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Manufacturers’ loan costs jump 53% as credit falls

Nigerian manufacturers faced a 53% jump in average bank credit costs between 2020 and 2025, with interest rates hitting 32.2%, says MAN. Read More: https://punchng.com/manufacturers-loan-costs-jump-53-as-credit-falls/

Aggregated · originally by Punch
22 Sept 2026, 02:46 WAT · 3 min read
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Manufacturers’ loan costs jump 53% as credit falls

Nigerian manufacturers faced a 53% jump in average bank credit costs between 2020 and 2025, with interest rates hitting 32.2%, says MAN. Read More: https://punchng.com/manufacturers-loan-costs-jump-53-as-credit-falls/