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Naira Picks Up from 3-Year Low; Rare Short-Term Cheer for Rand

IMF rapid financing brings Naira relief Increased CBN dollar supply and the IMF’s $3.4 billion emergency support under the Rapid Financing Instrument (RFI) halted the

Naira at a 3-Year Low; Rand Shows No Let-Up for Worst EM Currency

Naira at a 3-year low has further to fall The crash in oil prices sent the Naira to its weakest level since 2017 in the

Nigerian spenders in lockdown bring false stability to Naira

Nigerian spenders in lockdown bring false stability to Naira Gloom over OPEC’s seeming inability to withstand further slumps in global oil prices left the Naira

Temporary Relief for Rand; Low tax revenues to put pressure on Kenyan Shilling

Relief for Rand unlikely to sustain After the week’s 4.7% rally from lows against the dollar on optimism of a peak in coronavirus cases in

Increased Pressure on African Currencies Amidst COVID-19 Chaos

Nigeria in lockdown faces bank pressure The Naira tumbled to its weakest level in 5 years in the parallel market at 415 per dollar, widening

No relief for Rand, Naira; Kenya, Uganda intervene to maintain stability

Moody’s adds to pain amid world’s toughest lockdown As South Africa began the world’s toughest coronavirus lockdown (no jogging, no dog walking, no alcohol or

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Nigeria deploys trillion-Naira bazooka; SA awaits Moody’s verdict: AZA FX Week Ahead

Nigeria deploys trillion-Naira bazooka As we predicted here last Monday, the Naira recouped some of its losses and appreciated 1.4% against the dollar for the

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Naira recoups losses; East African currencies remain stable amidst COVID-19

CBN bares teeth to end Naira spiral; expect further recouping of losses Assurances from the Central Bank of Nigeria that it is not the verge

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Oil plunge will hurt Naira; Recession pressure for Rand

Oil price plunge sets Naira on course for further weakeningToday’s 30% crash in global oil prices sets the Naira on course for further depreciation. The

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