CBN threatens to go after landlords, schools, collecting payment in dollars

The Central Bank of Nigeria on Tuesday frowned at the growing practice of trading goods and services in foreign currencies instead of the Naira in Nigeria.
The Bank’s governor, Godwin Emefiele, said in Abuja at the end of the Monetary Policy Committee meeting that it is illegal for landlords or school proprietors to demand rents or fees in dollars, while transacting other businesses in foreign currencies. Continue Reading