Nigeria: Naira for Crude Transactions Will Take Us Out of the Last 40 Years - Tinubu

Daily Trust

President Bola Ahmed Tinubu has commended the Implementation Committee of the Naira-based sale of crude oil and refined products, saying the policy is aimed at taking the country… Read more »

Zimbabwe: RBZ's U.S.$50m Injection to Anchor Exchange Rate

The Herald

The Reserve Bank of Zimbabwe's market interventions, which saw US$50 million being injected into the interbank foreign exchange market in October alone, have been lauded by… Read more »

Zimbabwe: ZIG No Longer Legal Tender - Top Lawyer Argues Statutory Instrument Giving Life to New Currency Lapsed and Cannot Be Extended

New Zimbabwe

RENOWNED lawyer, Thabani Mpofu has poked holes on the legal status of the country's latest currency, Zimbabwe Gold (ZiG), arguing that legislation supporting it has expired. Read more »

Zimbabwe: Currency Reform Measures Do Not Lapse - RBZ Says ZWG Legal Status Above Board

New Zimbabwe

THE Reserve Bank of Zimbabwe (RBZ) has refuted claims challenging the legal status of the ZWG, insisting the new currency's status is well above board. Read more »

Nigeria: Inflation, Interest Rates, and the CBN's Options, By Uddin Ifeanyi [opinion]

Premium Times

Very few patients with a life-threatening ailment would substitute the likelihood of death for the short-term inconvenience of a proven therapy. None would settle for the ravages… Read more »

Nigeria: Ndume Backs Tinubu On De-Dollarisation Policy

Leadership

Senator representing Borno South at the National Assembly, Ali Ndume, has expressed support for the recent de-dollarisation policy introduced by President Bola Tinubu… Read more »

Nigeria: No Deadline On Circulation of Old Naira Notes, Central Bank Assures Nigerians

Premium Times

This follows the House of Representatives' call for the CBN to issue more new ₦200, ₦500, and ₦1,000 notes and gradually withdraw the old ones before the 31 December… Read more »

Nigeria: Nigeria's External Reserves Hits $40.2bn - CBN

Vanguard

The Central Bank of Nigeria, CBN said that the nation's external reserves has risen to $40.2 billion as at October 18, 2024. Read more »

Nigeria: Govt Blames Hoarders For Driving Inflation

Daily Trust

Hoarders of grains have been identified as significant contributors to food inflation in the country. Read more »

Nigeria: CBN Counters House of Reps, Says No Deadline On Old Naira Notes

Leadership

The Central Bank of Nigeria (CBN) has said that there is no plan to stop the circulation of the old denominations of Naira banknotes. Read more »

Nigeria: CBN Moves to Ensure Forex Market Not Dependent On Intervention - Official

Premium Times

The CBN plans to improve supply organically without its intervention from time to time while maintaining balance in the market. Read more »

West Africa: Nigeria Drops Charges Against Binance Cryptocurrency Boss

Nile Post

BBC | Nigeria's anti-corruption agency has dropped a money-laundering case against a top cryptocurrency executive to allow him to get medical treatment abroad. Read more »

Zimbabwe: ZIG's Devaluation Reflects Zimbabwe's State of Perpetual Crisis [analysis]

ISS

A vicious cycle of currency failure, policy inconsistency and short-term fixes has battered investor and citizen confidence. Read more »

Nigeria: Naira Showing Signs of Stability - IMF

Daily Trust

The International Monetary Fund (IMF) has said Nigeria's currency, the naira, is showing signs of stability. Read more »

Nigeria: Forex Subsidy Cost Nigeria N13trn in 3 Years - World Bank

Leadership

The federal government incurred a significant loss of N13.2trn in foregone revenue as a direct consequence of the implementation of its foreign exchange subsidy policy between 2021… Read more »

Zimbabwe: Central Bank Says ZWG Backing Gold Reserves Up U.S.$450 Million

New Zimbabwe

THE Reserve Bank of Zimbabwe (RBZ) says the quantum of gold backing up the ZWG has increased to US$450 million on the back of calls for citizens to be calm ahead of strengthening… Read more »

Nigeria: Nigeria Has No Laws to Tax Cryptocurrencies - FIRS Chairman

Premium Times

The FIRS explained that the existing laws do not include provisions for taxing gains from cryptocurrencies and other digital assets. Read more »

Nigeria: Siban Delists Erring Members, Calls for Caution

This Day

The management of Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), has delisted some of its members for various offences. Read more »

Zimbabwe: Localization in Zimbabwe - a Critical Look At the Grand Bargain and Charter for Change

IPS

Localization has become a buzzword in international development, aiming to shift power and resources closer to the communities directly impacted by crises. Read more »

Africa: Naira Among Worst-Performing Currencies in Africa, Depreciates By 43% - World Bank

Vanguard

The Nigerian naira has been listed as one of the worst-performing currencies in Sub-Saharan Africa in 2024, according to the World Bank's latest Africa's Pulse report. Read more »