FX
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News Africa
Naira trades at new rates in official window as Nigeria’s FX reserves grows
The Nigerian currency, the naira, traded lower in the FX market on Tuesday, December 24, 2024, depreciating marginally to N1,540.65…
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News Africa
Naira appreciates slightly as FX liquidity shortage eased
The naira exchange rate improved slightly in the forex market amidst rumour, expectation that the Central Bank of Nigeria (CBN)…
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Finance
IMF’s US$360million inflow is peanut compared with our FX needs
Following the International Monetary Fund’s (IMF) approval of the second review of the country’s Extended Credit Facility (ECF) arrangement, the…
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Finance
Over US$700 million FX injection to stabilise cedi during festivities
The Bank of Ghana’s (BoG) decision to implement a 15 percent unified Cash Reserve Ratio (CRR) on both local and…
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Finance
BoG plans to sell $200 million to BDCs in FX auction for Q1 2023
The Bank of Ghana plans to sell about $200 million to Bulk Oil Distribution Companies (BDCs) in the first quarter of…
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