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At its peak, the Sokoto Caliphate was the most populous state in Africa. [13] Sokoto Caliphate remained a defining and reference point in West African history and Nigeria. [14] The Caliphate occupied most of north-central and north-west Nigeria, as well as parts of neighboring countries of nowadays Nigeria. [14]
Inflation and gdp growth in Nigeria, 2015 - 2021, Source: National Bureau of Statistics. 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.
This article relies excessively on references to primary sources. Please improve this article by adding secondary or tertiary sources . Find sources: "National Bureau of Statistics, Nigeria" – news · newspapers · books · scholar · JSTOR ( March 2010 ) ( Learn how and when to remove this message )
The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. [3] [4] It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency Operations Department of the CBN is in charge of currency management, through the designs ...
SA History Online - reliable source for a range of history related topics; Institute for Security Studies - does good research on security related topics in Africa. Africa Check - fact checking organisation
Nigeria's history of public debt dates back to the colonial era, when the country was under the rule of Britain. The first recorded instance of public borrowing by Nigeria was in 1923-1924. [ 10 ] This financial arrangement amounted to approximately £5.7 million, carrying an annual interest rate of 2.5 per cent, and was structured for ...
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...