A well-regulated African cryptocurrency market is needed in order to protect users as well as help countries stop bad actors from using digital assets to
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Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling
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Report: Bank of America Economist Predicts 20% Devaluation of the Nigerian Currency in 2023
A Bank of America economist, Tatonga Rusike, has said the Nigerian currency is overvalued by as much as 20% and will likely be devalued in
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Report: Ghanaian Currency Slips to Another Low Versus the US Dollar
After it slipped to a rate of about 12:1, the Ghanaian cedi became the latest African currency to touch a new low versus the U.S.
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Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar
A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped
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Kenyan Central Bank Raises Key Rate by 75 Basis Points
The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to 8.25%.
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