Interest Rate Increase: Manufacturers caution CBN, say it’ll worsen Nigeria’s situation

“With the increase in borrowing costs, manufacturers will now pay over 35 per cent on their credit facilities. Clearly, this will lead to an increase in production costs. higher prices of finished goods, lower competitiveness and production capacity expansion,” the association said.The post Interest Rate Increase: Manufacturers caution CBN, say it’ll worsen Nigeria’s situation appeared first on Premium Times Nigeria.

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