The Lenco Blog

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A Comprehensive Guide to Import and Export in Nigeria

The import and export activities in Nigeria are governed by several laws and regulations to ensure smooth and lawful trade practices. The key regulatory bodies overseeing import and export activities include the Nigerian Customs Service (NCS), the Federal Ministry of Finance, and the Central Bank of Nigeria (CBN). Traders must adhere to these guidelines to avoid legal complications.

Top 10 Weakest Currencies in The World

The Iranian Rial holds the title of the weakest currency in the world, with one US dollar equivalent to approximately 42,275 Iranian rials. The currency was introduced in the late 18th century and has since been linked to the British pound and later the US dollar. Though it is now floating, it has remained stable at around 42,000 rials per US dollar in recent years.