Year: 2024

“Confidence in the Naira Restored by Multiple Interest Rate Hikes, Says Cardoso”

The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has stated that the naira's value has increased as a result of several interest rate increases. Talking at a news conference following the 297th meeting of the Monetary Policy Committee (MPC) in Abuja, Cardoso emphasised how the currency's successive interest rate hikes had led to a shift in public perception. “There was a situation where exchange rate was really running at an incredible pace and people were beginning...