Nigeria Springs Record Rate Hike in Bid to Restore Naira Trust
Nigeria Springs Record Rate Hike in Bid to Restore Naira Trust
#Nigeria’s central bank took a vital step toward restoring confidence in the battered #naira by aggressively raising interest rates and pledging to dig the country out of its present “mess.”
Announcing a much-bigger-than-expected 400 basis point rate increase to 22.75%, Governor Olayemi Cardoso said that the central bank was not…
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Dear Lord!! 😢
Sad the country has been riddled for so long with repeated government corruption. Meanwhile, it appears Lagos wants to become Cleveland, OH – US. The apparent obsession with the West is baffling.