A Central Bank of Nigeria, CBN, Survey report has shown that high bank charges, poor infrastructure, unfavorable economic climate, insecurity, and access to credit were top business constraints in December 2024.

According to the report, the optimism might be attributed to firms’ positive outlook on exchange rate, volume of business activities, and volume of total order.

It stated: “Respondents mentioned high bank charges, poor infrastructure, unfavorable economic climate, insecurity and access to credit as top business constraints for December 2024.

“Respondent firms were optimistic about the overall macroeconomy. The optimism may be attributed to the positive outlook on Exchange rate, volume of business activities, and volume of total order.

“The overall confidence index (CI) on the macroeconomy indicated that businesses were optimistic in December 2024.

“The optimism on business outlook in the current month is driven by the opinion of respondents from all the sectors.

https://www.vanguardngr.com/2025/01/high-bank-charges-others-constrain-businesses-in-december-cbn/