Designating Crypto as the Bogeyman Will Not Halt the Nigerian Currency’s Depreciation
Labeling cryptocurrency a scapegoat, similar to blaming parallel market traders for the Nigerian…
Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market
The Nigerian naira continued with a downward which recently saw it being named the worst-performing…
Zambian Currency, the Kwacha, Plunges to New Record Low Against US Dollar
Zambia’s worsening shortage of foreign exchange as well as one of its worst droughts in recent…
Japanese Yen Tumbles to 34-Year Low Against Soaring US Dollar
This week, the Japanese yen plummeted to its lowest point since 1990 against the U.S. dollar…
Nigerian Currency Reverses Early April Gains, Depreciating by 12% in Seven Days
The Naira recently depreciated by 12% in just seven days, thus shedding all the gains it made…
Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency
The Nigerian central bank governor has refuted claims that the bank is using the country’s…
Volatile Nigerian Currency Rallies 12%, Becomes Best-Performing Currency in April
After months of sustained decline, the Nigerian currency has rallied since March and is currently…
Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
The Central Bank of Nigeria has barred the use of foreign exchange as collateral for local currency…
