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The 2023 Nigerian currency crisis was precipitated by a shortage of cash currency (the naira) and an attempt by the Nigerian government to force citizens to use a newly created government-sponsored central bank digital currency. This led to extensive street protests in mid-February 2023.
Old Nigerian currency. 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 ten Naira note, distinguished by its orange tint, bears the likeness of Alvan Ikoku, a figure notable for his contributions to education in Nigeria.His representation on the note commemorates his pioneering efforts in establishing one of the earliest African-owned secondary schools, thus exemplifying the nation's commitment to educational development.
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Until 1958, Nigeria used the British West African pound, after which it issued its own currency. The pound was subdivided into 20 shillings , each of 12 pence . The Nigerian pound, at parity with sterling with free convertibility, [ 1 ] was replaced in 1973 with the decimal naira at a rate of £1 = ₦2, [ 2 ] making Nigeria the last country to ...
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]
News. Shopping. Main Menu ... sold a rare 1958 batch “doubled die” penny for $1.136 ... which estimates that they could be worth tens of thousands of dollars each. 1955 Doubled Die Cent. One ...