Posted inBanking Economy Regulations
CBN Launches Compliance Department to Tackle Fraud, Boost Oversight
CBN launches new Compliance Department to boost financial supervision, fight fraud, and tighten regulation of…
Posted inBanking Economy Regulations
CBN Launches Compliance Department to Tackle Fraud, Boost Oversight
CBN launches new Compliance Department to boost financial supervision, fight fraud, and tighten regulation of…
Posted inAfrica Crypto Economy Events Stablecoins
Ripple Expands RLUSD Stablecoin to Africa Through Chipper Cash, VALR, and Yellow Card
Ripple launches its U.S. dollar stablecoin RLUSD in Africa, boosting payments, liquidity, and humanitarian aid…
Posted inAfrica Economy Press Release Trends
BRICS Loans in Chinese Yuan Attract Developing Nations Over Costly US Dollar
Developing nations shift to Chinese yuan loans from BRICS, citing lower borrowing costs and massive…
Naira Stability Boosted by China Currency Swap and Peer-to-Peer Forex Trading
Nigeria’s naira steadies as Chinese yuan swap deal and peer-to-peer forex trading reduce pressure on…
Posted inEconomy Exchange NAIRA RATE
Naira Strengthens as Diaspora Remittances Surge, While U.S. Dollar Faces Pressure Ahead of Fed Rate Decision
Nigeria’s naira gains support from remittances and investments as U.S. dollar weakens on Fed rate…
South Africa Rejects BRICS De-Dollarization, Sparking Exit Speculation Amid Economic and Political Costs
South Africa dismisses BRICS currency union as misinformation, fueling exit talks over economic stagnation, geopolitical…
Abuja Court Joins Moniepoint in N21 Billion Fraud Case Involving EFCC, POS Merchants
Abuja court joins Moniepoint in N21B fraud case linked to Providus Bank POS glitch, EFCC,…
Abuja Court Joins Moniepoint in N21 Billion Fraud Case Involving EFCC, POS Merchants
Abuja court joins Moniepoint in N21B fraud case linked to Providus Bank POS glitch, EFCC,…
China’s Africa Exports Surge 25% in 2025, Reaching $122 Billion Amid US Tariff Pressures
China’s exports to Africa surge 25% in 2025, hitting $122B, as US tariffs redirect trade…
Posted inAfrica Banking Crypto Economy Stablecoins
Stablecoin Adoption Surges Amid USD Crises in Egypt, Nigeria, and Argentina
Stablecoins hit $35B in volumes as Egypt, Nigeria, and Argentina face currency collapse, inflation, and…
South Africa Plans Sweeping Derivatives Market Reforms to Reduce Systemic Risks
South Africa is tightening oversight of OTC derivatives, introducing new clearing and capital rules to…
Posted inBanking Economy NAIRA RATE Regulations
Nigeria Approves New 2024–2027 Debt Strategy to Strengthen Fiscal Stability and Manage Borrowing Risks
Nigeria adopts a fresh debt plan for 2024–2027, setting strict sustainability targets to stabilize borrowing…
Posted inEconomy Exchange Price Analysis
Nigeria’s FX Reserves Climb to $41 Billion, Highest Since 2021
Nigeria’s foreign reserves hit a 44-month high of $41B, reflecting improved FX inflows, oil earnings,…
Foreign Investors Flock Back to South African Bonds, Delivering Top Emerging Market Returns
South Africa’s bonds are attracting strong foreign inflows, offering some of the highest real yields…
India Eyes Nigerian Oil Purchases in Naira, Boosting De-Dollarization Efforts
India’s potential purchase of Nigerian oil in naira could mark a major push toward global…
Posted inEconomy Exchange Price Analysis
Nigerian Firms Post Record Cash Flows Amid Economic Recovery
Nigerian corporates rebound sharply in 2025 as stable naira fuels record operating cash flows, outpacing…
BRICS Expansion 2025: 11 Members, 32 More Nations in Line to Join
BRICS expands to 11 members, with 32 more nations seeking to join the influential economic…
CBN Concludes FX Forward Audit, Refunds Banks in Naira
The CBN has refunded naira to banks after closing its audit into failed FX forward…
Posted inEconomy Exchange Price Analysis Trading
Nigerian Stock Market Surges 16.57% in July, Best Month of 2025
Nigerian equities posted their strongest 2025 monthly gain in July, fueled by surging investor activity…
South Africa Slapped With 30% U.S. Tariff Amid Trade Tensions
Trump's new tariffs hit African exports hard, especially South Africa, shaking up Agoa trade…
Posted inEconomy Exchange NAIRA RATE Trading
Naira Rallies as Dollar Supply Improves
Naira gains strength as dollar inflows rise, forex policies tighten, and speculation crackdown boosts investor…
South Africa Pushes for U.S. Trade Deal Ahead of Tariff Deadline
South Africa races to secure a trade deal with the U.S. before steep tariffs hit…
Nigerian Stock Market Hits Record High, Closes Above 131,000 Points
Nigerian stocks soared to new 2025 highs, extending gains amid bullish sentiment and sector strength.…
Trump’s GENIUS Act Could Reshape Africa’s Stablecoin Future — New Law Sparks Global Ripple Effects
As Trump signs the GENIUS Act, Africa’s digital dollar lifeline faces new U.S.-driven regulations, risks,…