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  2. Nigerian naira - Wikipedia

    en.wikipedia.org/wiki/Nigerian_naira

    When the naira was introduced, it had an official exchange rate of US$1.52 for ₦1, though a currency black market existed in which the naira traded at a discount relative to the official exchange rate. The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately ₦767.54 per 1 US dollar.

  3. Economy of Nigeria - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Nigeria

    2025 1,564.9 6,706 195.0 835 3.2% 25.0% 50.0% 2026 1,641.5 6,866 ... In 2016, the black-market exchange rate of the Naira was about 60% above the official rate. The ...

  4. List of countries by exchange rate regime - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...

  5. Nigeria suing Binance for $81.5 billion in economic losses ...

    www.aol.com/news/nigeria-seeks-81-5-billion...

    Nigeria has filed a lawsuit seeking to compel cryptocurrency exchange Binance to pay $79.5 billion for economic losses it says were caused by its operations in the country and $2 billion in back ...

  6. Nigeria's Tinubu swears in 45 ministers amid concerns over ...

    www.aol.com/news/nigerias-tinubu-swears-45...

    Nigerian President Bola Tinubu on Monday swore in 45 ministers to a new cabinet that must get to grips with tackling the problems of sluggish growth, a weak currency and high inflation in Africa's ...

  7. List of circulating fixed exchange rate currencies - Wikipedia

    en.wikipedia.org/wiki/List_of_circulating_fixed...

    This is a list of circulating fixed exchange rate currencies, ... This page was last edited on 19 February 2025, at 07:57 (UTC).

  8. List of currencies in Africa - Wikipedia

    en.wikipedia.org/wiki/List_of_currencies_in_Africa

    The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal. [ citation needed ] In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (following the principle that one can ...

  9. Fed cuts rates by quarter point, scales back cuts for 2025 - AOL

    www.aol.com/finance/wall-street-betting-fed...

    A rate hike in 2025 "doesn’t appear to be a likely outcome." The Fed projects a strong US economy in 2025 with no recession ahead. Inflation is now expected to hit the 2% target later, by 2027.