As of 1999, it's 194,394 kilometres of road networks are the main means of transportation. Nigeria made history as the last nation to do away with the £sd currency system when it disbursed the Naira on January 1, 1973. Nigeria is trying to reach the Sustainable Development Goal Number 1, which is to end poverty in all its forms by 2030. Next to petrodollars, the second-biggest source of foreign exchange earnings for Nigeria are remittances sent home by Nigerians living abroad.[150]. The official language of Nigeria, English, was chosen to facilitate the cultural and linguistic unity of the country, owing to the influence of British colonisation which ended in 1960. Below, you'll find Nigerian Naira rates and a currency converter. Nigeria made history as the last nation to do away with the £sd currency system when it disbursed the Naira on January 1, 1973. Nigeria's population increased by 57 million from 1990 to 2008, a 60% growth rate in less than two decades. Nigeria's primary energy consumption was about 108 Mtoe in 2011. [182] The satellite eventually failed after losing power on 11 November 2008. After negotiations by the Nigerian authorities, in October 2005 Nigeria and its Paris Club creditors reached an agreement under which Nigeria repurchased its debt at a discount of approximately 60%. Because of its multitude of diverse, sometimes competing ethno-linguistic groups, Nigeria prior to independence was faced with sectarian tensions and violence, particularly in the oil-producing Niger Delta region, where both state and civilian forces employ varying methods of coercion in attempts to gain control over regional petroleum resources. Notable musicians from Nigeria include: Sade Adu, King Sunny Adé, Onyeka Onwenu, Dele Sosimi, Adewale Ayuba, Ezebuiro Obinna, Ebenezer Obey, Femi Kuti, Lagbaja, Dr. Alban, Bola Abimbola, Tuface Idibia, Aṣa, Nneka, Wale, P Square, Wizkid, Skepta, Davido CB and D'Banj. It is a federal republic comprising 36 states and the Federal Capital Territory, where the capital, Abuja, is located. [6], Nigeria is a multinational state inhabited by more than 250 ethnic groups speaking 500 distinct languages, all identifying with a wide variety of cultures. ", "Buhari and Ouattara make Eco heart of regional power struggle", "West Africa's new currency could now be delayed by five years", "Constitution amendment: What the people want", "Constitutional review: Nigeria needs broader representation", "Nigeria gives census result, avoids risky details", "Regions Used to Interpret the Complexity of Nigeria", "The Human and Physical Characteristics of Nigeria", "Early Growth Assessment of Selected Exotic and Indigenous Tree Species in Nigeria", "Evaluation of new generations of maize streak virus (msv) resistant varieties for grain yield, agronomic potential and adaptation to a southern guinea savanna ecology of Nigeria", "Air Pollution tolerance indices (apti) of some plants around Otorogun Gas Plant in Delta State, Nigeria", 10.1639/0044-7447(2002)031[0055:wmatfe]2.0.co;2, "Assessment of blood lead levels among children aged ≤ 5 years—Zamfara State, Nigeria, June–July 2012", "5. Get the best & latest online money making opportunities in Nigeria. [257] The group's targets include both civilians and Nigerian security forces. The issuance of the 50 kobo note came to a halt in 1989. In 1976 all foreign banks were compelled to sell 60 percent of their shares to Nigerians. United Kingdom Pounds. nigerian currency - nigeria money stock pictures, royalty-free photos & images currency - nigeria money stock pictures, royalty-free photos & images This picture taken on January 28, 2016 in Lagos shows naira banknotes, Nigeria's currency. [247] Various Nigerian Confraternities or student "campus cults" are active in both organised crime and in political violence as well as providing a network of corruption within Nigeria. Established in 2010, the event takes place over a 3- to 5-day period at selected high-quality outdoor venues. Goodluck Jonathan was sworn in as Yar'Adua's successor,[95] becoming the 14th Head of State. Between 1990 and 2000, Nigeria lost an average of 409,700 hectares of forest every year equal to an average annual deforestation rate of 2.4%. To the southeast of the Benue are hills and mountains, which form the Mambilla Plateau, the highest plateau in Nigeria. The survey, which included 15,000 respondents from South Africa, the UK, France, Italy, Indonesia, Malaysia and Nigeria, was first conducted in 2019 and then repeated in 2020. The satellite constellation also conducted measurements of the atmospheric density 400 kilometres (250 mi) above the Earth. Nigerian citizens have authored many influential works of post-colonial literature in the English language. [citation needed] There are also many plants with medicinal purposes that are used to aid the therapy in many organs. It produced life-sized terracotta figures that are some of the earliest known sculptures in Sub-Saharan Africa[37][38][39][40][41] and smelted iron by about 550 BC and possibly a few centuries earlier. [145] As of 2016, efforts to manage the exposure are ongoing. The 1000 note features the engraved portraits of Dr. Clement Isong as well as Alhaji Aliyu Mai-Bornu, both of whom served as governors of Nigeria's Central Bank. [96][97] Goodluck Jonathan served as acting president of Nigeria until 16 April 2011, when a new presidential election in Nigeria was conducted. Nigeria suffers from lack of adequate transportation infrastructure. In 2017, Nigeria signed the UN treaty on the Prohibition of Nuclear Weapons.[179]. [261] 130 Fulani adults and children were massacred in the Kaduna State in February 2019. Britain intervened in the Lagos Kingship power struggle by bombarding Lagos in 1851, deposing the slave trade friendly Oba Kosoko, helping to install the amenable Oba Akitoye, and signing the Treaty between Great Britain and Lagos on 1 January 1852. Individuals in many such Diasporic communities have joined the "Egbe Omo Yoruba" society, a national association of Yoruba descendants in North America. [123] This has resulted in a serious trade imbalance, with Nigeria importing ten times more than it exports to China. On 24 March 2009, the Nigerian Federal Ministry of Science and Technology, NigComSat Ltd. and CGWIC signed another contract for the in-orbit delivery of the NigComSat-1R satellite. [84] Buhari promised major reforms, but his government fared little better than its predecessor. NigComSat-1, was the first Nigerian satellite built-in 2004, was Nigeria's third satellite and Africa's first communication satellite. NigComSat-1R was also a DFH-4 satellite, and the replacement for the failed NigComSat-1 was successfully launched into orbit by China in Xichang on 19 December 2011. His successor, General Abdulsalami Abubakar, adopted a new constitution on 5 May 1999 which provided for multiparty elections. The Edo area is composed predominantly of members of the Pentecostal Assemblies of God, which was introduced into Nigeria by Augustus Ehurie Wogu and his associates at Old Umuahia. Hausa is the most widely spoken of the three main languages spoken in Nigeria itself. Owobi Angrew, "Tiptoeing Through A Constitutional Minefield: The Great Sharia Controversy in Nigeria", Rais Akhtar; Health Care Patterns and Planning in Developing Countries, Greenwood Press, 1991. p. 264. Nigerian Pidgin English, often known simply as "Pidgin" or "Broken" (Broken English), is also a popular lingua franca, though with varying regional influences on dialect and slang. Nri and Aguleri, where the Igbo creation myth originates, are in the territory of the Umeuri clan. This plateau extends through the border with Cameroon, where the montane land is part of the Bamenda Highlands of Cameroon. In April 1994, the Super Eagles ranked 5th in the FIFA World Rankings, the highest ranking achieved by an African football team. Nigeria hoped to begin construction in 2011 and start nuclear power production in 2017–2020. As of 2014[update] it is the largest economy in Africa, having overtaken South Africa. The naira was used in place of the pound at a rate of one pound to two naira. The modern state originated with British colonialization in the 19th century, taking its present territorial shape with the merging of the Southern Nigeria Protectorate and Northern Nigeria Protectorate in 1914 by Lord Frederick Lugard. [56] By the time of its break-up in 1903 into various European colonies, the Sokoto Caliphate was one of the largest pre-colonial African states. [52] The port of Calabar on the historical Bight of Biafra (now commonly referred to as the Bight of Bonny) became one of the largest slave trading posts in West Africa in the era of the transatlantic slave trade. Our currency rankings show that the most popular Nigeria Naira exchange rate is the USD to NGN rate. The following year, it chartered the Royal Niger Company under the leadership of Sir George Taubman Goldie. The Central Bank discontinued the circulation of the 1/2 to 25 kobo coins beginning February 28, 2007. In order to increase the number of universities in Nigeria from 129 to 138 the Federal Government gave nine new private universities their licences in May 2015. According to African Bank Notes, 12-15 brass manillas purchased one slave at the time. [138], Due to overexploitation, the remaining natural ecosystems and primary forests in Nigeria are restricted to the protected areas which include one biosphere reserve, seven national parks, one World Heritage site, 12 Strict Nature Reserves (SNRs), 32 game reserves/wildlife sanctuaries, and hundreds of forest reserves. Our currency rankings show that the most popular United States Dollar exchange rate is the USD to EUR rate. Nigeriasat-1 was part of the worldwide Disaster Monitoring Constellation System. In 1995, an estimated 21,000 Nigerian doctors were practising in the United States alone, which is about the same as the number of doctors working in the Nigerian public service. [127], Nigeria is divided into thirty-six states and one Federal Capital Territory, which are further sub-divided into 774 Local Government Areas. [109][110] The two major political parties are the People's Democratic Party of Nigeria and the All Progressives Congress with twenty minor opposition parties are registered. [298] Boxing is also an important sport in Nigeria; Dick Tiger and Samuel Peter are both former World Champions. 95 The music is as varied as the audience itself and features a diverse mix of musical genres from rhythm and blues to soul, Afrobeat, hip hop, bebop, and traditional jazz. Here we publish several helpful articles in various categories, such as how-to articles, where to find things, resources, business, interviews and reviews. Football is largely considered Nigeria's national sport and the country has its own Premier League of football. As in many other African societies, prebendalism and high rates of corruption continue to constitute major challenges to Nigeria. The results of the most recent census were released in December 2006 and gave a population of 140,003,542. Lugard used rivalries between many of the emirs in the southern reach of the caliphate and the central Sokoto administration to prevent any defense as he worked towards the capital. [237][238] In 2012, a new bone marrow donor program was launched by the University of Nigeria to help people with leukaemia, lymphoma, or sickle cell disease to find a compatible donor for a life-saving bone marrow transplant, which cures them of their conditions. The T.A.P. Nigeria's Central Bank announced that it would provide for the naira's complete convertibility against other currencies by 2009. In some areas of Nigeria, ethnic groups speak more than one language. [115], Upon gaining independence in 1960, Nigeria made African unity the centerpiece of its foreign policy and played a leading role in the fight against the apartheid government in South Africa. [274] Most workers in the informal sector are women. The Central Bank has branches in all the state capitals and provides guidelines to all commercial and merchant banks in the country. Afan Music was invented and popularised by the Ewu-born poet and musician Umuobuarie Igberaese. On March 13, 1903, at the grand market square of Sokoto, the last Vizier of the Caliphate officially conceded to British rule. The Kobo is rarely used in Nigeria due to inflation. Expats writing about life in Nigeria suggest that you bring cash in large denomination notes for the best exchange rates - so £50 or $50 banknotes are ideal. [290][291] By 2016, this record was held by The Wedding Party, a film by Kemi Adetiba. [99][100][101][102] In the 2019 presidential election, Muhammadu Buhari was re-elected for a second term in office defeating his closet rival Atiku Abubakar. In some contexts, the states are aggregated into six geopolitical zones: North West, North East, North Central, South West, South East, and South South. They won the gold medal for football in the 1996 Summer Olympics (in which they beat Argentina) becoming the first African football team to win gold in Olympic football. [195][better source needed] Presently, Nigeria is the seventh most populous country in the world. Since 1995, the Nigerian military, through ECOMOG mandates, have been deployed as peacekeepers in Liberia (1997), Ivory Coast (1997–1999), and Sierra Leone (1997–1999). Most Sufis follow the Qadiriyya, Tijaniyyah and/or the Mouride movements. Nigeria Naira Banknote (Nigerian Currency / Paper Money) - 1 x 1,000 Naira. However, the Nigerian government still hasn’t recognised cryptocurrencies as a valid form of money despite its huge growth. The entry of exotic plants into Nigeria during the post-independence era was encouraged by increasing economic activity, the commencement of commercial oil explorations, introduction through ships, and introduction of ornamental plants by commercial floriculturists. [15][16][17] It has the third-largest youth population in the world, after India and China, with nearly half its population under the age of eighteen. The use of slave labor was extensive, especially in agriculture. Central Bank of Nigeria saying in 2018 that crypto-currencies including Bitcoin, Ripples, Monero, Litecoin, Dogecoin and Onecoin, weren’t regarded as money. With over 11 % of Nigeria’s Internet subscribers involved in crypto, Nigeria has been ranked 5th in the world by Arcade Research. Candidates with a minimum of Merit Pass in National Certificate of Education (NCE), National Diploma (ND) and other Advanced Level Certificates minimum qualifications with a minimum of 5O/L Credits are given direct entry admission into the appropriate undergraduate degree programs. Nigeria's human rights record remains poor. In the period before 1983 election, a report of experts prepared by the National Institute of Policy and Strategic Studies showed that only the 1959 and 1979 elections were held without systematic rigging. Nigeria has additionally founded regional cooperative efforts in West Africa, functioning as standard-bearer for the Economic Community of West African States (ECOWAS) and ECOMOG, economic and military organizations, respectively. MonEx.ng is a wholesale E-Wallet and Ecurrency Exchanger in Nigeria. [7][8][9] The three largest ethnic groups are the Hausa–Fulani in the north, Yoruba in the west, and Igbo in the east, together comprising over 60% of the total population. [205], Nigeria is a religiously diverse society, with Islam and Christianity being the most widely professed religions. It is subdivided into 100 kobo. As confraternities have extensive connections with political and military figures, they offer excellent alumni networking opportunities. In late 1993, Shonekan's interim government, the shortest in the political history of the country was overthrown in the 1993 military coup d'état led by General Sani Abacha, who used military force on a wide scale to suppress the continuing civilian unrest. Its coastline is at least 853 km (530 mi). Blockvila is a leading and most trusted e-currency service provider in Nigeria. It was designed to provide coverage to many parts of Africa, and the Ka-band transponders would also cover Italy. This remnant became known as "Sokoto Sultanate Council". World Bank country director for Nigeria, Shubham Chaudhuri has stated that Nigeria needs more monetary reform in order to access $1.5 billion loan. Nigerians are nearly equally divided into Muslims and Christians, with a tiny minority of adherents of Traditional African religions and other religions. [138] The initial entry of IAS into Nigeria was mainly through exotic plant introductions by the colonial rulers either for forest tree plantations or for ornamental purposes. A process of voting was adopted, referred to as Option A4. Make Money Online in Nigeria within 5 Minutes this 2020 and 2021. [240][241][242], The Nigerian health care system is continuously faced with a shortage of doctors known as 'brain drain', because of emigration by skilled Nigerian doctors to North America and Europe. Joshua's Emmanuel TV, originating from Nigeria, is one of the most viewed television stations across Africa. Of which 60,068 kilometres (37,325 mi) (including 1,194 km (742 mi) of expressways) are paved roads and as of 1998 (west. Nigeria's Delta region, home of the large oil industry, experiences serious oil spills and other environmental problems, which has caused conflict. Devaluation of Nigeria currency is making the rich richer and the poor, poorer, if nothing is done about it, it will further widen the gap of the rich and the poor. At the currency printing works of the NSPM Plc, quality is meticulously controlled throughout every process of currency production. [147] Nigeria is the United States' largest trading partner in sub-Saharan Africa and supplies a fifth of its oil (11% of oil imports). Many late 20th-century musicians such as Fela Kuti have famously fused cultural elements of various indigenous music with American jazz and soul to form Afrobeat which has in turn influenced hip hop music. In 1983 the inspectors of the state-owned Nigerian National Petroleum Corporation (NNPC) began to notice "the slow poisoning of the waters of this country". Dimka lacked widespread support among the military and his coup failed, forcing him to flee. (The country joined OPEC in 1971.) The results though not officially declared by the National Electoral Commission – showed the duo of Moshood Abiola and Babagana Kingibe of the Social Democratic Party (SDP) defeated Bashir Tofa and Slyvester Ugoh of the National Republican Convention (NRC) by over 2.3 million votes. Although the elections that brought Obasanjo to power in the 1999 presidential election and for a second term in the 2003 presidential election were condemned as unfree and unfair, Nigeria has shown marked improvements in attempts to tackle government corruption and hasten development. NigeriaSat-2, Nigeria's second satellite, was built as a high-resolution earth satellite by Surrey Space Technology Limited, a United Kingdom-based satellite technology company. [292][293], T.B. The paper money bearing the face of General Murtala Ramat Muhammed thus became the biggest currency denomination. Nigeria is greatly endowed with numerous tree species of which the majority of them are native while few are exotic. Some other famous Nigerian footballers include John Obi Mikel, Obafemi Martins, Vincent Enyeama, Yakubu, Rashidi Yekini, Peter Odemwingie and Jay-Jay Okocha. TransferWise makes transferring money to Nigeria a breeze: Just tap in how much, and where to. On 11 November 2008, NigComSat-1 failed in orbit after running out of power because of an anomaly in its solar array. [153] Cocoa is the leading non-oil foreign exchange earner. [90] The regime came to an end in 1998, when the dictator died in the villa. A Legitimate Online Business in Nigeria that pays in Naira and Dollars. Click to see how to make money online in Nigeria without spending a dime. [211] The majority of Quranists follow the Kalo Kato or Quraniyyun movement. [270] Female genital mutilation is common. [265] Report[136] shows that high percentage of man-made forests in the country is dominated with exotic species. The film was a critical and commercial success in Nigeria, and it was also screened in international film festivals. This caused controversy ECOWAS, citing France Co-opting African Unity and if ratified, would lead to a loss of sovereignty. Nigeria is classified as a mixed economy emerging market. Nigerian Banks and Other financial Institutions as well as capital market operators are prohibited from investing in cryptocurrencies or carrying on business as a virtual currency exchange. [215], The 2010 census of Association of Religion Data Archives has also reported that 48.8% of the total population was Christian, slightly larger than the Muslim population of 43.4%, while 7.5% were members of other religions. A number of Cubans settled in Nigeria as political refugees following the Cuban Revolution. Nigerians also rank higher than the global average of 37 per cent for openness to digital currency adoption. [132] Nigeria lies between latitudes 4° and 14°N, and longitudes 2° and 15°E. The areas surrounding Calabar, Cross River State, also in this forest, are believed to contain the world's largest diversity of butterflies. Herder—farmer conflict in central Nigeria, violent protests by Muslims in the Northern part of the country, Convention on the Elimination of All Forms of Discrimination Against Women, Drilling and Killing: Chevron and Nigeria's Oil Dictatorship, International Documentary Film Festival Amsterdam, "World Economic Outlook Database, October 2020 – Nigeria", "Nigeria's Buhari wins historic election landslide", "Linguistic diversity in Africa and Europe – Languages Of The World", "Choosing an Indigenous Official Language for Nigeria", "The countries with the 10 largest Christian populations and the 10 largest Muslim populations", "Nigeria to Give All of Its 200 Million People Identity Numbers", "Nigeria becomes Africa's largest economy", "Nigerian Economy Overtakes South Africa's on Rebased GDP", "Nigeria is poised to become Africa's most powerful nation", The Americas in Transition: The Contours of Regionalism, South African Foreign Policy and Middle Power Leadership, "MINT Countries: Nigeria Now Listed Among Emerging World Economic Powers", "The Mint countries: Next economic giants? Between 1991 and 2005, the 100, 200, 500, in addition to the 1000 naira notes were disbursed. By the middle of the 20th century, a great wave for independence was sweeping across Africa. All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com, The World’s Largest Oil Reserves By Country, Top Cotton Producing Countries In The World. Right now, Nigeria has eight currency notes — N1000, N500, N200, N100, N50, N20, N10 and N5 — and three currency coins — N2, N1 and 50k — which fulfil all these criteria. Lagos, subsequent to the re-modernization project achieved by the previous administration of Governor Raji Babatunde Fashola, is gradually becoming a major tourist destination, being one of the largest cities in Africa and in the world. Found in both the southwest of the 20th century, a major breakthrough came in December 2003 International Court. 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