Govt Tightens Noose On Exchange Rate Violators
New Zimbabwe
TREASURY has intensified its blitz against illegal exchange rate traders and has equipped the central bank's Financial Intelligence Unit (FIU) with more resources so it "remains… Read more »
Suspected Forex Dealer Challenges Prosecution
New Zimbabwe
A suspected forex dealer, Albert Chekure who was arrested during the ongoing blitz against illegal money changers has challenged his prosecution saying no offence was committed as… Read more »
PMI Report - Strengthening of Naira Moderated Inflationary Pressure in April
This Day
Dike Onwuamaeze Read more »
Soaring Price of Tomatoes Causes a Stir On Social Media
Accra Times
Ranked 10th among 20 items with the highest inflation rates, fresh tomatoes have seen a substantial increase compared to the national inflation rate of 25%. Read more »
Motorists Now Able to Buy Petrol, Diesel Using New ZiG Currency
New Zimbabwe
IN a major climbdown, Zimbabwean authorities, initially jittery to force petroleum dealers to accept the new ZiG currency, have announced motorists can now buy petrol and diesel… Read more »
Parliament Concerned Over Continued Rejection of New ZiG Currency
New Zimbabwe
PARLIAMENT has expressed concern over the continued rejection of the newly launched Zimbabwe Gold (ZiG) currency by some traders. Read more »
Newly Launched ZiG Currency to Breathe Life Into Ailing Economy - Finance Minister
New Zimbabwe
Minister of Finance, Mthuli Ncube says the country's economy is expected to rebound as a result of the newly launched gold backed currency, Zimbabwe Gold (ZiG). Read more »
Mthuli Ncube Sets ZiG200 000 Fine for Traders Setting Prices Above Official Exchange Rate
New Zimbabwe
Finance Minister Mthuli Ncube has set a fine of ZiG200 000 to be paid by individuals and corporates found guilty of violating the country's exchange rate regulations. Read more »
Reserve Bank Clueless On Dealing With 'Big Fish' Fuelling Illegal Forex Trade
New Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu last week struggled to present a concrete plan to deal with wealthy politicians and businesspeople pumping money into… Read more »
Zimbabwe Authorities Troubled By Tumbling New Currency
VOA
Zimbabwean authorities responded swiftly to the recent decline in the new gold-backed currency by apprehending illicit moneychangers and closing the bank accounts of businesses… Read more »
16 Local Banks Sign Syndicated Foreign Currency Loan Agreement to Finance State Budget
Tunis Afrique Presse
A syndicated foreign currency loan agreement with 16 local banking institutions for a total amount of TND 570 million (€156 million and $16 million) was signed on Thursday… Read more »
FG Lists N4.214bn Savings Bonds On Ngx
This Day
The federal government has listed its April 2024 Savings Bonds worth N4.214 billion on the Nigerian Exchange Limited platform. Read more »
Nigeria's Economic Struggles - Is the Crypto Crackdown a Convenient Scapegoat? [opinion]
Vanguard
The naira to USD exchange rate has surged past 1,500, marking an unprecedented low for Nigeria's currency. As Nigerians grapple with the economic fallout, the government finds… Read more »
Swapo Company Denies Bankruptcy Claims
Namibian
The managing director of Gendev Fishing Resources, a fishing company partially owned by Swapo, says allegations that the company is on the brink of bankruptcy circulating on social… Read more »
Despite Naira Gain in April, Inflation Surged to 33.69 Percent
Daily Trust
Despite the naira making considerable gains in April, the prices of goods and services escalated reaching a new figure of 33.69 percent. Read more »