The Manufacturers Association of Nigeria (MAN) has expressed concerns over the Central Bank of Nigeria (CBN) decision to increase the Monetary Policy Rate (MPR) from 26.75 per cent to 27.25 per cent.
In a statement on Friday, the association said the decision has far-reaching implications for the manufacturing sector in Nigeria.
MAN’s Director General, Segun Ajayi-Kadir, explained in the statement that the continued increase in interest rates, which now totals 15.75 percentage…
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