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If the spot date falls on the last business day of the month in the currency pair then the delivery date is defined by convention to be the last business day of the target month e.g. assuming all days are business days: if spot is at 30 April, a one-month time to expiry will make the delivery date 31 May. This is described as trading "end-end".
The court documents seen by TechCabal included a petition by Flutterwave's legal counsel to the police, dated February 20, 2023. [40] On February 8, 2024, TechCabal further published an exclusive report into how Flutterwave has been defrauded up to the tune of $24m through a court order secured to obtain return of such funds from over 6,000 ...
According to a recent (June 2024) report by Naija News, the parallel market exchange rate of the naira to the U.S. dollar is around ₦1483 per 1 USD, significantly higher than the official Central Bank of Nigeria rate. This disparity highlights underlying economic challenges and market pressures. [69] Rate of the Nigerian naira for US$1 (1994 ...
Olugbenga Agboola OON (born 1985 [1]) is a Nigerian software engineer, entrepreneur, and business leader.He is the CEO and co-founder of Flutterwave, [2] [3] [4] Vice Chairman of the U.S.-Africa Business Center Board, [5] and a member of prominent business organizations including the Milken Institute Africa Business Leaders Council, [6] the Wall Street Journal CEO Council, [7] and the Fast ...
Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar). In some places there is a thriving street trade by unlicensed street traders in US dollars or other stable currencies, which are seen as a hedge against local inflation. The exchange rate is ...
All the figures below have been converted to U.S. dollars, as different countries report data in different currencies. The U.S. dollar equivalents have been calculated using currency exchange rates as well as the gold price at the reported date. Not all countries keep gold as reserves, to avoid physical storage costs and the risks associated ...
In 2016, he cofounded Flutterwave, Africa's leading payments technology company. [ 5 ] Aboyeji is currently the general partner and co-founder of Future Africa, a platform that provides capital, coaching and community for mission-driven innovators.
eNaira is a Central bank digital currency issued and regulated by the Central Bank of Nigeria. [1] It was the first of its type in Africa. [2] Denominated in naira, the eNaira serves as both a medium of exchange and a store of value and claims to offer better payment prospects in retail transactions when compared to cash.