The central bank's acting director of corporate communications, Isaac Okorafor, said in a statement in Abuja that the bank would soon introduce a new forex retail option. Read more »
The Senate has asked the Central Bank of Nigeria to convert the country's lower currency notes into coins to facilitate highly repetitive retail transactions. Read more »
Residents of Bangladesh, the largest slum in Mombasa county, have been using the Bangla-Pesa as a complementary currency - but county commissioner Evans Achoki said the unit is not ... Read more »
The renewed conflict in the world's youngest nation has led to a significant decrease in the of volume of the cross-border trade, affecting neighbouring economies. Read more »
The affected banks refused to sell forex to small and medium enterprises that met disbursement requirements. Read more »
The region has moved a step closer to attaining a Monetary Union after the Council of Ministers adopted two key bills that will help the partner states to progressively ... Read more »
In the past eight months, artisanal miners have outdone the formal mining sector by millions of dollars in revenue. Read more »
Credit rating agency Fitch has joined Standard & Poor's in placing South Africa's credit rating at sub-investment grade. This after protesters across the country demonstrated ... Read more »
President Muhammadu Buhari says that the economic growth and recovery plan will bring together all the sectoral plans for agriculture and food security, energy and transport ... Read more »
The naira has depreciated further on the parallel market in spite of the commitment of the Central Bank of Nigeria to boost liquidity in the market. Read more »
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