Economy FeaturedEgypt’s inflation rises to 35.7% as country awaits dollar inflowsIFM CorrespondentMarch 14, 2024March 13, 2024 by IFM CorrespondentMarch 14, 2024March 13, 2024 Egypt's inflation rate fell from September 2023's record 38.0% before February 2024... Read more
Currency FeaturedNigeria’s currency weakness: Tracing the reasons behind a weak NairaIFM CorrespondentMarch 13, 2024March 12, 2024 by IFM CorrespondentMarch 13, 2024March 12, 2024 The Nigerian currency called the Naira has been under intense pressure since the floatation of the exchange rate... Read more
Featured Oil & GasOil price volatility continues amid geopolitical concerns, interest rate worriesIFM CorrespondentMarch 12, 2024 by IFM CorrespondentMarch 12, 2024 A stronger dollar makes oil expensive for buyers with other currencies... Read more
Economy MagazineThe rise of ‘anarcho-capitalist’ Javier MileiIFM CorrespondentJanuary 14, 2024January 18, 2024 by IFM CorrespondentJanuary 14, 2024January 18, 2024 Javier Milei, the economist, first got people's attention by showing up on a late-night TV show... Read more
Currency FeaturedNigerian Naira strengthens to N806.73 against Dollar at official marketIFM CorrespondentDecember 11, 2023December 11, 2023 by IFM CorrespondentDecember 11, 2023December 11, 2023 The naira closed at N1,165 to the USD, the same exchange rate, marking a day of stability... Read more
Currency FeaturedNaira’s value falls further as parallel market exchange rates widenIFM CorrespondentOctober 13, 2023October 12, 2023 by IFM CorrespondentOctober 13, 2023October 12, 2023 In 2023, the naira experienced its worst-ever performance on the illicit market, reaching 1,000 to the dollar... Read more
Economy MagazineDollar’s kingship under threat?IFM CorrespondentAugust 11, 2023August 11, 2023 by IFM CorrespondentAugust 11, 2023August 11, 2023 As of 2023, central banks hold about 60% of their foreign exchange reserves in Dollars... Read more
Commodity FeaturedHow central banks used gold since the 1990sIFM CorrespondentMarch 30, 2023March 30, 2023 by IFM CorrespondentMarch 30, 2023March 30, 2023 Central banks sold gold on the net in the 1990s and the first part of the 2000s... Read more
Featured Oil & GasOil prices rise amid halt in US Fed rate hikes, China reopeningWebAdminJanuary 30, 2023January 30, 2023 by WebAdminJanuary 30, 2023January 30, 2023 Chinese oil demand rose by about 1 million barrels per day from the previous month to 15.41 million BPD in November, the highest level since February... Read more
Featured ForexLow dollar demand underpins Kenya’s forex by Sh760 mnInternational Finance Business DeskNovember 12, 2020November 12, 2020 by International Finance Business DeskNovember 12, 2020November 12, 2020 Remittance inflows stood at $260.7 million in September compared to Sh29.7 billion and Sh29.9 billion in the previous two months... Read more