Nigeria: Currency reform deepens socio-economic crisis
The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.…
Will a single currency for ECOWAS succeed?
Joe Femi Dagunro joins CNBC Africa to discuss the intricacies of what a single currency would mean for the West African region.…
Nigerian banks and foreign currency loans
According to a report by Ratings Agency Moody's, Nigerian banks stand to gain from moderating their foreign currency lending.…
Erdogan claims win in Turkish referendum
The lira jumped as Turkish citizens voted to endow President Recep Tayyip Erdogan with vast new executive powers, in a narrow referendum victory that may rekindle interest in 2017’s worst-performing emerging market…
Naira extends gains on parallel market
Nigeria's currency, the naira continues to strengthen in the parallel market trading at 445 to the dollar as the central bank continues its intervention in the official foreign exchange market.…
Naira rallies against dollar
Nigeria's local currency the naira, rallied to 460 to the dollar last Friday, its highest level in more than 3 months. The currency got a boost from the Central Bank of Nigeria…
Naira nears N503 to dollar as forex scarcity bites harder
Nigeria's local currency, the naira, is now trading at an all- time low of 503 to the US dollar, as the forex scarcity bites harder.…
Zimbabwe to print new notes to boost economy
New bank notes are being printed in Zimbabwe to ease a crippling cash shortage. The government hopes the new money will boost the collapsing economy. But there are concerns it will cause…
South African Rand caught in turmoil of split ANC
Tensions in the African National Congress over a police investigation of South Africa's finance minister are spilling over into the nation's currency and bonds.…
Forex reform draws $270m foreign investment in Nigeria
The FMDQ OTC Securities Exchange has confirmed the inflow of $270 million into Nigeria by foreign investors seeking to invest in Nigeria's local currency bonds.…