Nigeria: High Interest Rates, Insecurity Lead to Business Constraints in Nigeria – CBN Survey

Additional constraints identified by the survey include multiple taxation, unreliable power supply, and an unfavourable economic climate.

Businesses across Nigeria are grappling with a difficult operating environment as high interest rates, insecurity, and multiple taxes rank among the most pressing constraints, according to the latest Central Bank of Nigeria (CBN) survey.

The October Business Expectations Survey, which provides insights into the prevailing economic challenges faced by businesses,…