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Tag: Manufacturing

Dangote fumes at new CBN interest rate, says nobody can create jobs, development

July 2, 2024July 2, 2024Ayo Olowo

Alhaji Aliko Dangote, Chairman of the Dangote Group, has expressed concern over the decision of the Central Bank of Nigeria, CBN, to raise the interest rate to nearly 30 per cent. Speaking at a summit hosted by the Manufacturers Association of Nigeria (MAN), on Tuesday at the State House in Abuja, the business mogul made […]

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CBN directs banks to give loans to agricultural, manufacturing companies at 9%

August 17, 2018Eben Tanimola

The Central Bank of Nigeria (CBN) has promised to support banks to enable them give loans to players in the agricultural and manufacturing sector at a single digit interest rate. Addressing journalists on Thursday after the CBN Bankers’ Committee meeting, Ahmed Abdullahi, CBN director, banking supervision, said the loans will only be available for job […]

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