The Central Bank of Nigeria (CBN) has harmonised the Customs FX rate with the current foreign exchange rate following the strengthening of the naira.

A medium of exchange is an intermediary item that is widely accepted to facilitate the trade of goods and services between two parties. It is one of money’s three universally agreed functions ...

The Central Bank of Nigeria has finally harmonised the official FX rate for Customs duty with the prevailing market rates ...

The USD/ZAR exchange rate rose to 17.86 on Tuesday as investors reacted to Donald Trump’s trade war with South Africa ...

If you're selling goods to foreign markets, the easiest way to reduce foreign exchange risk is to quote your prices and require payment in U.S. dollars, according to the U.S. International Trade ...

So, in order to eliminate trade deficits with other nations that aren't really a problem to begin with, the Trump administration is hiking tariffs to raise the cost of imported goods so that ...

A medium of exchange makes trade more accessible by allowing people to trade goods indirectly for other good. As the primary purpose of a medium of exchange is to facilitate transactions between ...