Naira slumps against dollar amid CBN interest rate hike

The naira nosedived against the dollar at foreign exchange markets in the wake of the Central Bank of Nigeria’s latest interest rate hike. Dayyabu Ashiru, a Bureau De Change operator in Wuse Zone 4, Abuja, told DAILY POST that the naira exchanged for N1,590 per dollar on Tuesday from N1,570 the previous day. “We buy [...]Naira slumps against dollar amid CBN interest rate hike

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