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CBN’s 27% Rate Cut Not Enough To Ease Credit Pressure, MSMEs Stakeholders Say

Members of the Organised Private Sector (OPS) have applauded the 27 per cent rate cut, but insisted that it is insufficient to ease credit pressures on businesses. Speaking about the development, the director-general of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, said manufacturers needed single-digit interest rates around five per cent for borrowing to […]


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