Nigeria’s Naira Falls to Record Low as Dollar Liquidity… Angela Amuzu Oct 29, 2024 Nigeria’s local currency fell the most in about two weeks to a record low, after of a steep drop in dollar…
Nigeria’s Foreign Reserves Rise to $40.2 Billion in October Angela Amuzu Oct 24, 2024 Nigeria’s foreign reserves hit $40.2 billion in October 2024 from $38.4 billion reported in September. This was…
Nigeria Lost $8 Billion to Forex Subsidy in Three Years –… Angela Amuzu Oct 22, 2024 The World Bank says Nigeria’s government lost N13.2 trillion because of how it managed foreign exchange between…
Why Naira Stability Hinges on 2 Million Bpd of Oil Angela Amuzu Oct 7, 2024 The Nigerian government is counting on oil to help shore up the battered naira, and industry operators say it must…
FX Shortages, Economy Woes Keep African Currencies Pressured Angela Amuzu Sep 20, 2024 While emerging-market currencies have broadly benefited from a softer US dollar this quarter, African currencies…
Ecobank Obtains Bondholders Approval for Key Amendments to… Angela Amuzu Sep 20, 2024 Ecobank Nigeria has successfully secured the approval of its noteholders to amend key provisions tied to its $300…
Central Bank of Nigeria Resumes Intervention amidst… SpyDa Sep 9, 2024 Nigeria’s central bank resumed foreign currency sales after the naira slipped to a fresh low against the dollar…
South Africa’s MTN Has First Loss Since 2016 on Naira Slump Angela Amuzu Aug 19, 2024 MTN Group Ltd., Africa’s biggest wireless carrier by revenue, posted its first loss since 2016 after the…
Nigeria to Sell Domestic Dollar Bond, Eurobond Option Too… Angela Amuzu Aug 16, 2024 Nigeria, which had hoped to issue a Eurobond this year, has decided to delay it and sell a debut dollar bond on the…
Bureaus sell $1 at GH¢14.15, GH¢13.18 on BoG interbank as of… Rhema Apr 26, 2024 The Interbank forex rates from the Bank of Ghana today, April 26, 2024, have shown that the Ghana Cedi is trading…
Dangote cuts Nigeria fuel prices for third time since March Rhema Apr 23, 2024 Nigeria’s new mega refinery said it’s cutting the prices of diesel and aviation fuel in the domestic market, the…