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Human rights lawyer, Femi Falana, SAN, has condemned what he described as the dollarisation of the Nigerian economy, adding that the country has no business selling crude oil in dollars. He said he has led a campaign against the dollarisation of the economy to the leadership of the Central Bank of Nigeria who have promised
The Central Bank of Nigeria, CBN  has banned dollar charges on domestic transactions as it launched has launched the Nigerian National Domestic Card Scheme, AfriGo. This was disclosed by the CBN governor Godwin Emefiele on Thursday, January 26, 2023, while launching the card virtually. Godwin Emefiele said that transaction charges on all cards would henceforth be
Bureau de change operators in Adamawa State are rejecting foreign currencies and notably, dollars from customers due to growing uncertainty in the parallel market as reflected in the unexpected comeback of the naira. Some of the money changers interviewed at Jimeta Modern Market in Yola said they were apprehensive over the sudden and continued crash
History made as Naira crashes to 800 per dollar. The Naira is currently trading at 800 against the dollar according to some exchange platforms. Checks made by Peoples Gazette on Saturday revealed that the current parallel market rate is N800 to a dollar and N890 to British pound sterling. READ ALSO : Finance Minister,