Between 2019 and 2021, the beer makers have increased prices more than twice due to high Excise Duty, a levy on the manufacture of locally produced goods.
Despite the economic headwinds facing them, Nigeria’s largest beer makers have announced profit increases in the first quarter of 2022 helped by increased beer consumption by most Nigerians.
Findings by BusinessDay showed the high cost of production and inflationary environment are making Niger
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