Post Tagged with: "Central Bank of Nigeria"

Manufacturers’ unsold goods inventory hits N1.24Trillion, as CBN increases MPR

Manufacturers’ unsold goods inventory hits N1.24Trillion, as CBN increases MPR

News September 30, 2024 at 1:09 pm 0 comments

  As the Central Bank of Nigeria (CBN) continued to tighten its monetary policy noose, as evident by its recent increase of its Monetary Policy Rate (MPR) to 27.25%, the umbrella body of the nation’s  manufacturers, the Manufacturers Association of Nigeria (MAN), has said the policy has begun to take severe tolls on the manufacturing sector, with the value ofRead More

Interest Rates Hike: Private sector may be thrown into deeper crises – LCCI warns

Interest Rates Hike: Private sector may be thrown into deeper crises – LCCI warns

News May 23, 2024 at 5:05 pm 0 comments

The recent hike in the interest rates, as announced  by the monetary policy authorities, may signpost a deeper crises for the nation’s private sector, the Lagos Chamber of Commerce and Industry (LCCI), has warned.   The Chamber, in its reaction to the recent interest rates hike, on Wednesday, warned that such hike would throw the private sector to more profoundRead More