The cost of imported raw materials surged by 118 per cent to N6.64 trillion in 2024 alone due to the depreciation of the exchange rate, Manufacturers Association of Nigeria (MAN) has disclosed. The ...
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Why N6.28trn windfall tax projection failed —Investment Banker
Nigeria’s much-publicised N6.28 trillion windfall tax and foreign exchange (FX) gains projected for 2024 have yielded nothing as of September, underscoring the dangers of over-optimistic budget ...
The Manufacturers Association of Nigeria has warned that the Nigeria Customs Service’s reintroduced four per cent Free-on-Board charge on imports will worsen inflation, raise the cost of raw materials ...
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