Manufacturers Raise Alarm Over CBN’s Hike in Monetary Policy Rate
Reacting to the Central Bank of Nigeria’s (CBN) recent increase in the Monetary Policy Rate (MPR), the Manufacturers Association of Nigeria (MAN) warns that this policy move is hampering growth in the real sector. The CBN’s Monetary Policy Committee (MPC) confirmed a fifth consecutive MPR hike on Wednesday, pushing the rate to 18.5 per cent …
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