Reps urge CBN to reconsider rate hikes, cites manufacturing, job concerns

As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepares for its next meeting, the House of Representatives Committee on Economic Planning has urged the apex bank to reconsider its continued tightening of monetary policy, warning that persistent interest rate hikes risk undermining growth, particularly in the manufacturing sector, and exacerbating unemployment. Gboyega Nasiru, [...]The post Reps urge CBN to reconsider rate hikes, cites manufacturing, job concerns appeared first on Nigerian NewsDirect.

Read More