Following the crash in oil prices, CBN’s foreign exchange controls and several other reasons, the Naira recently has been battered and crushed. The currency has weakened considerably, exchanging around 375 per dollar.
Here’s a list of African countries whose currencies are currently stronger than the naira.
- South Africa: Rand 1 = 13 Naira
- Angola: 1 kwanza = 2 Naira
- Botswana: 1 Pula = 18 Naira
- Cape Verde: 1 Escudo = 2 Naira
- Algeria: 1 Dinar = 2 Naira
- Egypt: 1 Pound = 25 Naira
- Eritrea: 1 Nakata = 13 Naira
- Ethiopia: 1 Birr = 9 Naira
- Ghana: 1 Cedi = 50 Naira
- Gambia 1 Dalasi = 5 Naira
- Kenya: 1 shilling = 3 Naira
- Liberia: 1 Dinar = 4 Naira
- Lesotho: 1 Loti = 14 Naira
- Libya: 1 Dinar = 146 Naira
- Morrocco: 1 Dirham = 146 Naira
- Madagascar: 1 Ariary = 4 Naira
- Mauritius: 1 Rupee = 6 Naira
- Malawi: 1 kwacha = 11 Naira
- Mozambique: 1 Metical = 4 Naira
- Namibia: 1 Dollar = 12 Naira
- Seychelles: 1 Rupee = 12 Naira
- Sudan: 1 pound = 32 Naira
- Swaziland: 1 Lilangeri = 13 Naira
- Tunisia: 1 Dinar = 100 Naira
- Zambia: 1 kwacha = 18 Naira
