A wise man — me — once said, you can’t appreciate money until you understand it. Don’t overthink the quote please; pretend it’s from Socrates.
This is Zikoko’s guide to what the Naira notes are worth.
₦1000
The dollar makes a mockery of its value but we’ll take what we can get. It’s also the only note with 2 people on it. Two heads are still better than one.
₦500
It closely follows ₦1000 in value. Okay, maybe not so closely, because this is the biggest value difference among all the notes. It used to be able to buy bread comfortably, but a big loaf is now ₦550. Depending on how good you are at pricing things, you can still get akube shirts with it.
₦200
Legend has it that whenever you want to squeeze money into someone’s hand, this is what you go for. It’s also the most common note to spray at owambes.
₦100
It’s probably the most useful note. It ‘s often the dirtiest too. It can buy garri, pay for okada, and can even come through as offering in church. I stan a versatile note.
₦50
Popularly known as Waso, short for Wazobia. It used to be enough to buy one wrap of fufu but that can only work these days if you carry a gun with you.
₦20
Groundnut, sweets, chewing gum and pure water. The four horsemen of twenty naira.
₦10
This is closer to a relic than it is to being a naira note. It used to be enough for pure water but even that is now beyond its reach.
₦5
You’re more likely to find suya in the afternoon than to see a ₦5 note these days. Despite its scarcity, it’s still the most financially deficient note. If I were to give you one ₦5 note every hour, in one month, you would earn ₦3,650.
Now that you know what the naira notes can and can’t do for you, what about what the naira can do with you? Zedcrest Wealth is equipping its customers with a chance to work with money as opposed to money slaving away in a bank without any valuable interest. Click here to begin.
