Tag: dollar
Lawmaker Urges FG To Penalise Employers For Paying Salaries In Foreign Currencies –
Agency ReportSen. Ned Nwoko, on Tuesday called on the Federal Government to impose charges on employers who pay their workers in foreign currencies.Nwoko, who...
MTN, BUA foods, Cadbury clear overseas debts as dollar supply improves
By Okiki AdeduyiteNigerian companies have started to settle their overdue dollar obligations, Bloomberg reports.This follows recent reforms implemented by the Central Bank of Nigeria, which...
Africa’s new online foreign exchange system will enable cross-border payments in local currencies – what you need to know
By Christopher Adam, University of Oxford
The high cost of making cross border payments on the African continent has driven governments on the continent to...
Nigeria To be faithful Loyal and Honest
By John Ogunlela:A young man came to me and said he had this money he wanted to put away. "I want to save it...
Foreign exchange: several African countries have a shortage of US dollars – why this happens and how to fix it
By Christopher Adam, University of OxfordA number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US...
The Dollar Rules the Financial Universe. China Can’t Change That.
By Marc ChandlerThe financial shocks that keep hitting the dollar haven’t shaken its role in the world economy. The reasons matter. The dollar may...