Tag: Naira
AfDB’s stormy forecast: 21 African currencies set to weaken against U.S. dollar in 2025
A new report from the African Development Bank (AfDB) warns that 21 out of 54 African currencies are projected to depreciate against the U.S. dollar ... Read More
Nigeria, Malawi and Rwanda have Africa’s worst-performing currencies in 2024
Nigerian naira, Malawian kwacha and Rwandan franc have been named the worst-performing African currencies against the US dollar in 2024, according to a latest report, ... Read More
Nigeria secures $134 million loan for agriculture
The Nigerian Government has secured a $134 million loan from the African Development Bank (AfDB) to strengthen its agricultural sector amid growing food insecurity concerns. ... Read More
Nigeria’s Naira, Kenyan Shilling worst hit of Africa’s devaluing currencies in 2023 with no hope in sight
African countries have faced a myriad of challenges in 2023, not the least of which was currency devaluation, with Nigeria's Naira and Kenyan Shilling experiencing ... Read More
Nigeria: nationwide strike suspended after talks between labour unions and president
Nigerian workers have suspended nationwide protests against a fuel subsidy removal and the rising cost of living following a meeting between union leaders with President ... Read More
Nigeria’s naira plunges to record lows as citizens react to govt’s redesign plan
Nigeria's currency, the naira, has dropped to a record low against the US dollar as Nigerians scramble to stockpile the greenback ahead of a redesign ... Read More
World’s worst-performing currencies: Ghana’s cedi, as Nigeria’s naira, SA’s rand also struggle
Ghana’s cedi slumped over the last three days to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the ... Read More
Nigeria’s Crisis Rings Alarm Bell in Algeria
Nigeria’s President Muhammadu Buhari comment saying that his country has suddenly became a poor country, resounded in Algiers as an alarm bell on the repercussions ... Read More