MAN Condemns CBN’s 27.5% Rigid Interest Rate •We’re making the system stronger – Cardoso

“Over the last quarter, countries such as members of the Euro Area, the United Kingdom, Denmark, Australia, China, India, Thailand and Egypt, have implemented interest rate cuts to bolster economic growth and support productive sectors. “ • CBN Governor, Olayemi Cardoso The Manufacturers Association of Nigeria (MAN) has again condemned the Central Bank of Nigeria…

Read More

NB PLC : Despite N51.3bn Advertising Spends , Post N106bn Loses FY 2023

▪︎Mr Hans ESSAADI, Managing Director/CEO DESPITE the N51.3 billion spent on advertising and sales promotion by the Nigerian Breweries Plc, the giant brewer reported a N106.3 billion loses for the financial year ended December 2023. Based on this, the Company’s Board of Directors has notified its shareholders that it did not recommend any dividend for…

Read More

NECA, NLC Disagree with NBS on improvements in macroeconomic indicators

• Dr. Ifeanyi Okoye, NECA President The Nigeria Employers’ Consultative Association (NECA) and the Nigeria Labour Congress (NLC) have dismissed the claims by the Nigerian Bureau of Statistics, NBS, improvement in some macroeconomic indicators. The Nigerian Bureau of Statistics, NBS, has just released its latest Composite Consumer Price Index indicating that inflation declined for the…

Read More