January 12, 2017/Cordros Research At the time of writing, the naira — in the interbank segment of the market – had declined against two of the three currencies we track. The NGN/GBP (-0.67%) and NGN/EUR (-0.66%) weakened to N388.13 and N335.38 respectively, while the NGN/USD (+0.16%) strengthened to N304.50. In […]

Culled—The Guardian Clara Nwachukwu Put ideal exchange rate at N400 to $1 Instituting a single market driven foreign exchange (forex) rate has been identified as a major step to stabilising the value of the Naira against other currencies, while also stemming volatility on account of speculations in system. The Association […]

Culled—Reuters January 9, 2017 Zimbabwe’s biggest banking group CBZ Holdings has suspended the use of Visa cards for local transactions due to high costs and cash shortages, its chief executive officer said on Monday. The Reserve Bank of Zimbabwe last November introduced a “bond note” currency to ease chronic cash […]