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Nigeria’s economy affects everyone—from students and salary earners to entrepreneurs and investors. But how much do you really know about the financial system that powers Africa’s largest economy?
Take this fun 10-question Nigerian Finance Trivia Quiz and see if you’re a financial guru or if you still have some learning to do. Don’t worry—it’s all in good fun, and you might even learn something new!
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Question of
What is the official currency of Nigeria?
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Naira
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Shilling
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Cedi
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Rand
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Question of
Which institution is responsible for issuing Nigeria’s currency?
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Central Bank of Nigeria (CBN)
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Federal Ministry of Finance
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Nigerian Stock Exchange
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Question of
What is the highest denomination of the Nigerian Naira currently in circulation?
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₦1,000
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₦500
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₦200
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Question of
What does BVN stand for in Nigerian banking?
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Bank Verification Number
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Basic Verification Network
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Banking Value Number
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Bank Value Network
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Question of
Which Nigerian agency insures bank deposits and protects depositors?
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NDIC
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SEC
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EFCC
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Question of
What is the primary purpose of a savings account?
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To store and grow money safely
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To borrow money
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To pay taxes
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To buy shares directly
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Question of
Which of these is a popular Nigerian fintech company?
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Flutterwave
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Amazon
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Tesla
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Samsung
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Question of
What does ATM stand for?
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Automatic Teller Machine
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Automated Transfer Machine
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Account Transfer Method
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Question of
Which of these is considered an investment?
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Buying shares in a company
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Keeping all your cash in a savings account
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Flipping into ponzi schemes
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Question of
What is inflation?
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Rise in the general prices of goods and services over time
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Increase in salaries only
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Increase in bank branches
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Reduction in taxes
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