Top 10 Currencies in Africa Giving Dollars a Good Run US Dollars Adoption For International Trade Libyan Dinar Africa’s Strongest Currency Overtime the US Dollars a prominently strong currency has been adopted by international market forces to transact business in the global stage. It’s the currency through which many countries of the world use to … Read more
Recent Bloomberg report identifies Nigeria’s naira as worst-performing currency Naira hits record low against dollar, attributed to severe shortage of US dollars in local market. Volatility in currency expected to intensify pressure on CBN for rate hike. EKO HOT BLOG reports that a recent Bloomberg report highlights Nigeria’s currency, the naira, as the world’s worst-performing currency … Read more
EFCC has announced a crackdown on businesses charging customers in foreign currencies Schools, hotels, and supermarkets are among the entities targeted for accepting dollars and other foreign currencies The commission has deemed this practice illegal, putting pressure on the Naira, and vows to take action against offenders. EKO HOT BLOG reports that the Economic and Financial … Read more
Four Airlines that have suspended operations in Nigeria over trapped Forex concerns. The Federal Government’s inability to allow foreign airlines operating in the country’s airspace to repatriate their trapped funds has unsettled the nation’s aviation industry forcing some airlines to suspend their operations in Nigeria. This is as the international carriers operating in … Read more