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Nigerian Business Confidence Level Falls to 17%

Lagos Chamber of Commerce & Industry says poor access to credit affected business leaders’ confidence

The business confidence level in Nigeria fell 6.4 percentage points this quarter to 17% as business leaders indicated that caution may be required in the coming months.

The Lagos Chamber of Commerce & Industry said of the indicator…

Factors such as poor access to credit, challenging security situation, dwindling public power supply and the increasing spate of non-performing trade credit largely contributed to the depressed index score.

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