US inflation rose to 3.7% in September, lifting bets on another Federal Reserve rate hike and putting fresh pressure on African currencies such as the rand.
AfricaBusinessCurrencyGlobal Markets
Category:
Currency
The naira strengthened in September as improved foreign exchange liquidity, stronger oil receipts and growing market confidence supported the currency. The naira closed September at N1,329.16 per dollar on the …
- CurrencyCurrency & ExchangeEconomy
Nigeria’s $5bn Swap Offers Dollar Access but Adds Rate and Currency Risks
Nigeria’s $5 billion financing arrangement with First Abu Dhabi Bank (FAB) is entering a new phase as the UAE-based lender considers syndicating part of its exposure to other banks. The …
- CurrencyCurrency & ExchangeCurrency MarketEconomy
Naira Holds at ₦1,328 After CBN Rate Cut for Investors
Naira Holds at ₦1,328 After CBN Rate Cut The naira remained broadly stable at ₦1,328.67 per dollar in Nigeria’s official foreign exchange market on Thursday, despite the Central Bank of …
- BusinessCurrencyEconomyFinanceForex TradingNigeria
Naira Strengthens as CBN Reforms Boost Investor Confidence
The naira recorded a stronger performance in the past week as it closed at N1,446.74 per dollar at the official market, showing a 0.69 per cent rise compared to the …
- BusinessCurrencyEconomyFinanceGlobal MarketsMonetary Policy
U.S. Dollar Falls as Weak Economic Data Strengthens Expectations
The United States dollar fell on Tuesday as new economic data — much of it delayed by the recent government shutdown — supported expectations that the Federal Reserve may cut …
- CurrencyEconomyFinanceInternationalMonetary PolicyTrade
US Dollar Weakens as Markets Expect Fed Rate Cut Amid Renewed US-China Trade Tensions
The United States dollar weakened on Wednesday, losing ground against major global currencies as financial markets priced in a possible interest rate cut by the Federal Reserve. The decline comes …
- BusinessCurrencyEconomyFinanceGOVERNMENTTrade
Rabiu Projects Naira to Strengthen to ₦1,300–₦1,400 per Dollar by Year-End
The Chairman of BUA Group, Abdul Samad Rabiu, has expressed optimism that the naira will appreciate further in the coming months, predicting that the exchange rate could strengthen to between …
- Central BankingCurrencyEconomyFinanceForeign AffairsMarkets
Naira Dips Slightly as Weekly Forex Inflows Slow
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 …
The Government of Malawi says it will maintain a fixed exchange rate in the short term despite pressure to adopt a unified market rate. Authorities believe keeping the rate stable …
Newer Posts