Foreign exchange
Nov
11
2024
Zimbabwe Plans to ‘Float’ Rapidly Depreciating Gold-Backed Currency
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Zimbabwe has said it plans to let its rapidly depreciating gold-backed… More…
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Oct
31
2024
Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?
The Nigerian naira recently hit a new low against the U.S. dollar,… More…
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Oct
25
2024
World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years
The World Bank reports that Nigeria lost over $8 billion due to the… More…
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Oct
16
2024
Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms
The Nigerian government received nearly $100,000 from two cryptocurrency… More…
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Oct
09
2024
Nigeria Injects $543.5M to Shore up Naira
The Central Bank of Nigeria (CBN) injected $543.5 million into the… More…
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Oct
05
2024
Nigeria Introduces System to Boost Forex Market Transparency
The Central Bank of Nigeria (CBN) is launching a new electronic system… More…
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Oct
04
2024
Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa
Stablecoins are surging in popularity across Sub-Saharan Africa,… More…
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Sep
30
2024
Ghana Launches Gold Coin Priced in Local Currency
Ghana’s central bank launched a gold coin to boost domestic… More…
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Sep
28
2024
Zimbabwe Devalues Gold-Backed Currency by 44%
The Reserve Bank of Zimbabwe (RBZ) has devalued the Zimbabwe Gold… More…
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Sep
25
2024
Nigerian Currency Plunges After Central Bank Rate Hike
The Nigerian Naira weakened significantly against the U.S. dollar… More…
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