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flag Nigeria's Senate passed a bill aiming to ban foreign currencies for domestic transactions to boost the Naira.

flag A bill passed its first reading in Nigeria's Senate to ban the use of foreign currencies like US dollars and British pounds for domestic transactions. flag Sponsored by Senator Ned Nwoko, the bill aims to make the Naira the sole legal tender for all payments and transactions within Nigeria. flag This move seeks to strengthen the Naira's value and promote economic stability, though critics question its feasibility.

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