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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.
2016 [13]; World ranking Name Citizenship Net worth Sources of wealth 51: Aliko Dangote Nigeria 9.5 billion: Oil, sugar cement 103: Mike Adenuga Nigeria 5.2 billion: Telecommunication, petroleum
The country is also well connected to international financial markets and following the 2016–17 oil crisis, the country has seen an increasing influx of foreign capital over the past 12–18 months – capital importation in Nigeria jumped to US$6.3 billion in Q1–18 (594% yoy growth) vs. $12.3 billion for full year 2017 and $5.1 billion in ...
A billionaire is a person with a net worth of at least one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultra high-net-worth individual .
Diversion of 60% of $1 billion foreign loans obtained from the Chinese by the Ministry of Finance [71] Enormous scam in weapons and defence procurements, and misuse of 3 trillion naira defence budget since 2011 under the guise of fighting Boko Haram [72] Diversion of $2.2 million vaccination medicine fund, by Ministry of Health [73]
The firm's net profit rose 183.4% to S$1.3 billion ($968.85 million) for the three-month period ended December 31, from S$465 Singtel's quarterly earnings nearly triple, shares hover around six ...
Aliko Dangote (born 10 April 1957) is a Nigerian businessman and philanthropist. Born in Kano to a wealthy Hausa family, he was educated in Kano, and was the great-grandson of Alhassan Dantata, the richest person in West Africa at the time of his death in 1955.
Other billionaires of African descent on the 2021 Forbes list included Nigerian businessman Mike Adenuga with $6.1 billion, American investor Robert Smith with $12.0 billion, American businessman David Steward with $12.8 billion, American media mogul Oprah Winfrey with $3.7 billion, South African gold magnate Patrice Motsepe with $3.2 billion ...