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On March 16, 2000, a devastating fire broke out in the Sheik Abubakar Mahmud Gumi Market in Kaduna State, [citation needed] causing significant damage to the traders' shops and resulting in the loss of stalls, money, and goods worth millions of Nigerian naira.
The price of petrol has increased from 65 naira ($0.40; £0.26) per litre to at least 141 naira in filling stations [6] and from 100 naira to at least 200 naira on the black market, from which many Nigerians buy their fuel.
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]
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.
But the rise of technology has led to an evolved "black market" -- and rather than exotic animals and tangible exports, data like credit card information and even streaming accounts are up for grabs.
Allder told Medical News Today that the findings should reassure older adults, adding: “The study clearly shows that antibiotic use does not increase the risk of cognitive impairment or dementia ...
The 2023 Nigerian currency crisis was precipitated by a shortage of cash currency (the naira) and an attempt by the Nigerian government to force citizens to use a newly created government-sponsored central bank digital currency. This led to extensive street protests in mid-February 2023.
Kate Middleton’s return to greeting the public on Christmas Day was a poignant moment, not just for her, but for the many who had been eagerly awaiting her comeback after a difficult year. For ...