The naira (sign: ₦; code: NGN) is the currency of Nigeria. It is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Nigerian Federation. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency & Branch Operations Department of the CBN is in charge of currency management, through the procurement, distribution/supply, processing, reissue and disposal/disintegration of bank notes and coins.
Before the evolution of Nollywood around the mid-‘00s, the film industry operated on the blissfully simple method of the home video system. It was the only route for filmmakers to showcase their works, VHS tapes spooled in black casings. Or perhaps you remember them as cassettes and all you needed to have was a television […]