Rates hike: Manufacturers incur N730bn capital expenses in 6 months

As unsold inventory surges 42.93% to N1.24trn By Yinka Kolawole The ManufacturersAssociation of Nigeria (MAN) has said that the continuous increase in interest rates has led to manufacturers incurring more than N730 billion in capital expenses in the first six months of the year. This is even as unsold goods inventory rose by 42.93 percent []The post Rates hike: Manufacturers incur N730bn capital expenses in 6 months appeared first on Vanguard News.
Click here to read full news..