Nigeria’s currency weakness: Tracing the reasons behind a weak Naira
The Nigerian currency called the Naira has been under intense pressure since the floatation of the exchange rate...
Tag : dollar
Oil price volatility continues amid geopolitical concerns, interest rate worries
A stronger dollar makes oil expensive for buyers with other currencies...
The rise of ‘anarcho-capitalist’ Javier Milei
Javier Milei, the economist, first got people's attention by showing up on a late-night TV show...
Nigerian Naira strengthens to N806.73 against Dollar at official market
The naira closed at N1,165 to the USD, the same exchange rate, marking a day of stability...
Naira’s value falls further as parallel market exchange rates widen
In 2023, the naira experienced its worst-ever performance on the illicit market, reaching 1,000 to the dollar...
Dollar’s kingship under threat?
As of 2023, central banks hold about 60% of their foreign exchange reserves in Dollars...
How central banks used gold since the 1990s
Central banks sold gold on the net in the 1990s and the first part of the 2000s...
Oil prices rise amid halt in US Fed rate hikes, China reopening
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...
Low dollar demand underpins Kenya’s forex by Sh760 mn
Remittance inflows stood at $260.7 million in September compared to Sh29.7 billion and Sh29.9 billion in the previous two months...
Turkey’s lira depreciates to an all-time low due to inflamed political tensions
The value of lira dropped as much as 0.9 percent to 7.8692 percent, with an extended loss of more than 24 percent...