High Interest Rates Cost Manufacturers N730bn, As Unsold Products Hit N1.24trn

LAGOS – The Manufacturers Asso­ciation of Nigeria (MAN) has attributed the N1.24 trillion value of unsold goods to rise in the Monetary Pol­icy Rate (MPR) to 27.25 per cent by the Central Bank of Nigeria (CBN). The Director General, Segun Ajayi-Kadir of MAN, who made the disclosure to Daily Indepen­dent, said the MPR rate impact [...]

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