China’s State Banks Engage in Offshore Dollar Sales to Curb Yuan Declines.
In the early hours of Thursday, major state-owned banks in China were observed engaging in dollar selling to purchase yuan ...
Tag: currency depreciation
Widening Gap After Exchange Rate Unification: I&E Window vs. Parallel Market Rate.
The recent unification of the exchange rate in Nigeria aimed to close the gap between the Investors and Exporters (I&E) ...
Britain to add Nigeria’s naira to list of accepted trade currencies.
In a move signaling its commitment to bolstering trade ties with Nigeria, Britain's export finance agency has announced the inclusion ...
Identifying the Factors Behind Nigeria’s Petrol Inflation Surge.
The inflation figures for Nigeria in June 2023 recorded a slight increase compared to the previous month. This rise can ...
Nigeria’s Inflation Reaches 18-Year High, Government Implements Reforms to Tackle Rising Costs
Nigeria is facing its highest inflation rate in 18 years, with reports indicating that it reached approximately 24 percent in ...
South African Rand Plunges to New Low as Interest Rates Rise
The South African economy has been facing a turbulent period, marked by worsening electricity shortages, rising inflation, and recent allegations ...
CBN Governor, Godwin Emefiele Bags National Honour As He Prepares To Leave Office.
Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), was recently bestowed with the prestigious Commander of the ...
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