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MPR cut should bring cheaper credit — MAN
By Yinka Kolawole The Manufacturers Association of Nigeria, MAN, has urged banks to reduce lending rates to manufacturers following the Central Bank of Nigeria’s 350-basis-point cut in the Monetary Policy Rate, MPR, saying lower borrowing costs are essential to reviving investment and production. Director-General of MAN, Segun Ajayi-Kadir, made the call in a statement yesterday, […]
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