Interest rate hike detrimental to manufacturing sector recovery – MAN

Consumers face price hikes as manufacturers’ raw materials deplete

Segun Ajayi-Kadir, the director-general of Manufacturers Association of Nigeria

The Manufacturers Association of Nigeria (MAN) has warned that the recent increase in Monetary Policy Rate (MPR) to 14 percent is detrimental to the operation and recovery of the sector amid lingering inherent challenges. The Central Bank of Nigeria (CBN) increased the rates by 100 basis points f

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