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Nigeria: NFEM Turnover Hits $3.80bn in One Week, 1,514 Deals Executed
[This Day] Foreign exchange turnover at the Nigerian Foreign Exchange Market (NFEM) stood at $3.80 billion in the week ended August 7, 2026, as market activity increased towards the end of the week, with 1,514 deals executed across the five trading sessions.

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Uganda: Uganda Finds a Smoother Route to China's Yuan
[Independent (Kampala)] Ugandan businesses trading with China are set to gain faster access to yuan payments after Stanbic Bank Uganda became the country's first lender to connect to China's Cross-Border Interbank Payment System, or CIPS.

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Ethiopia: 'People Earning Wages in Birr Saw Their Incomes Decimated': Former WB President Says Ethiopia's Currency R...
[Addis Standard] Addis Abeba -- Former World Bank President David Malpass has said that Ethiopia's currency devaluations and exchange-rate reforms have significantly worsened poverty, saying people paid in birr "saw their incomes decimated" while a narrow group benefited from privileged access to foreign exchange and local-currency loans.

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West Africa: Guinea Opts Out of Ecowas Single Currency Plan
[Daba Finance] Guinea has become the first ECOWAS member to say it will keep its currency rather than adopt the Eco when the regional currency starts. The decision leaves the Guinean franc in place as the bloc targets a phased launch in July 2027.

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Nigeria: Dele Oye - Naira Vulnerable Amid $4.4bn Week-Long Fx Turnover, Alleges Dollarisation, Structural Weaknesses
[This Day] Claims Dangote's temporary dollar pricing exposed how major firms can trigger FX shocks Seeks greater transparency, deeper reforms, long-term capital to strengthen market resilience

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