Nigeria’s external reserves have risen to their highest level in six years, crossing the $42bn threshold for the first time since September 2019. Fresh data from the Central Bank of …
The naira continued its rally on Wednesday, closing at N1,500.91 to the United States dollar at the official Nigerian Foreign Exchange Market. The performance marked a significant milestone as the …
In Nigeria today, a growing number of people are quietly losing their hard-earned money to the frustrating phenomenon of failed electronic transactions. While the country’s push for a cashless economy …
The Nigerian naira lost a little ground in the official foreign exchange market on Monday, slipping from N1,535.03 to N1,536.42 per dollar. The minor drop, according to market analysts, was …
Uganda’s central bank has decided to keep its main lending rate unchanged at 9.75 per cent for the fourth time in a row, as the country continues to monitor global …
Central banks across sub-Saharan Africa are ramping up gold purchases in a bid to protect their economies from global financial instability and rising geopolitical tensions. Ghana is leading this shift, …