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Nigerian Naira
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. A major cash crunch occurred in February 2023 when the Nigerian government used a currency note changeover—delivering too few of the new notes into circulation—to attempt to force citizens to use a newly created government-sponsored central bank digital currency. This led to extensive street protests. History The naira was introduced on 1 January 1973, replacing the Nigerian pound at a rate of £1 = ₦2. The coins of the ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Pound
The pound was the currency of Nigeria between 1907 and 1973. Until 1958, Nigeria used the British West African pound, after which it issued its own currency. The pound was subdivided into 20 shillings, each of 12 pence. The Nigerian pound, at parity with sterling with free convertibility, was replaced in 1973 with the decimal '' naira'' at a rate of £1 = ₦2, making Nigeria the last country to abandon the pre-decimal £sd currency system. Coins Coins were issued in 1959 in denominations of , 1, 3 and 6 pence, 1 and 2 shillings. The d and 1d coins were holed and struck in bronze. The 3d coin, minted in nickel-brass, was a smaller version of the distinctive twelve-sided threepenny bits that were used in the UK, Fiji and Jersey. The higher denominations were struck in cupro-nickel. Banknotes In 1918, emergency issues were made by the government in denominations of 1/–, 10/– and 20/–. In 1959, [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2023 Nigerian Currency Crisis
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. Central Bank governor Godwin Emefiele initially cited Nigerians hoarding notes in their homes as the reason for the currency redesign. However, he later claimed that it would deter counterfeiters and those paying kidnappers' ransoms, and that it was a step towards a cashless society. He also argued that it would help reduce inflation. Some analysts and politicians have said that a motive of the CBDC introduction and deprecation of the old currency was to curb vote buying, by thwarting politicians who had amassed a stockpile of naira in preparation for election day. See also * 2023 Nigerian elections The 2023 Nigerian elections were held in large part on 25 February and 11 March 2023. The presi ... [...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", a 1982 song by Dexys Midnight Runners from ''Too-Rye-Ay'' 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 See also *Old age *List of people known as the Old *''Old LP'', a 2019 album by That Dog * * *Olde, a list of people with the surname *Olds (other) Olds may refer to: People * The olds, a jocular and irreverent online nick ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, Inc., Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson plc, Pearson sold the publication to Nikkei for Pound sterling, £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on Business journalism, financial journalism and economic analysis rather than News media, generalist reporting, drawing both criticism and acclaim. It sponsors an Financial Times and McKinsey Business Book of the Year Award, annual book ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Court Of Nigeria
The Supreme Court of Nigeria (SCN) is the highest court in Nigeria, and is located in the Central District, Abuja, in what is known as the Three Arms Zone, so called due to the proximity of the offices of the Presidential Complex, the National Assembly, and the Supreme Court. Overview In 1963, the Federal Republic of Nigeria was proclaimed and Nnamdi Azikiwe became its first President. Appeals from the Federal Supreme Court to the Judicial Committee of the Privy Council were abolished at that point, and the Supreme Court became the highest court in Nigeria. In 1976, the Court of Appeal (originally known as the Federal Court of Appeal) was established as a national court to entertain appeals from the High Courts of each of Nigeria's 36 states, which are the trial courts of general jurisdiction. The Supreme Court in its current form was shaped by the Supreme Court Act of 1990 and by Chapter VII of the 1999 Constitution of Nigeria. Under the 1999 constitution, the Supreme Court has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2023 Nigerian Elections
The 2023 Nigerian elections were held in large part on 25 February and 11 March 2023. The president and vice president were elected on 25 February, with incumbent President Muhammadu Buhari ineligible to run, being term-limited. Additionally, there were also elections on the same day for the Senate and the House of Representatives. On 11 March, twenty-eight gubernatorial elections were held alongside elections to state houses of assembly in all 36 states. Three additional gubernatorial elections will be held later in the year alongside potential rerun elections for regularly scheduled elections annulled from earlier in the year. Electoral system The President of Nigeria is elected using a modified two-round system with up to three rounds. To be elected in the first round, a candidate must receive a plurality of the votes and over 25% of the vote in at least 24 of the 36 states and the Federal Capital Territory. If no candidate passes this threshold, a second round will be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 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 Aa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shehu Shagari
Shehu Usman Aliyu Shagari (; 25 February 1925 – 28 December 2018) was a Nigerian politician who was the first democratically elected president of Nigeria, after the transfer of power by Military Head of State of Nigeria, military head of state General Olusegun Obasanjo in 1979, which gave rise to the Second Nigerian Republic. An experienced politician, he briefly worked as a School Teacher, teacher before entering politics in 1951; and was elected into the House of Representatives of Nigeria, House of Representatives in 1954 Nigerian general election, 1954. At various times between 1958 through Independence Day (Nigeria), independence of Nigeria in 1960 and 1975, he held a cabinet post as a federal commissioner. During these periods, Shagari made significant contributions to various sectors of the Nigerian economy. As Minister of Works, he played a key role in infrastructure development. As Minister of Economic Development, he was instrumental in formulating Nigeria’s post- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Obafemi Awolowo
Obafemi Jeremiah Oyeniyi Awolowo (6 March 1909 – 9 May 1987) was a Nigerian politician who served as the first Premier of the Western region of Nigeria. He was known as one of the key figure towards Nigeria's independence movement from 1957 to 1960. Awolowo founded the Yoruba nationalist group Egbe Omo Oduduwa as well as the Premier of the Western Region under Nigeria's parliamentary system from 1952 to 1959. He was the official opposition leader 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 and the African Sentinel, on top of others as well. He later became founder and publisher of ''Nigerian Tribune'' of African Newspapers of Nigeria Ltd. After receiving his bachelor 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, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
£sd
file:Guildhall Museum Collection- Drusilla Dunford Money Table Sampler 3304.JPG, A Sampler (needlework), sampler in the Rochester Guildhall, Guildhall Museum of Rochester, Medway, Rochester illustrates the conversion between pence and shillings and shillings and pounds. file:Cash register (8058279685) (2).jpg, Old till in Ireland, with "shortcut" keys in various £sd denominations (lower numbers) and their "new pence" equivalent (upper numbers) file:TOY (FindID 748865).jpg, Play money, Toy coin, which teaches children the value of a shilling £sd (occasionally written Lsd, spoken as "pounds, shillings, and pence" or pronounced ) is the popular name for the pre-decimal currency, currencies once common throughout Europe. The abbreviation originates from the Ancient Roman units of measurement, Latin currency denominations , , and . In the British Isles, these were referred to as ''pound sterling, pounds'', ''shillings'', and ''pence'' (''pence'' being the plural of ''penny''). Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elizabeth II
Elizabeth II (Elizabeth Alexandra Mary; 21 April 19268 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until Death and state funeral of Elizabeth II, her death in 2022. She had been queen regnant of List of sovereign states headed by Elizabeth II, 32 sovereign states during her lifetime and was the monarch of 15 realms at her death. Her reign of 70 years and 214 days is the List of monarchs in Britain by length of reign, longest of any British monarch, the List of longest-reigning monarchs, second-longest of any sovereign state, and the List of female monarchs, longest of any queen regnant in history. Elizabeth was born in Mayfair, London, during the reign of her paternal grandfather, King George V. She was the first child of the Duke and Duchess of York (later King George VI and Queen Elizabeth The Queen Mother). Her father acceded to the throne in 1936 upon Abdication of Edward VIII, the abdic ... [...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 ab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
