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In 2005, Nigeria achieved a positive current account balance of US$9.6 billion. The Nigerian currency is the naira (NGN). As of June 2006, the exchange rate was about US$1=NGN128.4. As of June 2019, it stands at US$1 =NGN357. In recent years, Nigeria has expanded its trade relations with other developing countries such as India.
In 1972, American foreign investment amounted to about £250 million, more than one-third of total foreign investment in Nigeria and one-third of total American private investment in all developing African countries. [146] This increased to $1 billion in 1974 and about $1.5 billion in 1977. [48]
Buy one, get one free. " Buy one, get one free " or " two for the price of one " is a common form of sales promotion. Economist Alex Tabarrok has argued that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion ...
The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world’s investment in special purpose entities, which are often set up for tax reasons.
Nigeria might then be the 3rd most populous country in the world. In 2100, the population of Nigeria may reach 541 million. [42] While the overall population is expected to increase, the growth rate is estimated to decrease from 1.2 per cent per year in 2010 to 0.4 per cent per year in 2050. [41]
On 20 April 2021, Venmo added support to its platform to enable customers to buy, hold and sell cryptocurrencies. [244] In October 2021, financial services company Mastercard announced it is working with digital asset manager Bakkt on a platform that would allow any bank or merchant on the Mastercard network to offer cryptocurrency services.
For example, it took many years after the United States overtook the United Kingdom as the world's largest economy before the dollar overtook the pound sterling as the dominant global reserve currency. [1] In 1944, when the US dollar was chosen as the world reference currency at Bretton Woods, it was only the second currency in global reserves. [1]
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