Section 20(5) of the CBN Act makes it illegal for any person to refuse to accept naira as means of payment for any goods or services in Nigeria. Upon conviction such a person is liable to six months imprisonment or a fine of N50,000.
Third issue: Can parties price goods and/or services in foreign cu
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Dayo O. Idowu
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
