Exchange Rate & Currency

Naira Holds Firm at ₦1,534/$ as CBN Rate Stays Flat

Naira Holds Firm at ₦1,534/$ as CBN Rate Stays Flat

The naira remained steady at ₦1,534.20 per US dollar on Monday at the official Central Bank of Nigeria (CBN) exchange… Read More

3 hours ago

Naira Rate Converges at 1,535/$ in Both Official and Black Markets, Ahead of CBN’s MPC meeting

The naira on Friday traded at N1,535 to the dollar in both the official and parallel (black) markets, signaling a… Read More

2 weeks ago

France Ends Military Presence in Senegal

France on Thursday ended its armed forces' presence in Senegal after the commander of French forces in Africa, General Pascal… Read More

2 weeks ago

BoG’s Tight Grip on Interbank Rate Chokes Dollar Supply to Ghanaian Importers

The Ghanaian Cedi has been hailed as one of Africa’s best-performing currencies in 2025, with a steady official rate of… Read More

2 weeks ago

CBN Injected $4.1bn Into FX Market in H1 2025 to Defend Naira – Report

The Central Bank of Nigeria (CBN) injected $4.1 billion into the foreign exchange (FX) market in the first half of… Read More

2 weeks ago

Naira Rallies to ₦1,518.88/$, Testing the ₦1,500/$ threshold

The Nigerian naira rallied to a four-month high against the US dollar, buoyed by a Central Bank of Nigeria (CBN)… Read More

2 weeks ago

African Currencies Mid-2025 Performance Against the US Dollar: Key Trends and Insights

The first half of 2025 saw significant appreciation for several African currencies against the US dollar, with Ghana’s cedi topping… Read More

2 weeks ago

Naira Gains in Black Market, NFEM Rate Falls Amid Rising Dollar

The naira appreciated by N5 in the parallel market on Thursday, closing at N1,545 per dollar, an improvement from N1,550… Read More

3 weeks ago

Naira Holds Firm Amid Falling Oil Prices: Analysts See Stable FX Outlook for 2025

The Nigerian naira strengthened further last week, appreciating by ₦10.67 to close at ₦1,528.56 per dollar at the official foreign… Read More

3 weeks ago

Ghana’s Inflation Falls to Three-Year Low as Cedi Strengthens, Fueling Rate Cut Hopes

Ghana’s inflation rate plunged to its lowest level in over three years, driven by a strengthening cedi that is slashing… Read More

4 weeks ago