Tag Archive
Nigeria: Nigeria’s Inflation Rate Exaggerated, Says APC National Secretary Basiru
[Premium Times] The National Secretary of APC made the claim when confronted with NBS’ latest data on Nigeria’s inflation on the Channels Television’s primetime show, ‘Politics Today’, on Wednesday evening.
Zambia: Malawi’s Kwacha Syndicate Exposed After Zambia Bust
[Nyasa Times] A sophisticated money laundering syndicate involving Malawi’s currency has been uncovered, spanning borders and leading to significant seizures in Zambia. Malawi state agencies are now working diligently to repatriate the impounded funds,…
Nigeria: Analysts Foresee Naira Stability At N1,500 in H2 2024
[This Day] Following the recent injection of foreign exchange sales to Bureaux De Change (BDCs), by the Central Bank of Nigeria’s (CBN), analysts have predict that the naira will stabilise around N1,500 in the second half of the year.
Kenya: Shilling Loses Ground Against Major Currencies Amid Demos, Moody’s Downgrade
[Capital FM] Nairobi — The Kenyan shilling has slipped against various global currencies, coming on the back of ongoing youth-led demonstrations and the country’s downgraded rating by global rating agency Moody’s.
West Africa: Ecowas Calls for Swift Implementation of Single Currency Program
[Foroyaa] The Economic Affairs and Agriculture Department of the ECOWAS Commission has called for the expedited implementation of the single currency program.
Kenya: Shilling Slips Against Major Currencies in the Wake of Gen Z-Led Protests
[Capital FM] NAIROBI, Kenya, Jul 18 – The Kenyan shilling has slipped against various major currencies, a development attributed to the ongoing youth-led demonstrations and the country’s downgraded rating by global rating agency Moody’s.
Ghana: Fitch Solutions Projects Positive Outlook for Ghana Cedi
[Ghanaian Times] The Ghana cedi is expected to recoup some losses against the dollar in the coming months, Fitch Solutions has revealed.
Zimbabwe: ZiG ‘Crisis’ a Recipe for Disaster- – Opposition Raises Worry Over New Currency Scarcity
[New Zimbabwe] OPPOSITION Labour Economists and Afrikan Democrats (LEAD) has flagged the scarcity and lack of confidence surrounding the newly introduced Zimbabwe Gold (ZiG) currency.
Sudan: USD Surpasses 2k Sudanese Pound Mark in Parallel Market
[Dabanga] Dabanga Sudan — The value of the Sudanese Pound (SDG) against foreign currencies continues to deteriorate rapidly. On Wednesday, the US Dollar exchange rate in the parallel market surged to SDG2,100, marking a 13 percent loss in value since …
Tunisia: Banknote and Coin Manufacturing Expenses Up to Tnd 3.9 Million
[Tunis Afrique Presse] Tunis — Banknote and coin manufacturing expenses totalled TND 3.9 million at the close of the 2023 financial year, compared with TND 22.4 million the previous year.