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Nigerian Naira
The naira (currency sign, sign: ₦; ISO 4217, 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 Nigeria, colonial government of the Federation of Nigeria in 1959, with the name of Elizabeth II, Queen Elizabeth II on the obverse. This also made ... [...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] |
Colonial Nigeria
Colonial Nigeria was ruled by the British Empire from the mid-nineteenth century until 1960 when Nigeria achieved independence. British influence in the region began with the prohibition of slave trade to British subjects in 1807. Britain annexed Lagos in 1861 and established the Oil River Protectorate in 1884. British influence in the Niger area increased gradually over the 19th century, but Britain did not effectively occupy the area until 1885. Other European powers acknowledged Britain's dominance over the area in the 1885 Berlin Conference. From 1886 to 1899, much of the country was ruled by the Royal Niger Company, authorised by charter, and governed by George Taubman Goldie. In 1900, the Southern Nigeria Protectorate and Northern Nigeria Protectorate passed from company hands to the Crown. At the urging of Governor Frederick Lugard, the two territories were amalgamated as the Colony and Protectorate of Nigeria, while maintaining considerable regional autonomy among ... [...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] |
Shehu Shagari
Shehu Usman Aliyu Shagari (25 February 1925 – 28 December 2018), titled Turakin Sokoto from 1962, was the first democratically elected President of Nigeria, after the transfer of power by military head of state General Olusegun Obasanjo in 1979 giving rise to the Second Nigerian Republic. An experienced politician, he briefly worked as a teacher before entering politics in 1951; and was elected into the House of Representatives in 1954. At various times between 1958 through independence of Nigeria in 1960 and 1975, he held a cabinet post as a federal commissioner or as a federal minister. As President, Shagari presided over the mass deportation of West African migrants in 1983, which primarily impacted Ghanaian migrants in Nigeria. Early years Shehu Usman Shagari was born on 25 February 1925 in Shagari to a Sunni Muslim Fulani family. Shagari was founded by his great-grandfather, Ahmadu Rufa'i. He was raised in a polygamous family, and was the sixth child born into th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Obafemi Awolowo
Chief Obafemi Jeremiah Oyeniyi Awolowo (; 6 March 1909 – 9 May 1987) was a Yoruba nationalist and Nigerian statesman who played a key role in Nigeria's independence movement (1957-1960). Awolowo founded the Yoruba nationalist group Egbe Omo Oduduwa, and was the first Leader of Government Business and Minister of Local Government and Finance, and first Premier of the Western Region under Nigeria's parliamentary system, from 1952 to 1959. He was the official Leader of the Opposition in the federal parliament to the Balewa government from 1959 to 1963. As a young man he was an active journalist, editing publications such as the Nigerian worker, on top of others as well. After receiving his bachelors of commerce degree in Nigeria, he traveled to London to pursue his degree in law. Obafemi Awolowo was the first premier of the Western Region and later federal commissioner for finance, and vice chairman of the Federal Executive Council during the Nigerian Civil War. He was thr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
