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Nigerian Five-naira Note
The Nigerian naira notes are the official banknotes of Nigeria, the currency of which is the Nigerian naira (NGN). The naira is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender in the country. History The history of Nigerian naira notes dates back to the introduction of the currency on 1 January 1973. The Central Bank of Nigeria (CBN) is responsible for issuing and regulating the circulation of Naira notes. The initial series of notes featured iconic Nigerian symbols and leaders. Denominations The Nigerian naira is available in various denominations, each featuring distinct designs and historical figures. As of February 2023, the following denominations are in circulation: ₦5 Note The five naira note, characterised by its brown hue, features the prominent visage of Sir Abubakar Tafawa Balewa, Nigeria's inaugural and sole prime minister within the federal government. This denomination holds historical significance as it co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknote
A banknote or bank notealso called a bill (North American English) or simply a noteis a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to Redemption value, redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities. By extension, the word "banknote" is sometimes used (including by collectors) to refer more generally to paper money, but in a strict sense notes that have not been issued by banks, e.g. government notes, are not banknotes. National banknotes are often, but not always, legal tender, meaning that courts of law are required to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of Nigeria
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. This article uses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian 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 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 ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBC News Pidgin
BBC News Pidgin is an online news service in West African Pidgin English that was launched by the BBC World Service in 2017. It is based in Lagos, Nigeria. Pidgin, first used by British and African slavers to facilitate the Atlantic slave trade The Atlantic slave trade or transatlantic slave trade involved the transportation by slave traders of Slavery in Africa, enslaved African people to the Americas. European slave ships regularly used the triangular trade route and its Middle Pass ... in the late 17th century, has become one of the most widely spoken languages in West Africa, with up to 75 million speakers in Nigeria alone. However, it does not have a standard written form. In turn, the BBC developed a "standardised" form of Pidgin aiming to serve all West African speakers which has certain traits not found in other forms, such as increased usage of inflections. References External links * (in West African Pidgin English) BBC News channels {{BBC-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic And Financial Crimes Commission
The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement and anti-graft agency that investigates financial crimes and unknown transactions such as advance fee fraud (419 fraud) and money laundering. The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), which named Nigeria as one of 23 countries non-cooperative in the international community's efforts to fight money laundering. The agency has its head office in Abuja, Nigeria. The EFCC was also set up to fight against corruption and protect the country from economic saboteurs. History The Economic and Financial Crimes Commission (EFCC) was established on December 12, 2002, by President Olusegun Obasanjo's administration to combat financial crimes and money laundering. The commission's creation was partly in response to pressure from the Financial Action Task Force (FATF) on Money Laundering, which had ranked Nigeria as one o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bobrisky
Okuneye Idris Olanrewaju (born 31 August 1991), predominantly known as Bobrisky, is a Nigerian social media personality. She is a transgender woman known for her presence on the social media apps Snapchat, TikTok, and Instagram. Bobrisky has a huge following on social media. She is highly controversial on social media for not adhering to conservative Nigerian standards. She is a visible gender non-conforming person in a country where homosexuality is illegal (see LGBTQ rights in Nigeria). Early life and education Born Okuneye Idris Olarenwaju in 1991, Bobrisky attended both King's High School and Okota High School for her secondary school education, and graduated with a BSc degree in accounting from the University of Lagos (UNILAG). Bobrisky was briefly arrested in 2011 for posing as a woman, described as a way to make money for university fees, and sold clothes during university studies. Career and publicity By 2016, Bobrisky had grown a large audience on Snapchat, where s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clement Isong
Clement Nyong Isong (; 20 April 1920 – 29 May 2000) was a Nigerian banker and politician who was governor of the Central Bank of Nigeria from 1967 to 1975 during the military regime of General Yakubu Gowon. He was later elected governor of Cross River State (1979–1983) in the Nigerian Second Republic. Background Isong was born on 20 April 1920 in Eket, Akwa Ibom State. He studied at University College, Ibadan, Iowa Wesleyan College, Mount Pleasant, Iowa, and the Harvard Graduate School of Arts and Sciences, where he obtained a Ph.D. in Economics. He taught economics in the University of Ibadan before joining the Central Bank of Nigeria (CBN) as secretary, later becoming director of research. He was seconded to the International Monetary Fund as an adviser in the African Department. Central bank governor Yakubu Gowon appointed Isong governor of the CBN in August 1967, an office he held until September 1975. He headed the CBN during the Nigerian Civil War (July 1967 – Janua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aliyu Mai-Bornu
Mallam Aliyu Mai-Bornu (1919 – 23 February 1970) was a Nigerian economist, and the first indigenous Governor of the Central Bank of Nigeria. Life Early life and education Mai-Bornu was born in the town of Yola to parents of Kanuri heritage. His father was a councillor in the Lamido Native Authority and initially opposed Mai-Bornu's attendance of school until he was persuaded by the Lamido to give Mai-Bornu a chance. Mai-Bornu attended Yola Elementary School, Yola Middle School, and was admitted to Kaduna College in 1938, graduating in 1942 as an English language teacher. He started his teaching career at his alma mater, Yola Middle School, from 1942 to 1946 before proceeding to another one of his alma maters, Kaduna College (1946–1952), and soon joined the Northern Teachers Association. In 1952, he returned to Yola as deputy headmaster of the Yola Middle School and later left Yola to be a house tutor at the Veterinary School in Vom for five months. He earned a government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1000 Obverse
1 (one, unit, unity) is a number, Numeral (linguistics), numeral, and glyph. It is the first and smallest Positive number, positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses in other fields, ranging from science to sports, where it commonly denotes the first, leading, or top thing in a group. 1 is the unit (measurement), unit of counting or measurement, a determiner for singular nouns, and a gender-neutral pronoun. Historically, the representation of 1 evolved from ancient Sumerian and Babylonian symbols to the modern Arabic numeral. In mathematics, 1 is the multiplicative identity, meaning that any number multiplied by 1 equals the same number. 1 is by convention not considered a prime number. In Digital electronics, digital technology, 1 represents the "on" state in binary code, the foundation of computing. Philosophically, 1 symbolizes the ultimate reality or source of existence in various traditions. In math ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nnamdi Azikiwe
Nnamdi Benjamin Azikiwe, (16 November 1904 – 11 May 1996), commonly referred to as Zik of Africa, was a Nigerian politician, statesman, and revolutionary leader who served as the 3rd and first black governor-general of Nigeria from 1960 to 1963 and the first president of Nigeria during the First Nigerian Republic (1963–1966). He is widely regarded as the father of Nigerian nationalism as well as one of the major driving forces behind the country's independence in 1960. Born in Zungeru in present-day Niger State to Igbo parents from Onitsha, Anambra State, Azikiwe learned to speak Hausa which was the main indigenous language of the Northern Region. He was later sent to live with his aunt and grandmother in his hometown Onitsha, where he learnt the Igbo language. Living in Lagos State exposed him to learning the Yoruba language, and by the time he was in college, he had been exposed to different Nigerian cultures and spoke the three major Nigerian languages. Aziki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azikiwe 500 Naira Note
Azikiwe is a Nigerian male given name and surname of Igbo origin. It means "the one who comes from the great forest' or 'the one who comes from the land of the great forest". Azikiwe is a powerful name that evokes a connection to nature and strength. Diminutive form is Azikwe, Azikwee, Azikwi. Notable individuals with the name * Nnamdi Azikiwe (1904 – 1996) Nigerian politician, statesman, and revolutionary leader. * Flora Azikiwe (1917 – 1983) The wife of Nnamdi Azikiwe, the first First Lady of Nigeria. * Goodluck Jonathan Goodluck Ebele Azikiwe Jonathan (born 20 November 1957) is a Nigerian politician who served as the president of Nigeria from 2010 to 2015. He lost the 2015 presidential election to former military head of state General Muhammadu Buhari and ... (born 1957) Nigerian politician and a former Nigeria president. References {{given name Igbo names Igbo-language surnames Igbo given names ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
