Nigerian firms remain pessimistic, CBN’s survey reveals

International Money Transfer Operators

The Central Bank of Nigeria (CBN) has said the firms that participated in its latest business expectations survey expect borrowing and inflation rates in the country to rise further in the coming months. The apex bank said in its October 2020 Business Expectations Survey Report, released on Tuesday, that the respondent firms expressed pessimism on the macro economy. It said they were however optimistic in their outlook for November with a confidence index of 37.9. “Respondents’ outlook on volume of total order, volume of business activity, average capacity utilisation and…

Read more