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“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...
