Tag: FALL IN NAIRA

  • FALL IN NAIRA, INFLATION PUSHES MANUFACTURING EXPENSES TO N2.6tn

    FALL IN NAIRA, INFLATION PUSHES MANUFACTURING EXPENSES TO N2.6tn

    Report says In the first half of 2025, the combined cost of sales for 12 Nigerian manufacturing companies increased by 19.68%, rising from N2.18 trillion in 2024 to N2.6 trillion. According to the report, this surge was driven by higher input and operational costs caused by inflation, foreign exchange pressures, and logistics challenges. While some…