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The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately ₦767.54 per 1 US dollar. This rate is almost two times different from the illegal black market exchange rate. The Black-Market exchange rate of the naira to the U.S. dollar is approximately ₦752.50 per 1 US dollar.
The Nigerian Naira notes are the official banknotes of Nigeria, the currency of which is the Nigerian Naira (NGN). The Naira is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender in the country. [ 1][ 2]
The Exchange maintains a value-weighted All-Share Index formulated in January 1984 (January 3, 1984, = 100). Its highest value of 66,371.20 was recorded on March 3, 2008. The Exchange also uses the NSE-30 Index, which is a sample-based capitalization-weighted index, as well five sector indices.
As of January 3, 2022, effective state minimum wage rates range from US$7.25 to US$15.00 per hour, with an average of about $12.00 across all minimum wage workers as of 2019. [ 244 ] [ 245 ] [ 246 ] Local government minimum wages exist as well, the highest of which reach to $17.13 per hour.
3 10 Days in Sun City: ₦176,705,669 2017 4 30 Days in Atlanta: ₦163,351,300 2014 5: King Of Boys: 1 King of Boys: ₦244,775,758 2018 6: Merry Men: 1 Merry Men: The Real Yoruba Demons: ₦235,628,358 2018 2 Merry Men 2: Another Mission: ₦234,505,169 2019 3 Merry Men 3: Nemesis ₦117,836,230 2023 7: Living in Bondage: 1 Living in Bondage ...
As of December 2019, the bank had assets worth ₦5.9 trillion. [3] The bank's profit before tax for the twelve months ending December 31, 2019, was approximately ₦70.8 billion. For the half-year ending June 30, 2022, FBN Holdings reported that its profit before tax rose by 45 per cent compared to the same period a year earlier.
The U.S. Dollar Index ( USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [ 1] often referred to as a basket of U.S. trade partners' currencies. [ 2] The Index goes up when the U.S. dollar gains "strength" (value) when compared to other ...
Currency substitution. Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. [ 1] Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe.