OPS – InfoStride News

CBN Cuts Interest Rates as OPS Pushes for Improved Credit Access

Temitope Nlewemchi — Wed, 25 Feb 2026 16:53:21 +0000

The Central Bank of Nigeria (CBN) has announced a reduction in interest rates, a move it says is intended to stimulate economic activities and ease borrowing costs for businesses across the country. The development has been welcomed by segments of the private sector, although members of the Organized Private Sector (OPS) insist that the real [...]

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OPS Presses for Rate Cut as MPC Convenes Today

Temitope Nlewemchi — Mon, 12 Jan 2026 20:17:20 +0000

As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) convenes for its 300th meeting on May 19 and 20, 2025, the Organised Private Sector (OPS) is urging the committee to consider reducing the current benchmark interest rate of 27.50%. The OPS argues that a rate cut would alleviate the financial burden on businesses and [...]

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Business-Friendly Environment Key to Boosting Diaspora Remittances – OPS

Temitope Nlewemchi — Sun, 24 Nov 2024 16:04:02 +0000

The Organized Private Sector (OPS) has emphasized the need for a more business-friendly environment to attract increased diaspora remittances and spur economic growth. This call comes as Nigeria continues to experience a significant inflow of funds from its diaspora, which remains a vital source of foreign exchange and economic support. Speaking at an economic summit, [...]

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OPS Expresses Concern as 61 Companies Exit Nigeria in Four Years

Temitope Nlewemchi — Thu, 21 Nov 2024 07:35:30 +0000

The Organized Private Sector (OPS) has raised alarm over the exodus of 61 companies from Nigeria within the last four years, citing a hostile business environment, economic instability, and policy inconsistency as key factors driving the trend. This mass exit has sparked concerns about the country’s investment climate and its implications for economic growth, job [...]

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OPS Attributes Highest Inflation in 21 Years to Struggling Naira

Temitope Nlewemchi — Tue, 16 Jan 2024 12:02:55 +0000

The Organised Private Sector (OPS) has identified the struggling state of the Nigerian Naira as a key factor contributing to the highest inflation rate in 21 years. This acknowledgment sheds light on the intricate relationship between currency performance and inflationary pressures in the country. The OPS, representing the organized business community, points to the challenges [...]

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