MPR cut should bring cheaper credit MAN

By Yinka Kolawole The Manufacturers Association of Nigeria, MAN, has urged banks to reduce lending rates to manufacturers following the Central Bank of Nigeria’s 350-basis-point cut in the Monetary Policy Rate, MPR, saying lower borrowing costs are essential to reviving investment and production. Director-General of MAN, Segun Ajayi-Kadir, made the call in a statement yesterday, […] The post MPR cut should bring cheaper credit — MAN appeared first on Vanguard News .