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The Big Mac Index is a price index published since 1986 by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and providing a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible ...
PDP. APGA. LP. NNPP. The current party affiliation of the 36 state governors is: 20 All Progressive Congress (APC) 13 People's Democratic Party (PDP) 1 All Progressives Grand Alliance (APGA) 1 Labour Party (LP)
In February 2010, the Iranian government implemented an energy price reform by which the energy subsidies were to be removed in five years; the most important price hike was in gasoline, as the price went up from 1000 rials ($0.10 US) to 4000 rials ($0.40 US) per litre, with a ration of 100 litres per month for private passenger cars (later ...
The joint concessionary company, ARAMCO, agreed to the government's demand to use the introduced posted price as a way to calculate profits. Profit-sharing between ARAMCO and Saudi Arabia was established as a 50/50 split. Eventually the Saudi government fully purchased Aramco in 1980 renaming it as Saudi Aramco. Venezuela
The discount window is an instrument of monetary policy (usually controlled by central banks) that allows eligible institutions to borrow money from the central bank, usually on a short-term basis, to meet temporary shortages of liquidity caused by internal or external disruptions. The interest rate charged on such loans by a central bank is ...
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 ...
In finance, discounting is a mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time, in exchange for a charge or fee. [1] Essentially, the party that owes money in the present purchases the right to delay the payment until some future date. [2] This transaction is based on the fact that most ...
Website. www .nannews .ng. The News Agency of Nigeria ( NAN) is a news reporting agency owned and run by the Federal Government of Nigeria just like Nigerian Television Authority. [1] NAN was formed in part to disseminate news easily across the country and to the international community and also as a means to counter negative stories about Nigeria.