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    ALMOND 94.3 FM Ibadan

News

MANUFACTURERS RECORD 90.6% RISE IN COST OF SALES

todayMarch 31, 2025 3

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Nigeria’s manufacturers are counting their losses to the drastic macroeconomic changes being executed by the Federal Government.

A key element of the difficulties has shown up in cost of sales with leading manufacturers reporting 90.6 per cent surge in their just released 2024 financial results.

Analysts attribute the increase to the mounting inflationary pressure, foreign exchange volatility, and escalating production costs in the sector.

Written by: Almond News

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