Analysts link currency in circulation decline to interest rate hike

Financial analysts have attributed the decline in the value of currency outside banks to the Central Bank of Nigeria’s tightening of the Monetary Policy Rate and ongoing inflationary pressures. According to the CBN, the value of currency outside Nigerian banks dipped by 0.62 per cent to N3.61tn from N3.63tn in the previous month. The apex

Read More

Check Also

Flood: Relocate to higher ground, FG urges Benue, Niger riverine communities

The Nigeria Hydrological Services Agency has urged riverine communities along the Rivers Benue and Niger …

Leave a Reply

Your email address will not be published. Required fields are marked *