Tag: foreign exchange
MTN Nigeria’s net forex losses rises to staggering $102,363 billion
MTN Nigeria experienced significant financial strain due to a continued depreciation of the naira, reporting a net foreign exchange loss of $4,810, million in...
Flutterwave, CBN digitize access to Foreign Exchange for Nigerians
Flutterwave, Africa’s biggest FinTech firm has launched Swap, a new product that will digitise the process of getting foreign exchange for Nigerians with the...
MTN Nigeria’s profits slums by over 29% due to government policies
MTN Nigeria has reported a significant dip in half-year 2023 profit after Airtel Africa suffered a similar fate in the first quarter of the...
BREAKING: BoG fines, suspends forex licenses of Fidelity and FNB
The Bank of Ghana has temporarily suspended the foreign exchange (forex) licenses of Fidelity Bank and First National Bank (FNB) for flouting forex regulations...
BoG attribute Cedi depreciation to pressures in the economy
Governor of the Bank of Ghana (BoG), Dr Ernest Addison has attributed the depreciation of the Cedi against the main foreign currencies to “day...
Ghanaian tech startups turn to stronger currencies as the cedi falls
Inflation in Ghana has been rising for the past 11 months, hitting 31.7% in July, up from 29.8% the previous month. This is the...
BoG bares teeth at unauthorised transactions in foreign currency
The Bank of Ghana (BoG) has issued a directive to the general public and to quit pricing, advertising, receipting and making payments in foreign...