With the Naira getting a beating,
If a Kenyan with KES 10,000 in Nairobi moves to Lagos, his money would be worth around N32000.
This change is enough to buy you an Infinix Hot 3 on Jumia Nigeria. The same Infinix goes for less than KES 8K on Jumia Kenya.
To get an iPhone you’ll need a little more than N300K, or just around KES 100K.
A nigerian with a million Nairas is just worth a third of that here.
But as it is right now, no one really knows the value of the Naira.
Huko naskia ukienda kununua wheel barrow unabeba pesa na wheelbarrow ingine.
What is the cause of all this inflation or is it deflation?
:D:D:D:D kumekuwa kama Zimbabwe
Lie 1naira is equivalent to ksh2.00 acha uwongo brathe
NV Keti Paleeeeeee ---------------------------> Gay Meffi!
I guess the low crude oil prices are hitting the ogres…I mean Ogas where it hurts i.e. in the nuts
go watch BBC lifestyle
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Meant to say 1ksh is equal to 2nairas:rolleyes:
Reduced price of oil, and policies za ufala za Buhari. He first to have a fixed exchange, meaning there was dollar shortage in Nigeria fueling a black market. The moment kuna dollar shortage importers are hit first, Nigeria being a net food importer, prices za dollar depending on black market, prices increased and became erratic
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Finally common sense prevailed and he decide to let the exchange rate be determined by market forces, that the point you see the graph change drastically in june
na vile hawa ma naija ujiskia hapa ujeru…kumbe pesa yetu iko juu yao
Ni kama vile South Sudanese walikuwa wanabehave hapa Kenya before their economy was reduced to nothing.
But until July it was the the largest Economy in the continent until it was overtaken by SA again. They have very good superhighways across the country and the real esaltate industry is second to none. Not forgetting financial industry,fashion etc so bado tuko nyuma tena sana. I have been to Abuja and Callabar
So you had a witch doctor plant paraphernalia up your ass with his joystick. Sick Mofo!
what you are saying is that if we go to nigeria we will buy the same items at more or less the same price there as we would here?
Naweza badilisha nairas wapi [SIZE=1]asking for a friend? [/SIZE]
Most items will be, but the inflation is evident, prices have gone up a notch due to the Naira’s devaluation.
KUMBE KIBAKI ALITUSAIDIA SANAAAAA
TUKUTANE HARRYS TAVERN SUNDAY SAA NANE , NIKU SORT .
The demand for dollars in Nigeria is so bad that in parallel markets, a dollar goes for over N600, while the official exchange rate by the Central Bank of Nigeria is N350 to the dollar.