Africa’s Journey into the Global Market Africa’s trade and economic landscape has significantly transformed over the past few decades. Historically, African businesses have faced immense difficulties conducting cross-border transactions due to unreliable financial infrastructures, high remittance fees, and a lack of payment interoperability. However, the rapid rise of digital payment solutions and fintech innovations has […]

Back in 2017, Africa’s e-commerce sector was valued at $16 billion, but projections indicate it will skyrocket to $75 billion by 2025. This growth is largely driven by cross-border payment solutions, allowing businesses to tap into new markets beyond their home countries.  E-commerce in Africa has come a long way from its early days of […]

As a Nigerian treasury manager, navigating the foreign exchange (FX) market is a crucial aspect of your role. The Naira’s fluctuations can significantly impact your company’s bottom line.  This blog post provides actionable strategies to effectively manage your foreign currency risk. Understanding Foreign Currency Risk in Nigeria The Nigerian FX market presents unique challenges. Unforeseen […]

Deciding whether to invest in Naira in 2025 requires a strategic approach, where to invest and how. With inflation at 34.60% as of November 2024, the priority is not just returns but real returns enough to that outpace inflation. In this blog post, we’ll explore the potential advantages and disadvantages of investing in Naira in […]

As Nigeria continues to diversify its economy and strengthen its global trade relationships, identifying the top countries for import/export business is key for businesses looking to expand their reach in 2025.  Whether you’re an importer or exporter, this blog explores the top 10 countries Nigerian businesses should focus on for import/export activities in 2025, based […]

As a business providing foreign exchange services and cross-border payment solutions for other businesses, one of the most common questions we receive is: Why does the foreign exchange market operate multiple exchange rate windows? This blog post aims to clarify this concept and shed light on the reasons behind it. Understanding the Different Exchange Rate […]

In today’s interconnected global economy, foreign exchange (FX) is more than just a mechanism for trading currencies; it’s a critical driver for business expansion. Whether you’re a small startup or a multinational corporation, leveraging the power of FX can unlock new opportunities and propel your business to new heights. Find tips on how to manage […]

The new year is a great time to reflect on your financial goals and make a plan to achieve them. Here are some practical tips to help you take control of your finances in 2025: Create a Budget This is the first step to managing your money effectively. A budget helps you track income and […]

Making international payments is a common necessity, whether you’re paying for goods and services, supporting family abroad, or managing cross-border investments. However, these transactions often come with hidden fees that can take a toll on your finances. Here are some practical tips to help you reduce costs on your next international payment. 1. Shop Around […]

2024 FX Recap Nigeria’s foreign exchange market in 2024 faced notable challenges, with the Naira experiencing 40.9% depreciation against the US dollars in the official market and a 26.8% depreciation in the parallel market. The official exchange rate saw considerable volatility, starting the year at approximately N1,386.5/USD, while reaching an all-time high of N1660/USD  in […]