CBN Cuts Interest Rate To 23%,Citing Economic Stability
According to Cardoso, with the current stability in the market, there was no better time to adjust the rate than now.
According to Cardoso, with the current stability in the market, there was no better time to adjust the rate than now.
Coca-Cola had the highest number (21,893), followed by McDonald’s (13,915), Powerade (12,777), and Lay’s – the crisps manufacturer known as Walkers in the UK – (12,087).
The Managing Director/CEO of Nigerian Breweries Plc, Thibaut Boidin, said the anniversary should be an opportunity to celebrate the people who have contributed to the company’s journey.
Agricultural PriceUSd Chg % Soybeans 1324.40 3.6 -0.27% Wheat 721.62 5.13 -0.71% Palm Oil 4856.00 1.00 -0.02% Coffee 273.61 2.79 -1.01% Cotton 82.724 0.696 -0.83% Cocoa 5351.00 24.00 0.45% Sugar 18.15 0.24 -1.28%
The order followed a meeting between the central bank and managing directors of commercial banks on August 27, as well as an industry-wide review of how banks employ foreign personnel.
Fiscal and monetary policies remain two important and complementary instruments for the management of a modern economy.
“MAN therefore views the August inflation outcome as an opportunity to move from simply managing inflation to addressing the structural costs that keep Nigerian manufacturing expensive,” he said.
The meeting was attended by representatives of the Ondo State Government, ODSG, and Dangote Industries Limited on the proposed investment in Olókòlá Free Trade Zone, (OKFTZ) and the Dangote Industrial City within the area.
According to Dangote, his textile investments were overwhelmed by imported products, particularly from China and India, making it increasingly difficult for locally manufactured textiles to compete.
“Africa is like a scratch card. Unless you scratch it, you don’t see the use of it. The opportunities are immense,” Dangote said.