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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 ...
Net worth Sources of wealth Aliko Dangote Nigeria: 8.3 Billion: Sugar, flour, cement, household consumables Mike Adenuga Nigeria: 5.7 Billion: Telecommunication, petroleum: Pascal G. Dozie Nigeria: 4.9 Billion: Owner Diamond Bank, Chairman Pan-Atlantic University: Abdul Samad Rabiu Nigeria: 3.1 Billion [9] Cement, Sugar Orji Uzor Kalu Nigeria ...
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 ...
Doris Nkiriuka Anite, Nigeria's Minister of Industry, Trade and Investment, said on Saturday the unrest was costing the economy more than 500 billion naira ($324.68 million) a day.
July 24, 2024 at 9:23 PM. After Kate Rackham learned she had breast cancer at 38 years old, she began volunteering with cancer charities to raise awareness for breast cancer in young people. She ...
The estimates can therefore differ from other estimates, like the national poverty rate. Nigeria is the country with the most people living in extreme poverty worldwide since 2019, overtaking much more populous India. [1] The poverty rate in Nigeria remains one of the world's highest and is especially high in the north of the country.
Georgia O'Keeffe holds the record for the highest price paid for a painting by a woman. On November 20, 2014 at Sotheby's, the Crystal Bridges Museum of American Art bought her 1932 painting Jimson Weed/White Flower No. 1 for US$44.4 million (equivalent to US$57.2 million in 2023). [14] [15] Among the listed top 89, only six are paintings by ...
In macroeconomics and economic policy, a floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency 's value is allowed to fluctuate in response to foreign exchange market events. [1] A currency that uses a floating exchange rate is known as a floating currency, in ...