Currency: Niara
1 United States Dollar = 318.61 Nigerian Naira
the problems of monetary policy in Nigera
what are the fiscal and monetary tools used in year 2008 budget of nigeria
ugorobert@yahoo.com is my e-mail address.
How could i get this money laundering certificates ? or the American/Nigeria Monetary Agency
Monetary policy have both internal and external effect on business enterprises in nigeria. The internal effect comprises of such as expanding the output of the business,maintainig price stability etc. The external effect entails attainment of stable exchange rate. Therefore the main effect of monetary policy is to influence the level of nominal income by influencing either the real output or the price level on buisness enterprices.
This is a contract whereby a seller transfers or agree to transfer property in goods to the buyer in monetary consideration known as price
The Central Bank of Nigeria (CBN) regulates commercial banks through a framework of monetary policy, prudential guidelines, and supervisory roles. It sets key interest rates, such as the Monetary Policy Rate, to influence lending and borrowing costs. Additionally, the CBN enforces compliance with capital adequacy requirements, risk management standards, and conducts regular inspections to ensure financial stability and consumer protection. Through these measures, the CBN aims to maintain a stable banking environment and promote economic growth in Nigeria.
The Central Bank of Nigeria (CBN) was established on July 1, 1958. It was created to ensure monetary stability and manage the currency of Nigeria as the country transitioned towards independence. The CBN plays a critical role in the country's economic policy and financial system regulation.
Monetary activities mean that you have to spend money to do the activity. However, non-monetary means the activity is free. Monetary and non-monetary are classifications for activities.
The largest country in Africa by population is Nigeria with a population of 135,031,164
As of my last knowledge update in October 2023, the Governor of the Central Bank of Nigeria (CBN) is Godwin Emefiele. He has been in office since June 2014 and has been involved in various monetary policy initiatives and economic reforms in Nigeria. However, for the most current information, please verify with the latest updates, as positions may change.