Manufacturers input costs are rises the most in 10 years since the records began in 2014 as FX crisis worsens, data from the Stanbic IBTC Purchasing Managers Index (PMI) shows.
Nigeria's manufacturers have been battling rising operational costs amid high borrowing costs and low consumer spending.
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Josephine Okojie-Okeiyi
Josephine Okojie-Okeiyi is a journalist with over five years’ reporting experience. She writes on industry, agriculture, commodities, climate change, and environmental issues.
She is fellow of Thomson Reuters Foundation and Bloomberg Media Initiative for Africa.
