Search results
Results from the WOW.Com Content Network
Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency. [1] Most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the dollar circulating freely alongside weaker local currencies could be very problematic, risking severe inflation.
In addition to printing the banknotes and the postal orders of Nigeria, it has struck some of the coins of Nigeria. It also prints stamps. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation. It controls the volume of money supply in the economy in order to ensure monetary and price stability.
On 1 January 1973, the Central Bank of Nigeria introduced notes for 50 kobo, ₦1, ₦5, ₦10 and ₦20: in April 1984, the colors of all naira banknotes were changed in an attempt to control money laundering. [12] In 1991, ₦50 notes were issued, while the 50 kobo and ₦1 notes were replaced by coins in 1991.
The Stinger is a portable surface-to-air defense system that can be carried and fired by troops or mounted to a vehicle and used as short-range defense against aircraft. The Raytheon-produced system was one of the first weapons the U.S. shipped to Ukraine following Russia's 2022 invasion.
Sambo Dasuki, the National Security Adviser who allegedly masterminded the $2 billion arms deal. The $2 billion arms deal, or Dasukigate, [1] is an arms procurement deal in Nigeria that resulted in the embezzlement of $2 billion through the office of the National Security Adviser under the leadership of Colonel Sambo Dasuki, the former National Security Adviser. [2]
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. [1] [2] [3]
On 10 November, the $400-million aid announcement was clarified; four Stinger-based air defense AN/TWQ-1 Avengers to counter the Iranian drones were provided to Ukraine for the first time, as were additional HIMARS rockets, 10,000 mortar rounds, thousands of 155 mm howitzer rounds, 400 grenade launchers, 100 Humvees, 20 million rounds of small ...
The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.