LAGOS — The Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry have welcomed the Central Bank's decision to cut the Monetary Policy Rate from 26.5 per cent to 23 per cent. MAN Director-General Segun Ajayi-Kadir asked the bank to review the cash reserve requirement so that the cut reaches borrowers, while LCCI Director-General Chinyere Almona called for credit guarantees. Economist Bismarck Rewane warned that lower real returns could put pressure on the naira.