Business

W/Bank mobilises $5.79bn private capital for Nigeria

W/Bank mobilises $5.79bn private capital for Nigeria

By Emma Ujah, Abuja Bureau Chief The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy. The financing drive is being supported by policy reforms, […]
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OPS expresses frustration over high interest rate regime in 2017

OPS expresses frustration over high interest rate regime in 2017

The Organised Private Sector (OPS) Nigeria has expressed frustration over the high interest rate regime which persisted in 2017.  In their review of the outgoing year, Manufacturers Association of Nigeria, MAN;   Nigeria Employers Consultative Association, NECA; Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) noted that  their vigorous  advocacy for   single digit interest rate regime  in Nigeria, specifically five percent,  went  unheeded, and unfulfilled by the monetary policy.