Pharmaceutical Manufacturers Decry High Interest Rate, Advocate Single Digit Rate

Leadership | 02-07-2024 03:05pm |

Nigerian manufacturers in the pharmaceutical sector have bemoaned the high interest rate, claiming it is destroying the sector. Recall that the Central Bank of Nigeria’s (CBN) increasing Monetary Policy Rate (MPR) has caused the Nigerian financial services industry, particularly merchant and commercial banks, to modify their lending rates. A total of 25 out of 31 [...]

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