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The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the...
Foreign exchange
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The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450...
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An International Monetary Fund representative has cautioned that Zambia’s proposed dedollarization initiative may inadvertently undermine efforts to contain inflation. The...
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The Central Bank of Nigeria warned local financial institutions against rejecting older or lower-denomination U.S. dollar banknotes. The apex bank...
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In the first half of 2024, the Nigerian currency depreciated by nearly 40%, making it the worst-performing currency during that...
