Foreign Currency – Pensioners FM

Customs Hand over Seized Foreign Currency to EFCC in Ogun

News Room3 months ago3 months ago06 mins

The Controller of Ogun I Area Command, Nigeria Customs Service, Idiroko, Mohammed Shuaibu, on Tuesday, handed over a seized sum of 7,000,000 CFA amounting to N17,692,105 to the Economic and Financial Crimes Commission. Speaking during the handover held at the Idiroko Command of the NCS, Shuaibu said that the feat attested to the renewed onslaught…

Senate Proposes Foreign Currency Ban for Local Transactions

News Room6 months ago6 months ago03 mins

The Senate has passed for first reading, a bill to ban the use of foreign currencies for payments and transactions within Nigerian. The proposed legislation, aimed at ensuring all payments, including salaries and transactions, are conducted in naira, seeks to eliminate discriminatory practices and strengthen confidence in the local currency. This includes making it mandatory…