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₦20
The naira (sign: ₦; code: NGN) is the currency of Nigeria. One naira is divided into 100 ''kobo''. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency Operations Department of the CBN is in charge of currency management, through the designs, procurement, distribution and supply, processing, reissue and disposal or disintegration of bank notes and coins. History The naira was introduced on 1 January 1973, replacing the Nigerian pound at a rate of £1 = ₦2 naira. The coins of the new currency were the first coins issued by an independent Nigeria, as all circulating coins of the Nigerian pound were all struck by the colonial government of the Federation of Nigeria in 1959, with the name of Queen Elizabeth II on the obverse. This also made Nigeria the last country in the world to abandon the £ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
₦20
The naira (sign: ₦; code: NGN) is the currency of Nigeria. One naira is divided into 100 ''kobo''. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency Operations Department of the CBN is in charge of currency management, through the designs, procurement, distribution and supply, processing, reissue and disposal or disintegration of bank notes and coins. History The naira was introduced on 1 January 1973, replacing the Nigerian pound at a rate of £1 = ₦2 naira. The coins of the new currency were the first coins issued by an independent Nigeria, as all circulating coins of the Nigerian pound were all struck by the colonial government of the Federation of Nigeria in 1959, with the name of Queen Elizabeth II on the obverse. This also made Nigeria the last country in the world to abandon the £ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Two-hundred-naira Note
The Nigerian two hundred-naira bill (₦200) is a denomination of Nigerian currency. The first Nigerian note with this value was issued in November 2000. Sardauna of Sokoto Ahmadu Bello has been featured on the obverse of the bill since 2000. On the reverse of the banknote is a pyramid of agricultural commodity, livestock farming, the National Coat of Arms, yellow trumpet flowers, and the denomination. The bills are also commonly referred to as ''20 faiba'', indicating that it is ₦10 in 20 places. Redesign On the 23rd of October 2022, the governor of the Central Bank of Nigeria, Godwin Emefiele Godwin Emefiele is a Nigerian banker who has been serving as the Governor of the Central Bank of Nigeria since 4 June 2014. Born on 4 August 1961 in Lagos State, Nigeria, Emefiele is originally from Ika South, Agbor region of Delta State. Educat ... announced that the ₦200, ₦500, and ₦1000 notes would be redesigned to reduce counterfeiting and corruption. The new notes were un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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. 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 and financial adviser to the federal government. The central bank's role as lender of last resort and adviser to the federal government has sometimes pushed it into murky regulatory waters. After the end of imperial rule the desire of the government to become pro-active in the development of the economy became visible especially after the end of the Nigerian civil war, the bank followed the government's desire and took a determined effort to supplement any show shortfalls, credit allocations to the real sector. The bank became involved in lending directly to consumers, contravening its original ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federation Of Nigeria
The Federation of Nigeria was a predecessor to modern-day Nigeria from 1954 to 1963. It was a British protectorate until its independence on 1 October 1960. British rule of Colonial Nigeria ended in 1960, when the ''Nigeria Independence Act 1960'' made the federation an independent sovereign state. Elizabeth II remained head of state as the Queen of Nigeria, as well as other dominions and commonwealth realms. Her constitutional roles in Nigeria were exercisable by the Governor-General of Nigeria. Three people held the office of governor-general during the whole existence of the Federation of Nigeria: # Sir John Stuart Macpherson 1954 - 15 June 1955 # Sir James Wilson Robertson 15 June 1955 - 16 November 1960 # Dr. Nnamdi Azikiwe 16 November 1960 – 1 October 1963 Sir Abubakar Tafawa Balewa held office as prime minister (and head of government). The Federal Republic of Nigeria came into existence on 1 October 1963.Nigeria Republic Act 1963, c. 57 The monarchy was abolished and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Fifty-naira Note
The Nigerian fifty-naira note (₦ 50 or NGN 50) is a denomination of the Nigerian currency. When the note was introduced in October of 1991, it was the banknote with the highest denomination in Nigeria at the time. References {{Nigeria-stub Currencies introduced in 1991 Currencies of Nigeria Economy of Nigeria ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sanusi Lamido Sanusi
Sanusi Lamido Sanusi (Ajami: سنوسي لاميط سنوسي, ''Muhammadu Sanusi na biyu''; born 31 July 1961), known by the religious title Khalifa Sanusi II (Ajami: خليفة السنوسي), is a spiritual leader in the Tijanniyah Sufi order of Nigeria. He is a member of the Dabo dynasty and was emir ('' sarki'') of the ancient city-state of Kano. He was born in Kano in 1961 into the royal family as the grandson of Muhammadu Sanusi I. He succeeded his great-uncle Ado Bayero to the throne on 8 June 2014, and spent most of his reign advocating for cultural reform in Northern Nigeria, until his dethronement on 9 March 2020 by the kano state government. Sanusi is a prominent traditional and religious figure in West Africa. As the Khalifa of the Tijaniyyah Sufi order of Nigeria, he arguably has a politico-spiritual authority over the second largest Sufi order, with over 30 million adherents. He grew up in the royal palace of his grand-uncle, and as a youth received both religi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vanguard Nigeria
''Vanguard'' is a daily newspaper published by Vanguard Media, based in Lagos, Nigeria. Vanguard Media was established in 1984 by veteran journalist Sam Amuka-Pemu with three friends. The paper has an online edition. It is one of the few newspapers in Nigeria considered independent from political control, the others being This Day, The Punch, The Sun and The Guardian. In June 1990, the paper was briefly suspended by Col. Raji Rasaki, Military Governor of Lagos State. In December 2008, the US-based ''Pointblanknews.com'' published a story that alleged the wife of the publisher of Vanguard Newspapers was involved in a ritual killing. ''The Vanguard'' took the reporter to court, claiming he was attempting extortion. In December 2009, a Niger Delta The Niger Delta is the delta of the Niger River sitting directly on the Gulf of Guinea on the Atlantic Ocean in Nigeria. It is located within nine coastal southern Nigerian states, which include: all six states from the South Sout ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Polymer Banknote
Polymer banknotes are banknotes made from a synthetic polymer such as biaxially oriented polypropylene (BOPP). Such notes incorporate many security features not available in paper banknotes, including the use of metameric inks. Polymer banknotes last significantly longer than paper notes, causing a decrease in environmental impact and a reduced cost of production and replacement. Modern polymer banknotes were first developed by the Reserve Bank of Australia (RBA), Commonwealth Scientific and Industrial Research Organisation (CSIRO) and The University of Melbourne. They were first issued as currency in Australia during 1988 (coinciding with Australia's bicentennial year); by 1996, the Australian dollar was switched completely to polymer banknotes. Romania was the first country in Europe to issue a plastic note in 1999 and became the third country after Australia and New Zealand to fully convert to polymer by 2003. Other currencies that have been switched completely to polymer b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian One Thousand-naira Note
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. On 12 October 2005, Olusegun Obasanjo Chief Olusegun Matthew Okikiola Ogunboye Aremu Obasanjo, , ( ; yo, Olúṣẹ́gun Ọbásanjọ́ ; born 5 March 1937) is a Nigerian political and military leader who served as Nigeria's head of state from 1976 to 1979 and later as its pres ... launched the ₦ 1000 note. References {{Nigeria-stub Currencies of Nigeria Currencies introduced in 2005 Economy of Nigeria ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In US law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property". In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Old Nigerian Currencies
Old or OLD may refer to: Places *Old, Baranya, Hungary *Old, Northamptonshire, England *Old Street station, a railway and tube station in London (station code OLD) *OLD, IATA code for Old Town Municipal Airport and Seaplane Base, Old Town, Maine, United States People *Old (surname) Music *OLD (band), a grindcore/industrial metal group * ''Old'' (Danny Brown album), a 2013 album by Danny Brown * ''Old'' (Starflyer 59 album), a 2003 album by Starflyer 59 * "Old" (song), a 1995 song by Machine Head *''Old LP'', a 2019 album by That Dog Other uses * ''Old'' (film), a 2021 American thriller film *''Oxford Latin Dictionary'' *Online dating *Over-Locknut Distance (or Dimension), a measurement of a bicycle wheel and frame *Old age See also *List of people known as the Old * * *Olde, a list of people with the surname *Olds (other) Olds may refer to: People * The olds, a jocular and irreverent online nickname for older adults * Bert Olds (1891–1953), Australian rules ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
