HERE?

Aiit

See curves
The bae fine

Thank God, she has repented

Honestly, u are mean. You just bisected them.

Onliie:
I keep telling people,we are expecting too much from a Fulani If we expect him to be sensible.

Inukwa!



I really want to see the picture of whom they are dragging.

Let still call it accident

hisgrace090:
Black will remain black!

I disagree with this o
Looting has nothing to do with race or colour of skin

The 2 fools might still defend it.
Claiming they got it back from the looters

She indeed served her country

hybridblood07:
E be like say you wan hear wetin go make you faint. No go price cow for this period oh

But na still human beings go buy am

mbahdi:
May all d surporters of dis evil occultic government never excape God and devil's judgement.and may there never excape dis judgement below on earth

May God help us in this country

Lionessza6:
I'll leave this here

Honestly, looting has nothing to do with race or color
I have told people that, several times

Thanks for updating this pic

Lionessza6:
Those coffins cost about R50 000, so they will make money when they sell them .

I got it now.

But I don't think I could loot coffin o, if eventually, I was among with people looting.

Struggling to get Visa to enter Nigeria, why tons of people are taking off to another country, everyday

Sirconnect:
I have more than 10years experience in electrical works but without any certification because i learnt the trade from a local shop whats is the possibility of me getting and electrician job in the uae ?

Just try and get a certificate

southniyikaye:
try welding, concentrate on tig and mig welding. It's highly sought after in Canada till yesterday, about 1500 employer still want them in Canada with 25-40$ pay per hour, 40 hours a week.
But if you want to learn under 6 months, you must buy welding material like, tong, electrodes, then welding machine the practice at home after workshop sessions.
You go spend money Sha on materials.

Me, I have all it requires, na funding dey delay me or better still, learn from CITY AND GUILDS, their certificate is recognized all over the world, it is a UK school that deals on practical

Good evening Bro
Pls, how can reach you?
I want to know more about this welding of a thing

miky:
Looting is a black people disease! Anywhere you go in the world

We produce nothing and so have no value for things

White and black loots

Looting coffin is just another thing

I don't really understand

jamesversion:
He is chilling inside his stolen coffin... For now.

I can't stop laughing on this ur talk

NewBea:
Google will probably answer that faster than anyone would.

Yeah, you are right

Shakitibob0:
ok bro...check my signature for contact number

Thanks Bro
Chatting u up ASAP

Shakitibob0:
Dubai ke?....Guy, Enter Korea with a student Visa

Bros, how can I reach you, to get more info about this korea
This is my whatsapp number 08033482134

Thanks in anticipation

NONNYG:
For Kuwait? This is pure extortion.

Remember it's not always about the monetary value but how much salary you earn & cost of living.

I doubt if a menial worker in Kuwait can earn up to 200 dinar

The 200 dinar is how much in Naira

That was why I said or used that word Palava

hkidola00:
the accreditation and inspection isn't a big deal but the problem usually is the busy area stuff..getting a busy area is the utmost priority

Placid177:
Working visa

It's a nice one
I pray it comes out soon