Banks’ lending rate to manufacturers rises to 23%-(Businessday,Pg.35)

Banks’ average lending rate to manufacturers rose to 22.65 percent in the first half (H1) of 2017 from 21.4 percent charged in the corresponding half of 2016, survey carried out by the Manufacturers Association of Nigeria (MAN) shows. This represents 1.25 percentage point increase over the period. According to the report, lack and high cost…

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