Back to state act
Back to state act
Description
On 25 November 2014, the Central Bank of Nigeria (CBN) devalued the Naira by nearly 10 per cent and increased its interest rate from 12 to 13 per cent. The measure should counter the effect of fallin...
Intervention Details
Intervention Type
Competitive devaluation
MAST Chapter
G: Finance measures
Implementation date
25 Nov 2014
Revocation date
No revocation date
Implementation level
National
Affected flow
Inward
Announced as temporary
No
Eligible firms
all
Affected Sectors
Affected Products