Ad
related to: 35 million naira to dollars
Search results
Results From The WOW.Com Content Network
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.
Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar). In some places there is a thriving street trade by unlicensed street traders in US dollars or other stable currencies, which are seen as a hedge against local inflation. The exchange rate is ...
In 2016, the black-market exchange rate of the Naira was about 60% above the official rate. The central bank releases about $200 million each week at the official exchange rate. However, some companies cite that budgets now include a 30% "premium" to be paid to central bank officials to get dollars. [157]
AOL latest headlines, entertainment, sports, articles for business, health and world news.
The court eventually granted 10 million naira ($5,900) bail to each the defendants and imposed stringent conditions they are yet to meet, Marshal Abubakar, counsel to some of the boys, said.
The Nigerian aviation industry generated 198.62 billion naira (€400 million) in 2019, representing a contribution of 0.14% to GDP. It was the fastest-growing sector of the Nigerian economy in 2019. Passenger traffic increased from 9,358,166 in 2020 to 15,886,955 in 2021, a significant increase of over 69%.
The post What a Retirement Lifestyle With $7 Million Looks Like appeared first on SmartReads by SmartAsset. Imagine retiring with $7 million in your 401(k) or IRA. What kind of lifestyle might ...
Since inception, $1.35 million of grant has been given to 110 recipients from 28 African countries. [ 9 ] In 2023, the Future Africa Leaders Foundation donated 500 million naira to the development of the Olusegun Obasanjo Presidential Library in Ogun State, Nigeria.