A bill seeking to ban the use of foreign currencies, including the dollar and pound sterling, for transactions in Nigeria has passed its first reading in the Senate. The proposed legislation, titled “A Bill for an Act to Alter the Central Bank of
The Centre for Promotion of Private Enterprise (CPPE) has attributed the recent massive appreciation of the Naira against the US Dollar to a surge in Nigeria’s external reserves and strategic interventions by the Central Bank of Nigeria (CBN). According to CPPE Director Muda
The Nigeria Labour Congress, NLC, has urged the Federal Government to quickly address the current cash crunch in the country to alleviate the hardships on its citizens. Mr Joe Ajaero, NLC President, who said this on Tuesday in a statement, said the congress