Dangote slams CBN’s 30% interest rate hike, warns of stifled economic growth

Aliko Dangote, Chairman and CEO of the Dangote Group, on Tuesday, vehemently criticized the Central Bank of Nigeria’s (CBN) recent decision to raise interest rates to nearly 30%. Speaking at the Manufacturers Association of Nigeria (MAN) summit in Abuja, Dangote cautioned that the exorbitant rate would suffocate businesses and hinder job creation. “The current interest [...]The post Dangote slams CBN’s 30% interest rate hike, warns of stifled economic growth appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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