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The Black-Market exchange rate of the naira to the U.S. dollar is approximately ₦752.50 per 1 US dollar. [when?] [68] According to a recent (June 2024) report by Naija News, the parallel market exchange rate of the naira to the U.S. dollar is around ₦1483 per 1 USD, significantly higher than the official Central Bank of Nigeria rate. This ...
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.
Nigeria has one of the largest populations in Africa with over 200 million citizens. [24] Its economy booms from the oil industry in the Niger Delta, and is said to be the leading economy in Africa in 2020. [25] Although Nigeria's economy is doing well, research has proven 35 percent of the population live in absolute poverty. [26]
The Nigerian two hundred-naira bill (₦200) is a denomination of Nigerian currency. The first Nigerian note with this value was issued in November 2000. [1] Sardauna of Sokoto Ahmadu Bello has been featured on the obverse of the bill since 2000.
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The United Nations children's agency, UNICEF, plans to commit $270 million to Nigeria's humanitarian and poverty alleviation efforts and pledged to help set up an emergency operation centre, its ...
Today, the crypto world is a fixture in the capital and has the cash to flex in the highest corridors of power—an influence set to grow after the industry gave $78 million to a trio of super PACs.
Obafemi Awolowo, a nationalist and statesman who played a key role in Nigeria's independence movement, has been featured on the obverse of the bill since 1999. An image of Zuma Rock in Niger State once appeared on the reverse of the banknote, but was replaced by a group of traditionally dressed people in the Centenary note issued on the 19th ...