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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.
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 manufacturing, financial, service, communications, technology, and entertainment sectors. [29] [30] It is ranked as the 39th-largest economy in the world in terms of ...
Petroleum industry in Nigeria. Nigeria is the second largest oil and gas producer in Africa (after Angola ). [1] Crude oil from the Niger Delta basin comes in two types: light, and comparatively heavy – the lighter has around 36 of API gravity while the heavier has 20–25 of API gravity. Both types are paraffinic and low in Sulphur. [2]
Typical diesel generator widely used in Nigeria due to lack of supply from the grid. The Nigerian energy supply crisis refers to the ongoing failure of the Nigerian power sector to provide adequate electricity supply to domestic households and industrial producers despite a rapidly growing economy, some of the world's largest deposits of coal, oil, and gas and the country's status as Africa's ...
Federal Road Safety Corps. No. 4 Maputo Street. Zone 3, Wuse, Abuja, Nigeria. Federal Road Safety Corps is the Government Agency with statutory responsibilities for road safety administration in Nigeria. Founded in 1988, [1] the Federal Road Safety Corps (FRSC) operates in all Nigerian states as well as the Federal Capital Territory and is the ...
Poverty in Nigeria. Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in ...
The Federal Highway System of Nigeria also known as Trunk A national roads connects economic and political centers within the country, in addition it links Nigeria with its neighboring countries.These roads are constructed and maintained by the Federal Government of Nigeria through the Federal Ministry of Works and the Federal Roads Maintenance ...
Jeff Nerby, with Arrow-Crete Construction, on a hot and humid day while working in Milwaukee, Wisconsin on June 17, 2024. - Mike De Sisti/The Milwaukee Journal Sentinel/USA Today Network/Reuters
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