Naira Weakens Despite Hike In Rate

The naira on Tuesday depreciated against the dollar at the Investors and Exporters window, exchanging at N445.50 on a day that the Monetary Policy Rate, MPR was increased by the apex bank. GWG.NG reports that the Monetary Policy Committee, MPC of the Central Bank had announced an increase of the Monetary Policy Rate, MPR as … Continue reading Naira Weakens Despite Hike In Rate