Exchange Rate & Currency

Why the Ghana Cedi is the Best Performing Currency in 2025

Why the Ghana Cedi is the Best Performing Currency in 2025

The Ghana Cedi (GHS) has been the best-performing currency in Africa and globally in 2025, posting the strongest gain against… Read More

1 month ago

Finance Minister Edun, CBN Governor Cardoso Meet to Align Fiscal and Monetary Policies Amid Easing Inflation

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, held a strategic meeting today with Central… Read More

1 month ago

Ghana’s Economic Recovery: Inflation Drops, Cedi Rises, Exports Thrive, and IMF Fuels Progress

Ghana, one of West Africa's economic powerhouses, is staging a remarkable recovery from its worst economic crisis in a generation.… Read More

2 months ago

Moody’s Upgrades Nigeria’s Credit Rating to ‘B3’ on Back of Bold Economic Reforms

Moody’s Investors Service has upgraded Nigeria’s long-term foreign-currency and local-currency issuer ratings from Caa1 to B3, with a stable outlook,… Read More

2 months ago

Seplat Energy Sets ₦1,584.95/$ as Exchange Rate for Q1 2025 Interim Dividend

Seplat Energy Plc, the leading Nigerian independent energy firm dual-listed on the Nigerian Exchange Limited (NGX) and the London Stock… Read More

2 months ago

Seplat Energy Sets ₦1,609.64/USD Exchange Rate for 2024 Final and Special Dividend Payments

Seplat Energy Plc, the dual-listed Nigerian independent energy company, has announced the exchange rate to be used for converting its… Read More

3 months ago

CBN Records $9 Billion Loss From Settling Overdue Forex Derivatives

The Central Bank of Nigeria (CBN) had a N13.9 trillion ($9 billion) loss on the settlement of overdue derivatives contracts… Read More

3 months ago

UBA Q1 2025: Profit Rises to ₦189.8 Billion, Operating Income Up 23% to ₦464.2 Billion on FX and Fees

United Bank for Africa (UBA) reported a 33% year-on-year rise in net profit to ₦189.8 billion in the first quarter… Read More

3 months ago

IMF Calls for Strategic Use of Fuel Subsidy Savings After 2025 Article IV Mission to Nigeria

An International Monetary Fund (IMF) team, led by Axel Schimmelpfennig, the mission chief for Nigeria, completed its 2025 Article IV… Read More

3 months ago

CBN Injects $197m as Naira Hits Record Low; Ekekwe Urges Exchange Rate Peg at ₦1,200/$

The Central Bank of Nigeria (CBN) on Friday intervened in the foreign exchange market, injecting $197.71 million to stem the… Read More

4 months ago