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2. Nigerian naira - Wikipedia

   en.wikipedia.org/wiki/Nigerian_naira

   The Black-Market exchange rate of the naira to the U.S. dollar is approximately ₦752.50 per 1 US dollar. [when?] [68] According to a recent (June 2024) 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 ...

3. 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 ...

4. 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 ...

5. Who wins when Nigeria's richest man takes on the 'oil mafia'?

   www.aol.com/news/wins-nigerias-richest-man-takes...

   When he took over, the exchange rate was 460 naira to the US dollar. In November 2024 it was over 1,600. ... Today there are those who are critical of Mr Dangote’s tactics and amid tension with ...

6. Economy of Nigeria - Wikipedia

   en.wikipedia.org/wiki/Economy_of_Nigeria

   The US dollar exchange rate is an estimated average of the official rate throughout a year and does not reflect the parallel market rate at which the general population accesses foreign exchange. This rate ranged from a high of 520 in March 2017 to a low of 350 in August 2017, due to a scarcity of forex (oil earnings had dropped by half), and ...

7. Central Bank of Nigeria - Wikipedia

   en.wikipedia.org/wiki/Central_Bank_of_Nigeria

   The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...