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Nigerian one thousand-naira note ( ₦ 1000 or NGN 1000) is a denomination of the Nigerian currency. The one thousand-naira note was introduced in October 2005. [1] It is the highest Naira denomination. On 12 October 2005, Olusegun Obasanjo launched the ₦ 1000 note. [2]
Zero Commission on Turnover (COT), according to the Central Bank of Nigeria (CBN), is the removal of commission on all customer-induced debit transactions by Deposit Money Banks (DMBs) in the country. The Zero COT commenced in Nigeria on 1 January 2016. [1]
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]
The ten Naira note, distinguished by its orange tint, bears the likeness of Alvan Ikoku, a figure notable for his contributions to education in Nigeria.His representation on the note commemorates his pioneering efforts in establishing one of the earliest African-owned secondary schools, thus exemplifying the nation's commitment to educational development.
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
It is the world's first Hausa-language paper, and was one of northern Nigeria's first periodicals. Gaskiya Ta Fi Kwabo's first editor was Abubakar Imam. In 1941, some pages in Ajami were added to the newspaper for those who could not read the Roman script. They were called "`Yar Gaskiya" ("Daughter of Truth"). [1]
The New Incentives CCT program is run in North West Nigeria in the states of Jigawa, Katsina and Zamfara. [6] This region has one of the lowest vaccination coverages in the world, less than 25% of the infants are vaccinated. [7] In 2022, Nigeria had an estimated under-five mortality rate of 107 per 1000 live births, one of the highest in the ...
Nigerian Electricity Regulatory Commission (NERC) is an independent regulatory body with authority for the regulation of the electric power industry in Nigeria. NERC was formed in 2005 under the Obasanjo administration’s economic reform agenda through the Electric Power Sector Reform Act, 2005 for formation and review of electricity tariffs, transparent policies regarding subsidies ...