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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 david102(m): 10:32pm On Aug 26, 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

Yet, somebody wants a growing economy under this administration. we are just playing and I think it’s time to say Goodbye if we must tell ourselves the truth.

Can this country still be Giant of Africa?....Gudnyt

3 Likes

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by david102(m): 10:35pm On Aug 26, 2020
Am pained seeing this��

2 Likes

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by MASTAkiLLAh(m): 10:44pm On Aug 26, 2020
Na wa, Buhari has done his worst cry
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by daddytime(m): 10:47pm On Aug 26, 2020
$1=#1

E get where the poor go hungry reach, na to begin feed on the rich go be the only solution to survive.

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by jamex93(m): 10:48pm On Aug 26, 2020
grin

Weak president
Weak country
Weak currency

grin

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Orestino(m): 10:49pm On Aug 26, 2020
na lie
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Pierohandsome: 10:51pm On Aug 26, 2020
Stop writing rubbish, the depreciation did it start under PMB? How does Putin being a lawyer have anything to do with Economics? Is there any President working without technocrats in his cabinet, is it the President that decides how the economy will look like, doesnt he have ministers in that area.

Nigeria's currency will continue to depreciate as long as we aren't industrialized but commercialised ,it doesn't matter who the president is, if you like bring Merkel, or Obama, nothing will change

1 Like 1 Share

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Vyzz: 10:57pm On Aug 26, 2020
How are the mighty fallen
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Aladdin1(m): 11:12pm On Aug 26, 2020
Just imagine!!. Buhari has brought calamity to Ngeria. May God help us.
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Wilstino: 11:54pm On Aug 26, 2020
Pierohandsome:
Stop writing rubbish, the depreciation did it start under PMB? How does Putin being a lawyer have anything to do with Economics? Is there any President working without technocrats in his cabinet, is it the President that decides how the economy will look like, doesnt he have ministers in that area.

Nigeria's currency will continue to depreciate as long as we aren't industrialized but commercialised ,it doesn't matter who the president is, if you like bring Merkel, or Obama, nothing will change

Oh please dont try to absolve this administration. What was naira rate before he took over??
What was his campaign promise on the exchange rate to Nigerians??

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by EqUalJustice: 11:57pm On Aug 26, 2020
This is false.

1 naira = 1.53 kwanza.

This list is not correct. Please don't share false information.

david102:
*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

Yet, somebody wants a growing economy under this administration. we are just playing and I think it’s time to say Goodbye if we must tell ourselves the truth.

Can this country still be Giant of Africa?....Gudnyt
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by GamalNasser: 11:57pm On Aug 26, 2020
We warned y'all about Buhari

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by TarOrfeeek: 11:59pm On Aug 26, 2020
The only thing Naira is good for now - is paying offering and NEPA bill.


Asides that, it is as useless as the Degree NDA gave to sinzu money.

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by kettykin: 12:07am On Aug 27, 2020
Next Level
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by kenzysmith: 12:10am On Aug 27, 2020
as a yahoo boy good for all us fellow yahoo boys let dance here

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by PROUDIGBO(m): 12:39am On Aug 27, 2020
MASTAkiLLAh:
Na wa, Buhari has done his worst cry

Hehehehe grin grin grin

You ain’t seen nothing yet bros! Better buckle up oh, as the real changee is yet to start! wink
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by PROUDIGBO(m): 12:41am On Aug 27, 2020
GamalNasser:
We warned y'all about Buhari

The mumus wanted changee! Talk about going from frying pan straight into the fire! shocked

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by BeLookingIDIOT(m): 12:51am On Aug 27, 2020
Wilstino:


Oh please dont try to absolve this administration. What was naira rate before he took over??
What was his campaign promise on the exchange rate to Nigerians??
Stop your lazy thinking. The depreciation began even before Buhari.
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by KnowAll(m): 1:08am On Aug 27, 2020
It can be a blessing. By depreciating Nigeria could be cheapest to live in Africa and the world as a whole.
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by eagleu: 1:32am On Aug 27, 2020
Pierohandsome:
Stop writing rubbish, the depreciation did it start under PMB? How does Putin being a lawyer have anything to do with Economics? Is there any President working without technocrats in his cabinet, is it the President that decides how the economy will look like, doesnt he have ministers in that area.

Nigeria's currency will continue to depreciate as long as we aren't industrialized but commercialised ,it doesn't matter who the president is, if you like bring Merkel, or Obama, nothing will change

I hope that you are just kidding, otherwise go look in the mirror for a stupid person

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by eagleu: 1:34am On Aug 27, 2020
BeLookingIDIOT:

Stop your lazy thinking. The depreciation began even before Buhari.

He promised to make it right, and now it's worse, and paid agents like you are here trying to defend the indefensible.

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by BeLookingIDIOT(m): 2:17am On Aug 27, 2020
eagleu:


He promised to make it right, and now it's worse, and paid agents like you are here trying to defend the indefensible.
Lol
I see...you were one of those who believed ₦1 could be made equivalent to $1
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Yankee101: 2:44am On Aug 27, 2020
This is not fair sha

Savings just dey disappear
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by leofab(f): 2:59am On Aug 27, 2020
Giant of Africa
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by godswilld10(m): 10:18am On Aug 27, 2020
even Zambia of yesterday.......na wa o
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by bigiyaro(m): 10:36am On Aug 27, 2020
Pierohandsome:
Stop writing rubbish, the depreciation did it start under PMB? How does Putin being a lawyer have anything to do with Economics? Is there any President working without technocrats in his cabinet, is it the President that decides how the economy will look like, doesnt he have ministers in that area.

Nigeria's currency will continue to depreciate as long as we aren't industrialized but commercialised ,it doesn't matter who the president is, if you like bring Merkel, or Obama, nothing will change
shut your trap dia, its not the president that decide how the economy will look like, na you.
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Wilstino: 11:13am On Aug 27, 2020
BeLookingIDIOT:

Stop your lazy thinking. The depreciation began even before Buhari.

Clearly your dislike for the truth has warped you judgement.

Yes, it began before him like I stated earlier but what did he do to stem it from slipping further? What was his campaign g promise regarding same?
Be objective...

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