Experts weigh in as Naira crashes to N1,658 after CBN rate hike

The Nigerian naira continued its sharp decline, dropping to N1,658.48 against the US dollar on September 24, 2024, marking a 6.13% depreciation in the official Investor and Exporter (I&E) window. This steep fall came after the Central Bank of Nigeria (CBN) raised interest rates by 50 basis points to 27.25% in an effort to curb [...]The post Experts weigh in as Naira crashes to N1,658 after CBN rate hike appeared first on National Daily Newspaper.

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