Manufacturers invest billions in local raw materials as FX scarcity hurts
By Manufacturers are pumping billions of naira into local raw materials sourcing as foreign exchange (FX) scarcity continues to hurt their capacity to import inputs. FX crunch due to oil price lows since 2014 has disrupted productions and projections, forcing 54 small factories to shut down in 2016 and threatening more closures and job losses this…
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