Egypt and Ethiopia among six countries invited to join BRICS
This is the bloc’s first expansion in 13 years.
State of fiat
Your fiat money is backed by the issuing government’s “full faith and credit.” What’s that worth these days?
State of fiat informs about the situation of your local currency.
The naira stabilized following NNPC’s $3 billion loan deal with Afreximbank
The funding is expected to be used to support the federal government in its efforts to stabilize the naira.
The 2023 BRICS Summit: outlook and expectations
Here’s why the summit, scheduled for Aug. 22 to Aug. 24 in South Africa, could be significant for the global economic landscape.
Nigerian bureau de change union asks the government to ban Binance
ABCON believes the continued operation of Binance in the country threatens the naira’s stability.
World Bank suspends funding to Uganda over anti-LGBTQ law
The bank said the law was in opposition to its values and goals.
World Bank suspends disbursements to Niger amid sanctions
The Bank cited political unrest in the country as the cause of the suspension of funding.
Egypt launches new ‘high interest’ dollar savings certificate
These certificates are valid for three years and available to Egyptian nationals or foreigners with a minimum deposit of $1000.