MPR: Manufacturers say lending rate at 30–37% still crippling production

The Manufacturers Association of Nigeria (MAN) has said that the decision of the Central Bank of Nigeria (CBN) to maintain the Monetary Policy Rate (MPR) at 27% is unfavourable, noting that the current lending rate at 30-37% has continued to undermine production and erode competitiveness in the sector.  

The post MPR: Manufacturers say lending rate at 30–37% still crippling production appeared first on Nairametrics.

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