Private Sector borrowed N15.34 trillion in Q2 The total loans granted by Nigerian banks to the private sector declined by N600.60bn, from N16 trillion in the first quarter of 2017 to N15.34 trillion, in the second quarter(Q2) of 2018. A report by the National Bureau of...

MAN Criticizes 14% Lending Rate Chairman, Manufacturers Association of Nigeria (MAN) Ogun Chapter, Mr Wale Adegbite has expressed disappointment over the Monetary Policy Committee (MPC) ‘s decision to retain a the monetary policy rate. Adegbite expressed his view in an interview with newsmen in Ota, Ogun. He...

The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to drop the lending rate from 14 per cent to accelerate productivity and economic growth. The President of MAN, Mr. Frank Jacobs, made the appeal in while speaking with newsmen...

Central Bank of Nigeria, CBN, has reaffirm its determination to sustain the resurgence of the Naira via continuous provision of foreign exchange to ensure Naira gains further strength as well as been available to end users. This is as the apex bank reiterated that...

Members of the Organised Private Sector (OPS), including Manufacturers’ Association of Nigeria (MAN), have disagreed with the Central Bank of Nigeria (CBN) that they received $2.83 forex. The apex bank announced penultimate Thursday that it had disbursed $2.83 billion for utilisation in the critical sectors...

The Central Bank of Nigeria, CBN, in June 2016 formally unveiled the much-awaited flexible foreign exchange policy that would allow the foreign exchange interbank trading window to be driven purely by market forces. The policy was designed to effectively remove controls on the naira, allowing...