Foreign exchange
May
25
2024
Nigeria Increases Capital Requirements for Currency Dealers Nearly Sixtyfold to $1.4 Million
0 Comments
The Central Bank of Nigeria has increased the capital requirements… More…
Read More
May
24
2024
IMF Calls Zimbabwe’s Gold-Backed Currency an ‘Important Policy Action’
The International Monetary Fund (IMF) has stated that Zimbabwe’s… More…
Read More
May
10
2024
Zambian Currency, the Kwacha, Plunges to New Record Low Against US Dollar
Zambia’s worsening shortage of foreign exchange as well as… More…
Read More
May
01
2024
Nigeria Cryptocurrency Clampdown: Central Bank Directs Fintech Firms to Stop Opening New Accounts
The Central Bank of Nigeria has directed four fintech companies to… More…
Read More
Apr
28
2024
Nigerian Currency Reverses Early April Gains, Depreciating by 12% in Seven Days
The Naira recently depreciated by 12% in just seven days, thus shedding… More…
Read More
Apr
20
2024
Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency
The Nigerian central bank governor has refuted claims that the bank… More…
Read More
Apr
10
2024
Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
The Central Bank of Nigeria has barred the use of foreign exchange… More…
Read More
Apr
06
2024
Zimbabwe’s Central Bank Launches Gold-and Forex-Backed ‘Structured Currency’
The Reserve Bank of Zimbabwe has introduced a foreign exchange and… More…
Read More
Mar
20
2024
Court Orders Binance to Hand Over ‘Comprehensive’ User Data to Nigerian Authorities
A Nigerian high court has ordered Binance to provide the Economic… More…
Read More
Mar
12
2024
Economic Intelligence Unit: Nigerian Central Bank Lacks Capacity to Defend Local Currency
The Economic Intelligence Unit has stated that the Central Bank of… More…
Read More
