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MainNewsForeign exchange
Nigerian Oil Marketers Denounce Oil De-Dollarization Policy

Nigerian Oil Marketers Denounce Oil De-Dollarization Policy

Olufemi Adewole, Executive Secretary of DAPPMAN, warns that Nigeria’s Naira-for-crude oil transaction framework could destabilize foreign exchange ...
Ethereum CLS Shows Price Will Rebound Above $2,600, Here’s Why

Ethereum CLS Shows Price Will Rebound Above $2,600, Here’s Why

The Ethereum price is showing signs of a possible trend reversal as technical indicators like the Continuous Linked Settlement (CLS) suggest a brea...
Phantom Money: Counterfeit Dollar Bills Haunt Istanbul Bazaar

Phantom Money: Counterfeit Dollar Bills Haunt Istanbul Bazaar

Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar, with some bureaus halting the purchase of...
Zimbabwe Plans to ‘Float’ Rapidly Depreciating Gold-Backed Currency

Zimbabwe Plans to ‘Float’ Rapidly Depreciating Gold-Backed Currency

Zimbabwe has said it plans to let its rapidly depreciating gold-backed currency, Zig, float freely on the foreign exchange market. A central bank o...
Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?

Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?

The Nigerian naira recently hit a new low against the U.S. dollar, ranking among the three worst-performing currencies globally. Dollar Liquidity D...