Nigerian Currency Plunges After Central Bank Rate Hike

Nigerian Currency Plunges After Central Bank Rate HikeThe Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign exchange market after the CBN increased the benchmark lending rate by 50 basis points. On the parallel […]

source https://news.bitcoin.com/nigerian-currency-plunges-after-central-bank-rate-hike/
Nigerian Currency Plunges After Central Bank Rate Hike Nigerian Currency Plunges After Central Bank Rate Hike Reviewed by bitcoins-crypto on سبتمبر 25, 2024 Rating: 5

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