CBN maintains 26.5% rate, naira stable at ₦1,371/$

The Central Bank of Nigeria has opted to maintain its interest rate at 26.5%, a decision that has contributed to the stability of the Nigerian Naira in the official foreign exchange market. On Thursday morning, the exchange rate was recorded at ₦1,371 to one US Dollar, indicating no significant fluctuations. This move by the CBN is part of its ongoing efforts to manage inflation and stabilize the national currency amidst economic challenges.

Read More