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

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Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Okobola146: 6:41am On Jul 04, 2022
South Africa: Rand 1= ₦79

Angola: 1Kwanza = ₦12

Botswana: 1Pula = ₦28

Cape Verde: 1Escudo = ₦8

Algeria: 1Dinar = ₦12

Egypt: 1Pound = ₦35

Eritrea: 1Nakata = ₦18

Ethiopia: 1Birr = ₦19

Ghana: 1Cedi = ₦56

Gambia 1 Dalasi = ₦9

Kenya: 1Shilling = ₦6

Liberia: 1Dinar = ₦8

Lesotho: 1Loti = ₦19

Libya: 1Dinar = ₦156

Morocco: 1Dirham = ₦176

Madagascar: 1Ariary = ₦14

Mauritius: 1Rupee = ₦16

Malawi: 1Kwacha = ₦21

Mozambique: 1Metical = ₦24

Namibia: 1Dollar = ₦32

Seychelles: 1Rupee = ₦22

Sudan: 1Pound = ₦42

Swaziland: 1Lilangeri = ₦19

Tunisia: 1Dinar = ₦150

Zambia: 1Kwacha = ₦28

Even the worst economies of Africa now have more valuable Exchange rate than us.
As at today $1 = ₦480?
€1 = ₦560?
£1 = ₦660?

₦1,000,000.00 is less than $2,100.00.....and some think that we have not reached the breakpoint??

Putin (Russia): Lawyer

Biden (America): Lawyer

Merkel (Germany): PhD Physical Chemistry

Xi Jinping (China): Chemical Engineer and Doctor of Law

Ghanian President: Doctorate holder

Buhari (Nigeria): WAEC not found

Today Nigerians are arguing about another man who doesn't have FSLC, WAEC or any educational qualifications but wants to lead the whole country as president. Maybe the devil that was cast out of heaven fell directly into Nigeria.

14 Likes 2 Shares

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by God1000(m): 6:41am On Jul 04, 2022
This is really worrisome, Naira has lost its value completely and become worthless due to bad monetary policy of this government

3 Likes

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by jabberjawz: 6:43am On Jul 04, 2022
Buhari really destroyed Nigeria...& his useless supporters don't see anything wrong in what the useless man has done to the country..... angry


His children no dey smart anyhow 4 Twitter like that first time in 2015...(Zainab especially)....she just hide herself, shame no dey let her run mouth 4 Twitter anyhow, cos she know say her papa na real Dundee United....... Nigerians set teeth dey wait to respond to any useless tweet from her & the entire Buhari family....

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Sparrk007(m): 6:43am On Jul 04, 2022
Last last 9ja don cast
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Jay5mie: 6:43am On Jul 04, 2022
undecided
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Moh247: 6:45am On Jul 04, 2022
cool



Don't be decieved by exchange rate of countries like Ghana maintain their currency value by pumping their scarce resources to defend the currency to support their life of foriegn goods


A devalued RMB and Japanese Yen are more valuable than some fancy currency backed by petrol dollars

If CBN start pumping out our foriegn reserves to every Tom Dick and Harry that wants to import foreign goods then Nigerians would suffer in future for such stupidity spending on consumption


200 million human being with hands , legs and brain who all directly or indirectly depends on 2.5m barrels of crude oil belonging to few comiunity in the Niger Delta, would useless blame others for their uselessness to earn forex, and the little they get from Niger Delta resources they still complain


Rice they can't grow but can eat it if imported with petrol dollars

Innosun , Peauguet Nigeria, and Kia Nigeria are not the car they like they want Tokunbo from US, Canada and Begium using Niger Delta petrol dollar



.

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Praxis758: 6:47am On Jul 04, 2022
Why are Nigerians baffled or surprised that the naira is loosing its values among committees of currencies when your president never attended any class of basic economics in secondary school.

A president that cannot define basic terms like: ‘demand, supply, international trade, want, scale of preference or needs.

3 Likes

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Bontafa: 6:49am On Jul 04, 2022
See them

2 Shares

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by sholatech(m): 6:51am On Jul 04, 2022
Okobola146:
South Africa: Rand 1= ₦79

Angola: 1Kwanza = ₦12

Botswana: 1Pula = ₦28

Cape Verde: 1Escudo = ₦8

Algeria: 1Dinar = ₦12

Egypt: 1Pound = ₦35

Eritrea: 1Nakata = ₦18

Ethiopia: 1Birr = ₦19

Ghana: 1Cedi = ₦56

Gambia 1 Dalasi = ₦9

Kenya: 1Shilling = ₦6

Liberia: 1Dinar = ₦8

Lesotho: 1Loti = ₦19

Libya: 1Dinar = ₦156

Morocco: 1Dirham = ₦176

Madagascar: 1Ariary = ₦14

Mauritius: 1Rupee = ₦16

Malawi: 1Kwacha = ₦21

Mozambique: 1Metical = ₦24

Namibia: 1Dollar = ₦32

Seychelles: 1Rupee = ₦22

Sudan: 1Pound = ₦42

Swaziland: 1Lilangeri = ₦19

Tunisia: 1Dinar = ₦150

Zambia: 1Kwacha = ₦28

Even the worst economies of Africa now have more valuable Exchange rate than us.
As at today $1 = ₦480?
€1 = ₦560?
£1 = ₦660?

₦1,000,000.00 is less than $2,100.00.....and some think that we have not reached the breakpoint??

Putin (Russia): Lawyer

Biden (America): Lawyer

Merkel (Germany): PhD Physical Chemistry

Xi Jinping (China): Chemical Engineer and Doctor of Law

Ghanian President: Doctorate holder

Buhari (Nigeria): WAEC not found

Today Nigerians are arguing about another man who doesn't have FSLC, WAEC or any educational qualifications but wants to lead the whole country as president. Maybe the devil that was cast out of heaven fell directly into Nigeria.

You recycled an old article.. check what you wrote as our exchange rate here.

Exchange rates vary daily.

So please send updated one.

Many African currencies are also feeling the hit now
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by mrvitalis(m): 6:53am On Jul 04, 2022
Moh247:
cool



Don't be decieved by exchange rate of countries like Ghana maintain their currency value by pumping their scarce resources to defend the currency to support their life of foriegn goods


A devalued RMB and Japanese Yen are more valuable than some fancy currency backed by petrol dollars

If CBN start pumping out our foriegn reserves to every Tom Dick and Harry that wants to import foreign goods then Nigerians would suffer in future for such stupidity spending on consumption




.
So Nigeria is not defending naira ? True value of naira is closer to 1200

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by babyfaceafrica: 6:54am On Jul 04, 2022
It's isn't that straightforward
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by rolams(m): 7:13am On Jul 04, 2022
Nigeria is weightless in the air!
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by VeryWickedMan: 7:22am On Jul 04, 2022
Tinubu is coming to finish what Buhari started
Nigerians must suffer wotowoto

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by 40fy: 7:24am On Jul 04, 2022



**Hold on brotha!!
**A man is comin' to rebuild the economy!!
**He will make Nigeria Great Again!!
**He will make Nigeria the Giant of Africa Again!!
**A man who moves through life like one who knows he is always being observed!!
**The MAN is ....... !!?


**Nevertheless, fück the government!!!


Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Ghester: 7:24am On Jul 04, 2022
Nigerians would rather be blinded by tribalism and refuse to use common sense on choosing a competent president
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Nobody: 7:25am On Jul 04, 2022
I miss the beloved sanusi lamido sanusi, or lamido sanusi lamido. That man knew what he was doing.

What ever happened to him.
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Madmohamed123: 7:29am On Jul 04, 2022
Okobola146:
South Africa: Rand 1= ₦79

Angola: 1Kwanza = ₦12

Botswana: 1Pula = ₦28

Cape Verde: 1Escudo = ₦8

Algeria: 1Dinar = ₦12

Egypt: 1Pound = ₦35

Eritrea: 1Nakata = ₦18

Ethiopia: 1Birr = ₦19

Ghana: 1Cedi = ₦56

Gambia 1 Dalasi = ₦9

Kenya: 1Shilling = ₦6

Liberia: 1Dinar = ₦8

Lesotho: 1Loti = ₦19

Libya: 1Dinar = ₦156

Morocco: 1Dirham = ₦176

Madagascar: 1Ariary = ₦14

Mauritius: 1Rupee = ₦16

Malawi: 1Kwacha = ₦21

Mozambique: 1Metical = ₦24

Namibia: 1Dollar = ₦32

Seychelles: 1Rupee = ₦22

Sudan: 1Pound = ₦42

Swaziland: 1Lilangeri = ₦19

Tunisia: 1Dinar = ₦150

Zambia: 1Kwacha = ₦28

Even the worst economies of Africa now have more valuable Exchange rate than us.
As at today $1 = ₦480?
€1 = ₦560?
£1 = ₦660?

₦1,000,000.00 is less than $2,100.00.....and some think that we have not reached the breakpoint??

Putin (Russia): Lawyer

Biden (America): Lawyer

Merkel (Germany): PhD Physical Chemistry

Xi Jinping (China): Chemical Engineer and Doctor of Law

Ghanian President: Doctorate holder

Buhari (Nigeria): WAEC not found

Today Nigerians are arguing about another man who doesn't have FSLC, WAEC or any educational qualifications but wants to lead the whole country as president. Maybe the devil that was cast out of heaven fell directly into Nigeria.
under buhari and two brothers from the West tinubu and Osinbajo.

But I can't bream Osinbajo because they doesn't give him the opportunity to perform
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by KingofAnambra: 7:29am On Jul 04, 2022
Tinubu will fix this when he becomes president in 2023, no shaking!
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by pointblank247(m): 7:31am On Jul 04, 2022
sholatech:


You recycled an old article.. check what you wrote as our exchange rate here.

Exchange rates vary daily.

So please send updated one.

Many African currencies are also feeling the hit now
its old but that doesn't make tte Nigeria situation better, in fact the Naira has fallen further. I bought dollars yesterday at 620
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Madmohamed123: 7:34am On Jul 04, 2022
Moh247:
cool



Don't be decieved by exchange rate of countries like Ghana maintain their currency value by pumping their scarce resources to defend the currency to support their life of foriegn goods


A devalued RMB and Japanese Yen are more valuable than some fancy currency backed by petrol dollars

If CBN start pumping out our foriegn reserves to every Tom Dick and Harry that wants to import foreign goods then Nigerians would suffer in future for such stupidity spending on consumption




.
after all this your grama you don't bring any solutions so you want us to continue like this whit tinubu.

Some of you who think they went to school are just wested your time and money.

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by pointblank247(m): 7:35am On Jul 04, 2022
KingofAnambra:
Tinubu will fix this when he becomes president in 2023, no shaking!
grin are you being wickedly funny or just innocently saying your mind. You said Tinubu will fix Nigeria, no shaking.
So why did you add "no shaking" when its clear that Tinubu is shaking grin
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by KingofAnambra: 7:39am On Jul 04, 2022
pointblank247:
grin are you being wickedly funny or just innocently saying your mind. You said Tinubu will fix Nigeria, no shaking.
So why did you add "no shaking" when its clear that Tinubu is shaking grin
No shaking = no worries. Stop being mischievious grin

1 Like

Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by AfonjaNaBastard(f): 7:41am On Jul 04, 2022
Moh247:
cool



Don't be decieved by exchange rate of countries like Ghana maintain their currency value by pumping their scarce resources to defend the currency to support their life of foriegn goods


A devalued RMB and Japanese Yen are more valuable than some fancy currency backed by petrol dollars

If CBN start pumping out our foriegn reserves to every Tom Dick and Harry that wants to import foreign goods then Nigerians would suffer in future for such stupidity spending on consumption




.

SHUT UP!!!

YOU IGNORAMUS
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by sholatech(m): 8:02am On Jul 04, 2022
pointblank247:
its old but that doesn't make tte Nigeria situation better, in fact the Naira has fallen further. I bought dollars yesterday at 620

Exactly my point please. That shows that all the rates to all African currencies have changed. It defeats his headline. Ghana cedis as example has depreciated more in the last 3 months. While Naira is getting bad, some African countries currencies have gotten worse. He needs provide current exchange rate to buttress the headline.
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by DOTian: 8:07am On Jul 04, 2022
Moh247:
cool



Don't be decieved by exchange rate of countries like Ghana maintain their currency value by pumping their scarce resources to defend the currency to support their life of foriegn goods


A devalued RMB and Japanese Yen are more valuable than some fancy currency backed by petrol dollars

If CBN start pumping out our foriegn reserves to every Tom Dick and Harry that wants to import foreign goods then Nigerians would suffer in future for such stupidity spending on consumption




.

What are you even trying to do? Put a spin on it?
Are you that desperately shameless?
Do you even understand the net effects of these exchange reality on everyday consumables?
Have you closed your eyes to imagine what millions of poor families in Nigeria go through as a result of the attendant inflation?
Are you this dense by choice or is it that your daftness na follow come?

You are exporting zilch!
Your infastructural development projects are nothing but paper tiger stuffs.
You don't even have a Chief executive that can intelligently articulate a wtnout of the countrys economic predicament and you're here trying to throw in the Japanese yen and the Chinese yuan into the mix in other to sound clever?
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Nobody: 8:07am On Jul 04, 2022
Too bad
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by femicyrus(m): 10:06am On Jul 04, 2022
Moh247:
cool



Don't be decieved by exchange rate of countries like Ghana maintain their currency value by pumping their scarce resources to defend the currency to support their life of foriegn goods


A devalued RMB and Japanese Yen are more valuable than some fancy currency backed by petrol dollars

If CBN start pumping out our foriegn reserves to every Tom Dick and Harry that wants to import foreign goods then Nigerians would suffer in future for such stupidity spending on consumption


200 million human being with hands , legs and brain who all directly or indirectly depends on 2.5m barrels of crude oil belonging to few comiunity in the Niger Delta, would useless blame others for their uselessness to earn forex, and the little they get from Niger Delta resources they still complain


Rice they can't grow but can eat it if imported with petrol dollars

Innosun , Peauguet Nigeria, and Kia Nigeria are not the car they like they want Tokunbo from US, Canada and Begium using Niger Delta petrol dollar



.
"Suffer in future"
Which future?
Because of an imaginary future, hunger should kill people alive today?
Rice was #8500 before your CBN started doing the right thing and now only corruption can buy it at #33,000
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by jameshankss(m): 10:34am On Jul 04, 2022
This has to do with the use of dollars to import quality motor petrol in large quantities.
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Jengem: 10:34am On Jul 04, 2022
Aboki tinz
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa.... by Xbobtage: 10:49am On Jul 04, 2022
typing

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