₦airaland Forum

okpeho:
I’ve personally been using Kyvatron for over a year now, and my overall experience has been positive. One of the noteworthy benefits is how effectively they help you build discipline around investment goals. The platform encourages consistency and makes it easier to stay committed, even during periods when I might be tempted to spend on unnecessary things. They're really good at what they do, and the only way to find out for yourself is to actually give them a shot

Scammers.

JohnnieZM:
I've taken my time to check out the accounts dropping positive reviews, and I've noticed that they are all old Nairaland accounts with long history and reputation, while the primary account dropping negative reviews here named inspiring1234 was created just last month, and all his/her posts have been negative comments about this Kyvatron, and that looks suspicious to me.

I've also taken some time to do some research about this company Kyvatron and have seen that they were featured on reputable newspapers like Punch Newspapers and The Nation Newspaper since as far back as 2024. I checked their social media accounts and found out that they have over 100K followers across their Instagram and Facebook with very good engagement, and some of their posts actually go as far back as 2022, which shows me that they've been in business for a long time.

So with everything I've seen, it just seems to me like one or two people want to make it their job to discredit a reputable company, and that's not nice at all.

From my experience, all the unreliable companies that have disappointed Nigerians, such as MMM in 2016, Racksterli in 2020, MBA Forex in 2021 and CBEX just last year in 2025 all crashed within 6 months to one year, so if this Kyvatron is still here after 4 years, with most people saying positive things about them, then it means that they're definitely doing something right.

MzBertty:
I'll recommend Kyvatron to anyone regardless of where you are financially. This app has helped me invest and handle emergency expenses consistently for over 8 months. It is reliable and has better interest rates than most other financial institutions. The best part of using this app is the team's commitment to continuous improvement

fredista:
Omo you really tried sha. I guess a little research goes a long way after all.

Johnchrix:
Makes sense.. Na wetin me sef wan talk
Enemies of progress everywhere 😂

ITL:
Yeah I also checked them out and they're doing very well

Their office in Lekki is also very beautiful

fredista:
Omo you really tried sha. I guess a little research goes a long way after all.

ChinemeremFidel:
This app is surely an OG when it comes to helping you put your money in order. I highly recommend Kyvatron for investments. The interest rate is good and I get joy whenever I see that my money is safe and that I get accrued interest that is paid every month to my bank account. Kyvatron is really amazing

okpeho:
I’ve personally been using Kyvatron for over a year now, and my overall experience has been positive. One of the noteworthy benefits is how effectively they help you build discipline around investment goals. The platform encourages consistency and makes it easier to stay committed, even during periods when I might be tempted to spend on unnecessary things. They're really good at what they do, and the only way to find out for yourself is to actually give them a shot

He is a scammer. Please do not deal with kyvatron. Bayo Iwu Chisom is a big time scammer. I dare him to go to Arise Television to go and explain the business he is into.

bmd1010:
Hahaha see format , omo rest

Juztizz:
Wow, this section is heating up 😅😅

But seriously though... the Kyvatron I've known for the past 3 years has been very reliable. I visited their office at Ikeja for my first investment back in 2023, because I wanted to start with 8 million Naira and wanted to do my physical findings first before dropping that kind of a huge sum. I met the staff and they were very polite and knowledgeable about the company's arbitrage business, so I was convinced and invested. It has been 3 years now, and they have never disappointed me, despite the fact that they're handling much bigger amounts for me and my friends today. Even a few times when they experienced some downtime with their banks, they always made sure to settle us within 48 hours, so I have to speak up in their defense.

I think anyone who wants to do business with Kyvatron should make an effort to visit their office to make sure they are transacting directly with the company to avoid heartbreak, because some people online are very good at creating fake accounts and using it to impersonate legitimate companies like Kyvatron, and anyone who isn't careful might fall victim

You all be safe out there. Peace and love ✌️

Jb95:
Lol, corporate scammers 😂😂😂
If u love your money stay away from this Cybertron or whatever it is they call it

MzBertty:
I'll recommend Kyvatron to anyone regardless of where you are financially. This app has helped me invest and handle emergency expenses consistently for over 8 months. It is reliable and has better interest rates than most other financial institutions. The best part of using this app is the team's commitment to continuous improvement

Manuel555:
Thanks for sharing your experience

Personally, Kyvatron really changed my narrative about online investment apps. Their faithfulness and commitment to help safeguard clients money is second to none. They have helped me achieve a lot in less than a year. I started using the app on 13th of July 2025, and since then, they have never relented on their efforts to make investments better, easier and secured. I love Kyvatron, and I wish them more success

Ofemannnu:
15 worst African currencies against dollar in 2024

Chisom Michael

January 7, 2025

15 worst African currencies declines against dollar as 2024 Closes.


Several African currencies experienced sharp devaluations against the US dollar in 2024, reflecting economic challenges such as inflation, trade imbalances, and dwindling foreign reserves. These issues have intensified pressure on exchange rates, impacting economic stability and purchasing power in the affected nations.

Nigeria’s Naira and Malawi’s Kwacha recorded significant depreciations, with the Naira falling by 104.38% and the Kwacha by 66.82%. Other currencies across the continent also faced worsening exchange rates, driven by high inflation, persistent trade imbalances, political instability, and increasing debt levels.

The depreciation of local currencies has contributed to rising inflation by increasing the cost of imported goods and services, straining consumers and economies. Countries have struggled to stabilize their currencies, with limited success due to underlying structural challenges.


Read also: 7 worst performing African currencies in 2023

Statista data as of August 1, 2023, provided insights into the performance of African currencies against the US dollar. Sierra Leone’s Leone had the highest exchange rate, with one dollar equalling 21,021.7 leones, marking it as the weakest currency on the continent.

Other currencies included the Guinea Franc, trading at 8,521 to the dollar, and the Malagasy Ariary at 4,430. Nigeria’s Naira was at 758.9 per dollar, the Angolan Kwanza at 824, Sudan’s Pound at 599, and the Liberian Dollar at 185. The Libyan Dinar, Ghanaian Cedi, and Egyptian Pound traded at 4.77, 11, and 30.85 per dollar, respectively, highlighting the variation in currency strength across Africa.

The US dollar’s global role as a reserve currency and its stability in international trade continue to shape exchange rates. While some African countries have managed to strengthen their currencies by addressing inflationary pressures, others face ongoing challenges that hinder sustainable improvements.


The economic impact of these devaluations underscores the importance of addressing the structural issues driving currency depreciation across the continent.

1. Nigeria – Naira
In 2023, the Nigerian Naira was trading at 758 to the US dollar. By the end of 2024, it had reached 1,549.18, representing a dramatic 104.38% depreciation. This steep decline shows Nigeria’s ongoing economic difficulties, including inflation and a lack of foreign exchange reserves.

2. Malawi – Kwacha
The Malawian Kwacha experienced a sharp drop from 1,043 per dollar in 2023 to 1,739.98 by the end of 2024. The 66.82% fall underscores the challenges faced by Malawi’s economy, such as high inflation and a reliance on imports, which put additional pressure on the currency.

3. Rwanda – Franc
The Rwandan Franc fell from 1,166 per dollar in 2023 to 1,392.32 in 2024. This 19.41% decrease points to rising inflation, a widening trade deficit, and the global economic climate, which has impacted Rwanda’s foreign exchange rates.

Read also: Naira among worst performing currencies in Sub-Saharan Africa— World Bank

4. Congo – Franc
The Congolese Franc saw a drop from 2,457 in 2023 to 2,866.15 in 2024, a 16.65% fall. The decline reflects the Congolese economy’s struggle with internal challenges and external shocks, leading to a weakening of the currency.

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5. Angola – Kwanza
The Angolan Kwanza saw a smaller decrease, moving from 824 to 912 per US dollar. This 10.68% depreciation reflects Angola’s efforts to stabilise its economy, although external factors like oil prices and inflation continue to challenge the national currency.

6. Sierra Leone – Leone
The Sierra Leonean Leone moved from 21,021 to 22,902 per dollar in 2024, marking an 8.95% decline. This increase reflects economic hardships, including high inflation rates and the country’s vulnerability to global financial shifts.

Read also: Beyond Naira: Foreign currencies shaping Nigerian businesses

7. Madagascar – Ariary
The Malagasy Ariary depreciated from 4,430 to 4,685.45 against the US dollar, a 5.77% decline. Madagascar continues to face structural challenges, such as high poverty levels and limited economic diversification, which contribute to the weakening of its currency.

8. Burundi – Franc
Burundi’s Franc depreciated from 2,809 to 2,967.11, a 5.63% fall. The country’s persistent economic difficulties, including inflation and political instability, are evident in the continued devaluation of its currency.

9. Comoros – Franc
The Comorian Franc fell from 445 to 466.12 per dollar, reflecting a 4.75% depreciation. Comoros, a small island nation, faces numerous economic challenges, including reliance on imports and a fragile economy.

Read also: We are revolutionising arbitrage trading in Nigeria – Kyvatron CEO

10. Uganda – Shilling
The Ugandan Shilling experienced a slight fall from 3,608 in 2023 to 3,686.17 in 2024, showing a 2.17% decrease. While not as drastic as other currencies, the Shilling’s minor decline is indicative of the pressure Uganda faces due to rising inflation and its dependence on imports.

11. Guinea – Franc
The Guinean Franc saw a small depreciation from 8,521 to 8,672.54 per dollar. The 1.78% decline highlights the country’s economic struggles, which include political instability and a reliance on mining exports.

12. Somalia – Shilling
The Somali Shilling had a marginal decrease from 565 to 573.47 against the US dollar, a 1.50% depreciation. Despite the slight decline, Somalia’s fragile economy, coupled with political instability and high inflation, continues to affect its currency.

Read also: Why Nigeria’s currency rebounded and what it means for the economy

13. Sudan – Pounds
The Sudanese Pound experienced the smallest drop of 0.42%, from 599 to 601.5 per dollar. While the decline is minimal, it reflects the ongoing economic challenges faced by Sudan, including political instability and international sanctions.

14. Liberia – Dollars
The Liberian Dollar saw a slight appreciation, moving from 185 to 183.63 per US dollar, a -0.74% change. Although the currency appreciated slightly, Liberia still faces challenges, such as inflation and reliance on foreign aid.

15. Tanzania – Shilling
The Tanzanian Shilling experienced a 1.18% appreciation, moving from 2,454 to 2,425 against the US dollar. Despite this modest improvement, Tanzania’s economy continues to struggle with inflation and a trade imbalance, which affects its currency.


https://businessday.ng/news/article/15-worst-african-currencies-declines-against-dollar-as-2024-closes/