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iPhone 16 Price vs Minimum Wage in 10 African Countries: A Detailed Comparison

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iPhone 16 Price vs Minimum Wage in 10 African Countries: A Detailed Comparison, These products come with Apple’s custom-built A18 chip and incredible new camera capabilities that raise the bar for the iPhone’s futuristic potential. Pre-ordering starts today, Friday, September 13, 2024, while products will be available from September 20, 2024.
The iPhone 16 has been touted as an AI wonder due to its numerous AI-powered software features built for Apple Intelligence. Apple explains this as “the easy-to-use personal intelligence system that understands personal context to deliver intelligence that is helpful and relevant while protecting user privacy”.
When it comes to pricing, market forces come into play due to foreign exchange and tax rates across the world. This means the pricing and affordability of the new iPhone 16 will vary across countries.
According to Androidauthority, the cheapest iPhone 16 can be purchased in China, Japan and the United States at $842, $877 and $879 respectively. Those prices in Nigeria, will, however, still fall under the “very expensive” category due to the low purchasing power parity and foreign exchange crisis which has greatly influenced the ability of Nigerian workers on minimum wage to own such gadgets.
In this report, the starting cost of the iPhone 16 ($799) has been compared with the minimum wages in 10 African countries, with an analysis of the estimated number of months a worker will need to earn a salary to afford the product. We will be using the price of the standard iPhone 16 which stands at $799 (₦1.3 million at ₦1,640/$) for the 128GB model.
S/N | Country | Min Wage ($) | Estimated wait time |
---|---|---|---|
1 | Seychelles | 465.4 | 2 months |
2 | Libya | 321.8 | 2 months |
3 | Morocco | 314.7 | 2 months |
4 | Gabon | 270.5 | 3 months |
5 | Equatorial Guinea | 211.54 | 4 months |
6 | Algeria | 140.14 | 6 months |
7 | Cape Verde | 139.46 | 6 months |
8 | Kenya | 130.37 | 6 months |
9 | Mozambique | 113.8 | 7 months |
10 | Lesotho | 109.62 | 7 months |
As seen from the table, African countries with a better minimum wage scale will have fewer challenges with purchasing the new iPhone 16 compared to countries with more tumultuous economies.
In Seychelles, Libya and Morocco, the phone would cost just about two months of minimum wage while it would take about six to seven months for Algeria, Cape Verde, Kenya, Mozambique and Lesotho.
For Government workers in Nigeria earning ₦30,000 minimum wage ($18.18), who are also expecting to purchase the iPhone, they will have to wait for nearly four years to purchase the phone.
However, with the implementation of the new minimum wage which has been increased to ₦70,000 ($42.42), the cheapest iPhone 16 model equals 18 months of minimum wage earnings for a worker in Africa’s biggest oil producer.
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Business
YipeeBet: The Ultimate Online Casino Experience for Smart Gamers

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38 minutes agoon
February 16, 2025By
John
In the ever-evolving world of online gaming, YipeeBet has positioned itself as a top-tier platform, delivering players an exciting, seamless, and rewarding experience. Whether you’re a seasoned bettor or a casual gamer, YipeeBet offers an unparalleled mix of entertainment, bonuses, and fast payouts that keep you coming back for more.
Why YipeeBet Stands Out
YipeeBet is not just another betting platform; it is an innovation-driven ecosystem designed for thrill-seekers and smart gamers who want to maximize their winnings while enjoying a user-friendly interface.
Diverse Game Selection – From adrenaline-pumping games like Aviator, Virtual Cup, Super Shooter, and Mini Roulette to a wide array of online casino betting options, and free game zone for relaxation with no money invloved. YipeeBet caters to every type of player.
Instant Payouts & Secure Transactions – YipeeBet ensures quick withdrawals and deposits with a secure payment system, guaranteeing hassle-free transactions.
Massive Bonuses & Promotions – With lucrative welcome bonuses, cashback offers, and seasonal promotions, players get more value on their bets.
User-Friendly Interface – YipeeBet’s website and mobile app are designed for easy navigation, ensuring a seamless betting experience whether you’re at home or on the go.
Join the YipeeBet Revolution
With a commitment to providing top-notch gaming and betting services, YipeeBet continues to redefine online gaming in Nigeria. Whether you’re in it for the thrill, the winnings, or just pure entertainment, YipeeBet is the ultimate destination.
Sign up today at www.yipeebet.com and start winning!
Follow us on social media for the latest updates and exclusive promotions: Instagram | X (Twitter) | Facebook @yipeebetcasino
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Business
NNPC acquires 15% stake in a $7m CNG plant in Delta

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9 hours agoon
February 15, 2025By
John
The Nigerian National Petroleum Company (NNPC) Limited through its subsidiary NNPC Gas Marketing Limited (NGML), has acquired a 15 percent
read more NNPC acquires 15% stake in a $7m CNG plant in Delta
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Business
Best Cryptos To Buy Now: Why These Top 5 Coins Could Explode Amidst Meme Coin and Altcoin Super Cycles

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12 hours agoon
February 15, 2025By
John
Some market observers anticipate that meme coin and altcoin super cycles could be on the horizon, prompting crypto enthusiasts and buyers to search for the best cryptos to buy now. Among the cryptocurrencies gaining traction ahead of these potential phenomena are Toncoin, Polkadot, MANTRA, B3 (Base), and the new altcoin JetBolt (JBOLT).
While still in presale, the zero-gas altcoin JetBolt is receiving an overwhelming response from blockchain whales and crypto aficionados. It has sold more than 320 million tokens, a huge feat for this young crypto.
Can JetBolt and the rest of the featured coins sustain their current momentum? Let’s discover why these top 5 coins could explode amidst meme coin and altcoin super cycles.
The Ultimate List of the Best Cryptos to Buy Now:
JetBolt (JBOLT): Young altcoin with zero-gas tech and rapidly expanding presale.
Toncoin (TON): Native token of “The Open Network.”
Polkadot (DOT): Blockchain project that connects blockchains.
MANTRA (OM): DeFi services ecosystem offering RWA tokenization.
B3 (Base) (B3): A Layer-3 solution on the Base chain.
Best Cryptos To Buy Now: An Extensive Overview
1) JetBolt (JBOLT)
At its core, JetBolt is a young altcoin offering groundbreaking features. Its zero-gas technology enables crypto users to transact without paying for gas fees. JetBolt also boasts an intuitive crypto-staking platform that allows stakers to earn rewards when they simultaneously stake their tokens and interact with friends.
Additionally, JetBolt offers an AI-powered crypto insights tool that showcases crypto news and stories arranged according to bearish or bullish market sentiment.
With the JetBolt presale underway, early buyers can get exclusive perks, such as extra tokens when they purchase Alpha Boxes or JBOLT tokens in batches. JetBolt has already sold over 320 million tokens since its launch.
2) Toncoin (TON)
Toncoin is the native token of “The Open Network” (TON), a decentralized blockchain platform. It is utilized for transaction fee payments, powers the network’s operations, and serves as a governance token.
3) Polkadot (DOT)
Polkadot is a blockchain project that connects blockchains, enabling data to be sent seamlessly across various blockchain networks. DOT is the network’s native token, used for staking and governance.
Chart of Polkadot’s price movement over the past 24 hours shows DOT trading at $5.15 based on CoinMarketCap data
4) MANTRA (OM)
MANTRA is a decentralized finance (DeFi) services ecosystem built on the Rio Chain. MANTRA offers financial services such as real-world asset (RWA) tokenization that adhere to regulatory compliance. Holders use OM tokens to partake in decision-making processes inside the ecosystem.
5) B3 (Base) (B3)
B3 is a Layer-3 solution on the Base chain created for seamless blockchain gaming for developers and players. According to Logan Hitchcock’s article on Decrypt, B3 has more than 80 games and has attracted 6 million players since 2024.
Best Cryptos to Buy Now: Key Takeaways
In this extensive overview, we discovered why Toncoin, Polkadot, JetBolt, MANTRA, and B3 (Base) are seen as strong contenders for the best cryptos to buy now. JetBolt is a captivating altcoin to explore, thanks to its suite of cutting-edge features and its ongoing presale.
While each cryptocurrency is innovative in its own way, it’s impossible to predict whether any of these coins could explode in the potential meme coin and altcoin super cycles because of market volatility.
For more details about JetBolt’s features and ongoing presale, visit the official JetBolt website today.
FAQs:
What are the top 5 crypto coins?
Here are the top 5 coins that are gaining popularity amidst the potential meme coin and altcoin supercycles:
Toncoin
Polkadot
JetBolt
MANTRA
B3 (Base)
What crypto is best to buy now?
Based on emerging crypto industry trends and other market developments, Toncoin, Polkadot, JetBolt, MANTRA, and B3 (Base) are some of the best cryptos to buy now. Each demonstrates qualities that make them appealing to crypto buyers.
This written piece does not offer any financial advice. All cryptocurrencies carry significant risks and are subject to the crypto market’s volatility. Thus, due diligence and extensive research are essential before acquiring a crypto asset.
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