foreign exchange News
Latest articles and news about foreign exchange on AXL Media.
Latest Articles
- AXA Mansard Reports 22% Revenue Surge to N160.6 Billion While Navigating Foreign Exchange Headwinds
Published: Apr 25, 2026
Section: Africa
AXA Mansard Insurance Plc achieved N160.56 billion in insurance revenue for the 2025 financial year, marking a 22 percent increase despite significant macroeconomic pressure. While...
- Central Bank Governor Dismisses Reserve Depletion Fears Citing Buffers Above International Recommendations
Published: Apr 18, 2026
Section: Africa
Governor Olayemi Cardoso has addressed concerns over the decline in Nigeria’s external reserves, stating the current levels remain well above the minimum thresholds suggested by th...
- Israeli Shekel Hits 31 Year High Against Dollar Amid Growing Geopolitical Optimism and Economic Resilience
Published: Apr 15, 2026
Section: Israel
The Israeli shekel has reached its strongest valuation since 1995, trading near the psychological threshold of NIS 3 to the dollar. Market analysts attribute this significant appre...
- Prime Minister Shehbaz Sharif Deploys Electric Fleet to Slash Pakistan Fuel Costs and Currency Outflow
Published: Apr 7, 2026
Section: Companies & Industry
Prime Minister Shehbaz Sharif inaugurated the first phase of an electric vehicle initiative for Islamabad Traffic Police to reduce national dependence on imported fuel. The program...
- Central Bank of Nigeria Grants International Oil Companies Unfettered Access to 100% Export Forex Proceeds
Published: Mar 26, 2026
Section: Africa
The Central Bank of Nigeria (CBN) has dismantled previous restrictions on foreign exchange repatriation for International Oil Companies (IOCs). Under a new directive aimed at boost...
- CBN Reports 772% Surge in Nigeria’s Net Foreign Reserves to $34.8 Billion, Crediting Transparent Policy Reforms
Published: Mar 3, 2026
Section: Africa
The Central Bank of Nigeria (CBN) has announced a significant milestone in its economic recovery efforts, with net foreign exchange reserves skyrocketing by 772% over a two-year pe...
- Naira Defies Volatility to Close February Stronger at ₦1,368.5/$, Posting Significant Month-on-Month Gains
Published: Mar 2, 2026
Section: Africa
The Nigerian Naira concluded February 2026 on a positive note, appreciating against the U.S. Dollar to close at ₦1,368.5 at the official NAFEM window. This performance marks a nota...
- Discovery Bank Enhances International Travel Ecosystem with Multi Currency Cards and Expanded Airport Lounge Access
Published: Feb 17, 2026
Section: Banking & Finance
Discovery Bank has introduced significant updates to its travel offering, providing users with enhanced multi currency capabilities and broader access to global airport lounges. Th...