(Photo Credit: Premium Times)
The Central Bank of Nigeria (CBN) has released its Business Expectation Survey which provides an outlook for business operation in December 2020 and January next year. The survey showed business constraints of sectors that are expected to employ the most and expand within this month and next month.
According to the CBN BES November report, wholesale/retail trade sector topped the list of pessimistic sector expecting an improvement in business operation following disruption to revenue generation by the COVID-19 pandemic is the first and second quarter of this year.
The survey covered various firms which commented on employment, expansion, business constraints, exchange rates, borrowing and inflation rates, as well as economic growth rate during the period of the outlook.
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Employment:
Expansion:
Business Constraints:
Exchange Rate:
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Borrowing Rates:
Inflation Rate:
Economy Growth:
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