The Central Bank of Nigeria (CBN) has listed factors affecting confidence in the Nigerian economy.
In its latest Business Expectation Survey, BES, the apex bank noted that businesses have expressed less confidence in the economy with the Overall Confidence Index (OCI) in the next three months falling by 3.2 index points to 14.5 from 17.7 index points.
Some of the factors listed by the apex bank include high interest rate, insecurity, high/multiple taxes, inadequate power supply, unfavorable economic climate, financial problems.
