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When the naira was introduced, it had an official exchange rate of US$1.52 for ₦1, though a currency black market existed in which the naira traded at a discount relative to the official exchange rate. The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately ₦767.54 per 1 US dollar.
The CBN has implemented measures to prevent the abuse of the naira, including: Educating the public on the importance of handling the naira with care. Implementing penalties for those found guilty of abusing the naira. Encouraging the use of alternative payment methods, such as digital payments, to reduce the handling of physical cash.
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High-yield savings rates for January 17, 2025. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 4.75% APY with no minimums at ...
High-yield savings rates for January 7, 2025. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 4.80% APY with no minimums at Jenius ...
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. [ 1 ]
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. [1] Sardauna of Sokoto Ahmadu Bello has been featured on the obverse of the bill since 2000.
High-yield savings rates for November 6, 2024. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 5.10% APY with no minimums at Patriot ...