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Nairaland Forum / Nairaland / General / Business / Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. (57601 Views)
Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg / See Why The Nigeria Naira Is Rapidly Depreciating Against The Dollar / Matches: I Am Shocked After Seeing This In Nigeria (photo) (2) (3) (4)
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Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 8:06pm On Oct 15, 2017 |
NwaAmaikpe: ![]() ![]() |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by akeensbussy(m): 8:06pm On Oct 15, 2017 |
bad comparison....Is our naira not bigger than the South Korean won. can you compare the standard of leaving? 2 Likes |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 8:08pm On Oct 15, 2017 |
akeensbussy:south korea is not an African country. Read the post Again! this time read properly! ![]() 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by DeepSight(m): 8:09pm On Oct 15, 2017 |
Werehkpe: Redenominated you mean. And that's a cosmetic measure. Anyone can do that and it changes no significant reality. Redenominate 100 Naira to one Naira and your salary of one million will become 10 thousand Naira with exactly the same purchasing power as the one million had. No difference except your national ego 11 Likes 1 Share |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by phreakabit(m): 8:09pm On Oct 15, 2017 |
akeensbussy: True, Nigerians are leaving this smelling country on an hourly basis. However, S.Koreans love their country. 3 Likes |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by chloride6: 8:10pm On Oct 15, 2017 |
@ Zenithpeak While I understand your intentions, you must understand that there is very weak correlation between the price of a currency and standard of living. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by JAWBONE(m): 8:10pm On Oct 15, 2017 |
Freetech:Turkish lira is the most useless currency in the world |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 8:10pm On Oct 15, 2017 |
Dee60: Very Insightful, I find it very hard understanding the whole ForEx thing. Pavore9 how much K.Sh is a big loaf of bread in Kenya? |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by purplekayc(m): 8:10pm On Oct 15, 2017 |
madridguy:tjisty is embarrassing |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Lloydfolarin: 8:12pm On Oct 15, 2017 |
Let me shock you guys Take it or leave it, Nigeria is better than 96% of those countries I have been to 6 to 7 countries on that list and my experience opened my eyes to what we are enjoying as Nigerians which are not available in those countries. Before my first trip out of Nigeria, i thought Nigeria is the worst country in the world until i left Nigeria to study in other countries. I swear with my life, Nigeria is like a paradise to most of those countries I think someone here should be able to testify to what i am saying. I was treated like a King in those countries when i told the local students that i am from Nigeria. I became a patriotic Nigerian when i saw the way these citizens appreciate what i failed to appreciate in my country. Above all, in terms of standard of living, infrastructures etc, Nigeria is on top in Africa. 11 Likes |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by tosyne2much(m): 8:13pm On Oct 15, 2017 |
Dee60:God bless you my brother 2 Likes |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by finco: 8:14pm On Oct 15, 2017 |
Freetech: |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Mrchippychappy(m): 8:15pm On Oct 15, 2017 |
Lloydfolarin: Some of una neva cross seme border yet una go dey make silly comments," take it or leave it", take what? There are Nigerians in Rwanda who can testify that Rwanda is 10 times better than Nigeria, I know people who left Nigeria for Senegal and they don't EVER plan to come back. This Nation is a mess! 3 Likes |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Afam4eva(m): 8:17pm On Oct 15, 2017 |
Jhulyan:I was there for a year and half between 2014 and 2015. 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 8:17pm On Oct 15, 2017 |
Dee60:Absolutely! and to buy a loaf of bread in ghana you will need millions of cedis i gathered. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by MadCow1: 8:20pm On Oct 15, 2017 |
Zenithpeak: As soon as I saw Ghana, I saw bullshit because I know Ghanas currency only appeared to gain on the Naira after they redenominated their currency and using the old exchange rate margin to judge, the Naira has gained on the Cedis. 2 Likes |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Pavore9: 8:20pm On Oct 15, 2017 |
ENDTIMEgist: One Kenyan shilling is equal to N3.50 A 1kg loaf of bread sells for about 100ksh. 2 Likes |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 8:21pm On Oct 15, 2017 |
DaCharis2016: that's is not what he meant. he is saying 300N is 10 K.Sh So can 10K.Sh buy 1 big loaf of bread? 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by wizod(m): 8:21pm On Oct 15, 2017 |
Even Sudan, oh dat is where Jubril bn d acting buhari comes from, his lootes wil develop dia poor country |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Pebcak: 8:21pm On Oct 15, 2017 |
Mckandre: Libya has been good, while Gadaffi was there student studying abroad get their tution paid and they stipend more than the Saudis also they dont pay for public amenities and gas os really cheap, when u get married the governmeny pay you to start up ut family. Libya is on a different level though now tnings might be different but i know most of the policies might still be on place. 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by wristbangle: 8:22pm On Oct 15, 2017 |
Dee60: Smart and intelligent comment @ OP, I would say naira is even fairing better than last year. A Cedi used to be N110 but now N81.96. N110 (1 cedi) can get u a recharge card that would last for 14mins 30sec while in Ghana u would need 10cedi to give u such talking time. Now tell me who have the better purchasing power? If our economy is good, we won't be complaining 7 Likes |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by samsobo24(m): 8:24pm On Oct 15, 2017 |
Some biased Nigerians who are ignorant of economics will jump into conclusion. countries like Ghana just splited their currency rate into smaller dominations. imagine if we have,1#,2#,3# and other denominations 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Kog45(m): 8:27pm On Oct 15, 2017 |
Nawteemaxie:Ghana?Cedis is useless when it comes to value, with 100 naira u get a coke in Nigeria but in Ghana u need to pay 350 naira. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 8:28pm On Oct 15, 2017 |
Dee60:thank God.....somebody has sense. Nigerian youths are twits!! |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 8:29pm On Oct 15, 2017 |
Pavore9: if by 1kg loaf of bread you mean the standard size *I don't have an idea of what 1kg loaf of bread looks like ![]() Perhaps bread might be cheaper here in Nigeria, because those standard size sells from 200N to 300N but 250N in most environs sha. reply needed |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Just30: 8:30pm On Oct 15, 2017 |
Kog45:you just need one cedi to get a coke While a 1kg bread will cost you 2 cedi in Ghana It cost 365N in Nigeria |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by arrestdarrester: 8:31pm On Oct 15, 2017 |
Freetech: All our Harvard economists have favoured these devaluation approach. You may devalue to become the weakest currency in Africa and Nigeria would still get worse. Turkey may be doing better with a worse currency for only one reason: production. When are we as Nigerians going to realise that our approach to solving our economic problems must begin with reducing the cost of production and thus becoming competitive with our manufacturing and manufactured products? Fix only POWER!!! We have been doing the same things that has gotten us no where because of just one bottleneck: ALL POWER GENERATION MUST BE FED INTO THE NATIONAL GRID. Where then is private motivation to generate power? Instead of fixing Power, our economists are still looking at OIL and theorizing with devaluation! Hian!! 5 Likes 1 Share |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Lloydfolarin: 8:32pm On Oct 15, 2017 |
Mrchippychappy: It is nauseating, pathetic and annoying to read this nonsense coming someone who doesn't know anything outside their village. Those Nigerians in Rwanda and Senegal must have been ravaged by poverty Young man, i have lived in a country considered to be greatest country in the world which is USA and i am currently living in another one called United Kingdom. Like i said earlier, i have been to 6 countries out of those listed countries and they are nothing to write home about except Egypt. Egypt is the only country at Nigeria level in terms of standard of living, infrastructures etc Those friends of yours must be going through hell in one village in Nigeria I know what i am talking about 6 Likes |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Zenithpeak(m): 8:34pm On Oct 15, 2017 |
MadCow1: Devaluation or not, Nigeria economy is at its all time low. If you are around in the 80s, would you ever imagine that a tin of peak milk will be sold at #200 and a crate of egg at #900? Let's face reality here bro, thing were not like this during the military era. If care is not taking we will be comparing our currency with Zimbabwe's dollar. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 8:39pm On Oct 15, 2017 |
Zenithpeak:if u're around in the 80s, u'll know that value of $$$ in the 8os is not the same as at now. 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Zenithpeak(m): 8:46pm On Oct 15, 2017 |
shervydman: Naira was even better off usd then. In 1986/87 it was #1= 4.00USD In 2017 it is average of #365 to $1 Do not justify mediocrity and bad governance. 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by MrOlai: 8:47pm On Oct 15, 2017 |
Dee60: Nice submission! |
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