The Central Bank of Nigeria, on Tuesday, raised the interest rate to 14 per cent. The new interest rate comes barely two months after the apex bank raised the interest rate to 13 per cent. This was disclosed by the governor of the apex bank, Godwin Emefiele, after the committee’s meeting at the CBN headquarters in Abuja. The governor of the apex bank said the hike in interest rate would help tame rising inflation.
Tagged with: Business Gist CBN
For some, this is something Bullish. For others, this may pose a major risk for the Bitcoin revolution, because so many BTC will no longer be usable in P2P for everyday payments. Regardless, this figure should be put into perspective with the fact that there will be 656,250 BTC issued after the 4th Bitcoin halving. However, this may not be a huge problem. Less BTC available for P2P just means that the value of BTC goes up and prices will change to ...
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