Mohau Seoela of the Central Bank of Lesotho has said that while adoption of the Yaun would ensure "smooth trade" with China, it would not supplant the South African Rand for use in ... Read more »
The Central Bank of Nigeria has said it will exchange N720 billion for 15 billion Chinese Renminbi (Yuan) in three years under the U.S.$2.5 billion bilateral currency swap with the ... Read more »
Nigeria and China recently signed a bilateral agreement to operate a three-year currency-swap deal aimed at facilitating enhanced trade between both countries. Read more »
The two countries have signed a three-year currency-swap agreement of U.S.$2.4 billion to boost bilateral trade and investment and promote financial stability. Read more »
"Experts say conditions on the continent are great for virtual currency. Interest in cryptocurrency, a form of digital currency, is growing steadily in Africa. Some economists say ... Read more »
The Central Bank of Nigeria has cautioned Nigerians to be wary of investments in cryptocurrency, stressing that virtual currencies are not legal tender in Nigeria. Read more »
President Muhammadu Buhari has urged ECOWAS member countries to tread carefully in pushing for a single currency in the sub-region by 2020, drawing attention to the challenges ... Read more »
The Naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote trade with Britain. The ... Read more »
Pharmaceutical, clothing, and footwear companies, as well as cement and iron traders in commercial areas in Khartoum have suspended sales to avoid losses as the Sudanese pound ... Read more »
An ownership stake in a never-activated Cayman Islands company, reported in the #ParadisePapers leak, has again focused media attention in Nigeria on Bukola Saraki, the Senate ... Read more »
AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.