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₦
The naira (sign: ₦; code: NGN; , , , ) is the currency of Nigeria. One naira is divided into 100 ''kobo''. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency Operations Department of the CBN is in charge of currency management, through the designs, procurement, distribution and supply, processing, reissue and disposal or disintegration of bank notes and coins. A major cash crunch occurred in February 2023 when the Nigerian government used a currency note changeover—delivering too few of the new notes into circulation—to attempt to force citizens to use a newly created government-sponsored central bank digital currency. This led to extensive street protests. History The naira was introduced on 1 January 1973, replacing the Nigerian pound at a rate of £1 = ₦2. The coins of the new cur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Republic Of Nigeria
Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea in the Atlantic Ocean to the south. It covers an area of . With Demographics of Nigeria, a population of more than 230 million, it is the List of African countries by population, most populous country in Africa, and the List of countries and dependencies by population, world's sixth-most populous country. Nigeria borders Niger in Niger–Nigeria border, the north, Chad in Chad–Nigeria border, the northeast, Cameroon in Cameroon–Nigeria border, the east, and Benin in Benin–Nigeria border, the west. Nigeria is a Federation, federal republic comprising 36 States of Nigeria, states and the Federal Capital Territory, Nigeria, Federal Capital Territory, where its capital, Abuja, is located. The List of Nigerian cities by population, largest city in Nigeria by population is Lagos, one of the largest List of largest cities, metr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Two-hundred-naira Note
The Nigerian two hundred-naira bill (₦200) is a denomination of Nigerian currency. The first Nigerian note with this value was issued in November 2000. Sardauna of Sokoto Ahmadu Bello has been featured on the obverse of the bill since 2000. On the reverse of the banknote is a pyramid of agricultural commodity, livestock farming, the National Coat of Arms, yellow trumpet flowers, and the denomination. The bills are also commonly referred to as ''20 faiba'', indicating that it is ₦10 in 20 places. Redesign On the 23rd of October 2022, the governor of the Central Bank of Nigeria, Godwin Emefiele announced that the ₦200, ₦500, and ₦1000 notes would be redesigned to reduce counterfeiting and corruption. The new notes were unveiled on the 23rd of November 2022. No changes were made on the existing features, only the overall colour of the note was changed. President Muhammad Buhari said that the old 200 notes could be used till 10 April 2023. The notes are still in use. R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Nigeria
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort and financial adviser to the federal government. The central bank's role as lender of last resort and adviser to the federal government has sometimes pushed it into murky political controversies. After the end of colonial rule, the desire of the government to become proactive in the development of the economy became visible, especially after the end of the Nigerian civil war, the bank followed the government's desire and took a determined effort to supplement any show shortfalls, credit allocations to the real sector. The bank became involved in lending directly to consumers, contravening its ori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian One-thousand-naira Note
Nigerian one thousand-naira note ( ₦ 1000 or NGN 1000) is a denomination of the Nigerian currency. The one thousand-naira note was introduced in October 2005. It is the highest Naira denomination. On 12 October 2005, Olusegun Obasanjo launched the ₦ 1000 note. References 1000 1000 or thousand may refer to: * 1000 (number), a natural number * AD 1000, a leap year in the Julian calendar * 1000 BC, a year of the Before Christ era * 1000 metres, a middle-distance running event * 1000°, a German electronic dance music maga ... Currencies introduced in 2005 Banknotes of Nigeria One-thousand-base-unit banknotes 2005 establishments in Nigeria {{banknote-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian One-hundred-naira Note
The Nigerian one hundred-naira bill (₦100) is a denomination of Nigerian currency. The first Nigerian note with this value was issued in December 1999 and the Centenary version was launched in 2014. Obafemi Awolowo, a nationalist and statesman who played a key role in Nigeria's independence movement, has been featured on the obverse of the bill since 1999. An image of Zuma Rock in Niger State once appeared on the reverse of the banknote, but was replaced by a group of traditionally dressed people in the Centenary note issued on the 19th December 2014. The bills are also commonly referred to as "10 faiba," "Awo," in reference to the use of Awolowo's portrait on the denomination. References {{Authority control One-hundred-base-unit banknotes 100 100 or one hundred (Roman numeral: C) is the natural number following 99 and preceding 101. In mathematics 100 is the square of 10 (in scientific notation it is written as 102). The standard SI prefix for a hundred is " hect ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Pound
The pound was the currency of Nigeria between 1907 and 1973. Until 1958, Nigeria used the British West African pound, after which it issued its own currency. The pound was subdivided into 20 shillings, each of 12 pence. The Nigerian pound, at parity with sterling with free convertibility, was replaced in 1973 with the decimal '' naira'' at a rate of £1 = ₦2, making Nigeria the last country to abandon the pre-decimal £sd currency system. Coins Coins were issued in 1959 in denominations of , 1, 3 and 6 pence, 1 and 2 shillings. The d and 1d coins were holed and struck in bronze. The 3d coin, minted in nickel-brass, was a smaller version of the distinctive twelve-sided threepenny bits that were used in the UK, Fiji and Jersey. The higher denominations were struck in cupro-nickel. Banknotes In 1918, emergency issues were made by the government in denominations of 1/–, 10/– and 20/–. In 1959, [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Fifty-naira Note
The Nigerian fifty-naira note (₦ 50 or NGN 50) is a denomination of the Nigerian currency. When the note was introduced in October of 1991, it was the banknote with the highest denomination in Nigeria at the time. References 50 Currencies introduced in 1991 Fifty-base-unit banknotes 1991 establishments in Nigeria Banknotes of Nigeria {{banknote-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Five-hundred-naira Note
The five hundred naira Nigerian note is a denomination of Nigerian currency. It was introduced in April 2001, and it was the highest currency in Nigeria when it was introduced until the 1000 naira was introduced. The obverse of the note features a portrait of Nnamdi Azikiwe. The reverse features an off-shore oil rig and the Coat of arms of Nigeria. The 2001 issue was withdrawn on the 10th February 2023 and replaced by a new green version. Security features include a Holographic security thread, tilt feature, colour changing ink, watermark and raised ink. References Banknotes of Nigeria 500 Naira The naira (sign: ₦; code: NGN; , , , ) is the currency of Nigeria. One naira is divided into 100 ''kobo''. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. It controls the ... Currencies introduced in 2001 2001 establishments in Nigeria {{banknote-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Old Nigerian Currencies
Old or OLD may refer to: Places *Old, Baranya, Hungary *Old, Northamptonshire, England *Old Street station, a railway and tube station in London (station code OLD) *OLD, IATA code for Old Town Municipal Airport and Seaplane Base, Old Town, Maine, United States People *Old (surname) Music *OLD (band), a grindcore/industrial metal group * ''Old'' (Danny Brown album), a 2013 album by Danny Brown * ''Old'' (Starflyer 59 album), a 2003 album by Starflyer 59 * "Old" (song), a 1995 song by Machine Head *"Old", a 1982 song by Dexys Midnight Runners from ''Too-Rye-Ay'' Other uses * ''Old'' (film), a 2021 American thriller film *''Oxford Latin Dictionary'' *Online dating *Over-Locknut Distance (or Dimension), a measurement of a bicycle wheel and frame See also *Old age *List of people known as the Old *''Old LP'', a 2019 album by That Dog * * *Olde, a list of people with the surname *Olds (other) Olds may refer to: People * The olds, a jocular and irreverent online nick ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, Inc., Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson plc, Pearson sold the publication to Nikkei for Pound sterling, £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on Business journalism, financial journalism and economic analysis rather than News media, generalist reporting, drawing both criticism and acclaim. It sponsors an Financial Times and McKinsey Business Book of the Year Award, annual book ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
