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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. [69] According to a recent 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 disparity highlights ...
The $2 billion arms deal, or Dasukigate, [ 1] is an arms procurement deal in Nigeria that resulted in the embezzlement of $2 billion through the office of the National Security Adviser under the leadership of Colonel Sambo Dasuki, the former National Security Adviser. [ 2] The illegal deal was revealed following an interim report of the ...
The five countries with the largest foreign exchange reserves almost all have reserves of at least 500 billion USD and higher and have maintained such an amount for at least a week. At present there are only six countries whose reserves are at such a figure; this includes China, Japan, Switzerland, India, Russia and Taiwan.
The following are the highest-grossing Nigerian films of all time in Nigerian cinemas.Revenues from special screenings, DVD sales, online streaming and theatrical screenings outside English-speaking West Africa are excluded from this gross total.
But businesses with turnovers exceeding ₦100,000 pay fees between ₦3,000 (~$6) and ₦ ... in the U.S. where you can basically grow a billion-dollar company just serving YC companies. We don ...
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 ...
Following two years of significant growth and raising $2.4 million to facilitate it, the investment firm is announcing that it has raised $15 million in a new financing round. U.S.-based Greycroft ...
Website. ubagroup.com. United Bank for Africa Plc ( UBA) is a multinational pan-African financial services group headquartered in Lagos Island, Lagos and known as Africa’s Global Bank. It has subsidiaries in 20 African countries and offices in London, Paris and New York. [ 3] In December 2021, UBA received its banking license to commence ...