The combined borrowing costs of nine manufacturers in Nigeria rose by 193.3 percent within a year as a result of the interest rate hikes by the Central Bank of Nigeria.
The firms are Dangote Cement Plc, Nestle Nigeria Plc, Nigerian Breweries Plc, International Breweries Plc, BUA Foods Plc, BUA Ce
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
