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At its peak, the Sokoto Caliphate was the most populous state in Africa. [13] Sokoto Caliphate remained a defining and reference point in West African history and Nigeria. [14] The Caliphate occupied most of north-central and north-west Nigeria, as well as parts of neighboring countries of nowadays Nigeria. [14]
Inflation and gdp growth in Nigeria, 2015 - 2021, Source: National Bureau of Statistics. In 2016, the black-market exchange rate of the Naira was about 60% above the official rate. The central bank releases about $200 million each week at the official exchange rate.
Nigeria's history of public debt dates back to the colonial era, when the country was under the rule of Britain. The first recorded instance of public borrowing by Nigeria was in 1923-1924. [ 10 ] This financial arrangement amounted to approximately £5.7 million, carrying an annual interest rate of 2.5 per cent, and was structured for ...
A History of Nigeria. Cambridge University Press, 2008. ISBN 978-0-511-39712-7; Muslim Civic Cultures and Conflict Resolution: The Challenge of Democratic Federalism in Nigeria — John N. Paden; Oriji, John N. Political Organization in Nigeria Since the Late Stone Age: A History of the Igbo People. New York: Palgrave Macmillan (St. Martin's ...
History in Africa. 21: 435– 440. doi:10.2307/3171900. JSTOR 3171900. S2CID 161149360. National Archives of Nigeria (1995), Guide to Sources of Nigerian History, Lagos, ISBN 978-9783343801 {}: CS1 maint: location missing publisher ; published in 21st century. Abiola Abioye (2007).
This article relies excessively on references to primary sources. Please improve this article by adding secondary or tertiary sources . Find sources: "National Bureau of Statistics, Nigeria" – news · newspapers · books · scholar · JSTOR ( March 2010 ) ( Learn how and when to remove this message )
The history of the territories which since ca. 1900 have been known under the name of Nigeria during the pre-colonial period (16th to 18th centuries) was dominated by several powerful West African kingdoms or empires, such as the Oyo Empire and the Islamic Kanem-Bornu Empire in the northeast, and the Igbo kingdom of Onitsha in the southeast and ...
The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. [3] [4] 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 ...