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Tag "foreign currency"

CBN to banks: Don’t use FX revaluation gains to pay dividends, expenses

    CBN to banks: Don’t use FX revaluation gains to pay dividends, expenses

The Central Bank of Nigeria (CBN) has once again directed banks not to use gains from foreign currency revaluation to pay dividends and expenses. A revaluation of a currency occurs

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Robbers attack trader in Ogun, cart away foreign currency in ‘Ghana must go’ bags

    Robbers attack trader in Ogun, cart away foreign currency in ‘Ghana must go’ bags

Armed robbers attacked a Hausa trader at the Oke-Sokori axis of Abeokuta, the Ogun state capital, on Friday. The robbers reportedly carted away a substantial amount of foreign currency loaded

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‘Sole legal tender is cedi’ — Ghana bans spending in foreign currencies

    ‘Sole legal tender is cedi’ — Ghana bans spending in foreign currencies

The Ghanaian government has banned spending and transacting businesses in foreign currencies in the country.  The Central Bank of Ghana disclosed this in a statement issued on Thursday, warning citizens

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