The Central Bank of Nigeria (CBN) is now taking tougher actions in the foreign exchange market, aiming to stop speculators and bring more stability to the naira. These fresh efforts …
The World Bank has revealed that Nigeria’s economy grew at its fastest rate in almost 10 years in 2024, driven by strong performance in the fourth quarter and better management …
The South African rand lost a bit of ground in early trading on Thursday, May 8, as traders waited for the country’s latest manufacturing output figures. According to market data, …
The South African financial market is facing several important developments that may affect investor decisions and overall market direction on Thursday, May 8, 2025. Economic data from home and abroad, …
The Nigerian naira has continued to weaken against the US dollar, as it recorded another round of depreciation in March 2025, both at the official market and in the parallel …
The International Monetary Fund (IMF) has released $1.2 billion to Egypt as part of the country’s ongoing economic reform plan. This marks the fourth payment under the Extended Fund Facility …
Nigeria’s naira recorded its biggest gain in two weeks, appreciating by 0.6% to 1,530 per dollar as of 11:15 a.m. in Lagos on Wednesday, according to Bloomberg-tracked BMAT spot trading. …
Nigeria’s net foreign exchange reserves (NFER) have risen to $23.11 billion at the end of 2024, according to the Central Bank of Nigeria (CBN). This figure is $15.6 billion lower …