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In the IANA time zone database, Nigeria is given one zone in the file zone.tab—Africa/Lagos. Lagos is Nigeria's capital city. "NG" refers to the country's ISO 3166-1 alpha-2 country code. Data for Nigeria directly from zone.tab of the IANA time zone database; columns marked with * are the columns from zone.tab itself: [8]
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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 ...
The Central Bank of Nigeria claimed that they attempted to control the annual inflation rate below 10%. In 2011, the CBN increased key interest rate six times, rising from 6.25% to 12%. On 31 January 2012, the CBN decided to maintain the key interest rate at 12%, in order to reduce the impact of inflation due to a reduction in fuel subsidies. [14]
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Lagos (/ ˈ l eɪ ɡ ɒ s / LAY-goss; [10] [11] also US: / ˈ l ɑː ɡ oʊ s / LAH-gohss; [11] [12] Yoruba: Èkó), or Lagos City, is a large metropolitan city in southwest Nigeria.With an upper population estimated above 21 million dwellers, it is the largest city in Nigeria, and the most populous urban area on the African continent.
Lagos has a Tropical wet and dry or savanna climate. The city's yearly temperature is 28.67 °C (83.61 °F) and it is -0.79% lower than Nigeria's averages. Lagos typically receives about 132.01 millimeters (5.2 inches) of precipitation and has 193.63 rainy days (53.05% of the time) annually. [73]
Rank State HDI (2022) High human development 1 Lagos: 0.721 2 Ebonyi: 0.706 Medium human development 3 Imo: 0.693 4 Federal Capital Territory: 0.678 5