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Nigerian Firms Feeling the Heat as Interest Rates March Higher

Nigerian Firms Feeling the Heat as Interest Rates March Higher
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Manufacturers cry out as unsold goods accumulates in storage facilities – Opinion Nigeria

The Central Bank of Nigeria (CBN) report revealed that capacity utilisation in the food and beverages sector fell to 49% from 61% in the corresponding period in 2022, indicating a 20 percentage point decline. As a result, they suggested that the output levels have been declining steadily since mid-last year.

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