MPR reduction will create more supportive environment for manufacturing —MAN

The Manufacturers Association of Nigeria (MAN) has stated that the recent reduction of the Monetary Policy Rate (MPR) by 350 basis points to 23.0 percent from 26.50 percent by the Central Bank of Nigeria's Monetary Policy Committee will create a more supportive environment for manufacturing. In a statement, MAN expressed that the decision would benefit the sector. The association's reaction follows the MPC's latest policy meeting.

Read More