Nigeria just pulled an unexpected move to support its beleaguered currency

Nigeria's central bank unexpectedly hiked rates in its first decision since depegging its currency, the naira, from the US dollar.
The Central Bank of Nigeria raised its key interest rate by 200 basis points, up to 14.00% from 12.00% on Tuesday. The majority of economists surveyed by Bloomberg expected the bank to hold.
This decision suggests that the bank is looking to regain control of its beleaguered currency given that the hike comes at a time when Nigeria is struggling with loomin