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Home Tag Archives: Foreign currency

Tag Archives: Foreign currency

Banking & Finance

Bill seeking to ban foreign currency use in Nigeria passes 1st reading in Senate

By Breezynews
18 December 2024
in :  Banking & Finance
0
4

The Senate has begun moves to restore Nigeria’s monetary sovereignty by outlawing the use of foreign currencies for payments and transactions within the country. The move is a ban on foreign currency payments to ensure that this prohibits salaries, transactions and payments in foreign currencies, ensuring all workers, including expatriates, are remunerated in naira as this will eliminate discriminatory practices …

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