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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 ...
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 ...
Nigerian Exchange Group Plc. The Nigerian Stock Exchange ( NSE ), now Nigerian Exchange Group, is a stock exchange founded in 1961 in Lagos. As of November 2019, it has a total of 161 listed companies, with 8 domestic companies on the premium board, 144 companies on the mainboard, and 4 on the Alternative Securities Market (ASeM) board. [ 1]
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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 ...
A fintech startup, Prospa wants to change that and has begun to tap into this market. In March, the company was one of the 10 African startups participating in Y Combinator’s winter batch.A f ew ...
The pound, which traded at LS 47 to the dollar before the 2011 uprising, plunged to over LS 3,000 to the dollar. Prices of basic goods have skyrocketed and some staples have disappeared from the market as merchants and the public struggled to keep up with the rising cost of living.
To buy a share in Amazon, you’d have to fork out almost $3,000. It’s a luxury very few can afford and despite the prospects of the trillion-dollar company or returns from its share price, it ...