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 How far do Euros and USD go in Nigeria?

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pornlando
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Joined: 19 Jul 2009
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PostPosted: Sat Aug 08, 2009 6:43 pm Reply with quoteBack to top

I mean ovbiously these lads make a few bucks here and there, but lately I see them going for smaller amounts these days, often just a couple hundred bucks.

Does anyone here have what a couple hundred dollars would buy you in Ladland?
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Branwen
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Joined: 18 Oct 2008
Posts: 4771
Location: Down on the (Playmobil) farm


PostPosted: Sat Aug 08, 2009 8:06 pm Reply with quoteBack to top

I don't know what it would buy you, but according to this site:

http://www.turkishweekly.net/news/66684/-nigerian-union-issues-ultimatum-on-minimum-wage-talks.html

and others (Google Nigeria minimum wage 2009), the minimum wage is 5500 naira/US$40 per month. So, assuming that ye ordinaire worker is paid minimum wage, $200 would be five months salary to you and I.

Though ... if a Lad is asking for a small amount, that is probably only to find out if you are indeed 'a payer'. If you pay that first amount, he will probably ask for another larger 'fee' later.

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OxygenDeprived
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Joined: 05 Mar 2007
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PostPosted: Sat Aug 08, 2009 8:06 pm Reply with quoteBack to top

The exchange rate is pretty good and I've heard a few dollars go a long way.

In reality though, they are going for smaller amounts just to see if they can get you to pay. If you do, you'll be sure some other larger fee will come around that you'll be forced to pay.

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Mr Tambourine Man
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Joined: 06 Jun 2008
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PostPosted: Sun Aug 09, 2009 9:02 am Reply with quoteBack to top

pornlando wrote:
lately I see them going for smaller amounts these days, often just a couple hundred bucks.

What type of scams? I suspect that scams that net only smaller amounts are more profitable.
Scam 100 Craiglist advertisers out of $200 each and you get $20,000, for less effort and time than trying to take a NOK victim for everything he's got.

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weareborg
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Joined: 07 Sep 2008
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Location: out there in the wide blue yonder


PostPosted: Sun Aug 09, 2009 1:13 pm Reply with quoteBack to top

To give you a little idea at the current exchange rates, this is how
it works out

100.00 USD = 15380.00 NGN
100 Euro = 21819.61 NGN


Used http://www.Xe.com/ucc/full/ for currency conversion

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