Libyans buy foreign currency after government-imposed measures
09 November 2018 | 11:00 am
Libyans head to the banks to buy foreign currency through a bank card mechanism imposed by the Central Bank, a month after the U.N.-backed authorities imposed fees on foreign currency transactions.
22 Mar 2020
As five more COVID-19 cases were confirmed in Nigeria on Wednesday, the government swung into action and made some swift reforms which include the reduction of petrol pump price – a N1.5 trillion cut in the 2020 budget and a travel ban on 13 countries with high COVID-19 infection rates. The Central Bank of Nigeria also announced a N1.1 trillion intervention fund to boost the economy. Adeoye Adefulu, Partner at Odujinrin and Adefulu and Kola Masha, Managing Director of Babban Gona both join CNBC Africa to discuss how these moves would impact some key sectors of the Nigerian economy.
22 Jun 2020
Wirecard was said to have $2.1 billion in two Philippine banks, but the country's central bank said that documents linking them to the money were fake. The German financial startup has been marred by fraud allegations.
25 Jun 2020
Nigeria’s President Mohammadu Buhari has expressed displeasure about Francophone West Africa’s adoption of the Eco in replacement for its CFA Franc ahead of other ECOWAS Member States. Buhari says it was a matter of concern that people with whom others wished to go into a union were taking major steps without trusting their counterparts for discussions. Tilewa Adebajo, CEO of CFG Advisory joins CNBC Africa for more.
13 Sep 2020
The European Central Bank is hoping for a "positive" outcome to the negotiations on the future relationship between the United Kingdom and the European Union despite "what has been observed in the last few days," ECB chief Christine Lagarde says.
23 Sep 2020
West Africa's aspirations for a single currency hit a setback after its leaders met in Niamey for a one-day summit earlier this week and passed a resolution to delay the proposed adoption until all critical issues are resolved.
20 Sep 2020
These are trying times for Nigeria's economy, as an expected recession means the government has to take pro-active steps to mitigate the impact of the recession and recover in the shortest period. Meanwhile, President Buhari has asked the Central bank of Nigeria to stop issuing foreign exchange for food and fertilisers imports. Andrew Nevin, Partner and Chief Economist at PwC Nigeria joins CNBC Africa’s Kenneth Igbomor to assess the state of the Nigerian economy.
6 Oct 2020
China's central bank has made steady advances in its goal of launching the world's first major sovereign digital currency. As the EU begins prepping a digital euro, DW considers the impact of the digital yuan.
#EndSARS: It's your right to protest, Buhari tells youths, US central bank developing digital dollar and more
19 Oct 2020
Here are a few reasons to pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on Tuesday.
27 Dec 2020
Hundreds of angry Iraqis protest in several cities against a currency devaluation that has slashed their purchasing power amid a pandemic-fuelled economic crisis. The Central Bank of Iraq (CBI) at the weekend devalued the currency by over a fifth against the US dollar, officially re-pegging the dinar at a bank rate of 1,460 to the greenback.
22 Feb 2021
The change is a key reform demanded by foreign donors and the International Monetary Fund (IMF). The country is hoping to overhaul its debt-laden, inflation-hit economy.
25 Feb 2021
The Central Bank of Nigeria has banned the sale of cryptocurrencies in the country although they are very popular particularly among young people there. IT expert Senator Ihenyen looks at what's behind the lender's move.
26 Feb 2021
Vice President Yemi Osinbajo has disagreed with the Central Bank of Nigeria to ban Crypto-Currencies transactions in the country. Osinbajo spoke at the CBN/Bankers Committee’s Initiative for Economic Growth in Lagos and called on the CBN and the Securities and Exchange Commission to put in place a robust framework for the regulation of Crypto-Currencies. The CBN had ban Crypto-Currencies usage in Nigeria a few weeks ago.
45 mins ago
World number one Novak Djokovic claimed his first title in over six months after beating Stefanos Tsitsipas 6-0 7-6(5) to win the Italian Open on Sunday. Djokovic did not drop a set en route to the final in Rome, having picked up his 1,000th tour-level victory by beating Casper Ruud in the semi-final to book a clash with Tsitsipas - a repeat of last year's French Open final, which the Serb won.
45 mins ago
New data shows China's economy cooled sharply in April, as many cities including Shanghai suffered Covid-19 lockdowns. Industrial output dropped nearly 3 percent compared to a year before, while retail sales slumped 11 percent. Meanwhile, global wheat prices jump after India announces a ban on exporting the grain due to damage from a heatwave. Finally, we see how tourists are returning to Barcelona. The development is good news for local businesses but could revive tensions over mass tourism.
A Russian war journalist's coverage borders on disinformation, and a video reveals abuse by the Koglweogo
45 mins ago
A weekly news show produced with photos, videos and personal accounts from FRANCE 24 Observers around the world – all checked by our staff here in Paris.
1 hour ago
Decision makers from politics, business and civil society have gathered in Berlin to discuss new ways for Europe and Africa to cooperate on issues from the COVID pandemic to the war in Ukraine.
1 hour ago
Since the war in Ukraine began, Germany’s controversial links to Russia have been in the spotlight. DW's Conflict Zone host Tim Sebastian talks about these ties with Ralf Stegner, a member of the German Parliament for the Social Democrats.
3 hours ago
Former Somali leader Hassan Sheikh Mohamud won the presidency again on Sunday in a vote by parliamentarians behind blast walls in an airport hangar as a popular election remains impossible in the conflict-wracked nation.