The 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
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