Impact Of Interest Rate On The Performance Of Manufacturing Companies In Nigeria: A Study Of Nigeria Brewery Company Plc (2011-2015)
ABSTRACT
The• manufacturing sector of the economy is the most important sector and for
obvious reasons it is affected by the unprecedented increase of interest rate to
borrowers. To appraise the effect of this situation prompted this study so as to
provide theoretical and empirical evidence on the effect of high interest rate on the
manufacturing sector of the Nigerian economy. Also, to determine the
manufacturing sectors growth, total earnings and sectors profitability. Data were
gotten through secondary sources. These data collected were presented and
analyzed by means of tables and percentages. The hypothesis adduced was tested
using the multiple regression analytic tool. Results have shown that the
manufacturing sector has been constrained due to the inadequate funding culture
of Nigerian banks and banks no longer want to lend on a long term basis, even
when they lend, it is at cut-throat and high interest rates. Therefore, banks who are
the ultimate source of bank loan should realize that, manufacturers are quality
customers and interest rate should be a dialogue between the two sectors so that
the manufacturing sector could survive and interest rates need periodical
adjustments so that there would be increase in the level of investment
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AMALAHA, A (2021). Impact Of Interest Rate On The Performance Of Manufacturing Companies In Nigeria: A Study Of Nigeria Brewery Company Plc (2011-2015). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-interest-rate-on-the-performance-of-manufacturing-companies-in-nigeria-a-study-of-nigeria-brewery-company-plc-2011-2015-7-2
ANGELICA, AMALAHA. "Impact Of Interest Rate On The Performance Of Manufacturing Companies In Nigeria: A Study Of Nigeria Brewery Company Plc (2011-2015)" Mouau.afribary.org. Mouau.afribary.org, 09 Jun. 2021, https://repository.mouau.edu.ng/work/view/impact-of-interest-rate-on-the-performance-of-manufacturing-companies-in-nigeria-a-study-of-nigeria-brewery-company-plc-2011-2015-7-2. Accessed 31 Oct. 2024.
ANGELICA, AMALAHA. "Impact Of Interest Rate On The Performance Of Manufacturing Companies In Nigeria: A Study Of Nigeria Brewery Company Plc (2011-2015)". Mouau.afribary.org, Mouau.afribary.org, 09 Jun. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-interest-rate-on-the-performance-of-manufacturing-companies-in-nigeria-a-study-of-nigeria-brewery-company-plc-2011-2015-7-2 >.
ANGELICA, AMALAHA. "Impact Of Interest Rate On The Performance Of Manufacturing Companies In Nigeria: A Study Of Nigeria Brewery Company Plc (2011-2015)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-interest-rate-on-the-performance-of-manufacturing-companies-in-nigeria-a-study-of-nigeria-brewery-company-plc-2011-2015-7-2