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 ...

Like a neutral referee ensuring fair play, a wise government impartially safeguards everyone’s right to own, use and exchange property. And it stands aside when it needs to, allowing us to make our ...

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

Learn how bartering involves the provision of goods or services in exchange for other goods or services, and review different barter transaction examples.

To do this, economists usually measure the real exchange rate in terms of a broad basket of goods. Because the price of such a basket normally takes the form of an index number—such as the consumer ...

REVERSIONS to simpler types of economic organisation are not uncommon in times of economic stress, and an interesting example is provided by the development of the exchange of goods and services ...