b "Can you spare a dollar?". The comparative value for Sub-Saharan Africa.475,.910 for the US, 35 and.694 for the world average. The dual exchange rate mechanism formally abolished in the 1999 budget remains in place in actuality. The figure for 2014 is derived from a rebasing of economical activity earlier in the year. A b "Nigeria's external debt to W'Bank, AfDB, others hit.63trn". US Dollars, UK Pound Sterling and the Euro are"d as the number of Rands per one unit of currency.
The rates shown as reference exchange rates on this site are Barclays mid-market rates"d against GBP, EUR and USD.
Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment is ranked as the 30th-largest economy in the world in terms of nominal GDP, and the 23rd-largest in terms of purchasing power is the largest economy.
The rates reflected are guidelines for ascertaining daily foreign exchange rates.
Retrieved b "Report for Selected Countries and Subjects". Much of the informal economy, however, can only access foreign exchange through the parallel market. Indian oil companies are also involved in oil drilling operations in Nigeria and have plans to set up refineries there. According to the International Organization for Migration, the number of immigrants residing in Nigeria has more than doubled in recent decades from 477,135 in 1991 to 971,450 in 2005. However, efforts are being made towards making the country food sufficient again. 22 In 2005, Nigeria achieved a milestone agreement with the Paris Club of lending nations to eliminate all of its bilateral external debt. On the African continent, Egypt, Equatorial Guinea, Chad, Libya and South Africa are important source countries of remittance flows to Nigeria, while China is the biggest remittance-sending country in Asia. Extensive road repairs and new construction activities are gradually being implemented as state governments, in particular, spend their portions of enhanced government revenue allocations.
Economy of Nigeria - Wikipedia Exchange Rates - Visa Europe HiFX - Currency Exchange, Foreign Exchange & Money