The naira has made a slight recovery against the U.S. currency, fuelling speculation by traders that it may be spurred on by currency speculators. Read more »
Millions being smuggled through South Africa might be intended to finance terrorist activities, or could have been obtained as ransoms, South African police officer Brigadier ... Read more »
The depreciating rand has undermined the competitiveness of Zimbabwe's exports while it remains good news for South African investors and local importers, according to analysts. Read more »
The currency is seeing a sharp drop against the U.S. dollar. Read more »
The Ecowas Commission says several "political and technical implications" will have to be considered before the implementation date of 2020. Read more »
Businesses and consumers are reportedly opting for transanctions in U.S. dollars and the local bond coins as the rand continues to weaken. Read more »
As the currency's value tumbles against major currencies, the Ghanaian Stock Exchange is struggling to compete against bourses on the continent. Read more »
The central bank's curb on foreign exchange has made it difficult for importers to pay their vendors abroad for services rendered before the cut-off date. Read more »
According to one of the arrested fake currency kingpins in Borno, Adam Ajid, the counterfeits were produced in Cameroon and smuggled into Nigeria. Read more »
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