A nationwide coalition of traders’ associations has issued an urgent plea to the government, calling for swift action to stabilize the exchange rate and seeking a...
After several days of losses, the naira recovered against the US dollar for the second time in a week. The Nigerian currency has been battered for...
The dollar’s status as the top currency of central banks and for international trade probably isn’t fading soon, according to Morgan Stanley. The investment bank pointed...
The U.S. dollar, as tracked by the DXY index, retreated sharply this past week, briefly reaching its lowest point since April 10th. This selloff stemmed primarily...
On Friday, April 12, 2024, the naira witnessed a significant surge in value on the official market, reaching a trading rate of N1,142.38 against the dollar....
The scarcity and volatility of the dollar, high interest rates and access to credit is scaring away investors in the East African region. According to the...
The naira yesterday depreciated at both official and parallel markets, where it exchanged at N780/$ and N950/$ respectively. The local currency had closed at N758/$ at...
While the diminishing supply of dollar has dealt a big blow to people who depend on the foreign currency to finance their businesses, the crisis has...
Tanzanians are now forced to dig deeper into their pockets to pay for imports and other foreign products in the country amid a worrying shilling fall...
The Ghana cedi has been the world’s best performer against the dollar over the past six months, Bloomberg has reported. The gold – cocoa – and...
