The case ‘for and against’ floating the naira
03 February 2019 | 9:00 am
Governor of the Central Bank of Nigeria, Godwin Emefiele says allowing the naira to float freely would have caused a currency crisis and capital flight. He made the remark in response to a question about the bank’s currency restriction imposed in 2015.
11 Jul 2019
With official inflation up markedly, Zimbabwe abandons the use of foreign money at home. It is intended to strengthen the local currency and ween the country off the US dollar and the South African Rand.
27 Jun 2019
Governor of the Central Bank of Nigeria, Godwin Emefiele says the apex bank plans to pursue a program of recapitalising the banking industry in the next five years. He made this known while unveiling his 5-year policy direction for his second term in office. Andrew Nevin, Partner and Chief Economist at PwC Nigeria joins CNBC Africa to assess the CBN’s 5-year plan.
26 Jun 2019
Governor of Nigeria's Central Bank says the apex banks development finance efforts have been driven by the need to reduce reliance on crude as smuggling and dumping over the years have led to a demise of Agriculture. Obiora Madu, CEO of Multimix Group joins CNBC Africa to discuss some developments impacting Nigeria's non-oil exports.
17 Jul 2019
US lawmakers to question Facebook over digital currency plan
22 Jul 2019
A difficult exchange. CFA France value hit by scarce foreign currency reserves.
10 Aug 2019
The US Treasury has designated China a currency manipulator following the devaluation of the yuan. According to the department, the yuan's steep drop gives China an unfair competitive advantage in international trade.
7 Sep 2019
President Mauricio Macri's government has imposed foreign-exchange controls on Argentine exporters. A week of financial uncertainty has led to a sharp drop in the value of the peso.
7 Sep 2019
Argentina's spiraling peso rallied slightly after the country imposed capital controls. Despite government assurances, long lines formed outside banks with people worried about being able to withdraw their cash.
27 Oct 2019
Facebook's Libra, billed as an alternative to traditional banking, has sparked concerns from central bankers and regulators around the world. The currency has been criticized as a threat to sovereignty and stability.
1 Oct 2019
Asia is bracing for the latest U.S. Treasury report on foreign currency manipulators, coming in the middle of a trade war that shows no sign of ending. The twice-yearly report is due in coming weeks and will likely see the return of Singapore, Malaysia and Vietnam on the watchlist. Nasreen Seria reports on "Bloomberg Markets: Asia."
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.
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.
2 hours ago
The Russian army is still shelling Ukrainian cities, but the rolling barrage along the front line appears to have stopped. Observers say a turning point has been reached — thanks in large part to military aid.
2 hours ago
Data suggest that Germany may be on the brink of an economic downturn that could ultimately lead some businesses to move abroad.
3 hours ago
German officials have expressed fears that a worst-case winter of energy problems could prompt an extremist backlash. How bad things get may depend on how well they manage the crisis – in policy and perception.
3 hours ago
DW correspondent Fanny Facsar reports from a small village in the Kyiv region, where efforts are underway to help reopen the only school that exists in the area.
4 hours ago
Kenya's Deputy President and presidential hopeful William Ruto cast his ballot early on Tuesday morning (August 9) as Kenyans elect a new president.
Kevin Spacey being sued for at least £300,000 for ‘psychiatric damage’ to alleged sexual assault victim
4 hours ago
Kevin Spacey is reportedly being sued for hundreds of thousands of pounds for “psychiatric damage” by one of the men he is accused of sexually assaulting.