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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 rate of the currencies as well the as gold price of the reported date is considered while calculating U.S.$ equivalents. Not all countries keep gold as reserves to avoid physical storage costs & the risks associated with it, hence there are no values in excluding gold column. Sorting the data in desirable column would provide rankings.
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 ...
Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa’s biggest economy hopes will help woo investors and stabilize the local currency. The ...
On Wednesday, local media reported that Nigeria’s telecom regulator, the Nigerian Communications Commission (NCC), received instructions from the country’s apex bank to suspend access to ...
Grey has grown to transact north of $1 million monthly. It takes a 1% transaction fee capped at N3,000 (~$6). About traction, Obong told TechCrunch that from December 2021 to January 2022, the ...
The first attempt at an IXP in Nigeria - Ibadan Internet Exchange (Ib-IX) - was in 2003. This was a layer-2 infrastructure, precisely, a 24-port 10/100 Mbit/s switch and a route server with two Ibadan based ISPs – SKANNET and Steineng Ltd- as members. The maximum recorded traffic between these two ISPs was about 1 MB.
This is a list of countries by their exchange rate regime. [ 1] De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund. Floating ( floating and free floating) Soft pegs ( conventional peg, stabilized arrangement, crawling peg, crawl-like arrangement, pegged exchange rate within horizontal bands) Hard pegs ...