Foreign Exchange
Ghana Gold Buyers Face Funding Delays as GoldBod Payments Stall
Companies licensed to purchase gold for Ghana's artisanal gold marketing agency GoldBod have faced payment delays of up to three weeks, forcing some...
Five Companies Lead Nigeria’s $120m Non Oil Export Drive
By Benson Daniel Five Nigerian companies have emerged as major contributors to the country’s $120 million non oil export haul, highlighting the growing...
RBI Calls for Clearer Bank Policies on Foreign Exchange Charges and Remittances
India’s central bank has urged lenders to adopt clearer policies on foreign exchange charges, documentation and processing timelines after a review found gaps...
Naira Strengthens Against Pound, Closes at N1,819/£1
By Benson Daniel The Nigerian naira strengthened against the British pound, with the pound closing at N1,819 on Tuesday, improving from N1,830 recorded...
IMTO Inflows Rise 45% to Record $1.29bn in First Quarter
By Benson Daniel Nigeria recorded a strong increase in foreign exchange inflows through International Money Transfer Operators in the first quarter of 2026,...
FX, OMO Trading Drives FMDQ Turnover to N426.5tn in Seven Months
By Benson Daniel Trading activity on the FMDQ Exchange rose to N426.51 trillion between January and July 2026, driven largely by strong foreign...
NAFEM Turnover Climbs to $1.41bn as Foreign Exchange Trading Rebounds
By Benson Daniel Turnover on the Nigerian Autonomous Foreign Exchange Market rose sharply to $1.41 billion on August 17, marking a five week...
CBN Reports Record $1.29bn IMTO Inflows in Q1 2026
By Benson Daniel Inflows through International Money Transfer Operators rose to a record $1.29 billion in the first quarter of 2026, representing a...
