NewStats: 3,261,660 , 8,174,680 topics. Date: Friday, 30 May 2025 at 01:02 AM 4u6334

But why can't Obi advise the present government on how to make our currency stronger?

South Sudan left Sudan and people were using them as example of how Biafra will fail if they leave Nigeria.

Look at South Sudan today, fastest growing economy by far!

Most of the thriving businessmen based in Ghana converted the Cedi to Nigerian Naira during the last " Detty December" and guess what ? They shut down most clubs around the VI/Lekki Axis.

We understand the elementary economics of "Real Value" and Nominal Value of a currency, however, the Naira is seriously undervalued.

It's an affront on a country with FX reserves in excess of $30B and an intimidating large youth population termed to be one of the most underutilized globally to have a exchange rate of $1-N1600

FreeStuffsNG:

Lol at Cedi forming strong. Smh.

Cedi was redenominated in 2007 by knocking off 4 zeroes and since then has lost more than 10 times in value such that 1 new cedi is today equivalent of almost 1 million old cedis.

From 2007 till date, Naira had nearly depreciated by 15 times yet the Ghanaian cedi had depreciated by more than x100,000!

So only ignorant folks will not see the folly of including the Ghanaian cedi on the list. Naira is far worth more! A million cedis in 2007 is now worth about $1 in Ghana whereas a million naira in 2007 is worth about between $600-700 today.

The Ghanaian cedi should not even be on the list in practical .

kings59:
A guy at a bank was telling me that Nigeria is rich that see naira everywhere.

I asked him one question:

Outside Nigeria, where can you spend naira?

He went mute.

Your naira is only internal.

You have not said anything!

Apart from the US$ and perhaps the British pounds or Euro every other currency is only useful in its country of origin!

but seriously,if you have brain, why are nigerians rushing to ghana for better life

FreeStuffsNG:

Lol at Cedi forming strong. Smh.

Cedi was redenominated in 2007 by knocking off 4 zeroes and since then has lost more than 10 times in value such that 1 new cedi is today equivalent of almost 1 million old cedis.

From 2007 till date, Naira had nearly depreciated by 15 times yet the Ghanaian cedi had depreciated by more than x100,000!

So only ignorant folks will not see the folly of including the Ghanaian cedi on the list. Naira is far worth more! A million cedis in 2007 is now worth about $1 in Ghana whereas a million naira in 2007 is worth about between $600-700 today.

The Ghanaian cedi should not even be on the list in practical .

No such thing as strong currency. Illiterates.

ribbit:
Currency strength is not about exchange rate to the dollar.


An illiterate from vanguard wrote this list.

Currency power is about purchasing power.

If Nigeria redenomiate it's currency like Ghana did and we removed 00 from 1k.
1usd = 1.50usd

Does that change the purchasing power?

Olodo, if you remove 00, it would give you N16 and not N1.5. APC has destroyed this country una no wan gree.

hkidola00:
but seriously,if you have brain, why are nigerians rushing to ghana for better life

Which Ghana

VeeVeeMyLuv:

Is Nigeria still a giant of Africa?

Note: I am not asking whether it is the giant

Was it ever the giant 😂

Nigeria likes to hype itself, so does Nigerians too

hkidola00:
but seriously, if you have brain, why are nigerians rushing to ghana for better life

If you have brain, you will know that smart Ghanaians will rather hold their assets in naira. I will not glorify your touted pecuniary migration to Ghana for serious crimes, internet fraud and money laundering to evade EFCC and NDLEA jail.

hkidola00:

Lanruze:

It's sheer waste of time educating you. This kind of stuff is above what your education and network can comprehend
Just stay on your beer parlor gossip level.

Nigerians are very stupid to allow them selves to be this devalued.

Imagine small Tunisia with nothing.

Even small Jamaica island currency is bigger than ours.

We are very foolish to all WTC regulate our value and devalue us like this.

Bleep all you religious and tribal fools.

ribbit:
Currency strength is not about exchange rate to the dollar.


An illiterate from vanguard wrote this list.

Currency power is about purchasing power.

If Nigeria redenomiate it's currency like Ghana did and we removed 00 from 1k.
1usd = 1.50usd

Does that change the purchasing power?

stop saying what you don’t know. Clowns

So, our so-called Naira is not in the top African list? This is very shameful.

Buhari and Tinubu killed our currency.

Racoon:
Meanwhile, the value of the currency here have been greatly devalued that a dollar is now 1600 to the naira. No thanks to the economic cluelessness and incompetency of some idiots that were unfortunate to grace the national life of a country.

Mr man hard currency does not mean best economy ok.

Go to that your Ghana and price a bottle of Coke then do the exchange to Naira and compare the price to dame Coke bittle in Nigeria your eyes go clear.

Japan currency not that strong against Dollar and Pound are you saying their economy is poor? Same South Korea bro.

then why are nigerians running there and not ghana flying here

Owon:
Shame on Nigeria

Even War-torn Libya still has a very good economy


GHANA ON THE LIST


1 GHANA CEDIS = 10,000 REAL CEDIS


GHANA HAS ONE OF THE WORST CURRENCY IN THE ENTIRE WORLD.

STEWpid:
C h a i..

It has very little to do with looting but the mismanagement of the economy by hands who can barely manage their families









The impact of the long years of monumental looting and mismanagement,,
Now, Naira to USD is N1,600 to 1$


Nigeria matter no dey worry me again,
Abeg make I chop my goat meat peppersoup in peace,,

Racoon:
https://www.vanguardngr.com/2025/04/top-10-strongest-currencies-in-africa-2/

Top 10 Strongest Currencies in the World in 2024

https://www.vanguardngr.com/2024/07/top-10-strongest-currencies-in-the-world-in-2024/

Agbado government always releasing positive statistics for his agbadorians.

see this which stupid smart ghanaian will keep assets in naira..this guy is a phocking joker..damn

FreeStuffsNG:

If you have brain, you will know that smart Ghanaians will rather hold their assets in naira. I will not glorify your touted pecuniary migration to Ghana for serious crimes, internet fraud and money laundering to evade EFCC and NDLEA jail.

We miss the days dollar to naira was less than 270.

even your top nigerian celebrity avoid nigeria to have vacation in ghana....dey deceive urself

Guestmale:


Which Ghana

what massive export stuff that cant be mentioned

nairalanda1:


Seychelles has a small population and a massive export of some stuff the world needs

Stop it ! I say stop it!

I am trying to be respectful on this public forum or else I would have called you an a**h**e.

An average Ghanian from a Anglophone country would hedge in CFA instead of the Naira. What's the futuristic attraction on the Naira please and why is a Ghanian going to crave Nigerian currency more ?

Ghana has enjoyed more economic benefits and especially new tourists in the last 4 years and just cedeed the position to Nigeria as a result of [b]detty december.

FreeStuffsNG:

If you have brain, you will know that smart Ghanaians will rather hold their assets in naira. I will not glorify your touted pecuniary migration to Ghana for serious crimes, internet fraud and money laundering to evade EFCC and NDLEA jail.

Nice update on how to navigate com

Where is Naira on the list, propaganda does not solve any problems the earlier the clowns in power realises that the better for everyone.

The Ghanaian currency is devalued...it shouldn't be on that list, please.

ribbit:
Currency strength is not about exchange rate to the dollar.


An illiterate from vanguard wrote this list.

Currency power is about purchasing power.

If Nigeria redenomiate it's currency like Ghana did and we removed 00 from 1k.
1usd = 1.50usd

Does that change the purchasing power?

Thank you.
The rabies infected Racoon is a semi educated sore.loser searching for news to console himself.

kings59:
A guy at a bank was telling me that Nigeria is rich that see naira everywhere.

I asked him one question:

Outside Nigeria, where can you spend naira?

He went mute.

Your naira is only internal.

Where else do you want it to be spent of now in Nigeria?

Naira is a local currency just like other country's currencies.

It's only internationally accepted currencies that you can see bn used in international trade and transactions like, USD, EUR, JPY, GBP, CHF, CAD, AUS.
USD bn mostly acceptable.

Like the banker you asked the question studied Education Religion in school.

hkidola00:
if you dont wory about the state of the nation, very soon, you fit no see that peppersoup eat again

C h a i..




That would mean the end of the world o.

ElevationD:
That’s alright.

- Decisively deal with insecurity.
- Make agriculture your priority.
- Stop the reckless looting and stealing of public resources.
- Deal with all forms of corrupt practices.
- Get the industries to work.
- Get the exports going.
- Protect all rare earth’s minerals and make generate huge revenues through them.
- Increase oil exploration and production.
- Block all avenues of stealing oil

Stop this reckless devaluation, borrowing, etc.
President to end frequent medical tourism to . The French President does not come to Nigeria for medical tourism of “state visit”. He should fix the healthcare system in this country.

Naira will begin to pick up.

Instead of “renewed hope agenda”, let’s have “Make Nigeria Great For The First Time ( MNGFTFT)”, just like Trump’s MAGA agenda.

All those things you listed will only work when CBN stopped printing trillions of nairas

Nigerians are attacking and belittling Ghana to feel good emotionally

You are utterly stupid.....

Very stupid for that matter

Who are you benchmarking you Goat ?

I am sure I had a PhD before you finished Primary school.

Educate me ? Thunder cover your mouth Goat.

What's there to educate when it's in plain sight, Ghana' s currency and it's "Nominal"and "Real Value" vs the Nigerian Naira value ? Or is the sub-topic more than that ?

Igbo traders who do inter-country trade between Ghana, Benin Republic and Togo especially in apparels and second hand clothes & designer shoes have commenced backward intergration to Aba Shoe market and clothes market.

Ask people who know Vespa market and Fibre Market what's up.

Oponu oshi.

Bring it on !

FreeStuffsNG:

If you have brain, you will know that smart Ghanaians will rather hold their assets in naira. I will not glorify your touted pecuniary migration to Ghana for serious crimes, internet fraud and money laundering to evade EFCC and NDLEA jail.






It's sheer waste of time educating you. This kind of stuff is above what your education and network can comprehend
Just stay on your beer parlor gossip level.