Tag: AFR
Nigeria gets refineries investment, forex pledge from Saudi Arabia
Nigeria's President Bola Tinubu looks on after his swearing-in ceremony in Abuja, Nigeria May 29, 2023. REUTERS/Temilade Adelaja/File Photo Acquire L [...]
Explainer: What is pushing the Nigerian naira to record lows?
A man counts Nigerian naira notes in a market place in Yola, Nigeria, February 22, 2023. REUTERS/Esa Alexander/File Photo Acquire Licensing RightsABU [...]
Kenyan shilling slides to fresh low on broad FX demand
A teller counts Kenya shilling notes inside the cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas [...]
Olam Group denies allegations of multi-billion dollar forex fraud in Nigeria
An Olam logo is pictured in their office in Singapore August 14, 2017. REUTERS/Edgar Su/File Photo Acquire Licensing RightsSept 11 (Reuters) - Singa [...]
Nigeria’s central bank auctions FX at 645 naira, weaker than spot rate
ABUJA, June 2 (Reuters) - Nigeria's central bank has sold the dollar at 645 naira at its latest auction, results showed on Friday, lower than 465 nair [...]
Exclusive: IMF, others should give $100 billion climate foreign-exchange guarantee, document says
Part of more detailed Bridgetown Initiative documentSent to world leaders ahead of June summit in ParisWould help de-risk investments in local currenc [...]
Kenyan shilling slides on manufacturer, oil importer FX demand
NAIROBI, May 12 (Reuters) - The Kenyan shilling slid against the dollar on Friday, as manufacturers and oil importers sought limited foreign currency, [...]
Egypt’s central bank taking action to regulate forex market
CAIRO, Dec 26 (Reuters) - Egypt's central bank said on Monday it is taking all necessary actions to regulate the foreign exchange market and achieve m [...]
Egypt’s currency slides as IMF deal triggers new FX regime
Central bank hikes rates in effort to contain inflationIMF says deal can catalyze about $5bln in FY 2022/33Finance rules that snarled imports to be ph [...]
FOREX Gas woes drag euro lower, dollar gains on recession worry
Dollar index climbs for first time in four sessionsEuro on pace for biggest daily pct decline in two weeksNEW YORK, July 26 (Reuters) - The dollar ros [...]
Donor-dependent Malawi devalues kwacha by 25% as forex runs low
BLANTYRE, May 27 (Reuters) - Donor-dependent Malawi devalued its kwacha currency by 25% on Friday, the central bank governor said, announcing a return [...]
Zimbabwe suspends bank lending in bid to arrest currency decline
A street vendor poses as he displays bond notes, before the introduction of new currency in Harare, Zimbabwe, November 11,2019. REUTERS/Philimon Bulaw [...]
FX steady with eyes on Russia-Ukraine; S.African rand up before budget
U.S. and allies ramp up Russia sanctionsRouble reverses course to slip 0.3%MSCI's FX, stocks up ~0.3% eachRand gains ahead of national budgetFeb 23 (R [...]
Russian rouble rises, outshines EMEA FX for the week
Rouble up 2.2% for the weekTurkish consumer confidence slips 2.8% in FebS.African Rand eyes third straight weekly gainFeb 18 (Reuters) - The Russian r [...]
Russian rouble rises, outshines EMEA FX for the week
Rouble up 2.2% for the weekTurkish consumer confidence slips 2.8% in FebS.African Rand eyes third straight weekly gainFeb 18 (Reuters) - The Russian r [...]