Currencies
Nigeria's daily parallel market exchange rate tracker
The 50th anniversary of the Global International Monetary Policy – Issues and Transition
August 15, 2021, marked the fiftieth anniversary when the former President Richard Nixon announced the cessation of the gold-dollar exchange...
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India to launch digital currency by December
The Reserve Bank of India could launch its first digital currency pilot programs by December. This was disclosed by the...
Read moreDetailsNaira gains at official market despite drop in forex liquidity
Thursday, 26th August 2021: The exchange rate between the naira and the US dollar closed at N410.88/$1 at the Investors...
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Banks warn customers against violation of CBN forex directives
Nigerian banks have warned that customers who do not comply with the new foreign exchange policy may face criminal prosecution...
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Ghana cedi under pressure amid economic recovery
Ghana's currency is facing a lot of pressure as the economy recovers and the demand for the dollar increases. Although...
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Naira falls at official market as foreign reserves plunges further
Wednesday, 25th August 2021: The exchange rate between the naira and the US dollar closed at N412/$1 at the Investors...
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US dollar gains against euro, British pound sterling
As investors await the Fed's Jackson Hole symposium on Friday, the greenback hovered near a one-week low versus major peers...
Read moreDetailsExchange rate falls at forex market despite significant surge in dollar supply
Monday, 23rd August 2021: The exchange rate between the naira and the US dollar closed at N411.83/$1 at the official...
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CBN cautions microfinance banks against forex transactions and wholesale banking
The Central Bank of Nigeria has advised microfinance institutions against engaging in certain prohibited activities, including wholesale banking and foreign...
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Naira falls at official forex market as finance minister hints at unified rate
Wednesday 18th August 2021: The exchange rate between the naira and the US dollar fell to N411.75/$1 at the Investors and...
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