News
News
Nigeria
Explore the latest updates in Nigeria
Africa
Explore the latest updates in Africa
Europe
Explore the latest updates in Europe
Asia
Explore the latest updates in Asia
World
Explore the latest updates in World
Epaper
Metro
Politics
Business
Business
Aviation
Explore the latest updates in Aviation
Business News
Explore the latest updates in Business News
BusinessAgro
Explore the latest updates in BusinessAgro
Stock Market
Explore the latest updates in Stock Market
Capital Market
Explore the latest updates in Capital Market
Entrepreneur
Explore the latest updates in Entrepreneur
Industry
Explore the latest updates in Industry
Insurance
Explore the latest updates in Insurance
Maritime
Explore the latest updates in Maritime
Money
Explore the latest updates in Money
Security Watch
Explore the latest updates in Security Watch
Sport
Life
Life
Music
Explore the latest updates in Music
Film
Explore the latest updates in Film
Beauty
Explore the latest updates in Beauty
Features
Explore the latest updates in Features
Opinion
Tech
Tech
Reviewed
Explore the latest updates in Reviewed
GTV
Woman
Woman
GWF
Explore the latest updates in GWF

Search Guardian News

Business

Naira faces fresh risk as Fed hikes interest rate by 50bps

For the first time in 22 years, the Federal Open Market Committee (FOMC), a rate-fixing committee within the Federal Reserve System, has raised the interest rate by 50 basis points, as a continuation of its aggressive effort to rein in inflation.

Geoff Iyatse