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…

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NADDC Eagerly waiting for BPP to Implement Nigeria First Policy in automotive industry

•Oluwemimo Joseph Osanipin, the Director – General of NADDC. ‘Nigeria First’ policy empowers the BPP to ensure that all (100 per cent) government procurements are made in Nigeria. However, it could approve patronage of imported products where there are no local alternatives. The National Automotive Design and Development Council (NADDC) is eagerly looking forward to…

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BoA on N1.5tr Recapitalisation Drive to boost lending

The Bank of Agriculture (BoA) wants to raise N1.5 trillion (approximately $1 billion) in a major recapitalisation drive aimed at improving liquidity and expanding its lending capacity to the nation’s agricultural sector. In a statement, BoA Managing Director, Mr. Ayo Sotinrin, said the fund will be channeled towards financing key agricultural value chains, addressing infrastructure…

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