Taxation and Insecurity Top Business Concerns, CBN Survey Shows

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Taxation and Insecurity Top Business Concerns, CBN Survey Shows

ABUJA — High or multiple taxation, insecurity and high interest rates are the biggest problems facing Nigerian businesses, according to the Central Bank of Nigeria's July Business Expectations Survey of 1,900 firms. Business confidence remained positive, with the electricity, gas and water sector the most optimistic. Respondents expected the naira to strengthen and borrowing costs to remain high.

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