Topic: Naija Novice Hangout {Newbies introduction & Orientation} Thread. - page 138. (Read 1024792 times)

Bros well done, we indomie generation no see these money when u post so, na ear we take hear say we get dis kind money before. And say we exchange goods in barter trade, some people even say our money and British pounds na mate that time.

But if if na true say our money and British pounds na mate that time that means our Naira do finish since before them born me.

Good work mate, allow me to appreciate you good work which I am very sure you went through a lot of research for that I remove my cap for you, but is this our history or the history written for us. If you want to talk about Nigerian only currency I feel make we go beyond they history they wrote for us, did you know that we once made trade through trade by batter, this was what one old men been Dey do, before them push to the use of cowries and maybe precious resources like gold and so on. Make we try no the let this men down. They foundation of Nigeria started before we even got the name Nigeria. It won’t be an easy research but it would be an interesting one for citizens and non citizens.

Topic: Old Nigeria Currencies Till date


INTRO
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How well do you know the of history Nigerian currency and which of the currency was the lowest denomination in your eye when you been begin know difference between stick candy and cabin biscuit? I know say old people they here and young lad also they here, so make we share some knowledge on how the country currency take reach where we dey today.
Nigeria's currency don changed and transitioned over some time due independency, civil war, changes in government, CBN policy to battle inflation, redesigning of the texture to battle money laundering and the quest to build one of the standard currencies around the world.
If I could remember very well, I once had an opportunity to go through my grandma's old stuff before she been kick bucket, they are so good at keeping old stuff even the ones they don't need again and guess what I found, I saw some shillings notes and coins in metal box that are no longer in circulation, it was small when compare with the current ones (that was round 2006) and the colour was so gleemed and smell like of old mint money but little did I know about our currency until I recently started doing some research on old Nigerian currencies and their date issued and year they were discarded.
How many old britished currencies did we used and the year they where created, what are the current ones use that are in circulation and which materials was that used and later been replaced are discussed.

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THE BRITISH OLD COINS
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Right before we became an independent nation, Nigeria was using the cowries and beads to they exchange good and services but as colonial people carry their wahala come shows us say them sabi way of life and them better pass us, different ethnicity were forced to form as one and we begin the use of the british coins, thats was how the used of penny, pence and shillings begin, the date they were created and issued are all in the tale below.
After a few years, the materials used to make some of the coins was changed. In 1908, the material used to make the ½(Half) penny was changed from Aluminum to Cupro-Nickel, and in 1920, the penny and shillings coins were changed to Brazz.

Name of Coins	|	Date issued	|	Date Witdrawn	|	Material Used	|
_________________	|	_________________	|	_________________	|	_________________	|
1/10 penny	|	1907	|	1973	|	cupro-nickel	|
_________________	|	_________________	|	_________________	|	_________________	|
½(Half) penny	|	1911	|	1973	|	Aluminium	|
_________________	|	_________________	|	_________________	|	_________________	|
1 penny	|	1907	|	1973	|	cupro-nickel	|
_________________	|	_________________	|	_________________	|	_________________	|
3 pence	|	1913	|	1973	|	Silver	|
_________________	|	_________________	|	_________________	|	_________________	|
6 Pence	|	1913	|	1973	|	Silver	|
_________________	|	_________________	|	_________________	|	_________________	|
1 Shillings	|	1913	|	1973	|	Silver	|
_________________	|	_________________	|	_________________	|	_________________	|
6 Shillings	|	1913	|	1973	|	Silver	|

Nb: The coins are listed in order of their Magnitude(value) and not their issued date in order to make it neat and readable


Some photos of British coins, some of which are presently up for auction and for sale on eBay.

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THE BRITISH WEST AFRICA OLD NOTES
===========================
With some developments, 4 countries been joined body as one and formed the West African Currency Board (WACB) to create their own first bank note, with this notes, you can used it as an exchange to settle goods and service between Ghana, Gambia, Sierra lone and Nigeria. They introduce about 5 notes and which were unique in designed and were regulated under the british supervision.

Name of Note	|	Date issued	|	Date Witdrawn	|
_________________	|	_________________	|	_________________	|
1 Shillings	|	1918	|	1963	|
2 Shillings	|	1916	|	1963	|
10 Shillings	|	1916	|	1963	|
20 Shillings	|	1916	|	1963	|
5 Pounds	|	1958	|	1963	|

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After our Independency, the west Africa old notes were removed form circulation and our first coins and bank notes were created , much didn't change till now except for the coins that were withdrawn from circulation and changes  in some of Nigeria Bank notes from paper to polymer(#5,#10, #20 and #50). I didn't include the New notes because everyone here should be familiar with the polymer currencies and there is much difference between the old and the New, its just the texture designed and size. The Nigeria coins were discarded and withdrwans because they lack value, they couldn't buy anything in the society due to inflation just like the way #5 is no longer doing anything good in circulation.

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Further Readings
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• https://www.cbn.gov.ng/Currency/historycur.asp
• https://www.cbn.gov.ng/Currency/FeaturesCoins.asp
• https://web.archive.org/web/20060116212129/http://www.cenbank.org/currencymgt/thumbnails_73notes.htm
• https://www.ngccoin.com/price-guide/world/nigeria-penny-km-2-1959-cuid-1085243-duid-1436127
• https://en.wikipedia.org/wiki/Nigerian_pound#Banknotes
• https://en.wikipedia.org/wiki/Nigerian_naira#Coins
• https://en.wikipedia.org/wiki/British_West_African_pound
• https://africanbanknotes.com/articles/jun07-bwa.php
• https://notescollector.eu/pages/en/notes.php?noteId=1830

Sha just tell them first. Because na people like that people deh tell good morning for evening. By the time them know wetin deh happen frustration go don rub them everywhere. 9ja na real tough place to survive.



Shebi they increased the fare the other time. They should go ahead and increase it again na, why trying to shut it down. Increase it, let only those who can afford it continue. This sitting national assembly is the worst in history. They can not do anything. Nothing at all. Not even question any ministry or parastatals or president Buhari self. I miss the Kenn Nnamani and Bukola Senate. If na those ones Buhari for deh hot seat by now.

Please do not make multiple posts in a row mate, just merge them into one. And just so the thread can look aesthetically pleasing, try not to quote a long post completely, when quoting it, you can either clear out everything and leave something like '' there, or just clear out the part you do not need, and leave the ones you want to directly reply to (just as i did right now with your post). You can find out more information about how to do it in the link below:
https://bitcointalksearch.org/topic/tips-to-avoid-pyramid-quotes-for-newbies-3749076

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Now back on the topic, i think all pressing issues in the country are important, whether it is a hike in price of kerosine, fuel, aviation fuel or what have you, a hike in any of these commodities affect every citizen irrespective of financial level, for example, one average individual in normal circumstances spends 30,000 naira per month on energy for his home (be it money for cooking gas, electricity, etc), another rich person spends a million naira on the same thing in his more sophisticated home, if there is a hike in price, and the former now spends 60,000 naira, and the latter, 2 million naira, it clearly affects the both of them as they are made to spend more than normal.

The news is popular not because it affects the 'wealthy' like you said, but because it is the latest negative 'development' in our country, domestic flights can't even be said to be for the wealthy, for example, in normal circumstances a flight from the South West to the South East should not cost more than 25-30k naira when you are flying in the Economy class, and with that price, an individual who is fairly comfortable without too many financial responsibilities can afford it, it is the same hike in aviation fuel that has made the price to skyrocket, making it unaffordable atm, the very reason why they are completely shutting down till further notice. Finally, this negative 'development' would not even affect the wealthy like you presume, the wealthy would still board private jets, and pay for private planes and go to wherever they want to go to unhindered.

This issue is only becoming a news only because it's affecting or going to affect the average rich to the well rich and wealthy Nigerians.

The price of cooking  Kerosene which is the most popular available and supoosed affordable thing that the poor naija people are using for cooking (kero stove) have increased in price from #200 we used to by a litre to about #700 now yet no news or noise is made.

Maybe cause it's irrelevant since the rich have moved to gas usage. Which recently made the rounds about the sudden increment, and now it's aviation fuel turn which is now making another rounds.

Am not supporting the hike in aviation fuel or because maybe I don't use airline as means of transportation but the issue here is why it's only when a matter affects the wealthy in this country that it becomes important??

Abi other people na adopted Nigerians?

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Another matter to add be say mk him the try make better thread/post wey mk sense for head and  no go around the beg beg for merit oh, dis forum no dey like am.

Just do your best and leave d rest to baba God.

[moderator's note: consecutive posts merged]

The AON (airline operators of Nigeria) have announced that there is going to be a shut down of domestic flights from Monday, 9th of May 2022, due to the hike in the price of aviation fuel

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I am pretty sure quite a lot of us have seen this news already, for those who have not, this is the latest development at the moment in our country, travelers would no longer be able to board planes from one destination to another within the country till further notice as the AON bemoans the high cost of aviation fuel, claiming it moved from 190 naira per litre to 700 naira per litre, that is an astronomical increase if the information is correct, and that has been the reason why the cost of flights in the past months has been extremely high, i am sure those who travel by air here noticed the increase.

So, should this shut down take effect on Monday, it is going to inconcenience quite a lot of people who travel by air, and i am pretty sure some of us here constantly travel by air, especially when we are heading to a far destination, like moving from the West to the East, or from the East to the North, etc. I think quite a lot of people would have to reschedule their travel plans (as long as it is not urgent) and wait till all of this is resolved than travel by road. If your means of transportation within states in the country is by air, what is going to be the alternative should this problem linger, i can't comment on this cause i do not travel by air within the country as i do not have enough money for that.

The news: https://www.okay.ng/fuel-hike-airlines-to-shut-down-domestic-operations-from-monday/

Who be ASUU ? Who be FG? All of them na the same people na. Personally, I no dey surprise by the incessant strike. These people wey dey ASUU during the last election for 2019 na them be returning officers wey help rig the election to allow these politicians hold power today. So na dem dem. For countri wey everything dey work well, by now NLC, NUC, NUJ, and all those union suppose to don shook mouth put for the matter because na education. But them just leave everything like that....me sef I just tire. Them no just value education and na this thing dey pain me pass. How we go take progress without education?



Everybody no fit be self-employed na. Some people actually wan read book, graduate, work for company.

ASUU no make sense. Make them and federal government of Nigeria go rest for once self. School no be the one weh people go come out from after many years and come begin waka up and down for several years in search of job and shoe go come chop. At the end self how much weh them deh pay if na entry level for government work. Level 8 weh be entry position for government work salary na N55,000 monthly. Abeg, if you know anybody weh still dey school make una tell them to develop the mindset of being self employed. E get why.

Nor be lie the world na digital village. You no go believe the kind connections you fit get on LinkedIn and other professional apps, people dey get jobs from there, some they work remotely. Opportunities dey everywhere.

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I hear say federal government don approve the funds for tertiary institutions today. The strike don too tay shuu govt nor wan shake leg since. Make them allow the students go back to finish make them finish their courses go face life for outside. 4 years course don turn 5 years because of ASUU strike 

I get where you coming from mate, but take for example you aspire to become a hard working lecturer or teacher in this country of low income and you have family to carter for. Then you happen to write a text book, with your experience and numerous research. You fixed a price and only for you to have people photocopying your work to have it for free or at a low price, I personally feel e go hurt anybody. Although I don’t know how NFT would solve this issue, but since the world is becoming a digital village, and the advent of crypto-currency has digitally tackled some issues with traditional finances actives, I hope something would come up in future.

Senior man no issues, you never talk off record and I no dey vex, besides me dey hardly vex. Based on the personality mata, ah sorry if you no understand wetin I mean. You know say sometimes person fit not express himself complete for dis brokin we dey knack. Or I fit express well but the man for the other end no too catch am well.
Yea, I like as me and you don land for the same ground. Make naira and crypto co-exist and make Nigeria no rush make bitcoin legal tender. Our problem no be to make bitcoin legal tender. If our leaders fit free hands make we trade bitcoin with bank, p2p and anyhow we want, e dey ok for us.

If you check well, people wey dey do this legal tender something na small countries, one sef no get their own fiat. Make oyibo dey play their game. Anyday major European countries or USA make bitcoin legal tender, we as Africa giants we go follow.
But make you try teach your people about bitcoin and crypto because na clear future e be. Nobody know belle wey carry king. E fit later play out say na em go be the future financial system of the world. I no lie you, blockchain too strong.

Baba this matter never reach quarrel na. E never reach to drag personality enter the matter o. We are only trying to talk wetin deh ground. No vex for me if to say my comment do you somehow for body. E get better thing weh you talk concerning say make both crypto and naira deh co-exist, na true be that and I no think anybody go say na lie. For crypto to survive for 9ja naira must stand side by side with am.

E depend on how you dey see the matter shaa. I no condem crypto for anywhere. I talk say if Nigeria make Bitcoin legal tender today, e go help crash naira finish the one wey remain and I give you my reasons.
Before crypto come, naira don dey exist. Many of our parents wey be civil servants dey recieve salary for naira, many of our brothers wey dey Ariaria, Oshodi, Onitsha etc dey use naira do business, our daily livelihood depends on naira. If anything happen to naira e go affect everybody for the country.
So, make crypto dey him own wey, make our naira dey him own. If competition dey between crypto and naira, na me be the last person here wey go talk say make crypto win.
E depends on the kind personality you be shaa, but even of Satoshi appear here today I go still talk am for him face.
Make both crypto and naira co-exist,  na em be true definition of liberty. I no fit stand up say wetin one boy wey I no know where him from create come kill wetin the whole country get.

Baba you go feel bad about selling your ADA in loss o in few months to come when everything stew again. Na so we deh see this type of thing, no be today e deh happen. I still deh hold. I no want to sell now.


Na so. Make we imagine say the way this forum deh take handle copyright issue na so 9ja deh take handle its own copyright issue, everywhere for don catch fire and people go sit up fast fast.

True, outside our dear country 9ja, copyright rules dey stricter, you fit enter prison sake of say you dey play copywrited music in a public place, say your vehicle... that's why you notice that abroad, they are mostly tuned in to their radio stations. If na so dem dey run am for Naija here, na prison many of us for dun dey.

Do you think our economy, that is the fact that some students in school do not have money enough to purchase the original copy, has a part to play in why students buy the low cost one?

Do you think it is also an indication of how education has lost value in the country, say students nor dey reason buy better textbook because they don't use it, and Universities bookshops and lecturers sell low cost textbooks to student because majority don't read it?

Are you still buying the dip, brave and strong-hearted movement? Or the dip has gotten dipper and dipper it's been a fantastic year for short term traders they have been making a lot of profits from buying and selling bitcoins since the beginning of the year, bitcoin has been forming a beautiful passive income steps and at the same time it's been a terrible year for short term altcoin traders


My point is, are you buying dipper or taking a loss in order to enjoy your life?

Me: I sold my ADA at a loss to enjoy life because it's been a difficult year!!




Edit:
Copyright rules in Nigeria is not as strict as it is in other countries, you barely see people penalize for it so I see reason why most students photocopy textbooks.

I am not good in NFT but I think you are correct. But even the textbook can be pirated, selling it without paying in NFT but just in fiat or in fungible cryptocurrencies like bitcoin.

I still remember my university years, even some students (although just very few of them) went to the length of making photocopy of a whole textbook because of achieving the same aim with very low amount of money.

When the main textbook for my department cost around ₦15000 that time, people bought the pirated copy at around ₦5000 with well design but not hardcover like the original. To hell with NFT for such people that want to achieve the same aim with low cost. After 4 or 5 years, they are done with school and graduate.

But to pleasing to those that want quality, it actually worths it.

We know how Nigerians are thinking, most students are buying the low cost copy. But to be sincere, with low cost, they are of good design. Not the photocopy ones, that is crazy.

I am not supporting pirated copies, but this is what is actually happening and no pressure because the original copies are mostly from outside the country for most textbooks. Not primary and secondary schools, I focus this on universities and other tertiary learning institutions.

Correct talk. If authors them begin go the way of NFT it will put a stamp and end to continuation or revised edition to written works. E no go good. And I agree with you on that say people often deh get ideas from the works weh others them do. If not because of that Satoshi for no fit push bitcoin establishment as e come be today. But I believe say in time to come some authors go want to try this NFT thing and once e pays off, others will follow up.

Perfer example is boredApe and Cryptopunks NFTs, when people discover say the price of the original one has gone up they started replicating/duplicating/editing the original art to sell it cheaper while the original one still exists.