The recent decision by the Central Bank of Nigeria (CBN) to raise the Monetary Policy Rate (MPR) from 22.75% to 24.75% has sparked concerns among private sector operators, who foresee a surge in inflation and anticipate widespread job losses across the country. Leading industry bodies such as the Nigerian Association of Chambers of Commerce, Industry, … Continue reading Nigerian Private Sector Predicts Economic Strain with 24.75% Interest Rate Hike