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Senate Moves To Ban Use Of Foreign Currencies For Payments In Nigeria

Senate Moves To Ban Use Of Foreign Currencies For Payments In Nigeria

The Nigerian Senate has taken a significant step towards reclaiming the nation’s monetary independence by pushing for a ban on the use of foreign currencies for payments and transactions within the country. The proposed bill seeks to ensure that all forms of payment—including salaries, export proceeds, and other financial transactions—are conducted exclusively in Naira. The … Read more