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‘Fake News’ — CBN Denies Devaluing Naira

Jun 1, 2023.Jun 1, 2023. by Philip Ibitoye

CBN labelled as "fake news" the report alleging the devaluation of the naira

Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has denied the devaluation of the naira. Earlier Thursday morning, Daily Trust exclusively reported that the apex bank had devalued the naira from the official rate of N461.6/ 1 USD to N631. However, reacting to the report in a tweet later Thursday morning, the … Read more

Top 10 Strongest Currencies In Africa

Oct 25, 2022. by Praise Ben

Africa is not renowned for its technical advances or high quality of life, but rather for its poverty and deeply ingrained corruption, thus it is not expected that it would boast the strongest currencies in the world. Nevertheless, several legal tenders on the dark continent command respect on the foreign currency market; hence, this list … Read more