Search results
Results from the WOW.Com Content Network
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.
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. However, some companies cite that budgets now include a 30% "premium" to be paid to central bank officials to get dollars. [157]
The Nigerian Stock Exchange (NSE), now Nigerian Exchange Group, is an integrated stock exchange group in Africa founded in 1961 in Lagos.Following the demutualization of the NSE in 2021, NGX Group now has 3 subsidiaries - Nigerian Exchange Limited (NGX), the operating exchange; NGX Regulation (NGX RegCo, the independent regulation company; and NGX Real Estate (NGX RelCo).
For its financial year ending September 30, SCOA reported about 5.9 billion naira, or $3.7 million, in revenue and about 25 million naira, or $15,562, in post-tax profits.
Nigeria has a market of 720,000 cars per year, but less than 20% of these are produced domestically. [196] In 2016, Nigeria was the leading cement producer south of the Sahara, ahead of South Africa. [197] Aliko Dangote, Nigeria's richest inhabitant, based his wealth on cement production, as well as agricultural commodities. [198]
Nearly 40% of 18- to 24-year-olds surveyed names New York City as the most overpriced housing market in the country. Despite higher wages, the cost of living in New York, including housing ...
Nairametrics is a Nigerian online newspaper that focuses on business and economic current affairs. It was established in 2013 by Obi-Chukwu Ugodre as a product of Nairametrics Financial Advocates Limited.
CBS News. Passenger on JetBlue flight opens door, deploys slide at Logan Airport. Sports. Sports. USA TODAY Sports. Former Baltimore Orioles pitcher Brian Matusz dies at 37. Sports. Associated Press.