Nigerian Currency Plunges After Central Bank Rate Hike

The Nigerian Naira weakened importantly against the U.S. dollar pursuing the Central Bank of Nigeria’s (CBN) determination to hike involvement rates for the 5th clip this year. The naira dropped to NGN1,658 per dollar connected the authoritative overseas speech marketplace aft the CBN accrued the benchmark lending complaint by 50 ground points. On the parallel […]