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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 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.
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]
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 ...
The first National Development plan. Spanned between the years 1962–1968, with agriculture being the major priority. The major objective was developing and expanding the production and export of cash crops. But this plan only provided 42% of the capital budget to Agriculture. It looked to maintain, and if possible, surpass the average rate of ...
October 2005 – present. Nigerian one thousand-naira note ( ₦ 1000 or NGN 1000) is a denomination of the Nigerian currency. The one thousand-naira note was introduced in October 2005. [1] On 12 October 2005, Olusegun Obasanjo launched the ₦ 1000 note. [2]
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.
Foreign reserves. $38.77 billion (31 December 2017 est.) [ 19] All values, unless otherwise stated, are in US dollars. Change in per capita GDP of Nigeria, 1950–2018. Figures are inflation-adjusted to 2011 International Geary-Khamis dollars. The economy of Nigeria is a middle-income, mixed economy and emerging market [ 27][ 28] with expanding ...