King Charles Banknotes’ First Images have been made Public.
The Bank of England has unveiled the new design for banknotes that feature the image of King Charles. The only…
Category: Currency
Banks Record the Serial Numbers Provided to Consumers when Using New Naira Notes.
In order to prevent counterfeiting, the Central Bank of Nigeria (CBN) has ordered banks to record the serial numbers of…
Banks to Commence Issuance of New Naira Notes Today.
The eagerly anticipated, newly redesigned Naira notes from the Central Bank of Nigeria (CBN) will start to circulate among consumers…
Dollar Edges up Against Euro after U.S. Inflation Data.
The U.S. producer inflation data for November came in somewhat hotter than anticipated. As a result, the dollar nudged higher…
Nigeria Won’t be Issuing Eurobonds in 2023.
According to Nigeria’s finance minister Zainab Ahmed, the country has no intentions to issue Eurobonds in 2023 unless market conditions…
Goldman AM Predicts 2023 will be the most Promising Year for Bonds in Almost a Decade.
According to Gurpreet Gill, macro strategist for global fixed income at Goldman Sachs Asset Management, the coming year is looking…
Bloomberg Report: The Ghana Cedi Gains the most against the US Dollar.
According to Bloomberg, as Ghana begins restructuring domestic debt, the Ghana Cedi posted the largest gain against the U.S. Dollar…
Dollar Rises as Inflation Pressures Persist.
Dollar increased, suggesting that inflationary pressures have persisted and that the Federal Reserve may decide to keep interest rates higher…
eNaira Circulation Rises to N400million.
The e-circulation naira’s has increased to N401. 82 million, according to data from the Central Bank of Nigeria. Also, transaction…
Breaking: New revised Cash Withdrawal Limit By The Central Bank Of Nigeria.
According to the CBN memo released today 06 December 2022, the Central Bank Of Nigeria has revised its cash withdrawal…
China’s Yuan is Used in Russia’s Largest Digital Asset Transaction.
The first transaction involving digital financial assets denominated in foreign fiat was completed by a licensed firm in Russia. In…
The UK is Completing its Plans to Regulate the Cryptocurrency Industry.
According to the Financial Times, the British Treasury is putting the finishing touches on plans for a package of regulations…
CBN Comments on the Alleged Plan to Launch the N5000 Note.
The Central Bank of Nigeria (CBN) has stated that it has no plans for a new note, clarifying its position…
Ghana’s Debt Restructuring: Eurobond Holders Face Possible 30% Cut.
As the government pursues a debt exchange program to meet the requirements for a loan from the International Monetary Fund,…
Buhari Unveils New Naira Notes at Aso Rock.
The new naira notes in the denominations of N200, N500, and N1,000 were introduced by the President, Major General Muhammadu…
Naira Redesign: CBN Receives Old Notes Worth N165 billion.
Before the Federal Executive Council meeting started, November 23, President Muhammadu Buhari introduced the freshly designed N200, N500, and N1000.…
IMF Requests CBN Let Banks Determine Dollar Rates.
In order to increase the inflow of foreign money into the economy, the Central Bank of Nigeria (CBN) has been…
CBN Directs Banking Firms Nationwide to Open on Saturdays
In order to allow bank customers to exchange their old naira notes for new ones, the Central Bank of Nigeria…
Dollar Gains Fizzle Out as Traders Reassess Risks from Poland.
The sanctuary In choppy trading, the U.S. Dollar strengthened as markets assessed geopolitical concerns in the wake of the news…
Uganda Shilling Increases as Oil Prices Decline.
The rise in the import bill brought on by a significant increase in oil imports and the high cost of…
As the Cryptocurrency Market Collapses, Binance Intends to Purchase FTX.
To aid with a “liquidity bottleneck” at the rival exchange, cryptocurrency giant Binance reached a non-binding deal on Tuesday to…
Naira is Now One of the World’s Worst-performing Currencies.
The Nigerian naira is technically doing well this year; down just 4% against a strong US dollar and ahead of…
Ghana’s Cedi Ranks Last in the World Against the Dollar.
As speculators continued to force foreign cash into the west African nation prior to an agreement with the International Monetary…
Ghana’s Cedi Dropped 72% in Ten Months.
Since the beginning of the year, the Ghanaian cedi has lost 72% of its value relative to the US dollar.…
CBN’s Multiple Exchange Rate Deters Foreign Investment In Nigeria, Says FG.
A major barrier to the operation of enterprises is the multiple exchange rate system and restricted access to foreign exchange.…
Naira Depreciates to N740 per $1
On the black market, the naira-to-dollar exchange rate has further depreciated to a record low, trading at a minimum of…
Egypt’s Economy Suffers From A Dollar Shortage As Imports Are Restricted.
Egypt’s economic problems have worsened due to the conflict in Ukraine. Unfortunately for individuals who had planned purchases, like Aiad,…
Sterling Falls To A Historic Low Versus The US Dollar.
As a result of the markets’ response to the UK’s largest tax cuts in 50 years, the pound has reached…