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  2. Economy of Nigeria - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Nigeria

    In 2005, Nigeria posted a US$26 billion trade surplus, corresponding to almost 20% of gross domestic product. In 2005, Nigeria achieved a positive current account balance of US$9.6 billion. The Nigerian currency is the naira (NGN). As of June 2006, the exchange rate was about US$1=NGN128.4. As of June 2019, it stands at US$1 =NGN357.

  3. Nigeria and the International Monetary Fund - Wikipedia

    en.wikipedia.org/wiki/Nigeria_and_the...

    Due to external international forces, including the Russian invasion of Ukraine and COVID-19, [6] and internal forces such as high oil subsidies, economic inefficiencies, and plunging oil prices, [7] Nigeria has sought the assistance of the IMF on several occasions. Since the beginning of Nigeria's relationship with the IMF, it has participated ...

  4. Trade-to-GDP ratio - Wikipedia

    en.wikipedia.org/wiki/Trade-to-GDP_ratio

    The trade-to-GDP ratio is an indicator of the relative importance of international trade in the economy of a country. It is calculated by dividing the aggregate value of imports and exports over a period by the gross domestic product for the same period.

  5. 2014 Nigeria GDP rebasing - Wikipedia

    en.wikipedia.org/wiki/2014_Nigeria_GDP_rebasing

    The base year for calculation (including information on the market structure) was updated from 1990 to 2010. [3] [2] This was a fairly huge increment in base year; for comparison, the 2010 Ghana GDP rebasing updated the base year from 1993 to 2006, [6] [7] and the 2015 India GDP rebasing updated the base year from 2004/05 to 2011/12.

  6. Foreign relations of Nigeria - Wikipedia

    en.wikipedia.org/wiki/Foreign_relations_of_Nigeria

    Since independence, with Jaja Wachuku as the first Minister for Foreign Affairs and Commonwealth Relations, later called External Affairs, Nigerian foreign policy has been characterised by a focus on Africa as a regional power and by attachment to several fundamental principles: African unity and independence; capability to exercise hegemonic influence in the region: peaceful settlement of ...

  7. Survey: Small businesses are feeling more optimistic about ...

    www.aol.com/survey-small-businesses-feeling-more...

    A recent survey shows small business owners are feeling more optimistic about the economy following the election. The Uncertainty Index declined 12 points in November to 98, following October’s ...

  8. China–Nigeria relations - Wikipedia

    en.wikipedia.org/wiki/China–Nigeria_relations

    China is also one of Nigeria's important trading and export partners. Although Nigeria maintains trade relations with Taiwan , and has a representative office in Taipei , it issued a joint communiqué with China in 2005, reaffirming that Beijing was "the only legitimate government representing the whole of China and Taiwan is an unalienable ...

  9. International trade - Wikipedia

    en.wikipedia.org/wiki/International_trade

    International trade is, in principle, not different from domestic trade as the motivation and the behavior of parties involved in a trade do not change fundamentally regardless of whether trade is across a border or not. However, in practical terms, carrying out trade at an international level is typically a more complex process than domestic ...

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