Lexark
category icon

Central Bank of Nigeria

Currency Substitution and Dollarisation of the Nigerian Economy

Loading document viewer...
Author
Central Bank of Nigeria
Reference No.
BSD/DIR/GEN/LAB/08/013
Year
2015
Pages
2 pages

The Central Bank of Nigeria reiterates that the Naira is Nigeria’s only legal tender and warns that pricing, denominating, offering, accepting, or settling domestic goods and services in foreign currency is illegal. Deposit money banks are advised not to collect foreign currencies for domestic transactions…

Lexark

© 2026. All Rights Reserved

LinkedInFacebookX