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Nigerian Naira Fast Becoming The Weakest Currency In Africa.... - Politics - Nairaland 4v2k1q

Nigerian Naira Fast Becoming The Weakest Currency In Africa.... (1377 Views)

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Desgidi99(m): 6:04pm On Sep 06, 2020
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 $3000.
...and some think that we have not reached the breakpoint?
Putin (Russia): Lawyer
Trump (America): Economics degree
Merkel (): 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 istration we re just playing is time to say Goodbye if we must tell ourselves the truth this country can't be Giant of Africa if we continue to elect incompetent leadership like we have in the current istration.
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13 Likes 1 Share

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Nobody: 6:08pm On Sep 06, 2020
Giant of Africa my yansh

9 Likes

njoku10(m): 6:17pm On Sep 06, 2020
my dear that is Nigeria for you. na some big full from a particular part of the country put us were we day na

9 Likes

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Nobody: 6:18pm On Sep 06, 2020
This is front page material in fact it should be on front-page for a week.

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Nobody: 6:18pm On Sep 06, 2020
Desgidi99:
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 $3000.
...and some think that we have not reached the breakpoint?
Putin (Russia): Lawyer
Trump (America): Economics degree
Merkel (): 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 istration we re just playing is time to say Goodbye if we must tell ourselves the truth this country can't be Giant of Africa if we continue to elect incompetent leadership like we have in the current istration.
Copied
... Sorry wooooo ! BUHARI is already in Aso Rock !!! Fulfilling his Destiny !!!

And you. ! Make you stay for Nairaland fulfilling your destiny !

grin grin grin

3 Likes 3 Shares

NwaNimo1(m): 6:19pm On Sep 06, 2020
It is well...
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Nobody: 6:20pm On Sep 06, 2020
Supermugu:
... Sorry wooooo ! BUHARI is already in Aso Rock !!! Fulfilling his Destiny !!!

And you. ! Make you stay for Nairaland fulfilling your destiny !

grin grin grin
You be real super mugu

8 Likes

November1857(m): 6:20pm On Sep 06, 2020
What does a Nepa bill holder know about economy !

9 Likes 1 Share

Luckydubby7(m): 6:20pm On Sep 06, 2020
Tell me why some Nigeria wouldn't run to other countries for business.
Doing business in Nigeria is dangerous because you need to import one or two items as raw materials to produce something here in Nigeria.

2 Likes 1 Share

Madibah(m): 6:23pm On Sep 06, 2020
Im not in of buhari and his govt
But this is not the way to go about it na ..
For damn sake there are a lot of currency higher than dollars and pounds also na ..
The money spent in Kuwait and Bahrain is more higher than UAE currency na..

Dollars is not even among the top ten currency in the world but that doesn't take anything away from USA..
Even dinar is not up to 100naira seff
A whole UAE (Dubai) currency
Desgidi99(m): 6:25pm On Sep 06, 2020
Madibah:
Im not in of buhari and his govt
But this is not the way to go about it na ..
For damn sake there are a lot of currency higher than dollars and pounds also na ..
The money spent on Qatar is more higher than UAE currency na


Our currency was far better than this before na....Buhari has taken us backwards I swear!

2 Likes

PHIPEX(m): 6:26pm On Sep 06, 2020
Most multinationals in Nigeria are groaning because they have to double all profit to appear profitable to their parent companies because of a weakened Naira. Once their profits are converted to major currencies like dollar it automatically become useless, hence most of them might still exit Nigeria except they make ridiculous profit. That's probably why multichoice is increasing DSTV rate every now and then.

Yet these politicians will continue to buy foreign cars, medical and travels thereby weakening the currency more and you and I will pay the price.

7 Likes

Desgidi99(m): 6:26pm On Sep 06, 2020
November1857:
What does a Nepa bill holder know about economy !


Lia Mohammed de hear o
Madibah(m): 6:27pm On Sep 06, 2020
Desgidi99:



Our currency was far better than this before na....Buhari has taken us backwards I swear!

Back back

1 Like

Madibah(m): 6:27pm On Sep 06, 2020
November1857:
What does a Nepa bill holder know about economy !

Mad o grin
Esetim(f): 6:28pm On Sep 06, 2020
This is really sad. Everything keeps going downhill and the politicians are more concerned with what they can allot to themselves. Its really sad.
Desgidi99(m): 6:30pm On Sep 06, 2020
November1857:
What does a Nepa bill holder know about economy !


Lia Mohammed de here o
freeborn02: 6:35pm On Sep 06, 2020
Supermugu:
... Sorry wooooo ! BUHARI is already in Aso Rock !!! Fulfilling his Destiny !!!

And you. ! Make you stay for Nairaland fulfilling your destiny !

grin grin grin

Lolz. Buhari is Fulfilling his Destiny of ruining your destiny and those of your children after you.

What a wonderful Destiny Buhari has.

1 Like

Johnnyessence(m): 6:36pm On Sep 06, 2020
buhari government keep on destroying Nigeria economy by the day.

1 Like

Desgidi99(m): 6:38pm On Sep 06, 2020
freeborn02:


Lolz. Buhari is Fulfilling his Destiny of ruining your destiny and those of your children after you.

What a wonderful Destiny Buhari has.



Are u excluding urself?
freeborn02: 6:39pm On Sep 06, 2020
Desgidi99:




Are u excluding urself?


Yes o. My economy is not determined by buhari's poor management of Nigeria's economy

2 Likes

Desgidi99(m): 6:42pm On Sep 06, 2020
freeborn02:



Yes o. My economy is not determined by buhari's poor management of Nigeria's economy


Do u still believe buhari is aware of this current development....He might be mute to the current development of Nigeria as a whole

1 Like

EzzyCarter: 6:52pm On Sep 06, 2020
Madibah:
Im not in of buhari and his govt
But this is not the way to go about it na ..
For damn sake there are a lot of currency higher than dollars and pounds also na ..
The money spent in Kuwait and Bahrain is more higher than UAE currency na..

Dollars is not even among the top ten currency in the world but that doesn't take anything away from USA..
Even dinar is not up to 100naira seff
A whole UAE (Dubai) currency




Sis, did you check that list? Even Sudan has a better currency. What are you saying? sad

1 Like

psucc(m): 6:54pm On Sep 06, 2020
You will still see some people defending this government.

But they are more poorer than average Nigerians with N30k/month that do not come regularly.
Afolabimills(m): 7:02pm On Sep 06, 2020
God punish bullhari n it's useless ers
freeborn02: 7:08pm On Sep 06, 2020
Desgidi99:



Do u still believe buhari is aware of this current development....He might be mute to the current development of Nigeria as a whole

Nothing will surprise me anymore

1 Like

Bobcygan: 7:43pm On Sep 06, 2020
In as much as I agree with you that naira is fast becoming the weakest currency in Africa saying
1Rand=79naira is pure bullshit. You may need go recheck again.

1 Like

illicit(m): 9:11pm On Sep 06, 2020
Giant of Nonsense
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Nobody: 9:29pm On Sep 06, 2020
Buhari is the worst thing to happen to Nigeria
StillX10(m): 9:32pm On Sep 06, 2020
All thanks to dullard
genii96(m): 9:45pm On Sep 06, 2020
a country whose major trade is exportation will actually have a weaker currency in order to promote doing business with foreign countries.
StillX10(m): 9:52pm On Sep 06, 2020
Bobcygan:
In as much as I agree with you that naira is fast becoming the weakest currency in Africa saying
1Rand=79naira is pure bullshit. You may need go recheck again.
Why don't you tell us, must one research first? You sound like you know so just tell us

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