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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.
This also made Nigeria the last country in the world to abandon the £sd currency system in favour of a decimal currency system. There was a government plan to redenominate the naira at 100:1 in 2008, but the plan was suspended. The currency sign is U+20A6 ₦ NAIRA SIGN. The name "Naira" was coined from the word "Nigeria" by Obafemi Awolowo.
Copra has traditionally been grated and ground, then boiled in water to extract coconut oil. It was used by Pacific island cultures and became a valuable commercial product for merchants in the South Seas and South Asia in the 1860s. Nowadays, coconut oil (70%) is extracted by crushing copra; the by-product is known as copra cake or copra meal ...
The economic history of Nigeria falls into three periods. They are the: pre-colonial, the colonial and the post-colonial or independence periods. [ 1 ] The pre-colonial period covers the longest the part of Nigerian history.
The history of Nigeria can be traced to the earliest inhabitants whose date remains at least 13,000 BC through the early civilizations such as the Nok culture which began around 1500 BC. Numerous ancient African civilizations settled in the region that is known today as Nigeria, such as the Kingdom of Nri, [1] the Benin Kingdom, [2] and the Oyo ...
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 ...
USA TODAY Sports. NFL playoff picture, clinching scenarios: Where things currently stand. Sports. Associated Press. Jokic overcomes slow start for triple-double in the Nuggets' 132-129 OT win over ...
Nigeria and her important dates, 1900-1966. 1966. Day to day events in Nigeria : a diary of important happenings in Nigeria from 1960-1970. 1982. Twenty-one years of independence : a calendar of major political and economic events in Nigeria, 1960-1981. 1982. Institut für Afrika-Kunde; Rolf Hofmeier, eds. (1990). "Nigeria".