Currencies
Nigeria's daily parallel market exchange rate tracker
US dollar outshines euro, British pound amid anticipated FED meeting
The dollar clung to recent gains against the euro and pound sterling on Friday.
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Naira falls to N698/$1 at black market
The exchange rate between the naira and the US dollar fell to N698/$1 on Thursday morning, 25th August 2022.
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Dollar scarcity forces banks to ration $4,000 Personal Travel Allowance (PTA)
Given the rush for PTA and the scarcity of dollars, Nigerian banks have devised ways to ration the allocation of...
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So that one dollar does not sell for N1,000 by 2023
The prevailing economic conditions suggest that the drop in naira value will continue and we will be lucky if the...
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Nigeria’s central bank says eNaira has recorded N4billion transactions and 200,000 users since 2021 launch
The Central Bank of Nigeria's digital currency, eNaira has recorded 200,000 users and N4 billion worth of transactions since it...
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Ghana’s central bank hikes interest rate to 22% to combat inflation, forex crises
Ghana’s central bank has raised its interest rate by 300 basis points to 22% to tame inflation and stabilize the...
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Kenyan Shilling plunges against dollar since William Ruto’s victory
The currency of East Africa's largest economy has fallen by 6.46% against the US dollar since January.
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Nigeria’s central bank, Africa Fintech Foundry to support 10 startups to boost eNaira adoption
The Central Bank of Nigeria (CBN) in collaboration with the Africa Fintech Foundry (AFF) is set to support 10 startups,...
Read moreDetailsWhy Naira is heading towards N700/$ again
Despite Naira's recent high volatility, none of the fundamental macro indicators has shifted in Naira's favour.
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Ghana Cedi lost nearly 50% against US dollar since January 2022
The Ghanaian cedi has dropped by a whopping 47.10% against the US dollar since the start of the year.
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