Search results
Results from the WOW.Com Content Network
World ranking Name Citizenship Net worth Sources of wealth 100: Aliko Dangote Nigeria 10.3 Billion: Sugar, flour, cement 365: Mike Adenuga Nigeria 9.2 Billion: Telecommunication, petroleum
The Nigeria Sovereign Investment Authority is a Nigerian establishment which manages the Nigeria sovereign wealth fund, [4] into which the surplus income produced from Nigeria's excess oil reserves is deposited. This sovereign wealth fund was founded for the purpose of managing and investing these funds on behalf of the government of Nigeria.
The Nigeria Deposit Insurance Corporation (NDIC) is a statutory body established by NDIC Act No. 16 of 2006 with exclusive mandate of administering the Deposit Insurance System (DIS) in Nigeria. As one of the components of the nation's financial safety-net arrangement, the NDIC has the responsibility of protecting depositors and guaranteeing ...
The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market. It is supervised by the Federal Ministry of Finance. [1] The Nigerian Stock Exchange (NSE) is privately owned and self-regulating, but the SEC maintains surveillance over it with the mandate of ensuring orderly and equitable dealings in securities, and protecting the market against ...
The naira was introduced on 1 January 1973, [9] replacing the Nigerian pound at a rate of £1 = ₦2. [10] The coins of the new currency were the first coins issued by an independent Nigeria, as all circulating coins of the Nigerian pound were all struck by the colonial government of the Federation of Nigeria in 1959, with the name of Queen ...
Nigeria is a federal republic in West Africa, bordering Benin in the west, Chad and Cameroon in the east, and Niger in the north. As of 2015 Nigeria has the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. It overtook South Africa to become Africa's ...
The Nigerian Stock Exchange (NSE), now Nigerian Exchange Group, is an integrated stock exchange group in Africa founded in 1961 in Lagos.Following the demutualization of the NSE in 2021, NGX Group now has 3 subsidiaries - Nigerian Exchange Limited (NGX), the operating exchange; NGX Regulation (NGX RegCo, the independent regulation company; and NGX Real Estate (NGX RelCo).
The Nigerian Financial Intelligence Unit (NFIU) is the financial intelligence unit of Nigeria, responsible for collecting and analyzing disclosures from reporting organizations, in order to produce financial intelligence to other agencies combating money laundering, terrorism financing, and other financial crimes. [1][2] The agency serves as ...