Venezuela's socialist rulers have lived well off the nation's oil industry for many years. But planned US sanctions could call time on Nicolas Maduro's rule and stop the flow of foreign currency.…
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…
Brexit has been a humbling affair for many Brits; so too their beloved currency, the pound. Having fallen 15 percent against the euro since the June 2016 referendum, is it too soon…
Nigeria's FX reserves rose by 6.4 million dollars to 43.05 billion naira between the 17th of December to the 9th of January; Deinma Iyagba, Currency trader at UBA joins CNBC Africa to…
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.…
The ruble plunged as the U.S. announced new sanctions against Russia over the nerve agent attack in the U.K. The currency sank to its lowest since November of 2016. The penalties, which…
The Central Bank of Nigeria has announced that the Nigeria- China currency swap deal will not cover the importation of the 41 items blacklisted from the official foreign exchange.…